The closing quotation of Al-Abid Silk Mills Ltd shares is quite high at Rs 71 against its par value of Rs 10. During the last one year the bull run at the stock exchange has catapulted its share price to a very high level and is poised to cross Rs 100 thr
The closing quotation of Al-Abid Silk Mills Ltd shares is quite high at Rs 71 against its par value of Rs 10. During the last one year the bull run at the stock exchange has catapulted its share price to a very high level and is poised to cross Rs 100 thr
A free-floating Chinese yuan would surpass sterling and the Swiss franc in the league of major currencies and its status would elevate Asia as a foreign exchange trading region, industry experts say.
The median overnight interbank rate on Egypt's pound slipped to 2-1/2 percent from three percent on Thursday as demand fell a day before the end of a central bank reserve rate period, dealers said.
High oil prices and the prospect of a rise in US interest rates are expected to keep a lid on Japanese stocks this week, overshadowing a strong recovery by the economy and corporate earnings.
Most Asian currencies gained ground this week as fears of a US rate hiked eased, while the Japanese yen was buoyed up by robust economic data and a rebound of Japanese stocks.
Egyptian shares ended mixed in low volume trade on Sunday with Media Production City the focus of attention on reports UAE investors are awaiting its listing on the Dubai bourse, traders said.
Hong Kong stocks are expected to hover around current levels in the coming week, with investors closely monitoring bidding in the first government land auction in nearly two years.
Indian markets are likely to limp along this week as investors come to terms with the new government's economic agenda, which aims to sustain growth and focus on the farm sector but slow down privatisation.
Kuwait's Boubyan Bank attracted public subscriptions of more than three times its allotted amount in one of the country's largest ever initial public offerings, the official in charge of founding the new Islamic bank said on Sunday.
Britain's FTSE-100 index of leading shares is expected to rise or at least hold current levels this week with Vodafone at the top of the corporate menu as investors eye its acquisition strategy.
China's Finance Ministry will issue seven-year treasury bonds worth 33 billion yuan ($3.99 billion) from May 25 to cover budgetary needs and support economic growth.
China's Finance Ministry will issue seven-year treasury bonds worth 33 billion yuan ($3.99 billion) from May 25 to cover budgetary needs and support economic growth.
South African stocks could rally two percent or more this week if economic indicators underpin positive sentiment about the business climate, analysts said on Friday, although international uncertainty could weigh.
US stocks will follow the lead of consumers this week when traders look at economic reports for hints on whether rising oil prices have started to crimp spending on other goods.
A rescue plan for engineering group Alstom, worked out by EU and French officials in Brussels at the beginning of the week, remained the subject of tough negotiations this weekend over the fine print on partnerships.
The Gulf Investment Corporation (GIC), a business company owned by the Gulf oil monarchies, Sunday signed a 200-million-dollar deal to set up a steel plant in the United Arab Emirates (UAE).
Dissent emerged in Opec on Sunday after Saudi Arabia announced unilateral plans to raise supply and asked Opec to endorse a big increase in cartel output limits to cut crude prices.
Group of Seven financial leaders raised pressure on Opec to boost crude oil production and curb near-record prices menacing the world economy as they opened formal talks here Sunday.
US oil companies' return to Libyan oilfield projects after an absence of 18 years could be delayed by their request for more favourable contract terms, Libya's oil minister said on Sunday.
The African Development Bank (AfDB) is considering $580 million in finance to projects that will improve the continent's roads and rail networks and increase electricity supply, the bank said on Sunday.
Russia would reap golden opportunities to transform its oil-dependent economy if admitted to the World Trade Organisation, but industries emerging slowly from a Soviet past would suffer wrenching change.
China's searing economic growth is unlikely to slow significantly in the second half of this year, Zhang Guobao, vice chairman of the powerful State Development and Reform Commission, said on Sunday.
Sri Lanka's revenues have fallen sharply while a plethora of election pledges are set to bust the budget as the government aims to raise 250 million dollars in new foreign loans.
British interest rates need to be doubled if the country's overheated housing market is to avoid a serious crash, home loan companies have warned, according to a report Sunday.
A ship carrying 4,190 South Korean and Japanese cars sank after colliding with an oil tanker south of Singapore, port officials and a ship operator said on Sunday.
