US grains staged a sharp rally on Tuesday amid a fresh inflow of investment money near month's end, with wheat posting its biggest daily gain since September on a sharply reduced assessment of the fledgling Plains wheat crop. Record-low wheat condition ra
Malaysian palm oil futures eased on Wednesday, dropping for a second straight session on concerns that US fiscal woes could hamper global economic growth and commodity demand. "The market looks like it's expected to just stay rangebound this week," said a
Arabica coffee futures on ICE surged nearly 4 percent on Wednesday, changing direction after hitting a 2-1/2-year low, as the dollar fell from its highs after US House Speaker John Boehner expressed optimism about avoiding a fiscal crisis. Cocoa futures c
Gold fell on Tuesday for a second session as US fiscal worries overshadowed progress in easing Greece's debt burden, and a key option expiration held bullion prices in a tight range. Safe-haven demand for gold faded after euro zone finance ministers and t
Gold edged lower on Wednesday, extending its losses to a third day, as the euphoria over a Greek debt deal fizzled and investors shifted their focus to US negotiations to avert a looming fiscal disaster in the world's largest economy. Spot gold inched dow
Gold prices fell 2 percent on Wednesday, their biggest one-day drop in three weeks, as the dollar's jump against a basket of currencies and broad-based selling of commodities triggered sell stops, sparking a $20 price drop in less than five minutes. More
US wheat futures rose for the seventh straight session on Wednesday, as commercial buying at the opening of pit trading in Chicago triggered a rebound from an early dip even as other commodity markets tumbled. Soyabean futures eased the first time in four
Gold fell more than 1.5 percent early on Wednesday, its biggest one-day drop in almost four weeks, hit by a heavy bout of stop-loss orders as momentum-driven fund investors liquidated their bullish positions. After trading slightly lower in Asian dealings
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) in association with the Karachi Chamber of Commerce and Industry (KCCI) and Lahore Chamber of Commerce and Industry (LCCI) and with the support of India Trade Promotion Organisation (ITPO),
"To reduce operational cost, enhance efficiency successful, organisations are implementing more-efficient technologies and processes, as eliminating complexity and simplifying IT not only lowers operating costs but can also drive better productivity." The
Three days of weekly closure of compressed natural gas( CNG )stations for gas load management and the strike by CNG station owners on pricing issues have forced vehicle owners to reconvert their vehicles to imported petrol, diesel and LGP to keep them ope
Fadi Ghandour, the Founder and CEO of Aramex International, has agreed to become the Chairman of the Advisory Council, IBA Centre for Entrepreneurial Development (CED) on the invitation of Dr Ishrat Husain, Dean and Director IBA. The main purpose of the A
Traders on Wednesday staged a protest demonstration against the closure of CNG stations, warning of a countrywide agitation if the gas was not supplied to consumers. All Pakistan Organisation of Small Traders and Cottage Industries blamed the Ogra and own
Begum Shehnaz Wazir Ali Special Assistant to Prime Minister on Social Sector has said that the government is making strenuous efforts to get much-awaited Domestic Violence (Prevention and Protection) Bill, 2009 passed through the Parliament with consensus
UBL Fund Managers announced an interim payout for the period-ended November 20, 2012 from its open-end investment schemes. The company announced a payout of Rs 4.10 per units of par value Rs 100 from its money market scheme, UBL Liquidity Plus Fund (ULPF)
UBL Fund Managers announced an interim payout for the period-ended November 20, 2012 from its open-end investment schemes. The company announced a payout of Rs 4.10 per units of par value Rs 100 from its money market scheme, UBL Liquidity Plus Fund (ULPF)
The pneumococcal vaccination drive will reduce steeply the rate of child mortality as it is getting extraordinary response from the public along with involvement of the provincial government and global welfare organisation.
