March cocoa at Liffe ended 15 pounds higher at 2,159 pounds a tonne on Wednesday after earlier climbing to a 24-1/2 year peak for the second month of 2,173 pounds. Market buoyed by rise in German third-quarter grind. December white sugar ended $18.70 lowe
Gold set record highs for a second straight session on Wednesday as dollar weakness and mounting worries about potential inflation polished the precious metal's appeal to investors. Spot gold hit a historic $1,048.20 an ounce, before easing to $1,040.50 a
Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. December arabica coffee contract rose 1.00 cent to $1.3460 per lb at 11:09 am EDT (1509 GMT). Session range from $1.3305 to $1.3535. Arabica coffee futures firm on a lack
Chicago Board of Trade wheat futures fell early on Wednesday as traders locked in profits following a rally earlier in the week. At 10:01 am CDT (1501 GMT), CBOT December wheat was down 3-3/4 cents at $4.56-1/2 a bushel. December corn down 1/2 cent at $3.
US copper futures crept up in early business on Wednesday with the help of a steadier tone on Wall Street, but the combination of a stabilising dollar and caution ahead of the start to earnings season capped gains. Copper for December delivery up 1.10 cen
US gold futures rose to record highs for a second straight session early on Wednesday as investors sought the metal amid mounting worries about potential inflation that encouraged investors to buy the precious metal. Most-active December gold futures up $
World Post Day would be celebrated on October nine through out the world including Pakistan. It is anniversary of the establishment of the Universal Postal Union (UPU)in 1874 in the Swiss Capital, Bern. It was declared World Post Day by the UPU Congress h
Department of tourist services, Ministry of Tourism, Islamabad, has taken steps to ensure fair rates of hotels and restaurants throughout the country. The owners of hotels and restaurants all over the country are therefore directed to contact their neares
Musharraf has now admitted his guilt against his illegal and arbitrary action in sending home the Supreme Court Judges and subsequently enforcing emergency in the country. Had he admitted these follies earlier, he would have been saved from the harsh crit
For nine long years, the Chaudhries of Gujrat, have ruled and plundered Punjab, courtesy Musharraf's illegitimate and unconstitutional rule. Pakistan's tragedy has been the continuous domination of this country by uniformed mediocrity, with their penchant
As the dollar's dominance fades with the emergence of a multipolar world, gold may stand to gain the most of all assets thanks to an unlikely quality - neutrality. While no major currency is likely to replace the dollar anytime soon, the need for an alter
"Congratulations! You have won Rs 10,000 in an automated lucky draw. To claim your winning amount, write this code XXXXX in reply to this message. You will be contacted by our representative very soon" this is a factual example of a commonly received SMS
Public criticism of the Kerry-Lugar Bill refuses to die down. President Zardari chaired a meeting of his party leaders on Monday, directing them to mount a vigorous response to the criticism. Briefing the media presidential spokesman, Farhatullah Baber, s
It seems that world financial managers are prepared to assign more potent role to the World Bank and increase its lending resources accordingly. At the latest annual meetings of the IMF and the World Bank in Istanbul, finance and development ministers aro
Some of the conditions in the Kerry-Lugar bill, which awaits president Obama's signature, have generated a bitter controversy in Pakistan. Addressing a meeting of senior PPP leaders, President Zardari asked them to stoutly defend the bill and to project t
The sudden disconnection of gas supply to the captive power generation plants of Faisalabad by SNGPL is a sheer violation of the trade and textile policies announced by the government, the Senior Vice President Faisalabad Chamber of Commerce and Industry
Minister for Petroleum and Natural Resources, Syed Naveed Qamar on Wednesday inaugurated the Pakistan leg of CNG Car Rally organised by Asian Natural Gas Vehicles Association - ANGVA.
The Supreme Court on Wednesday directed the Bank of Punjab (BoP) to follow the relevant law and approach the accountability court for attachment of property of Rs 9 billion defaulter - Haris Steel Industries (HSI).
