The Indian rupee edged up on Monday, helped by foreign fund inflows and the dollar's weakness against major currencies, but the gains were limited by suspected intervention by the central bank.
China's yuan rose against the dollar on Monday, hitting its highest level since its July 2005 revaluation amid lingering global dollar weakness. The yuan closed at 7.8275 to the dollar, compared with Friday's close of 7.8360 to the dollar.
Zimbabwe's cricket body was on Monday convicted by a Harare magistrate's court for breaching the country's stiff foreign exchange laws. Zimbabwe Cricket (ZC), represented by the association's accountant Anesu Kafesu, pleaded guilty to making unauthorised
Public circles, millions of fans of Pakistan cricket team have demanded from President Musharraf to honour World Record Holder, Mohammad Yousaf with title "Sir".
President General Pervez Musharraf Monday urged Pakistan team to capture the World Cup for the cricket-loving nation through physical fitness, discipline and team spirit. "I back the Pakistan team to win the World Cup but to achieve that feat, it will hav
Zubair Mohammad scored a last-minute equaliser as Pakistan snatched a dramatic 1-1 draw against Malaysia in their opening match of the Asian Games men's field hockey here on Monday.
A stylish century by youngest team member Michael Clarke defused the prospect of a series-levelling victory by England in the second Ashes cricket Test at the Adelaide Oval Monday.
Yurie Yano of Japan won the women's 200m butterfly gold medal at the Asian Games here Monday in a time of 2:09.08. South Korea's Choi Hye-ra took the silver and Japan's Yuko Nakanishi took the bronze.
Hassan Al Sheikh and Bader Al Alshaikh gave Saudi Arabia their first ever Asian Games bowling gold medal here on Monday when they won the men's doubles. United Arab Emirates and Qatar shared the silver.
Pakistani lifter Awais Akbar topped in Group B of the men 77kgs weightlifting competition of the Doha Asian Games here on Monday at Al-Dana Hall. But his chances for a medal heavily depends on the out come of the Group A. Awais lifted a total weight of 28
Diplomats from six major powers will meet in Paris on Tuesday for talks on Iran's disputed nuclear programme, France said on Monday. Political directors from foreign ministries of the six would "discuss the Iranian nuclear issue", French Foreign Ministry
Former Chilean dictator Augusto Pinochet, accused of torture, killings and kidnappings during his 1973-1990 rule, was stable but still seriously ill on Monday following a heart attack over the weekend, his doctors said.
A Rwandan witness has accused a French judge of distorting his testimony in a probe into the killing of a former president which sparked the country's genocide and prompted Rwanda to cut diplomatic ties with France.
A court trying Saddam Hussein for genocide against ethnic Kurds in 1988 agreed on Monday to a prosecution request to stop listening to more witnesses, a move that could speed up proceedings in the three-month trial.
Russian Foreign Minister Sergei Lavrov said on Monday the Litvinenko affair was damaging ties with Britain, and British detectives headed for Moscow as part of their investigation into the ex-KGB spy's death by poisoning.
Lebanon's army deployed more soldiers in Beirut on Monday after the killing of a pro-Syrian Shia demonstrator raised fears anti-government protests could turn into sectarian violence.
Thailand put a dent in China's Asian Games armour on Monday, snatching a weightlifting gold and a world record, to end the Chinese monopoly of the sport in Doha.
Australian paceman Brett Lee has been fined 25 percent of his match fee for excessive appealing during the second Ashes Test against England at Adelaide Oval, the ICC said Monday.
Canada's opposition Liberals jumped six percentage points ahead of the ruling Conservatives, a new poll showed on Monday, after the party picked former environment minister, Stephane Dion, as its new leader.
President Hugo Chavez painted Venezuela the "red, really, red" of his anti-US socialist revolution, sweeping to re-election in Sunday's vote with wins in every state in the Opec heavyweight.
