US copper futures hovered just under contract highs at the open Friday, with record lows in the dollar and quarter-end investment buying extending the industrial metal's bull run, analysts said.
Gold futures surged above $750 an ounce and other precious metals likewise rallied early in New York Friday, boosted by the dollar's drop to record lows against the euro and major currencies.
The Alhamra Arts Centre and the Alhamra Cultural Complex, functioning under the Lahore Arts Council (LAC) are being upgraded while a new facility will also be established at the bank of River Ravi, said Punjab Minister for Culture, Chaudhry Shaukat Ali Bh
The Additional Postmaster-General, Central Punjab, Rubina Tayyab, on Friday suspended three officials of Pakistan Post Office here in Lahore city for inordinate delay in the delivery of mail. Talking to APP, she said that during a preliminary enquiry, ini
Small and Medium Enterprise Development Authority (Smeda) Chief Executive Officer Shahid Rashid has requested the Japan International Cooperation Agency (JICA) to provide more experts for the joint programme of Smeda and JICA to improve efficiency of the
The politicians, including Benazir Bhutto, claim that they could not deliver during 1990-99 era because entire power did not vest in them but instead they had to share the power with the armed forces.
Nowadays KESC is in serious crisis in all aspects. The situation is worse not only about power generation and distribution but also at the administrative level.
Lucky fat ladies, porcelain pigs, ceramic musicians and giant Buddhas are crammed into Hong Kong's antique boutiques, but some experts, backed by Chinese law, say many of them shouldn't be here at all. By a curious twist of history and geopolitics, Hong K
With cinemas closed, the theatre dead and an entertainment-killing curfew in force every night, Iraqis are returning to one of their more ancient traditions - making music in the home. Music teachers and instrument shop owners say that young Iraqis, bored
The current situation of the financial sector in the country is that its penetration is too low when compared with the regional countries. The number of people per bank branch in Pakistan is 20,450. In other regional countries, this ratio is: India 15864,
Those who had expected that President Ahmedinejad would be less than a fully fired-up patriotic leader of Iran during his visit to the United Nations this week, were hugely disappointed. Of course, nothing was spared to browbeat him, right from his arriva
The annual deficit sustained by Kesc has touched the figure of Rs 12 billion, which is around 70 percent higher than the loss it had suffered in the last financial year, says a Recorder Report quoting the data presented at a recent Board of Directo
A special exhibition on rare Quran manuscript has been arranged at the National Museum of Pakistan, Karachi. An announcement here on Friday said that in this exhibition, rarest copies of the Holy Quran are displayed for the public.
Federal Minister for Railways, Sheikh Rashid Ahmed welcoming the decision of the Supreme court urged the opposition to accept the decision with open heart, showing political wisdom and sagacity. Talking to PTV, he said that the decision of the Supreme Cou
A high level meeting held here on Friday to review the reconstruction process being carried out in the quake-hit areas of Azad Jammu and Kashmir (AJK).
The government has completely politicised the distribution of Khushal Pakistan Programme (KPP II) and Khushal Pakistan Fund (KPF) allocations, and the concerned authorities including the Planning Commission have turned a blind eye to this malpractice.
Former Chief Justice, Peshawar High Court (PHC) Abne Ali on Friday announced joining Pakistan People's Party Parliamentarian (PPP-P) after expressing confidence in the central and provincial leaderships of the party.
Pakistan Peoples' Party Parliamentarian (PPPP) NWFP chapter has rejected the dissolution of NWFP Assembly arguing that since PPPP has nominated Makhdoom Amin Fahim for presidential slot therefore PPPP members would not quit the NWFP Assembly.
Pakistan Muslim League-Nawaz (PML-N) MPAs have handed over their resignations to the deputy leader of opposition in Punjab Assembly, Sanaullah, denouncing President General Pervez Musharraf as presidential candidate.
The Administrator of the United States Drug Enforcement Agency (DEA), Karen P Tandy, on Friday described Pakistan's stand against drug as "a success story in the global war on drugs" and labelled Pakistan as "America's vital ally on anti-drug efforts."
