US copper futures fell sharply at the open on Tuesday, erasing nearly all of the previous session's rally as a five-year high in warehouse stock levels and grim economic data weighed on sentiment.
US gold futures dropped 1.5 percent Tuesday as investors took profits after the price of bullion recently rallied based on safe-haven buying amid economic worries and strong investment demand. Gold for February delivery was down $11.30, or 1.3 percent, at
City Nazim, Syed Mustafa Kamal has said that City District Government Karachi (CDGK) is establishing a well standard public school in Gadap Town. The building has been constructed on an area of 50 acres and other infrastructure has been completed, he said
Advisor to Chief Minister for Enquiries and Anti-Corruption Establishment, Gul Mohammed Lot on Tuesday directed the ACE officials to compile a record about quality of development works done in various jails in Sindh during the last 3 years.
The member provincial assembly (MPA) Anwar Saifullah Khan here on Tuesday expressed his deep concern over the lack of facilities in boys and girls schools in PF-74 constituency of Lakki Marwat district.
A lady teacher has been suspended here for torturing students and an inquiry has also been ordered in this regard. According to details Gul-e-Nasreen, teacher of Govt Girls High School Maghian, Tehsil Pindigheb physically tortured some 14 students of seve
NWFP Governor Owais Ahmed Ghani said on Tuesday that restoration of complete peace in the entire region is subject to complete normalisation of the situation in Afghanistan. He was talking to an eight-member delegation, comprising office bearers of Khidma
To combat the manufacturing of spurious drugs and quackery in Punjab "Drug Rules 2007" are being amended to award exemplary punishment to the violators while network of drug inspectors would also be purged of corrupt, dishonest and bad reputed elements.
To combat the manufacturing of spurious drugs and quackery in Punjab "Drug Rules 2007" are being amended to award exemplary punishment to the violators while network of drug inspectors would also be purged of corrupt, dishonest and bad reputed elements.
Several patients' attendants have complained that most of the employees deployed at laboratories of Federal Government Services Hospital (FGSH) are unaware of international standard set to protect others from receiving virus.
The Multan Chamber of Commerce and Industry (MCCI) has endorsed the five-point formula of LCCI to overcome ongoing economic crisis after due consultation with stakeholders and economic experts, if acted upon, could put the economy back on the rails.
Pakistan and its people will stand with Palestinians in their just struggle for independence in accordance with the UN resolution. This was stated by State Minister for Foreign Affairs Nawabzada Malik Amad Khan while handing over the relief consignment to
Pakistan's High commissioner to India Shahid Malik on Tuesday said that India has not yet replied to Pakistan's offer of joint investigations of the Mumbai terror strikes. In an interview with private TV channel, he expressed the hope that India would agr
The notification of portfolios of the 23 members of AJK cabinet has been issued here and after completion of consultation with the coalition partners, the Prime Minister Sardar Muhammad Yaqoob Khan has given formal approval in this regard, sources added.
Pakistanis and Kashmiris would form 'Human Chains' at the bridges that connect AJK with Pakistan as a gesture to express solidarity on February 5. Pakistanis and Kashmiris, at home and abroad, would also hold seminars, rallies and interact with media on F
The date and venue of lawyers long march would be decided on February 7 in the meeting of steering committee and it would probably start from Multan, said president Mehmood Ashraf Khan and general secretary Rana Naveed Akhtar while addressing a press conf
The Punjab government has planned to lease out state land up to 12.5 acres to suitable educated people, landless farmers and peasants, having up to four acres of land. This scheme would help increase food production and benefit farmers in rural hinterland
Special Narcotics Court Multan headed by Muhammad Aslam Pervez has awarded two years rigorous imprisonment and fined Rs 50,000 (641 dollars) to a Nigerian National John Moshimova. He would have to undergo for further six months imprisonment in default of
With reference to Business Talk: 'we have to move towards VAT mode to bring retail sector into tax net' (24th January), I suggest that major incentives be given to consumers to make VAT successful. In many countries (like Turkey, Taiwan and India), consum
President Barack H Obama's decision to restrict his team from involvement in role of lobbyists has set a code of ethics, which members of his political establishment will have to follow. Washington has for many decades been inundated by lobbyists, who min
Like many Britons of his generation, 66-year-old Ken Bibby is proud to have worked hard, watched his pennies and paid his way, but after 50 years saving for his old age, he says his prudence is being punished. Sinking interest rates in the United States a
In a way, I have only flowers on my mind today, despite the depressing distractions that are always there around us, amidst us. Flowers and calendars and flowers on calendars. It is a beautiful way to talk of time. Of the seasons and accompanying moods th
In the mere 18 minutes of his inaugural address President Barack Obama swept away what The New York Times editorial on January 21, 2009 called "eight years of President George Bush's false choices and failed policies." Obama was cordial and reciprocated B
United States Commander for Southwest Asia General David Petraeus, while on a recent visit to Pakistan, stated that the United States has negotiated new supply lines for American and Nato troops stationed in Afghanistan.
