The annual election of the Karachi Stock Exchange was held here on Thursday to elect five new directors for the next term of 2007. An extraordinary general meeting of the KSE was held to conduct the poll for which a four-member committee was constituted.
The annual election of the Karachi Stock Exchange was held here on Thursday to elect five new directors for the next term of 2007. An extraordinary general meeting of the KSE was held to conduct the poll for which a four-member committee was constituted.
President General Pervez Musharraf on Thursday announced additional funds for development of Balochistan and vowed to do away with past neglect by developing the province to bring it at par with the developed areas.
President General Pervez Musharraf on Thursday announced additional funds for development of Balochistan and vowed to do away with past neglect by developing the province to bring it at par with the developed areas.
President General Pervez Musharraf on Thursday announced additional funds for development of Balochistan and vowed to do away with past neglect by developing the province to bring it at par with the developed areas.
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
With almost six decades of staggering history, the sunshine, with all its exquisiteness, lingering with the aroma of revived freshness seems to have finally dawned in Balochistan, our largest province. It has tread on a path of utmost endeavour, garnished
Business ethics is the branch of ethics that examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are
The energy sector plays a vital role in internal growth of any country. Pakistan is lucky in the sense that adequate indigenous energy reserves were identified and discovered over last decade.
While there is no agreed-upon definition, the World Business Council for Sustainable Development defines Corporate Social Responsibility (CSR as the business commitment and contribution to the quality of life of employees, their families and the local com
Pakistan is blessed with sizeable amounts of natural resources, among which hydrocarbons are very important for national growth and economy. Hydrocarbons are found in certain favourable geological conditions, and are found only in sedimentary basins where
The Bolan Exploration Licence was awarded on 30th November 1994 by the Government of Pakistan. With 35% share holdings in the Bolan Block, in which the Zarghun Gas Filed is located, Mari Gas Company Limited is the operator.
Bolan Joint Venture proudly announces the commencement of development work at its Zarghun Gas Field, located 52 kilometres from Quetta, with the road leading to it traversing around Koh Murdar.
It is matter of immense pleasure for me to extend my heartiest felicitations to the Bolan Joint Venture on the auspicious occasion of Zarghun gas commencement ceremony.
I am delighted to see the commencement of development work at Zarghun Gas Field in Balochistan. The earnest commitment of Bolan Joint Venture is commendable and I hope that the local community can build upon this success to their full benefit.
It is indeed a matter of great honour and pride for me and the entire nation to felicitate Bolan Joint Venture companies on the inauguration of the development work at Zarghun Gas Field. This is indeed a highly significant event, which will pave the way t
It is heartening to find that the Bolan Joint Venture is pursuing the development of Zarghun Gas Field in Balochistan. The Government fully recognises that the Oil and Gas sector is a lynchpin in reducing gap between supply and demand of Pakistan's energy
Japan's Agriculture Ministry said on Thursday it had bought a total of 206,000 tonnes of wheat from the United States, Canada and Australia and 19,000 tonnes of Canadian food barley at a weekly tender. All shipments are scheduled for February, a ministry
Singapore bunker prices rose on Thursday, but the differential to fuel oil cargo values remains soft at a discount of $3-$4 a tonne, traders said on Thursday.
The Karachi Port handled 126,203 tonnes cargo including 102,183 tonnes import and 24,020 tonnes export cargo during last 48 hours ending at 0700 hours on Thursday.
World output of wheat and other major grains fell in 2006, in some cases below expectations, hit by bad weather, with tight supply driving up prices and eroding global stocks, the United Nations food body said on Thursday.
US FOB corn and soyabean export premiums held fairly steady on Wednesday despite a sharp drop in futures prices and weak barge freight, traders said. Wheat futures also tumbled, prompting a tender from Egypt's GASC for up to 60,000 tonnes of wheat for shi
Slow business was seen on the grain market on Thursday as supply was good to meet the demand, dealers said. A solo deal was witnessed on the seed side as the til better type gained Rs 100 to Rs 1350 and inferior type was up by Rs 25 to Rs 1550, dealers sa
Ukraine's sugar refineries have almost completed the 2006 sugar beet processing, producing 2.406 million tonnes of white sugar from 19.82 million of beet so far, the Ukrtsukor sugar union said on Thursday.
