Bulls failed to snatch the floor from the bears at the Islamabad Stock Exchange (ISE) where selling pressure intensified in hot favourites amid decrease in index. The ISE Network index was down by 95.42 points as the composite index moved from 11,044.32 t
Bulls failed to snatch the floor from the bears at the Islamabad Stock Exchange (ISE) where selling pressure intensified in hot favourites amid decrease in index. The ISE Network index was down by 95.42 points as the composite index moved from 11,044.32 t
Bearish trend continued to prevail on the Lahore Stock Exchange (LSE) where equities registered more losses mainly on account of lacking interest on the part of institutions as well as potential investors.
Bearish trend continued to prevail on the Lahore Stock Exchange (LSE) where equities registered more losses mainly on account of lacking interest on the part of institutions as well as potential investors.
The BMA-PGBI yield witnessed a 35 pps decline and its value increased by 0.03% to close at 98.0892. Few tenors on the yield curve witnessed a 1 basis point decline on account of price checking in the market, but otherwise, very little activity took place.
The cost of shipping goods and commodities through the Malacca Strait will be minimal despite a new "war risk" rating given to the strategic Asian sealane, a leading insurer said on Thursday.
The BMA-PGBI yield witnessed a 35 pps decline and its value increased by 0.03% to close at 98.0892. Few tenors on the yield curve witnessed a 1 basis point decline on account of price checking in the market, but otherwise, very little activity took place.
The Bush administration is asking China to negotiate a long-term agreement limiting the amount of clothing Chinese companies can ship to the United States, the US Trade Representative's office said on Thursday.
The BMA-PGBI yield witnessed a 35 pps decline and its value increased by 0.03% to close at 98.0892. Few tenors on the yield curve witnessed a 1 basis point decline on account of price checking in the market, but otherwise, very little activity took place.
Dutch financial group ING reported a 6.7 percent fall in quarterly net profit with unexpected provisions in Taiwan and weak life insurance results in the Netherlands disappointing investors.
Dutch financial group ING reported a 6.7 percent fall in quarterly net profit with unexpected provisions in Taiwan and weak life insurance results in the Netherlands disappointing investors.
British Airways (BA) said Thursday it had cancelled all its flights from Heathrow Airport near London after 1,000 staff stopped work to protest against the sacking of fellow workers by a US-owned catering firm.
Various options are being considered to downsize Pakistan International Airlines (PIA) in order to run the national carrier on commercial basis and give it a real corporate look, a well placed source in the PIA told the Business Recorder here on Th
Various options are being considered to downsize Pakistan International Airlines (PIA) in order to run the national carrier on commercial basis and give it a real corporate look, a well placed source in the PIA told the Business Recorder here on Th
Various options are being considered to downsize Pakistan International Airlines (PIA) in order to run the national carrier on commercial basis and give it a real corporate look, a well placed source in the PIA told the Business Recorder here on Th
Unidentified gunmen shot dead a businessman in suspected sectarian violence in Quetta, sparking protests by hundreds of people, police said on Thursday. Syed Anwar Shah, 48, was returning home after closing his shop late on Wednesday when the assailants u
More than 110 villages of three districts Layyah, Khushab and Bhakkar have been declared as calamity hit areas, which were badly affected by the recent floods. According to an official source, farmers of these three districts have been exempted from Malia
Prime Minister Shaukat Aziz on Thursday invited Japanese tourists to visit the scenic land of exotic beauty and a rich cultural heritage in Pakistan to promote closer links between the two countries.
Senator Ilyas Ahmad Bilour-led Businessmen Forum has once again achieved majority after success of its five candidates as unopposed to the Sarhad Chamber of Commerce & Industry (SCCI) executive committee. The SCCI executive committee comprised of 22 membe
The occurrence of diarrhea and other abdominal diseases is on the rise in city mainly on account of using contaminated water. According to Pakistan Society of Family Physicians President Dr Aftab Iqbal Sheikh, the intensity of problem could not be quantif
The Pakistan National Committee of the International Chamber of Commerce (ICC Pakistan) in collaboration with the ICC International Court of Arbitration is hosting a one-day ICC Arbitration Conference "The Right Formula: International Arbitration" on Nove
The Lubricant Business Society of Pakistan (LBSP) managing committee met here recently. In the meeting M. Qaiser Jamal relinquished his charge as the chairman and reposed his full confidence in Kalim A. Siddiqui to be the most capable individual to take o
The foreign exchange reserves during the week ended on August 6, decreased by $94.1 million to close at $12,514.9 million, State Bank of Pakistan (SBP) announced here on Thursday.
A two-member bench of the Supreme Court headed by Justice Muhammad Nawaz Abbasi on Thursday heard the appeal filed by an APP employee Ilyas Bhatti against the judgement of Federal Services Tribunal (FST).
The National Tariff Commission (NTC) on Thursday initiated an anti-dumping investigation against alleged dumping of Phthalic Anhydride (PA) into Pakistan by Indian exporters.
The Central Board of Revenue (CBR) has devised a procedure for the collectors of sales tax to ascertain the quantitative entitlement of inputs/raw materials imported by the vendors/manufacturers at concessional rate of customs duty for subsequent use in t
The National Assembly standing committee on law, justice and human rights on Thursday failed to evolve consensus on the draft of Law Reforms Bill, 2005. One of the members privy to the meeting informed Business Recorder that lawmakers have expresse
A two-member Asian Development Bank (ADB) mission led by Llyod Powell, Reform Implementation Specialist, called on Adviser to the Prime Minister on Finance Dr Salman Shah at the Finance Ministry here, on Thursday. The meeting reviewed the policy and struc
The Central Board of Revenue (CBR) has taken precautionary measures to ensure issuance of sales tax refund to the extent of genuine admissible limit and devised a methodology to control refund claims filed on the basis of fake sales tax invoices.
