Anil Ambani, one of India's most powerful businessmen, will contest a seat in the country's upper house of parliament later this month, a statement from his office said on Wednesday.
Britain torpedoed Belgian Prime Minister Guy Verhofstadt's bid for the European Commission presidency on Wednesday, plunging the search for a new head of the EU executive into disarray on the eve of a crucial summit.
A Chinese general denounced an idea that Taiwan's military could threaten China's Three Gorges dam and said on Wednesday that any strike on the world's biggest hydropower project would lead to war.
Ukraine will forge ahead next year with the decommissioning of a critical part of its nuclear arsenal despite being denied promised financial aid from the United States, Russian ITAR-TASS news agency quoted a senior Ukrainian official as saying on Wednesd
Pope John Paul II called for an end to the arms trade and for its profits to be used instead to aid developing countries at his weekly general audience in Saint Peter's Square on Wednesday.
Suspected leftist rebels killed 34 peasants in a jungle hamlet in Colombia on Tuesday, in the worst massacre since law-and-order President Alvaro Uribe took office nearly two years ago, officials said.
Scientists in Austria and the United States say they have "teleported" the properties of one atom to another, an achievement that brings closer the dream of super-fast quantum computers.
Buoyed by the dropping of a bribery case against him, Israel's Ariel Sharon is preparing to invite the opposition Labour Party into his government to pursue his Gaza withdrawal plan, political sources said on Wednesday.
Hundreds of villagers protested Wednesday against the first day of building work on Israel's West Bank barrier around the major settlement of Ariel, vowing to fight tooth and nail against the destruction of their land.
A South Korean government plan to relocate the country's capital came under attack Wednesday with the Seoul city mayor calling for a national referendum on the project.
Ten more deaths were reported Wednesday in Nepal's Maoist insurgency as talks broke down to end a rebel strike at schools that has kept 7.5 million students out of class for 10 days, officials said.
An explosion in a coal mine in north-western China has killed 15 people and left seven missing, the state-run Xinhua news agency reported on Wednesday.
At least 20 people were killed and about 100 injured on Wednesday when a passenger train plunged off a bridge in western India after hitting a boulder on the tracks, railways minister Lalu Prasad Yadav said.
Saudi Arabia will not give in to al Qaeda's demands to free jailed militants to secure the release of an American the group kidnapped last week, Saudi official sources said on Wednesday.
Long neglected as the poor cousin of Asian powerhouse China, India should now be drawn into a strategic partnership with the 25-nation European Union, the bloc's executive Commission said on Wednesday.
Jordan sentenced an Iraqi Kurd suspected by Washington of links to al Qaeda to 15 years in prison on Wednesday after finding him guilty of helping to plan attacks on US targets in the kingdom.
Judges at the war crimes trial of former Yugoslav leader Slobodan Milosevic have rejected a motion to drop genocide charges against him, in a decision published Wednesday.
Four Afghans died in a bomb attack on Wednesday apparently targeting Nato peacekeepers, officials said, a day after President George W. Bush held up Afghanistan as a role model for Iraq.
Ireland launched its biggest-ever literary shindig on Wednesday, as thousands gathered on Dublin's streets for the centenary of "Bloomsday" - the day immortalised by James Joyce in his epic novel "Ulysses".
Ninety percent of Muslim woman have suffered form of racist abuse or violence in Australia since the September 11 attacks in the United States, a new report revealed here Wednesday.
Iran is holding "a few" al Qaeda members whom it will not extradite to the United States, a member of Iran's Supreme National Security Council said in Vienna on Wednesday.
Iran threatened on Wednesday to resume uranium enrichment, a process that could be used to make atomic bombs, if the UN nuclear agency passed a toughly-worded resolution rebuking Tehran for poor co-operation.
Al-Jazeera satellite channel on Wednesday aired a videotape purportedly showing armed al Qaeda fighters during a military exercise and attacking a position in Afghanistan.
Investigators have found no evidence Iraq aided al Qaeda attempts to strike the United States, a commission investigating the September 11, 2001, attacks said on Wednesday in a report that undermines Bush administration arguments for war.
Sterling rose on Wednesday against the euro and was flat against the dollar after data showed wage growth picking up, reinforcing expectations of British interest rate hikes.
The dollar retraced Tuesday's sharp losses against the euro and gained one percent against the Swiss franc on Wednesday as markets took a calmer view of recent dovish Federal Reserve comments and US inflation.
US blue chip stocks edged lower on Wednesday, while the tech-driven Nasdaq rose slightly as investors' concerns about attacks on Iraq's oil pipelines offset economic reports that reinforced the view the economy is stronger.
