India on Tuesday called on Pakistan to go through official channels with any fresh proposals on Kashmir, after Islamabad publicly offered new ideas to break the decades-old dispute. "We have heard those comments," Foreign Ministry spokesman Navtej Sarna t
India on Tuesday called on Pakistan to go through official channels with any fresh proposals on Kashmir, after Islamabad publicly offered new ideas to break the decades-old dispute. "We have heard those comments," Foreign Ministry spokesman Navtej Sarna t
The United States on Tuesday welcomed "continued dialogue" between Pakistan and India on Kashmir issue, and said that it would "encourage all interested parties" to take "a careful look" at any proposal "that could advance peace in the region." Asked to c
The United States on Tuesday welcomed "continued dialogue" between Pakistan and India on Kashmir issue, and said that it would "encourage all interested parties" to take "a careful look" at any proposal "that could advance peace in the region." Asked to c
The first quarter of the current year July-September 2004-05, registered a 22 percent increase in the cement production, 10 percent mill and non-mill cotton cloth and over 36 percent cars and jeeps production. While the auto sector was once again at the t
The first quarter of the current year July-September 2004-05, registered a 22 percent increase in the cement production, 10 percent mill and non-mill cotton cloth and over 36 percent cars and jeeps production. While the auto sector was once again at the t
The government has decided to reactivate Pak-China fertiliser plant to meet expected shortfall of urea fertiliser in the coming Rabi season. This decision was taken at a meeting with Industries Minister Jahangir Khan Tareen in the chair here on Tuesday. M
The government has decided to reactivate Pak-China fertiliser plant to meet expected shortfall of urea fertiliser in the coming Rabi season. This decision was taken at a meeting with Industries Minister Jahangir Khan Tareen in the chair here on Tuesday. M
The draft of bankable study report on Thar coal mining, submitted by a German consultant, was discussed threadbare observing that terms of reference of study were strictly adhered to. It was noted the study greatly emphasised on power plant whereas the co
The draft of bankable study report on Thar coal mining, submitted by a German consultant, was discussed threadbare observing that terms of reference of study were strictly adhered to. It was noted the study greatly emphasised on power plant whereas the co
The Central Board of Revenue (CBR) is seriously considering to enhance the powers of tax officials for the recovery of excess refund amount erroneously paid to taxpayers. The CBR has drafted three notifications giving more powers to sales tax officials an
The Central Board of Revenue (CBR) is seriously considering to enhance the powers of tax officials for the recovery of excess refund amount erroneously paid to taxpayers. The CBR has drafted three notifications giving more powers to sales tax officials an
The Central Board of Revenue (CBR) is seriously considering to enhance the powers of tax officials for the recovery of excess refund amount erroneously paid to taxpayers. The CBR has drafted three notifications giving more powers to sales tax officials an
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 external auditors of the Revenue Receipt Audit will not have the authority to raise objections pertaining to income tax returns filed under Universal Self Assessment Scheme (USAS). Sources told Business Recorder here on Tuesday that income tax
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 external auditors of the Revenue Receipt Audit will not have the authority to raise objections pertaining to income tax returns filed under Universal Self Assessment Scheme (USAS). Sources told Business Recorder here on Tuesday that income tax
Zimbabwe deported a South African trade union delegation on Tuesday after it arrived on a fact-finding trip despite orders from President Robert Mugabe's government to stay away.
British manufacturers' business confidence in the three months to October deteriorated to its weakest level since the middle of last year as input prices, particularly oil, remained high, a survey showed on Tuesday.
Shares of Google Inc hit a new high on Monday, giving the Web search leader a bigger market value than rival Yahoo Inc, as traders who had shorted the stock scrambled to buy back scarce shares after Google's better-than-expected quarterly results last wee
Kenyan coffee prices gained ground at Tuesday's auction, lifted by an improvement in quality and aggressive buying by one exporter covering a short position, traders said.
Shares of Google Inc hit a new high on Monday, giving the Web search leader a bigger market value than rival Yahoo Inc, as traders who had shorted the stock scrambled to buy back scarce shares after Google's better-than-expected quarterly results last wee
Grain exports from the French port of Rouen totalled 318,972 tonnes from October 1 to 20, comprising 277,386 tonnes of wheat and 41,586 tonnes of barley, port officials said on Tuesday.
The Russian government revised down its forecast for 2004 industrial output growth on Tuesday after a sharp slowdown in September and said inflation would overshoot its year-end target.
South Africa's embattled daily This Day will suspend publication for the rest of this week as it attempts to forge a financial rescue plan that could mean a partial sale of the paper, its chairman said on Tuesday.
