During the year under review this 19 branch commercial bank has seen radical change in its structure due to amalgamation and rightsizing. A major achievement of the bank was that of the successfully handling of floatation issue of Rs 1.340 billion of OGDC
During the year under review this 19 branch commercial bank has seen radical change in its structure due to amalgamation and rightsizing. A major achievement of the bank was that of the successfully handling of floatation issue of Rs 1.340 billion of OGDC
Indian bonds are likely to rebound slightly from their sharp drop on a surprise spike in inflation, while stocks may remain dull as investors await the budget on July 8, traders said.
Indian bonds are likely to rebound slightly from their sharp drop on a surprise spike in inflation, while stocks may remain dull as investors await the budget on July 8, traders said.
Jakarta stocks could get a bounce in the third quarter if the winner of Indonesia's presidential election achieves a decisive victory margin, ending months of uncertainty, analysts said.
Taiwan stocks are likely to rise this week following Morgan Stanley Capital International's announcement it would raise the Taipei market's weighting in its emerging markets index.
Tokyo stocks are expected to climb slightly higher this week, with traders saying they were positioned for a potential tech slowdown and expected US and China interest rate hikes.
Asia's currencies fell against the US dollar over the past week on speculation of a hike in US interest rates and uncertainty over the situation in Iraq as the war-torn country heads towards the June 30 handover of power.
Intel Corp, the world's largest microchip maker, expects second quarter performance to rival record levels reached in the first quarter, CEO Craig Barrett said in an interview published on Sunday.
Intel Corp, the world's largest microchip maker, expects second quarter performance to rival record levels reached in the first quarter, CEO Craig Barrett said in an interview published on Sunday.
The median overnight interbank rate on the Egyptian pound fell on Sunday to 7-1/2 percent from 8-3/4 percent on Thursday towards the end of a central bank period for calculating banks' reserves, dealers said.
Egyptian shares ended lower on Sunday as investors fretted about the political ramifications of President Hosni Mubarak's trip to Germany for medical treatment, traders said.
Hong Kong's blue chip stocks could fall further this week as an expected US interest rate rise nears, but China's assertions that economic-cooling measures are working may halt recent declines of China plays.
The head of Deutsche Post, which has been forced to postpone a flotation of its banking subsidiary Postbank, criticised Deutsche Bank indirectly on Sunday over a leaked document that played a role in the delay.
The head of Deutsche Post, which has been forced to postpone a flotation of its banking subsidiary Postbank, criticised Deutsche Bank indirectly on Sunday over a leaked document that played a role in the delay.
UK gilt investors will set their spotlight on the release of the Bank of England's June meeting minutes on Wednesday, keen for clues to the future pace of rate hikes after June's quarter point rise.
UK gilt investors will set their spotlight on the release of the Bank of England's June meeting minutes on Wednesday, keen for clues to the future pace of rate hikes after June's quarter point rise.
Look for another week of low volume and high anxiety on Wall Street as investors sit out the markets, watching for more violence in Iraq and waiting for the US Federal Reserve to raise interest rates.
Royal Dutch/Shell shareholders plan to give the embattled oil giant's directors a rocky ride at its twin annual general meetings on June 28, despite the concessions it made to them last week.
Royal Dutch/Shell shareholders plan to give the embattled oil giant's directors a rocky ride at its twin annual general meetings on June 28, despite the concessions it made to them last week.
A majority of members of the Syrian parliament have signed a draft law which would ban US oil companies from operating in the country, in retaliation for Washington's sanctions on Damascus, an MP told AFP Sunday.
A stream of upbeat economic news should improve the view Americans have of President George W. Bush's handling of the economy, US Treasury Secretary John Snow said on Sunday.
Japanese consumer electronics giant Matsushita plans to cut its group workforce by about 3,000 or three percent in the current business year, despite improving profits, a press report said Sunday.
Saudi Arabia's new investment chief said on Sunday that the oil-rich kingdom is too important a market to be shunned by foreign entrepreneurs despite a spate of terror attacks against Westerners.
Russia plans to overhaul its energy and transport infrastructure in order to integrate better into the global oil and energy market, Prime Minister Mikhail Fradkov said Sunday according to the Interfax news agency.
India's largest state-run bank has opened a branch in the Gulf state of Oman, becoming the ninth foreign and second Indian bank to operate in the sultanate.
