Moin Fudda, Managing Director, Karachi Stock Exchange, said on Sunday that "on behalf of the KSE, I profusely congratulate Shaukat Aziz for his nomination as Prime Minister of Pakistan".
The appointment of Shaukat Aziz as prime minister, like Manmahoon Singh in India, is a message to businessmen, traders and investors, especially at the helm of stock market, that the continuity of reforms would pull the country out of foreign debt trap.
The appointment of Shaukat Aziz as prime minister, like Manmahoon Singh in India, is a message to businessmen, traders and investors, especially at the helm of stock market, that the continuity of reforms would pull the country out of foreign debt trap.
Portuguese Prime Minister Jose Manuel Durao Barroso was a step away on Sunday from becoming the next president of the European Commission after European Union leaders ended weeks of wrangling to back him.
President George W. Bush's decision to invade Iraq "stands as a monument to folly" to his "doctrine" of pre-emptive war, the Los Angeles Times wrote Sunday in a scathing editorial three days ahead of Iraq's power handover.
Nato must tackle new threats before they "end up on our doorstep," the alliance's chief warned on Sunday as leaders gathered for a summit at which the new Iraqi government will be offered training for its troops.
Production at Norwegian energy group Statoil's Snorre and Vigdis oilfields in the North Sea returned to near normal on Sunday, two days after a strike was ended by the government, the company said.
Foreign Office spokesman Masood Khan on Sunday termed the first phase of dialogue process between foreign secretaries of Pakistan and India in New Delhi as pleasant, constructive and business like.
The KSE-100 index came under pressure during the last week as well owing to uncertainty regarding the alternative tax proposals for stock market investors and political disturbances in Islamabad.
The KSE-100 index came under pressure during the last week as well owing to uncertainty regarding the alternative tax proposals for stock market investors and political disturbances in Islamabad.
A delegation of Pakistan Cotton Ginners Association (PCGA) would hold a meeting with Member Sales Tax Shahid Ahmad Khan in Islamabad on June 28 to plead its case regarding demand for withdrawal of general sales tax on cottonseed.
A delegation of Pakistan Cotton Ginners Association (PCGA) would hold a meeting with Member Sales Tax Shahid Ahmad Khan in Islamabad on June 28 to plead its case regarding demand for withdrawal of general sales tax on cottonseed.
Banks' endeavour to raise interest rates steeply and take advantage of end-June financial close of monetary aggregates of the State Bank of Pakistan, appears to be faltering.
Banks' endeavour to raise interest rates steeply and take advantage of end-June financial close of monetary aggregates of the State Bank of Pakistan, appears to be faltering.
Sindh Finance Minister Sardar Ahmed declared on Sunday that Sindh would not sign any NFC Award unless multiple criteria basis is adopted for distribution of national resources among the provinces.
Sindh Finance Minister Sardar Ahmed declared on Sunday that Sindh would not sign any NFC Award unless multiple criteria basis is adopted for distribution of national resources among the provinces.
The Privatisation Commission (PC) is likely to sell shares in Pakistan Petroleum Ltd at Rs 55 per share by next month, moving as per schedule set at the start of the current fiscal year.
The Privatisation Commission (PC) is likely to sell shares in Pakistan Petroleum Ltd at Rs 55 per share by next month, moving as per schedule set at the start of the current fiscal year.
The weighted average badla rate on the Karachi Stock Exchange (KSE) was at 8.1 percent, declining from 14.1 percent a week ago, because of massive downward correction and immense liquidity available on the interbank market.
The weighted average badla rate on the Karachi Stock Exchange (KSE) was at 8.1 percent, declining from 14.1 percent a week ago, because of massive downward correction and immense liquidity available on the interbank market.
The increased dollars buying in the final sessions of the current fiscal year for the clearance of dues pushed the greenback rates high in the interbank market as well in the open market last week, experts said.
The increased dollars buying in the final sessions of the current fiscal year for the clearance of dues pushed the greenback rates high in the interbank market as well in the open market last week, experts said.
Palestinian militants blew up part of an Israeli military post in the southern Gaza Strip on Sunday and one Israeli was believed killed and at least five others wounded, an Israeli television station reported.
Palestinian militants blew up part of an Israeli military post in the southern Gaza Strip on Sunday and one Israeli was believed killed and at least five others wounded, an Israeli television station reported.
The Karachi city police on Sunday used all the means to prevent Muttahida Majlis-i-Amal from holding a 'Peace Rally'. Almost total strength of the police force was utilised in addition to latest equipment to do the job.
The Karachi city police on Sunday used all the means to prevent Muttahida Majlis-i-Amal from holding a 'Peace Rally'. Almost total strength of the police force was utilised in addition to latest equipment to do the job.
