Britain's top share index rose for a third day in a row on Thursday as gains in banks and miners offset weakness in Royal Dutch Shell, Stagecoach and British American Tobacco after their results. The FTSE 100 closed 49.11 points or 1.2 percent higher at 4
Cotton futures finished Thursday at nearly four-year lows on fund sales as poor fibre demand and the spectre of a global recession raised the prospect of further losses in the market, brokers said.
Copper fell more than 10 percent on Thursday as rising London Metal Exchange stocks halted this week's short-covering rally in industrial metals and recessionary worries returned. The US economy shrank at a 0.3 percent annual rate in the third quarter, it
Oil fell more than 2 percent on Thursday as weak US economic data stirred concerns demand could plummet further. The US economy shrank at an annual rate of 0.3 percent in the third quarter, the sharpest contraction in the world's largest economy for seven
Coffee, sugar and cocoa futures erased gains as the US dollar trimmed losses after data showing a smaller-than-expected contraction in the US economy in the third quarter.
Gold reversed earlier gains of almost 3 percent on Thursday as the dollar turned higher and oil prices declined. Spot gold was at $739.00/741.50 an ounce at 1557 GMT compared with $754.30 late in New York on Wednesday. It earlier rose to $776.30 an ounce,
Raw sugar futures on ICE Futures US at 1234 GMT. March raw sugar contract fell 0.06 cent to 12.03 cents per lb. Trading from 11.95 to 12.35 cents. Volume at 12,800 lots. Investment fund sales places market under pressure, dealers said.
Soya futures on the Chicago Board of Trade turned higher and were trading around 4 to 6 cents up early on Thursday on call buying of options, talk of fund buying and on a big number for soya in USDA's weekly export sales report, traders said. At 10:20 am
US copper futures fell back below the $2.00 a lb mark early Thursday as a surge in overnight inventory levels rekindled demand concerns and helped put the brakes on this week's short-covering rally. Copper for December delivery traded 10.40 cents, or 5 pe
US gold futures tracked the currency and energy markets to trade near unchanged on Thursday, retreating from a one-week high early following a US interest rate cut and an initial slide of the dollar. December up $1.40 at $755.40 an ounce on the COMEX divi
In the early part of 2005, the stock exchange had witnessed a devastating crisis resulting from an effort by the then SECP Chairman to introduce the mode of bank financing in place of Badla Financing. In fact, Badla financing had remained historically a s
When Miwa Takeuchi found out her part-time clerical job had been outsourced to a Japanese temp staffing agency and she'd have to work longer hours for lower pay, she was relieved. At least she was still employed. Three years later, Takeuchi, a single moth
With a financial system on the verge of meltdown and an economy facing a prolonged recession, the final weeks of the US election campaign have mostly focused on something much narrower: taxes. Some of it is attributable to the sheer complexity of the fina
Once again, the much-talked-about project of Fatima Fertiliser Company Limited, which is a joint venture of Fatima Group and Arif Habib Group, has made headlines. The commissioning of the new green-field fertiliser project, ventured in the country after a
The Army chief, General Ashfaq Pervaz Kiyani's decision to suspend work on the construction of a new GHQ in Islamabad at a time when the country faces a grave financial crisis, comes as pleasant news. An ISPR statement quoted General Kiyani as saying that
As pointed out in these columns in our issue of October 30, coming in the midst of President Zardari's all-out efforts for undoing the accumulated wrongs of political, economic and social dimensions, from a multi-prong thrust of national reconciliation, t
The government is planning to establish 17 water-testing laboratories in the country under "Safe Drinking Water" programme, to check the quality of drinking water, says a news report. Officials involved in the project claim that work on 11 laboratories ha
The Lahore High Court on Thursday directed district officer Solid Waster Management (SWM) to appear before the court till November 3 with all relevant record in a petition challenging his orders placing services of SWM staff under the co-ordinators by wit
Basmati Growers Association (BGA) has asked the Government to ensure equitable returns to Basmati farmers. The Government has announced Rs 1,500 per 40 kg for Super Basmati paddy, which needs to be ensured at all costs. Although the rate announced is much
In line with the policies of the Government of the Punjab and mandate of the authority, Technical and Vocational Training Authority (Tevta) has planned to expand the scope of technical training to the youth.
