The Javedan Cement Ltd (JCL) has reduced price of ordinary Portland cement (OPC) by Rs 3 to Rs 235 per bag of 50 kg from June 10, 2005 to pass on benefit of low-production cost to the consumers. Managing Director JCL Aslam Chandio said here, on Wednesday
The Javedan Cement Ltd (JCL) has reduced price of ordinary Portland cement (OPC) by Rs 3 to Rs 235 per bag of 50 kg from June 10, 2005 to pass on benefit of low-production cost to the consumers. Managing Director JCL Aslam Chandio said here, on Wednesday
The structural reforms carried out by the government over the years and consistency in economic policies have created an investment friendly climate in the country, which offers level playing field to all investors. This was stated by Prime Minister Shauk
Heavy flood in rivers Swat and Kabul has inundated two villages in district Peshawar, displacing around 150 people and destroyed standing crops over a large area. Troops have been deployed in the area to help the affected people and shift them to safe pla
A long-awaited decision on management changes at top European aerospace firm EADS is imminent, a senior German official said on Wednesday, though French sources cautioned the talks had not been completed yet. "The point in time is now favourable to expect
Europe should reduce its energy consumption by 20 percent by 2020 through more efficient technology, the EU executive Commission said on Wednesday, helping cut dependency on oil and meet climate change targets. EU Energy Commissioner Andris Piebalgs said
Turkey's troubled Cukurova Group agreed a $3.3 billion financing with Alfa Telecom that may hand the Russian firm a stake in its lucrative arm Turkcell, after it ditched a deal with TeliaSonera. The agreement announced on Wednesday gives Alfa an option to
Turkey's troubled Cukurova Group agreed a $3.3 billion financing with Alfa Telecom that may hand the Russian firm a stake in its lucrative arm Turkcell, after it ditched a deal with TeliaSonera. The agreement announced on Wednesday gives Alfa an option to
US investment bank Morgan Stanley on Wednesday said quarterly profit dropped 24 percent on sharply lower trading and underwriting, and fell short of its forecast last week due to costs from Parmalat SpA litigation. The banking, brokerage and credit card c
US investment bank Morgan Stanley on Wednesday said quarterly profit dropped 24 percent on sharply lower trading and underwriting, and fell short of its forecast last week due to costs from Parmalat SpA litigation. The banking, brokerage and credit card c
British firms could be fined for employing illegal immigrants under new plans to revamp controls on people entering the country. In the Immigration, Asylum and Nationality Bill, published on Wednesday, are proposals to fine employers up to 2,000 pounds ($
Expectations of a Bank of England interest rate cut shot up on Wednesday after news that, for the first time in two years, two policymakers had called for lower borrowing costs. Short sterling interest futures recorded their biggest jump since February 20
Bear Stearns Cos, a Wall Street investment bank, on Wednesday said it faces a possible US Securities and Exchange Commission enforcement action and fine over improper mutual fund trading.
Bears continued to stay in the driving seat at the Islamabad Stock Exchange (ISE) where equities showed minus signs amid decrease in index. ISE Network Index showed a decrease of 58.40 points as the rate-based indicator moved from 11,624.74 to 11,566.34 p
Bears continued to stay in the driving seat at the Islamabad Stock Exchange (ISE) where equities showed minus signs amid decrease in index. ISE Network Index showed a decrease of 58.40 points as the rate-based indicator moved from 11,624.74 to 11,566.34 p
Downward trend continued on the Lahore Stock Exchange (LSE) for the second consecutive session on account of profit-taking in key chips, especially in petroleum stocks, which forced the index to close in negative zone.
Downward trend continued on the Lahore Stock Exchange (LSE) for the second consecutive session on account of profit-taking in key chips, especially in petroleum stocks, which forced the index to close in negative zone.