Heavy participation was witnessed in the Market Treasury Bills auction held on Wednesday. In response to the State Bank of Pakistan's tender for the sale of 3-month, 6-month & 12-month Government of Pakistan Market Treasury Bills (MTBs), overall Rs 221.37
Heavy participation was witnessed in the Market Treasury Bills auction held on Wednesday. In response to the State Bank of Pakistan's tender for the sale of 3-month, 6-month & 12-month Government of Pakistan Market Treasury Bills (MTBs), overall Rs 221.37
Director Admission, Sindh University (SU) has announced that the candidates who have succeeded to select admission in Bachelor's and Master's Degree programme can also submit their admission fees in HBL branch situated at Elsa Kazi Campus (old campus) Hyd
Communist leaders in the Kremlin used to pour scorn on Las Vegas as the last word in US decadence, but now the Russian leadership is pouring billions of dollars into a gigantic gambling and entertainment strip in Vladivostok. Roulette tables will soon be
The CSS exams of 2012 were conducted in the month of February and after the long wait of almost eight months, the result of written portion was finally announced in the second week of October.
Despite provisions of currency reporting and the crime of structuring in the US Bank Secrecy Act, 1970 (BSA) neither the implementers nor the law enforcement agencies noted the importance of the measures; it was after passing of US Patriot Act, in 2001 th
Cell phone services shut. Motorbikes off roads. Public offices and schools closed for one day extra than the usual Muharram 9 and 10 holidays. And the Army standing on full alert. That is how Pakistanis observed the Yaum-e-Ashur this year. These precautio
As if Taliban and their extremist genre were on the run, the government has offered amnesty to the proscribed organisations - only to be promptly rejected. If they renounced terrorism and agreed to cooperate with government, the Interior Minister Malik ha
A Business Recorder exclusive revealed that the federal government was able to contain the budget deficit for July-September 2012 to 1.2 percent due to two major contributory elements: cumulative surplus of 107.3 billion rupees in the provincial bu
Kisan Board Pakistan (KBP) in second phase of its 'Save Farmer-Save Pakistan' movement will be staging sit-in at all the district headquarters today besides holding demonstration on important thoroughfares and bridges to press the government for acceptanc
'The hand that rocks the cradle rules the world' so goes the proverb and so is probably true, under the given situation in Pakistan, that the farmer who ploughs the field ensures food security for the country, to feed the poor and the resourceful, alike.
The Chairman, State Life has conveyed his deep condolences to the bereaved family members of the fire victim in Wednesday's incident. According to details, the fire was erupted in the premises of rented KESC's office, situated in State Life's building No
A fire broke out at a State Life Building in the Saddar area in the limits of Artillery Maidan police station here on Wednesday. A young man, Owais Baig, lost his life after he panicked and jumped off from an eighth floor window. The man was in the buildi
The Reforms Support Unit (RSU) of the Sindh Education and Literacy department has proposed to hold tests and interviews on December 16, 17 and 18 this year for 18,248 vacancies of school teachers, Business Recorder learnt on good authority on Wedne
The domestic fertiliser consumption remained subdued during the first 10 months of the calendar year 2012 (CY12). However, industry sources estimated that urea and DAP demand was expected to increase following the government's decision to increase the whe
A fresh wave of violence has gripped the city after a four-day interval: seven persons were killed and a half dozen injured in separate incidents at various parts of the metropolis on Wednesday. According to police and rescue sources, a 70-year-old man na
Sindh University (SU) authorities have announced that the date for conducting interviews of candidate for admission in M. Phil degree program in Sindhi and Islamic culture. According to a statement issued here from Public Relations Office, the faculty of
The 15th convocation of Institute of Business Management (IoBM) will be held at its campus in Korangi Creek here on December 8. Sindh Governor, Dr Ishrat ul Ibad will be the chief guest. Students would be graduating in business management and allied disci