Without a doubt, Punjab Chief Minister Shahbaz Sharif had many receptive ears when he said on Sunday that those who sold spurious medicines deserve no leniency, and that action is being taken against people involved in that business. Three task forces hav
The Swat chapter of the Tehrik-e-Taliban Pakistan (TTP) has summoned some 47 notables along with their families to their Sharia courts within a week, or face "action". What is in store for the summoned one would not hazard a guess except recalling recent
German commercial consular Gudrun Haider on Tuesday assured the hosiery manufacturers-cum-exporters that the issue of duty free access to the EU market would be solved in the near future. But, she termed the signing of Free Trade Agreement with Pakistan a
The staff and brokers at the Land Management Department (LMD) of City District Government Karachi (CDGK) are fleecing the people who come to the department for solving their problems like transfer of property etc. People mostly have to bribe LMD officials
Sindh Government has approved a water supply pipeline project for Site Nooriabad. Sindh Minister for Industries and Commerce Rauf Siddiqui will perform the ground breaking of Rs 1064.133 project on January 29 that would bring water from Keenjhar Lake to S
Tuwairqi Steel Mills Limited (TSML), Pakistan's first private-sector integrated steel manufacturing project of Al Tuwairqi Holding, has completed construction of a 107-meter high Reduction Furnace Tower at Bin Qasim Port, Karachi. With the successful comp
After a lapse of almost 31 years, original allottees of plots in Gulshan-e-Roomi were handed over possession on the Intervention of National Accountability Bureau (NAB), Sindh, here on Tuesday. The project, situated in the limits of Malir Cantonment Board
Federal Minister for Communications Dr Arbab Alamgir Khan on Tuesday directed the concerned authorities to start construction of three bridges costing Rs 131.178 billion within two weeks.
Minister of State for Industries and Production, Dr Ayatullah Durrani has said that present government is working on a plan to develop industrial sector as this will strengthen economy of the country. He was speaking at a briefing meeting of State Enginee
Non-availability of prescribed free-of-cost medicines at the Outpatient Department (OPD) of Civil Hospital, Karachi, and medical treatment is causing undue harassment to patients who visit the hospital in hundreds every day. Hospital administration, inste
The Provincial Minister for Excise and Taxation, Mukesh Kumar Chawla has, while taking notice of newspaper reports, warned that if any liquor shop is found open on a Friday, not only its licence will be cancelled but strict action will also be taken again
Commecs Institute of Business and Emerging Sciences organised its closing ceremony of Sports Gala 2009 on January 24, at National Training and Coaching Centre. Hockey Olympian Qamar Ibraheem was the chief guest, whereas Arshad Islam, Member Managing Commi
At least 40 to 50 people including both men and women stormed Haleem Ghar, a known restaurant in Peshawar Cantonment and besides smashing tables and chairs also beat the waiters busy in serving the customers on Tuesday afternoon. According to employees of
Provincial Irrigation & Power Department has completed 75 percent work of desilting of perennial canals in the province while 100 percent target will be achieved by the end of this month. This was disclosed by Senior Minister, Raja Riaz Ahmad while presid
The University of Karachi on Tuesday announced the result of M.Sc., Home Economics (Previous) Annual Examination 2008. According to statistics, 82 candidates appeared in the examination and of these 55 were declared as successful with a pass percentage of
Director General Airports Security Force Brigadier Fiaz Ahmed Satti, SI (M) inaugurated the ASF Technology Centre at Headquarters ASF Karachi on Tuesday, attended by serving and retired officers of Airports Security Force. The Technology Centre will house
Climate changes and irrational use of resources pose serious threat to life on the planet, and chasing growth and development endeavours has put a heavy burden on environment sustainability, said Federal Environment Minister Hameed Ullah Jan Afridi here o
Malik Muhammad Ramzan and Jam Hazur Bukhsh have been nominated as the new Secretary General and Vice-President of the Kisan Board Pakistan (KBP), respectively Their elevation to this post was announced at the annual meeting of the General Council of the B
The provincial cabinet ministers belonging to PPP will start holding open katcheries from next month to address public problems and complaints as per directives of the PPP Co-chairman Asif Ali Zardari and for this purpose People's Secretariat is being est
The health policy provides an overall national vision for health sector based on "Health for All" approach, said Federal Health Minister Aijaz Hussain Jakhrani here on Tuesday.
