Tokyo gold futures eased on Monday on profit-taking after reaching fresh 2-1/2 week highs, but sentiment was bullish as receding prospects of aggressive credit tightening in the United States drew bids on price dips.
The President of the Asian Development Bank, Haruhiko Kuroda, on Monday while appreciating Pakistan's economic growth, said the bank would increase its development funding by up to 50 percent, raising it to 3.72 billion dollars in next three years.
Copper held firm near London closing levels in Asia on Monday as funds were keen to shift into the red metal due to a weaker dollar and recent falls in US interest rates, with concerns over tight supplies growing again.
The President of the Asian Development Bank, Haruhiko Kuroda, on Monday while appreciating Pakistan's economic growth, said the bank would increase its development funding by up to 50 percent, raising it to 3.72 billion dollars in next three years.
Chinese copper futures rose with firm London Metal Exchange futures on Monday, but uncertainty over domestic demand kept gains muted. Lower warehouse stocks in Shanghai and the expectations of decreased imports in August, combined with factories' return t
The President of the Asian Development Bank, Haruhiko Kuroda, on Monday while appreciating Pakistan''s economic growth, said the bank would increase its development funding by up to 50 percent, raising it to 3.72 billion dollars in next three years.
The Karachi Port handled 234,852 tonnes of cargo including 204,632 tonnes import and 30,220 tonnes export cargo including 1,613 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.
A special campaign to check water theft would be launched in rice growing areas jointly by the Agriculture and Irrigation Departments with the assistance of local police. Punjab Secretary Agriculture Fayyaz Bashir stated this while presiding over a meetin
Singapore bunker prices fell on Monday, in line with lower cargo values and weaker global crude benchmarks. Prices for 380-centistoke (cst) bunker fuel were pegged at $322-$324 a tonne, down $13.50 from Friday.
Preparations are in full swing for the second Annual South Asia Mobiles (SAM) 2005 Summit to be held in Islamabad from September 08, said an announcement here on Monday.
August's rainy weather has lowered the quality of Hungary's sugar crop but warm early September days will improve the crop and keep refined sugar output on target, the sugar association CIE said.
President and CEO Canada-Pakistan Technology & Business Forum (CPTBF), Iqbal Imam arriving in Pakistan on September 8, will visit several trade organisations and chambers here to promote trade ties between the two friendly countries.
Asia-focused bulk shipping line Pacific Basin Shipping Ltd said on Monday that its net profit nearly doubled in the first half as regional trade grew and freight rates increased.
It has been proved during the inquiry of Chief Minister's Inspection Team (CMIT) that a patient of Mental Hospital, Rashid Ahmed, died due to torture of a ward boy and lack of professional skills in the management of the patient by the doctor on duty.
Asia-focused bulk shipping line Pacific Basin Shipping Ltd said on Monday that its net profit nearly doubled in the first half as regional trade grew and freight rates increased.
The dairy sector can grow from currently Rs 30 billion to Rs 100 billion in five years, according to a survey conducted by Small and Medium Enterprise Development Authority (Smeda).
A cold weather system will bring showers to Brazil's south eastern coffee belt this week, independent meteorologists Somar said on Monday. South Minas will receive between 30 and 40 millimeters of rain on Monday and Tuesday and most coffee areas will have
The dairy sector can grow from currently Rs 30 billion to Rs 100 billion in five years, according to a survey conducted by Small and Medium Enterprise Development Authority (Smeda).
Turkish steelmaker Erdemir posted on Monday a 10.7 percent fall in consolidated net profit in the first half of 2005 due to lower profits in its affiliated iron and steel maker Iskenderun Demir Celik.
The dairy sector can grow from currently Rs 30 billion to Rs 100 billion in five years, according to a survey conducted by Small and Medium Enterprise Development Authority (Smeda).
Turkish steelmaker Erdemir posted on Monday a 10.7 percent fall in consolidated net profit in the first half of 2005 due to lower profits in its affiliated iron and steel maker Iskenderun Demir Celik.
Prime Minister Shaukat Aziz will inaugurate Pakistan single country exhibition at Kaula Lumpur in Malaysia on 1st October 2005. Export Promotion Bureau (EPB) Gujranwala Deputy Director Rehmat ur Rehman stated this while talking about steps taken by the go
Bahrain officially opened on Monday a $1.7 billion production line at Aluminium Bahrain (Alba) that raises production capacity by 307,000 tonnes per year.