Dawlance announced the launch of its new promotional scheme, aptly titled 'Microwave Marvel'. The scheme offers customers a wonderful opportunity to own a Dawlance DW115 C-HZ microwave oven along with two gifts; a Tawa, especially designed to cook home-ma
Awami National Party (ANP) Sindh on Wednesday announced support for the strike call given by Pakistan Muslim League (Functional) against the newly promulgated SPLGO 2012. Leader of Sindh United Party Jalal Mehmood Shah and PML-F leader Yasir Sain called o
Growers and sugar millers in Khyber Pakhtunkhwa have appreciated the Economic Co-ordination Council (ECC) decision for allowing the export of the surplus sugar and Rs 150 per 40kg increase in the support price of wheat. The stakeholders are jubilant on th
The Pakistan Economy Watch (PEW) has urged the Oil and Gas Regulatory Authority (Ogra) to take independent decisions to determine a new price of Compressed Natural Gas (CNG) in order to provide relief to the masses setting aside the pressure of influentia
Advisor to Prime Minister on Petroleum Dr Asim Hussain on Wednesday urged the Supreme Court to take action against on-strike owners of the CNG stations. Talking to INP outside the Parliament House, the advisor said that the Supreme Court had ordered the o
Jamiat Ulema-e-Islam-Fazal (JUI-F) and Awami National Party (ANP) are considering an electoral alliance and/or a seat-to-seat adjustment for the upcoming general elections in Khyber Pakhtunkhwa, it was learnt.
As many as 34 textile companies have shifted their business to Europe and Bangladesh during the last few years due to power and gas shortage and the prevailing deteriorating law and order situation in the country, informed sources revealed to Business
The United Nations' (UN) International Day of Solidarity with the Palestinian People is being observed today to continue to give the widest support and publicity to the observance of the Day of Solidarity. The day is also known as Solidarity Day. Events a
Pakistan Tehreek-e-Insaf Chief Imran Khan has ruled out any chance of alliance with former president Pervez Musharraf and said that no alliance will be made with the former dictator before or after the upcoming elections. Talking to a private TV channel a
Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti has said that terrorists are against the future of Pakhtuns and destroying schools but vowed to build ten in response to one destroyed school. Addressing a public meeting at Ghazi Baba, district Mar
The provincial government of Khyber-Pakhtunkhwa on Wednesday invited private sector to play its role in the promotion of technical and vocational education and training (TVET) through initiating joint ventures to contribute in the development of province.
The directorate of Immigration and Passports (I&P) is facing severe financial crisis and is likely to stop issuing passports after November 30, if the Finance Ministry failed to release required funds to directorate by November 30.
There are 3.3 million children working in the country as per 1996 survey on child labour, Society for the Protection of Rights of Child (Sparc) has claimed here on Wednesday. "No survey on child labour was conducted in Pakistan after 1996 due to which aut
Khyber Pakhtunkhwa Governor, Barrister Masood Kausar has said that the province of Khyber Pakhtunkhwa has a rich history and cultural heritage and even alien writers especially the British have authored numerous books on the origin, history, culture and b
Youth festivals would be organised in the big cities of Sindh to help hone up the talents of the young generation. This was stated by Sindh Minister for Youth Affairs Syed Faisal Subzwari, who was talking to various delegations in his office here on Wedne
A prominent leader of the PML-N Rao Qaiser Ali Khan called on Prime Minister Raja Pervez Ashraf here on Wednesday. During the meeting Rao Qaisar praised the decision of the government to increase the support price of wheat to Rs 1200/-. "This decision of
Mian Zahid Aslam, President Faisalabad Chamber of Commerce & Industry (FCCI) has said billions of refund claims in the context of Duty Drawbacks, Sales Tax and R&D are pended with the government. The exporters are facing severe liquidity crunch to fulfil
The Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif said on Wednesday that Pakistan is facing several challenges and problems would not be solved overnight. Addressing a rally in Swat, Nawaz said problems such as the violence in Karachi, situa
The 9.5 million children are still out of school in Pakistan and deprived of the right to education. These views expressed at a seminar arranged by Idara-e-Taleem-o-Aagahi to discuss the legal implications of Article 25-A 'Right To Education'.
