Equities showed negative signs at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings amid decrease in index. ISE network index declined by 61.48 points as the price-based indicator moved from 11,731.30 to 11,669.82 points.
The Governor of State Bank of Pakistan Dr Ishrat Husain has asked the National Commodity Exchange Limited (NCEL) to ensure protection of small farmers' interests. He stated this during his visit to the NCEL here on Friday.
The Governor of State Bank of Pakistan Dr Ishrat Husain has asked the National Commodity Exchange Limited (NCEL) to ensure protection of small farmers' interests. He stated this during his visit to the NCEL here on Friday.
The Central Board of Revenue (CBR) will issue letters to all those salaried persons who failed to submit names and addresses of their employers in the income tax returns for the 'tax year 2003'. The CBR on Friday issued instructions to all Commissioners o
The Central Board of Revenue (CBR) will issue letters to all those salaried persons who failed to submit names and addresses of their employers in the income tax returns for the 'tax year 2003'. The CBR on Friday issued instructions to all Commissioners o
Activity was dull in local stock market on the last trading day of the week where shares values remained depressed while the index ended with a weak note amid retreating volume of transactions. The LSE-25 index finished at 2715.66 points as against 2716.5
Activity was dull in local stock market on the last trading day of the week where shares values remained depressed while the index ended with a weak note amid retreating volume of transactions. The LSE-25 index finished at 2715.66 points as against 2716.5
The short session at KSE on Friday failed to provide any support to the share market where index recorded range-bound movement under low turnover. The KSE-100 index rose 5.45 points, or 0.10 percent, to 5458.32 as compared with 5452.87 of Thursday. The vo
The short session at KSE on Friday failed to provide any support to the share market where index recorded range-bound movement under low turnover. The KSE-100 index rose 5.45 points, or 0.10 percent, to 5458.32 as compared with 5452.87 of Thursday. The vo
The National Electric Power Regulatory Authority (Nepra) has been assigned to analyse tariff profile and technical data provided by the Chinese company for the installation of two 300 megawatt coal-based power plants in Thar, sources told Business Reco
The National Electric Power Regulatory Authority (Nepra) has been assigned to analyse tariff profile and technical data provided by the Chinese company for the installation of two 300 megawatt coal-based power plants in Thar, sources told Business Reco
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
The Central Board of Revenue (CBR) has reduced duty drawback on the export of artificial leather (PVC binding material) from October 22, 2004. The CBR has replaced Schedule LXXXV of the standard SRO.415(I)/2001 of June 18, 2001 through a notification issu
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
The Central Board of Revenue (CBR) has reduced duty drawback on the export of artificial leather (PVC binding material) from October 22, 2004. The CBR has replaced Schedule LXXXV of the standard SRO.415(I)/2001 of June 18, 2001 through a notification issu
The Central Board of Revenue (CBR) has reduced duty drawback on the export of artificial leather (PVC binding material) from October 22, 2004. The CBR has replaced Schedule LXXXV of the standard SRO.415(I)/2001 of June 18, 2001 through a notification issu
Brazil's 2004/05 (October-September) soyabean output will reach 63.15 million tonnes, down from the 66.6 million tonnes forecast in July due to falling soya prices and high input costs, independent crop analysts Safras e Mercado said on Friday.
After receiving a clear-cut indication from the State Bank of Pakistan (SBP) that it would not stop the rupee from slide, the market players were anticipating that the dollar might breach the new barrier of Rs 65 by the end of the current year, money expe
Singapore bunker prices rose on Friday, tracking record high fuel oil cargo values, but finally slipped into discount against cargo values after hovering at parity since the beginning of the week.
After receiving a clear-cut indication from the State Bank of Pakistan (SBP) that it would not stop the rupee from slide, the market players were anticipating that the dollar might breach the new barrier of Rs 65 by the end of the current year, money expe
The Karachi Port handled 109,778 tonnes of cargo including 96,528 tonnes import and 13,277 tonnes export cargo during last 24 hours ending at 0700 hours on Friday.
The visiting chief of the Commonwealth, Don McKinnon, says that the organisation is satisfied with the restoration of democracy in Pakistan and wants it to play its full active role. He said that whether President Musharraf should hold the presidency as w
Spot soyabean basis bids were steady to firm in the interior US Midwest early on Friday, underpinned by quiet farmer sales, while corn bids were mixed amid scattered movement, dealers said.
