China, keen to relieve upward pressure on the yuan, said on Monday it would ease capital restrictions further to help domestic firms invest more abroad.
UBL Drive, the Car financing scheme launched by United Bank Limited has proven itself as a world class launch when it delivered within 48 hours of its launch to an applicant his brand new Honda City.
The head of the US Justice Department anti-trust division praised his European Commission counterparts on Monday - but not their approach to the Microsoft Corp case.
Malaysia's industrial output grew 14.0 percent in the year through April due to increased activity in the manufacturing, mining and electricity sectors, the Statistics Department said on Monday.
Russia has lifted a ban on meat imports from the European Union until October 1, setting a new deadline for the 25-nation bloc to reach agreement with Moscow on food safety certificates.
A group of advisers to the European Commission has proposed in a controversial vote that the EU executive accepts a hotly-disputed standard on financial instruments that has been criticised by European banks.
Chief executives across the United States expect the Federal Reserve's anticipated increase of benchmark rates this year to have little impact on them and see solid profitability and hiring ahead, according to a survey released Monday.
Bangladesh will aim for economic growth of at least six percent in the year through June 2005 as it seeks to reduce poverty, Finance Minister M. Saifur Rahman said on Monday, ahead of the annual budget due this week.
Taiwan is prepared take back nearly 12,000 tonnes of toxic industrial waste exported to Malaysia after the environmental authorities found the import license for the shipment was bogus, an official said Monday.
Germany's generic drug-makers make attractive acquisition targets for global players and analysts say now may be the right time to get a foothold in a sector expected to have a bright future.
McDonald's Corp on Monday said worldwide May sales at hamburger restaurants open more than a year rose 7.4 percent, but US growth slowed from recent months on tougher sales comparisons.
McDonald's Corp on Monday said worldwide May sales at hamburger restaurants open more than a year rose 7.4 percent, but US growth slowed from recent months on tougher sales comparisons.
US auto giant General Motors announced an ambitious expansion drive in China Monday, investing more than three billion dollars over the next three years and doubling capacity as it strives to close the gap on market leader Volkswagen.
US auto giant General Motors announced an ambitious expansion drive in China Monday, investing more than three billion dollars over the next three years and doubling capacity as it strives to close the gap on market leader Volkswagen.
South Korea's government, concerned the battle for mobile phone subscribers was disrupting Asia's fourth-largest mobile market, imposed a cooling-off period on the three main competitors on Monday.
Africa's biggest mobile phone operator Vodacom said on Monday it had secured the continent's first third generation (3G) licence and would focus on growing data services as part of its key growth strategy.
Africa's biggest mobile phone operator Vodacom said on Monday it had secured the continent's first third generation (3G) licence and would focus on growing data services as part of its key growth strategy.
The International Monetary Fund (IMF) could raise its forecast for world economic growth despite the high price of oil, its chief economist said in an interview to be published on Tuesday.
Malaysian crude palm oil futures was down on Monday after a mixed performance in Chicago soya but the benchmark contract closed off its lows on late covering, dealers said.
Thai stocks closed slightly lower in thin trade on Monday amid worries a government decision to cut a petrol price subsidy would further pressure an economy that has grown slower than expected this year.
The Indian rupee rose to a one-month closing high on Monday with sentiment bolstered by the greenback's overseas weakness and a recent pick-up in foreign fund investments.
Tokyo's Nikkei average posted its biggest percentage gain this year to its highest close in a month on Monday as a rebound on Wall Street and increased confidence in Japan's economic recovery encouraged buying.
Malaysian shares closed at its highest in nearly a month on Monday, in line with regional markets as world oil prices slipped further and eased concerns about the health of the global economy.
Singapore shares ended 1.5 percent up at a one-month closing high on Monday, led by gains in tech firms such as Chartered Semiconductor and the blue chip stock Singapore Airlines
China's shares closed down on Monday as investors sold two listed brokerages after an official newspaper reported regulators were probing illegal asset management products by a raft of securities houses.
Sri Lankan stocks edged higher on Monday on retail buying in small counters but most blue chips were lacklustre, with institutional investors worried over the economy and a lack of progress in the island's peace process.
South Korean shares ended 3.7 percent higher on Monday, as a dip in oil prices and robust US jobs data sparked a buying spree in large cap shares such as market leader Samsung Electronics Co Ltd.
The Swiss franc was trading at four month highs against the dollar in early trade on Monday as the US currency came under pressure amid dealers' convictions that the Federal Reserve will only raise rates modestly.
Leading Hong Kong stocks surged on Monday with blue chips and China plays rising across the board after a strong US jobs report and on signs of easing global oil prices.
Taiwan stocks ended 3.7 percent higher on Monday, as easing oil prices as well as gains in US and tech-heavy Asian markets convinced investors to hasten a rebound from a two-week closing low hit last week.
Philippine stocks led by telecom leader PLDT closed lower on Monday due to political uncertainty and worries over law and order following an attack on a building in Manila's financial district by suspected communist rebels.
Jakarta stocks finished higher on Monday on a technical rebound and positive sentiment from a slightly stronger rupiah currency. Gains in some key regional bourses and a lower oil price also helped.
Japanese government bond (JGB) yields surged on Monday, with the yield on 20-year bonds touching a 28-month high, on speculation about higher US interest rates after strong US jobs data.
Japanese government bond (JGB) yields surged on Monday, with the yield on 20-year bonds touching a 28-month high, on speculation about higher US interest rates after strong US jobs data.
The Australian government faced accusations Monday of trying to buy votes for the upcoming election as it unveiled plans for a 12.7 billion Australian dollar (nine billion US dollars) upgrade of run-down road and rail networks.
