The most-traded April copper contract on the Shanghai Futures Exchange ended unchanged at 41,320 yuan ($6,619) a tonne on Tuesday. "I am a bit surprised that copper didn't weaken more given the trade numbers we got over the weekend. It really shows that t

Copper fell on Tuesday as worries over China's economic growth and the outlook for demand resurfaced, though losses were limited by supply disruptions. China's annual consumer inflation hit a five-year low in January, underscoring persistent economic weak

Benchmark Tokyo rubber futures ended down 1 percent on Tuesday as weaker oil prices prompted some profit-taking following a 2.5 percent jump a day earlier. Tokyo Commodity Exchange (TOCOM) futures on Monday got support from strong oil prices and rose to n

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

US corn and soyabean futures edged higher on Monday, lifted by investor short-covering and position-squaring ahead of the monthly US Department of Agriculture supply and demand report due on Tuesday. The USDA said earlier that top soyabean importer China

Malaysian palm oil futures ended lower on Tuesday, giving up gains in the earlier session as traders fretted about poor appetite for the tropical oil, although tighter stocks in the world's No 2 grower curbed losses. Despite the weak ringgit, which has ma

Raw sugar futures on ICE steadied on Tuesday on spread trading ahead of the March contract's expiry, while New York arabica coffee and cocoa eased under pressure from a stronger dollar. ICE March raw sugar futures traded down 0.01 cent, or 0.1 percent, at

Gold edged up from the previous session's three-week low on Monday, as European equities were hurt by soft Chinese trade data and worries about Greece. Spot gold gained 0.7 percent to $1,241.43 an ounce by 2:46 pm EST (1946 GMT). The metal on Friday poste

Gold extended gains to a second straight session on Tuesday as worries over Greece's future in the eurozone and a decline in global equities supported the safe-haven metal. Spot gold rose 0.3 percent to $1,243.05 an ounce by 0733 GMT, after gaining 0.5 pe

Gold dipped on Tuesday as an uptick in the dollar offset the supportive impact of concerns over Greece's future in the euro zone and fears over escalating violence in Ukraine, which hurt risk appetite. A 0.2 percent rise in the dollar against its currency

Egypt, the world's largest wheat importer, is considering building an 8 million tonne grain silo, and Russian companies could take part, Russian Agriculture Minister Nikolai Fyodorov said. Egypt and Russia have long discussed co-operating over the constru

US corn, soyabeans and wheat fell as much as 1 percent on Tuesday as investors adjusted positions ahead of US government crop estimates, due at midday, that should confirm ample global grain supply. Agricultural futures at the Chicago Board of Trade also

Gold prices eased early on Tuesday as a rise in the dollar offset the supportive impact of concerns over Greece's future in the euro zone and fears over escalating violence in Ukraine, which hurt risk appetite. A 0.2 percent rise in the dollar against its

Crude oil prices fell for the first time in four sessions on Tuesday after the International Energy Agency (IEA) warned that ample supplies will raise global inventories before investment cuts begin to significantly dent production. Oil stockpiles in memb

Provincial Minister for Women Development Hameeda Waheed-ud-Din, Home Minister Colonel Shuja Khanzada (Retd) and Minister for Population Welfare Zakia Shahnawaz have said that government is taking all possible steps for protection of women against violenc

Federal Minister for Water and Power Khawaja Muhammad Asif said that the government has planned to induct about 10,000 MW of electricity from coal and gas sources in another three years. He said that the government is particularly focusing on addition of

The Punjab government has decided to constitute four teams at Lahore, Multan, Rawalpindi and Faisalabad regions for recruitments of specialist doctors on vacant posts. Principal of medical college will be head of the team whereas professors of concerned d

Being part of the global healthcare corporation of Abbott Laboratories, Chicago, USA, the company maintains presence in over 130 countries world-wide. It started operating as a marketing affiliate in 1948. The company runs two manufacturing facilities, on

Being part of the global healthcare corporation of Abbott Laboratories, Chicago, USA, the company maintains presence in over 130 countries world-wide. It started operating as a marketing affiliate in 1948. The company runs two manufacturing facilities, on

The Lahore High Court here on Tuesday summoned Old Anarkali SHO and Evacuee Trust Property Board (ETPB) administrator on February 13 in person after the board expressed its inability to have any force or mechanism to get its property evacuated from illega

The business community on Tuesday categorically rejected the "diversion" of Pak-China Economic Corridor (PCEC), demanding the implementation of the original plan of the corridor.

