City District Government Karachi (CDGK) and town administrations have successfully lifted/disposed 99 percent offal of sacrificial animals across the city during Eid-ul-Azha, City Nazim Mustafa Kamal told Business Recorder on Monday.

Work on a mountainous road in Indian-held Kashmir near the border with China has been stopped after objections from the Chinese army, an official and a report said Monday. "The road was being built for the locals following their persistent demands," a gov

The following were Friday official prices.

Work on a mountainous road in Indian-held Kashmir near the border with China has been stopped after objections from the Chinese army, an official and a report said Monday. "The road was being built for the locals following their persistent demands," a gov

The following were Friday official prices.

Work on a mountainous road in Indian-held Kashmir near the border with China has been stopped after objections from the Chinese army, an official and a report said Monday. "The road was being built for the locals following their persistent demands," a gov

The following were Friday official prices.

President Barack Obama has offered Pakistan an expanded strategic partnership, including additional military and economic co-operation, as the US seeks closer collaboration with the country against extremist groups operating along Pakistan-Afghanistan bor

The following were Friday official prices.

President Barack Obama has offered Pakistan an expanded strategic partnership, including additional military and economic co-operation, as the US seeks closer collaboration with the country against extremist groups operating along Pakistan-Afghanistan bor

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).

The rupee showed no major variation against dollar in the currency market. However, it fell versus euro during the shortened week ending on November 27, 2009, because of Eid-ul-Azha holidays. On the interbank market, the rupee shed one paisa in relation t

The weather report on Monday (November 30, 2009) and the forecast for Tuesday (November 01, 2009).

The rupee showed no major variation against dollar in the currency market. However, it fell versus euro during the shortened week ending on November 27, 2009, because of Eid-ul-Azha holidays. On the interbank market, the rupee shed one paisa in relation t

Following currency fluctuations took place in foreign exchange rates during the last week. (November 23 to 26 2009).

The World Bank has approved $500 million to support the government programme to regain and maintain economic stability and steer the economy back onto a higher growth path. According to the WB Annual Report-2009, the Bank focused on helping South Asian co

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

The World Bank has approved $500 million to support the government programme to regain and maintain economic stability and steer the economy back onto a higher growth path. According to the WB Annual Report-2009, the Bank focused on helping South Asian co

The World Bank has approved $500 million to support the government programme to regain and maintain economic stability and steer the economy back onto a higher growth path. According to the WB Annual Report-2009, the Bank focused on helping South Asian co

President Asif Ali Zardari has strongly condemned and expressed his concern over the incident of firing at the residence of renowned journalist Kamran Shafi. The President has directed the concerned authorities to take immediate steps to nab the culprits

President Asif Ali Zardari on Saturday prayed for peace, progress and development of the country and for the entire Muslim Ummah. The President offered the Eid prayers here at the President House and was joined by his staff and officials of the Aiwan-e-Sa

Prime Minister Yousuf Raza Gilani on Monday said that he and not President Asif Ali Zardari is running the country. Zardari is under growing pressure to relinquish his sweeping powers that the premier is envisaged to have in the country's original constit

Prime Minister Syed Yusuf Raza Gilani telephoned PML (N) Quaid Mian Muhammad Nawaz Sharif on Saturday to greet him on Eid-ul-Azha. The two leaders exchanged Eid greetings.

The PRO to the Prime Minister on Sunday rejected a report in the Indian press about any relationship between Prime Minister Syed Yousuf Raza Gilani and the family of detained US terror suspect David Coleman Headley alias Daood Gilani. The report is 'incor

Federal Interior Minister Rehman Malik has refuted rumours of his departure in a possible Cabinet reshuffle expected in the coming weeks. Responding to a question on a possible change of his portfolio or his outright exit in the wake of the announcement t

A delegation led by Senator Nilofer Bakhtiar, central senior vice president, PML-Q on Monday visited the residence of the martyrs of CIA Police Station bomb blast incident and offered fateha on the demise of their family members. Those who accompanied the

The federal cabinet has constituted a committee to thoroughly examine the issue of camel jockeys, quantum of funds received from UAE and number of children compensated so far, official sources told Business Recorder. The committee will be headed by

The federal cabinet has constituted a committee to thoroughly examine the issue of camel jockeys, quantum of funds received from UAE and number of children compensated so far, official sources told Business Recorder. The committee will be headed by

Dubai's government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets. Dubai last week raised fears of a second bout of gl

Dubai's government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets. Dubai last week raised fears of a second bout of gl

Dubai''s government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets. Dubai last week raised fears of a second bout of g

Dubai''''s government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets. Dubai last week raised fears of a second bout of

The Karachi share market witnessed dull activity during the week ended on November 26, 2009 due to investors' concerns over prevailing political uncertainty. The benchmark KSE-100 index lost 100.15 points to close at 9,206.21 points. Trading activity decr

