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Print - 2008-11-01
Balochistan quake: PTCL praised for donating Rs 10 million

Balochistan quake: PTCL praised for donating Rs 10 million

Chief Minister Balochistan Nawab Akbar Raisani has praised the role of PTCL over donating aid of Rs 10 million for earthquake victims in Balochistan. Talking to President PTCL Walid Irshad via telephone, CM expressed his gratitude to President PTCL and it
Published 01 Nov, 2008 12:00am
US Treasury prices drop

US Treasury prices drop

US Treasury prices fell on Thursday as climbing stocks stifled any bid for lower-risk government debt, while expectations of a raft of new Treasuries debt supply added to selling pressure. Further evidence of an unlocking in short-term lending markets add
Published 01 Nov, 2008 12:00am
JJVL announces 15 percent cut in LPG price

JJVL announces 15 percent cut in LPG price

Jamshoro Joint Venture Limited (JJVL), Pakistan's largest LPG producer, has announced a 15 percent reduction in its LPG price from November 3, 2008, and will be effective for the whole month. The reduction is expected to have a gradual downward impact on
Published 01 Nov, 2008 12:00am
Lawyers threaten to lock courtrooms if judges not restored

Lawyers threaten to lock courtrooms if judges not restored

The District Bar Association (DBA),Multan has threatened to lock courtrooms in the province if all the deposed judges are not reinstated by November 3. DBA Multan Secretary Muhammad Ashraf Sindhu announced this while addressing the general body meeting of
Published 01 Nov, 2008 12:00am
Oil drops towards $64

Oil drops towards $64

Oil fell for a second day on Friday, dropping more than 3 percent towards $64 a barrel and set for its biggest ever monthly loss after weak US economic data refocused attention on falling demand. US gross domestic product contracted at an annual rate of 0
Published 01 Nov, 2008 12:00am
PIAF-Founders Alliance unfolds five-year performance report

PIAF-Founders Alliance unfolds five-year performance report

The PIAF-Founders Alliance on Friday unfurled its five-year performance report, according to which over 100 standing committees at the Lahore Chamber of Commerce and Industry (LCCI) remained active throughout the year and played their due role in providin
Published 01 Nov, 2008 12:00am
US Treasury prices drop

US Treasury prices drop

US Treasury prices fell on Thursday as climbing stocks stifled any bid for lower-risk government debt, while expectations of a raft of new Treasuries debt supply added to selling pressure. Further evidence of an unlocking in short-term lending markets add
Published 01 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 31, 2008).

Published 01 Nov, 2008 12:00am
JJVL announces 15 percent cut in LPG price

JJVL announces 15 percent cut in LPG price

Jamshoro Joint Venture Limited (JJVL), Pakistan's largest LPG producer, has announced a 15 percent reduction in its LPG price from November 3, 2008, and will be effective for the whole month. The reduction is expected to have a gradual downward impact on
Published 01 Nov, 2008 12:00am
US copper ends with sharp losses

US copper ends with sharp losses

US copper futures ended on Thursday with sharp losses, halting a three-day rally that saw prices jump more than 33 percent, as the market's focus shifted back to two overriding bearish influences - the dollar and demand.
Published 01 Nov, 2008 12:00am
Gold off one-week high in Asia

Gold off one-week high in Asia

Gold slipped on Friday and was on course for its biggest monthly decline since 1983, as oil fell on recession fears, the dollar firmed and stocks reversed gains, forcing investors to cash in to stem losses. US gross domestic product shrank at an annual ra
Published 01 Nov, 2008 12:00am
Jamaat-i-Islami to observe November 3 as 'Black Day'

Jamaat-i-Islami to observe November 3 as 'Black Day'

Amir Jamaat-i-Islami Pakistan Qazi Hussain Ahmed has announced to observe November 3 as 'Black Day' to protest unconstitutional steps taken by General Pervez Musharraf (Retd) against country's judiciary. Qazi said here on Friday that the nation must pledg
Published 01 Nov, 2008 12:00am
US stocks finish firmer

US stocks finish firmer

US stocks climbed on Thursday as investors snapped up shares trading near their lowest levels in five years on optimism that aggressive rate cuts by global central banks, including the Federal Reserve, will help cushion a world-wide economic downturn.
Published 01 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 31, 2008).

