US aerospace giant Boeing forecasted on November 04 that global air cargo traffic would grow 5.8 percent annually over the next two decades, tripling an industry that has proved resilient to economic shocks.

Sales by Daimler's city car Smart ran rings around luxury Mercedes models in October, though the luxury car maker still showed an overall annual drop of 18 percent, the group said on November 7.

US media company EW Scripps Co announced on November 7 it would cut 400 jobs as the weak advertising market inflicted another blow on the struggling US newspaper industry. Scripps, which owns newspapers in 15 US markets and 10 television stations, also sa

The US toy manufacturer Mattel, the maker of Barbie dolls and Fisher-Price toys, announced November 6 it would cut a thousand jobs world-wide due to higher production costs and the economic crisis. Mattel, the world's largest toy maker, said the cuts amou

French-Dutch airline AirFrance-KLM wants to revive its bid for Austrian Airlines (AUA), the state public television network reported on November 7.

Advisor to Prime Minister on Finance Shaukat Tarin said on Sunday that International Monetary Fund (IMF) was ready to accept Pakistan''s "economic rehabilitation programme", but it wanted Islamabad to remain committed to its (Pakistan''s) own terms and co

Pakistan is expected to make a formal request for a Stand-By Arrangement with the International Monetary Fund, in this week to avoid default on its foreign currency obligations, it is reliably learnt. The Fund Board of Directors is expected to take up the

Karachi Stock Exchange (KSE) is prepared to remove floor mechanism on November 17, subject to provision of Rs 50 billion bailout package announced by the government, sources said on Sunday. It is expected that Rs 20 billion market stabilisation fund and R

With the stock market virtually shut down and credit flows in the banking system are still painfully slow due to a rising cost of funding - the two financial sector regulators have been unable to finalise a mechanism to provide the respective regulatees u

Advisor on Finance Shaukat Tarin has said that strict action will be taken if politicians are found involved in illegal transfer of dollars, along with Munaf Kalia and Javed Khanani.

Pakistan Agriculture Storage and Services Corporation (Passco) kicked off paddy procurement here on Sunday at the selected centres in Punjab. Passco has authorised 45 rice mills to buy paddy on its behalf from the growers. It will make 75 percent payment

Pakistan is expected to make a formal request for a Stand-By Arrangement with the International Monetary Fund, in this week to avoid default on its foreign currency obligations, it is reliably learnt. The Fund Board of Directors is expected to take up the

At least six national and international companies have expressed interest to set up joint venture with Sindh government for mining in Thar coal field Block II, official sources told Business Recorder.

The Senate and the National Assembly will meet separately on Monday (today) with a heavy agenda to be discussed in both the Houses. The Lower House of the Parliament will meet at 3 p.m. whereas the Upper House at 4 p.m. The basic agenda of the National As

Speaker National Assembly would on Monday announce the formation of Parliamentary Committee (PC) to oversight the joint-resolution at the end of the in-camera session. The announcement would be made by NA Speaker Dr Fehmida Mirza at a press conference at

China approved a huge stimulus plan on Sunday worth nearly $600 billion through 2010, part of a new global push agreed to by leading economies for measures to offset an expected recession in many countries.

China approved a huge stimulus plan on Sunday worth nearly $600 billion through 2010, part of a new global push agreed to by leading economies for measures to offset an expected recession in many countries.

China approved a huge stimulus plan on Sunday worth nearly $600 billion through 2010, part of a new global push agreed to by leading economies for measures to offset an expected recession in many countries.

More than 6,000 high-ranking Muslim scholars and clerics from across India have put their name to a joint religious opinion, or fatwa, against terrorism issued by one of the world's most important centres of Islamic teaching, it emerged on Sunday.

More than 6,000 high-ranking Muslim scholars and clerics from across India have put their name to a joint religious opinion, or fatwa, against terrorism issued by one of the world's most important centres of Islamic teaching, it emerged on Sunday.

The economic crisis will not stop President-elect Barack Obama from expanding health care, overhauling education and energy policy, and passing a middle-class tax cut soon after he takes office in January, senior aides said on Sunday.

Pakistan Muslim League-Nawaz is determined to strengthen the parliamentary form of government in the country and the PML-N under the leadership of Mian Nawaz Sharif is striving for ensuring strong and sovereign parliament.

The staff of Khanani and Kalia International (Pvt) Ltd here has disappeared from the scene, fearing raids for arrest of some of them following FIA clampdown on a number of forex firms in Lahore and Karachi.

Several countries are deeply scarred by the "imperialist" approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday.

Several countries are deeply scarred by the "imperialist" approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday.

Several countries are deeply scarred by the "imperialist" approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday.