A five member delegation of Canadian Solar Incorporation (CSI), headed by Special Advisor to Immigration Minister, Canada, Wajid Khan called on Chairman, National Vocational & Technical Education Commission (NAVTEC), Adnan A. Khawaja in his office at the
Pakistan Muslim League (N) has put off the submission of 19th amendment in Parliament and decided to include all the sections of Charter of Democracy (CoD) in the 18th amendment bill which will be tabled in the parliament shortly.
A Hifz-o-Qirat competition among students of Deeni Madaris of the Islamabad Capital Territory (ICT) will be held at a local mosque here on February 19. The students up to 25 years of age are allowed to participate in the competition to be organised by Dis
Advisor to Prime Minister on Interior Rehman Malik has expressed satisfaction on the ongoing military operation in Swat and Tribal Areas, saying that the forces were succeeding in fight against terrorism in Swat and Tribal Areas while people would see a c
International Development Association (IDA) will provide US $25 million for "Trade and Transport Facilitation Project - II" to improve performance of trade and transport logistics by facilitating the implementation of the NTCIP; and the simplification and
Farmers of Faisalabad and Toba Tek Singh districts have protested over the continuous closure of water in Jhang Branch Canal. Addressing a protest meeting near Toba Tek Singh, the farmers leaders said that under Warabani schedule programme the said canal
According to the international parameters, from next financial year, Punjab would be allocated budget for health sector, said Rana Sana Ullah Khan, Provincial Minister for Law and Parliamentary Affairs. Addressing a function in Punjab Medical College (PMC
The chairman of Pakistan Cotton Ginners Association (PCGA), Muhammad Akram Jatt, on Tuesday, hailed government efforts to take the ginners out of the crisis by clearing their dues and lifting 1,00,000 bales cotton. He told Business Recorder that Tr
The Model Customs Collectorate, Faisalabad, observed the "International Customs Day" at Faisalabad Dry Port. The celebration of International Customs Day started with hoisting of national flag by Zulfiqar Ali Kazmi, Collector MCC while Saud Imran Ahmed, A
The government is determined to ameliorate the plight of poor farmers, and has taken concrete and solid steps for increasing agricultural production. This was stated by Ahmad Ali Aulakh, Punjab Minister for Agriculture, in the meeting of annual research p
The secretary finance Punjab has released a grant amounting Rs 116 million on account of salaries of assistant lecturers recruited on ad hoc basis. Education department sources said here on Tuesday that a total of 2,422 assistant lecturers have been recru
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).
Multan Division chief of People's Labour Bureau Malik Bashir Ahmed on Tuesday welcomed the parameters of the new privatisation policy for selling public sector enterprises under the concept of public-private partnership (PPP). Talking to newsmen, he said
Trading Corporation of Pakistan (TCP) has floated another tender for the purchase of 5,000 metric tons each of super Basmati and IRRI-6 rice of new crop. A TCP official said here on Tuesday that the decision to purchase the rice had been taken on the inst
The Secretary to Government of Sindh, Revenue Department after declaring the 25 dehs of Taluka Umerkot as "Calamity Affected Areas" by the Relief Department due to non occurrence of sufficient rains during monsoon 2008 and the decisions taken in the meeti
Consul General of France, Pierre Seillan has said that Pakistan should market the name for attracting investment and should build image to give confidence to attract overseas investments.