New issues stole the show in the European corporate bond market on Wednesday as Air Liquide saw good demand for a one billion euro deal despite pricing described as aggressive, and Telecom Italia prepared a sterling bond.
New issues stole the show in the European corporate bond market on Wednesday as Air Liquide saw good demand for a one billion euro deal despite pricing described as aggressive, and Telecom Italia prepared a sterling bond.
Britain's FTSE-100 ended higher on Wednesday as investors piled into telecoms group BT, pushing the stock past key chart resistance, and as a cheery broker note drove up grocery chain Morrison.
EU environment experts failed to muster enough support on Wednesday to approve a genetically modified rapeseed, officials said, despite the recent end of an informal biotech ban that had irked the EU's top trade partners.
Liffe coffee futures closed lower on Wednesday on speculative profit taking and origin selling, dealers said, but many participants held back to see if New York extended Tuesday's losses.
Spanish grain prices fell further on Wednesday with consumers shrugging off concerns over dry French weather and focusing instead on expectations of a plentiful local harvest.
The Iraqi Grain Board is planning to launch a buy tender for 100,000 tonnes of hard wheat next month, the body's Chairman Mohommad Nezer said on Wednesday.
Base metals remained mixed during Wednesday London Metal Exchange (LME) open-outcry trading, with the market seeking clear direction after this week's sharp fluctuations, traders said.
Gold fell more than one percent in Europe on Wednesday as the market moved in step with a pressured euro, hit by stronger-than-expected US industrial production numbers that underpinned bullish expectations for economic growth.
Corn futures at the Chicago Board of Trade were slightly firmer on Wednesday on a mild recovery after dipping to a three-week low on Tuesday, traders said.
Chicago Board of Trade soyabean futures were mixed early on Wednesday with old-crop July lower and new-crop November higher on a correction in the July/November spread which had firmed during the past week, traders said.
Two Nigerian were taken into custody by the Federal Investigation Agency (Immigration cell) on the charge of visiting Pakistan on fake documents, and not getting themselves registered with the police department. However, another slipped away to Islamabad.
Chief Executive of Hyderabad Electric Supply Company (Hesco) Adeebul Hassan Rizvi has asked the defaulters to pay their dues by 20 June 2004 otherwise their power supply will be disconnected from June 21.
As many as 14 prisoners called off their hunger strike on Wednesday, while remaining 48 prisoners are still on hunger strike in New Central Jail, Multan, since June 6 and their strike entered the 11th day.
The ticklish issue of property tax, that had been lingering on for the last one year, has been resolved by lowering categories of city's different localities.
Federal Minister for Petroleum and Natural Resources Chaudhry Nouraiz Shakoor Khan has said that long-term energy co-operation would translate into a substantive confidence-building measures in South Asia and bring enormous benefits to its people who dese
Balochistan Minister for Finance, Syed Ehsan Shah will present the provincial budget for the financial year 2004-05 during the Provincial Assembly session on June 23 at 5 pm.
Sialkot police have set up 15 check-posts in Sialkot, Pasrur and Daska tehsils for checking the activities of suspected persons while police have been directed to keep an eye on anti-social and anti-state elements in the district, said District Police Off
Please refer to the letter published in the Business Recorder on 7th June 2004 written by Mohammad Iqbal, which is fully correct especially about improper accounting in the Habib Bank Ltd.
General Pervez Musharraf's article "Enlightened Moderation" was published on June 2, 2004. Every thoughtful Pakistani while agreeing with General Musharraf, with the present pathetic state of the Muslim Ummah, would like to ask him to about his own countr
In the streets of Damascus, it is not rare to come across a Chevrolet or Buick from the 1950s, complete with chrome and gleaming tail fins - and it's not because the country is full of vintage car buffs.
Opening the 180-nation 11th UN Conference on Trade and Development Summit in Sao Paulo (Brazil), on June 14, UN Secretary General Kofi Annan urged the poor nations to keep mounting pressure on wealthy countries for access to their farm to markets and to m
The stock market crash on Monday the 14th of June saw Rs 44 billion wiped off market capitalisation, as investors demonstrated their resentment against the Capital Value Tax announced by the Finance Minister in his budget speech.
The Lahore High Court (LHC) has called for a report from Chief Secretary Punjab and Inspector General of Police (IGP) Punjab within a fortnight in a petition filed by President Gujrat Bar Association challenging the posting of Raja Munawar as District Pol
Problems confronted to the newly established University of Gujrat (UoG) would be resolved on priority basis so that people of the area could get higher education.