A tribal separatist group in India's troubled north-eastern state of Nagaland Sunday said it was ready to begin peace talks with the new Congress-led government in New Delhi.
A lawyer for a soldier charged in the Abu Ghraib abuse case said a captain at the Iraqi prison has charged that Army Lieutenant General Ricardo Sanchez was present during some unspecified "interrogations and/or allegations of the prisoner abuse," The Wash
The British embassy here came under attack by stone-throwing protestors Sunday for the fourth day in a week, as Iranian opponents of the US-led occupation of neighbouring Iraq vented their fury on the key coalition partner in the absence of a US mission i
Michael Moore's scathing attack on the US president in "Fahrenheit 9/11" may be good cinema, but newspapers across the world said Sunday its triumph at the Cannes film festival was more due to politics than art.
Afghanistan's first private television station went on air Sunday in Kabul, some two years after the fall of the Taleban regime which arrested and punished those caught watching TV.
Former IMF head Horst Koehler was elected Germany's ninth post-war president by a special federal assembly on Sunday in a ballot marred by a row over a Nazi-era judge who sentenced World War Two deserters to death.
At least 14 people, including four children, were killed and 20 were missing Sunday after four ferries capsized during pre-monsoon storms in southern Bangladesh, officials said.
Israel said Sunday that its ongoing offensive in Rafah would end in a matter of days, as Prime Minister Ariel Sharon unveiled his revised plan for a gradual withdrawal from the Gaza Strip to the army.
Iran has sent a "formal warning" to the United States over American policy in neighbouring Iraq, foreign ministry spokesman Hamid Reza Asefi said Sunday, as he branded Washington immoral and deceitful.
Arab governments, responding to a US campaign for Arab democracy, promised on Sunday to carry out political and social reforms in an oil-rich region which includes some of the world's most repressive rulers.
US and British troops, under scrutiny over the treatment of Iraqi prisoners, will retain immunity from prosecution after the handover of power in the country, British newspapers reported on Sunday.
The government has provided Rs 53 million for provision of gas, water supply and drainage schemes to 12 villages of Dadu and Khairpur Nathan Shah Talukas.
A trade delegation of LCCI, currently on visit to Kenya and South Africa, has signed an MoU with National Chamber of Commerce & Industry, Nairobi, under which the two sides will exchange information about markets, economic and industrial policies, investm
In an enclave dubbed "Widows Colony," 82-year-old Satori Kaur is hoping India's first Sikh prime minister, Manmohan Singh, will help her community still struggling to find its feet after thousands of Sikhs were massacred two decades ago.
The new big bold European Union is one of expanded frontiers - from the northern tip of Finland to Malta, and from Portugal's Atlantic shore to Maria Emmanuel's back fence.
The indigenisation policy followed by the Government of Pakistan has been instrumental in promoting manufacturing activities in the country, followed by technology transfer and investment inflow, boosting the national wealth and employment generation.
"Pakistan appears to be at an important economic turning point and there are good prospects of sharply reversing the poor economic and social performance witnessed for more than a decade.
It is a good news that the Sultan of Brunei has welcomed Finance Minister Shaukat Aziz's proposal that a joint investment company be established in Pakistan with capital investment from both the sides, and the matter is to be discussed by the officials of
Encouraged by its recent successful offloading of shares of Oil and Gas Development Corporation and Sui Southern Gas Company at an attractive premium, the Privatisation Commission of Pakistan has sought the co-operation of the Karachi Stock Exchange to la
Azad Jammu and Kashmir Ehtesab Bureau has arrested five top officials of forest department on the charge of loss of worth millions to state exchequer and violation of International laws in extraction of protected precious medicinal herb from Neelum valley
Speaker National Assembly Chaudhry Amir Hussain has hailed the readmission of Pakistan to the Commonwealth and said decision is the acknowledgement of proper functioning of democratic institutions.
A competition of drawing, Musawwari, would be held among the school children at Ustad Nusrat Fateh Ali Khan Auditorium on Monday, under the arrangement of Faisalabad Arts Council.
The Punjab government has decided to bear expenditures of education up to graduate and post graduate level to the top position holder students which are being monitored and each education board has been directed to prepare lists of students of such catego
Labour department has so far distributed Rs 101.555 million under new Local Government System in city for the welfare and betterment of the labour community, said, Mohammad Aslam Javed District Officer Labour.