Public Accounts Committee (PAC) on Tuesday was informed that Oil & Gas Development Company Limited (OGDCL) disposed of 325 expensive vehicles on throwaway prices to its employees. The committee headed by Syed Khurshid Shah took up a question moved by the

Government of Pakistan has changed its costly oil imports pattern as a southward spiral in international crude oil prices has significantly changed the behaviour of local consumers like any other oil-importing country of the world. "Our pattern has change

Chairman Senate Standing Committee on Water and Power Zahid Khan expressed anger against the Minister of State for Water and Power, Abid Sher Ali on Tuesday for arriving late to the meeting. As the committee proceedings began Chairman Zahid Khan took on A

Two persons were killed here on Tuesday. According to police and rescue sources, Hanif, 35, son of Muhammad Siddiq, was shot and killed by unidentified men in Gulshan-e-Iqbal. In another incident, Tassaduq, 55, son of Rehmat Ali, was gunned down by uniden

In protest against the improper attitude of metropolis traffic police, the Karachi Transport Ittehad (KTI) on Tuesday announced to observe wheel jam strike on February 21. In a statement issued here on Tuesday, KTI president Irshad Bukhari said that unlaw

About fifty-six posts of doctors, general & specialists' cadre are lying vacant in Lyari General Hospital (LGH) Karachi and administration of institution has been facing hardships in smoothly running of the hospital, catering healthcare services to people

The K-Electric has 'quietly' stopped discharging five percent interest rate per annum over the amount collected from the consumers on account of security deposit, it emerged on Tuesday. Sources said that the power utility had been adjusting 5 percent inte

Economic activity in the manufacturing sector expanded in January 2015 almost at the same pace as that of November 2014 and MCB Purchasing Managers Index (PMI) for January 2015 remained almost unchanged at 65.39 compared to 65.65 in November 2014.

Allied Bank Limited (ABL) Tuesday declared that its profit-after-tax (PAT) for 2014 increased by three percent to Rs 15.01 billion, year-on-year (YoY). The bank's earning per share is Rs 13.11, in line with the market expectation of Rs 13.18. Also, the ba

Allied Bank Limited (ABL) Tuesday declared that its profit-after-tax (PAT) for 2014 increased by three percent to Rs 15.01 billion, year-on-year (YoY). The bank's earning per share is Rs 13.11, in line with the market expectation of Rs 13.18. Also, the ba

Punjab Chief Minister Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of mother of Anjum Chaudhary, President Pakistan Muslim League-N Youth Wing. In a condolence message, the CM prayed that may Allah Almighty rest the departed

On the directives of Chief Executive PESCO Syed Hassan Fazil drive against illegal use of electricity and recovery of dues has been accelerated throughout Khyber Pakhtunkhwa. CEO Pesco has directed the concerned officials to speed up the drive against ill

The Election Commission of Pakistan is as independent and powerful as the Election Commission of India, but lacks the capacity to enforce, and the credibility of Election Commission is critical for democratic continuity, said experts at a roundtable held

Speakers stress upon the role of research-based evidence to action beyond 2015 in order to build better policies and practices related to maternal and newborn health in Pakistan. Research and Advocacy Fund for Maternal and Newborn Health (RAF) organised a

The Federal Board of Revenue (FBR) will propose maximum tax incentives to encourage investment in new industries to be established in Federally Administered Tribal Areas (FATA) while presenting the next Finance Bill. Sources told Business Recorder

Qatar International Sailing Regatta "Sail the Gulf 2015" held at Doha, Qatar concluded on winning laurels for Pakistan, says a press release issued here on Tuesday. A total of eight races were conducted in the Sailing Regatta with participation of teams f

Chief of Air Staff (CAS), Pakistan Air Force (PAF) Air Chief Marshal, Tahir Rafique Butt Tuesday said that PAF was operationally ready to take on whatever challenge comes its way and the ongoing operation 'Zarb e Azb' was the live example of its operation

Director, Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI), Zia-ul-Haq Sarhadi has revealed that Afghan President Ashraf Ghani expressed concern over non-implementation of the announcements for enhancement of the volume of Pakistani tr

British permanent Secretary of Department for International Development (DFID) Mark Lowcock called on Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan on Tuesday. He discussed matters with the Governor of mutual interests with special reference to the

