Cotton futures closed higher Tuesday on modest buying by small speculators and switch trade as investors moved positions out of the spot contract before going into deliveries next week, brokers said. ICE Futures open-outcry December cotton rose 0.02 cent
Copper ended down 1.6 percent on Tuesday after failing to hold $7,000 per tonne and in anticipation of further stock inflows on the back of easing demand from China, traders and analysts said.
Gold bounced back to trade above $800 on Tuesday after hitting a one-week low in Asian trade, as bargain-hunters resurfaced and a weaker dollar helped the metal.
US cocoa futures were slightly higher in early trade on Tuesday and Arabica coffee rose on technical dealings, traders said. Cocoa was a shade stronger in quiet trading on contract rollover and a stronger dollar, traders said.
Raw sugar futures sagged in early dealings on Tuesday after an early bout of fund buying stalled and the market was hit by speculative pressure, brokers said. ICE Futures electronic March sugar contract was down 0.04 cent at 9.92 cents per lb at 9:22 am E
Wheat futures on the Chicago Board of Trade were called to open 2 to 4 cents lower on Tuesday following a weaker trend in overnight trade and a lack of supportive news, traders said.
Corn futures at the Chicago Board of Trade were expected to open 2 to 3 cents per bushel higher on Tuesday in a technical recovery from Monday's sharp losses and spillover support from soyabeans, traders said.
Soyabean futures at the Chicago Board of Trade were called to open 10 to 12 cents per bushel higher on Tuesday on technical strength and continued Chinese demand for US soya, traders said. Soya products were also called higher, with CBOT soyameal futures
US copper futures surrendered morning gains on Tuesday, as lingering concerns about slowing economic growth and its effect on demand continued to keep the metal's upside in check, brokers and analysts said.
US gold futures trimmed early losses on Tuesday to turn higher on short covering and strong dealer buying as the dollar lost ground, only to be hit again when some players exited at higher levels, traders said.
Punjab, Haryana and Delhi Chamber of Commerce and Industry (PHDCCI) has invited Pakistani business community to participate in five-day PHDCCI international trade expo (ITEX). The trade fair is being organised by PHDCCI, in collaboration with the Indian P
While listening to a news on PTV the other day, I heard President General Pervez Musharraf saying that he has asked Prime Minister Shaukat Aziz to ensure that prices of all items at the Utility Stores throughout the country are reasonably reduced forthwit
It is heartening to note that a presidential ordinance is on the anvil targeting the boarders and profiteers to rid the people at large regarding soaring prices of essential articles.
It is heartening to observe that a number of recent articles in certain foreign publications have made an encouraging note of Pakistan's nascent IT industry showing tremendous progress - despite certain challenges - the foremost among them being the worry
Let there be no doubt that the weather is changing - and in more ways than one. Whether we like it or not, the seasons are changing and the year 2007 is gradually (and I hope gracefully) moving towards the finale. Even though nostalgia is evoked by season
The Government of Pakistan has invited, by December 10, 2007, the Expression of Interest (EOIs), from prospective investors for the sale of maximum shares, alongwith management control, of Pakistan Machine Tool Factory (Pvt) Ltd, (PMTF) Karachi.
Over the last week as the government was seized of political developments, the mountainous valley of Swat seemed to have passed under the suzerainty of rebel cleric Maulana Fazlullah. By Thursday, his Taliban militants had captured, up in the north, the p
While E-filing of tax returns by large business houses and corporate entities has indeed made it relatively easier, and quicker, to file returns, the new system has also generated the problem of widespread non-compliance with the laid-down procedural para
Pakistan Manpower Institute (PMI) has organised a training course on "Labour marketing information and employment" here on Tuesday. The main objective of the training course was to upgrade skills of the participants and expose them to latest tools and tec
Representatives of the United States Agency for International Development (USAID) handed over critical information technology equipment to the Secretary of the Provincial Assembly on Tuesday. Hassan Baroudy, Acting Director of the USAID-Pakistan Office of
Efforts are being made to finalise the modalities of land acquisition with Capital Development Authority (CDA) and subsequent development of the much awaited Sector F-12 for the federal government employees.