Iran's tourist office has ordered museums and historical sites to cease the Soviet-style practice of charging foreigners up to 10 times more than locals, the student news agency ISNA reported Sunday.
Russia's efforts to boost oil flows via Baltic seaports have created a glut in north European markets, making its Urals crude increasingly reliant on exports to Asia and the United States, traders said recently.
The Qatar Foundation for Education, Science and Community Development said Sunday it is to build a fully digitalised medical care and research centre with an endowment fund of eight billion dollars.
The EU has agreed to weaken Brussels' powers to enforce strict budget rules in the 12-nation eurozone, in a victory for EU heavyweights led by Germany who have repeatedly flouted those rules.
The International Monetary Fund (IMF), labelled a poor guide by Iran's Supreme Leader this week, said on Saturday it agreed with Tehran's economic reform goals but argued the pace of change needed to be quicker.
European Central Bank chief economist Otmar Issing on Sunday became the latest leading euro zone banker to warn companies and workers not to kindle inflation by agreeing lavish wage settlements.
The German government expects to cut new borrowing to 22 billion euros in 2005 with the help of privatisation earnings but spending will rise slightly to 258.3 billion euros, according to a draft budget obtained by Reuters.
India's opposition Hindu nationalists on Sunday shot down renewed calls to dismiss Gujarat's hard-line leader, who is accused of abetting anti-Muslim violence in the western state.
The Algerian military has killed the leader of an rebel organisation with suspected ties with al Qaeda, the army said on Sunday, dealing a significant blow to north Africa's top militant group.
Afghan President Hamid Karzai vowed Sunday to hold historic post-Taleban elections as scheduled but warned the nation would face more attacks from the country's "enemies" before the polls.
China promoted 15 military and paramilitary generals on Sunday, including the top bodyguard of military chief Jiang Zemin, in a move seen by some analysts as an indication the former Communist party chief would not step down.
Long-awaited results of a marathon vote count gave Gloria Macapagal Arroyo a fresh term as Philippine president on Sunday, but opposition allegations of cheating and planned protests threatened to undermine her rule.
The man in charge of overseeing elections in Iran has quit his job in protest, several months after parliamentary polls which saw most reformist candidates disqualified and religious hard-liners win, the official news agency IRNA reported Sunday.
Israeli intelligence and military agents are working secretly in Iraq's Kurdistan region, and have slipped into Iran to monitor nuclear facilities, the New Yorker magazine reported Sunday.
European states have begun the daunting task of selling the newly agreed EU constitution at home, and there are already bleak signs for the charter in key member state Britain, opinion polls showed on Sunday.
Egyptian President Hosni Mubarak has temporarily delegated his powers to his prime minister after travelling to Germany on Sunday for an operation on a slipped disc, officials said.
Palestinian officials said on Sunday Egypt will not send security experts to Gaza ahead of any Israeli pullout unless all Palestinian factions accept Cairo's involvement and a truce.
King Fahd pledged Sunday that Saudi Arabia would defeat the terror that has rocked it over the past year and said the conservative kingdom would tailor reforms to its own needs.
Iran could soon resume the assembly of centrifuges used to enrich uranium but does not yet intend to resume the highly sensitive enrichment process itself, the foreign ministry said Sunday.
Foreign minister Khurshid Mehmud Kasuri has said that the Eminent Persons Group (EPG) has been formed by the OIC to deliberate upon the implementation of the enlightened moderation concepts.
I wish to point out through your esteemed paper the fact that in written policy brochure provided to the participants at the seminar held by the Administrative Staff College, Lahore clearly says that policy research paper and syndicate research paper shou
President Musharraf ordered thorough probe into the bus falling off the bridge near Islamabad killing 44 persons, to thwart such accidents in future. Well done, President.
We have seen the news in the Business Recorder that the State Bank of Pakistan has decided that in the Credit Information Bureau (CIB) report, grouping of borrowers shall now be done on the basis of revised criterion.
The new budget is like a breath of fresh air for the common man as it brings a radical attitudinal change for the better. It marks a departure from the historical imperial approach of the budget-makers.
The Federal Budget unveiled on 12th June for the year 2004-05 signifies a marked shift in policies. Such a shift seemed inevitable given the huge difference in the overall economic scene when the present Finance Minister took over the stewardship of the e
It is now official that the former Iraqi President Saddam Hussain had no links with al Qaeda - one of the pretexts used by US President George W. Bush to invade and occupy Iraq.