The Karachi Port handled 92,243 tonnes of cargo including 71,934 tonnes import and 20,309 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Iran conservative lawmakers, who control a majority in Iran's parliament, on Tuesday introduced a bill which would force the government to resume uranium enrichment and halt snap UN inspections of nuclear facilities.
Average cocoa farmgate prices in Ivory Coast mostly rose last week, data from marketing body (BCC) showed on Tuesday, as supplies dried up during a five-day farmer strike in the world's top grower.
Bears continued to stay in the driving seat on the Islamabad Stock Exchange (ISE) where equities showed negative signs amid the decrease in the ISE index. The ISE network index was down by 95.43 points as the rate-based indicator moved from 11,581.87 to 1
Spot corn basis bids were steady to weaker in the interior US Midwest early Tuesday as the harvest brought fresh supplies to elevators, but soyabean bids firmed on a lack of movement, dealers said.
Bears continued to stay in the driving seat on the Islamabad Stock Exchange (ISE) where equities showed negative signs amid the decrease in the ISE index. The ISE network index was down by 95.43 points as the rate-based indicator moved from 11,581.87 to 1
Despite cut in badla rates, equities eroded their values across the board amid selling pressure on the Lahore Stock Exchange (LSE) mainly on account of lack of buying support. The LSE-25 index fell by 51.91 points, closing at 2669.58 against 2721.49 of Mo
Prices of low grown Sri Lankan teas reached a record high at this week's auction on good demand, but high grown tea prices were mixed, brokers said on Tuesday.
Despite cut in badla rates, equities eroded their values across the board amid selling pressure on the Lahore Stock Exchange (LSE) mainly on account of lack of buying support. The LSE-25 index fell by 51.91 points, closing at 2669.58 against 2721.49 of Mo
Pakistani rice export prices are likely to slip in the coming weeks because of the bigger crop size and dealers said on Thursday that exporters aim to boost their sales by targeting new markets.
The National Assembly minus opposition on Tuesday passed the bill, seeking to enhance punishment for Karo-Kari (honour killing). However, a government ally pointed out certain lacunae. Though the clause-by-clause reading of the bill was completed on Monda
The National Assembly minus opposition on Tuesday passed the bill, seeking to enhance punishment for Karo-Kari (honour killing). However, a government ally pointed out certain lacunae. Though the clause-by-clause reading of the bill was completed on Monda
The National Assembly minus opposition on Tuesday passed the bill, seeking to enhance punishment for Karo-Kari (honour killing). However, a government ally pointed out certain lacunae. Though the clause-by-clause reading of the bill was completed on Monda
Kenyan sugar output rose by 29 percent in the first six months of 2004 against the same period last year, as measures initiated by the government to reform the industry paid off, President Mwai Kibaki said on Tuesday.
Foreign Minister Khurshid Mahmud Kasuri on Tuesday said Malaysia and Pakistan have agreed to start negotiations for free trade agreement. He stated this while addressing a press conference at the end of a two-day Malaysia-Pakistan Joint Commission meeting
Thai sugar premiums are expected to remain steady this week, with exporters keen to strike deals for 2005 shipment ahead of the harvest next month, traders said.
Foreign Minister Khurshid Mahmud Kasuri on Tuesday said Malaysia and Pakistan have agreed to start negotiations for free trade agreement. He stated this while addressing a press conference at the end of a two-day Malaysia-Pakistan Joint Commission meeting
Selling in Pakistan Telecommunication on rumours that profit numbers would be lower created panic among investors, and the KSE index suffered widespread selling in the scrip, resulting in heavy causalities on Tuesday. The KSE-100 declined by 77.77 points,
Selling in Pakistan Telecommunication on rumours that profit numbers would be lower created panic among investors, and the KSE index suffered widespread selling in the scrip, resulting in heavy causalities on Tuesday. The KSE-100 declined by 77.77 points,
The state-run Taiwan Sugar Corp sealed a deal for 35,000 tonnes of raw sugar from Queensland Sugar Ltd on Tuesday and was close to sealing a deal for 34,000 tonnes of white sugar with another supplier, said traders.
The National Electric Power Regulatory Authority (Nepra) has increased power tariff for the consumers of Faisalabad Electric Supply Company (Fesco). However, domestic consumers using up to 200 and above 1000 units have been exempted from this hike. Nepra,
The National Electric Power Regulatory Authority (Nepra) has increased power tariff for the consumers of Faisalabad Electric Supply Company (Fesco). However, domestic consumers using up to 200 and above 1000 units have been exempted from this hike. Nepra,
Kazakhstan's grain exports in 2004/05 are likely to total only 3.0 million tonnes, far below forecasts of 5.0 million, a Kazakh agriculture ministry official said on Tuesday.