The Karachi share market witnessed dull activity during the week ended on November 26, 2009 due to investors' concerns over prevailing political uncertainty. The benchmark KSE-100 index lost 100.15 points to close at 9,206.21 points. Trading activity decr

The Karachi share market witnessed dull activity during the week ended on November 26, 2009 due to investors'' concerns over prevailing political uncertainty. The benchmark KSE-100 index lost 100.15 points to close at 9,206.21 points. Trading activity dec

The open interest at the futures counter decreased by a massive 26 percent (Rs 31 million) on week-on-week basis to Rs 90 million. The futures spreads re-surged to settle at a level of 1.57 percent, increasing by 3.13pps on weekly basis.

The open interest at the futures counter decreased by a massive 26 percent (Rs 31 million) on week-on-week basis to Rs 90 million. The futures spreads re-surged to settle at a level of 1.57 percent, increasing by 3.13pps on weekly basis.

The Federal Board of Revenue (FBR) has given a deadline of January 31, 2010 to the officials of Inland Revenue (Appeals) and Enforcement Divisions for recovery of huge income tax arrears from registered firms, business units and corporate entities under t

The Federal Board of Revenue (FBR) has given a deadline of January 31, 2010 to the officials of Inland Revenue (Appeals) and Enforcement Divisions for recovery of huge income tax arrears from registered firms, business units and corporate entities under t

The Federal Board of Revenue (FBR) has given a deadline of January 31, 2010 to the officials of Inland Revenue (Appeals) and Enforcement Divisions for recovery of huge income tax arrears from registered firms, business units and corporate entities under t

Lashkar-e-Taiba, blamed for last year's attacks on Mumbai, denied on Monday that two men arrested in Chicago on terrorism charges were among its members. David Headley, a Pakistani-born American, and Tahawwur Rana, a Canadian citizen of Pakistani origin,

The All Parties Hurriyet Conference (APHC) has urged New Delhi to pull out Indian troops, revoke draconian laws and release illegally detained people in occupied Kashmir before resuming talks aimed at resolving the Kashmir dispute. APHC Chairman, Mirwaiz

Foreign Minister Makhdoom Shah Mahmood Qureshi met his British counterpart David Miliband on the margins of the Commonwealth Head of Government Meeting (CHOGM), in Port of Spain and discussed a whole range of issues of mutual interest Saturday.

British Prime Minister Gordon Brown on Saturday night telephoned President Asif Ali Zardari. Spokesperson to the President and former Senator Farhatullah Babar said that matters relating to bilateral relations between the two countries, Pakistan's fight a

Prime Minister Syed Yousuf Raza Gilani on Monday left here on a four-day official visit to Germany and United Kingdom. Talking to media persons before his departure at the Chaklala Air Base, the Prime Minister said his visit aimed at strengthening bilater

Prime Minister Syed Yousuf Raza Gilani on Monday left here on a four-day official visit to Germany and United Kingdom. Talking to media persons before his departure at the Chaklala Air Base, the Prime Minister said his visit aimed at strengthening bilater

Demand for Opec crude in the first quarter of 2010 is expected to fall below the producer group's current output, the semi-official Mehr News Agency quoted a senior Iranian official as saying on Monday. "Demand in the last quarter of 2009 is about 29.3 mi

Interior Minister Rehman Malik held a meeting with MQM leader Altaf Hussain in London Sunday and conveyed the goodwill messages of President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani. According to Muttahida Quami Movement (MQM) announcement,

Interior Minister Rehman Malik held a meeting with MQM leader Altaf Hussain in London Sunday and conveyed the goodwill messages of President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani. According to Muttahida Quami Movement (MQM) announcement,

Indian police Monday arrested a regional politician suspected of embezzling up to 650 million dollars during his five years in ministerial posts in an impoverished eastern state, officials said. Madhu Koda was taken into custody in his constituency of Cha

Indian police Monday arrested a regional politician suspected of embezzling up to 650 million dollars during his five years in ministerial posts in an impoverished eastern state, officials said. Madhu Koda was taken into custody in his constituency of Cha

The wheat crop in Sindh is facing acute shortage of irrigation water and the growers said they fear serious damage if the required quantity of water is not made available to their crops, it is learnt. Further, the poor growers of different districts of th

The wheat crop in Sindh is facing acute shortage of irrigation water and the growers said they fear serious damage if the required quantity of water is not made available to their crops, it is learnt. Further, the poor growers of different districts of th

The wheat crop in Sindh is facing acute shortage of irrigation water and the growers said they fear serious damage if the required quantity of water is not made available to their crops, it is learnt. Further, the poor growers of different districts of th