Malakand-III hydropower project is near completion and would be functional by January 2008, SHYDO sources said here Friday. The mega hydel power project is being completed at a cost of six billion rupees, he said, adding, 97 percent works on the project h
The Federal Minister for Information and Broadcasting, Muhammad Ali Durrani on Friday has termed the Supreme Court verdict in the dual office case "a triumph of law, justice and principles." The Minister congratulated President General Pervez Musharraf, P
More than 800 profiteers had been fined Rs 200,000 for over-charging and not displaying rate list prominently during the current month, said Chief Commissioner Islamabad, Hamid Ali Khan. He said the drive against profiteering would continue in the federal
Unauthorised person would not be allowed to enter the premises of the Election Commission Secretariat on September 29, on the day of scrutiny of nomination papers for the presidential election.
The Prime Minister, Shaukat Aziz has warned that no one will be allowed to prevent the voters from polling in the October 6 Presidential election and the government would ensure a smooth process to effected on the day.
The City District Government of Karachi (CDGK), while taking strict action against sale of wheat flour on higher prices, imposed fines of Rs 165, 500 on 56 outlets on Friday. The special magistrates have been assigned the powers to take punitive action ag
Despite condemnation of corporal punishment in many countries by various human rights organisations it is still practised legally. According to a study, presented to the UN General Assembly by the World Health Organisation, corporal punishment is permissi
The University of Karachi (KU) has informed the failure candidates of Federal Government Urdu Science College and Jinnah Post Graduate College for women that the forms and fee for the M.Sc. (Previous and Final) Annual Examination 2006 will be accepted up
A Gulf-based company will construct first ever seven-star hotel in Karachi at Shahra-e- Faisal very soon with a grand investment of around one billion dollars. Business Recorder learnt this by well-informed sources of Sindh Planning and Development
The City District Government Karachi (CDGK) is likely to award contracts for the installation of five compressed natural gas (CNG) filling terminals with a view to facilitating the operator of CNG buses in the metropolis.
Some new departments and renovated OPDs at Sindh Government Hospital, Liaquatabad were inaugurated by Haq Parast Member of Provincial Assembly Aarheena Ambreen at a ceremony on Friday. The establishment of new departments and renovation of OPD could becom
Overflowing sewage water has caused extreme difficulties to the normal movement of pedestrians, vehicular traffic and also the movement of residents living in various areas of the city, reports UPP correspondent.
Karachi Medical and Dental College (KMDC) here on Friday announced that the Entrance test forms with prospectus for MBBS and BDS are available at the college till Saturday from 9:00 am to 1:00 pm. It was also stated that the last date for submission of th
The profit after tax of Ghani Glass Limited has declined to Rs 402.379 million in the year ending June 30 as compared to Rs 485.043 million in the corresponding period last year. The company's earning per share stood at Rs 5.03 in the period under review
The profit after tax of Ghani Glass Limited has declined to Rs 402.379 million in the year ending June 30 as compared to Rs 485.043 million in the corresponding period last year. The company's earning per share stood at Rs 5.03 in the period under review
The name of Arif Habib Rupali Bank has been changed to Arif Habib Rupali Bank Limited. In exercise of the powers conferred on State Bank of Pakistan (SBP) by clause of sub-section (2) of Section 37 of the SBP Act, 1956, SBP has notified that the name of "
The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term rating to "A+" (Single A plus) while maintaining the short-term rating at "A1" (A One) of Azgard Nine Limited (ANL). These ratings denote a low expectation of credit risk emanating from
The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term rating to "A+" (Single A plus) while maintaining the short-term rating at "A1" (A One) of Azgard Nine Limited (ANL). These ratings denote a low expectation of credit risk emanating from
Sindh Excise and Taxation (E&T) Department has surpassed the set target of Rs 1597.133 during the second month of current financial year 2007-08 under different heads of duties and taxes.