Punjab Finance Minister Sardar Hasnain Bahadur Dareshak presented the provincial finance bill containing a budgetary outlay of Rs 180.021 billion in the Punjab Assembly on Thursday, showing some creditable initiatives on the part of the government.
Punjab Finance Minister Sardar Hasnain Bahadur Dareshak presented the provincial finance bill containing a budgetary outlay of Rs 180.021 billion in the Punjab Assembly on Thursday, showing some creditable initiatives on the part of the government.
Advisor to the Prime Minister and Nilofer Bakhtiar has urged the members of provincial legislature to facilitate the process of election of female councillors to the local government institution.
Heavy downpour, accompanied by windstorm, lashed the provincial metropolis on Sunday morning providing respite from muggy weather but causing problems for motorists and residents of low-lying areas.
Small and Medium Enterprises (SMEs) are playing a vital role in socio-economic uplift and betterment of the country, Rebuild Afghanistan Industrial Fair would help to boost this sector in the country besides enhancing export volume said Hussain Ahmed Ozge
Information Secretary Pakistan Muslim League Senator Tariq Azeem on Sunday said that democracy is flourishing and political stability has gained roots in the country under the elected government.
A "Consultation Workshop for the Establishment of National Gender and Energy Network" organised by the Aga Khan Rural Support Programme (AKRSP) opens here on Monday.
Wapda after intensifying its on-going nation-wide door-to-door recovery drive has given go ahead to all chief executives of distribution companies across the country to disconnect the power supply of all defaulters without any discrimination forthwith.
Pakistan and India have agreed to adopt mechanism to prevent misunderstandings and vowed to work for strategic stability, foreign office spokesman Masood Khan told PTV on Sunday.
Renowned Dental Surgeon and Orthodontist of Karachi, Dr Muhmood Shah has been elected Vice President (VP) of the prestigious Asia Pacific Dental Federation (APDF). The elections were held recently in Hong Kong at the APDF moot there.
Strengthening of Livestock Services Project (SLSP), a European Union and Government of Pakistan-funded nation-wide project, is holding a one-day workshop on 'identification of problems in livestock sector' on Monday, June 21.
PPP workers and activists, led by Senator Jehangir Badr, Khalid Ahmed Kharal and other party leaders, held a protest rally and demonstration outside the local Press Club on Sunday, to condemn the murder of Munawwar Suhrawardy.
The NWFP government has sanctioned Rs 11.104 million for the construction of Pushkalawati Museum at Charsadda district to preserve the antiquities of Gandhara period excavated from various ancient sites of the district, an official source told PPI.
Chief minister Punjab, Chaudhry Parvaiz Ellahi has accorded approval for expansion in Anti-Corruption Department and provision of required facilities and resources with a view to strengthening it for enabling it to effectively curb the corruption from the
The People's Lawyers Forum (PLF) has cancelled birthday ceremony of Benazir Bhutto, which was scheduled to be held in the Lahore High Court premises on June 21.
A special drive will be launched against the owners of various factories and sale points for manufacturing and selling of spurious drugs and sub-standard beverages in the district.
Sindh Chief Minister Ghulam Rahim has ruled out any political crisis in Sindh or change of governor. However, he said that if the system failed to run smoothly, either the assembly would dismember or governor rule would became inevitable.
The local textile sector has turned out to be one of the greatest beneficiaries of the FY05 Budget as the government abolished sales tax on ginned cotton.
As many as seven division benches and 21 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday, June 21.
A meeting of the managing committee of Union of Small and Medium Enterprises (Unisame) was held at Unisame House to consider the question of which is a small or medium enterprise. In this connection, a talk was given by Zulfikar Thaver, president of Unisa
An accountability court adjourned to July 10 the proceedings in a reference against Home Minister Syed Faisal Saleh Hayat after recording the statement of Investigating Officer Javed Shah.
The sustained violence and volatile conditions in the city had firm grip over trading, cotton not being excluded, throughout the week, buyers lifting one or two bales when unavoidable.
Pakistan Machine Made Carpet Manufacturers Association (PMMCMA) has demanded of the government and Central Board of Revenue (CBR) to exempt the raw material used by carpet industry from the import duty.
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
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
Lahore Stock Exchange (LSE) Chairman Syed Asim Zafar has said the LSE governing board has fixed Rs 20 million as minimum price for sale of a new membership of the Exchange.