Turkish Prime Minister Tayyip Erdogan said on Saturday he wants better relations with Iraq, a week after Ankara ended an army offensive against PKK rebels based in the north of the country.
The medium-term budget framework (MTBF) and medium-term development framework (MTDF) of Punjab have shown that the budget deficit would reach Rs 37.3 billion (about $622 million) in FY2008 and further to Rs 55.9 billion ($932 million) and Rs 42.8 billion
The medium-term budget framework (MTBF) and medium-term development framework (MTDF) of Punjab have shown that the budget deficit would reach Rs 37.3 billion (about $622 million) in FY2008 and further to Rs 55.9 billion ($932 million) and Rs 42.8 billion
The medium-term budget framework (MTBF) and medium-term development framework (MTDF) of Punjab have shown that the budget deficit would reach Rs 37.3 billion (about $622 million) in FY2008 and further to Rs 55.9 billion ($932 million) and Rs 42.8 billion
President Pervez Musharraf has said that he will summon the National Assembly session soon after receiving the summary from the Election Commission of Pakistan (ECP) through the caretaker Prime Minister. He was speaking at inaugural ceremony of Multan cen
President Pervez Musharraf has said that he will summon the National Assembly session soon after receiving the summary from the Election Commission of Pakistan (ECP) through the caretaker Prime Minister. He was speaking at inaugural ceremony of Multan cen
Muslim League got further set back when its 8 members formed a Humkhial group on Saturday and announced support to PPPP in Balochistan. Muhammad Aslam Bhutani, Rubina Irfan, Hamal Kalmati and Basant Lal Gulshan in a press conference on Saturday announced
Muslim League got further set back when its 8 members formed a Humkhial group on Saturday and announced support to PPPP in Balochistan. Muhammad Aslam Bhutani, Rubina Irfan, Hamal Kalmati and Basant Lal Gulshan in a press conference on Saturday announced
The final round of negotiations between the leaders of Pakistan People's Party and Pakistan Muslim League-N will be held in Murree on Sunday, March 9, 2008 to hammer out modalities for forming the coalition government.
The final round of negotiations between the leaders of Pakistan People's Party and Pakistan Muslim League-N will be held in Murree on Sunday, March 9, 2008 to hammer out modalities for forming the coalition government.
The Finance Ministry will recommend to the new government to review ''Juma bazaar of projects'' initiated by the Planning Commission without keeping in view their benefits and financial constraints, reliable sources told Business Recorder.
The Finance Ministry will recommend to the new government to review 'Juma bazaar of projects' initiated by the Planning Commission without keeping in view their benefits and financial constraints, reliable sources told Business Recorder.
The Finance Ministry will recommend to the new government to review 'Juma bazaar of projects' initiated by the Planning Commission without keeping in view their benefits and financial constraints, reliable sources told Business Recorder.
The rupee could not retain its firmness against the US currency in the interbank market on Saturday, falling six paisa for buying and selling at 62.66 and 62.68, money experts said. They said that during the third quarter of the current fiscal year, payme
The rupee could not retain its firmness against the US currency in the interbank market on Saturday, falling six paisa for buying and selling at 62.66 and 62.68, money experts said. They said that during the third quarter of the current fiscal year, payme
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
US FOB Gulf corn and soyabean basis held steady on Friday after falling earlier in the week due to a seasonal slowdown in export demand, traders said. Soft wheat basis values held steady after falling earlier this week due to competition from other wheat-
Rising trend persisted on the forward cottonseed oilcake market on Saturday in thin business as leading buyers were hoping that the prices may come down in the coming days, dealers said. The March vaida opened at Rs 695.00 and closing was seen at the same
Not a single deal reported on the cotton market on Saturday as most of the spinners kept on the sidelines due to continued fall in the New York cotton futures, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3350,
Rising trend was seen on the grain market on Saturday amid modest trading, dealers said. On the seed side, til low type was sharply higher by Rs 680 to Rs 5200 and better type gained Rs 1650 to Rs 5600, they said. Cottonseed oilcake with bag Punjab quoted
US wheat futures closed lower on Friday on profit-taking and long-liquidation by funds, and spillover from a plunge in the Chicago Board of Trade soya complex, traders said. CBOT soyabeans, soyaoil and soyameal closed down their respective daily trading l
Singapore bunker prices were unchanged on Friday, but its differentials to the cash market remained anchored in steep discounts due to a lack of demand. Prices for 380-centistoke (cst) bunker fuel were pegged at $479-$481, steady from the previous day, wh
The Karachi Port handled 111,921 tonnes cargo including 56,476 tonnes import, 55,445 tonnes export cargo and 4,438 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
The lineup of vessels waiting to load sugar in Brazilian ports this week rose to 23 from 22 last week, shipping agent Williams said Thursday. In a weekly report, Williams said nine vessels were lined up in the southern port of Santos, down from 11 last we
Spot basis bids for soyabeans rose at river terminals around the US Midwest on Friday but held steady at most interior processors and elevators, grain dealers said. Cash bids for corn were mostly steady at both interior locations and along rivers.