Equities for the second consecutive session on Wednesday registered decline, wiping early morning gains and forcing seasoned investors to stay away from the rings, sliding the daily volume by almost half. The KSE-100 index depicted a fall of 80.64 point,
Equities for the second consecutive session on Wednesday registered decline, wiping early morning gains and forcing seasoned investors to stay away from the rings, sliding the daily volume by almost half. The KSE-100 index depicted a fall of 80.64 point,
Equities for the second consecutive session on Wednesday registered decline, wiping early morning gains and forcing seasoned investors to stay away from the rings, sliding the daily volume by almost half. The KSE-100 index depicted a fall of 80.64 point,
NWFP Assembly on Wednesday commenced debate on 2005-06 provincial budget with demand for the immediate announcement of Sixth National Finance Commission (NFC) Award and payment of outstanding amounts against Wapda under the head of net profit on hydel pow
The Water and Power Development Authority (Wapda) has formally endorsed the name of Justice Ajmal Mian (Retd) as chairman, Arbitration Tribunal, which would resolve the dispute on National Hydel Profit (NHP) between the utility and NWFP, it is reliably le
President General Pervez Musharraf and Prime Minister Shaukat Aziz at a meeting here on Wednesday reviewed geopolitical environment, law and order and budgetary measures for the next financial year. They expressed satisfaction over the fact that foreign d
President General Pervez Musharraf and Prime Minister Shaukat Aziz at a meeting here on Wednesday reviewed geopolitical environment, law and order and budgetary measures for the next financial year. They expressed satisfaction over the fact that foreign d
President General Pervez Musharraf and Prime Minister Shaukat Aziz at a meeting here on Wednesday reviewed geopolitical environment, law and order and budgetary measures for the next financial year. They expressed satisfaction over the fact that foreign d
An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
Vice Commissioner Kashgar Administration and leader of Chinese team participating in "My Karachi" exhibition, Chen Ji hoped that the fair would become a good platform to explore business opportunities. Addressing a joint press conference with President Ka
InvestCapital and Securities (Pvt) Ltd received the 'Best Equity Brokerage House in Pakistan' award for 2003-04 from the CFA Association of Pakistan. It had received the same price in 2002-03 also. Dr Ishrat Hussain, Governor, State Bank of Pakistan, pres
Paktel cellular service provider has entered into an agreement with a specialised NGO, "Pakistan Aquatic Life Saving" (PALS) to provide and assist beach rescue services. The experts from New Zealand have imparted training to some 150 lifeguards mostly bel
Fifteen people were injured in a grenade blast triggered by alleged mujahideen in Indian occupied Kashmir while Indian occupation troops shot dead two mujahideen near the de facto border with Pakistan, officials said on Wednesday.
The government on Wednesday allowed commercial import of raw sugar through sea and land routes from any country, with the hope that the measure would help catch the upward trend in sugar prices. Commercial importers will be free to import sugar of any acu
The government on Wednesday allowed commercial import of raw sugar through sea and land routes from any country, with the hope that the measure would help catch the upward trend in sugar prices. Commercial importers will be free to import sugar of any acu
The government on Wednesday allowed commercial import of raw sugar through sea and land routes from any country, with the hope that the measure would help catch the upward trend in sugar prices. Commercial importers will be free to import sugar of any acu
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 State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
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 State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
The State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
US Midwest spot river basis bids for corn and soyabeans were firmer Wednesday while bids at interior locations stayed steady amid weak sales, dealers said. Farmers were not selling corn or soyabeans because they believed dry conditions in the eastern Midw
The State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
The Karachi Port handled 97,629 tonnes of cargo including 77,845 tonnes import and 19,784 tonnes export cargo including 3,330 containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 65,132 tonnes dry cargo including 37,30
The landmark achievement of over $1 billion in foreign direct investment (FDI) has been successfully realised. The FDI figures for the period July 2004 to May 4, 2005 stood at $1,029.7 billion as compared to $902.8 million for the corresponding period of
Kenya's coffee prices firmed at this week's auction, helped by increased demand for the small amount of coffee available at the auction due to the end of the main harvest season, traders said on Tuesday. Most of the coffee was of low quality.
