Powerful Typhoon Jelawat left at least two people dead and more than 180 injured in Japan over the weekend before passing out into the Pacific on Monday, the weather agency and local media said. The typhoon, packing winds of up to 126 kilometres (78 miles

Georgian President Mikheil Saakashvili's ruling party and an opposition coalition both claimed victory in a parliamentary election in the former Soviet republic on Monday, raising the prospect of a post-election stand-off. Any signs of instability would w

Japanese Prime Minister Yoshihiko Noda reshuffled his cabinet on Monday, naming Koriki Jojima, a senior member of the ruling Democratic Party of Japan (DPJ), as new finance minister. Foreign Minister Koichiro Gemba was among heavyweight names keeping thei

The death toll from militant attacks across Iraq doubled in September to 365, the highest toll for more than two years, with most of them killed in bomb attacks, according to government figures released on Monday. The insurgents have launched one major as

With tens of thousands fleeing Syria every month, the number of refugees world-wide in 2012 is set to be the highest this century, a senior United Nations official said on Monday. Antonio Guterres, the body's High Commissioner for Refugees, told his UNHCR

UN refugee agency chief Antonio Guterres warned Monday that a surge in the number of refugees around the world was causing a crisis that was unprecedented in recent history. "Already in 2011, as crisis after crisis unfolded, more than 800,000 people cross

Investment bank Goldman Sachs said on Monday it expected corn and wheat prices to outperform soyabean prices over the next few months due to bigger-than-expected US soyabean supplies reported by the government last week. Goldman said in a research note to

Copper rose on Monday, reversing earlier losses, as the euro rebounded and the dollar fell but more evidence of shrinking factory activity in China and renewed worries over public debt problems in Spain capped gains. But in contrast to Europe and Asia, ma

Brent crude slipped Monday as signs of economic weakness in Asia and a looming recession in the debt-saddled euro zone tempered more optimistic US manufacturing data. The international benchmark came under early pressure from data showing factory activity

Key TOCOM rubber futures shed early gains to end almost flat on Monday, hit by fresh evidence of slower growth in China, the world's biggest rubber consumer. Some traders said that prices could drop further this week, with the introduction of export curbs

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Malaysian palm oil futures tumbled to the lowest in more than two years on Monday as investors fretted over rising stocks that may outpace slowing demand and the uncertain global economic outlook. A cargo surveyor reported a dip in Malaysia's September ex

ICE raw sugar futures jumped to a six-week high on a short-covering on Monday, the first trading day of the fourth quarter following a sizeable delivery, while arabica coffee climbed on support from the weak US dollar. Cocoa dropped as crop weather improv

Gold drifted lower on Monday after posting its biggest quarterly rise in more than two years, tracking a weaker euro as Spain's struggle to control its finances worried investors. Caution has returned to the market after central banks' stimulus measures c

Gold rallied sharply on Monday on the back of what traders and analysts said was a rush of hedge fund buying at the start of the new quarter, following the strongest quarterly gain in the bullion price in over two years.

US soyabean futures tumbled more than 2 percent on Monday, reversing similar gains from the previous session, as a record-fast harvest pace and reports of larger-than-expected yields pressured prices. Wheat futures dropped nearly 3 percent in a profit-tak

Gold rallied to a near one-year high early on Monday with traders and analysts citing both fund buying and possible central bank demand as markets opened a new quarter against the backdrop of a weak dollar. The spot price of bullion peaked above the $1,79

The Members of the Mutual Funds Association of Pakistan (MUFAP) have elected new Directors on the Board of Directors against the vacancies arising from the rotational retirement of some of the Directors on the 20th September, 2012. The new Board of Direct

The Members of the Mutual Funds Association of Pakistan (MUFAP) have elected new Directors on the Board of Directors against the vacancies arising from the rotational retirement of some of the Directors on the 20th September, 2012. The new Board of Direct

Around 1,000 foreign buyers/importers from about 70 countries are expected to visit Pakistan to attend the country's biggest trade fair 'Expo Pakistan'. The mega event, scheduled to be held from October 4 to 7 at Karachi Expo Centre, would be attended by

Like every year, THI on commemoration of World Heart Day, again took initiative to contribute in spreading awareness about prevention of Heart diseases. Celebrating World Heart Day 2012, themed "One World, One Home, One Heart", Tabba Heart Institute (THI)