Chairman All Pakistan Textile Mills Association (Aptma) Ahsan Bashir has said that the textile industry is not being supplied with uninterrupted electricity supply despite lowest domestic demand at present. He said the industry is usually in dire need of
The United States of America (US) will provide $150 million to the Pakistan Water and Power Development Authority (WAPDA) for up-gradation of the Mangla Power House. This announcement was made by the US Ambassador to Pakistan Richard Olson during his visi
The Lahore High Court here on Wednesday adjourned to November 30 the hearing of a petition filed by Jamaat-i-Islami against political office of President Asif Ali Zardari. The court directed the counsel of the JI to submit notification about election of r
A six-member delegation of the Jamaat-i-Islami, led by the JI Secretary General, Liaqat Baloch, called on the Chief Election Commissioner (CEC), Justice Fakhruddin G. Ibrahim (Retd), in his office in the Federal capital, on Wednesday. According to spokesm
Special Assistant to Chief Minister on Health Khawaja Salman Rafique has said that a comprehensive programme has been chalked out throughout the province to rid all government hospitals of rodents, bugs, cats and stray dogs. The Health department has issu
Punjab Chief Minister Shahbaz Sharif has said that Punjab government is taking concrete steps to bring the younger generation into the mainstream of national progress and prosperity. He said, for the first time in the history of the country, consultation
Ufone recently announced the winners for the "10 say 10 lakh" offer and the 10 lucky recipients of Rs 10 lakh got to experience a lifetime opportunity which would change their lives. It may be recalled here that Ufone had provided a chance for customers t
Prime Minister Raja Pervez Ashraf on Wednesday expressed the confidence that the new management of Pakistan International Airline Corporation (PIAC) would bring about a turn around in the national flag carrier with a new passenger friendly face. The Prime
The police Wednesday arrested two cops allegedly involved in stealing huge cache of official weapons. SSP Farrukh Lanjar said that besides several mortar shells, 1,63,000 bullets of Kalashnikov and 18,000 rounds of G3 assault rifle were reported missing f
Sunni Ittehad Council (SIC) Chairman Sahibzada Fazal Karim has denied his removal as Chairmanship of the Council. He said while talking to Business Recorder that it was a statement made by a leader of Milli Yakjehti Council, which has no importance
All Pakistan Anjuman-e-Tajiran (APAT) has issued directives to all its members in all districts across the country to display their National Tax Numbers prominently at their outlets, so that traders who have no NTNs are encouraged to register with the tax
The father of Pakistan's nuclear bomb has registered a new political party to contest for the first time general elections expected next year, officials said on Wednesday. Many Pakistanis regard Abdul Qadeer Khan, 76, as a hero for building the Muslim wor
National Electric Power Regulatory Authority (Nepra) has come down heavily on Karachi Electric Supply Company (KESC) and Sui Southern Gas Company (SSGC) for their alleged irrational facilitations to the DHA Cogen Ltd (DCL) which eyes revival of the dysfun
Chairperson Higher Education Commission (HEC), Dr Javaid R Laghari said that HEC has undertaken a number of steps for promotion of innovation and entrepreneurship. So far 22 Office of Research, Innovation and Commercializa-tion (ORICS) and 6 business and
Addiction and over-dose are the cause of deaths and not the cough syrup that is being blamed for the causalities. Therefore, the government should immediately stop harassment of the owners and the distributors. The Lahore Chamber of Commerce and Industry
Punjab Chief Minister Muhammad Shahbaz Sharif has said that an inquiry committee to review the incident, cough syrup deaths in Shahdra, on scientific lines and due punishment will be awarded to the elements responsible for this tragedy. He said that human
The British Council inaugurated the third Virtual Exhibition 2012 under its Education UK (EUK) programme, facilitating Pakistani students towards educational opportunities that may be available for them in the UK. The Virtual Exhibition through an interac
