Liquefied natural gas (LNG) producers, including Qatar, Oman and Indonesia, plan to hold co-operation talks, Indonesia Mines and Energy Minister Purnomo Yusgiantoro said on Monday.
Incentives package offered by the government to farming community would play a vital role in the sustainable development of the agriculture sector in the country.
Former Chairman, Pakistan Tanners Association (PTA) and Ex-VP, Millat Party, Gulzar Firoz, welcoming the budget has termed it as "Relief Package Budget".
The Chairman Pakistan Sugar Mills Association (PSMA), Iskandar Khan has termed the budget 2004-05 as growth orientated and business-friendly, with a hope that it would yield the desired results.
The textile and leather exporters have hailed the new budget as business-friendly and investment-oriented and welcomed the drastic cut in the cost of doing business in the country.
The Pakistan Bedwear Exporters Association (PBEA) has strongly criticised the sales tax exemption on ginned cotton in the new budget, and said it would totally derail the logic of implementation of the sales tax as a future tax.
Punjab Chief Minister Chaudhry Pervaiz Elahi called on Punjab Governor Lieutenant General Khalid Maqbool (Retd) at the Governor's House here on Monday.
Muhammad Pervaiz Malik MNA and leader PML-N said on Monday that hard hit by price hike, unemployment and poverty, the people were pinning hope on the budget for alleviation of their hardships, but they were disappointed by the cosmetic relief measures ann
Prices of the locally-assembled cars in the black market have come down considerably after the announcement of budget, which is expected to come to zero in coming days provided there is no change in the policy on the subject, dealers in local car markets
At last, Rs 1 billion Japan-funded project for improvement/construction of solid waste management station in Capital will be executed with an initial allocation of over Rs 250 million in the Federal Budget 2004-05.
Office-bearers of associations of different markets in the provincial metropolis have congratulated newly elected office bearers of Pakistan Industrial and Traders Associations Front (Piaf).
A 46-member delegation of Pakistan Chemicals & Dyes Merchants Association (PCDMA), led by its Chairman Abdul Rahim Chughtai, will leave for India on Tuesday.
Funded by Churches of Netherlands, the Institute for Health, Development and Community Sciences (HIDCS) in collaboration with Punjab AIDS Control Programme has launched first AIDS Information Help line (111-909-111).
Punjab University's Centre for Clinical Psychology arranged a certificate distribution ceremony of its Living Institute for Special Learners here on Monday.
The new budget has won well-deserved praise for being business and investor friendly. In fact, the government's pro-business policies have already helped the large scale manufacturing sector to show an unprecedented 17.1 percent growth, which in turn has
The performance of the Large Taxpayer Unit (LTU) in Karachi, as could be noted from the statement of its Director General, Shahid Jamal, is highly encouraging in the context of the process of taxation reforms.
Levy and collection of taxes are the sole prerogative of a sovereign State. Parliament can introduce any change in tax laws by using its wide powers in this regard by either amending a particular tax statute or providing the same in a Finance Bill.
Levy and collection of taxes are the sole prerogative of a sovereign State. Parliament can introduce any change in tax laws by using its wide powers in this regard by either amending a particular tax statute or providing the same in a Finance Bill.
Police on night patrol in the dimly-lit streets of Kirkuk poke assault rifles out of their vehicle, alert for trouble in Iraq's most ethnically mixed city.
President General Pervez Musharraf on Monday telephoned Federal Minister for Water & Power Aftab Ahmed Khan Sherpao and expressed condolence over death of his brother.
Machinery and plant modernisation and new investment in industry shall stand discouraged after new budgetary measure of discontinuing in-bond importation facility for export-oriented units.
Minister for Information Technology Awais Ahmed Khan Leghari on Monday said reduction in cell phone activation charges from Rs 2000 to Rs 1000 would enhance tele-density and boost the sector.
Oil prices fell a dollar on Monday as rising fuel supplies in the United States soothed fears of a summer gasoline crunch and countered concern over violence in Middle East producers Iraq and Saudi Arabia.
NYBOT cotton futures prices settled lower Monday on switch-linked sales, with more rollover activity expected as players look toward first notice day next week, brokers said.
Base metals fluctuated in their current price ranges on the London Metal Exchange (LME) on Monday, although ring pricing against the June 'third Wednesday' was largely routine, traders said.
Britain's FTSE-100 index closed 1.1 percent lower on Monday with banks leading the way after comment from brokers, while the overall mood was subdued by jitters over US interest rates and violence in Iraq.
European corporate bonds slumbered through Monday as a lack of company news left investors and traders uninspired, with some seeing little impetus for moves ahead of a US rate decision at the end of the month.