US spot corn basis bids were steady to firm on Wednesday and soyabean basis bids were mostly steady as lower futures prices discouraged much farmer selling, grain merchants said.
Wheat futures at the Chicago Board of Trade fell more than 4 percent on Wednesday on profit-taking, bearish input from outside markets and concerns over the state of US wheat export sales to Iraq and Egypt, traders said.
Thai rice was quoted higher on Thursday due to the strong baht and prices were expected to remain high over the next few weeks, dampening trade, traders said. Thai 100 percent white rice B grade was offered at $315 per tonne, free on board, up from $308 p
The January vaida was unchanged on the forward cottonseed oilcake market on Thursday as most of the buyers were cautious, dealers said. The January vaida was unchanged at Rs 687.00. Later it gained 80 paisa to be day's best at Rs 687.80 and market settled
Prices remained firm on the cotton market on Thursday as spinners made panic buying of fine types despite the higher prices, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2,525, without upcountry expenses.
Lint prices continued to consolidate this week following widespread rains throughout the cotton belt on last Sunday and Monday. as a result of sizeable rains received in both Sindh and Punjab, besides most other parts of the country, cotton ginning was in
Lint prices continued to consolidate this week following widespread rains throughout the cotton belt on last Sunday and Monday. as a result of sizeable rains received in both Sindh and Punjab, besides most other parts of the country, cotton ginning was in
The US Agriculture Department will hold a public meeting on December 12 to consider a petition from Hormel Foods Corp that asked the agency to establish more stringent guidelines for the word "natural" used on many food product labels.
Spring wheat futures on the Minneapolis Grain Exchange fell 3 percent on Wednesday on year-end profit-taking by investment funds, traders said. MGE wheat closed unchanged to 16-1/4 cents per bushel lower, with December down 14-1/2 at $4.92 per bushel.
US benchmark March cocoa futures settled mildly higher on Wednesday, after speculative buying buoyed values from the session's lows pressured by the strengthening dollar, traders said.
US arabica coffee futures settled lower in choppy trading on Wednesday as the market consolidated after benchmark March soared up a 10-month peak yesterday. "Some of it is just, people don't know what to do. It's relatively high but there's potential to g
Copper futures in New York ended near their session lows on Wednesday, back-pedalling from three-week highs reached the previous session. The lack of underlying fund support allowed locals to push the lower end of the day's range, floor dealers said. "I r
US gold accelerated losses to end lower for the second straight session on Wednesday as the dollar strengthened and funds cut losses after the metal fell below technical supports.
The key Tokyo gold futures contract fell for a fourth session on Wednesday, losing 1.5 percent after a recovery in the dollar helped send the metal's spot price to a two-week low. A rise in the dollar is negative for the dollar-based spot gold price as it
Gold extended losses and hit its lowest level in two weeks on Thursday after the dollar strengthened on upbeat US job growth data. Platinum hit a five-week low with selling in Japanese futures further weighing on sentiments, while silver hovered below a s
Soaring prices for corn as the ethanol sector expands will prompt US farmers to squeeze as many bushels as possible from every acre next year, and that premium on yield could boost on-farm storage needs, a grain company official said on Wednesday.
Oil held steady at above $62 a barrel for a third day on Thursday as forecasts for weaker fuel demand during mild weekend weather took the sting out of an unexpected drop in crude stocks in the world's top consumer.
Shanghai copper contracts fell around 1.4 percent on Thursday, tracking losses on London prices, which extended declines from the previous session as concerns about falling US demand weighed on the market.
Chocolate makers are well covered ahead of Christmas and may have bought enough butter for the first quarter of 2007, leaving grinders in Southeast Asia with mounting stocks of ingredients, dealers said on Thursday.
