Arabica benchmark coffee futures enjoyed a spurt of heavy fund buying late in the Wednesday session, adding almost 3 percent to yesterday's more than 5 percent gain, traders and analysts said. "There is nobody really selling this market. Origin will not p

Raw sugar futures sprang to a firm close Wednesday as steady trade buying and switch dealings kept the sweetener buoyant, with operators saying the market could edge up in the days ahead, brokers said. The New York Board of Trade's May raw sugar contract

Wheat futures at the Chicago Board of Trade were higher early on Wednesday on another round of fund buying and on gains in soya futures, traders said. Pit sources said the buying by investment funds that began Tuesday continued Wednesday, boosting wheat f

Corn futures at the Chicago Board of Trade continued to rise early Wednesday on follow-through buying by commodity index funds after their buying spree Tuesday, traders said. May corn was up 1-1/2 cents at $2.11 per bushel, with the deferreds 1-1/4 to 2 c

Soyabean futures at the Chicago Board of Trade were higher early Wednesday on follow-through buying from the strong close the day before, traders said. The market was on fire on Tuesday as index commodity funds stepped in to buy CBOT soyabeans along with

US copper futures charged up to fresh one-week highs at the start on Wednesday, driven by gains in London prices after stronger-than-expected Chinese growth implied demand for the red metal would remain high, traders said. At the COMEX division of the New

Gold futures in New York surged to one-month highs early Wednesday, extending a recent currency-based rally, after markets shrugged off data showing higher-than-expected US consumer prices last month. Silver popped to an eight-day peak on gold's strength,

The Treasury: The Treasury is the Government Department centrally concerned with managing the national economy. Under the leadership of the Chancellor of the Exchequer, the Treasury is responsible for setting the overall framework of the Government's econ

The Queen was born in London on 21 April 1926, the first child of The Duke and Duchess of York, subsequently King George VI and Queen Elizabeth. Five weeks later she was christened Elizabeth Alexandra Mary in the chapel at Buckingham Palace. The Princess'

A close relationship exists between Pakistan and the United Kingdom that it is beneficial to both our countries. There has been a healthy growth in bilateral UK/Pakistan trade. In 2004, our bilateral export trade grew by over 17% and UK exports to Pakista

Pakistan Telecom employee union (CBA) has threatened to jam the telecommunication system if their demands were not met forthwith and minimum salary was not fixed at Rs 10,000. Briefing the journalists here on Wednesday Saifuddin, General Secretary of the

Pakistan's High Commissioner to Britain Dr Maleeha Lodhi has urged the West to help Muslim world address poverty and create a more fairer- secure world by giving it access to its markets. "Security cannot be attained when economic and social stagnation an

Pakistan has called upon the international community to fully respect and operationalise the 'right to development' and stressed that the international judicial machinery be empowered to ensure the full compliance with international humanitarian law. Amba

The United States has welcomed the commitments made by Pakistan and India and described these as "tangible breakthroughs." In a comment on the statement issued by President General Pervez Musharraf and Indian Prime Minister Manmohan Singh, a senior State

The management of the Karachi Stock Exchange (KSE) has sent a following signed appeal to the Securities and Exchange Commission of Pakistan (SECP). "Kindly refer to recent exchange of correspondence between KSE and the Commission, on phasing-out of COT wi

The time bound plan for phasing out of 29 scrips of the COT market has been followed by the Karachi Stock Exchange and 22 scrips have already been phased out so far. However, phasing out of the remaining 7 mega scrips will come in the following weeks and

When Ahmed Saeed took over from Sher Afghan as MD of PIA, a lot of hopes were raised. Fond memories of Rafique Saigol, a private enterpreneur,who turned around PIA were rekindled. Saigol replaced Air Marshal Zafar Chaudhry. PIA was in those days one of th

In the early part of year 2004 the country's two apex Regulators, State Bank Of Pakistan, for the banking sector, and Securities and Exchange Commission of Pakistan, for the corporate and capital market sector, decided and announced that the then prevaili

Men like Iqbal are born but in centuries. Indeed, Iqbal was the foremost Muslim philosopher of the twentieth century. Amir Shakib Arsalan went a step further: he felt that the world of Islam had not thrown up a thinker of his caliber during the last few c

Bewildering, if not ridiculous, will certainly appear to be the decision of the Central Board of Revenue, to suspend temporarily, implementation of SRO 315(I)/2005, which it had deemed expedient to issue only two days earlier, and to invite, instead, the

During the last few years, Pakistan was successful in implementing a number of reforms on various fronts to stabilise and strengthen the economy. These reforms were generally agreed before-hand and carried out under the tutelage of the IMF and the country

Pearl Continental Hotel, Lahore, in collaboration with 'Umeed-e-Noor,' would organise a fundraising Fashion Show of Mehmood Bhatti's latest wardrobe on April 23 at its lawns, and the show was dedicated to the noble cause of fundraising for special childre