The acting president of Muttahida Majlis-i-Amal (MMA), Qazi Hussain Ahmed, was sent back to Peshawar from Karachi airport by the Sindh government, on Sunday.
The acting president of Muttahida Majlis-i-Amal (MMA), Qazi Hussain Ahmed, was sent back to Peshawar from Karachi airport by the Sindh government, on Sunday.
Pakistan and India on Sunday began a composite dialogue process focussing on peace and security, and confidence-building measures (CBMs) in a "positive" and "constructive atmosphere".
Pakistan and India on Sunday began a composite dialogue process focussing on peace and security, and confidence-building measures (CBMs) in a "positive" and "constructive atmosphere".
Six National Guardsmen were killed on Sunday in an attack on a checkpoint north-east of the Iraqi capital by unknown gunmen armed with anti-tank rockets, a provincial police chief said.
Six National Guardsmen were killed on Sunday in an attack on a checkpoint north-east of the Iraqi capital by unknown gunmen armed with anti-tank rockets, a provincial police chief said.
Unidentified gunmen in Iraq have kidnapped a Pakistani driver and are threatening to behead him within three days unless Iraqi prisoners are released, Al Arabiya television reported on Sunday.
Unidentified gunmen in Iraq have kidnapped a Pakistani driver and are threatening to behead him within three days unless Iraqi prisoners are released, Al Arabiya television reported on Sunday.
ICI Pakistan Limited is a subsidiary of ICI Omicron BV and is listed on Karachi, Lahore and Islamabad Stock Exchanges. The ICI share is trading at Rs 86.65 per share and during the last one year its prices ranged between Rs 52.55 and Rs 95.25 per share.
ICI Pakistan Limited is a subsidiary of ICI Omicron BV and is listed on Karachi, Lahore and Islamabad Stock Exchanges. The ICI share is trading at Rs 86.65 per share and during the last one year its prices ranged between Rs 52.55 and Rs 95.25 per share.
Hong Kong investors expect little market fallout from a mass demonstration this week marking the anniversary of the territory's return to China, with many traders saying shares are likely to edge higher.
Japanese shares are expected to rise further this week ahead of a quarterly Bank of Japan sentiment survey that is likely to show companies remain upbeat.
Asia's currencies mostly rose against the US dollar in the past week on growing optimism over Japan's recovery and with expectations of a US rate rise already factored into the market.
State-owned Telecom Egypt said on Sunday it was looking for lead managers and underwriters for an Egyptian pound bond issue worth between 1.5 billion and two billion pounds ($242 million and $323 million).
State-owned Telecom Egypt said on Sunday it was looking for lead managers and underwriters for an Egyptian pound bond issue worth between 1.5 billion and two billion pounds ($242 million and $323 million).
The US dollar may be heading for a big fall, with analysts saying that rising inflation will force Asian central banks to cut the currency intervention that has been financing the massive US current account deficit.
Indian shares are seen rising this week as traders build positions in the run-up to the federal budget, while bonds may extend a fall fuelled by fears rates may rise amid global tightening and higher inflation.
British oil titans Shell and BP will move into the spotlight this week as UK investors search for inspiration, although the prospect of a rise in US interest rates could grab most attention.
Taiwan stocks are likely to move higher this week with an expected increase in US interest rates not seen unnerving the market, although some high tech stocks may be sold after Intel recalled a number of chipsets.
Europe's stock markets will hold steady ahead of Federal Reserve interest rate move but strategists said the focus will be on whether the US central bank says it intends to tighten more than anticipated.
Relief over moving past the crucial Federal Reserve meeting and power handover in Iraq may boost stocks this week, but trading will likely tail off as dealers wind down for the US July Fourth holiday weekend.
Bahrain's trade surplus rose 53 percent in 2003 to 454 million dinars ($1.2 billion) compared to a 294 million dinar surplus in 2002, the central bank said.
Citing security at Istanbul airport, Israel's El Al said on Sunday flights to Turkey would stay suspended at least until Wednesday, when a Nato summit will have ended in the city.
South Korea's KorAm Bank, owned by Citigroup Inc, said on Sunday it will take measures to minimise the impact of a strike, called by unions demanding job security and opposing bank plans to delist.
South Korea's KorAm Bank, owned by Citigroup Inc, said on Sunday it will take measures to minimise the impact of a strike, called by unions demanding job security and opposing bank plans to delist.
The European Commission has temporarily suspended an order requiring Microsoft to sell a version of its Windows operating system without a media player software, just before the order would have taken effect, it announced on Sunday.
As the 147 states in the World Trade Organisation edge towards an end of July deadline for the broad outline of a deal on liberalising agricultural trade, even wealthy countries seem to believe that the end of export subsidies is nigh.