A new state-of-the-art 'Trailer Suction Hopper Dredger' (TSHD) joined the fleet of Karachi Port Trust (KPT) on Tuesday, and has been named 'Abul'. The dredger, procured by the KPT at a cost of 50.73 million euros from Netherlands. The journey from Netherl
The One-day workshop on importance of e-Library was organised by Mehran University of engineering and Technology (Muet), Jamshoro in collaboration with Higher Education Commission (HEC) on Tuesday. The workshop highlighted the need of creating awareness o
Tariq Ikram, Minister of State and Chief Executive of Trade Development Authority of Pakistan will inaugurate Pakistani stall at India International Trade Fair, 2007 here on Wednesday. The industrial fair, which is being participated by 64 exhibitors will
President College of Physicians and Surgeons of Pakistan Professor Zafarullah Chaudhry here on Tuesday appreciated the trend to develop community-oriented medical syllabus in the country. He was addressing a new batch of students of medicine, dentistry, p
A National Database and Registration Authority (Nadra) surgery organised by the Pakistan High Commission in the north London district of Hemel Hempstead attracted a large number of people who were issued various Nadra forms. The five-hour surgery was held
Following the termination of operation and management (O&M) agreement with Siemens, the Karachi Electric Supply Corporation (KESC) has devised a new strategy to enhance the power generation capacity of its Bin Qasim power station from 1000 MW to 1200 MW.
E-filing of income tax returns by the corporate sector was made mandatory through the Finance Act 2007 in order to promote voluntary compliance. Accordingly, in line with the vision of the chairman FBR, a well-focused strategy was adopted to facilitate vo
The skyrocketing prices of cotton yarn have brought the productions in some 150 industrial units of the hosiery sector to a complete standstill, causing million of rupees losses everyday, hosiery manufacturers said on Tuesday.
Senior advocate and former President of Sindh High Court Bar Association Abdul Hafeez Lakho was arrested on Tuesday afternoon at the gate of high court building. The police arrested Lakho soon as he left the main building of SHC after addressing the gener
Italy will provide technical and marketing assistance to Pakistan for enhancing quality and standard of its value-added textile products. This was said by Italian Trade Commissioner Dr Marco Pintus at a meeting with the members of the Pakistan Hosiery Man
Despite being 22 years old South Asian Association for Regional Cooperation (Saarc) has yet to come of age and take the members countries out of the hopelessness that its failure to achieve its objectives has brought to them.
Despite warnings from European Union and other countries that export orders from Pakistan could be affected if environmental standards are not complied with, the federal government as well as industrial sector have yet to make any serious effort for setti
The obtaining situation in the Province was reviewed at a meeting held under the chairmanship of Sindh Governor, Dr Ishrat-ul-Ibad Khan at Governor House here on Tuesday. It was decided on the occasion that all possible steps would be ensured for normal d
Karachi Stock Exchange (KSE) has advised all non-broker clearing members (NBCM) to complete the required formalities to avail of the facility of IDS functionality of the National Clearing and Settlement System (NCSS) after the implementation of Financial
The Russian Federation and Iran are emerging leading markets for Pakistan's kinnow, while a sizeable quantity also passes on to CIS countries through Afghanistan, according to Agribusiness Support Fund (ASF) annual report 2006-07, available here on Tuesda
The GC University in Lahore has received a 2MV Pelletron Accelerator, which is in the process of installation at its centre for advanced studies in Physics being supervised by foreign and GCU experts. The accelerator has been purchased from USA by the fun
Labour Party leaders Farooq Tariq Mueen Nawaz, Nazly Jawaid and Muhammad Afzal Saroya have condemned the ruler's aggression against various political parties and the illegal arrest of workers throughout the country.
Provincial Ombudsman Abdur Rashid Khan has ordered the Boards of Intermediate and Secondary Education (Bise) to rationalise rules of correction in the personal records of students and also reduce the fee fixed for this purpose.
Around 20 Bollywood movies are set to hit the screens in Pakistani cinemas in the coming days, Indian media reported on Tuesday. 'Awarapan' was the first bollywood film to have a premire in Pakistan in June this year.