European corporate bonds slumbered through Monday as a lack of company news left investors and traders uninspired, with some seeing little impetus for moves ahead of a US rate decision at the end of the month.
US stocks fell Monday, as investors worried that a key report on consumer prices due Tuesday could spur the Federal Reserve to take a more aggressive interest rate position to restrain inflation.
The dollar hit a three-week high on the euro on Monday, before profit-taking set in, and the yen tumbled as a Federal Reserve official's comments bolstered the view that US interest rates could rise sharply this year.
Sterling hit its lowest level in almost three weeks versus the dollar on Monday, pressured by the greenback's broad rally and jitters over British politics after the ruling Labour Party suffered at the polls.
Iran is not fully co-operating with UN inspectors and must come clean about the full extent of its nuclear programme, the head of the International Atomic Energy Agency (IAEA) and the United States said on Monday.
The US-led coalition in Afghanistan is making constant changes to its detention system, following reports of grave abuses of prisoners here and in Iraq, US military spokesman Lieutenant Colonel Tucker Mansager said Monday.
The South and North Korean navies established radio contact for the first time Monday in a major step towards easing tension on the Cold War's last frontier, officials said.
Hazardous material experts were called to UN headquarters on Monday after a suspicious powder was discovered on the 27th floor, but there was no evacuation and no cause for alarm, security staff said.
Europe's leaders face a tough task in agreeing a first EU constitution this week after European Parliament elections marred by mass abstentions and domestic protest votes.
France unveiled plans on Monday to fund development of a new unmanned reconnaissance plane, signalling its desire to lead a European push into the types of drone aircraft that played a key role during the war in Iraq.
Ousted dictator Saddam Hussein must be freed or charged before the handover of power to Iraq's interim government on June 30, the International Committee of the Red Cross (ICRC) said on Monday.
The British military is to court martial four soldiers for allegedly beating and sexually abusing prisoners in Iraq, Attorney General Peter Goldsmith said in a statement Monday.
Prime Minister Ariel Sharon survived a no-confidence vote over his Gaza pullout plan in Israel's parliament on Monday after receiving a boost from reports that he would avoid charges in a bribery scandal.
Seventeen people were killed and another 15 were injured when a coach ran off a bridge in north-east China's Liaoning province, state media reported Monday.
A landmine planted by suspected Maoist rebels in Nepal killed 21 policemen and injured 16 others Monday as a top guerrilla rejected calls by the prime minister to reopen peace talks.
Local authorities have established a commission to investigate the shocking killing of 11 Chinese road workers in north-eastern Afghanistan, a provincial governor said Monday.
The death toll from the consumption of a consignment of adulterated alcohol bought on the black market in the southern Iranian city of Shiraz has risen to 19, a provincial justice official said Monday.
In a rare election-year political truce, US President George W. Bush on Monday warmly paid tribute to Bill Clinton and even plugged his forthcoming memoirs at his formal White House portrait unveiling.
Entrepreneur Richard Branson sped across the English Channel in a James-Bond style amphibious car in under two hours to set a new world record on Monday.
Tony Blair will try to convince worried Labour Party members on Monday he is the best man to lead them into the next British election after suffering historic losses in European and local polls.
Iraq's new government has been resisting US demands that thousands of US civilian contractors be granted immunity from Iraqi law in the same way as US military forces are currently immune, the Washington Post reported Monday, citing Iraqi sources.
A third round of six-way talks on North Korea's nuclear ambitions will be held for four days starting on June 23 in Beijing, conference sources were quoted by Kyodo news agency as saying on Monday.
The United States film ratings board ruled late Sunday that Michael Moore's controversial "Fahrenheit 9/11" film cannot be viewed by people under 17 unless they are accompanied by an adult, sparking an immediate appeal from the distributors.
Eastern Congo is rapidly turning into one of the world's biggest disasters, with 3.3 million people out of reach of relief groups, including 4,500 malnourished children, a senior UN official said.
The two front-running candidates in Indonesia's presidential elections sparred on Monday over policies to deal with separatism in Aceh province and endemic graft in the world's fourth most populous country.
Ukrainian President Leonid Kuchma on Monday said that his country was not yet ready to join the North Atlantic Treaty Organisation (Nato), despite its wish to do so.
The Hong Kong dollar inched higher on Monday morning but dealers expected the upside to be limited, with the greenback supported by speculation that the Fed could raise interest rates quicker than previously expected.
Asian regional currencies were mostly down on Monday, as investors stayed focused on the possibility of a larger than expected rate rise in the United States later this month.
