The Privatisation Commission is all set to hold an open bidding of Kohinoor Oil Mills Limited (KOML) for 60.5 percent shares on 'as is where is' basis, on May 4.
The CNG Station Owners Association of Pakistan (CSOAP) has been negotiating with six foreign companies to establish CNG kit plants which may cost around $500 million.
The CNG Station Owners Association of Pakistan (CSOAP) has been negotiating with six foreign companies to establish CNG kit plants which may cost around $500 million.
In a detailed judgement announced here on Thursday, the Supreme Court has confirmed the findings of subordinate courts as well as the Sindh High Court ordering the closure of industrial workshops in the vicinity of residential buildings, a school, church
In a detailed judgement announced here on Thursday, the Supreme Court has confirmed the findings of subordinate courts as well as the Sindh High Court ordering the closure of industrial workshops in the vicinity of residential buildings, a school, church
India's core sector grew 7.1 percent in March from an year earlier boosted by strong growth in the refining, electricity and coal sectors, a government statement said on Thursday.
The Federal Reserve on Thursday released its transcripts of the meetings of its policy-setting Federal Open Market Committee held in 1998, 1980 and 1979.
Volkswagen may sell a 10 percent stake worth 1.6 billion euros to Abu Dhabi and gain a second strategic shareholder as Brussels turns up the heat on a law protecting Europe's largest carmaker from take-overs.
Some startling disclosures were made by the Member Sales Tax, Central Board of Revenue (CBR) Shahid Ahmed at the CBR sales tax co-ordination committee meeting on blacklisting, suspension of registration/enrolment of suspected persons and new registration
Stable trend continued in the Interbank Forex Market as both the Pak rupee and the US dollar held their values firm amid balanced demand and supply situation.
Some startling disclosures were made by the Member Sales Tax, Central Board of Revenue (CBR) Shahid Ahmed at the CBR sales tax co-ordination committee meeting on blacklisting, suspension of registration/enrolment of suspected persons and new registration
The Water and Power Development Authority (Wapda) is ready to purchase the quantum of electricity generated by the Alternative Energy Development Board (AEDB) through solar and wind energy.
Soon after the creation of the proposed textile city the government would set up a parallel 'Garment City' for further value addition of its textile products.
A keenly awaited recovery in world advertising spending is now underway after a prolonged slump, as Europe starts to improve having lagged the other main markets, forecaster Zenith Optimedia said on Thursday.
The Securities and Exchange Commission of Pakistan (SEC) has constituted a four-member task force for formulation of rules and regulations for the conduct of Takaful (Islamic mode of insurance) business in Pakistan.
Around 400 anti-monarchy protestors were rounded up in Nepal's capital Thursday, police said, as King Gyanendra met with party leaders amid a crisis over his 2002 sacking of the elected government.
An Afghan province has lifted a ban on women performers on television and radio just days after imposing it, residents said on Thursday, following pressure by reformists in President Hamid Karzai's government.
Sixty years after the founding of the International Monetary Fund and World Bank, the two institutions say they have helped eased poverty and stabilise the world economy, but some critics say they have done more harm than good.
Southeast Asian states Thursday adopted a common strategy to fight deadly epidemics such as Sars and bird flu, which have cost the region hundreds of lives and billions of dollars over the past two years.
Up to 3,000 people were killed or injured when two trains loaded with fuel collided and exploded at a North Korean station on Thursday, hours after leader Kim Jong-il had passed through, South Korea's YTN television said.
Up to 3,000 people were killed or injured when two trains loaded with fuel collided and exploded at a North Korean station on Thursday, hours after leader Kim Jong-il had passed through, South Korea's YTN television said.
President Pervez Musharraf on Thursday urged foreign banks to return billions of dollars, he said, had been stolen by the Islamic republic's former 'corrupt' leaders.
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
President Pervez Musharraf on Thursday urged foreign banks to return billions of dollars, he said, had been stolen by the Islamic republic's former 'corrupt' leaders.
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
Bull snatched the floor from the bears at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid broad-based recovery.
Bull snatched the floor from the bears at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid broad-based recovery.
Brazil's 2003/04 (May-April) cocoa arrivals from Bahia, other states and countries rose 9 percent to 3.6 million 60-kg bags by April 18 from a year ago, Bahia Commercial Association said.
Cuba bought 6,000 tonnes of US durum wheat during the week ended April 15, the first durum sale since reporting began in 1973, the US Agriculture Department said on Thursday.
India's cotton exports, which have surged this year, are likely to taper off and no new sales are expected in the current crop year because of robust domestic demand, traders said on Thursday.
Chicago Board of Trade wheat futures closed sharply lower Wednesday in a fund-led sell-off ignited by forecasts for good rains in the Plains and weakness in all US commodity markets, traders said.
Pakistan and Lao on Thursday agreed to enhance co-operation in economy, trade and business relations besides agreeing to have more high-level ministerial exchanges.
Share prices recovered on the Lahore Stock Exchange (LSE) after suffering heavy battering on Wednesday, as investors showed appetite for fresh buying in selective chips.