Pakistan's middle classes are increasingly being squeezed by price hikes, fuelling dissatisfaction with an unstable government that is struggling to contain Taliban attacks. In a country with huge disparity in wealth, life has always been a struggle for t

Pakistan's middle classes are increasingly being squeezed by price hikes, fuelling dissatisfaction with an unstable government that is struggling to contain Taliban attacks. In a country with huge disparity in wealth, life has always been a struggle for t

Pakistan''s middle classes are increasingly being squeezed by price hikes, fuelling dissatisfaction with an unstable government that is struggling to contain Taliban attacks. In a country with huge disparity in wealth, life has always been a struggle for

The lawyer for the lone surviving gunman accused of the Mumbai attacks was removed from the case on Monday for non-co-operation, days after the country marked the first anniversary of the three-day siege that killed 166 people. Abbas Kazmi, the attorney f

The lawyer for the lone surviving gunman accused of the Mumbai attacks was removed from the case on Monday for non-co-operation, days after the country marked the first anniversary of the three-day siege that killed 166 people. Abbas Kazmi, the attorney f

The delay in much-needed foreign flows in the form of soft loans and aid s from FoDP for fiscal support is mounting pressure on central bank borrowing to meet excess government expenditure. Half way in the second quarter, the government borrowing from SBP

The delay in much-needed foreign flows in the form of soft loans and aid s from FoDP for fiscal support is mounting pressure on central bank borrowing to meet excess government expenditure. Half way in the second quarter, the government borrowing from SBP

The delay in much-needed foreign flows in the form of soft loans and aid s from FoDP for fiscal support is mounting pressure on central bank borrowing to meet excess government expenditure. Half way in the second quarter, the government borrowing from SBP

Commonwealth leaders on Sunday welcomed last year's return of Pakistan to the body of mainly former British colonies after it held elections. Pakistan was readmitted in May 2008 after a six-month suspension triggered by a temporary political clampdown by

Prime Minister Syed Yousuf Raza Gilani has sent a message of greetings to the Prime Minister of Romania, Emil Boc, on their National Day falling on December 1. In his message, the Prime Minister said: "On behalf of the Government and on my own behalf, I w

The Managing Director of Pakistan Electric Power Company (Pepco), Tahir Basharat Cheema has claimed that load shedding has significantly decreased since a few months. While talking to a private TV news channel, he claimed that load shedding, in most parts

Sindh Chief Minister Syed Qaim Ali Shah on Monday said "as Chief Minister I say there is no dispute between PPP and MQM and our every effort will be to keep them with us to continue to serve the people of Sindh". He was talking to media after offering con

Home Minister Dr Zulfikar Ali Mirza has directed PPO Sindh to formulate a formal Standard Operating Procedure (SOP) for the recovery of snatched/stolen cars and other vehicles and arrest of the accused involved. Under the SPO, he directed, as soon as a re

Central leader ANP and Federal Minister for Railways, Haji Ghulam Ahmad Bilour, has said that there was no harm in giving benefit to the politicians through national reconciliation ordinance (NRO) especially in the countries where politics was based on po

The authorities of the Mehran University have advised the successful candidates of the Bachelor of Engineering, Bachelor of City and Regional Planning and Bachelor of Architecture Programmes to collect their admission letter in persons from the Directorat

Ameer Jamaat-i-Islami (JI) Syed Munawwar Hassan said that the terrorism could be overcome by rooting out social injustices in the society. He was addressing a congregation held at Jamia Mosque Mansoora. Hassan further said Kahsmiris have been fighting Pak

At least seven people were killed and three injured in different incidents including road accidents across the city during three days of Eid-ul-Azha. A young boy was killed by a sharp knife during a dispute with his relative in Orangi Town area on Saturda

President Zardari has made up his mind to transfer more powers to the Prime Minister and in a recent telephonic contact with PML-N Quaid Nawaz Sharif, he informed him (Nawaz) about the repeal of controversial 17th Amendment in December, it is learnt.

Soyabean and wheat futures on the Chicago Board of Trade were higher early on Monday, buoyed by weakness in the US dollar, traders said. A weaker dollar typically makes US grains more competitive on the world market, and prompts large speculators to buy c

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Monday. March arabica coffee contract rose 3.15 cents to $1.4120 per lb at 11:00 am EST (1600 GMT). Session range from $1.3865 to $1.4165. Arabica coffee futures bounced as longs who

Gold prices edged lower on Monday as some investors opted for cash in residual wariness about Dubai's debt shock, but losses were limited by a weaker dollar and dip buying. Spot gold stood at $1,172.20 an ounce by 1638 GMT, versus $1,176.70 an ounce late

Monday's Rotterdam vegetable oil prices at 1700 GMT.

Monday's Rotterdam vegetable oil prices at 1700 GMT.