A six-member delegation of Commonwealth Observers on Thursday visited Election Commission of Pakistan (ECP) in connection with the local government elections.
The current account swung sharply into deficit in the 2004-05 fiscal year, official data showed on Thursday, a result analysts said was due to high oil prices and accelerating growth raising demand for imports.
Expressing that there was no threat to the unity of G-20, India said on Thursday the group of developing countries formed to address common concerns in the WTO would hold its ministerial meeting in Pakistan next month. "G-20 hasn't lost focus. Our bonds a
Instaphone, one of country's oldest mobile service providers, is bringing in the next generation cellular communications solutions in the market, said a press release on Thursday. The introduction of these new standards of technology by Instaphone will gi
Five task forces have been set up to regulate induction and promotions in the banking profession. These are on recruitment and training, performance management, compensation and profits and remuneration. State Bank of Pakistan (SBP) Governor Dr Ishrat Hus
A total of one hundred and fifty persons committed suicide in the country during June 24 to July 24, according to a report carried in the journal of the Human Rights Commission of Pakistan for the current month.
First water purification plant, installed by District Government Hyderabad with the collaboration of RCC Consultants and So-Safe Water Technologies at Fort area was inaugurated by Waseem Akhtar, Adviser to Sindh Chief Minister for Local Government, on Thu
The Proctor & Gamble (P&G) Pakistan on Thursday announced the launch of its new Pantene Anti-Hair Fall shampoo. The new technology is designed to reduce up to 50 percent hair fall due to breakage. Announcing the launch of the new variant, P&G Pakistan Ass
Indian Occupied Kashmir's top woman politician and Peoples Democratic Party (PDP) chief Mehbooba Mufti has appealed to Pakistan President Pervez Musharraf on Thursday to help bring peace to the Indian Occupied Kashmir (IOK) by persuading freedom fighters
The privatisation commission has received 17 Expressions of Interest (EoIs) for sale of land in blocks 'A' & 'B' owned by the Pakistan Engineering Company Limited (Peco), at Badami Bagh, Lahore on "as is where is basis" through competitive bidding process
The Information Technology Ministry has approved Rs 8.4 million for complete automation of local administration offices. "The project aims at providing e-services to all the offices of local administration officials, including assistant and deputy commiss
Punjab University Law College has decided to start 5-year BA LLB (Hons) programme from September this year. The decision was taken in a meeting of Board of Studies in Law chaired by vice-chancellor Arshad Mahmood here on Thursday.
Federal Health Minister Naseer Mohammad Khan has said that the polio virus would be eradicated from the country by the end of the current calendar year. "A decade ago, Pakistan has 20,000 polio cases, which has now come down to only 12 this year.
Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon said on Thursday that Pakistan was endowed with vast Hydrocarbon resources and Hydrocarbon Development Institute of Pakistan (HDIP) should be strengthened to introduce and promote
Nokia's brand value was assessed at 26.45 billion dollar in 2005, 105 higher than the 24.04 billion dollar valuation for 2004. The Business Week study ranking the world's top 100 brands only looked at companies that met certain criteria, ie having a brand
The Election Commission (EC) has received complaints against provincial and federal ministers, including National Assembly speaker, for alleged involvement in violating the "Code of Conduct" for local bodies elections.
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
The All Parties Conference (APC) on Thursday accused the rulers of using fascist machinations to get elected favourites, depriving the opposition of bagging bulk of the local bodies' seats.
The ruling Pakistan Muslim League (Q) and its allies in the government are accused of utilising state resources to help their candidates win in the upcoming local body polls. Secretary General of the Punjab Alliance for Restoration of Democracy (ARD) Punj
Chief Election Commissioner Justice Abdul Hameed Dogar said on Wednesday the interference of the government functionaries would not be tolerated in the Local Government (LG) election.
The University of Health Sciences (UHS) has earned international recognition, as World Health Organisation (WHO) is in the process of designating UHS as its collaborating center for medical education, research and training.
China welcomed the decision taken by Pakistan and India to uphold cease-fire at the Line of Control (LoC), desist from setting up new posts in Kashmir and maintain agreement on airspace violations.
The Pakistan Muslim League-Nawaz (PML-N), slamming the police raid on election office of PML-N backing candidates and arrest of two leaders Rana Mehmood-ul-Hassan, MNA and Rao Anis-ur-Rehman from there, termed the mishandling a move to keep the opposition
Big crowds were seen on the stall of LT Engineering, the pioneer of Optical Fiber Technology in Pakistan. The company has saved the country million of dollars worth of foreign exchange by substituting imports of Optical Fiber Cable. It has established Opt
Lahore Chamber of Commerce and Industry (LCCI) in collaboration with Collectorate of Sales Tax and Central Excise Lahore arranged a marathon three-hour long session with manufacturers, importers and other businessmen to discuss the implementation of post
The Lahore High Court (LHC) has allowed one Rana Sajjad Munir to contest election for the office of nazim in Toba Tek Singh, and observed that a defaulter could not be stopped from contesting poll until a court did not issue decree against him.
Chief Election Commissioner of Pakistan (CEC) Justice Abdul Hameed Dogar has directed that the District Returning Officers (DROs) must ensure secrecy of the ballot to reflect impartiality and transparency in the forthcoming conduct of the Local Government