Insufficient technical, human and financial resources are hindering the Ministry of Environment in expanding the protected areas coverage. This was stated by Kamran Lashari, Federal Secretary, the Ministry of Environment at the inaugural ceremony of a two
In pursuance of the directives of President Asif Ali Zardari for women empowerment and alleviate rural poverty, the Zarai Taraqiati Bank Ltd has initiated "Benazir Credit Programme" for lending to women. The President ZTBL Zaka Ashraf has announced the ne
A meeting of Neelum Jhelum Hydropower Project's Board of Management has reviewed main features of the project that included Nauseri Area, headrace tunnel, Chattar Kalas Area development issues and sedimentation basins on the Neelum river. The meeting was
The Lahore High Court has called for reports from Secretary Health in a petition filed by Dr Muhammad Tariq Hameed and others challenging the contract policy of the government health department. The petitioner contended that they are qualified and post-gr
The First Indonesian Solo Exhibition will be organised at a local hotel from October 10, said Trigustono Supriyanto, acting Consul General of Indonesia in Karachi, at a press conference on Wednesday. Supriyanto said that the two-day show is a comprehensiv
The provincial chief of Pakistan Kissan Board, Khurshid Ahmed Kanju, has said: "We had knocked the doors of the judiciary to save the land from foreign countries and we are optimistic that we would get justice very soon."
Arrangements are being finalised for operating Hajj flights from Sialkot International Airport, said Chairman Sialkot International Airport, Naeem Akhtar. Talking to Business Recorder here Wednesday, Akhtar said the first Hajj flight carrying 470 p
The Divisional administration has confiscated 2.35 million 50 kg bags of sugar from 15 sugar mills and had evolved a mechanism to sale it to consumers at Rs 40/- per kg, said Commissioner Tahir Hussain here on Wednesday. Special sale points had been set u
The Federal Committee on Agriculture (FCA) will meet on October 12 to review the Kharif crop production and fix targets for the next Rabi crop production. The meeting would be held under the chairmanship of Federal Minister for Food and Agriculture, Nazar
An amount of Rs 50 million has been allocated by the "Punjab Sasti Roti Authority" for the programme of installation of mechanical tandoors in the different cities of the province while the numbers of manual tandoors are being enhanced from 12,000 to 20,0
Pakistan Telecommunication Authority (PTA) has seized two networks of illegal gateway exchanges in Lahore, which were causing huge loss to the national exchequer. PTA and Federal Investigation Agency (FIA) launched crack down on illegal gateway operators
Former Chairman Pakistan Hardware Merchants Association and former Executive Member of LCCI, Sardar Usman Ghani has been elected Executive Member of International Federation of Hardware and Houseware Association, one of the most prestigious organisations
Punjab Minister for Agriculture Malik Ahmad Ali Aulakh has directed the officials concerned to accelerate the pace of implementation of Annual Development Programme (ADP) projects being executed by Agriculture department, Punjab. He was chairing a meeting
Etihad Airways, the national airline of the United Arab Emirates, is offering excellent discounted fares from Karachi to Toronto in Canada, this fall for only Rs 90,890. Etihad Airways flies to Toronto three times a week from Karachi, via Etihad's home ba
Pakistan People's Party (PPP) has made comprehensive strategies to benefit from the decline in the popularity of Nawaz Sharif and efforts are being made to create further dent in the popularity of Pakistan Muslim League Nawaz (PML-N) in Punjab. The PPP le
The Lahore High Court (LHC) while staying contractual appointments in Irrigation department, sought report from respondents for October 03. The court issued these orders in a petition filed by Azhar Ali Khan, a SDO of the department. Petitioner submitted
Islamabad Capital Territory (ICT) Quality Control Board has decided seven cases of violations of Drug Act committed by the medical stores and also issued orders for further legal actions against them. Chief Commissioner and Chairman ICT Quality Control Bo
Standard Chartered Bank Pakistan (SCBP), the largest international Bank in Pakistan, has signed a strategic co-operation agreement with Pak-Qatar Family Takaful, Pakistan's first and largest family Takaful operator, and FWU AG, a global facilitator of ban
President, Foundation for the Defence of Democracies, United States of America, Clifford May, will address the members of the Pakistan Institute of International Affairs (PIIA), on Thursday (today). He will address on "the Current State of Global Terroris
Managing Director, Pakistan Bait-ul-Mal(PBM), Zammurrad Khan has announced a financial assistance of Rs 0.5 million for Orphan Children Academy on monthly basis. The financial grant would be utilised for providing food package on daily basis for 500 to 80
Director General of the Airport Security Force (ASF), Brigadier Sahir Aslam Butt (Retd) the other day announced promotion and distributed cash prizes and commendatory certificates to those security personnel who had foiled attempts to smuggle arms and dru
The Amreli Steels (Pvt) Limited, which has developed its infrastructure, is waiting provision of basic utilities by Sindh government so that the remaining construction work could be completed as soon as possible, it is learnt. According to sources, the Am