The Commerce Ministry has authorised Trading Corporation of Pakistan (TCP) to float a tender for export of 20,000 bales cotton, TCP Chairman Masood Alam Rizvi told Business Recorder here on Tuesday. After attending the third meeting of the inter-mi
The Commerce Ministry has authorised Trading Corporation of Pakistan (TCP) to float a tender for export of 20,000 bales cotton, TCP Chairman Masood Alam Rizvi told Business Recorder here on Tuesday. After attending the third meeting of the inter-mi
Pakistan International Airlines (PIAC) posted an after-tax loss of Rs 386 million in the third quarter ended September 30, 2004, because of higher oil prices. According to the statement of PIAC, the board of directors of the airline met on Tuesday to anno
Ukraine's farms are likely to increase the area for the 2005 sunseed crop to up to 4.5 million hectares from 3.8-4.0 million in 2004, analysts said on Tuesday.
Pakistan International Airlines (PIAC) posted an after-tax loss of Rs 386 million in the third quarter ended September 30, 2004, because of higher oil prices. According to the statement of PIAC, the board of directors of the airline met on Tuesday to anno
Pakistan International Airlines (PIAC) posted an after-tax loss of Rs 386 million in the third quarter ended September 30, 2004, because of higher oil prices. According to the statement of PIAC, the board of directors of the airline met on Tuesday to anno
SovEcon forecasts Russia's sunseed production in 2004 at 4.3-4.55 million tonnes, in line with late September forecast of 4.25-4.6 million tonnes and down from 4.87 million tonnes last year.
The inter-ministerial committee on cotton (ICC) on Tuesday turned down the proposal for increase in Trading Corporation of Pakistan (TCP) lint price by Rs 50 per 40 kg, it is learnt. Sources said the committee was of the view that any upward revision in T
Coffee trading in Vietnam, the world's biggest robusta producer and exporter, has been slow in the past week as buyers await lower prices as the harvest peaks next month, traders said on Tuesday.
The inter-ministerial committee on cotton (ICC) on Tuesday turned down the proposal for increase in Trading Corporation of Pakistan (TCP) lint price by Rs 50 per 40 kg, it is learnt. Sources said the committee was of the view that any upward revision in T
Comex copper futures closed lower on Monday, recovering a bit from session lows but holding in the loss column under pressure from fund selling and strong oil prices, traders said.
At least 84 Thai Muslims died - mainly from suffocation in the back of packed security force trucks - after police and troops broke up a violent demonstration in the kingdom's troubled south, Thai officials said on Tuesday. Most of the victims suffocated
Gold futures in New York hit a 16-year high on a closing basis on Monday as investors bought the safe-haven metal due to an ailing dollar, soaring oil prices and uncertainty over the US presidential election, dealers said.
At least 84 Thai Muslims died - mainly from suffocation in the back of packed security force trucks - after police and troops broke up a violent demonstration in the kingdom's troubled south, Thai officials said on Tuesday. Most of the victims suffocated
Tokyo gold futures backed off on Tuesday as the spot price ran out of steam after the dollar regained some ground versus the yen and as oil prices fell from record highs, but sentiment for the yellow metal stayed bullish.
Pakistan on Tuesday said both Islamabad and New Delhi will have to show flexibility in their rigid stated positions to move forward towards lasting resolution of Kashmir issue to ensure durable peace in South Asia.
Gold was mostly steady in Asia on Tuesday, taking a breather before another expected attempt at a 16-year high above $430, helped by the weak US dollar and high oil prices, traders said.
Sindh Chief Minister Dr Arbab Ghulam Rahim along with Krishan Chand Parwani called on Prime Minister Shaukat Aziz on Tuesday at the Prime Minister House.
China's copper futures contracts ended down sharply on Tuesday as steep losses on the London Metal Exchange overwhelmed a shortfall of the metal on the domestic market, traders said.
Israel's divided parliament on Tuesday approved Prime Minister Ariel Sharon's US-backed plan to withdraw from the occupied Gaza Strip and parts of the West Bank.
Nine people were killed and five others injured when a tribal Jirga came under rocket fire in Spin Kairaghzai area, South Waziristan Agency, PTV reports. "The Jirga was on a peace mission in the area," Inter Services Public Relations (ISPR) Director-Gener
Nine people were killed and five others injured when a tribal Jirga came under rocket fire in Spin Kairaghzai area, South Waziristan Agency, PTV reports. "The Jirga was on a peace mission in the area," Inter Services Public Relations (ISPR) Director-Gener
NYBOT raw sugar futures crumbled from late fund selling to finish on Monday near a one-month low, with follow-through sales seen nudging the market lower in the days ahead, brokers said.
The Kashmiri leaders on Tuesday welcomed as "path-breaking" and "positive" a raft of fresh proposals by President Pervez Musharraf to resolve the Kashmir dispute. Musharraf late on Monday called for a national debate on ways to end the dispute between Pak