City lawyers showed mixed reaction on the nomination of a former chief justice of Sindh High Court, Wajihuddin Ahmed, as lawyers' presidential candidate, terming it as a first step towards the liberalisation of democracy in Pakistan.
The Lahore High Court on Friday adjourned till October 1 the hearing of a petition filed by a French national Pakistani Muhammad Ashfaq challenging harassment on part of her former French wife and police.
Punjab Chief Minister Pervaiz Elahi has said the Sino-Pak ties in the economic, industrial and agricultural sectors are based on solid foundations and are strengthening with the passage of time.
President Pervez Musharraf on Friday appointed three Additional Judges of the Peshawar High Court (PHC) with effect from the date their present term expires. The Additional Judges include Justice Raj Muhammad Khan, Justice Said Maroof Khan and Justice Ham
Chinese Ambassador Luo Zhao Hui has said the Chinese people are proud of Pakistani friendship and Sino-Pak ties are 'model' for the world. The Ambassador was speaking as a chief guest at an Iftar dinner hosted by Chinese Students Union at the Internationa
The Agri Forum Pakistan has urged the government to bring DAP fertiliser rate to Rs 925 per bag as increase in the prices of this fertiliser will affect coming wheat crop.
Riphah International University has established a medical unit with eight faculties in United Arab Emirates (UAE) in collaboration with Ras-Al-Khaimah Medical and Health Sciences University. The Government of UAE has endorsed the accreditation of the univ
MOL Pakistan an Oil and Gas Co BV has announced the names of successful students who have qualified for the award of scholarships to be provided by the company for continuing their higher education.
Pakistani students are welcomed to China for their studies as Chinese wish speedy progress for Pakistan in all spheres of life. The Ambassador of the People's Republic of China to Pakistan, Luo Zhao Hui said this on Chinese national day organised by Chine
In spite of the ban imposed by the Drugs Registration Board on manufacturing and sale of Incidal-Neo, the manufactures are vigorously promoting the medicine which resembles the brand name, Incidal.
President General Pervez Musharraf and Prime Minister Shaukat Aziz on Friday hailed Supreme Court's decision dismissing petitions to bar the President from contesting the October 6 poll, for holding dual offices.
The Lahore High Court has issued notices to District Police Officer Sargodha on a contempt petition of Cantonment Board Sargodha and directed him to explain as to why he did not implemented an order of Additional District and Sessions Judge.
Justice Nadeem Azhar Siddiqui of Sindh High Court Friday ordered Federal Defence Secretary to submit result of inquiry regarding Multan Fokker crash in sealed cover.
A division bench of Balochistan High Court has summoned the concerned official of Environmental Protection Agency (EPA) Islamabad on November 7, 2007 and ordered him to come up with the report suggesting installation of dust cleaners on Chimneys, which ar
Pakistan Telecommunication Authority (PTA) has deposited Rs 1.2 billion with the AJ&K Council and NAs Secretariat on account of Initial License Fee (ILF) charged from four mobile operators who were issued licenses for service delivery in these areas.
Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Members of the ruling coalition in the Sindh Province have very warmly welcomed the decision of the Supreme Court on the dual-offices by President Pervez Musharraf and his contesting the presidential election in Uniform.