The Karachi Electric Supply Corporation (KESC) is continue practising un-announced load shedding to save furnace oil leading to non production of electricity at its full capacity. Due to this non-ethical practice of KESC, consumers are passing their lives
Asad Ali Shah, President of the Institute of Chartered Accountants of Pakistan (ICAP), has been elected as Chairman of the inter-governmental working group of experts on International Standards on Accounting and Reporting (ISAR) of the United Nations Comm
Chairman, All Pakistan Paper Merchants Association (APPMA), Muhammad Saleem has urged the Prime Minister, Syed Yousuf Raza Gilani to direct concerned authorities to reduce import duty on offset paper and paper board used in printing of books, copies and p
David Goldwyn, the State Department's co-ordinator for international energy engagement, will lead later this month a government team for a dialogue with the Pakistani Government on energy policy and investment. Secretary of State, Hillary Clinton told new
Special Investigation Group (SIG) of Federal Investigation Agency (FIA) has revealed that foreign intelligence agencies, including Blackwater penetrated in all parts of the country through private security agencies or the security companies run by foreign
Islamabad police have decided to boost up the security measures and also check personnel in uniform of law enforcement agencies and vehicles displaying official number plates. The decision to this effect was made by the Inspector General of Police Islamab
Pakistan Space and Upper Atmosphere Research Commission (Suparco) on Wednesday organised a series of lectures pertaining to space awareness for science teachers of various schools. More than 40 teachers from 20 public and private schools attended the lect
The furniture and other valuables worth millions of rupees of Royal Bank of Scotland (RBS) branch located in Clifton reduced to ashes due to a huge fire in bank's basement on Wednesday. The fire took place in the basement of a bank located at Main Zamzama
AT least ten persons, including seven children of a family drowned in River Sutlej on Tuesday evening. Four bodies have so far been recovered by the rescue team while another six persons are still missing. DPO Bahawalnagar Abdul Qadar Qayyum said.
A Ukrainian defence delegation led by Deputy Defence Minister Oleksandr Pinskiy called on Minister for Defence Production Abdul Qayyum Khan Jatoi here, on Wednesday, and discussed with him matters of mutual interest. The meeting underlined the need for un
A former federal minister, Shaukat Hayat Bosan, has said that the present government is not clear about the procurement of paddy from the growers. He said that the Punjab government has already declined to purchase the upcoming Kharif rice crop, citing la
Deputy Speaker Sindh Assembly Shehla Raza has said Pakistan is fighting the war against terror within limited resources. Talking to Radio Pakistan, she said that terrorists neither deserve to be called human beings nor they have any connection with Islam.
Congratulations! Pakistan finally inched up on HDI rankings. From the 142nd rank in 2006, the country managed to crawl to bag the 141st position in 2007, according to the latest report by United Nations Development Programme. Very soon you would see offic
Forecasting exchange rates is a dicey business. As Alan Greenspan, the former US Fed boss, once said, the activity "has a success rate no better than that of forecasting the outcome of a coin toss." Yet, it is increasingly becoming evident that the greenb
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).
Alarmingly high fiscal slippage, at the end of first quarter current fiscal year, casts serious doubts on the talks of economic recovery. The fiscal deficit seems to have easily missed the first quarter target stipulated by the IMF, whereas on revenue fro
ZONG has now introduced Z20 by subscribing to which, one can call to any network, any time at only 45-paisa per 20 seconds. This is another first by ZONG which has truly taken the lead in raising the bar to provide benefits to its subscribers.
The City District Government Karachi (CDGK) has signed an agreement with Japan International Co-operation Agency (JICA) for evolving the first ever "Transport Master Plan" of the city under JICA funding. According to sources the study under "Transport Imp
Over 150 sales tax auditors and senior auditors on Wednesday demanded of the Federal Board of Revenue (FBR) administration to re-enact the notification for establishing sales tax group to designate positions in the new occupational group 'Inland Revenue S
Former Amir Jamaat-i-Islami Lahore and nominated candidate of JI NA 123, Hafiz Salman Butt has said that if the Pakistan Muslim League-Nawaz (PML-N) does not contest the elections they will lose their support in the masses. He was addressing the press con
Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif here on Wednesday took suo motu notice against Misri Shah police for kidnapping a lawyer and keeping him in illegal detention. The Chief Justice directed SP City division and SHO concerned to a
The Lahore High Court (LHC) has stayed the suspension of MAO college Lahore principal Professor Zafar Mohsan Pirzada who challenged the government policy of punishing the teachers who fail to give better result. Principal of Government Postgraduate Colleg
Traders and industrialists have linked industrial revival with the implementation of the government policies and the ability of its economic managers to fulfil the promises they made with the industrialists at different forums.
