The Habib Bank Limited has disbursed Rs 9.618 billion during 2003-04 to the agricultural sector, showing 160 percent achievement against the targeted amount of Rs 6 billion fixed by the State Bank.
Pakistan Telecommunication Authority (PTA) has received 23 applications for long distance international (LDI) licences and 72 for wireless local loop (WLL). PTA had already awarded LDI licences to four companies, while some other applications are still un
Pakistan Telecommunication Authority (PTA) has received 23 applications for long distance international (LDI) licences and 72 for wireless local loop (WLL). PTA had already awarded LDI licences to four companies, while some other applications are still un
First consignment of betel-nuts arrived in Karachi after two years as importers fulfilled all conditions prescribed by the Central Board of revenue, thus helping the country to generate as much as Rs 2 billion in the current fiscal year.
The European Commission (EC) has issued a questionnaire for interim partial review of the anti-dumping duty imposed on the imports of bed linen from Pakistan.
The European Commission (EC) has issued a questionnaire for interim partial review of the anti-dumping duty imposed on the imports of bed linen from Pakistan.
Pakistan is bracing for a backlash from Islamic militants after its most successful crackdown on al Qaeda and local allies to date, military and civilian officials said on Tuesday.
Thailand and India have agreed to cut tariffs on a range of 82 items under a plan touted as a first real step in the creation of a free trade area between the two countries, a government spokesman said on Tuesday.
The Karachi Stock Exchange (KSE) has cleared the prospectus of cumulative non-voting preference shares of Chenab Limited, a non-listed company of the exchange, KSE Managing Director Moin Fudda said.
Booming beyond expectation for over a year, Argentina's economic recovery is losing steam with falling farm prices, a credit squeeze and economic and political jitters.
When the Islamic Bank of Britain (IBB) opens the doors of its first branch next month, it will be at the vanguard of a new breed of institutions aiming to cash in on the need for religiously approved finance.
Inflation in Britain slowed more than expected and further below its 2.0 percent target in July as furniture shops offered the biggest-ever summer discounts, but analysts still predict more interest rate hikes ahead.
US consumers mostly shrugged off recent signs of a slowing economy, as bright prospects for the rest of the year pushed confidence to a seven-month high in August, a survey said on Tuesday.
Bearish trend prevailed on the Lahore Stock Exchange (LSE) amid ascending transaction volume following the selling-pressure on account of profit-taking.
Bearish trend prevailed on the Lahore Stock Exchange (LSE) amid ascending transaction volume following the selling-pressure on account of profit-taking.
Israel has put the brakes on a plan to allow Palestinian police in the West Bank to carry arms for the first time in more than three years to deal with internal unrest, security sources said on Tuesday.
Equities continued to show healthy signs on the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid the increase in index.
Equities continued to show healthy signs on the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid the increase in index.
President General Pervez Musharraf directed Pakistan Railways on Tuesday to make use of its assets through public-private partnership to generate funds for speedy implementation of its improvement plans and at the same time ensure better services for pass
President General Pervez Musharraf directed Pakistan Railways on Tuesday to make use of its assets through public-private partnership to generate funds for speedy implementation of its improvement plans and at the same time ensure better services for pass
The World Bank (WB) has said that it has no objection if the government and tax authorities mutually agree on autonomous status to Central Board of Revenue (CBR).
The World Bank (WB) has said that it has no objection if the government and tax authorities mutually agree on autonomous status to Central Board of Revenue (CBR).
To address the envisaged urea shortage, Minister for Industries and Production Liaquat Ali Jatoi held meetings with various stakeholders here on Tuesday.
To address the envisaged urea shortage, Minister for Industries and Production Liaquat Ali Jatoi held meetings with various stakeholders here on Tuesday.
The government's promise to buy 0.1 million bales of cotton carries no sense as the buying of old cotton stock would cause serious loss to the government while new crop cotton has no problem to sell, said cotton experts.
The government's promise to buy 0.1 million bales of cotton carries no sense as the buying of old cotton stock would cause serious loss to the government while new crop cotton has no problem to sell, said cotton experts.