The outlook for China's soyaoil market has turned bearish, as traders expect the government to take measures to curb edible oil prices, a survey by an official think tank showed on Friday.
The entire US soyabean complex on the Chicago Board of Trade dived their respective trading limits on Friday on a technical sell-off, traders said. Soyabeans, soyameal and soyaoil were undergoing a big technical correction after recent rallies, which incl
US copper futures managed to close in positive territory on Friday despite renewed recessionary fears in the US after data showed the largest drop in non-farm payrolls since March 2003.
The government bureau that this week forecast a doubling of Australia's next wheat crop has warned that there is only a slightly better than even chance that this near-record harvest will be achieved.
The Australian wool market finished 0.5 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 9 A cents (0.9 percent), ending the week at 972 Ac a kg. This reflected increases of 7 Ac (0.7 percent) in the
US rough rice futures on the Chicago Board of Trade tumbled on Friday as firms liquidated long positions after this season's run-up to contract highs, traders said. March rice, now in delivery, settled 48 cents per hundredweight lower at $17.31. May ended
New York gold futures erased initial gains to finish lower on Friday as funds sold bullion for liquidity, capping a volatile week which saw gold made several runs toward $1,000 an ounce but was met with heavy resistance each time. Platinum and palladium c
ICE raw sugar futures closed at a 3-1/2-week low on Friday amid further liquidation pressures in the agricultural commodity markets, erasing more than 15 percent of the sweetener's value since Monday.
Oil, gold, platinum and copper prices rocketed to record highs last week, boosted by weak supplies and fervent demand stemming from the weak dollar and the darkening US economic outlook, traders said.
Poland's president vowed on Saturday to restore Polish citizenship to the survivors of thousands of Jews pushed out of the country by the communist regime 40 years ago. An estimated 15,000 Poles of Jewish background were forced to leave Poland as the comm
The Afghan government on Saturday welcomed Norwegian diplomat Kai Eide as the new UN envoy to Afghanistan, a role meant to better co-ordinate international efforts to bring development and head off a Taliban insurgency.
The foreign ministers of Turkey and Greece said on Saturday they saw an opportunity for progress towards a settlement of the Cyprus problem in the wake of elections on the divided Mediterranean island.
Democrats seized on a gloomy US jobs report on Friday to deride President George W. Bush's economic policies, while the White House defended its record on what is becoming a key issue in November's election.
China is making a big publicity push at this year's annual meeting of parliament to show how open it is to the media, but when it comes to Chinese reporters many of the old propaganda and censorship rules still apply.
The Dalai Lama, the spiritual head of Tibetan Buddhists, expressed his support for the Beijing Olympics on Saturday, rejecting Chinese allegations that he was trying to sabotage the games.
The only person convicted in connection with the 1985 Air India bombings, which killed 331 people, was denied bail on Friday as he awaits trial in Canada on a related perjury charge. Inderjit Singh Reyat, 55, sat calmly in the prisoners box as the judge r
Vietnamese rescue workers had recovered four bodies from a capsized oil tanker by Saturday and were trying to contain an oil spill that hit beaches at a southern resort, officials said.
Spain on Saturday prepared to bury a former Socialist councillor shot dead in the Basque Country in what many said was an attempt by separatists to influence Sunday's poll, just as Islamist bombings did in 2004. Spain's Socialist government and conservati
The death toll from Cyclone Ivan in Madagascar has risen to 93 people, while the total number of homeless is 332,391, a statement from the National Office for Disaster and Risk Management said. The European Union has donated 6.8 million euros ($10.5 milli
Prominent Chinese dissident Hu Jia will soon face trial after prosecutors decided to press subversion charges, his lawyer said on Saturday, as another human rights lawyer close to Hu was freed from brief detention.
State-owned Dubai Multi Commodities Centre (DMCC) said on Saturday it plans to build a $200 million oil products storage facility that will mainly service the Gulf Arab emirate's planned new airport.
The boss of Airbus on Friday moved to tamp down a US controversy sparked when the Pentagon awarded a refuelling tanker mega-contract to the European aviation giant, citing the growing globalisation of the aerospace sector.
Standard Chartered Bank is considering buying Royal Bank of Scotland's 40 percent stake in Saudi Hollandi Bank in a bid to secure a presence in the world's largest oil exporter, a magazine reported. Middle East Economic Digest (MEED) said Standard Charter
US Treasury Secretary Henry Paulson said on Friday that February job losses were unwelcome but not surprising, and urged major financial institutions to raise capital to keep lending taps open during a difficult period.
Credit fears swirled again through financial markets on Friday as lender Thornburg Mortgage Inc said its survival was in doubt and ratings agency Fitch downgraded Washington Mutual Inc. Fitch cut its ratings on Washington Mutual, the largest US savings an
Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime US mortgages, J.P. Morgan Chase & Co, said in a report late on Friday. J.P. Morgan, which sent a default notice to Thornb
Bangladesh's government said on Saturday it had no immediate plans to raise domestic fuel prices as suggested by the Asian Development Bank, one of the poor South Asian country's main development partners.