Published 01 Nov, 2008 12:00am
JJVL announces 15 percent cut in LPG price

JJVL announces 15 percent cut in LPG price

Jamshoro Joint Venture Limited (JJVL), Pakistan's largest LPG producer, has announced a 15 percent reduction in its LPG price from November 3, 2008, and will be effective for the whole month. The reduction is expected to have a gradual downward impact on
Published 01 Nov, 2008 12:00am
US gold drops

US gold drops

US gold futures reversed initial gains to end 2 percent lower on Thursday, as tumbling crude oil prices and weak US economic data led to worries about a global recession, which could hurt demand for bullion. December settled down $15.50, or 2.1 percent, a
Published 01 Nov, 2008 12:00am
Malaysian palm oil futures lower

Malaysian palm oil futures lower

Malaysian palm futures closed down nearly 3 percent on Friday after crude oil fell on weak US third-quarter economic data that renewed demand worries, traders said. News of stronger October palm oil exports estimated by two cargo surveyors failed to inspi
Published 01 Nov, 2008 12:00am
Jica, Navtec, Tevta sign MoU

Jica, Navtec, Tevta sign MoU

A memorandum of understanding (MoU) has been signed between Technical Education and Vocational Training Authority (Tevta), Japan International Co-operation Agency (Jica) and National Vocational and Technical Education Commission (Navtec) for the establish
Published 01 Nov, 2008 12:00am
Hong Kong shares at worst monthly drop in 11 years

Hong Kong shares at worst monthly drop in 11 years

Hong Kong shares fell 2.5 percent on Friday, with the index posting its worst monthly drop since October 1997 as renewed worries over the global economy and the outlook for earnings snapped a three-day, 30 percent rally. Bank of Communications, China's No
Published 01 Nov, 2008 12:00am
NWFP industries' department fails to pay rebate on power consumption

NWFP industries' department fails to pay rebate on power consumption

The provincial industries department failed to utilise a single penny of the Rs 300 sanctioned three years back by the then provincial government for attracting and promoting investment in the province, sources in the department told Business Recorder.
Published 01 Nov, 2008 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

US gold futures dropped on Friday as a dollar rise and a sharp drop of COMEX open interest took a toll on buying sentiment, signalling more unwinding of long positions, traders said. December down $5.00 at $733.50 an ounce on the COMEX division of the New
Published 01 Nov, 2008 12:00am
US soya futures slip

US soya futures slip

US soybean futures on the Chicago Board of Trade fell on Thursday as recession fears heightened on government data showing US economic contraction, traders said. A strong weekly export sales figure helped soybeans bounce from lows. November soybeans settl
Published 01 Nov, 2008 12:00am
Loadshedding being reduced to six hours from today: Pepco

Loadshedding being reduced to six hours from today: Pepco

Pakistan Electric Power Company (Pepco) will reduce the load-sheddding hours in the urban areas to six hours and eight hours in the rural areas, Director General Pepco, Tahir Basharat Cheema, told Business Recorder here on Thursday.
Published 01 Nov, 2008 12:00am
Taiwan stocks extend rally

Taiwan stocks extend rally

Taiwan stocks closed 3.99 percent higher on Friday, continuing their rally after posting the biggest single-day percentage rise in eight years Thursday, as investors bought into shares after government moves to prop up the market.
Published 01 Nov, 2008 12:00am
Savings unable to keep up with growing private investment: ADB

Savings unable to keep up with growing private investment: ADB

In the private sector, private savings in Pakistan have been unable to keep up with growing private investment during the recent high growth years. In the government sector, the tax revenue effort has stagnated and deteriorated as government spending has
Published 01 Nov, 2008 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

US copper futures shed more than 5 percent early on Friday as persistent fears about a US-led global recession intensified, raising concerns about demand for industrial metals.
Published 01 Nov, 2008 12:00am
New York sugar softer

New York sugar softer

Raw sugar futures settled lower on Thursday due to producer and investor sales as the market backed away from a rally to a three-week top, with brokers uncertain where sugar will head next. The key March raw sugar contract retreated 0.24 cent to finish at
Published 01 Nov, 2008 12:00am
Pakistan Post directed to pay compensation