The Directorate-General of Intelligence and Investigation has busted an organised gang comprising Karachi-based commercial importers and tax officials in Karachi involved in obtaining bogus income tax refunds of over Rs 90 million on forged documents.

At least six national and international companies have expressed interest to set up joint venture with Sindh government for mining in Thar coal field Block II, official sources told Business Recorder.

The Karachi share market witnessed dull trading activities during the outgoing week ended November 8, 2008 with the lowest ever volume on Friday due to no concrete development on the IMF funding and Saudi oil facility so far, along with no news on the lif

The Karachi share market witnessed dull trading activities during the outgoing week ended November 8, 2008 with the lowest ever volume on Friday due to no concrete development on the IMF funding and Saudi oil facility so far, along with no news on the lif

Karachi Stock Exchange (KSE) is prepared to remove floor mechanism on November 17, subject to provision of Rs 50 billion bailout package announced by the government, sources said on Sunday. It is expected that Rs 20 billion market stabilisation fund and R

Investment under Continuous Funding System (CFS) at Karachi share market declined to Rs 11.36 billion on the last trading day of the week ending on November 8, 2008 as compared to Rs 11.53 billion recorded a week earlier.

Advisor to Prime Minister on Finance Shaukat Tarin said on Sunday that International Monetary Fund (IMF) was ready to accept Pakistan''s "economic rehabilitation programme", but it wanted Islamabad to remain committed to its (Pakistan''s) own terms and co

With the stock market virtually shut down and credit flows in the banking system are still painfully slow due to a rising cost of funding - the two financial sector regulators have been unable to finalise a mechanism to provide the respective regulatees u

The Finance Ministry is said to be facing stiff resistance from financial institutions which had been 'instructed' to buy shares of selected government controlled listed companies at prevalent prices, sources told Business Recorder.

The sentiments remained dull on the Lahore Stock Exchange (LSE) where equities showed no visible gain or loss because of lacking investors' interest in trading. The LSE index, for the first time, remained unchanged at 2825.36 throughout the last week that

The Sindh Minister for Information Ms. Shazia Marri has said that the leadership of PPP and its government believes in democratic approach of consensus and consultation to ensure stability, good governance and settle national issues with a view to strengt

The G20 group of advanced and big emerging economies agreed on Sunday on the need for coordinated action to fight the financial crisis, G20 president Brazil said. But Brazilian Finance Minister Guido Mantega said after a G20 annual meeting that details of

All shops and offices of money exchangers remained closed in Multan, Bahawalpur and Dera Ghazi Khan on Sunday. FIA teams raided their hideouts in different cities but no arrest reported.

All shops and offices of money exchangers remained closed in Multan, Bahawalpur and Dera Ghazi Khan on Sunday. FIA teams raided their hideouts in different cities but no arrest reported.

The New Zealand parliament will have a record six Asian members - including the first ethnic Korean and Sikh - following Saturday's election.Korean-born television presenter Melissa Lee, 42, and former New Delhi businessman Kanwaljit Singh Bakshi will joi

Indian occupation security forces shot dead 11 suspected freedom fighters in fighting over the weekend in the disputed Kashmir region, police said on Sunday. Five militants were killed in Poonch district, a police official said, while four others were kil

The Federal Board of Revenue (FBR) has again charge sheeted sales tax and customs officials who were earlier cleared and reinstated after a formal inquiry in sales tax refunds scam of Bawan Shah Group of Companies (BSGC).

Twenty people were killed on board a Russian nuclear submarine, the navy said on Sunday, in an accident that exposed the gap between the Kremlin's ambitions and its military capability.

Twenty people were killed on board a Russian nuclear submarine, the navy said on Sunday, in an accident that exposed the gap between the Kremlin's ambitions and its military capability.

Pakistan Peoples Party, (PPP) associated Sindh ministers, Pir Mazhar-ul-Haq and Dr Zulfiqar Mirza called on Muttahida Qaumi Movement (MQM) Chief Altaf Hussain at MQM International Secretariat, London.

The government has no plan to withdraw subsidy on wheat given to Gilgit-Baltistan, rather it was taking, enhancement of wheat quota, into consideration following increase in the population of Gilgit-Baltistan.

State Minister for Food, Agriculture and Livestock Rafiq Ahmad Jamali has said that scientific progress in agriculture will bring radical changes that would help the government to achieve the goals of poverty reduction and food security.

The Markazia Majlis-e-Iqbal held a largely attended function here on Sunday in connection with birthday celebrations of poet philosopher Allama Mohammad Iqbal who conceived the idea of a separate homeland for the Muslims of the subcontinent and is revered

As many as 169 Sikh Yatrees from across the world arrived here in Lahore on Sunday to celebrate the 540th birth anniversary of Guru Nanak, the founder of the Sikh religion.