Second session of Campus Outreach Programme was held here on Wednesday for the students of Institute of Business and Information Technology, University of the Punjab by Lahore Stock Exchange in collaboration with South Asian Federation of Exchange (SAFE)
Third batch of 'Artificial Insemination Assistants' (AIAs) and 'Women Livestock Extension Workers' (WLEWs) being trained by the Punjab Livestock and Dairy Development Board (PLDDB) will be passing out on November 30 (Friday) at a simple but impressive cer
The Meteorological Department forecast scattered thunderstorm/rain with snowfall over the hills in parts of Khyber-Pakhtunkhaw, Gilgit-Baltistan and Kashmir, Balochistan and Punjab today. It said light rain is also expected over KPK, Quetta, Zhob, Kalat,
Legislation against domestic violence and violence perpetuated by state machinery must be passed to make these acts punishable crime, this was demanded by the speakers during the rally entitled 'Protect Women against Violence' staged by Peace and Human De
Sindh Madressatul Islam University (SMIU) has clarified the news item published in some newspapers that S M Science College was merged with the Sindh Madressatul Islam University, now it is being vacated by SMIU to another place. Dr Muhammad Ali Shaikh, v
The University of Veterinary and Animal Sciences (UVAS) Lahore formally launched "UVAS 24/7 Extension Service" on Wednesday to provide emergency services to livestock, poultry, fisheries and dairy farmers on their doorstep. Speaking at the inaugural cerem
Pakistan Tehreek-e-Insaf (PTI) will hold province-wide convention on December 2 in Lahore to devise strategy for intra-party elections. PTI Chairman Imran Khan would start tour to Punjab from December 9, starting from Saadiqabad. This was disclosed in a s
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appreciated the Federal Board of Revenue (FBR) for proposing its three-year strategic plan to reduce the sales tax from 16 to 10 per cent; corporate tax 35 to 30 per cent and reducti
Voicing its concern at and condemnation of the attempt to assassinate senior journalist Hamid Mir, the Human Rights Commission of Pakistan (HRCP) has called for effective measures to guarantee journalists' fullest possible security.
Around 50,000 wholesalers are reluctant to file their sales tax and federal excise returns on the assumption that the Federal Board of Revenue would allow 97 percent input tax adjustment, instead of the existing 90 percent. Sources told Business Record
Pakistan Muslim League-N central leader and leader of the Opposition Chaudhry Nisar Ali Khan on Wednesday said masses are anxiously waiting for the general polls to get rid of Pakistan Peoples' Party. Talking to INP, Nisar flatly rebuffed the possibility
Balochistan lawyers on Wednesday observed black day and boycotted court proceedings across the province including Quetta on the appeal of Balochistan Bar Association (BBA) against life attempt on their colleague. Talking to a private TV channel, BBA gener
The Sindh Public Service Commission (SPSC) Hyderabad has informed that the Departmental Examination of Revenue Qualifying Examination in Board of Revenue Department is scheduled to be held from December 17.
The UNDP funded three-year Pro-Poor Governance for the Legal Empowerment (Pro-Gole: Right to Do Business) initiative of Smeda has extended legal facilitation to marginalized SME businesses, kiosk owners, women entrepreneurs and different business associat
AJK Accountability Bureau has arrested Sheikh Noor Ahmed, a retired headmaster of public-sector high school, on the charge of allegedly attesting a fake National Identity Card.
Politicians, civil society, defence forces and media should join hands for addressing multiple problems being confronted by the country, Chairman Standing Committee on Defence and Defence Production Mushahid Hussain Sayed said on Wednesday.
A high-level meeting, chaired by Governor Balochistan Nawab Zulfiqar Ali Magsi, on Wednesday announced a special package and incentives for dissident Baloch leaders, besides pledging to form a donation fund and provision of dignified means of livelihood t
Dr Shireen Mazari, CEO of STR, on Wednesday welcomed the test conducted by Pakistan of its medium-range ballistic missile (MRBM). She explained that the significance of this test was not the Ghauri missile per se but the working of the now fully automatic