Gold prices fell nearly 2 percent to below $1,090 an ounce on Thursday, their lowest level this year, as the dollar hit a near six-month high versus the euro, cutting buying of the precious metal as an alternative asset. Spot gold hit a low of $1,088.30 a
Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Thursday. March arabica coffee contract fell 0.65 cent to $1.3855 per lb at 10:54 am EST (1554 GMT). Session range from $1.3850 to $1.4015. Arabica coffee dipped in choppy dealings b
Soyabean futures on the Chicago Board of Trade rallied early Thursday in a technical bounce after the spot contract fell to a three-month low this week, traders said. As of 9:52 am CST (1552 GMT), CBOT March soyabeans were up 7-1/2 cents at $9.57-1/2 per
The following are New York midsession prices and market updates for precious metals and copper: Gold for February delivery down $23, or 2.1 percent, at $1,089.60 an ounce at 11:44 am EST (1644 GMT) on the COMEX division of the New York Mercantile Exchange
The National Internship Programme (NIP) management has simplified and modified the procedure to facilitate the youth regarding signing of contracts. An official of NIP here on Thursday said it had been decided that henceforth the condition of prior signin
The investment portfolio of National Saving Schemes (NSS) has been enhanced significantly from Rs 1000 billion to Rs 1500 billion within a period of last one year, Director General National Savings Zafar Sheikh said. Talking to Aaj TV he said while
Chairman Board of Investment (BoI) Saleem H Mandviwala on Thursday called on Prime Minister Syed Yousuf Raza Gilani at the PM House and briefed him about the working of the BoI, says a PM House press release issued here.
An FBI expert told a federal court on Wednesday that he found no fingerprints on the rifle that Aafia Siddiqui allegedly grabbed to fire at US interrogators in Afghanistan, but asserted that firearms in many cases do not retain them.
The nations legging behind in science and technology would not have to meet the global standards without adopting innovative approach. This was stated by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan while addressing the participants of dissemination
Nepal's ambassador to Pakistan Bala Bahadur Kanwal has said,"Nepal is a soveriegn state and we are not under the dominance of India," and he also, once again, rejected the claim of India that the only attacker arrested alive in the Mumbai attacks had been
DCO Saeed Wahlah visited the site of under completion building of museum and inspected the construction work of museum. He directed that the building of the museum should be completed within stipulated period and high quality construction work should be e
Divisional Commissioner Tahir Hussain has said that the girls sections of Divisional Public School (DPS) will be made Girls College very soon and the Divisional Model College (DMC) shifted to new building within a period of one year. He expressed these vi
The three-day rituals of 770th Urs of Sheikh-ul-Islam Hazrat Bahauddin Zikriya began in Multan on Thursday (yesterday). The Urs rituals began with washing of tomb offered by Sajjada Nasheen of tomb and foreign minister Makhdoon Shah Mehmood Qureshi
Pakistan welcomes international community's concerns and its efforts for resolving the Kashmir issue for bringing durable peace in the sub-continent. Chairman Parliamentary Special Committee on Kashmir Maulana Fazl-ur-Rehman said this in a statement, issu
Speaker National Assembly Dr Fehmida Mirza Thursday said that Pakistan was committed to fighting against terrorism and it was high time for international community and Friends of Democratic Pakistan (FoDP) to fulfil their promises to support Pakistan in i
The top US intelligence chief held meetings with Pakistani-Americans as the United States expands its drone attacks on militants in the South Asian nation, his office said Wednesday. Director of National Intelligence Dennis Blair held the roundtable discu
Pending Research and Development (R&D) of exporters would be cleared within one month, said Dr Muhammad Saleem Chief Manager State Bank of Pakistan (SBP) Faisalabad. He was addressing a reception hosted in his honour by Pakistan Hosiery Manufacturers & Ex
The Indus River System Authority (IRSA) on Thursday released 41,110 cusecs water from various rim stations with inflow of 37,482 cusecs. According to the data released by IRSA here, the maximum water level in River Indus at Tarbela was 1424.17 feet, which
US Defence Secretary Robert Gates praising the Indian restraint after the Mumbai attack of 2008, said in New Delhi, "The ability of any state to continue that, were it to be attacked again, I think is in question.