National Accountability Bureau (NAB) Khyber Pakhtunkhwa Tuesday arrested Abdul Sattar Khan, ex-Post Master, Sardheri Bazar Post Office Charsadda for alleged embezzlement of government funds and caused millions of rupees loss to public exchequer. Further i

The Supreme Court on Tuesday rejected pleas for bail before arrest filed by five officials of Punjab Highways Department allegedly involved in embezzlement of Rs 560 million. Following the rejection of their bail by the apex court, Anti-Corruption Establi

A constitutional petition has been filed in Islamabad High Court (IHC) on Tuesday, seeking cancellation of Houbara Bustard (migratory birds) hunting permits issued for 2015. The petition was filed by a resident of Islamabad Waheed Mehmood Khan through his

The Sindh High Court on Tuesday sought reports from the Sindh chief secretary, the director of Pakistan Standards and Quality Control Authority (PSQCA), the health secretary, the food secretary and other officials on a petition against sale of substandard

President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Mian Adrees has said that textile industry is the most important manufacturing sector of Pakistan and has the longest production chain, with inherent potential for value-addition

Lamudi, a leading real-estate network, has received 16 million Euros (USD 18 million) in funds from Asia Pacific Internet Group, Holtzbrinck Ventures and Tengelmann Ventures to boost its operations. This was stated by Lamudi.pk's Country Director, Saad Ar

A raiding team of FIA following a raid here at Urdu Bazaar seized huge quantity of government owned drugs stolen from different hospitals and arrested one person. Details reveal that regional director FIA Dr Usman Anwar, following information formed a rai

The Sindh High Court (SDC) on Tuesday once again directed the Sindh chief secretary to file a comprehensive and detailed report on a petition seeking rehabilitation of the families displaced by the 2010 floods. The petitioner, Flood Relief Camp Committee,

The Senate Standing Committee on Federal Education and Professional Training (EPT) has directed the Higher Education Commission (HEC) to carry out the special audit of Sindh University (SU) to find out the reasons and expose main culprit, who are beyond U

A high-level delegation of Ajman Free Zone, UAE would visit Karachi from 17th to 20th February to share the business opportunities with Pakistani investors. Pakistani companies are already taking full advantage of business potential in Middle East region

The Sindh Assembly session on Tuesday was adjourned after proceedings for less than one minute due to what the Speaker ruled 'lack' of quorum but the Muttaheda Qaumi Movement (MQM) termed the adjournment as 'violation' of rules. Speaker Aga Siraj Khan Dur

Pakistan Telecommunication Company Limited (PTCL), the largest ICT services provider in Pakistan, on Tuesday announced its annual results for the year 2014, riding on the back of its growing fixed and wireless broadband business. Of the total 2014 revenue

Pakistan Telecommunication Company Limited (PTCL), the largest ICT services provider in Pakistan, on Tuesday announced its annual results for the year 2014, riding on the back of its growing fixed and wireless broadband business. Of the total 2014 revenue

Two leading businessmen group namely Unaided Business Group (UBG) led by S. M. Muneer and Iftikar Ali Malik and Businessmen Group (BMG) led by Siraj Kassim Teli have joined hand to make joint efforts for resolving issues faced buy business community, acce

As many as three dacoits were killed in an alleged police encounter here on Tuesday. According to reports, acting on a tip-off received regarding the presence of bandits, police carried out search operation in the area of Hala Naka. The dacoits opened fir

The Government of Japan extended a grant of US 72,532 dollars (approximately Rs 7.3 million) to Hamdard Foundation for the "Project for Expanding and Strengthening Hamdard Free Mobile Dispensaries" under its Grant Assistance for Grassroots Human Security

The UAE-based airlines are going to resume their Peshawar operations from February 17, 2015. According to details, UAE-based airlines - Etihad and Emirates, which had a daily flight to Peshawar, had announced to suspend its operations on December 17, 2015

Minister for Planning and Development Ahsan Iqbal has said that anti-Pakistan forces have started a propaganda campaign to make Pakistan-China Economic Corridor (PCEC) projects controversial. The minister said this while addressing a news conference along

Due to electricity maintenance/development work power supply of the following feeders would remain suspended according to the following schedule: On February 11, 10:00am to 03:00pm, from I-8 Grid G.O.R feeder, 10:00am to 02:00pm, from University Grid Ango

Forest owners belonging from various areas of the Khyber Pakhtunkhwa demanded the provincial government to lift ban on transportation of marked dry and fallen woods, stocked at open locations in forest covered region, and said the restriction was causing

Skill and knowledge are the driving forces of economic growth and social development of any country. They have become even more important given the increasing pace of globalisation and technological advancement that is taking place in the world, said Mian

Pakistan Yarn Merchants Association (PYMA) has stressed the need for maintaining appropriate balance in cotton yarn prices across the country vis-à-vis prices of cotton yarn imported from India by imposition of 15 percent regulatory duty.