The Small and Medium Enterprises Development Authority (Smeda) and Department of Social Welfare and Women Development NWFP Tuesday signed a memorandum of understanding (MoU) for the establishment of a Women Business Development Centre (WBDC) in the provin
The Supreme Court on Tuesday summoned proposer and seconder of Nawaz Sharif along with their affidavits pertaining to submissions made by their counsels for constitution of larger bench to decide Sharif's electoral eligibility.
Members of the Pakistan Senate and National Assembly will review the state of education in Pakistan at a Consultation convened by Pakistan Institute of Legislative Development and Transparency (Pildat) in association with United Nations Educational, Scien
JUI-F on Tuesday announced to protest against re-allowing of conventional banking in a public sector bank and vowed to resist the move of the government with tooth and nail.
Beverage industry of Pakistan has started feeling pinch of prevailing recession in the country and during 2008-09 the industry may have negative growth. During last three years, beverage industry was growing at the rate of 20 to 22 percent per annum. Howe
Federal Minister for Railways Ghulam Ahmad Bilour has expressed his profound grief over the sad demise of Dr Ahmad Hassan Dani. In his condolence message, the minister paid rich tribute to the services rendered by Dr Ahmad Hassan Dani in the field of arch
Federal Minister for Postal Services Mir Israr Ullah Zehri has taken stern notice of the negligence of two postal employees and suspended both of them from service for not supervising the delivery process efficiently and delivering a registered letter to
The 17th Annual Executives Conference (AEC) of Soneri Bank Limited was held at Sheraton Hotel. The AEC was chaired by the President Safar Ali K Lakhani and attended by all the Regional General Managers as well as the Senior Management of the bank.
President Asif Ali Zardari conferred Nishan-i-Imtiaz (Military) on Admiral Noman Bashir, Chief of the Naval Staff, at a special investiture ceremony at the Aiwan e Sadr on Tuesday in recognition of his services. The citation read out on the occasio
Standing committee on States and Frontier Regions (Safron) met under the chairmanship of Sajid Hussain Turi, MNA in the Parliament House on Tuesday afternoon. The committee examined "The Rulers of Acceding States (Abolition of Privy Purses & Privileges) (
World Health Organisation (WHO) is going to establish a combined task force committee in collaboration with Church World Service-Pakistan and Afghanistan and other partners.
The Parliamentary Committee on National Security has condemned the US Drone attacks in tribal areas and asked the new US administration to revisit its strategy. This was stated by committee chairman Mian Raza Rabbani here on Tuesday after the meeting at t
Fakhar Zaman, Chairman Pakistan Academy of Letters (PAL) said on Tuesday that PAL will arrange an International Literary Conference on "Sufi-ism and Peace" in April 2009.
Rising trend was seen on the interbank market on Tuesday as the rupee appreciated by 10 paisa versus dollar for buying at 78.85 and it also gained 15 paisa for selling at 78.90 respectively, dealers said. The dollar was in demand but there were some dolla
City Nazim Syed Mustafa Kamal has expressed displeasure on the poor working of Chief Revenue Officer and all directors of Karachi Water and Sewerage Board (KWSB). According to a press release issued on Tuesday, taking strict notice of the failure in recov
Rising trend was seen on the interbank market on Tuesday as the rupee appreciated by 10 paisa versus dollar for buying at 78.85 and it also gained 15 paisa for selling at 78.90 respectively, dealers said. The dollar was in demand but there were some dolla
Prime Minister Syed Yousaf Raza Gilani Tuesday said he would discuss with world leaders the need for greater economic co-operation and measures for poverty alleviation in his meetings at the World Economic Forum moot in Switzerland.
Crescent Commercial Bank Limited was a scheduled commercial bank, licenced by the State Bank of Pakistan (SBP) under Section 27 of the Banking Companies Ordinance, 1962. Looking back, CresBank was formed as a result of an agreement between Crescent Invest
The newly established international renewable energy agency (IRENA) can play vital role in meeting energy demands of Pakistan for which Germany is ready to provide full technical co-operation under the Pak-German Energy Efficiency program (2008-2011).
Crescent Commercial Bank Limited was a scheduled commercial bank, licenced by the State Bank of Pakistan (SBP) under Section 27 of the Banking Companies Ordinance, 1962. Looking back, CresBank was formed as a result of an agreement between Crescent Invest
In the wake of current global economic crises, it become important for the business graduates to develop comprehensive strategy by learning modern techniques for avoiding such financial crises in future.