Finally the Indian government has shown his clear intention about how they want relations with Pakistan. Nowadays 'Aman ki Aasha' campaign was launched to minimise political differences among both countries and every one was supporting this wish even the
On the one hand the Indians are singing melodious songs of Aman ki Asha and friendship. But on other hand, the Indians are creating a hype on the LoC with allegations of infiltration and attacks across the Line of Control. On January 18, the Indians resor
Amputee Hamza Hameed is a living reminder of the US "shock and awe" bombardment during the 2003 US invasion of Iraq, one of up to three million Iraqis disabled after years of war, sanctions and economic deprivation. He lost his right leg, amputated just b
After our hectic campaign of many years - it started way back in 1995 - the Federal Board of Revenue (FBR) has at last admitted its failure to get tax returns of all those who earn taxable income - the figure is not less than 25 million, whereas tax retur
Soon after the short judgement of the Supreme Court on the issue of NRO that it was contrary to the equality guaranteed by the 1973 Constitution of Pakistan and that all the cases, disposed of because of the controversial Ordinance stand revived, it was g
Speaking on the issue of spurious medicines in the National Assembly on Tuesday, Interior Minister Rehman Malik said that 40 to 50 percent medicines, including life-saving drugs for children, had been found to be spurious or substandard. According to a PM
The latest news on the external sector of the economy are encouraging. According to the data released by the State Bank of Pakistan on 19th January, the current account deficit of the country was down by 78 percent to stand at $1.76 billion during July-De
Senior advisor to Chief Minister Punjab Sardar Zulfiqar Ali Khan Khosa has said that Pakistan Muslim League-Nawaz (PML-N) led Punjab government is taking measures for the development of far-flung and remote areas of the province and poverty alleviation.
28 Supply and Transport Battalion, Army Services Corps Hyderabad has announced that the recruitment of clerks, drivers, store man, cook and driver animal transport, in 28 Supply and Transport Battalion Army Service Corps would be carried out from January
Anne W. Patterson, United States Ambassador to Pakistan while commending the efforts of the Managing Director of Kashf Foundation Ms Roshaneh Zafar's in the field of social entrepreneurship in Pakistan, has cordially invited her to attend the Presidential
Punjab University Institute of Education and Research (IER) lecturer has conducted a study on the root causes of dropout rate at primary level schools and proposed an Inclusive Schooling Model for Pakistani Schools and further gave a plan of its implement
Punjab School Education Secretary Muhammad Aslam Kamboh has said that the dream of economic development could be realised by enhancing women literacy rate in the country. Keeping in view the significance of woman education, gender budgeting and planning h
The Karachi Branch Council (KBC) of the Institute of Cost and Management Accountants of Pakistan (ICMAP) has elected Hammad Raza Zaid as chairman for the year 2010. While Tariq Hussain has been elected vice chairman, Abdul Wasey Khan secretary, Noman Depu
Under its comprehensive revamping programme of the distribution network, the Karachi Electric Supply Company (KESC) has added 18 more feeders and two new 40-MVA transformers to the Old Town Grid in Lyari at a cost of Rs 200 million. As many as 42 new pole
Punjab Agriculture Department has recommended sowing of HSF-242 variety of sugarcane, which according to it can have a yield of over 1500 maund per acre. The department said that this variety has been introduced by the sugarcane research institute Faisala
Pursuant to directions of the Chief Minister Punjab, health authorities in the province have launched crackdown on the substandard and spurious drug dealers and quacks. The drug courts imposed fine worth Rs 43.25 million and awarded imprisonment ranging f
The Lahore High Court (LHC) here on Thursday stayed the proceedings on show cause notices issued to four sugar mills by Competition Commission Pakistan (CCP) and sought reply from its chairman by February 11. The court passed these orders in a petition of
The Ministry of Railways issued a notification for transfer/posting of senior officers here on Thursday. Shafiqullah Khan has been posted as the Director Operation in the Railways Ministry who was attending National Management Course. Imtiaz Rizwi, Direct
Sultan Ahmed Chawla, President FPCCI has nominated Muhammad Farooq Afzal of ITN group of companies as Chairman and Ahsan-ul-Haq Siddiqui of Artex International as Vice Chairman of Pakistan Russia Business Council (PRBC) of FPCCI for the 2010 term.