Raw sugar futures settled at a two-week low on Wednesday on a flurry of speculative sales and the poor tone of the market may lead to further losses in the days ahead, brokers said. The New York Board of Trade's March raw sugar contract slumped 0.27 cent,
The Chicago Board of Trade soyabean market fell on Wednesday on year-end profit taking, but recovered from its lows after it slipped to a double bottom, traders said. January soyabeans were 3 cents lower at $6.61-1/4 per bushel by 10:55 am CST (1655 GMT),
Chicago Board of Trade rough rice futures closed lower on Wednesday on follow-through technical selling amid a lack of fresh news, traders said. "It was just continued selling from yesterday," said one rice broker. The market was technically weak, falling
Tokyo rubber futures were little changed in slow trades on Thursday, with investors divided over the outlook for rubber supply. While the world's No 1 and No 2 natural rubber producers Thailand and Indonesia have shown their intention this week to curb ex
Malaysian crude palm oil futures closed marginally lower on Thursday, as prices of rival soyaoil declined on the Chicago Board of Trade. Dealers said the market was awaiting comments from Dorab Mistry, a leading palm oil analyst, who is due to speak on Fr
Delta Air Lines Inc said on Thursday it will sell 38 Boeing Co airplanes after delivery as part of its bankruptcy, but that it will order 10 more planes and convert an existing order of five planes to longer-range aircraft to match its restructuring plans
Britain's corporate 'debt bubble' will burst in 2008 as overleveraged companies grapple with debt payments while consumer confidence is likely to fall, experts said at a conference on Wednesday.
The number of US workers seeking first-time jobless claims plunged last week, as expected, after surging the prior week during the start of the holiday season, a government report showed on Thursday.
UN agencies appealed on Thursday for donors to provide $453.6 million in emergency humanitarian funds for the Palestinian territories next year as poverty deepens amid a financial crisis.
The Bank of England kept interest rates steady at 5.0 percent on Thursday and economists are divided over whether borrowing costs will need to rise again next year. All 50 economists polled by Reuters last week had predicted the Bank's Monetary Policy Com
The European Central Bank raised interest rates to a five-year high on Thursday and said it will keep a very close eye on price risks, leaving the door open for further tightening but giving no clear indication on when.
China's policy makers will work to engineer stable yet rapid economic growth in 2007 by beefing up their macroeconomic control measures, according to the conclusions of an annual work meeting published on Thursday.
China next week hosts a wide-ranging summit of US and Asian energy ministers that will boost the energy profile of the world's number-two oil consumer as it seeks greater leverage over crude prices.
Russia stepped up pressure on Royal Dutch/Shell's Sakhalin-2 venture on Thursday by saying it had suspended water permits in a move that could cause further delays to the $22 billion project.
Russia's resources ministry said in a statement its water resou
Western nations should come to terms with the rise of Asian economies and global institutions must change to accomodate a new power balance, Indian Prime Minister Manmohan Singh said on Thursday.
Struggling free trade talks between the United States and its long-time ally South Korea hit a new snag on Wednesday over US anti-dumping laws, which Seoul believes are unfairly applied to its products.
Europe's Airbus said Thursday it would hike investment in India to at least one billion dollars as it forecast the country would need 1,100 new planes over 20 years to meet soaring travel demand.
Hotels providing guests with ambient music and TV programmes via television sets in their rooms should pay royalties, the European Union's top court ruled on Thursday.
Nearly half of Indonesia's 220 million people live on less than $2 a day despite government strides in tackling poverty, the World Bank said on Thursday.
Taiwan shares ended flat on Thursday, even as Cathay Financial and other financial firms rose on investor enthusiasm amid huge foreign fund flows into the Taiwan market. The main TAIEX share index edged down 0.09 percent to close at 7,686.52 points, pulli
Malaysian share prices closed flat on Thursday in cautious trade after the release of weaker-than-expected October industrial output data, dealers said.
Hong Kong stocks slid 0.96 percent on Thursday, ending three straight sessions of gains, as China Mobile slipped following a major shareholder's sale of US $147 million of the company's stock.
US stocks fell on Wednesday as concerns about the outlook for software maker Oracle Corp hit technology shares and investors worried that November job growth could discourage the Federal Reserve from cutting interest rates any time soon.
Indian share prices closed at a fifth straight record high on Thursday, edging ahead in choppy trade as the market faced strong resistance in getting through the key 14,000 points level, dealers said. The benchmark 30-share Mumbai stock exchange Sensex in
US Treasury debt prices retreated on Wednesday after private reports suggested November job growth would top Wall Street estimates and hinted at some stabilisation in the closely-watched housing market.