Pakistan Post directed to pay compensation

District Consumer Court Judge Syed Maruf Ahedali has directed the director general, Pakistan Post, to pay Rs 6,208 as cost of the case and expenses of services within ten days to Muhammad Shahid whose letter could not be delivered to his loved one in Engl
Published 01 Nov, 2008 12:00am
Singapore job growth slows, manufacturers pessimistic

Singapore job growth slows, manufacturers pessimistic

Employment growth in Singapore slowed in the third quarter and manufacturers turned pessimistic as the global financial crisis drags on an economy already in recession. Singapore added 57,800 jobs in the third quarter, down from 71,400 created in the Apri
Published 01 Nov, 2008 12:00am
UAE orders sending of urgent aid to victims

UAE orders sending of urgent aid to victims

UAE President Sheikh Khalifa bin Zayed Al Nahyan on Friday ordered sending of urgent relief to the victims of earthquake, that hit Balochistan early Wednesday. According to Emirates News Agency (WAM), Sheikh Khalifa instructed Khalifa bin Zayed Al Nahyan
Published 01 Nov, 2008 12:00am
US MIDDAY: soya, corn down

US MIDDAY: soya, corn down

CBOT soya fell 18-23 cents per bushel and corn was down 10-12 cents with each market falling to the day's lows on a strong dollar, lower crude oil and precious metals and outlooks for an active harvest weekend in the US Midwest, traders and analysts said.
Published 01 Nov, 2008 12:00am
US rice futures slide

US rice futures slide

US rough rice futures on the Chicago Board of Trade slipped on Thursday on heightening recession fears after government data showing US economic contraction, traders said. Early, rice rallied to a two-week high on USDA's smaller domestic rice stocks data.
Published 01 Nov, 2008 12:00am
Punjab government plans 'Liver Transplant Centres'

Punjab government plans 'Liver Transplant Centres'

Pakistan Muslim League-Nawaz (PML-N) led Punjab government has taken notice of surge in liver disease cases and planned to set up 'Liver Transplant Centres' to provide this facility to the masses within the country. The chief minister said this while addr
Published 01 Nov, 2008 12:00am
French trader probed over massive bank loss

French trader probed over massive bank loss

A French judge has opened an investigation into a possible breach of trust by a dealer suspected of losing a bank more than 750 million euros in unauthorised trading in derivatives, judicial officials said Thursday. The dealer, 33-year-old Boris Picano-Na
Published 01 Nov, 2008 12:00am
Japanese foreign minister condoles with quake victims

Japanese foreign minister condoles with quake victims

Japanese Foreign Minister Hirofumi Nakasone on Friday condoled with the victims affected by the earthquake that hit various parts of Balochistan province causing immense loss of lives and property. In his message to Foreign Minister Shah Mahmood Qureshi,
Published 01 Nov, 2008 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures on the Chicago Board of Trade were lower early Friday, following weak early trends in corn, soya and crude oil, traders said. As of 9:45 am CDT (1445 GMT), CBOT December wheat was down 8 cents at $5.30 per bushel. Kansas City Board of Trade
Published 01 Nov, 2008 12:00am
US grains fall

US grains fall

US grains fell for a second straight day on Friday as demand worries resurfaced after data showed the US economy was slowing even further. US GDP contracted at an annual rate of 0.3 percent for the third quarter, the sharpest fall in the world's largest e
Published 01 Nov, 2008 12:00am
Shahbaz for making all recruitment on merit

Shahbaz for making all recruitment on merit

Chief Minister Punjab Mian Mohammad Shahbaz Sharif has issues directive for making Punjab Public Service Commission (PPSC) more vibrant and efficient besides making all recruitment purely on merit. Talking to PPSC Chairman and members at Chief Minister's
Published 01 Nov, 2008 12:00am
Looming strikes in key German metalworking sector

Looming strikes in key German metalworking sector

With a recession looming in Europe's biggest economy, the biggest German industrial trade union IG Metall on Friday threatened strikes from next week in the key metalworking and electronics sector. Union chief Berthold Huber slammed the employers' offer o
Published 01 Nov, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (October 31, 2008)and for Saturday (September 01, 2008).
Published 01 Nov, 2008 12:00am
US MIDDAY: sugar crawls up

US MIDDAY: sugar crawls up

Raw sugar futures on ICE Futures US at 1248 GMT. March raw sugar contract rose 0.03 cent to 11.88 cents per lb. Trading from 11.67 to 12.03 cents. Volume at 8,524 lots. Sugar edges up on buying by small investors, looks for direction, said dealers.
Published 01 Nov, 2008 12:00am
Shanghai copper extends falls

