Police in Afghanistan said Wednesday that US-led air strikes against insurgents had killed 100 people, most of them civilians, in one of the deadliest such attacks in nearly eight years. The US military opened an investigation into the operation overnight

Malaysian tin fell 1.7 percent on Wednesday as traders took advantage of the premium over London Metal Exchange prices to lock in some gains, one trader said.

The Finance Ministry is reported to have initiated investigation against a lobby in the Federal Board of Revenue (FBR) which is supporting import of polypropylene (PP) bags, without duty, it is learnt. The probe has been started after a letter was written

US copper finished with steep losses on Tuesday after a profit-taking session pulled prices off the two-week highs set earlier, and with little else to drive prices, traders said equity market declines sent copper down to session lows. Copper for July del

The Finance Ministry is reported to have initiated investigation against a lobby in the Federal Board of Revenue (FBR) which is supporting import of polypropylene (PP) bags, without duty, it is learnt. The probe has been started after a letter was written

Copper rose in London and Shanghai on Wednesday, buoyed by positive US purchasing manager data and comments by the Federal Reserve Chairman that markets are in better shape now than last year. Sentiment got a lift from a report on the US service economy s

The Ministry of Railways, and Port Qasim Authority (PQA) are locked horns over the leasing of additional 250 to 300 acres of land for industrial purposes at Juma Goth, as the PQA insists that it wants to purchase land at Rs 2 million per acre, "without op

Raw sugar futures settled on Tuesday at a 2-3/4 year high on investment fund buying, with brokers saying the market may move higher due to bullish chart patterns and fundamentals. The July raw sugar contract gained 0.13 cent to end at 15.15 cents per lb.

The Ministry of Railways, and Port Qasim Authority (PQA) are locked horns over the leasing of additional 250 to 300 acres of land for industrial purposes at Juma Goth, as the PQA insists that it wants to purchase land at Rs 2 million per acre, "without op

US soyabean futures on the Chicago Board of Trade end mostly lower on Tuesday on profit-taking after this week's rally to a 7-month top and prospects for more US soya acres if rains limit corn seedings, traders said. But old-crop-new-crop spreads stayed f

The Ministry of Railways, and Port Qasim Authority (PQA) are locked horns over the leasing of additional 250 to 300 acres of land for industrial purposes at Juma Goth, as the PQA insists that it wants to purchase land at Rs 2 million per acre, "without op

Malaysian palm oil futures rose 2.1 percent on Wednesday, recouping most of the losses from a day earlier on concerns over tight supplies, traders said. The benchmark July contract rose 55 ringgit to 2,680 ringgit per tonne ($758.99). Overall volume was n

Prime Minister's Secretariat has been informed that the in 'Shershah bridge collapse', apparently prepared by a six-member panel, was tampered with to save the skin of some 'heavyweight culprits'. "The inquiry report, prepared by the six-member inquiry co

Vietnam has cut the floor price for its top export quality 5 percent broken rice to between $430 and $440 a tonne from $460 after it lifted export restrictions, an industry official said on Wednesday. The floor for 25 percent broken rice remained at $400

Prime Minister's Secretariat has been informed that the in 'Shershah bridge collapse', apparently prepared by a six-member panel, was tampered with to save the skin of some 'heavyweight culprits'. "The inquiry report, prepared by the six-member inquiry co

US rice futures on the Chicago Board of Trade closed weak on Tuesday after a lightly traded session. Prices kept within recent ranges as large global supplies coupled with strong export demand overhangs prices. May settled down 1 cent at $12.78 per hundre

Minister for Tourism, Maulana Atta-ur-Rahman, Minister for Railways, Ghulam Ahmad Bilour, Minister for Safron, Najmuddin Khan and Minister for Investment, Waqar Ahmad Khan separately called on Prime Minister, Syed Yousaf Raza Gilani on Wednesday.

New York gold futures ended higher on Tuesday as positive US economic data and inflation concerns revived fund interest, but increasing risk appetite amid better stock markets could dent safe-haven demand. Gold for June delivery settled up $2.10 at $904.3

The Finance Ministry is reported to have initiated investigation against a lobby in the Federal Board of Revenue (FBR) which is supporting import of polypropylene (PP) bags, without duty, it is learnt. The probe has been started after a letter was written

Gold dipped almost 1 percent on Wednesday after a firmer US dollar spurred selling, with investors turning their attention to the results of stress tests on US banks that could potentially benefit the metal. The US government stress test results are due o

The Finance Ministry has released Rs 120 billion for the ongoing development projects under Public Sector Development Programme (PSDP) during the first nine months (July-March) of the 2008-09 financial year. Sources revealed to the Business Recorder </