Leading Chinese Company Sinohydro showed it's interest in setting up a project of power generation through use of LNG. A delegation of Sinohydro called on Punjab Chief Minister Muhammad Shahbaz Shari, here on Tuesday and expressed interest in setting up p

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded immediate restoration of gas supply to textile industry in order to save this precious foreign exchange earning sector from collapse. Expressing resentment over gas suspension t

A delegation of Chinese company Metallurgical Corporation of China (MCC) working on exploration and certification of mineral resources project at Chiniot-Rajwa met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Tuesday during which matters regardi

S M Tanveer Chairman APTMA said on Tuesday that the Punjab-based textile industry has once again been exposed to gas supply suspension for indefinite period by the SNGPL, which is deplorable. He said Prime Minister Nawaz Sharif had given special direction

The government should take cognizance of the "gas crisis of textile industry" and take immediate steps to endure the industry and focus should also be on the value addition as the textile sector needed to enhance quality and production capabilities.

Aik Hunar Aik Nagar (AHAN) in collaboration with Fata Development Authority (FDA) has launched the second phase of its Training of Trainers (TOT) project aimed at capacity building of Master trainers of FDA. "The six months long project will provide oppor

KP Chief Minister Pervez Khattak and Speaker, Khyber Pakhtunkhwa Assembly Asad Qaiser paid a visit to the Police Assistance Lines (PAL) Nowshera and Dispute Resolution Council as well. The Inspector General of Police (IGP) Khyber Pakhtunkhwa, Nasir Khan D

The Securities and Exchange Commission of Pakistan (SECP) has allowed Mughal Steel to issue 27.35 million shares to the general public and thereby become a listed company at the stock exchanges. The book building is scheduled on February 16.

Punjab Assembly here on Tuesday passed a unanimous resolution condemning publication of blasphemy caricatures of the Holly Prophet (PBUH) recently in a France journal. The house also passed a resolution on sad demise of King Abdullah of Saudi Arabia. Legi

Public Accounts Committee (PAC) of Khyber Pakhtunkhwa Assembly while taking stern notice of the unavailability of the record of medicines worth Rs 479000 for Mufti Mehmood Memorial Hospital during financial year 2007-08 has directed the recovery of the am

The Federal Board of Revenue (FBR) has directed all Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to submit revised "Withholding Tax Performance Report" of income tax and sales tax, ensuring category-wise reporting of collection by the field

Amir Jamiat Ulema-e-Islam (F) Maulana Fazl-ur-Rehman met Punjab Chief Minister Muhammad Shahbaz Sharif at Islamabad on Tuesday. Matters of mutual interest and situation of country were discussed during the meeting.

The Federal Board of Revenue (FBR) will issue a Statutory Regulatory Order (SRO) to increase withholding tax rate from 10 to 15 percent for non-filer service providers and enhance withholding tax rates by 1.5 percent for all types of non-filer importers.

Finance Minister Mohammad Ishaq Dar Tuesday said the resolution of Kashmir dispute in line with the Kashmiris' right to self-determination was directly related to Pak-India ties normalisation process and for regional peace.

The Ministry of Petroleum and Natural Resources has proposed to the government to allow Pakistan State Oil (PSO) negotiate the prices of Liquefied Natural Gas (LNG) with potential LNG suppliers and producers, it is learnt.