Shanghai copper extends falls

London copper extended losses on Friday following a 10 percent slide overnight and headed for their biggest monthly drop since at least 1970 after data showing a contraction in the US economy stoked recession fears.
Published 01 Nov, 2008 12:00am
Commerzbank may seek state capital

Commerzbank may seek state capital

Commerzbank is interested in a state capital injection that could see Germany take a stake in the country's second-biggest bank, according to sources familiar with the situation. The development comes as Commerzbank continues to grapple with the fallout f
Published 01 Nov, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 31, 2008).

Published 01 Nov, 2008 12:00am
US security chief says cross-border raids necessary

US security chief says cross-border raids necessary

A country should have the right to attack another if it is harbouring a potential terrorist threat, the US homeland security chief said in remarks appearing to justify recent US raids in Pakistan and Syria. Laying out what amounts to a broadened definitio
Published 01 Nov, 2008 12:00am
Gold sinks in Europe

Gold sinks in Europe

Gold prices drifted lower on Friday and headed for their biggest monthly drop in more than 20 years as a strong dollar and recession fears triggered a sell-off, traders and analysts said.
Published 01 Nov, 2008 12:00am
Malaysian tin dips

Malaysian tin dips

Malaysian tin rose reversed gains made earlier this week and fell sharply on Friday, following losses on the London Metal Exchange prices.
Published 01 Nov, 2008 12:00am
French credit drought sparks bank buy-out calls

French credit drought sparks bank buy-out calls

France's banks stood accused Friday of cutting off credit to businesses despite cashing in on a multi-billion-euro bail-out, sparking mounting calls for the state to part-nationalise the sector. President Nicolas Sarkozy warned banking chiefs late Thursda
Published 01 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 31, 2008).

Published 01 Nov, 2008 12:00am
US security chief says cross-border raids necessary

US security chief says cross-border raids necessary

A country should have the right to attack another if it is harbouring a potential terrorist threat, the US homeland security chief said in remarks appearing to justify recent US raids in Pakistan and Syria. Laying out what amounts to a broadened definitio
Published 01 Nov, 2008 12:00am
London coffee edges down

London coffee edges down

Coffee futures traded lower on Vietnamese producer selling in modest volumes on Friday, and the tone across soft commodities was dampened by falling oil prices and a stronger dollar against the euro. "The Vietnamese have started to fix now. London is lack
Published 01 Nov, 2008 12:00am
No change on grain market

No change on grain market

No major changes were seen on the local grain market on Friday as most of the participants were busy in Juma prayers, dealers said.
Published 01 Nov, 2008 12:00am
Which way will PML (Q) crumble?

Which way will PML (Q) crumble?

Late Thursday evening when Hamid Nasir Chattha was reassuring his party boss, Chaudhry Shujaat Hussain, of his loyalty in front of media persons, some half a dozen members of the party's so-called forward bloc were having dinner with the co-chairman of PP
Published 01 Nov, 2008 12:00am
General Motors and Chrysler merger on hold as aid hopes fade

General Motors and Chrysler merger on hold as aid hopes fade

A deal to merge General Motors Corp and Chrysler LLC has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said. This puts any merger of the struggling automakers on hold until after the
Published 01 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 31, 2008).

Published 01 Nov, 2008 12:00am
UN rules out withdrawal of missions on LoC

UN rules out withdrawal of missions on LoC

Ruling out withdrawal of its observer missions from Pakistan and India on Line of Control, UN Secretary General Ban Ki-moon said Composite Dialogue process should continue between both the countries to maintain peace in South Asia.
Published 01 Nov, 2008 12:00am
KCA official cotton spot rate set on upward march

KCA official cotton spot rate set on upward march

The official spot rate was on upward march as mills continued buying, dealers said on the cotton market on Friday.The official spot rate was raised by Rs 75 to Rs 3125, they said. Phutti prices in Sindh and Punjab were unchanged at Rs 1500-1600, they said
Published 01 Nov, 2008 12:00am
Manpower export: a boon or bane?

Manpower export: a boon or bane?