The landmark achievement of over $1 billion in foreign direct investment (FDI) has been successfully realised. The FDI figures for the period July 2004 to May 4, 2005 stood at $1,029.7 billion as compared to $902.8 million for the corresponding period of
US Plains spot hard red winter wheat basis bids were mostly steady on Wednesday morning as clear weather allowed widespread combining in Kansas after recent rain delays, merchandisers said. Harvest movement was building, but farmer selling was scattered a
The landmark achievement of over $1 billion in foreign direct investment (FDI) has been successfully realised. The FDI figures for the period July 2004 to May 4, 2005 stood at $1,029.7 billion as compared to $902.8 million for the corresponding period of
Brazil's 2005/06 (May/April) cocoa arrivals from Bahia and other states totalled 953,254 60-kg bags by June 19, up 258 percent from 265,970 bags a year ago, Bahia Commercial Association said Wednesday. Bahia state, Brazil's main cocoa producer, delivered
Besides taking serious note of the undeclared loadshedding, the National Assembly Standing Committee on Water and Power on Wednesday, directed the Water and Power Development Authority (Wapda) to reduce its electricity tariffs for providing some relief to
Pakistan's edible oil imports have been slow over the past week because of sufficient domestic stocks and rising international prices, but dealers said on Wednesday imports could rise in coming weeks. "The demand locally is not very high, and most of the
Afghan and US troops backed by warplanes blasted Taleban hideouts for a second day on Wednesday, killing scores of militants in one of the bloodiest setbacks for the guerrillas since their 2001 overthrow, officials said. General Mohammad Ayoub Salangi, th
Thai rice futures ended lower on Wednesday as investors, expecting prices to drop further, offset July contracts and took short-sale positions on deferred contracts, brokers said. Overall volume rose as 137 contracts of 5 percent white rice were traded co
Afghan and US troops backed by warplanes blasted Taleban hideouts for a second day on Wednesday, killing scores of militants in one of the bloodiest setbacks for the guerrillas since their 2001 overthrow, officials said. General Mohammad Ayoub Salangi, th
US FOB Gulf corn basis offers were firm on Tuesday amid export demand and a slowdown in farmer selling, while soyabeans were steady, traders said. Barge freight bids were lower at St. Louis on the lower Mississippi River and steady on the Ohio and Illinoi
Firmly scotching rumours of postponement, the government declared on Wednesday that the local bodies elections would be held as planned, and the schedule for elections would be announced soon by the Election Commission. The announcement followed the meeti
Wheat futures on the Chicago Board of Trade ended down on Tuesday, led lower by a late profit-taking break in soya, traders said. CBOT wheat closed 1 to 4 cents per bushel lower. July was down 4 at $3.35 per bushel. Wheat futures Tuesday traded on both si
Firmly scotching rumours of postponement, the government declared on Wednesday that the local bodies elections would be held as planned, and the schedule for elections would be announced soon by the Election Commission. The announcement followed the meeti
Indian soyabean and soyaoil futures climbed on Wednesday, amid concern about crops following a delay in rains in the major growing region and higher global futures. Sugar dropped for the third consecutive day as the monsoon spread to western regions from
Easier trend persisted on the forward cottonseed oilcake market on Wednesday as leading buyers kept on the sidelines in the absence of fresh leads, they said. The July vaida commenced with no change at Rs 439.60. In the process of trading, it gained 20 pa
Higher trend in the cotton prices discouraged the buyers on the local market on Wednesday as both the TCP and ginners were not inclined to lower the rates, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2275, wit
Upward trend was seen on the grain market on Wednesday as some items tended higher on tight supply position, dealers said. On the cereals side, Moong Punjab quoted higher at Rs 2750-2815.