The visiting chief of the Commonwealth, Don McKinnon, says that the organisation is satisfied with the restoration of democracy in Pakistan and wants it to play its full active role. He said that whether President Musharraf should hold the presidency as w
Falconbridge Ltd posted a jump in third-quarter earnings on Friday as the company was able to sell its nickel, copper and zinc production at higher prices than a year ago.
Nearly 110 officers of Armed Forces are serving in District Management Group (DMG) under 10 percent quota fixed by the Ziaul Haq regime in 1980s for Pakistan Army, Pakistan Air Force (PAF) and Pakistan Navy.
Chicago Board of Trade wheat futures closed lower on Thursday as some late buying moderated but did not reverse losses made on disappointing weekly export sales and Egypt's preference for Argentine wheat in an overnight tender, traders said.
Interior Minister Aftab Ahmad Khan Sherpao on Friday said Police Order 2000 would also be enforced in Islamabad and Federally Administered Tribal Areas (Fata).
Seven people died and three others received injuries when US forces carried out air raids on the south-eastern districts of the rebel-held Iraqi city of Fallujah overnight, hospital officials said on Friday. The general hospital's Dr Saleh Hussein said mo
Seven people died and three others received injuries when US forces carried out air raids on the south-eastern districts of the rebel-held Iraqi city of Fallujah overnight, hospital officials said on Friday. The general hospital's Dr Saleh Hussein said mo
Danish grain prices remained steady this week as farmers continued to sit on their feed wheat stocks in the hope of rising prices, while traders predicted price falls to meet export market levels.
The World Bank and International Monetary Fund said on Friday that poor textile-exporting countries could only expect help on a case-by-case basis to cope with the forthcoming end of import quotas. World Bank president James Wolfensohn and IMF managing di
The World Bank and International Monetary Fund said on Friday that poor textile-exporting countries could only expect help on a case-by-case basis to cope with the forthcoming end of import quotas. World Bank president James Wolfensohn and IMF managing di
Rising oil prices pose a growing risk to the world economy and will have a visible impact on global economic growth next year, the head of the International Monetary Fund (IMF) said on Friday. "The downside risks from oil have increased," IMF Managing Dir
Rising oil prices pose a growing risk to the world economy and will have a visible impact on global economic growth next year, the head of the International Monetary Fund (IMF) said on Friday. "The downside risks from oil have increased," IMF Managing Dir
Brazil's coffee belt will receive more rain to aid tree flowering at the start of next week after a couple of mainly dry days, private meteorologist Somar predicted Friday.
The government and Pakistan Sugar Mills Association (PSMA) have agreed for the constitution of a committee to resolve "longstanding controversy" over commissioning of sugarcane crushing season. Federal Food, Agriculture and Livestock Minister Sikandar Hay
A few changes were witnessed on the grain market on Friday as most of the commodities maintained their overnight level in the process of trading, dealers said.
The government and Pakistan Sugar Mills Association (PSMA) have agreed for the constitution of a committee to resolve "longstanding controversy" over commissioning of sugarcane crushing season. Federal Food, Agriculture and Livestock Minister Sikandar Hay
Prime Minister Shaukat Aziz on Friday presided over a meeting of Ministry of Industries and Production to discuss development of industrial parks in the country. The Prime Minister agreed to a proposal of the Industry Ministry for creating a new industria
Prime Minister Shaukat Aziz on Friday presided over a meeting of Ministry of Industries and Production to discuss development of industrial parks in the country. The Prime Minister agreed to a proposal of the Industry Ministry for creating a new industria
US benchmark cocoa futures firmed across the board in range-bound trading on Thursday, with modest support coming from foreign investors taking advantage of a weakening dollar, traders said.
The spadework on the $3.3 billion 1660 km Turkmenistan-Afghanistan-Pakistan gas pipeline is near finalisation for the coming steering committee meeting in November. The construction of the pipeline can materialise as big oil and gas companies of USA, EU,
The spadework on the $3.3 billion 1660 km Turkmenistan-Afghanistan-Pakistan gas pipeline is near finalisation for the coming steering committee meeting in November. The construction of the pipeline can materialise as big oil and gas companies of USA, EU,
Chocolate maker Hershey Foods Corp on Thursday posted a higher-than-expected 16 percent rise in quarterly profit and said it will get into the cookie business.
Chocolate maker Hershey Foods Corp on Thursday posted a higher-than-expected 16 percent rise in quarterly profit and said it will get into the cookie business.
Comex copper ended with healthy gains on Thursday, driven mostly by a strong dollar and underlying copper supportive fundamentals in a very light trading session, traders said.