The Chairman of National Vocational and Technical Education Commission, Adnan A. Khawaja has said that skilled workforce would be sent to the Middle East to increase the flow of home remittances. Remittances are, in fact, already playing a vital role in P
Published 01 Nov, 2008 12:00am
South Korea plans new crisis measures

South Korea plans new crisis measures

South Korea is working on fresh steps to cushion the economy from the global credit crisis and to build on signs of a tentative return of investor confidence that carried the stock market to a record rally this week. Authorities have already put together
Published 01 Nov, 2008 12:00am
UN rules out withdrawal of missions on LoC

UN rules out withdrawal of missions on LoC

Ruling out withdrawal of its observer missions from Pakistan and India on Line of Control, UN Secretary General Ban Ki-moon said Composite Dialogue process should continue between both the countries to maintain peace in South Asia.
Published 01 Nov, 2008 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures fell on Thursday along with a declining commodities sector in general, as a firmer US dollar, dull exports and abundant global wheat supplies weighed on prices, traders said. Weak third-quarter US economic data fuelled fears of slowing de
Published 01 Nov, 2008 12:00am
Special economic zones

Special economic zones

According to a Recorder Report, a move is afoot to establish Special Economic Zones (SEZs) in place of the existing industrial and export processing zones so as to promote sector-specific economic activity. As per a proposal prepared by the Ministries of
Published 01 Nov, 2008 12:00am
Alfa Bank requests $400 million state loan

Alfa Bank requests $400 million state loan

Alfa Bank, one of Russia's largest private banks, has requested a maximum $400 million subordinated loan from state bank VEB and expects shareholders to inject a further $400 million, its president said on Friday. "We have submitted an order for the subor
Published 01 Nov, 2008 12:00am
Oil ends up but monthly drop biggest ever

Oil ends up but monthly drop biggest ever

Oil rose almost 3 percent on Friday on a late short-covering rally after slumping demand pushed crude to the biggest monthly drop ever in October. US crude settled up $1.85, 2.8 percent, at $67.81 a barrel, but ended the month down more than 32 percent -
Published 01 Nov, 2008 12:00am
KCBT wheat futures end four percent lower

KCBT wheat futures end four percent lower

Hard red winter wheat futures on the Kansas City Board of Trade ended sharply lower Thursday, setting back as a reversal in crude oil led commodities lower. After rallying 8 percent on Wednesday, the KCBT December wheat contract ended Thursday down 24-1/2
Published 01 Nov, 2008 12:00am
Framework for consolidated supervision of financial sector: SBP scheme

Framework for consolidated supervision of financial sector: SBP scheme

Key structural transformation has been the evolution of large and complex global financial institutions and structures that, given their inherent size and strengths, have promoted financial engineering and innovation, exploited new avenues of financial le
Published 01 Nov, 2008 12:00am
Germany falls into recession in third quarter

Germany falls into recession in third quarter

German gross domestic product (GDP) probably contracted by about 0.25 percent in the July-September period, putting the economy into technical recession, a government official familiar with the data said. The official told Reuters on Friday that governmen
Published 01 Nov, 2008 12:00am
The Weather

The Weather

The weather report on Friday (October 31, 2008)and the forecast for Saturday (September 01, 2008).

Published 01 Nov, 2008 12:00am
Copper falls 9 percent

Copper falls 9 percent

Copper pulled most of the industrial metals deep into negative territory on Friday, losing almost 9 percent as concerns over global demand triggered a sell-off across commodities. "The outlook for demand doesn't look good," said Triland Metals trader Mich
Published 01 Nov, 2008 12:00am
China soy imports to stay strong

China soy imports to stay strong

Imports of US soybeans to China reached the weekly highest level in the month as Beijing's purchases of state reserves drove domestic prices up above US soy prices, a survey by an official think-tank showed on Friday.
Published 01 Nov, 2008 12:00am
In the hands of Afghanistan's Taliban, life is cheap

In the hands of Afghanistan's Taliban, life is cheap

We will behead him," threatens a 25-year-old, self-proclaimed Taliban, as day-long negotiations on the fate of a shopkeeper abducted five days ago reach a critical point. Four worried-looking male relatives of captured Abdul Ahmad sit with their backs aga
Published 01 Nov, 2008 12:00am
Spanish economy contracts for first time since 1993