The Foreign Minister, Makhdoom Shah Mehmood Qureshi has said that he will leave for the USA on Monday (today) to attend the International Inter-Faith Conference to be held there in the second week of November.

Deposed Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry has said that establishment of an independent judiciary has become more imperative at this critical juncture for protecting geographical and ideological fronts of the country.

Six persons were killed, while more than one dozen injured in various road accidents. First accident took place on canal road near Raza Town, where a leading businessman Malik Muhammad Yasin and his 80 year old father Abdul Rashid were killed, while five

Balochistan Education Minister Shafiq Ahmed Khan has said that two hundred and fifty government schools have been destroyed in the October 29 earthquake in the province. Talking to a TV channel, he said the demolition of school building has affected the e

The birth anniversary of great philosopher and poet Allama Muhammad Iqbal was celebrated with usual zeal and enthusiasm in the city and other parts of Sialkot district on Sunday.

Former Federal Secretary Abu Shamim Mohammad Ariff expired in Islamabad on Sunday afternoon. His body has been flown to Karachi. Namaz-e-Janaza will take place at Zohr in Masjid-e-Tayyaba Bath Island. Ariff who topped M A Economics examination of Karachi

Prime Minister Syed Yousuf Raza Gilani has expressed deep grief and sorrow over the sad demise of Fateh Khan Bandial, former Federal Minister for Interior and Secretary Interior who passed away on Sunday morning.

The committee formed to recommend allotment of government houses is not pursuing its objectives as out of turn allotment is being made setting aside the general waiting list.

F.K. Bindial, father of Lahore High Court Judge, Omar Ata Bindial died here on Sunday. He was 80. The deceased was a senior bureaucrat and had rendered services as Principal Secretary to President, Chief Secretary and Home Secretary.

All contractual (daily wages) employees of Civil Aviation Authority (CAA) would be regularised. This was stated by Defence Minister Ahmed Mukhtar while addressing the newly elected officer-bearers of the Union of Civil Aviation Authorities Employees (UCAE

The week under review ended on November, 8, 2008 had so many turn and twist to upset noting direction, the consolation derived by cotton consumers was expectation of government's various facilities. The ginners were somewhat out of sorts due to expeditiou

Pakistan is a very important trade partner for Poland in South Asia and the country is deeply interested in further development of relations with Pakistan in all fields.

Balochistan's quake-stricken areas are likely to witness the temperature going down up to -9 degree Celsius, which will further add up to the hardships of the victims.

Reputed journal, Foreign Policy in its report has declared Karachi Nazim, Syed Mustafa Kamal the second best mayor of the year 2008 world.

In what has now become a highly anticipated corporate event, Best Practices Day 2008, was held at Karachi Sheraton Hotel on November 6' 2008. The conference was managed by Sidat Hyder Morshed Associates and was the first of three events being held to high

The commodities world over showed they moved both ways with slight edge, the Pakistan markets behaved in familiar fashion during the week ended on November 8, 2008. The opening day in Pakistan saw makai, sugar, masoor, urad, bajra, plastic mouldings etc b

As many as six persons were killed and two injured in a bloody shootout between the two rival groups at Momandkhel area in the jurisdiction of Cantonment police station here on Sunday. An official of district police said a jirga comprised elders of the ar

Chairman Joint Chief of Staff Committee (CJCSC), General Tariq Majid on Sunday left here for Germany on an official visit. The General embarked on a week-long visit to the friendly country.

Chairman 'The Founders' Munir Ahmed Khan has demanded of the government to withdraw increase in electricity tariff for industrial sector, as it will further curtail the economic growth of the country.

Pakistan Muslim League-Q Central leader and former Punjab Chief Minister Chaudhry Pervaiz Elahi on Sunday said that those who were claiming of practising the politics of principles have been exposed with "social dinner" in Islamabad.

The automobile industry is facing worst ever crisis due to multiple causes and its current production is down by 40 percent, automobile and auto parts manufacturers told Business Recorder here on Sunday.

Engro Chemicals is an agri-based company, engaged in the business of manufacturing and marketing of fertilisers. The company was incorporated in 1965 and formerly it was called Exxon Chemical Pakistan Limited until 1991.

A two-day international conference on 'Paediatric Infectious Diseases', concluded here on Sunday with the recommendation that adequate financial resources must be allocated for ensuring control of infectious diseases among children.