Minister Health Punjab, Dr Tahir Ali Javed, has directed the field staff to implement the policies of health department in letter and spirit and make the campaigns against communicable and non-communicable diseases a great success. He, however, warned the

Eid-e-Milad-un-Nabi (PBUH) will be celebrated with religious fervor in Sialkot, Pasrur, Sambrial and Daska tehsils of Sialkot district The daylong programmes would be started with special prayers for the unity, prosperity and solidarity of the coun

President Lahore Chamber of Commerce and Industry (LCCI) Mian Misbahur Rehman has said that the proposed solid waste management plant near Sunder Industrial Estate would not only effect the natural landscape but also create noise pollution apart from hitt

Pakistan Industrial and Traders Associations Front (Piaf) has welcomed the initiation of performance award by the Lahore Chamber of Commerce and Industry (LCCI). Piaf Chairman, Muhammad Ali Mian, in a statement issued here on Wednesday said that the award

Chairman Wapda Tariq Hameed has said that Wapda in addition to its chartered duties will continue to work for the promotion of sports and similar other activities. He was addressing a ceremony held in honour of Wapda cricket team that bagged Patron's Cup

Punjab government is redrawing "Punjab irrigated agriculture development sector project" to tackle sources of groundwater in many areas in the province, which plays a critical role in irrigated agriculture. According to official sources, on-farm water man

Lahore Electric Supply Company (Lesco) is struggling hard to make the new connection procedure simple and speedy so as to extend the electricity supply to maximum consumers. In the current fiscal year, Lesco has provided 102023 new connections out of whic

The British High Commission has made adequate arrangements to accommodate visa seekers of Pakistan and Azad Jamu and Kashmir, said Alex Pond, Director visa, British High Commission. In an informal chat with a group of reporters during her visit to Sialkot

The Standing Committee of Lahore Chamber of Commerce and Industry (LCCI) on Customs, Valuation and Import has proposed that a 'customs bonded warehouse' should be set up at Wagah border to facilitate the business community in trade with India. The committ

The offices and ultra trading system of Lahore Stock Exchange (LSE) will remain closed on Friday (April 22) on account of Eid Milad-un-Nabi (SAW), a notice issued by the management of the exchange on Wednesday said.

The weather report on Wednesday (April 20) and the forecast for Thursday (April 21, 2005).

Paper plays a vital role in any economy but unfortunately Pakistani paper industry is far behind in latest techniques of paper manufacturing. These views were expressed by the speakers at a seminar on 'Paper Industry in Pakistan' organised by Kaybee Indus

Wednesday's closing prices of New York cotton in US cents/lb.

The District Council Lahore in its meeting held on Wednesday unanimously approved code of conduct for kite flying, which envisages six-month imprisonment and Rs 5000 fine on violation of the code of conduct. District Nazim Lahore, Mian Amer Mahmood presen

Wednesday's closing prices of New York cotton in US cents/lb.

Anti Terrorism Court Multan headed by Zahoor-ul-Haq has ordered on Wednesday to release former Punjab minister and provincial vice president of PML-N Hafiz Iqbal Khakwani because police have declared him an innocent in its inquiry report into the triple m

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).

The Punjab Small Industries Corporation (PSIC) and Export Processing Zones Authority (Epza) are developing an export processing zone jointly in Gujranwala with the cost of Rs 118 million. Official sources told Business Recorder here on Wednesday th

LME official prices on Tuesday.

The feasibility study of Rs 11.30 billion Sehwan Barrage Complex project has been completed and detailed engineering and designing work is in progress. Sources told the dam will be constructed on river Indus and completed within seven years.

LME official prices on Tuesday.

A leader of Pakistan Muslim League, Sardar Farooq Ahmed Khan Leghari had a meeting with Sindh Chief Minister Dr Arbab Ghulam Rahim here on Wednesday. According to official sources they talked on national issues, political conditions in Sindh and dissemina

Closing of sterling rates at 1730 GMT - on Wednesday (April 20, 2005).

The National Clearing Company of Pakistan Limited (NCCPL) has set up a module covering margin financing to meet the growing demand following reforms laid down by the Securities & Exchange Commission of Pakistan, 'live' from Monday, April 18, 2005. The NCC

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Ship agents associations have condemned the arrest of Captain Tariq Masood and Sajjad Ahmed of NYK Lines in Pakistan on a complaint by a textile exporter of Faisalabad, and have appealed to the Minister of Ports and Shipping to intervene and get release o

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 20, 2005).

Sindh Governor Dr Ishratul Ibad Khan has said that the first draft of the provincial budget for 2005-06 has been completed and is ready for review to ensure that all needs of the province have been taken care of. He was talking to Business Recorder </i