Oil prices rose more than $1 on Monday as the detainment of five Britons in Iran and a weak dollar outweighed concerns over debt-laden Dubai and its impact on the global economy. US light crude oil futures for January rose $1.23 to settle at $77.28. In Lo

Copper steadied on Monday as a weaker dollar and investors seeking safety in tangible assets helped to support prices, but concerns remained about the Dubai debt crisis, weak demand and rising stocks. Three-month copper on the London Metal Exchange closed

London January robusta coffee settled $22 higher at $1,354 a tonne on Monday. Market supported by a sharp advance in ICE arabicas driven by quality concerns in top producer Brazil and a softer dollar. March white sugar in London finished off $8.10 at $610

Cotton futures finished higher Monday on investment fund buying tied to end of the month short-covering as analysts mulled the next move in fibre contracts this week. The benchmark March cotton contract increased 0.84 cent to finish at 74.68 cents per lb,

Parliamentary Affairs Minister Dr Babar Awan on Monday said that 17th Amendment would be annulled soon as a package to restore the 1973 Constitution in its original form is being prepared. The minister, who was addressing a ceremony organised in connectio

Spokesperson to the President former Senator Farhatullah Babar has said that the ordinances were re-promulgated by President Asif Ali Zardari on the advice of the Prime Minister to implement the Supreme Court verdict of July 31, 2009.

Prime Minister Syed Yousaf Raza Gilani visited Combined Military Hospital (CMH),Rawalpindi on Eid Day and inquired about the health of Army Officers and Jawans who were injured during operations in Swat and South Waziristan.

Pakistan Muslim League (N) on Sunday demanded the president give up the sweeping powers he inherited from his predecessor, setting the stage for political turmoil just as the Obama administration wants the country to focus on fighting the Taliban.

Chief of Army Staff General Ashfaq Parvez Kayani, Chief of Air Staff Air Chief Marshal Rao Qamar Suleman and Vice Chief of Naval Staff Vice Admiral Asaf Humayun called on Prime Minister Syed Yousuf Raza Gilani here at the PM House on Saturday.

President Asif Ali Zardari has directed Governor NWFP Owais Ghani to urgently finalise the comprehensive rehabilitation cum developmental package for stabilising the post operation South Waziristan.

KASB Funds Limited is set to launch the KASB Capital Protected Gold Fund, the first fund in Pakistan with exposure to gold.

KASB Funds Limited is set to launch the KASB Capital Protected Gold Fund, the first fund in Pakistan with exposure to gold.

The Punjab government's intervention ended on Monday in connection with the supply of sugar to the domestic consumers at the rate of Rs 40 per kg at the expiry period of November 30, fixed by the Supreme Court. Therefore from Tuesday (today) December 1, s

The dollar fell on Monday after the United Arab Emirates said it would stand behind banks in Dubai, soothing some concerns about a looming debt default. But investor confidence remained fragile, with the dollar briefly trimming losses after a top Dubai fi

Indian stocks rose 1.77 percent on Monday, boosted by better-than-forecast quarterly economic growth and receding concerns about Dubai's debt woes, dealers said. The benchmark 30-share Sensex index closed up 294.21 points at 16,926.22, snapping two tradin

European corporate credit default swap spreads nudged slightly tighter on Monday, with financial markets still trying to assess the extent of fallout from the Dubai debt situation. "We look for the market to stabilise over the next few sessions and for ca

European corporate credit default swap spreads nudged slightly tighter on Monday, with financial markets still trying to assess the extent of fallout from the Dubai debt situation. "We look for the market to stabilise over the next few sessions and for ca

US stocks declined moderately on Monday as weak data on holiday retail sales prompted questions about the consumer's ability to spend. The S&P Retail index fell 1.3 percent after the National Retail Federation said that total Black Friday holiday spending

European shares fell to their lowest close in more than three weeks on Monday, with oil companies among the biggest losers, as worries about Dubai's debt continued to unsettle global equity markets. The FTSEurofirst 300 index of top European shares fell 1

Major stock markets outside the United States ended on Monday.

Britain's leading share index shed 1.1 percent on Monday, ending at session lows, dragged back by weakness in oil majors and banks on lingering anxiety over the impact of Dubai's debt problems. By the close, the FTSE 100 was down 55.05 points at 5,190.68,

Rice Exporters Association of Pakistan (REAP) has welcomed the decision of State Bank of Pakistan (SBP) to allow 100 percent financing facility to rice exporters for 270 days. In a statement issued here on Monday, vice chairman REAP Rafiq Suleman said tha

Fire fighters have extinguished a big fire in a open godown of waste plastic material in Orangi Town after a hectic struggle of four and half hours. A Fire Brigade official said here on Sunday that plastic material, stored in an open godown caught fire ne