The week under review ended on November, 8, 2008 had so many turn and twist to upset noting direction, the consolation derived by cotton consumers was expectation of government's various facilities. The ginners were somewhat out of sorts due to expeditiou

As elsewhere, the World Diabetes day was marked here on Sunday with emphasis on prevention and fostering awareness. The theme was " Diabetes in children and adolescents". In this connection, the Diabetic Association of Pakistan (DAP) organised a moot at a

Ferrari president Luca di Montezemolo smashed a television set after seeing McLaren's Lewis Hamilton snatch the Formula One world title from Felipe Massa in last weekend's season-ending Brazilian Grand Prix. "I broke the television, I must tell the truth,

Training of farm management cadets under Benazir Bhutto Shaheed Youth Development Programme (BBSYDP) to develop the skills of trainees from Naushehro Feroze district started at Research and Training Institute (RTI) for Livestock Development, Red Sindhi Ca

Australia face a stiff target to level the series against India after a crucial 108-run stand between Mahendra Singh Dhoni and Harbhajan Singh in the fourth and final Test here on Sunday. The visitors were 13 without loss at stumps on the penultimate day

Five sugar mills of Badin district have still to ignite their boilers to start crushing season, scheduled from 10 November 2008, the deadline set by the Sindh government.

A goal from Brazilian Fred preserved Lyon's four-point lead at the top of the French league table Saturday with a 1-0 win at struggling Monaco.

The Pakistan Telecommunication Authority (PTA) is seriously engaged in enhancing broadband proliferation in the country. To achieve its goals, an open 'dialogue' meeting was organised by PTA last week to discuss broadband proliferation issues.

World number three Novak Djokovic and Russia's Nikolay Davydenko scrapped to hard-fought wins as the elite Tennis Masters Cup got off to a pulsating start on Sunday.

Three more industrial associations have announced on Sunday their support for Associate and Corporate Class candidates of PIAF-Founders Alliance for the forthcoming Lahore Chamber of Commerce and Industry (LCCI) polls.

McLaren's Lewis Hamilton has praised former team mate and rival Fernando Alonso for burying the hatchet and congratulating him on becoming Formula One's youngest champion. Hamilton told reporters at Mercedes' annual 'Stars and Cars' event in Stuttgart on

Chile's official water authority warned that the Echaurren glacier near Santiago, which supplies the capital with 70 percent of its water needs, could disappear in the next half century. In a new report on Chile's glaciers the main water company - Direcci

Nicolas Anelka's double secured a 2-0 win against Blackburn on Sunday that sent Chelsea back to the top of the Premier League. After Liverpool had taken pole position on Saturday, Luiz Felipe Scolari's team underlined their determination to regain the tit

MySpace said on Monday it and online advertising technology company Auditude are working with Viacom Inc's MTV Networks to make money from video clips that its users put online. When people who use MySpace, the online social network owned by News Corp, po

Chelsea on Sunday denied a newspaper report which claims the London club is planning a move to a new stadium. A report in The Observer claims the Blues are set to quit Stamford Bridge for a new stadium with a retractable roof and room for 75,000 fans.

The staff of Khanani and Kalia International (Pvt) Ltd here has disappeared from the scene, fearing raids for arrest of some of them following FIA clampdown on a number of forex firms in Lahore and Karachi.

Young opener Khurrum Manzoor replaced Nasir Jamshed in the Pakistan squad that left on Sunday for Abu Dhabi to play three one-day matches against the West Indies. Jamshed declared himself unfit for the tour hours before the team's departure as he had a hi

Pakistan has received a $200 million loan from the Islamic Development Bank it is reliably learnt. The loan is on a floating rate for general purpose use and is repayable after one year.

Rising Englishman Oliver Wilson upstaged golf's big guns with a 69 in blustery conditions to take a one-shot lead at 12 under after three rounds of the rain-delayed HSBC Champions here on Sunday.

MySpace, the popular online social network owned by Rupert Murdoch's News Corp, could develop a digital music player in the future, pitting it against Apple Inc's hot-selling iPod. But there are no immediate plans to make or sell such a device, MySpace co

International Olympic Committee chief Jacques Rogge expects "possibly" seven more positive doping cases from the Beijing Games, according to a report here Sunday. Speaking at a function in Vienna to celebrate the 100th anniversary of the Austrian Olympic

Pakistan has received a $200 million loan from the Islamic Development Bank it is reliably learnt. The loan is on a floating rate for general purpose use and is repayable after one year.

Liverpool manager Rafa Benitez believes Irish international striker Robbie Keane has finally removed "the monkey" from his back and can go on to make an impact on his team's title bid.

Alico AIG Life has issued Weekly Unit Prices.

Mutual Funds Association has issued open-end funds daily prices for Monday (10 November 2008).

Although $200 million from Asian Development Bank received by the government as one-time assistance on Thursday has come handy, the size of amount the country expects to get from IMF as first tranche is highly important and crucial for putting the country

Following currency fluctuations took place in foreign exchange rates during the last week. (November 03 to November 08, 2008).