The dollar rose to a three-week high against the euro and a one-week peak versus the yen on Monday on speculation that the US Federal Reserve could raise interest rates more quickly than expected if inflation speeds up.
The Swiss franc eased on the dollar on Monday on market speculation that the US Federal Reserve could raise key interest rates faster than expected if inflation sped up.
The Indian rupee slipped to its lowest close in eight sessions on Monday on increased dollar buying by state-run oil firms and subdued sentiment amid continued weakness in the local stock market, dealers said.
Japan's Nikkei share average erased early gains to close lower on Monday after a drop in Asian technology shares put a damper on their Japanese peers, including Toshiba Corp.
Malaysian shares closed lower on Monday, snapping a six-day winning streak, as investors worry about prospects of interest rate hikes in the United States and China, two of the country's main trading partners.
Sri Lanka stocks edged higher on Monday as blue chips posted modest gains, but trading was light, with a lack of clarity over the government's economic policies keeping investors on the sidelines.
South Korean shares closed 1.7 percent lower on Monday, as investors shied away from technology stocks due to a gloomy outlook and as concerns over possible Chinese interest rate rise also dampened investment sentiment.
Singapore shares closed lower on Monday, led by property blue chips such as City Developments on fears that the sector would be hit if internees treat rise.
Malaysian bond prices slipped in early Monday trade, but volume was thin as investors hid their hands ahead of the auction of two three-year government issues worth a combined 6.6 billion ringgit ($1.7 billion).
Malaysian bond prices slipped in early Monday trade, but volume was thin as investors hid their hands ahead of the auction of two three-year government issues worth a combined 6.6 billion ringgit ($1.7 billion).
China's shares closed at their lowest in six months on Monday as investors sold steel firms amid fears of a money squeeze caused by a potential interest rate rise and a $1.1 billion share issue by Whine Steel.
Indian shares fell sharply to a one-month closing low on Monday, led by steel stocks on fears a government regulator would be set up to control the sector.
Jakarta stocks fell past the psychological 700 point level to a four-week low on Monday in sluggish trade, undermined by expectations that US interest rates will soon rise.
Thai stocks ended higher for a fourth straight day on Monday with funds picking up battered blue-chips such as Siam Cement and Bangkok Bank, analysts said.
Taiwan stocks fell nearly three percent in slack trade on Monday as investors headed for the sidelines to wait and see if broad market scepticism on the outlook for corporate and economic fundamentals was justified.
Japanese government bond (JGB) prices tumbled on Monday, pushing up yields to multi-year highs on speculation that the Bank of Japan is considering how to exit its super-loose policy in light of growing evidence of Japan's economic recovery.
Japanese government bond (JGB) prices tumbled on Monday, pushing up yields to multi-year highs on speculation that the Bank of Japan is considering how to exit its super-loose policy in light of growing evidence of Japan's economic recovery.
Scandal-hit Mitsubishi Fuso Truck and Bus Corp will recall 450,000 more vehicles in Japan after an internal probe found further defects, a senior company official said Monday.
Scandal-hit Mitsubishi Fuso Truck and Bus Corp will recall 450,000 more vehicles in Japan after an internal probe found further defects, a senior company official said Monday.
The Hong Kong government said on Monday it was optimistic about the economic outlook but warned that its planned bond sale could be affected by interest rate rises and would not necessarily be issued all at once.
The Hong Kong government said on Monday it was optimistic about the economic outlook but warned that its planned bond sale could be affected by interest rate rises and would not necessarily be issued all at once.
The imposition of capital value tax (CVT) on purchases of shares brought violent protests in Karachi Stock Exchange on Monday where protesters demanded its immediate withdrawal.
Argentine sales of 2003/04 corn totalled 5.975 million tonnes by June 11, up from 5.945 million tonnes the week before, the Agriculture Department said on Monday.
With imposition of CED the government, at last, has brought at par the cooking oil and ghee units in Fata and Pata with the units working in other parts of the country.
Steady trend was seen in the first post-budget session at the local grain market as most of the commodities maintained their week-end levels, operators said on Monday (June 14, 2004).
With imposition of CED the government, at last, has brought at par the cooking oil and ghee units in Fata and Pata with the units working in other parts of the country.
Three new proposals including taxing carryover transaction (COT), brokerage commission and difference in bill of daily trading were deliberated upon by the government and three bourses' chiefs, as Ministry of Finance has agreed in principle to withdraw th
Three new proposals including taxing carryover transaction (COT), brokerage commission and difference in bill of daily trading were deliberated upon by the government and three bourses' chiefs, as Ministry of Finance has agreed in principle to withdraw th