Bangladesh's interim government announced on Monday key changes to the supervision of next month's parliamentary polls after rival political groups exchanged gunfire that killed three and wounded 50.
US troops have sealed off an Iraqi town after militants forced its mayor and entire police force to resign, and residents said the Americans were preventing aid convoys from entering and people from leaving.
Thousands of Somalis chanted anti-American slogans on Monday in protest against a US-backed plan to send foreign peacekeepers to prop up the country's tottering interim government.
A Philippine court found one of four US Marines guilty of raping a Filipino woman inside a van at a former US navy base last year, sentencing the 21-year-old sailor to life in prison for "bestial acts".
US Ambassador to the United Nations John Bolton will step down in the coming days, the White House announced on Monday, unable to overcome Democratic Senate opposition.
A delegation from the US-based Human Rights Watch (HRW) has arrived in Saudi Arabia on the first extensive fact-finding mission by such a group in the conservative Muslim country.
The Philippines fears up to 1,000 people were killed in landslides and floods set off by Typhoon Durian but officials said on Monday that many of the bodies might never be found.
Compensating poultry farmers fast and fairly is central to a global fight against bird flu that is projected to cost an extra $1.2-1.5 billion over the next 2-3 years, international experts said on Monday.
Prime Minister Tony Blair pledged Britain would keep its nuclear arsenal well into the 21st century on Monday, saying it would be unwise and dangerous for it to give up its deterrent unilaterally.
Sterling eased against the dollar on Monday, pausing for breath as the US currency tried to claw back a little of last week's hefty losses which saw the pound hit 14-year highs.
The dollar recovered from an earlier 20-month low against a basket of currencies on Monday as investors locked in profits after shaving more than 3 percent off its value in less than two weeks.
Credit default swaps on Britain's EMI group, the world's third-largest music company, and British airports operator BAA rose on Monday, while the rest of the market marked time at the start of a busy week of US data.
US stocks rose on Monday, sending the S&P 500 index up 1 percent to a six-year high and the Nasdaq up more than 1 percent as lower oil prices and a barrage of corporate deals boosted optimism about the economic outlook.
Britain's FTSE 100 index of leading shares ended up 0.4 percent on Monday, buoyed by cross-sector bid speculation and mining stocks. With base metal prices steady after last week's highs and the dollar rebounding from a 20-month low against the euro, mini
European Monetary Affairs Commissioner Joaquin Almunia said on Monday the euro's exchange rate was not the most important determinant of the health of a eurozone country's exports.
Jefferies Group Inc agreed to pay about $9.7 million to settle charges it lavished $2 million worth of gifts, travel and entertainment to win trading business from mutual fund giant Fidelity, the US Securities and Exchange Commission said on Monday.
Jefferies Group Inc agreed to pay about $9.7 million to settle charges it lavished $2 million worth of gifts, travel and entertainment to win trading business from mutual fund giant Fidelity, the US Securities and Exchange Commission said on Monday.
China will become the world's second largest investor in research and development after the United States this year, the Organisation for Economic Co-operation and Development said Monday.
Cotton futures settled largely easier Monday on sales by small speculators as most players appear to be waiting for release of a pair of government reports this week and next, analysts said.
London refined sugar futures closed lower on producer and trade selling on Monday, and traders focused on Indonesia's announcement of its 2007 white sugar import quota.
Aluminium backed off an earlier three-week high on Monday on the London Metal Exchange as Wednesday's maturing contracts set to create wide price fluctuations, traders said.
Oil prices fell about a dollar on Monday, unwinding steep gains last week that were spurred by mounting expectations of a second Opec supply cut and as colder weather began to eat into US fuel stocks.
Gold erased overnight gains to fall on Monday and silver traded off six-month highs, but analysts said the piling up of weaker US economic data suggested the metals could soon go higher.
Cotton arrivals at the ginneries across the country have been recorded at 8.978 million bales compared to last year's 8.781 million bales till December 01, thus showing a small increase of 2.25 percent in the national production.