The operation theatres of the Faisalabad Institute of Cardiology (FIC) is near to completion while cardiac surgeons, anaesthesia specialists, medical officers, staff nurses and operation theatre staff have been recruited and they are being provided traini
Senior Provincial Minister and PPP Parliamentary Leader in Punjab Assembly Raja Riaz Ahmed has said that PPP, Punjab, has announced its full support to the Kerry-Lugar Bill and endorsed the efforts of President Asif Ali Zardari. He expressed his views whi
Like other parts of the globe, World Mental Health Day will be observed in Pakistan on October 10 (Saturday) in a bid to create awareness about psychological problems and mental health issues among the public. As early recognition of mental illnesses can
In pursuance with Chief Minister of Punjab's announcement, the Punjab University VC Dr Mujahid Kamran has said that one-year expenses including fee, dues, boarding, and lodging charges would be waived-off for the IDPs of Swat, Lower Dir, Upper Dir, Malaka
The women campus of International Islamic University, (IIU) here on Wednesday celebrated the 60th anniversary of the Founding of the People's Republic of China. Organised by the Chinese Muslim Students Union of the IIU, the event was addressed by Chairman
The Chief Justice, Lahore High Court (LHC), here, on Wednesday, disposed of a suo motu case taken in relation to humiliate the women publicly over the alleged charge of running brothel house and directed Inspector General of Punjab Police to transfer the
Pakistan Bar Council (PBC) has declared Munawar Iqbal Gondal as a 'successful-cum-elevated' president of the Lahore High Court Bar Association (LHCBA) showing exit door to incumbent Nasira Iqbal. "It is the victory of rule of law. I am glad that PBC has a
PTCL, being a pioneer and leading organisation in the telecomm sector, is providing number of services like land line phone, Smart TV, broadband and EVO services through land line connection. Advisor of PTCL to Etsalat, Abdalla Hassan Mohamed Hassan Almua
Senior Advisor Chief Minister Punjab Pervaiz Malik has said that the provincial government will overcome the difficulties faced by the traders with their co-operation, as traders and PML-N have been enjoying an exemplary relationship since long. He expres
Chaudhry Zaheer-ud-Din, leader of PML-Q in Punjab Assembly, addressing a press conference here, on Wednesday, said that the provincial government was not sincere in holding the session of Assembly regularly. Meanwhile, the Governor of Punjab Salman Taseer
Head of Muttahida Quami Movement (MQM) Altaf Hussain telephoned Chairman Steering Committee of Pakistan Muslim League (Like Minded Group) and former Foreign Minister Mian Khurshid Mahmud Kasuri from London to discuss with him various provisions of the Ker
The rupee extended its overnight gain against dollar on the currency market on Wednesday in the process of strong demand for dollars, dealers said. On the interbank market the rupee gained 15 paisa against the dollar for buying and selling at 83.10 and 83
Two UK-based organisations are set to launch a pioneering Funding Scheme aimed at strengthening partnerships, and linkages between UK health institutions and their counterparts in the developing countries. THET, a UK-based international health charity, an
The rupee extended its overnight gain against dollar on the currency market on Wednesday in the process of strong demand for dollars, dealers said. On the interbank market the rupee gained 15 paisa against the dollar for buying and selling at 83.10 and 83
The government of Japan has decided to grant financial support of US $87, 292 (approximately Rs 6.97 million), under the "Grant Assistance for Grassroots Human Security Projects", to Al-Shifa Trust, aimed at strengthening eye care services in Kohat. With
Pakistan Tobacco Company Limited (PTC) is part of the British American Tobacco, which is the world's most prominent tobacco group, as its brands sold in 180 markets around the globe. The company produces high quality tobacco products to meet the diverse p
The Higher Education Commission (HEC) has launched Pakistan's first national online scholarship calendar, which will provide the students and families with an one-window operation to access all available scholarships being offered through HEC and 11 pilot