The share market during the second session (Tuesday) witnessed profit taking activity from local punters which clipped gains made during morning session but the volume rose sharply after brisk activity in gas and cement companies.
The share market during the second session (Tuesday) witnessed profit taking activity from local punters which clipped gains made during morning session but the volume rose sharply after brisk activity in gas and cement companies.
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
In a major move to attract foreign investment in the mobile phone sector, the government has abolished custom duty and sales tax on the import of its accessories.
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
In a major move to attract foreign investment in the mobile phone sector, the government has abolished custom duty and sales tax on the import of its accessories.
In a major move to attract foreign investment in the mobile phone sector, the government has abolished custom duty and sales tax on the import of its accessories.
China is expected to reap a record soyabean harvest of 18 million tonnes in 2004 due to expanded acreage and good weather, according to a forecast by the official grain think-tank.
The reform process has helped the Central Board of Revenue (CBR) in achieving revenue targets during the last two years against previous financial years' when even revised targets were not met by the tax authorities.
Excellent weather means the 25 European Union states are likely to harvest 14.08 million tonnes of rapeseed this year, against 11.05 million in 2003, Hamburg-based newsletter Oil World said on Tuesday.
The reform process has helped the Central Board of Revenue (CBR) in achieving revenue targets during the last two years against previous financial years' when even revised targets were not met by the tax authorities.
The Karachi Port handled 26,296 tonnes of cargo including 20,271 tonnes import and 6,025 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Bilateral trade between Pakistan and Sri Lanka is not operating successfully under the Free Trade Agreement (FTA) due to high import duty on the imports of certain items from both the sides.
Bilateral trade between Pakistan and Sri Lanka is not operating successfully under the Free Trade Agreement (FTA) due to high import duty on the imports of certain items from both the sides.
US President George W. Bush has agreed to give friendly countries, whose citizens may travel to the United States without visas, an additional year to issue high-tech passports that were to have been required for visa-free visits in October, the State Dep
US President George W. Bush has agreed to give friendly countries, whose citizens may travel to the United States without visas, an additional year to issue high-tech passports that were to have been required for visa-free visits in October, the State Dep
Average cocoa prices paid to farmers in Ivory Coast were mixed in the week of August 2-8 with supply shortages pushing prices higher in some areas and poor quality hitting prices elsewhere.
Pakistani domestic rice prices were barely changed over the past week, but stocks dwindled to 30,000-40,000 tonnes from 75,000 last week, sufficient to meet local demand, dealers said.
For the first time in its history, Pakistan Cricket Board (PCB) was in good financial health and in a position to undertake development work for the promotion of the game, PCB Chairman Shehryar Khan told Business Recorder here on Tuesday.
Senate chairman Muhammadmian Soomro and Defence Minister Rao Sikandar Iqbal met Punjab Chief Minister Chaudhry Pervaiz Elahi separately here on Tuesday.
Chicago Board of Trade corn futures settled mostly higher on Monday on supportive weekly US corn export inspections, slipover support from gains in neighbouring soyabeans, and US weather worries, brokers said.
A division bench of Sindh High Court (SHC) comprising Chief Justice Saiyed Saeed Ashhad and Justice Syed Zawar Hussain Jaffery dismissed the petition challenging reduction in age of retirement of superior judiciary through 17th Constitutional amendments t
Professor Dr Yaqub Kazi of the King Edward Medical College, has called for ensuring general hygiene and availability of clean drinking water so as to check the spread of hepatitis, which is growing at an alarming ratio.
The December vaida opened 60 paisa lower at Rs 421.20 and rose by 20 paisa to claim to be the highest at Rs 421.40. Later trading depressed and it lost 30 paisa to turn lowest at Rs 420.70 and closed 30 paisa better at Rs 421.
Senate Chairman Mohammedmian Soomro on Tuesday said that successful holding of ITCN Asia 2004 exhibition and conference in Karachi reflects healthy and inspiring environment in the country, particularly in Karachi, and the city had indeed become the centr