Hundreds of Indonesian sugarcane farmers gathered on Thursday to witness 3,450 tonnes of smuggled sugar being burned on an island near the capital city Jakarta on Thursday.
Share prices recovered on the Lahore Stock Exchange (LSE) after suffering heavy battering on Wednesday, as investors showed appetite for fresh buying in selective chips.
Bulls entered the market in vengeance, and index recovered almost all the losses sustained on Wednesday's session as the financial institutions found price levels quite attractive to make capital gains.
The Karachi Port handled 102,033 tonnes of cargo including 75,648 tonnes import and 26,385 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.
Bulls entered the market in vengeance, and index recovered almost all the losses sustained on Wednesday's session as the financial institutions found price levels quite attractive to make capital gains.
The World Bank on Wednesday praised as "outstanding" the economic performance achieved by Pakistan, and was appreciative of exceeding the targets of growth and collection of revenues.
The World Bank on Wednesday praised as "outstanding" the economic performance achieved by Pakistan, and was appreciative of exceeding the targets of growth and collection of revenues.
Commerce Minister Humayun Akhtar Khan has said that the Trade Policy 2004-05 would have a long-term vision with a number of promising incentives for the exporters.
The May vaida opened down at Rs 457.50 and it moved up 90 paisa to Rs 458.40. Later, trading depressed and it lost Rs 1.50 to be the lowest at Rs 456.90 and wound up higher at Rs 457.50.
Commerce Minister Humayun Akhtar Khan has said that the Trade Policy 2004-05 would have a long-term vision with a number of promising incentives for the exporters.
Some movement was marked on the cotton market on Thursday as buyers lifted respectable quantity from both Sindh and Punjab as they found prices quite feasible, sources said.
A US Marine general warned on Thursday that insurgents in Fallujah had only days to turn in their weapons, complaining that what was handed over so far was a load of 'junk'.
A US Marine general warned on Thursday that insurgents in Fallujah had only days to turn in their weapons, complaining that what was handed over so far was a load of 'junk'.
Steady conditions obtained on the Jodia Bazar as most commodities traded there unchanged except some changes in kirana items on Thursday (April 22, 2004).
Three suspected militants were gunned down by Saudi security forces during a gunbattle in the Red Sea city of Jeddah Thursday night, a security man on the scene told AFP.
CSCE cocoa futures in New York finished with modest gains on Wednesday, as follow-through speculative selling gave way to short-covering and industry buying off the lows, traders said.
CSCE coffee futures closed with sharp losses on Wednesday as many players sold their coffee positions a day before first notice day in the May contract, New York coffee brokers said.
A four-member delegation of a leading software company Oracle headed by Regional Director Keith Budge called on President General Pervez Musharraf at Aiwan-e-Sadr here on Thursday.
Australia confirmed on Thursday it has tendered to supply 200,000 tonnes of hard milling wheat to Iraq after sources said US exporters had decided not to tender because of conditions attached to the contract.
Four Pakistani brothers, who had emigrated to Australia, were jailed for between 10 and 22 years on Thursday for the gang rape of two teenaged girls in Sydney.
Soyabean meal shipped to the United States from countries suffering from a fast-spreading crop fungus should not be handled by port facilities that previously carried whole soyabeans, a US industry group has told the Bush administration.
The European Union Parliament has ratified by overwhelming majority Pak-EU co-operation agreement on partnership and development commonly known as the third-generation agreement.
Comex copper futures fell sharply on Wednesday as investment funds and speculators pulled out of copper and other metals when it seemed a strengthening dollar would undermine their holdings, traders said.
The European Union Parliament has ratified by overwhelming majority Pak-EU co-operation agreement on partnership and development commonly known as the third-generation agreement.
Tokyo platinum futures tumbled to a two-week low on Thursday on heavy liquidation by fund operators given the dollar's broad-based upturned amid increasing prospects of an interest rate rise in the United States.
The world's Muslim nations on Thursday urged the United States to drop its support for the latest Israeli peace plan and called for a new UN mandate on Iraq, describing the situation in the Middle East as "alarming".
New York precious metals fell heavily on Wednesday on speculative selling prompted by a rise in the dollar overnight, denting demand for dollar-priced metal overseas, traders and analysts said.
The world's Muslim nations on Thursday urged the United States to drop its support for the latest Israeli peace plan and called for a new UN mandate on Iraq, describing the situation in the Middle East as "alarming".
Gold defied a surging dollar and gained more than $1 an ounce in Asia on Thursday, aided by fresh physical demand as well as a technical correction, dealers said.
The revenue collection target for 2004-05 is likely to be Rs 571.2 billion. This would be Rs 61.2 billion higher than the original target of Rs 510 billion for the fiscal 2003-04.
The revenue collection target for 2004-05 is likely to be Rs 571.2 billion. This would be Rs 61.2 billion higher than the original target of Rs 510 billion for the fiscal 2003-04.
Most Shanghai copper and aluminium fell by the three-percent daily limit shortly after the on Thursday, following sharp falls in the London Metal Exchange (LME) overnight.