Standard Chartered Bank (SCB) on Monday announced the launch of the industry's first Islamic Euro Nostro Account. Islamic banks across the world will now be able to earn Shariah-compliant profits on their account balances at Standard Chartered Bank, Germa

Mustehkam Cement Limited (MCL) has posted Rs 346.486 million as profit after tax in the year ended June 30, 2012 (FY12) as compared to after tax loss of Rs 72.837 million recorded in the corresponding period in FY11. The board of directors of the company

Mustehkam Cement Limited (MCL) has posted Rs 346.486 million as profit after tax in the year ended June 30, 2012 (FY12) as compared to after tax loss of Rs 72.837 million recorded in the corresponding period in FY11. The board of directors of the company

The profit after tax of Bestway Cement Limited has increased to Rs 3.060 billion in the year ended June 30, 2012 (FY12) as compared to Rs 179.230 million earned in the corresponding period in FY11. The board of directors of the company in its meeting held

The profit after tax of Bestway Cement Limited has increased to Rs 3.060 billion in the year ended June 30, 2012 (FY12) as compared to Rs 179.230 million earned in the corresponding period in FY11. The board of directors of the company in its meeting held

Anti Extremist Cell (AEC) of Crime Investigation Department (CID) on Monday claimed to have arrested three alleged arms smugglers and recovered a huge cache of weapons from a passenger bus in the limits of Maripur police station. According to SSP AEC Muha

A high powered delegation comprising 20 businessmen & businesswomen led by Tariq Sayeed, Vice President-Confederation of Asia Pacific Chambers of Commerce & Industry left for Kathmandu, Nepal to attend CACCI Congress 2012, "A vision for shared prosperity"

Managing Director PIA, Muhammad Junaid Yunus expressed confidence and full support to Pakistan Airline Pilots Association (PALPA) in all their endeavours for the growth of the airline and addressing the aviation safety measures to make the air travel safe

A Pakistan Afghanistan Joint Chamber of Commerce and Industry's (PAJCCI's) trade delegation, representing Pakistan's business community, will leave here for Afghanistan on October 7 on a five-day visit. PAJCCI Vice-President Engr Daroo Khan Achakzai told

Federal government has spent more than Rs 123.975 billion on social protection so far while it has released Rs 1.62 billion for pro-poor budgetary expenditure. Planning Commission of Pakistan stated this at a briefing to the fifth meeting of D-10, held he

The Excise & Taxation Department, Government of Sindh has launched a road checking campaign to nab the defaulters of motor vehicle tax throughout the province. Director, Excise & Taxation Hyderabad Auranzaib Panhwar has constituted twelve-member special c

Despite addition of an architectural monument Burj Khalifa in Dubai, the importance of Dubai World Trade Centre can in no way be under-rated as the region's best events and exhibitions venue. Of all the exhibitionS however, the Dubai International Jewelle

"Things are not looking good."

The embassy of Japan would hold a three-day 'Japanese Film Festival' from October 2 to 4, in connection with 60th anniversary of the establishment of diplomatic relations between Pakistan and Japan.

The newly elected President of Sarhad Chamber of Commerce and Industry (SCCI), Dr Mohammad Yousaf Sarwar on Monday assured that he would take steps for amicable resolution of issues of business community, saying that a comprehensive strategy would be devi

Skin diseases increased by 15 per cent with average 3,275 scabies cases being reported per district in July 2012 as compared with 2,842 recorded in the preceding month, says a Free and Fair Election Network (Fafen) report issues on Monday. Faisalabad (25,

Rapid climate change is likely to delay monsoon season for 2-3 weeks annually across the globe, Dr Moetasim Ashfaq, Computational Climate Scientist, Oak Ridge National Laboratory, USA said here on Monday. He was delivering a special lecture on "South Asia

Rana Ikhlaq Ahmad and Choudhry Muhammad Nawaz were elected unopposed as chairman and Vice Chairman of All Pakistan Cotton Powerlooms Assoc-iation (APCPA) for 2012-13 respectively. Malik Abdul Majeed Shad, Secretary General of APCPA announced that Chaudhar

The lawyers and jurists of both Pakistan and India can play role not only in creating an environment for peaceful interaction between the two neighbours, but also ensuring that such interaction is translated into real time trust and harmony between the tw

Wateen Telecom, in its efforts to reshape its consumer brand and becoming the consumer's digital life partner through innovative services, has been recognised with Cisco Customer Satisfaction Excellence award. Wateen won this award for the second time bec