16 Wapda employees including Junior Engineer/SDO serving in various wings have been served final show cause notices for dismissal from service, under the removal from service ordinance, on the charges of misconduct and wilful absence from duty.
A delegation of Women Action Forum (WAF) met the deposed Chief Justice Peshawar High Court (PHC), Justice Tariq Pervez at his residence on Monday to pay tributes and express solidarity with him and all those judges of the superior courts who refused oath
The Ministry of Environment has decided to launch a new website on the complaints of stakeholders searching data for research and other purposes, sources told Business Recorder on Tuesday. "The new website is being designed and hopefully would be l
Political parties on Tuesday held sporadic protest demos against the imposition of the state of emergency and suspension of the constitution by President General Pervez Musharraf.
The government of NWFP on Tuesday constituted a committee to identify long and short-term measures for improvement in the land revenue system in the province. NWFP Caretaker Chief Minister Shams-ul-Mulk stated this while addressing the participants of a p
Senate Chairman Mohammedmian Soomro has condoled the death of the wife of Pir Elahi Bakhsh. Pir Bakhsh is a leading figure of the Pakistan Movement, and remained provincial minister in the cabinet of Sir Ghulam Hidayetullah, and a former Chief Minister of
Harmful chemicals such as toluene, potassium permanganate and methyl ethyl ketene were freely obtainable in the market and yet the narcotics control has done nothing to stop their open sale or maintain check on importers of these chemicals which go in the
The concept of Public-Private Partnership in Pakistan (PPP) has proved successful in developing the economy and we have to take further measures for strengthening this system, said Kokio Tamaki, Representative of the Japan External Trade Organisation (Jet
In order to discuss all election-related matters, the Chief Election Commissioner (CEC) has convened a meeting here on Wednesday. Election Commission Secretary Dilshad said that necessary arrangements in this regard have already been finalised, which will
Interior Ministry spokesman Javed Iqbal Cheema on Tuesday said that there is real threat to the life of former prime minister Benazir Bhutto for which the government has kept her under house arrest for another seven days.
The National Disaster Management Authority (NDMA) and the United Nations Development Programme (UNDP) jointly organised a 10-day training course on "disaster risk management" ending on November 22.
The government has tasked the Pakistan Rangers and Frontier Corps (FC) to check wheat and wheat-flour smuggling to neighbouring countries and FC confiscated 764,092 kg of flour in one day, said Interior Ministry spokesman Brigadier Javed Iqbal Cheema (Ret
National Assembly Standing Committee on Railways Tuesday strongly recommended that magistracy system should be reintroduced in the Railways to remove impediments in dealing with land encroachers.
The pre-Haj operation to air lift the Haj pilgrims to Saudi Arabia begins with the departure of first Haj flight from Peshawar on Tuesday. The first Haj flight from Islamabad will leave on Wednesday (today) afternoon for the Holy Land. From Quetta the fir
Federal Minister for Railways Sheikh Rashid Ahmed will inaugurate on Wednesday a multi-purpose passenger hall at the Lahore Railway Station. The operations general manager will also be present.
Makhdoom Javed Hashmi, acting Chief of Pakistan Muslim League-N has called upon all the political parties to shed their differences and forge unity on one point agenda of getting rid of General Pervez Musharraf who infringed upon the basic human rights.
The Design of Diamer-Bhasha Dam will be completed by end of March 2008 as the Consultant firms and engineers are working round the clock to get the job done within the timeframe. This was stated by the Diamer-Bhasha Dam Project Deputy Director Abdul Ghaff
Lawyers and civil society members were rallying in Industrial City against emergency rule on Tuesday, when Chief Minister Punjab reached Faisalabad for one day visit. Dozens activists from the lawyers and Civil Society members shouted slogans against the
The Lahore High Court (LHC), Multan Bench, remained open on Tuesday for litigants but a negligible numbers of cases could be taken up for adjudication, owing to lawyers continued boycott of the judges, who took oath under the Provisional Constitutional Or
Vice Chairman of Pakistan Bar Council, Mirza Aziz Akbar Baig, on Tuesday, condemned amendments to Pakistan Army Act regarding the establishment of military courts for trying civilians and demanded immediate withdrawal of such undemocratic and unconstituti
A three-day training workshop for human rights activists was held here which was organised by National Commission for Justice and Peace (NCJP) at Centre for Peace and Harmony in Faisalabad. The purpose of the workshop was to provide necessary skills to ri
The prices of edible oil, both imported and local, have further gone up in the wholesale and retail markets of Multan, touching all-time high levels. The price rise came in the face of high rates in the international edible oils market and absence of any
Pakistan Academy of Letters (PLA) has published trend setting books in the series titled Memar-i-Adab, eminent scholar Dr Jameel Jalibi said during a visit to the Pakistan Academy of Letters here on Tuesday.