Comex gold futures settled with slight gains and silver settled weaker on Thursday after dealers took profits on hop to fresh 6-1/2-month highs, traders said.
Tokyo gold futures dropped on Friday as the firm yen prompted active selling to adjust positions ahead of the weekend, with slight falls in the dollar-based spot price also hurting, traders said.
Gold clung to New York levels in Asia on Friday after prices failed to test $430 an ounce, reflecting a slow down in jewellery purchases especially in India, the world's largest buyer.
Oil prices simmered near $55 a barrel on Friday on rising fears of a winter fuel supply crunch and robust but slowing economic growth in China, the world's number two oil user.
Chinese 2004/2005 soyaoil imports are likely to slump to two million tonnes from 2.6 million the previous year, due to larger soya imports, a deputy director at a leading state grain think-tank said on Friday.
Thai rubber futures ended mixed on Friday as most contracts ended lower on profit taking while deferred contracts rose due to speculative buying, brokers said.
Raw sugar futures closed marginally softer on Thursday on modest speculative sales in fairly quiet dealings, with the sweetener seen range-bound over the next few days, brokers said.
Chicago Board of Trade soyabean futures ended lower on Thursday on weak CIF Gulf soya bids, commercial selling and speculative sales after the November contract rose to a 1-1/2-week top, brokers said.
Tokyo rubber futures inched down on Friday for the seventh consecutive day on a firm yen, although it closed above the day's lows on some late short-covering ahead of the weekend.
Malaysian crude palm oil futures fell on Friday after losses in rival US soyoil and lingering weakness in a market surprised a day ago by forecaster Ivan Wong's high stock estimates for October.
European Union newcomers face huge challenges in bringing down their budget deficits as they prepare their economies for adopting the euro currency, European Central Bank President Jean-Claude Trichet said.
Shares of Google Inc jumped 13 percent to $167 on Friday after the Web search leader posted its first results as a public company, and one broker said the stock could hit $200, rekindling dot.com-era fervour.
Shares of Google Inc jumped 13 percent to $167 on Friday after the Web search leader posted its first results as a public company, and one broker said the stock could hit $200, rekindling dot.com-era fervour.
Shares of Google Inc jumped 13 percent to $167 on Friday after the Web search leader posted its first results as a public company, and one broker said the stock could hit $200, rekindling dot.com-era fervour.
Volvo, the world's second-biggest truck maker, reported a sharp rise in underlying third-quarter profits and raised its sales forecasts, sending its share price higher despite a hefty writedown.
Volvo, the world's second-biggest truck maker, reported a sharp rise in underlying third-quarter profits and raised its sales forecasts, sending its share price higher despite a hefty writedown.
Sri Lanka is planning to ban the import of two-stroke engine vehicles widely used here in a bid to reduce pollution, the transport secretary said Friday.
Schlumberger Ltd, the world's largest oilfield services company, on Friday posted a third-quarter profit, reversing a year-earlier loss, as energy companies increased spending, a trend not expected to fade while oil prices stay high.
Schlumberger Ltd, the world's largest oilfield services company, on Friday posted a third-quarter profit, reversing a year-earlier loss, as energy companies increased spending, a trend not expected to fade while oil prices stay high.
Improving stock markets and strong commodity price increases saw almost all hedge fund strategies post a positive return in September, research from French business school Edhec showed on Friday.
Improving stock markets and strong commodity price increases saw almost all hedge fund strategies post a positive return in September, research from French business school Edhec showed on Friday.
Five countries in southern Africa on Friday signed a multi-billion-dollar deal to set up a company aimed at boosting the region's dwindling electricity supplies.
The US Army is laying the groundwork to let Halliburton Co keep several billion dollars paid for work in Iraq that Pentagon auditors say is questionable or unsupported by proper documentation, the Wall Street Journal reported on Friday.
International Monetary Fund (IMF) managing director Rodrigo Rato on Friday called on oil-producing nations to boost investment in production facilities in response to rising oil prices, which he said would have clear impact on growth.
Microsoft Corp late Thursday said its quarterly profit climbed as revenue rose 12 percent, driven by demand for the company's core software products from businesses and higher sales of personal computers and servers.
Microsoft Corp late Thursday said its quarterly profit climbed as revenue rose 12 percent, driven by demand for the company's core software products from businesses and higher sales of personal computers and servers.
Russian gas monopoly Gazprom and Spanish energy group Repsol YPF may join forces to ship super-cooled liquefied natural gas (LNG) to North American markets, Gazprom said on Friday.