Supreme Court on Monday sought details of terms of reference (ToR) and minutes of the executive board meetings from National Accountability Bureau (NAB) today (Tuesday). A three-judge bench led by Chief Justice Iftikhar Muhammad Chaudhry was hearing the c

Khyber Pakhtunkhwa Minister for Information Mian Iftikhar Hussain said on Monday that provincial government would not create hurdles in Pakistan Tehreek-e-Insaf peace march to South Waziristan, saying that PTI was being fully facilitated to organise publi

Law officers of the federation throughout the country did not appear before superior courts (Supreme Court and High Courts) on Monday in the first half of proceedings as a mark of protest against the issuance of warning to Attorney General for Pakistan (A

Encroachments in different markets as well as green belts in the Capital are increasing with each passing day due to negligence of Capital Development Authority (CDA) to enforce its rules. A senior CDA official said that encroachment is a clear violation

Domestic consumers, traders, seasonal factory owners, industrialists and Multan chamber opposed the power tariff hike proposed by Multan Electric Power Company (Mepco) in a public hearing, which was organised by National Electric Power Regulatory Authorit

As many as 165 trucks of relief items are being sent by the Punjab government for the flood affectees of Sindh and Balochistan. Director General Provincial Disaster Management Authority Mujahid Sherdil revealed this while presiding over a meeting about th

The Lahore High Court (LHC) here on Monday after issuing show-cause notice to Secretary Health Punjab Arif Nadeem in a contempt petition directed him to appear before the court on October 15 in a petition filed by four midwives of Faisalabad district. Saj

In celebration of its second decade, the Asian Forum on Corporate Social Responsibility (AFCSR) will be held in Bangkok on October 25 and 26, 2012. The programme opens with Anand Panyarachun, the former prime minister of Thailand and founding chairman of

Balochistan has witnessed 23 percent more agricultural growth during last one year due to hands on training water management training workshops organised at University of Agriculture Faisalabad. Balochistan would become a new food basket not only for Paki

Federal Minister for National Regulations and Services Dr Firdous Ashiq Awan on Monday underscored the need of collective efforts for developing a strong political system as well as bringing radical changes in attitude in the society for developing democr

Indus River System Authority (IRSA) has increased daily water releases by 20,000 cusecs downstream the Tarbela dam on river Indus to produce 3,000 MW hydel power generation from the Tarbela power houses. WAPDA sources told Business Recorder here on

The Lahore High Court Chief Justice on Monday directed Competition Commission of Pakistan (CCP) to probe into the allegations of cartelization and monopolisation by Hajj group organisers in connivance with ministry of religious affairs and submit its repo

A great film star, director and producer of Pakistan Syed Kamal remembered on Monday on his death anniversary. Syed Kamal, was born in Meerut in 1937. He started his career in India by working in a number of films before he moved to Pakistan in 1956. Syed

Farmers staged a demonstration at Chowk Kutchehry on Monday and burnt the "Phutti" because they are incurring Rs 1200/ maund loss by selling their produce at Rs 1950. The demo was jointly organised by Pakistan Kisan Board (PKB) and Pakistan Kisan Ittehad.

The Federal Board of Revenue has conveyed to the Pakistan Tobacco Board (PTB) that the local supply of raw tobacco is exempted from sales tax and federal excise duty (FED) and recovery of taxes cannot be made from tobacco dealers at domestic stage.

Punjab Provincial Co-operative Bank Limited (PPCBL) has announced loaning policy for sowing, growing and maturing Rabi crops 2012-13 including wheat, grams, lentils, oil-seeds, vegetables, fodder etc from October 1. PPCBL Registrar Kh Dawood Ahmad said he

Dr Shah was the Minister for Finance and Revenue in the caretaker government of 2007-08. He also served as an advisor to then Prime Minister on finance and revenue (2004-07). Previously, he served as Associate Dean at Lahore University of Management Scien

The Indus Entrepreneur (TiE) Lahore President Salim Ghauri has said a deadlock in the capacity building of the government departments' workforce has blocked the smooth sailing of the investment and trade policies in the country. This dismal situation is g

Senior Advisor to Punjab Chief Minister, Sardar Zulfiqar Ali Khan Khosa has said that the Punjab government has issued clear instructions to the concerned officers to ensure strict legal action against those involved in production and sale substandard pes