The Securities and Exchange Commission of Pakistan (SECP) has signed an agreement with the National Institute of Facilitation Technology (NIFT) for the provision of digital signature certificates at subsidised rates. Every promoter, subscriber and other o
The French Agency for International Business Development's Director, International Study, Mrs Anne Bernard has said that there is a wide scope of joint ventures between France and Pakistan in dairy and food processing sectors. She was talking to Small and
Kids and Femina Expo-2008 kicked off here at the Fortress Stadium on Thursday. Around 125 stalls of different items related to women and kids are established to attract the buyers. Some swings are also arranged at the stadium for the amusement of the kids
Despite having huge potential in all sectors, Pakistan could not get its due place mainly because of lacking attention on research and development. Now the situation has taken a positive turn as a large number of businesses after realising the importance
Punjab Chief Minister Mian Muhammad Shahbaz Sharif has said that Pakistan is rich in natural resources and has vast investment opportunities. He said that Punjab government is taking all out measures to encourage foreign investment for strengthening econo
Speakers at a workshop organised by the International Labour Organisation (ILO) on 'Role of Media in Eradication of Bonded Labour in Pakistan' here on Thursday disclosed that 12.3 million persons are involved in bonded labour around the globe, out of whic
Various political parties, traders' associations, non-governmental, social and students' organisations have set up their relief camps in different parts of the city where they collect medicines, edible and non-edible items for the quake affectees of the p
Pakistan had paid heavy cost in war against terrorism, not only its army personnels but also economy destroyed by it protected the world at the cost of its own huge loss. Now world should come forward for the help of Pakistan, said foreign minister Makhdo
Governor Balochistan Nawab Zulfikar Ali Magsi on Thursday visited Ziarat and inspected relief operations being carried out by various organisation in the area. He also visited the Ziarat hospital and various medical centers and enquired about the health o
A senior official of Pakistan Air Force (PAF) has the distinction to observe People's Liberation Army (PLA) military exercise. Group Captain Zahid Hamid Kiani had been to China for quite a few times. However, it was his first time to watch a PLA exercise,
All Parties Hurriyet Conference (APHC) Chairman Mirwaiz Umar Farooq, terming the arrest and torture of Hurriyet leaders as occupation authorities' frustration, has said that such tactics will not suppress Kashmiris' aspirations for freedom in occupied Kas
The elements with a rabid communal mindset have been accorded high positions in the administration to victimise Muslims in line with a dangerous anti-Muslim Indian plan in occupied Kashmir.
The national flag carrier Pakistan International Airline (PIA) has started third weekly direct international Sialkot-Muscat flight from Wednesday night as a PIA flight PK-229 with 118 passengers on board took off from Sialkot International Airport.
Incharge Prime Minister Camp Office, Syed Ahmad Mujtaba Gillani visited Wahdat Colony to offer Fateha for the deceased who died as a result of fall of ceiling couple of days ago. It is to be remembered that on Wednesday a roof of a house fell in which fiv
The Civil Aviation Authority (CAA) carried out the annual airport emergency exercise 2008 at Jinnah International Airport here on Thursday. The exercise, which was supposed to be started at 9am, but was delayed for three hours, causing inconvenience for t
Advisor to the Prime Minister on Finance Shaukat Tarin will visit Karachi Stock Exchange (KSE) on October 31 (Friday). The prevailing situation of the stock exchange will be discussed during his meeting with the KSE members.
Institute of Sindhology, Sindh University Jamshoro, in collaboration with department of Culture and Tourism Government of Sindh will mark 69th death anniversary of Sufi singer Bhagat Kanwar Ram on November, 01 at the Sindhology auditorium.
The after tax loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.587 billion in the quarter ended September 30, 2008 as compared to Rs 4.717 billion in the corresponding period last year. The board of directors of the company dec
The after tax loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.587 billion in the quarter ended September 30, 2008 as compared to Rs 4.717 billion in the corresponding period last year. The board of directors of the company dec
Chief Executive Trade Development Authority of Pakistan (TDAP) Syed Mohibullah Shah has said as a result of Expo Pakistan, international buyers would ink export agreements of $100 million. Addressing a press conference on concluding day of Expo Pakistan,
The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has increased to Rs 3.178 billion in the quarter ended September 30, 2008 as compared to Rs 3.012 billion earned in the corresponding period last year. The board of directors of the
The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has increased to Rs 3.178 billion in the quarter ended September 30, 2008 as compared to Rs 3.012 billion earned in the corresponding period last year. The board of directors of the
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).
Meezan Bank Limited has successfully established over 125 branches spread over 35 major cities across Pakistan within a short span of six years. This growth in branch network is the fastest in the Banking history of Pakistan. The investment in the branch
The Lahore High Court has directed Inspector General of Punjab Police to resolve the matter of 10 traffic wardens within two months who were allegedly declare physically unfit for the posts and the department have issued them show cause notices for their
ACCA Pakistan organised Talent Management 2008 careers fair at a local hotel on Thursday. The event aimed at bringing the student community and ACCA approved employers together in hopes of providing both an opportunities to interact with one another and a
Federal government has announced to purchase raw cotton (Phutti) at Rs 1500 per maund through Trading Corporation of Pakistan (TCP) for safeguarding farmer's interest, similarly the federal government fixed Minimum Indicative Price (MIP) of Super Basmati
Chief Executive Faisalabad Electric Supply Company (Fesco) Ahmad Saeed Akhtar said the country could not afford wastage of energy in the prevailing circumstances, urging industrialist to come up with practical measures to end energy wastage and reduce cos
Two jail employees including a lady warden were booked on the charges of supplying narcotics to inmates during last two months. Qazi Muhammad Aslam, Superintendent Central Jail disclosed that cases have been registered against lady warden Khursheed Bibi a
Allama Sajid Ali Naqvi, Chief of Tehrik-e-Jafaria (TJ) has strongly condemned the assassination of three shiites in Dera Ismail Khan on Wednesday and said that Shiites are feeling themselves insecure and unsafe in Parachinar, Bhakkar, Dera Ismail Khan and
Pakistan Tahreek-e-Insaf (PTI) is launching a membership campaign here in the second week of November. According to sources, the 15-day campaign would start between November 10 and 16, however, the date is yet to be fixed. Pakistan Tahreek-e-Insaf chief I
Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has said country's existence is linked with freedom of judiciary, adding judiciary would be free when Iftikhar Mohammad Chaudhry will resume his duties as Chief Justice Pakistan.
