The International Monetary Fund on Tuesday offered extra funding to governments which face balance of payments shortfalls due to increased trade liberalisation, hoping to revive stalled farm talks.
Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE), where equities suffered losses under the lead of hot favourite amid decrease in index.
Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE), where equities suffered losses under the lead of hot favourite amid decrease in index.
Bearish trend returned to Lahore Stock Exchange (LSE), where equities finished lower amid ascending transaction volume mainly on account of selling pressure in Sui Southern, Fauji Fertiliser, Bank of Punjab and PTCL.
Bearish trend returned to Lahore Stock Exchange (LSE), where equities finished lower amid ascending transaction volume mainly on account of selling pressure in Sui Southern, Fauji Fertiliser, Bank of Punjab and PTCL.
The share prices underwent overdue technical correction on Tuesday after six days of gains as financial institutions and leading brokerage houses sold their holdings to book available capital gains.
The share prices underwent overdue technical correction on Tuesday after six days of gains as financial institutions and leading brokerage houses sold their holdings to book available capital gains.
The Ministry for Food, Agriculture and Livestock (Minfal) has demanded Rs 2,462 million for Public Sector Development Programme (PSDP) in next federal budget.
Federal Ministry for Finance has withdrawn majority of powers of Managing Director of Industrial Development Bank of Pakistan (IDBP) Naeem Iqbal with immediate effect.
Federal Ministry for Finance has withdrawn majority of powers of Managing Director of Industrial Development Bank of Pakistan (IDBP) Naeem Iqbal with immediate effect.
Foreign Minister Khurshid Mahmud Kasuri on Tuesday said, with a democratic set-up in Pakistan, the European Union has no right to interfere in its internal affairs.
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
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
Convener, Union of Small & Medium Enterprises (Unisame), Zulfikar Thaver has been appointed as Chairman SME Task Force's Working Committee on valuation, monitoring and feedback mechanism.
The Karachi Stock Exchange (KSE) has removed the Islamic Investment Bank Limited from the defaulters counter after it paid a dividend of 5 percent for the year ended December 31, 2003.
Egypt's Sugar and Integrated Industries Company (SIIC) will tender to buy 40,000 tonnes of raw sugar in late April or early May, a senior buying official said on Tuesday.
The Karachi Stock Exchange (KSE) has removed the Islamic Investment Bank Limited from the defaulters counter after it paid a dividend of 5 percent for the year ended December 31, 2003.
Argentine export commitments of 2003/04 corn totalled 3.385 million tonnes by Monday, up from 2.99 million tonnes by March 26, the Agriculture Department said on Tuesday.
Green Coffee Association stocks for March should expand due to a seasonal increase in the amount of shipments from top grower Brazil, analysts said Tuesday.
President Pervez Musharraf on Tuesday rejected a call from within his ruling coalition to stay on as head of the army despite a pledge to step down by the end of the year.
Zambia will produce 1.4 million tonnes of white maize this year, up from 1.2 million tonnes in 2003 according to a preliminary forecast, a government minister said on Tuesday.
President Pervez Musharraf on Tuesday rejected a call from within his ruling coalition to stay on as head of the army despite a pledge to step down by the end of the year.
London feed wheat futures fell on Tuesday in mainly spread-based trade, as a handful of operators continued rolling their positions forward from May and into July, dealers said.
Referring to a news item captioned 'Oil companies defying government procurement policy, published in Business Recorder on April 11, the spokesman of the Ministry of Petroleum and Natural Resources has stated that the news item is not based on fact
Referring to a news item captioned 'Oil companies defying government procurement policy, published in Business Recorder on April 11, the spokesman of the Ministry of Petroleum and Natural Resources has stated that the news item is not based on fact
Grain exports from the French port of Rouen totalled 125,910 tonnes from April 1-7, comprising 110,440 tonnes of wheat and 15,470 tonnes of barley, port officials said on Tuesday.
In a major step to accelerate sales tax registration process, the Central Board of Revenue (CBR) is seriously considering to allocate sales tax registration numbers to the taxpayers directly instead of Collectorate of Sales Tax from July 1, 2004.
In a major step to accelerate sales tax registration process, the Central Board of Revenue (CBR) is seriously considering to allocate sales tax registration numbers to the taxpayers directly instead of Collectorate of Sales Tax from July 1, 2004.
The Karachi Port handled 116,437 tonnes of cargo including 99,593 tonnes import and 16,844 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Nine Iraqis were killed and 38 wounded on Tuesday in sporadic fire between US forces and insurgents in the flashpoint city of Fallujah, hospital sources said.
US FOB Gulf corn and wheat basis offers were mostly steady on Monday with the sell-off in futures for a second straight day doing the work to try to entice more interest from importers, traders said.
Nine Iraqis were killed and 38 wounded on Tuesday in sporadic fire between US forces and insurgents in the flashpoint city of Fallujah, hospital sources said.
The US Agriculture Department's attache in Bangkok released the following report, dated April 7, on the sugar outlook for Thailand. Attache reports are not official USDA data.
Pakistani rice exports were thin during the past week as existing orders were shipped but new demand was limited due to high domestic prices of IRRI-6 variety of rice, traders said on Tuesday.
The May vaida opened unchanged at Rs 453.60 and gained 10 paisa to be quoted highest at Rs 453.70. Later in depressed trading it lost Re 1 to turn lowest at Rs 452.70 and closing was also seen at the same amount.