Textile industry stakeholders are not optimistic about the textile policy (2014-19) export target of $26 billion. Talking to Business Recorder, the private sector stakeholders said the government has failed to ensure uninterrupted supply of utiliti

The Supreme Court on Tuesday sought reply from the National Accountability Bureau (NAB) regarding a mega scam of 530 Acres land allotment on the seashore of Karachi, as the Transparency International (TI) claimed involvement of some prominent business mag

Muttahida Qaumi Movement (MQM) and Pakistan Peoples Party (PPP) have reached an agreement over the formation of a coalition government in Sindh and seat adjustment in the upcoming Senate polls, according to a statement issued on the MQM's official website

Paramilitary forces on Tuesday killed 15 separatist insurgents and lost one of their own men during a gun battle in a remote area, officials said. The clash took place at Basima, some 240 kilometres (150 miles) south-west of Quetta. "At least 15 miscreant

Poultry Industry on Tuesday called for a tax-free import of poultry machinery and loans on same lines as announced for textile machinery. Pakistan Poultry Association (PPA) former Chairman Abdul Basit said, Pakistan's poultry sector had the potential to g

The federal government intends to borrow a huge amount of Rs 1.2 trillion from domestic banking system during three months (February-April) of current fiscal year 2014-15 to meet the fiscal deficit. Although, foreign inflows have increased during this fis

According to television reports, the entire top brass of Pakistan State Oil (PSO) has been suspended over the petrol crisis in the country a few weeks ago. It is, however, not known whether the prime minister has called for an independent inquiry into the

What do a nuclear scientist, a young mother of seven, a church employee and a former military factory boss have in common? They've all been charged with high treason, espionage or disclosing state secrets in newly spy-phobic Russia. With ex-KGB President

When Red Cross pickups crawl through the streets of the Guinean town of Lola in search of Ebola victims, crowds of women gather to shoo the medical workers away, young boys throw stones and angry men reach for their machetes. In the country where West Afr

A long-cherished vision of linking Pakistan and China across the length and breath of both countries is shaping up into a reality. In the 60s and 70s, Khashgar was linked with Rawalpindi by the Karakoram Highway, which did achieve a bit of trading activit

A press report points out the US and its Nato allies have shifted their focus from Afghanistan to the so-called Islamic State. Nato ministers recently met in Brussels to discuss their strategy for 2015, ignoring Afghanistan altogether. And in his request

The Economic Co-ordination Committee of the cabinet, the highest economic decision-making body in the country, under the chairmanship of the Federal Finance Minister Ishaq Dar approved the textile policy as well as a regulatory duty on non-essentials and

The combined opposition in National Assembly on Tuesday boycotted proceedings in protest against the Economic Co-ordination Committee (ECC) of the Cabinet decision of imposing taxes on more than 285 items without the approval of Parliament. Led by leader

The combined opposition in National Assembly on Tuesday boycotted proceedings in protest against the Economic Co-ordination Committee (ECC) of the Cabinet decision of imposing taxes on more than 285 items without the approval of Parliament. Led by leader

The combined opposition in National Assembly on Tuesday boycotted proceedings in protest against the Economic Co-ordination Committee (ECC) of the Cabinet decision of imposing taxes on more than 285 items without the approval of Parliament. Led by leader

Prime Minister Muhammad Nawaz Sharif on Tuesday said that the government had prioritised provision of electricity to the people at affordable rates and steps were being taken to minimise load-shedding in least possible time. He was chairing 8th meeting of

Prime Minister Muhammad Nawaz Sharif on Tuesday said that the government had prioritised provision of electricity to the people at affordable rates and steps were being taken to minimise load-shedding in least possible time. He was chairing 8th meeting of

Prime Minister Muhammad Nawaz Sharif on Tuesday said that the government had prioritised provision of electricity to the people at affordable rates and steps were being taken to minimise load-shedding in least possible time. He was chairing 8th meeting of

The world''s top 20 economies on Tuesday expressed determination to raise global growth but struggled to overcome divisions over the most suitable methods and how best to overcome the Greek debt crisis. G20 finance ministers and central bank chiefs meetin

The world's top 20 economies on Tuesday expressed determination to raise global growth but struggled to overcome divisions over the most suitable methods and how best to overcome the Greek debt crisis. G20 finance ministers and central bank chiefs meeting

The world's top 20 economies on Tuesday expressed determination to raise global growth but struggled to overcome divisions over the most suitable methods and how best to overcome the Greek debt crisis. G20 finance ministers and central bank chiefs meeting

Chinese Foreign Minister Wang Yi will embark on a two-day official visit from tomorrow (Thursday) to hold bilateral talks with Pakistani leadership focusing on political, strategic and economic co-operation. According to Foreign Office spokesperson Tasnim