Spanish economy contracts for first time since 1993

Spain's economy contracted 0.2 percent in the third quarter compared with the previous three months, suffering its first quarterly decline since 1993 as a global financial crisis pushed the country towards recession.
Published 01 Nov, 2008 12:00am
Rain, old trees, disease cut Ivorian cocoa yields

Rain, old trees, disease cut Ivorian cocoa yields

Disease, delays, a farmers' strike and management reshuffles - the new cocoa season in Ivory Coast has had its share of disruption, and the amount of beans ready for export is well down on this time last year.
Published 01 Nov, 2008 12:00am
New York cotton futures near four-year low

New York cotton futures near four-year low

Cotton futures settled on Friday near a 4-year low on all-around sales as poor demand and the increasing bite of a global recession may further deflate fibre prices in the weeks ahead, brokers said. The key December cotton contract fell 0.80 cent or 1.7 p
Published 01 Nov, 2008 12:00am
US Midwest bids for corn and soy steady

US Midwest bids for corn and soy steady

Spot corn bids at interior US Midwest locations were mostly steady on Thursday, but prices at Iowa river locations remained under pressure from higher barge freight. Soybean basis values were mostly steady. Traders expecting corn harvest to advance this w
Published 01 Nov, 2008 12:00am
Let KSE Board explain

Let KSE Board explain

It was a pleasant surprise to see the directors of the KSE on the television advising the nation that they have decided to continue with the floor requirements as the modalities for additional financing by the Government of Pakistan has not been 100% comp
Published 01 Nov, 2008 12:00am
Sri Lanka annual inflation hits six-year high

Sri Lanka annual inflation hits six-year high

Sri Lanka's annual average inflation rose to 23.4 percent in October from 23.2 percent in September, the government said on Friday. It was the highest level on a new index, introduced last December, based on 2002 prices. However, consumer price inflation
Published 01 Nov, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 89,070 tonnes of cargo including 45,281 tonnes of import, 43,789 tonnes of export cargo and 5,199 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Friday. The freights comprised of 84,370 tonnes of d
Published 01 Nov, 2008 12:00am
Libya paid $1.5 billion to fund for terrorism victims

Libya paid $1.5 billion to fund for terrorism victims

Libya has paid $1.5 billion into a fund for victims of terrorism, the US State Department said on Friday, a step that will remove a major obstacle to improving US-Libyan ties. "The (Bush) administration will now move expeditiously to arrange for distribut
Published 01 Nov, 2008 12:00am
People say daylight saving plan didn't click

People say daylight saving plan didn't click

The people are finding difficulties in adjusting themselves to reversed timing, which was forwarded by one-hour in June this year for using more daylight to save energy in wake of the smearing power crisis in the country.
Published 01 Nov, 2008 12:00am
Canadian canola futures settled lower

Canadian canola futures settled lower

Canadian canola futures settled lower on Thursday as the Canadian dollar rallied against the greenback, dimming export prospects, traders said. ICE canola November futures ended $3.80 per tonne lower at $418.50 and January was down $4.80 at $425.40.
Published 01 Nov, 2008 12:00am
Expectations from a noble profession

Expectations from a noble profession

It seems professionalism is almost dead everywhere while craze for money has overwhelmed all of us. During my illness I found how reputable hospitals are fleecing innocent people. Due to wrong medical treatment, many patients are suffering. Physicians sho
Published 01 Nov, 2008 12:00am
Kazakhstan, partners sign Kashagan deal

Kazakhstan, partners sign Kashagan deal

Kazakhstan and a group of Western oil majors developing the huge Kashagan oilfield signed the final agreement on the future of the long-delayed project on Friday, capping months of hard negotiations. The stand-off over the Eni-led field started in August
Published 01 Nov, 2008 12:00am
FWO - A Legend in Nation Building

FWO - A Legend in Nation Building

Frontier Works Organisation (FWO) - a legend in undertaking development projects of national importance and significance, is a self-sustanined Army formation which was established in 1966, with major bulk of its workforce drawn from Army Corps of Engineer
Published 01 Nov, 2008 12:00am
Libya paid $1.5 billion to fund for terrorism victims

Libya paid $1.5 billion to fund for terrorism victims

Libya has paid $1.5 billion into a fund for victims of terrorism, the US State Department said on Friday, a step that will remove a major obstacle to improving US-Libyan ties. "The (Bush) administration will now move expeditiously to arrange for distribut
Published 01 Nov, 2008 12:00am
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