A couple of deals were finalised on cotton market on Tuesday manifesting that spinners would lift lint matching prices with export parity and quality, relevant sources said.
CSCE cocoa closed at a fresh six-month low on Monday as traders liquidated longs and rolled positions from the nearby May contract a week before its first notice day, traders said.
Oil prices rose on Monday, lifted by worries over US gasoline supplies leading into the summer driving season and strong global demand paced by China's booming economy.
NYMEX crude futures fell in electronic dealings on Tuesday after traders said May Saudi oil supplies to Japan and Korea will increase, and some players locked in profits after gains of more than $3.50 in the last six trading sessions.
The main cocoa harvest has kicked off in Indonesia's main growing belt of Slaws and favourable weather has raised hopes of higher output and better quality, top industry officials said on Tuesday.
Russia has cut its 2004 grain crop forecast to 75 million tonnes from the previous 75-80 million tonnes, Agriculture Minister Alexia Gordeyev said on Tuesday.
Trade of robusta beans in Vietnam was undisrupted by last week's ethnic minority unrest in the country's coffee belt, with prices easing in the past week on ample supply of beans, traders said on Tuesday.
Hanoi has agreed to help fund an entrance fee to enable Vietnam, the world's top grower of black pepper, to join the International Pepper Community (IPC), an industry official said on Tuesday.
CSCE coffee futures closed lower on Monday as speculators and funds liquidated long positions ahead of first notice day, ignoring a price increase by a major roaster, brokers said.
Cash sugar dealings were quiet with premiums steady as players gradually return to their trading desks after the Easter holiday weekend, brokers said Monday.
India, the world's largest edible oil importer, has stopped fresh bookings for Soya oil and slowed palm oil purchases following a build-up of stocks at ports and rising domestic supply, traders said on Tuesday.
Nymex crude futures inched down on light technical selling on Tuesday as profits were locked in from the previous day's jump, while traders and analysts expect only small movements ahead of weekly oil inventory data.
Nymex platinum rose almost 4 percent on Monday, ending two weeks of sideways trade and hitting a new a 24-year high with little resistance, since London physical markets remained closed for the Easter holidays.
Platinum prices eased in Asia trading on Tuesday after sprint when buyers took advantage of thin post-holiday activity, leaving the spot contract softer ahead of trading in Europe.
Malaysia's tin price settled $20 a tonne lower on Tuesday, extending a correction that began last week as the London market closed two straight days for holidays.
India's state-run Hindustan Copper Limited issued global tenders on Tuesday to sell 3,500 tonnes of copper reverts from its Khetri minesin the western state of Rajasthan.
CSCE raw sugar futures finished lower on Monday on speculative sales as players came out of the holiday break liquidating positions in spot May ahead of its expiration by the end of the month, analysts said.
Tokyo platinum futures ran out of steam on Tuesday after meeting heavy profit-taking near session highs as the yen's renewed upward trend gathered momentum and made fund operators nervous about going too long.
China, set to overtake India as the world's top buyer of edible oils this year, is expected to scout for cheaper palm oil from Malaysia and Indonesia as summer approaches, instead of soyaoil from South America, traders said.
Jordan has replaced neighbouring Saudi Arabia as the top market for Australian live sheep after exports to Saudi were banned because of the Cormo Express "ship of shame" incident last year, figures released on Tuesday show.
Soyabean futures at the Chicago Board of Trade closed at a four-week low on Monday, pressured by profit-taking that began last on Thursday when beans ended weaker despite bullish USDA crop data, traders said.
Rough rice futures at the Chicago Board of Trade ended lower on Monday in sympathy with the other CBOT agricultural markets and New York cotton futures, traders said.
Malaysian crude palm oil (CPO) futures rebounded from four-week lows on Tuesday on talk that big buyer China was poised to take more palm oil than soyaoil for its approaching summer.
NYCE cotton futures ended at a fresh eight-month low on Tuesday on speculative and options-related selling, with more volatility seen in fibre contracts ahead of options expiration in the market on Friday, dealers said.
Russia will stop some imports of white sugar from neighbouring Belarus, which it says is refined from raws while purporting to be derived from beet, Agriculture Minister Alexei Gordeyev said on Tuesday.
London cocoa prices closed lower on Tuesday as speculators either got rid of longs or added to their shorts but failed to create any significant crack in the recent support area, which kept recent 29-month continuation lows insulated, dealers said.
The French finance ministry said Tuesday it was just thinking about using some of the country's gold for future investments or to reduce debt after press reports said talks could begin this week with the Bank of France.
London sugar futures closed little changed amid switch trading as the market rolled from the May contract into August and arbitrage between the London and New York markets.
Speculative and origin offers pressured London coffee prices lower on Tuesday, with roaster support moving lower under the impact of a stronger dollar against major currencies, dealers said.
Dollar strength triggered fund selling in the precious metals markets on Tuesday in Europe, with gold shedding just over three percent and silver nearly eight percent to hit joint four-week lows.
Copper held above one-month lows at Tuesday's kerb close on the London Metal Exchange (LME) weighed by long liquidation, with most other metals also softer as investors sat on the sidelines, analysts and traders said.
CSCE cocoa futures settled lower Tuesday but off their session lows as some fund sales, along with continued fund rollover in the May contract, was offset by some manufacturing buying, floor sources said.
CSCE raw sugar futures ended lower Tuesday on speculative fund sales from investors rolling positions out of spot May before it expires by the end of the month, dealers said.