All Pakistan Trade Unions Federation (APTUF) has demanded of the government to safeguard the interests of workers of printing units of Eastern Lahore and also take steps to stop their retrenchment.
'Crafts Village' of an international standard would be established in the provincial metropolis, where craft-persons from all over Punjab could market their products.
President Hyderabad Chamber of Commerce and Industry (HCCI) Emad Siddiqui has said that the budget for the year 2004-05 has marked the shift in fiscal policies towards growth in agricultural and industrial sectors.
National Investment Trust (NIT) has once again outperformed its benchmark of KSE-100 by a healthy margin of 6.3 percent during the period July 1, 2003 to June 11, 2004 where its net average value (NAV) increased by 64.5 percent against 58.2 percent last y
National Investment Trust (NIT) has once again outperformed its benchmark of KSE-100 by a healthy margin of 6.3 percent during the period July 1, 2003 to June 11, 2004 where its net average value (NAV) increased by 64.5 percent against 58.2 percent last y
Huge potential exists for export of precious stones and jewellery from Pakistan, as jewellery manufactured locally is no lesser than international quality with regard to design.
New industrial policy of the province would be industrialist and workers-friendly while working-relationship between the industrialists and the workers would further be cemented under the policy.
An accountability court on Wednesday issued notices to the family members of PML-N Acting President, Javed Hashmi MNA and one Ghulam Yasin in a reference against Hashmi.
The stock brokers and members of the Lahore Stock Exchange (LSE) in a meeting on Wednesday discussed alternative proposals of the capital value tax (CVT), including raising withholding tax from 5 percent to 10 percent and curtailing CVT from 0.1 percent t
The trend of drug use in Pakistan has changed and chronic heroin addicts are shifting on synthetic derivatives of opiates mainly on account of low cost and high degree of addiction.
Punjab University Vice Chancellor, Arshad Mahmood on Wednesday distributed cash prizes among the students of BS (Hons), MS and EMS class of the University Hailey College of Banking and Finance who won top three positions in essay contest titled 'Banking s
Computer Vendors Association (CVA) has demanded of the government to withdraw 5 percent duty imposed on the import of computers in federal budget 2004-05.
Experts on income tax, sales tax, customs and central excise duty (CED) matters would be available from 9:00 am to 5.00 pm on-line at the Help-line Centre of Central Board of Revenue (CBR).
Chief Justice Nazim Hussain Siddiqui had decided to carry the tradition set by one of his predecessors, Chief Justice Ajmal Mian to keep on working for at least half of the three months' summer vacations and has nominated benches and dispersed those to va
State Bank Governor Dr Ishrat Hussain has said that non-performing loans of the central bank had reduced drastically after achieving autonomous status in 1997.
The Consul General of France, Jean Yves Berthault, said here on Wednesday that there is a greater possibility of exporting gems and precious and semi-precious stones from Pakistan to France
The Pakistan Council for Scientific and Industrial Research (PCSIR) has developed various techniques for ripening and drying of dates at commercial and industrial scales.
JCR-VIS Credit Rating Co has reaffirmed the medium to long-term rating of Habib Bank AG Zurich Pakistan branches at 'AA+' (Double A Plus) with 'stable' outlook. Short-term rating has been reaffirmed at 'A 1+' (A One Plus).
JCR-VIS Credit Rating Co has reaffirmed the medium to long-term rating of Habib Bank AG Zurich Pakistan branches at 'AA+' (Double A Plus) with 'stable' outlook. Short-term rating has been reaffirmed at 'A 1+' (A One Plus).
Some groups of sea lords snatched fishing nets and fish stock from poor fishermen by introducing themselves as officers of Sindh Fisheries Department, Sindh Fisheries sources said here on Wednesday.
Pakistan State Oil (PSO) has introduced state-of-the-art Gas Leakage Detection System at its CNG stations to ensure safety and health of its customers.
The Pakistan Steel has achieved one of the most dramatic turnaround in the corporate history of the country by accruing a record turnover of Rs 45 billion, sales of Rs 24.67 billion, and a profit of over Rs 6 billion during the outgoing fiscal.
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).
A Fokker aircraft of Pakistan International Airlines (PIA) was "slightly damaged", which after normal landing at Chitral airport on Wednesday encountered some technical snag due to which it could not be stopped on the runway and overshoot into the overrun
The NWFP government on Wednesday formally approved the establishment of Journalists Welfare Foundation. A committee was also constituted to work out procedure, structure and other details of the foundation. The committee has been tasked to prepare its rep