China hoped that the new Indian government would push forward the dialogue process with Pakistan for settlement of their bilateral disputes through peaceful means.
A Pakistani company has decided to launch 'Mini Solar Plants' to meet domestic energy requirements of each and every home in far-flung areas of the country, where the electricity had not been provided so far.
Provincial Minister for Special Education, Miss Qudsia Lodhi has said that for the education and rehabilitation of special children the institutions of special education would be set up at each Tehsil headquarter of the province under a phased programme,
British media on Sunday gave prominent coverage to readmission of Pakistan into the Commonwealth and the leading papers have described the decision as its restoration to 'full membership' of the 53-member organisation.
The economic managers of President General Pervez Musharraf and business tycoons have successfully steered Pakistan out of financial crisis with comfortable growth rate of 5.8 percent.
Another five people have been died of heatstroke while 23 fainted in Punjab on Sunday and now death toll rose to 15 as the mercury rose to 47.1 degree Celsius in Multan, 47.3 in Bahawalpur and 47.6 in Dera Ghazi Khan.
President General Pervez Musharraf greeted his Eritrea's counterpart Issaias Afwerki, on the independence day of Republic of Eritrea falling on May 24.
In a simple but impressive ceremony, 36 gold medals were awarded by Tehrik-e-Pakistan Workers' Trust to 36 workers of Pakistan Movement here on Sunday.
The Pakistan Muslim League-Nawaz (PML-N) will observe 'Youm-e-Takbir' with full zeal in the country on May 28 (Friday). This was stated by Sardar Zulfiqar Khan Khosa, provincial head of the party, in a press conference here on Sunday.
Soft opening ceremony of Rebuild Afghanistan industrial exhibition organised by the Rawalpindi Chamber of Commerce and Industry (RCCI) was held on Saturday in a colorful manner.
Patchy trading was marked on the cotton market during the week ended on May 23, 2004, a natural corollary of world rates retreating without any hold, relevant sources said.
Women activists of NGOs have strongly denounced the trends of criminally assaulting women by uniformed personnel and expressed deep concern over continuous women violence in Multan and remote South Punjab areas and the activists demanded for conducting DN
The Asian Development Bank's loan fact-finding mission will visit AJK on Tuesday to prepare the appraisal report for the launching of $80 million multi-sector rehabilitation project.
Provincial Health Minister Naeem Ishtiaq has confirmed death of five persons due to contaminated water released by the irrigation department from Manchar Lake 10 days back.
Nishat Mills Ltd is expected to announce after tax profit of Rs 280 million to Rs 310 million for first half year ended on March 31, 2004, because of higher exports and cut in financing costs.
Nishat Mills Ltd is expected to announce after tax profit of Rs 280 million to Rs 310 million for first half year ended on March 31, 2004, because of higher exports and cut in financing costs.
The Karachi Chamber of Commerce and Industry (KCCI) has suggested that the Customs collector should be given powers to specify legal surcharge to be levied by shipping companies on imports and exports.
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Dr Muhammad Afzal Javed, Consultant Psychiatric, currently working in Nuneaton UK has been elected as Deputy Registrar of Royal College of Psychiatrics UK London.
All Pakistan Minorities Alliance (APMA) Chairman Shahbaz Bhatti has felicitated Dr Manmohan Singh on becoming the Prime Minister of India and hoped that the Congress government will make positive and leading role for the protection of minority rights and
Unisame appreciated on Sunday the role of Smeda and requested the CEO of Smeda to provide the figures of Small Entrepreneurs and Medium Entrepreneurs separately as the participants expressed themselves that the problems of the Small were different and not
Federal Minister for Water and Power Aftab Ahmad Khan Sherpao has said that Munda Dam will enable the province to utilise 70 percent of its water for the uplift of the people.
The Pakistan Agriculture Research Council (Parc) has launched a drought mitigation project in Rod - Kohi with a cost of Rs 2 million in Rod - Kohi areas of the country before the end of current financial year.
Pakistan Overseas Employment Promoter Association (POEPA) urged the government to establish Overseas Employment Promotion Bureau (OEPB) which will help in exploring new labour markets for absorption of Pakistani manpower abroad.
A Sindh government spokesman announced on Saturday night that political parties, including Muttahida Majlis-i-Amal (MMA), were free to hold meetings but only at designated places.