Financial Data and Comments: The critical and important data pertaining to the country's banking sector, over the preceding few years, and relevant to this article is appended at the end of this article, Annexure No I. During the two years period, as of D
The stoppage of Karachi Circular Railway (KCR) has created tremendous problems for Karachi's citizens going to work and coming back to home. Karachi is a metropolitan city of the country.
This has reference to the news item, which appeared in your esteemed newspaper on Saturday, 25th November, 2006. We would like to clarify certain facts, which were incorrectly mentioned in your news item:
Mohamed Gad walks barefoot through the muddy tannery, seemingly not bothered by the acrid odours of chemicals and the stink of unprocessed skins. He places piles of shaved leather on a cart, pulls it across the workshop and unloads the lot next to the col
The tax regime is under process of reformation. At this stage it is premature to assess full impact of these reforms. The CBR's officials attribute achieving and surpassing tax targets to these reforms.
The Annual Report released by the State Bank of Pakistan on 2nd December gives a fairly objective assessment of the economic situation during 2005-06 and contains lots of advice of the right kind, for the policy makers of the country to deal properly with
A high level meeting held under the chairmanship of Sindh Governor, Dr Ishrat-ul-Ebad Khan here Monday approved in principle the revival of long pending Karachi Circular Railway.
City Nazim Syed Mustafa Kamal has said the city has huge number of investment opportunities as the city government will provide all necessary facilities to the investors.
The Plasmapheresis project at the Pakistan Institute of Medical Sciences (PIMS) launched in collaboration with the Pakistan Myasthenic Welfare Organisation (PMWO) and supported by Mobilink has achieved good clinical results by treating the patients with f
Sindh Chief Minister, Dr Arbab Ghulam Rahim has said that Circular Railway project will provide added commuting facilities to Karachiites. Talking to media, after a meeting held to discuss KCR project at Chief Minister House which was also attended by Fed
Pakistan Telecommunication Company Limited (PTCL) has regretted inconvenience caused to its valued customers due to malicious cut of under ground cables at Park Road near Chattah Bakhtawar Islamabad side.
Provincial government will spend Rs 840 million on seven model Rescue 1122 centres in Rawalpindi district to provide quick relief in case of mishap. These centres equipped with all modern facilities, to help eradicate crime and provide immediate medical a
The government is all set to start a non-stop train service between Rawalpindi and Peshawar on Tuesday to provide 'inexpensive means of communication', to the people.
Foreign Minister Khurshid Mehmood Kasuri will visit Kabul from 7 to 9 December to discuss holding of Jirgas to activate the traditional institution to bring down violence and promote peace in the border areas of the two countries, Foreign Office spokesper
Work on projects to upgrade nine industrial estates of the province has been started, and funds have been released for this purpose. This was stated by Punjab Industries Minister Ajmal Cheema at a departmental meeting here on Monday.
Provincial Minister for Fisheries Sardar Dariya Khan Gopang has said that fish farming can play an important role in poverty alleviation and economic uplift of farming community, and the government is providing all possible incentives to those associated
The Lahore High Court (LHC) has adjourned the proceedings in a petition filed by a film producer Ghulam Mustafa praying the court to set aside the decision of the Censor Board, cancelling the censor certificate of his film titled "Ye Gonahoo Ka Sheher".
Punjab Minister for Communication and Works Chaudhry Zaheer ud Din Khan has said the government is utilising all available resources for the provision of modern means of communication to the people in the province.
Lahore High Court on Monday adjourned hearing of an execution petition for implementation on a decree passed against Ittefaq Textile Mills and Khalid Siraj Industries, for December 20.
Tevta Special Training Programme (TSTP) launched by Technical Education & Vocational Training Authority (Tevta) is a manifestation of our commitment for the promotion of technical education in the province, said Chairman Tevta Khalid Mahmood.