Known and easily accessible uranium deposits across the globe can provide enough fuel for the nuclear power industry for 50 to 65 years, the UN International Atomic Energy Agency (IAEA) said.
Iraq's new interim government will give priority to companies from Arab countries when awarding contracts for reconstruction work, Iraqi Housing and Construction Minister Omar al-Damluji said on Sunday.
Strong oil prices have encouraged a tentative move back into derivatives markets by consumers looking to lock in costs for long-term supplies and avoid being burned if prices rise even higher, analysts and traders said.
The global economy is suffering from counterfeiting, but nowhere near as much as kids in Africa and Asia who died after what was supposed to be a painkiller turned out to be antifreeze.
US banks urged global regulators at the weekend to eliminate country-to-country differences in new banking guidelines designed to minimise risks and create a level playing field for international finance.
German Finance Minister Hans Eichel reiterated on Sunday his view that there is a need for a less mechanical implementation of the European Union's Stability and Growth Pact.
Rail links to southern Italy were paralysed on Sunday by a few hundred people blocking the line in protest at the reopening of a rubbish dump in the latest chapter of a crisis that many blame on the Mafia.
US Federal Reserve officials are set to raise interest rates this week for the first time in four years - the first step in what they hope will be a "measured" campaign to keep inflation at bay as the economy strengthens.
The CIA has stopped using interrogation techniques such as "stress positions," sleep deprivation and denial of pain medication while the Bush administration reviews their legality, The Washington Post said on Sunday.
Former Iraqi leader Saddam Hussein will remain in the physical custody of US forces for the "foreseeable future," US Secretary of State Colin Powell said Sunday, apparently contradicting Iraq's new prime minister.
Russia's top nuclear official vowed on Sunday to avoid any further delays in the launch of a Russian-built atomic reactor in Iran by speeding up talks with Tehran on a key bilateral deal.
US President George W. Bush on Sunday praised Turkey's stabilising role as a secular Muslim democracy in a turbulent region but some 20,000 demonstrators marched in anger against his policies in Iraq.
Police in the Gulf emirate of Dubai said on Sunday they had captured a fugitive drug baron after a seven-year chase that spanned several Middle Eastern countries and ended in Lebanon.
Turkey rejected on Sunday the demands of militants threatening to behead three Turks held hostage in Iraq during US President George W. Bush's visit to Turkey and on the eve of the formal start of Iraqi self-rule.
Tens of thousands of protesters marched through the streets of Mexico City on Sunday to protest Mexico's failure to control rampant crime in one of the world's most crime-wracked countries.
Israel should start talking seriously about ridding the Middle East of nuclear weapons, whether it admits to having them or not, the head of the UN nuclear watchdog said on Sunday.
Lithuania's former head of state, Valdas Adamkus, won Sunday's presidential election with 54.7 percent of the vote, against 33 percent for his rival, Kazimira Prunskiene, an exit poll released by the Baltic News Service said.
Furious Palestinians called for swift revenge attacks as they paid their last respects Sunday to seven militants, including three senior commanders, shot dead by Israeli troops in Nablus.
A 22-year CIA veteran who headed an anti-terror task force focusing on capturing Osama bin Laden said in an interview broadcast Sunday that "bureaucratic cowardice" impeded action against al Qaeda before and after September 11.
Chancellor Gerhard Schroeder said on Sunday Germany would not budge on its refusal to send troops to Iraq, but doesn't expect that to become a contentious issue at the Nato summit in Istanbul on Monday.
The United States may not have to increase its force levels in Iraq but it has contingency plans in case the need arises, US Defence Secretary Donald Rumsfeld said on Sunday.
Governor State Bank of Pakistan, on the request of the Chairman Central Board of Revenue Islamabad has directed that State Bank of Pakistan and National Bank of Pakistan will function for extended hours from June 27 to June 30, 2004 to facilitate the tax
Governor State Bank of Pakistan, on the request of the Chairman Central Board of Revenue Islamabad has directed that State Bank of Pakistan and National Bank of Pakistan will function for extended hours from June 27 to June 30, 2004 to facilitate the tax
The proud horsemen of the Sokoto Caliphate strained to rein in their skittish steeds as the horns blared and the sun beat down from a cloudless blue sky onto the parched earth of the field of honour.
The Organisation of the Islamic Conference (OIC) came into being on 25 September 1969 in the wake of Zionist arson attack on Al-Aqsa Mosque, perpetrated on 21 August 1969.
The donuts and the donkey suffered in the summer heat, and the man himself was nowhere to be seen, but American Democrats have held one of the most remote gatherings of the US presidential campaign so far with 'Kabul for Kerry'.