Pakistan's aviation policy is based on reciprocity which ensures equal opportunity for all carriers, said Director General Civil Aviation Authority (CAA) Air Marshal Pervez Akhtar Nawaz (Retd).
The Export Promotion Bureau (EPB) has prepared a draft of the Export Market Development Fund (EMDF) Act to regulate measures designed to boost the country's exports.
The Export Promotion Bureau (EPB) has prepared a draft of the Export Market Development Fund (EMDF) Act to regulate measures designed to boost the country's exports.
The economic recovery in Southeast Asia is expected to gather momentum with broad-based growth of nearly six percent likely this year, the region's finance ministers said on Wednesday.
The government is likely to announce an incentive package in the budget for the year 2004-05 for the development of indigenous formulation and manufacturing of pesticides in a bid to enhance agricultural productivity.
Revised master plan of Gwadar presented to Balochistan Chief Minister Jam Yousuf here predicts that it would be developed not only into international sea port but also into an international city Singapore, Hong Kong and Dubai.
South Korea's economy appears to be on a faster track than expected because the rising global economy bought more of its goods and helped big foreign companies pledge more investment, government data showed on Wednesday.
A suspected top Taleban commander has been arrested in an affluent Kabul neighbourhood by Afghan police and international peacekeepers, a senior official told AFP Wednesday.
Iran is to begin work in June on constructing a heavy water reactor which could eventually be used as part of a fuel cycle to produce bomb-grade plutonium, diplomats said in Vienna Wednesday.
A Japanese court ruled on Wednesday that Prime Minister Junichiro Koizumi had violated the constitution by visiting a shrine honouring Japan's military war dead, a landmark ruling on his annual pilgrimages that have angered China and other Asian neighbour
The Arab League on Wednesday urged the United Nations to intervene immediately to stop the fighting that has raged between US-led coalition troops and Iraqis in many cities over the past four days.
Nato Secretary General Jaap de Hoop Scheffer urged Russia to set aside concerns about the US-led alliance's expansion and concentrate on fighting global threats in an interview published Wednesday.
Bangladesh said on Wednesday it would extend for two years Irish company Tullow Oil Plc's production sharing contract for exploring natural gas in the country.
President Pervez Musharraf complained on Wednesday that the war in Iraq was drawing resources from the battle against al Qaeda leaders and their supporters hiding in Pakistan and Afghanistan.
President Pervez Musharraf complained on Wednesday that the war in Iraq was drawing resources from the battle against al Qaeda leaders and their supporters hiding in Pakistan and Afghanistan.
Equities scored handsome gains under the lead of hot favourites at the Islamabad Stock Exchange (ISE) on Wednesday where bulls continued to stay in the driving seat amid increase in index.
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Equities scored handsome gains under the lead of hot favourites at the Islamabad Stock Exchange (ISE) on Wednesday where bulls continued to stay in the driving seat amid increase in index.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Share values extended the overnight gains on Lahore Stock Exchange on Wednesday as investors went for buying in their favourite scrips wholeheartedly, but last-minute pressure forced the index to end with a clamped gain.
Share values extended the overnight gains on Lahore Stock Exchange on Wednesday as investors went for buying in their favourite scrips wholeheartedly, but last-minute pressure forced the index to end with a clamped gain.
The stock market for the third consecutive session on Wednesday showed appreciation and entered the 5300 points zone and volume recorded was third highest in the history of Karachi Stock Exchange.
The Karachi Port handled 82,818 tonnes of cargo including 73,504 tonnes import and 9,314 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.
The stock market for the third consecutive session on Wednesday showed appreciation and entered the 5300 points zone and volume recorded was third highest in the history of Karachi Stock Exchange.
Foreign traders said they had signed two contracts with Vietnam in the past week for a combined volume of 20,000 tonnes of rice for unspecified destinations in Africa, suggesting Vietnam's tight supplies may have eased.
Several companies have shown interest in buying 51 percent stake in Saadi Cement Ltd to help the company to run commercially, said sources close to capital market.
Top-priced Sri Lankan teas fell at the latest auction on Wednesday while those at the bottom end of the market firmed, leaving the sales average unchanged in a market brokers said was unaffected by last week's election.
Several companies have shown interest in buying 51 percent stake in Saadi Cement Ltd to help the company to run commercially, said sources close to capital market.
Pakistan's palm oil market was stable on Wednesday against the previous week as importers placed buying orders for the month ahead, and dealers said the market had room for more imports.
Several companies have shown interest in buying 51 percent stake in Saadi Cement Ltd to help the company to run commercially, said sources close to capital market.
Egypt's state Holding Company for Food Industries (HCFI) said on Wednesday it had bought 15,000 tonnes of palm oil and 7,500 tonnes of palm stearin from trading house Willmar for arrival in May.
The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) to select 5 percent income tax returns of non-corporate sector and 20 percent of the corporate sector for audit of the tax year 2003.
Indonesian state trading firm PT Rajawali Nusantara Indonesia (RNI) is to hold a tender on Wednesday at 0600 GMT to buy 35,000 tonnes of white sugar for April delivery, an official said.
The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) to select 5 percent income tax returns of non-corporate sector and 20 percent of the corporate sector for audit of the tax year 2003.