Thailand's economy grew a slower-than-expected 0.8 percent in the first quarter, held back by rising global oil prices, a bird flu epidemic and unrest in the country's Muslim south, a state-run agency said on Monday.
The Lahore High Court (LHC) could not proceed with the 'objection case' filed by President Lawyer's Forum (PLF) challenging the election of General Pervez Musharraf as President of Pakistan.
The City District Government, Karachi (CDGK), has constituted an evaluation committee for pre-qualification of consultants to examine the technical feasibility of 'Rail Based Mass Transit' project for Corridor-I.
The Pakistan International Airlines (PIA) is making record investment to revamp its fleet. The national flag carrier is out of deficit and has earned a profit of Rs 3.5 billion during the current fiscal.
Authorities have charged four officials of water and health for providing contaminated water that caused the deaths of 38 people, mostly children, Sindh Health Minister Naeem Ishtiaq said on Monday.
Water and Power Development Authority (Wapda) has decided to accept the bid of a joint venture led by a Chinese Company, China International Water and Electric Corporation (CWE), for construction of Mangla Dam raising works being the lowest bidder amongst
Canada will spend 95 million Canadian dollars over a five year period for primary and middle level education in Pakistan. The amount spent will be part of the loan for education swap announced by Canada after 9/11.
By-elections on four seats in three union councils of Karachi on Monday held under strict supervision of army sending a wave of satisfaction to Muttahida Majlis-i-Amal (MMA) which had alleged rigging in May 12 bye-polls of the national and provincial asse
Different civic agencies including Wapda, PTCL, Wasa and City District Government Lahore (CDGK) have failed to restore normalcy in various parts of Lahore which were badly hit by a storm followed by heavy rains on Sunday night causing loss of over 10 prec
Still recovering from the modalities of the circumstances leading eventually to the spin off of PPTA, ICI Pakistan had a reasonably successful year in 2003.
Pakistan Wapda Employees Pegham Union has demanded of the government to take strict action against those Wapda officers who supported the Pakistan Wapda Hydro Electric Central Labour Union in the referendum.
Still recovering from the modalities of the circumstances leading eventually to the spin off of PPTA, ICI Pakistan had a reasonably successful year in 2003.
Federal Minister for Petroleum and Natural Resources Chaudhry Nouraiz Shakoor Khan has said that the government was according top priority to the speedy development of the petroleum sector on modern lines and concrete steps were being taken to double the
The rupee maintained its weekend's rising trend versus the dollar in the open market on Monday, gaining five paisa for buying and selling at Rs 58.25 and Rs 58.35, respectively.
The rupee maintained its weekend's rising trend versus the dollar in the open market on Monday, gaining five paisa for buying and selling at Rs 58.25 and Rs 58.35, respectively.
India's Gems & Jewellery Export Promotion Council Chairman Sanjay A. Kothari has said India is ready to provide all technical assistance for promotion of the gems and jewellery sector in Pakistan.
The government has decided to introduce tractor financing on the line of car financing, under which the credit system would be simplified and farmers could avail tractor loans at nominal mark-up rates.
Chairman Senate, Mohammedmian Soomro has said that vast potential exists in the country for attracting tourists and hoped that foreign airlines/tourism operators would benefit from the available potential.
The Pakistan Steel Mill (PSM), country's largest engineering concern, having annual production of 1.1 million tonnes will earn record profit of Rs 5 billion this year, following unprecedented sales of Rs 25 billion, and plans to increase its annual produc
Federal Religious Affairs Minister Ijazul Haq met Imam and Khateeb Haram Sharif Makkah, Sheikh Mohammad ibn Abdullah Al Subayyal and conveyed him good wishes of President General Pervez Musharraf, Prime Minister Mir Zafarullah Khan Jamali and the people o
Federal Minister for Food, Agriculture and Livestock, Yar Mohammad Rind on Monday said that 100 percent water courses would be brick lined at an estimated cost of Rs 66 billion during next four years.
The Director General Environmental Protection Agency (EPA) Sindh, Mohammad Younus Dagha in exercise of powers conferred on him, under Section 6, Sub-Section (1) of Pakistan Environmental Protection Act 1997, has issued "Guidelines for Hospital Waste Manag
Washington has promoted active participation of its traditional allies in the anti-terror war to strengthen its military mechanism strategy in the region.
Punjab minister for industries, commerce and investment Mohammad Ajmal Cheema has said that the role of public institutions would be reduced so that industrialists and investors can continue business in a healthy atmosphere free from pressure and red tapi
The Islamabad Traffic Police has installed Light Emitting Device (LED) system at seven different points of the capital to ensure the clear visibility of signals from a distance.
Sialkot district government is spending Rs 870 million on establishing an engineering college in Sialkot, and initial work on this mega project has already been started, said Sialkot district Nazim Naeem Javed.
Pakistan National Accreditation Council (PNAC) has so far conducted 237 seminars and courses all over the country to create awareness on importance of quality standards.
Vice Chancellor of Liaquat University of Medical and Health Sciences (LUMHS) Jamshoro Professor Dr Jan Mohammed Memon has announced the establishment of a centre for Routine Bacterial and Chemical Analysis of Food and Fruits in LUMHS.
While children are dying from poisoned water in Hyderabad and Latifabad, people in many parts of Karachi may die of thirst as there is no water in many localities.
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Site Association of Industry has proposed that income tax exemption limit should be increased from Rs 80,000 to Rs 120,000 per annum and this exemption should apply to all assessees ie individuals and corporate, and the maximum rate of income should not e
Majyd Aziz, a former chairman of Site Association of Industry, who represented Karachi Chamber of Commerce and Industry (KCCI) at the Asia Invest Forum 2004 in Colombo, was nominated as chairman of the Working Session on 'Trading in the Future: The Impact