The Federal Government did not take the Ministry of Food, Agriculture and Livestock into confidence before taking the decision to import one million tons wheat as more than 3.5 million tons wheat is lying in the godowns of the hoarders, and Passco also ha
The alarming decline in hosiery exports may also result in grinding halt if immediate remedial steps were not taken to bail out the crisis-ridden textile sector. This was stated by Naeem Ahmad, Vice Chairman, Pakistan Hosiery Manufacturers Association (No
Flights schedule was badly disturbed Friday morning due to poor visibility at the Multan airport, PIA officials told APP. As a result of low visibility, PK-330 flight coming from Karachi at 0855 hours could not reach Multan. Consequently, the return fligh
Half-hearted attempts to solve textile crisis would be detrimental to national economy, said Pakistan Textile Exporters Association (PTEA) Chairman Zahid Aslam. Talking to newsmen, he said that closure of spinning units and five percent decline in textile
The district nazim imposed a ban with immediate effect on lifting farm produce from the fields before paying due share to the landlord, here on Friday under section 144 CrPC. DN Ahmed Yar Haraj in his directive said the step had been taken to avoid disput
Provincial government is spending more than five billion rupees on the construction of farm-to-market roads in rural areas of Punjab. Official sources told newsmen here on Friday that with this development rural areas would be linked with their respective
Asian Development Bank has prepared Administration Memorandum (PAM) to assist the Pakistan in the implementation of the Multitranche Financing Facility Punjab Irrigated Agriculture Investment Programme, for which ADB's Board of Directors approved a loan f
A modern and state-of-the-art wheat analytical laboratory would be established at the Ayub Agricultural Research Institute (AARI) for complete and detailed analysis of wheat, said Wheat Research Institute Director Dr Makhdoom Ahmad.
A division bench of Sindh High Court comprising Chief Justice Sabihuddin Ahmed and Justice Faisal Arab on Friday disposed of former Prime Minister Benazir Bhutto's petition seeking permission to import a bullet-proof car for her use observing it as infruc
The Livestock and Dairy Development Board (LDDB) and the Punjab government will sign a Memorandum of Understanding (MoU) to strengthen a progeny testing programme in the province.
In the absence of any mechanism to monitor drinking water quality, approximately 2000 million gallons of sewage enter surface water bodies every day in Pakistan, Business Recorder learnt here on Friday.
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).
Members of Parliament and Provincial Assemblies are required to submit yearly statement of assets and liability in respect of their own as well as of their spouses and dependants by 30th September. Chief Election Commissioner Qazi Muhammad Farooq issued t
To address the environmental impact of the earthquake such as curtailing land-sliding to restore productivity of the eroded hills, UN Food and Agriculture Organisation (FAO) and Erra jointly organised three multi-stakeholder orientation workshops on 'Coll
Lahore Stock Exchange (LSE) Chairman Hamash Khan has said demutualisation of the stock market will be completed by December since they have sent all the requirements to the Security and Exchange Commission of Pakistan (SECP).
Pakistan Muslim League (N) on Friday refused to attending the meeting of Alliance for Restoration of Democracy (ARD), leaving PPP alone as a major component of the multi-party alliance. The meeting held here with Makhdoom Amin Fahim in the chair was atten
The former Prime Minister Nawaz Sharif would return soon after the Eid-ul-Fitr, Hamza Shahbaz Sharif said here while talking to media persons outside Supreme Court building. When asked about the exact date, he was reluctant to give any, however, he said,
The leader of the Opposition in the National Assembly, Maulana Fazl-ur-Rehman has said that Pakistan wants peaceful resolution of all the problems confronting the world and believes that war or use of force was no solution to any problem.
Pakistan with the collaboration of Germany, would start first phase of National Blood Transfusion Service (NBTS) in the country from January 15, 2008, sources told Business Recorder on Friday. Sources said that Government of Germany has provided a
Students of the seminary adjacent to the Lal Masjid on Friday vowed to offer the last Juma prayer of Ramazan 'Jumatul Wida' in the mosque, which has been closed for the last three months after launching of 'operation silence' to end stand off between stud
The Karachi Electric Supply Corporation (KESC) and Siemens signed a contract for equivalent of Rs 885 million for the construction of a 220kV GIS substation at Korangi.
Karachiites kept suffering from prolonged power outages on Friday also as Karachi Electric Supply Corporation (KESC) has failed to rectify faulty units of its plants in Korangi and Bin Qasim towns.
The National Assembly Standing Committee on Industries, Production and Special Initiatives here on Friday urged the government to make arrangement for import of one million tones of wheat urgently to overcome the wheat-flour crisis in the country.
A roadside bomb hit a convoy of security forces on Friday in Tank, which killed four soldiers and wounded 12 others. The convoy was travelling between the towns of Tank and Dera Ismail Khan when it came under attack, Inter Services Public Relation (ISPR)