This is for all those who have stuck on the same issue:
Guys sincerely im really upset about the fact that I wasnt able to get any solution for this.
Theres no update/ fix available for this issue.
I have tried installed Visual Studio 2008/2010 all the sql servers since 2005
But i assume that problem exists in the Microsoft ODBC driver manager of windows 7 64-bit,and theres no
way I was able to fix it.
I recommend all users to use a mysql server if your craeting a web application.
Download a server called WAMP 2.0
its working now for me.
heres a tutorial I found:
http://www.youtube.com/watch?v=Q6VZIyYUyQg
i hope this will help the needy.
I would like to ask administrator to consider this post resolved.
Thankx!