US Treasury debt prices retreated on Wednesday after private reports suggested November job growth would top Wall Street estimates and hinted at some stabilisation in the closely-watched housing market.
Philippines share prices closed flat on Thursday as the market continued in a narrow range consolidation after this year's sustained gains back to nine-year highs, dealers said.
Indonesian share prices closed 0.13 percent lower on Thursday as profit-taking in major stocks led by Telkom and Astra International offset gains in the broader market, dealers said.
Singapore share prices closed up 0.23 percent on Thursday but were off a record intra-day high after early gains were led by blue chip Singapore Telecommunications, dealers said. They said a correction at this stage would be healthy after the recent recor
The Nikkei average rose 0.62 percent to its highest close in six weeks on Thursday as Japan Tobacco Inc jumped almost 5 percent and exporters such as Canon Inc rose on a softer yen. The Nikkei also drew support from the futures market, where the December
Thai share prices closed little changed on Thursday, with sentiment sluggish due to a lack of new leads, dealers said. The Stock Exchange of Thailand (SET) composite index fell 0.62 points to 745.54 and the blue chip SET 50 index lost 0.71 points to 522.0
The Swiss franc firmed against the dollar but was barely changed against the euro as investors braced for a likely rate rise by the European central Bank later on Thursday.
China's yuan weakened slightly against the dollar on Thursday as the US currency staged a rebound against most global currencies after solid November job data in the United States.
The dollar slipped on Thursday ahead of what is widely expected to be a rate rise by the European Central Bank later in the day as investors waited to see if it would suggest rates had further to climb.
The dollar rose across the board on Wednesday after a report showed the US private sector created more jobs than expected last month, leading some to conclude the broader labour market remained resilient.
Interbank buy/sell rates for the taka against the dollar on Thursday. 69.60/69.83 (previous 69.50/70.85). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
The South Korean won rose to a fresh nine-year high on Thursday on sustained selling of dollars by exporters, despite more verbal intervention by the authorities to cap the currency.
The Hong Kong dollar recouped early losses to end higher on Thursday as some players liquidated their long US dollar positions in the afternoon. The currency was trading at 7.7667/68 against the US dollar, off a morning low of 7.7695, firmer than Wednesda
South Korea's Kim Hyung-chil died after being crushed by his horse in a heavy fall at the Asian Games equestrian event on Thursday. In atrocious weather conditions, Kim's horse Bundaberg Black rolled over him after a fall at fence No 8 in the individual c
Farman Ali, the elder brother of star batsman and vice captain of Pakistan cricket team Younis Khan passed away in Frankfurt, Germany. He was 37. Farman was in Germany for the last 14 years in connection with hotel business and was suffering from stomach
China moved closer to their first ever appearance in the semi-finals of the Asian Games men's field hockey with a 4-1 drubbing of Bangladesh here on Thursday. Defending champions South Korea made light of the rain and gusty winds to thrash lowly Oman 10-0
China seized control of the Asian Games table tennis Thursday, fending off attacks from Hong Kong and South Korea to win another three gold medals. With three titles already secure, Chinese world number four Wang Hao charged over team-mate and world numbe
New Zealand comfortably controlled the opening day of the first cricket Test against Sri Lanka here Thursday after being gifted first use of the ball on a bowler's wicket. At stumps they were 85 for two after dismissing Sri Lanka for 154.
Pakistan skipper Inzamamul Haq capped his return with an uncharacteristic unbeaten 42 to help his side beat the West Indies by two wickets in the second one-day international here on Thursday.
One week after typhoon-spawned killer mudslides ravaged the eastern Philippines, dead bodies continued to wash onto the shores of coastal villages as heavy rains hampered rescue and relief efforts on Thursday.
Pope Benedict XVI's first full year as head of the Roman Catholic Church has been a rollercoaster ride in which he unwittingly became an antagonist in the "clash of civilisations" between East and West.
Somalia's powerful religious group on Thursday warned that a UN Security Council decision to deploy peacekeepers will multiply "the number of graves" in the country as it threatened to step up a conflict against the weak Somali government.