Pakistan Muslim League-Nawaz (PML-N) has decided to celebrate Nov3 as a day of solidarity with sacked judges, including chief justice Iftikhar Muhammad Chaudhry. A PML-N spokesman said that the party would organise rallies in the provincial, divisional an
The doctors and experts from all over the country would participate in the Kidney Conference 2008 scheduled to be held here in the city on November 3. The major purpose of this conference is to provide cheap and proper treatment facilities to poor people
A total number of 181 cases of dengue fever have been reported so far in Punjab, out of which 147 cases were reported in Lahore alone. Punjab Health Services Director General Dr Aslam Chaudhry said this while addressing a seminar on "Dengue fever" held at
Doctors of Services Hospital Lahore on Thursday blocked the Jail Road to protest against the arrest of their colleague Dr Shafqat by police in a case involving the death of a patient. Due to protest of doctors, traffic remained blocked for about two hours
Pakistan Medical Association (PMA - Karachi) has appealed citizens to donate essential drugs, medical supplies, blankets and warm clothes, for victims of earthquake in Balochistan, at PMA House Garden Road. The PMA officials here on Thursday said they hav
The executive Committee of Pakistan Cotton Ginners Association (PCGA) met here on Thursday to discuss the issue of lint purchase by Trading Corporation of Pakistan (TCP). Talking to newsmen Chaudhry Muhammad Akram Jatt, Chairman PCGA, said that advisor to
Pakistan can earn more foreign exchange by exporting the fresh fruits and vegetables by providing and establishing CA technology network in the country as it reduces the freight charges up to 5 times. This was stated by Professor Dr Iqrar Ahmad Khan VC UA
Lawyers held a "mammoth protest rally" on Thursday to press the government to reinstate all the sacked judges. Former judge of High Court, justice Jehangir Arshad, suspended President Mehmood Ashraf Khan and General Secretary Naveed Akhtar of High Court B
A senior lawyer Khadim Hussain Nadeem Ahmed Thaheem has filed a writ petition in Lahore High Court Multan against Pervez Musharraf for his trial under article 6 of the constitution because he had violated the constitution and he was also involved in massi
Range-bound trading was seen on the interbank market on Thursday as the rupee showed gradual fall of five paisa against the dollar for buying and selling at 81.70 and 81.75, currency experts said. Commenting on the currency movements they said that the ru
A seminar was held on the topic of "Say no to corruption" under the auspices of Liberal Forum Pakistan (LFP) in District Press Club Toba Tek Singh where speakers stressed the need of creating awareness among the public against corruption in both governmen
Range-bound trading was seen on the interbank market on Thursday as the rupee showed gradual fall of five paisa against the dollar for buying and selling at 81.70 and 81.75, currency experts said. Commenting on the currency movements they said that the ru
The controversial Halloween display of an effigy of Republican vice presidential candidate Sarah Palin hanging by a noose outside a home near Los Angeles has been taken down, local authorities said Thursday.
Metropolitan Bank Limited (now Habib Metropolitan Bank) was incorporated on August 3, 1992. From October 1992 to September 2006, it remained a high rated bank and with its nationwide 51-branch on-line network, established as a distinguished provider of tr
He's become a mascot of John McCain's attempts to paint Barack Obama as a tax-and-spend liberal determined to hit ordinary working class Americans in the pocket. But on Thursday "Joe the Plumber" became "Joe the Absentee."
Metropolitan Bank Limited (now Habib Metropolitan Bank) was incorporated on August 3, 1992. From October 1992 to September 2006, it remained a high rated bank and with its nationwide 51-branch on-line network, established as a distinguished provider of tr
As Barack Obama closes in on his bid to become the first African-American US president, racial politics have burst into mainstream media with the release this month of two "news" shows anchored by black comedians. But while some applaud the emergence of m
As Barack Obama closes in on his bid to become the first African-American US president, racial politics have burst into mainstream media with the release this month of two "news" shows anchored by black comedians. But while some applaud the emergence of m
Human Rights Commission of Pakistan (HRCP) has decided to show a short documentary presentation on Thursday to highlight the impact of military operations in Bajuar on the lives of women and children.
The Senate body on Revenue and Finance, following a meeting with the management of stock exchanges, endorsed a fund of Rs 50 billion for capital market here on Thursday.
The Senate body on Revenue and Finance, following a meeting with the management of stock exchanges, endorsed a fund of Rs 50 billion for capital market here on Thursday.
One wonders what makes Kamil Ali Agha think that bringing everything before the Parliament would necessarily mean good governance. He is mistaken in thinking so. All what is required is political will to bring about the desired change through strict imple