National AIDS Control Program (NACP) is launching a month-long campaign to commemorate World AIDS Day on December 1, on Wednesday at 11:00am in a media conference. The conference will be chaired by Major General Shaihda Malik (Retd), Director General Heal
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).
Local opposition to polio eradication efforts in western Pakistan is declining, health experts claimed. ``The refusal rate has decreased. The coverage has improved,' Waheed Khan, a government co-ordinator for the anti-polio drive in NWFP was quoted as say
The Federal Board of Revenue (FBR) has appointed Mahmood Alam as new member customs and Shahid Rahim Sheikh has been transferred as Chief Customs, North, Lahore. In this connection, a notification has been issued here on Tuesday.
Technology Upgradation and Skill Development Company (TUSDEC) and Pakistan Machine Tool Factory (PMTF) will join hands to promote local manufacturing of machinery, especially the machine tools.
The Lawyers' community observed a black day here on Tuesday, refusing to appear in courts. Most members of the Lahore High Court Bar Association remained away from the bar premises and never visited the bar rooms with police staying around for the last se
Last week, French Consul General, Pierre Seillan organised three opera events at the Karachi Arts Council auditorium to raise funds for Al-Mehrab Tibbi Imdad's (AMTI) cancer hospice for poor ill patients.
The Pakistan Horticulture Development and Export Board (PHDEB) is all set to launch a "pre-shipment inspection" scheme to export citrus, fruit this year for all destinations except the Middle East and Iran.
Amid strong uproar coupled with a noisy walkout from opposition the City Council on Tuesday backed cancellation of membership of those council members who are also office bearers of any political party by passing a resolution.
The PIAF-Founders Alliance has nominated Mohammad Ali Mian as it candidate for the top slot (Chamber Class) of Lahore Chamber of Commerce and Industries (LCCI) for the elections of 2008.
The Punjab Food Department restored the wheat supply to four flourmills on Tuesday but suspended the quota of six other mills in Jhang, Toba Tek Singh and Faisalabad because they showed less grinding and short supply to market.
The corporate sector's profit has increased by 14 percent on year-on-year basis to Rs 56.7 billion in the third quarter of 2007 as compared to Rs 50 billion in the same quarter in 2006.
The Consul General of the Sultanate of Oman in Karachi H.E. Khamis bin Mohammed Bin Abdullah Al-Farsi will hold in Karachi a reception at a local hotel marking the 37th National Day of the Sultanate of Oman on Tuesday, November 20, 2007.
Dr Ghulam Rasul and Faisal Saeed of Pakistan Meteorological Department have received the senior and young scientist awards of Saarc for the year 2006 as per unanimous assessment of all the member states, says a Press Release.
The Lahore High Court (LHC) chief justice administered oath to two more judges, Justices Mian Muhammad Najam-uz-Zaman and Maulvi Anwar-ul-Haq, under the Provisional Constitutional Order (PCO) in a ceremony, taking the number now to 20.
Declining trend was seen in the open market on Tuesday as the rupee shed five paisa against dollar for buying and selling at 61.00 and 61.10 in process of trading, dealers said. The rupee, however gained sharply in relation to euro for buying and selling
Attorney-General Malik Mohammad Qayyum on Tuesday dispelled apprehensions and doubts about the purpose behind the amendments made in the Army Act 1952, saying that a wrong impression was being created that henceforth military courts can try any civilian.
Declining trend was seen in the open market on Tuesday as the rupee shed five paisa against dollar for buying and selling at 61.00 and 61.10 in process of trading, dealers said. The rupee, however gained sharply in relation to euro for buying and selling