Senior leader of Pakistan Muslim League-N and Political Advisor to CM Punjab Mohammad Pervaiz Malik has said that Lahore is an unconquerable stronghold of PML-N and by the grace of God, the PML-N candidate will emerge victorious in the forthcoming by-elec
Pakistan Poverty Alleviation Fund (PPAF) and Engro Foundation (EF) have decided to form an alliance to complement each other's efforts/activities and jointly fund Rs 250 million for provision of basic infrastructure, education, basic health and social sec
Senator Waqar Ahmed Khan Federal Minister for Privatisation has said that under Benazir Employees Stock Option Scheme (BESOS) so far 22,745 employees have been given 12 percent shares certificates in five entities. He was talking to 15-member delegation o
A delegation of Rice Exporters Association of Pakistan (Reap) led by Vice Chairman Rafique Suleman had a meeting with Sindh Governor Dr Ishratul Ibad Khan at Governor House on Wednesday. According to a press release, Rafique Suleman thanked the Governor a
In the 16th session of the Punjab Assembly held here on Thursday, The Punjab Urban Immovable Property Tax (Amendment) Ordinance 2009; The Punjab Examination Commission Bill 2010 were tabled in the House and referred to the Committees by the Speaker. Rana
Pakistan Auto Spareparts Importers and Dealers Association (PASPIDA) has awarded the Guard Group Chief Executive and Vice President of Saarc Chamber of Commerce and Industry Iftikhar Ali Malik with lifetime achievement award. An impressive ceremony was he
Pakistan Customs has seized 2,547 cell phones being smuggled from Hong Kong to Karachi. An information was received through Chief Collector of Customs (South), Custom House, Karachi that an attempt would be made to clear mobile phones without payment of d
The Pakistan Railways Employee Union (Prem) has supported the constitution of a high level Judicial Commission to look into massive corruption in Pakistan Railways that has put PR on the verge of financial collapse. Talking to Business Recorder on
Oracle Financial Services Software has announced a new release of Oracle FLEXCUBE Universal Banking. This brings together the Oracle, supporting banks in more than 125 countries including Pakistan, with a combined asset base in excess of 30 trillion dolla
Samsung Electronics Co Ltd has unveiled its latest GenoA touch screen mobile phone and announced Teletec Solutions Pakistan (TSP) as its new official partner. This was stated by Zeeshan Qureshi, head of mobile phones division, Samsung Pakistan and Afghani
Trading Corpora-tion of Pakistan (TCP) has been directed by the government that its tender terms for the import of white sugar during 2010 should be in conformity with the international standards in order to provide a level playing field to all origins.
European Commission (EC) and OXFAM GB team up to allocate 2.29 million Euros for food insecure districts of Sindh and Balochistan like Sanghar, Dadu and Musakheal' says Fatima Naqvi, Programme Manager of Land Rights and Economic Opportunities department o
Intel Pakistan Corporation Thursday introduced its all-new 2010 Intel(r) CoreTM family processors, in Pakistan. This was announced by Country Manager Intel Pakistan Corporation Ashar H. Zaidi at a press conference, held at a local hotel here. The new 2010
A consultative workshop on "Punjab Water and Sanitation Academy" is being organised by Urban Unit of Planning and Development Department Punjab with the co-ordination of Water and Sanitation Agency (Wasa) Lahore.
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 Board of Directors of Atlas Asset Management Limited, an Atlas Group Company, approved the second quarter payouts for its Atlas Income Fund (AIF) and Atlas Islamic Income Fund (AIIF) for the half year ended December 31, 2010. For Atlas Income Fund (AI
The Board of Directors of Atlas Asset Management Limited, an Atlas Group Company, approved the second quarter payouts for its Atlas Income Fund (AIF) and Atlas Islamic Income Fund (AIIF) for the half year ended December 31, 2010. For Atlas Income Fund (AI
Federal Minister for Finance Shaukat Tarin, has agreed in principle to including Peshawar in the category of most-affected area in the Prime Minister's financial package, for the province. The assurance was given to a delegation of Sarhad Chamber of Comme
Senior Provincial Minister, Raja Riaz Ahmed has said that as far as 21 abadies of PP-65 in Faisalabad would be provided electricity and Prime Minister has released funds out of his special grants. He added that in this regard necessary formalities would b
Federal Minister for Overseas Pakistanis, Dr Farooq Sattar, handed over a cheque of five lac rupees and a allotment letter of a plot in OPF Valley Zone V, Islamabad to the family of late Farman Ali, a gallant Pakistani who sacrificed his life while saving
Pakistan Bait-ul-Maal (PBM) would establish Pakistan Sweet Homes (PSH) in every district of the country within six months in which best facilities including education, health, accommodation and food are provided to orphans. Managing Director Pakistan Bait
Prime Minister Yusuf Raza Gilani on Thursday said Pakistan has become a destination of choice for foreign investors due to its geo-strategic location, availability of skilled manpower, better infrastructure and low manufacturing cost.