Those who understand that the elections under the supervision of sitting government would be fair and free are misled or they consciously or unconsciously wanted to prolong the autocratic rule. MNA Mohammad Pervaiz Malik, PML-N central-secretary finance,
Pakistan Muslim League (N) National Assembly member Rana Mehmood-ul-Hassan, former Senator Malik Rafiq Rajwana and Mian Muhammad Zaman have reached London to discuss election strategy with party chief Mian Nawaz Sharif.
The Lahore High Court (LHC) has restrained the excise & taxation department from taking any coercive measures against Pakistan Cricket Board (PCB) for recovery of property tax of Gaddafi Stadium. The court passed these orders in a petition filed by PCB ag
The hearing against about 50 PPP leaders and activists accused of holding a protest demonstration in front of the Parliament House eight years ago will be held on Tuesday in a local court.
Chief Justice of France Guy Canivet has extended an invitation to the Chief Justice of Pakistan (CJP), Justice Iftikhar Muhammad Chaudhry, to pay an official visit to France at an early date.
The Punjab Government informed the Supreme Court on Monday that it has doubled the food budget of jail inmates from Rs 200 million to 400 million. The court had taken suo motu notice on a report about the plight of prisoners in jails.
A record increase in trade deficit, persisting high inflation and sharp rise in loans are major areas of concern as these factors are not only increasing poverty but also multiplying problems of common man.
The University of Veterinary and Animal Sciences (UVAS) Lahore and Nestle Pakistan have signed a memorandum of understanding (MoU) to impart training to master trainers under a project of the UNDP. Vice-chancellor of the university Dr Manzoor Ahmad and ma
Procter and Gamble's partnership with Rural Education and Development Foundation (Read), and establishment of the first seismic compliant school in Gojra, Muzaffarabad was highly appreciated by Raja Zulqarnain Khan, President Azad Jammu and Kashmir as he
A division bench of the Lahore High Court (LHC) while staying all the proceedings initiated in the petition filed by Scottish woman for the custody of her daughter Misbah Irum, has restrained from taking her out of the court jurisdiction.
The national anti-graft authorities had established Special Operation Wing for curbing lower level corruption in the country. The new wing had also been granted special powers like powers of trap, raid and search.
The Supreme Court has observed that the Federal Government should formulate a scheme to assist the poor convicts who have no money to make the payment of Diyyat.
Imtiaz Rastgar, Chief Executive Officer (CEO), Engineering Development Board (EDB) has called upon investors to invest in component manufacturing sector on account of vast investment opportunities.
The City District Nazim Raja Javed Ikhlas has asked Water and Sanitation Agency (Wasa) and Rawal Town Administration, to resolve boundary wall demolition issue amicably as soon as possible.
Sindh Minister for Local Government and Katchi Abadies, Muhmmad Hussain on Monday issued directive for a survey of Katchi Abadies of Korangi to ascertain their status for provision of lease.
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).
Water Asia 2007-the international conference and expo of water technology would be held here at Alhamra Hall Complex on January 9-10, 2007. The conference is being held with the theme of "Water for life and national economy-review of practices".
Global Standard (Pvt) Limited has launched GS water in Pakistan an international standard water purification system. The purification system not only maintains high quality output but it also easy to install.
Provincial metropolis has received light intermittent rain throughout the day on Monday, which has brought down the mercury by 6 Celsius degrees and set the winter in, while more scattered rain was expected during the next 24 hours.
'Every year demand for houses increase by 570,000 units but only 300,000 houses are constructed, therefore, private sector should come forward and play an effective role by launching housing schemes for middle and lower classes side by side with big schem
Federal Minister for Interior Aftab Ahmad Khan Sherpao has denied existence of Taliban headquarter in Quetta saying the law enforcement agencies have arrested over three hundred suspected Afghans in Pakistan.
Pakistan Foundry Association (PFA) will hold the First International Foundry Congress and Exhibition at a local hotel from Tuesday, in collaboration with Engineering Development Board (EDB). Delegates from United Kingdom, Iran, Turkey, India, China, Japan