Amid opposition boycott and chanting of 'no, no', and 'shame, shame', the National Assembly on Wednesday passed the National Security Council Bill, 2004.
Iberian wheat prices were firm this week on worries about dwindling stocks but barley was pushed down by cheap French supply in a market slowing ahead of Easter holidays, dealers said.
Amid opposition boycott and chanting of 'no, no', and 'shame, shame', the National Assembly on Wednesday passed the National Security Council Bill, 2004.
Late speculative buying led by FIMAT Futures purchase of 700 lots of May boosted Chicago Board of Trade wheat futures to a higher close on Tuesday, traders said.
US troops, battling to crush a deadly two-pronged insurgency and stop Iraq sliding into chaos, bombed a mosque in the hotspot city of Fallujah on Wednesday, killing up to 40 Sunnis hiding inside.
The May vaida opened down 90 paisa to Rs 452, and highest was seen Rs 1.20 up at Rs 453.20. Later in depressed conditions it lost and was quoted lowest at Rs 451.20 and closing was marked at Rs 452.40.
US troops, battling to crush a deadly two-pronged insurgency and stop Iraq sliding into chaos, bombed a mosque in the hotspot city of Fallujah on Wednesday, killing up to 40 Sunnis hiding inside.
The trading on cotton market during normal working hours was nil as the world prices were persistently showing softening trend, relevant market sources said on Wednesday.
German central bank president Ernst Welteke on Wednesday has stepped aside until an affair over an all-expenses-paid stay in a luxury hotel can be resolved, the bank's board announced.
The Supreme Court on Wednesday dismissed the two petitions of PML-N leader Shahbaz Sharif, seeking permission to return home, with the observation that he "may come back from abroad, subject to the law of the country".
Cocoa futures in New York finished with slight losses on Tuesday, rebounding off their session lows on local short-covering and industry buying, traders said.
The Supreme Court on Wednesday dismissed the two petitions of PML-N leader Shahbaz Sharif, seeking permission to return home, with the observation that he "may come back from abroad, subject to the law of the country".
CSCE coffee futures finished with healthy gains on Tuesday, after hanging in negative territory for much of the session, but traders said funds came in and grabbed coffee at the lows for a late rally.
Shanghai copper closed down on Wednesday, defying an overnight rise on the London Metal Exchange (LME), as prices came under pressure from increased copper stocks due to arrive later this month, traders said.
The government has formed Pakistan Textile City Limited (PTCL) and got it listed with Securities and Exchange Commission of Pakistan (SECP) as a limited company to make its textile cities plan a reality before the end of the current fiscal year.
Comex copper prices rose moderately on Tuesday, boosted by trade buying, short-covering by small speculators after hefty losses in the prior session, and a firmer euro, traders said.
The government has formed Pakistan Textile City Limited (PTCL) and got it listed with Securities and Exchange Commission of Pakistan (SECP) as a limited company to make its textile cities plan a reality before the end of the current fiscal year.
Tokyo platinum futures rebounded on Wednesday as the yen's dip against the dollar this week drew buyers to the yen-based precious metal, while palladium surged to its highest level since November 2002.
Comex gold bounced from two-week lows to end higher on Tuesday, helped by a weaker dollar and Asian physical buying, and by traders' reluctance to keep selling the safe-haven metal before on Friday's market holiday.
Palladium rose close to an 18-month high in Asia on Wednesday, spurred by hopes new technology will boost its usage but concerns about oversupply remain.
Oil prices drifted sideways on Wednesday ahead of an expected build in US crude and gasoline stocks that could soothe summer supply concerns for the world's biggest energy consumer.
A survey of international and Australian cotton spinning mills showed that fibre quality of Australian cotton needed to improve to meet international requirements, leading industry bodies said on Wednesday.
Australian wheat exports for 2004 had been boosted by near-record sales to Egypt, a longstanding customer and one of the biggest wheat importers in the world, AWB Ltd said on Wednesday.
CSCE raw sugar futures closed firmer on Tuesday on modest buying by speculative funds and switch activity as investors rolled positions out of the May contract and into later months, brokers said.
India, despite reaping a bumper grains crop, is unlikely to resume exports soon in the absence of a government policy enabling private players to begin wheat and rice sales, traders said on Wednesday.
Soyabean futures at the Chicago Board of Trade closed lower on Tuesday as speculators continued to take profits after on Monday's key technical reversal, traders said.
The use of cocoa as measured through bean grindings should have risen by up to seven percent in the first quarter of 2004, mainly due to its low level in the first three months of 2003 and more capacity, traders and analysts said on Wednesday.
Malaysian crude palm oil futures ended higher on Wednesday, with dealers blaming erratic soyabean and bean oil prices for the lack of market direction.
London coffee prices ended up to $3 a tonne higher on Wednesday, although the absence of firm origin and speculative pressure left prices in a tight range, dealers said.
Cheers that greeted Iraq's first independent attempt in years to buy about $150 million worth of wheat for making bread are turning to disappointment over payment terms, US exporters and analysts said.
Oil prices raced nearly four percent higher on Wednesday as a fall in US crude and gasoline inventories re-ignited summer supply concerns in the world's biggest energy consumer.
Strong trade and speculative buying interest and a firmer New York market helped London sugar futures score hefty gains on Wednesday after a day that the prices make a clean break from recent territory, dealers said.