Pakistan Industrial and Traders Associations Front (PIAF) on Monday called for a cut in the markup rate to bolster economy and enhance productivity. While talking to a delegation of Paper Merchants Association led by Khamis Saeed Butt, the PIAF Chairman S

Riaz Shahid, a distinguished Pakistani filmmaker, film writer and journalist was remembered on his death anniversary on Monday. Riaz Shahid was a noted filmmaker his real name was Sheikh Riaz, but was called by his nickname Shahid. Originally from Kashmir

The Afghanistan government has agreed to issue multiple entry visas for six months to Pakistani businessmen, thus accepting a long awaited demand of country's business community. So far, the businessmen from Pakistan were issued only single entry visa, wh

The extension in the last date for filing of income tax return forms reflects weak enforcement and administration of the Federal Board of Revenue (FBR). Tax experts told Business Recorder here on Monday that FBR had extended the last date for filin

Maritime Security Agency (MSA) on Monday arrested 33 Indian fishermen, weeks after it announced the release of all jailed Indian fishermen as a goodwill gesture, a statement said. The fishermen along with five fishing boats were held Monday evening by Mar

The government allocated Rs 1.25 billion to Federal Polyclinic Hospital in the budget for 2012-13, yet the hospital failed to develop a mechanism to control issuance of expired medicines to patients at its dispensary, Business Recorder has learnt f

The Health Department Punjab has contradicted a news items published in a section of press in which it was claimed that government has reduced funds for free medicines of public sector hospitals. This was said by an official of health department here on M

The Lahore Chamber of Commerce and Industry (LCCI) President Farooq Iftikhar has announced to conduct sectoral studies to identify problems to their growth. He was speaking at the Annual General Meeting of All Pakistan Paper Merchants Association (APPMA).

Thousands of workers hailing from different religious parties and DPC alliance factions participated in Difa-e-Pakistan Council "Hurmat-e-Rasool (PBUH)" march, held to denounce the anti-Islam film agitating Muslims around the world, and against the resump

Provincial Minister for Prisons Malik Muhammad Iqbal Channar has said that Punjab government is striving for providing basic amenities to the people of Punjab at their door step. He was talking to the people who came from various areas in his office on Mo

On behalf of Punjab Chief Minister Shahbaz Sharif, Special Assistant to Chief Minister Punjab on Education and Member Provincial Assembly Zaeem Hussain Qadri handed over key of a house in Aashiyana housing scheme to a student Muhammad Naeem who stood firs

Khyber Pakhtunkhwa cabinet on Monday passed many drafts of several crucial legislations particularly the most awaited Khyber Pakhtunkhwa Private Schools Regulatory Authority Bill 2012. The legislation will be presented in the provincial assembly soon. The

President Pakistan Muslim League-N Nawaz Sharif has said that Sindh government of People's Party is taking political revenge from the leaders and workers of PML-N after getting unnerved by its increasing popularity and acceptance among the people, and it

Truck drivers blocked Quetta-Karachi Highway for traffic in protest against kidnapping of their two colleagues in Mastung district on Monday. Local Levies sources said unidentified armed bandits had kidnapped two truck drivers early Monday morning and too

Nawa-e-Waqt Group's, Managing Editor, and The Nation, Editor-in-chief, Majid Nizami, was honoured with the honorary PhD degree awarding ceremony at Al Raazi Hall of Undergraduate Study Centre on Monday in acknowledgment of his meritorious services in the

The three witnesses, who had testified against Qari Khalid Jadoon, a prayer leader (Imam) in Rimsha Masih case, on Monday backtracked from their statements. The court adjourned the hearing of Khalid Jadoon bail plea till October 3.

MQM Lahore zonal committee has congratulated Quaid-e-Tehrik Altaf Hussain and all "Haq Parast Awam" on approval of Peoples Local Government Bill 2012 by the Sindh Assembly on Monday. Incharge Lahore Zone Waseem Khokhar and Dr Ali Hussain also praised Pres

Managing Director, Karachi Water & Sewerage Board (KW&SB), Misbahuddin Farid, dispatched a letter to I.G Sindh and Commissioner Sindh to complaint about lack of police cooperation in the ongoing anti-water theft & illegal hydrants campaign. In this letter

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) has detected a Karachi-based branded fruit juice manufacture committing serious violation of the Third Schedule of Sales Tax Act, 1990 by not printing