Federal Board of Revenue Chairman Sohail Ahmed on Thursday said the FBR would lay an amended Sales Tax Act with no exemptions before the Parliament in case the proposed Federal Value Added Tax (VAT) Act 2010 has not been approved by the National Assembly.
Director Conservation and Energy, KESC, Asif Husain Siddiqui said that if 60 percent consumers of Karachi replace one 100 watts bulb with a 20 watts energy saver, it would save 100 magewatts of energy in the city.
On the directives of the Prime Minister Syed Yousuf Raza Gilani, the National Vocational & Technical Education Commission (Navtec) has decided to construct a technical and vocational training institute in Gwadar. The Chairman of National Vocational and Te
The Lahore High Court (LHC) here on Thursday disposed of a petition filed by Defence Minister, Chaudhry Ahmad Mukhtar challenging the inclusion of his name in Exit Control List (ECL), as the law officer informed the court that name of the petitioner had b
Chief Minister Syed Qaim Ali Shah has said that the Sindh Katchi Abadis (Amendment) Bill 2009 would soon be approved to regularise all katchi abadis of the province. This stated while presiding over a meeting at the Chief Minister House on Thursday, which
The Federal Board of Revenue (FBR) has promoted 16 officers of Income Tax Group (BS-20) to the post of (BS-21) with immediate effect. The FBR has also promoted 3 officers of Customs and Excise Group (BS-20) to the post of (BS-21) with immediate effect.
The Special Investigation Unit (SIU) on Thursday claimed to have arrested four more accused including a sub-inspector of police involved in the biggest gold robbery in Kharadar area a few days back and recovered seven kilogrammes of stolen gold.
Thousands of Sindhi nationalists backed by their Baloch allies took out a rally here on Thursday. The participants of the rally - Sindh Is Karachi- organised by the Sindh Tarraqi Passand Party (STPP), carried banners and placards inscribed with various sl
Pakistan Gems and Jewellery Development Company (PGJDC) has arranged two training courses at its Gems & Jewellery Training and Manufacturing Centre (GJTMC), in Saddar, Karachi. A one-month training course on Manual Jewellery Designing, which started on Th
The Lahore High Court (LHC) here Thursday reserved its judgement in a petition moved by counsel of an accused of Mumbai terrorist attack Zaki-ur-Rehman Lakhvi, seeking transfer of his case from Rawalpindi anti-terrorism court (ATC) to Lahore. The counsel
The Lahore High Court (LHC) Chief Justice here Thursday directed Secretary Health Punjab to apprise about the reasons which compelled the government to affiliate Fatima Jinnah Medical College (FJMC) with University of Health Sciences (UHS).
To support the displaced persons of South Waziristan in this hour of their need, Lahore Corps has contributed relief goods worth more than Rs 3 million. The third consignment, comprising 5 trucks left Lahore for D I Khan here on Thursday.
Despite the government's waiver of sales tax and excise duty on the import of 0.75m tons white sugar, the upward trend in sugar prices continued on Thursday as prices rose to Rs 67 kg from Rs 64 kg, its price in the wholesale market on Monday.
Rates moved both ways on the local currency market on Thursday, dealers said. On the interbank market the rupee managed to recover 12 paisa against dollar for buying and selling at 84.50 and 84.55, they said. In the fourth Asian trade euro hit a five-mont
Barrister Iqbal Jafree here on Thursday submitted before the Lahore High Court the documentary proofs about arrest of Dr Aafia Siddiqui from Karachi in 2003. He also presented the copy of a judgement of South African constitutional court that had ordered
Rates moved both ways on the local currency market on Thursday, dealers said. On the interbank market the rupee managed to recover 12 paisa against dollar for buying and selling at 84.50 and 84.55, they said. In the fourth Asian trade euro hit a five-mont
Renowned nuclear scientist Dr Abdul Qadeer Khan has filed written reply before the Lahore High Court in response to a petition of federal government praying to restrain him from giving media interviews and meeting people without security clearance. In his