A division bench of the Lahore High Court on Monday directed University of Health Sciences (UHS) to allow five repatriate medical students to sit in third year MBBS examinations commencing on Tuesday (October 2). The petitioners, Qudsia Zubair, Mohsin San

Opposing the entire price control by Drug Regulatory Authority (DRA), Pharmaceutical industry is seeking across the board increase in drug prices for sustainable growth of industry. Addressing the press conference, newly elected Chairman Pakistan Pharmace

The National Assembly Standing Committee on Cabinet Secretariat has directed the National Electric and Power Regulatory Authority (Nepra) to make public complaints cell more effective for early redressal of consumers' complaints. The meeting of the Commit

Maqsood Ismail of M/s Ismail Industry Limited and Fahad Shoukat of M/s Shafi Gluco-Chem (Pvt) Limited have been elected unopposed as President and Vice President of Lasbela Chamber of Commerce and Industry respectively. A press release issued on Monday sa

The Sindh Assembly on Monday approved an adjournment motion with a unanimous vote to denounce the anti-Islam film. The lawmakers called for global legislation on blasphemy like the western nations have done against the denial of holocaust of Jews in Europ

The opposition lawmakers in Sindh Assembly staged a protest demonstration outside the house against the passage of the Sindh Peoples Local Government Ordinance 2012 (SPLGO) and termed the fresh legislation an "anti-Sindh" move. Opposition lawmakers came o

In Venezuela, it makes no difference whether your car consumes 6 or 30 litres per 100 kilometres because the state spends billions of dollars in petrol subsidies and nowhere else in the world is fuel as cheap as it is in Venezuela.

It is simply amazing to watch the growing number of journalists, TV anchorpersons, presenters and even the newscasters, jumping on to the bandwagon of deserters, quitting jobs, heading to greener pastures and joining other media houses and channels at sig

A thunderbolt is an awesome thing. It fills one with dread bordering on horror. Missiles with their lethal loads sent down by warring mortals (Air Force people) from the safety of high flying aircraft or from safe distances are no less terrifying and much

That Balochistan is in turmoil is a reality; broad day light killing of innocent human beings (mostly non-Baloch) is a daily affair, be it in the cities, on highways, in tribal territories, or at the Pak-Iran border. It is high time this turmoil was conta

In its latest World Economic Outlook released on 27th September, the IMF has warned that emerging market and developing economies which had witnessed uninterrupted growth and shallower downturns than their developed counterparts over the past decade shoul

Sardar Akhtar Jan Mengal's statement before the Supreme Court, his presence at political powwows and talks with media persons during his visit to Islamabad last week were an admixture of shrewd politics and an alarming narrative of reality on ground in Ba

Pakistan Mercantile Exchange ended the first quarter of FY13 with a record trading volume of Rs 385.58 billion in terms of value. This represents an increase of 40.71 percent on previous quarter. Over Rs 150 billion of traded volume was seen in September

Prime Minister Raja Pervez Ashraf on Monday assured that the government would resolve problems of lawyers to help them perform better in their profession. The Prime Minister made these observations while talking to a delegation of Gujjar Khan Bar Associat

At least six persons including two MQM activists were killed in separate incidents of violence at various parts of the metropolis here on Monday. According to police and rescue sources, MQM activist identified as Akhtar Hussain, 40, son of Muhammad Hussai

The Supreme Court on Monday rejected the plea of seven National Accountability Bureau (NAB) officials. They have sought withdrawal of show-cause notices issued for their failure to implement court's order in Rental Power Plants (RPPs) case. A three-judge

Tehreek-e-Taliban Pakistan (TTP) Monday hinted at extending support to Pakistan Tehreek-e-Insaf (PTI) peace rally scheduled for October 6 against US predator strikes in tribal areas, saying any good step by any political party beneficial to people of Wazi

Guantanamo detainee Omar Khadr, who was transferred to a prison in his Canadian homeland over the weekend, is having a difficult time adapting to his new circumstances, one of the inmate's lawyers said on Monday. Khadr, the youngest prisoner and last West

The Rice Exporters Association of Pakistan (REAP) has elected Javed Ali Ghori as its new chairman, Chaudhry Samee Ullah as vice chairman and Abdul Majeed Ghaziani as treasure unopposed for the year 2012-13. Likewise from North Zone from in Corporate Class

The World Bank has expressed serious concern over sharp decline in social sector spending during the tenure of present government and development partner forewarned the economic managers that Pakistan would be unable to achieve Millennium Development Goal