Prime Minister Shaukat Aziz will inaugurate Pakistan single country exhibition at Kaula Lumpur in Malaysia on 1st October 2005. Export Promotion Bureau (EPB) Gujranwala Deputy Director Rehmat ur Rehman stated this while talking about steps taken by the go
India's Essar Steel Ltd is close to acquiring a 2.5-million-tonne steel mill from South Korea's INI Steel unit of Hyundai, the Times of India paper reported on Monday. Essar, India's second-biggest private steel maker, would acquire two units from INI Ste
Prime Minister Shaukat Aziz will inaugurate Pakistan single country exhibition at Kaula Lumpur in Malaysia on 1st October 2005. Export Promotion Bureau (EPB) Gujranwala Deputy Director Rehmat ur Rehman stated this while talking about steps taken by the go
Ukraine has started the 2005 sugar beet processing and plans to produce in September the first 300,000 tonnes of white sugar from beet, Farm Minister Oleksander Baranivsky said on Monday. They also said the country was likely to harvest about 17 million t
Pakistan has sent thousands of troop reinforcements to its western border to help choke off a Taleban-led insurgency in the weeks running up to Afghanistan's September 18 parliamentary elections, a military spokesman said.
Chinese demand for spot copper is inching up after summer slowdowns, but some plants that buy refined copper to make products are holding down output because of high metal prices, traders said on Monday.
Pakistan has sent thousands of troop reinforcements to its western border to help choke off a Taleban-led insurgency in the weeks running up to Afghanistan's September 18 parliamentary elections, a military spokesman said.
European Union sugar experts may decide later this week exactly how much to cut next year's quota production to avoid a massive exportable surplus that has built up over the last season, officials said on Monday.
India will cut troop levels in occupied Kashmir if violence and infiltration from Pakistan stops, the prime minister's office said on Monday after a landmark meeting with moderate Kashmiri leaders.
European physical copper premiums were softer this week, weighed by soaring underlying prices and slack demand, dealers said on Monday. Traders said warrants for copper in warehouse in Rotterdam carried a premium of around $10/20 a tonne above the London
India will cut troop levels in occupied Kashmir if violence and infiltration from Pakistan stops, the prime minister's office said on Monday after a landmark meeting with moderate Kashmiri leaders.
London's robusta coffee futures fell on Monday in slim volume as the closure of the US markets for Labour Day and uncertainty over damage to coffee stocks in New Orleans curbed trade, dealers said.
The Central Board of Revenue (CBR) has issued new procedure of book keeping for cigarette manufacturers under 'self-clearance mechanism' through Federal Excise General Order No 3 of 2005 here on Monday.
The European Union has opened a tender for subsidised exports of 400,000 tonnes of oats held in intervention storage in Finland and Sweden, its Official Journal said on Monday.
The Central Board of Revenue (CBR) has issued new procedure of book keeping for cigarette manufacturers under 'self-clearance mechanism' through Federal Excise General Order No 3 of 2005 here on Monday.
Russia has harvested 65.8 million tonnes of grain by bunker weight so far this season, 2.0 million tonnes more than a year ago, the Agriculture Ministry said on Monday.
The Central Board of Revenue (CBR) has issued new procedure of book keeping for cigarette manufacturers under ''self-clearance mechanism'' through Federal Excise General Order No 3 of 2005 here on Monday.
Ukraine is likely to export between eight and 10 million tonnes of grain in the 2005/06 season compared with the previous estimate of about 10 million, Ukraine's Farm Minister Oleksander Baranivsky said on Monday. "We are able to export eight to 10 millio
The Central Board of Revenue (CBR) has issued new procedure of book keeping for cigarette manufacturers under ''''self-clearance mechanism'''' through Federal Excise General Order No 3 of 2005 here on Monday.
South Korea's state-run mining company, Korea Resources, will sign a preliminary agreement with its Mexican counterpart to exchange information and technology in the minerals exploration field, the Korean firm said on Monday.
The government is likely to modify the language of shareholders agreement (SHA) with Etisalat to bring it in line with Islamic financing for acquisition of PTCL 'B' shares, sources told Business Recorder.
Argentine export commitments of 2004/05 wheat totalled 10.075 million tonnes by September 2, up slightly from 10.07 million tonnes a week earlier, the Agriculture Secretariat said on Monday. By the same date last year, Argentina had sold 6.7 million tonne
The government is likely to modify the language of shareholders agreement (SHA) with Etisalat to bring it in line with Islamic financing for acquisition of PTCL 'B' shares, sources told Business Recorder.
Easier trend was seen in the grain market on Monday as most of the players kept to the sidelines due to lack of buying interest, dealers said. On the cereal side, guwar was lower by Rs 50 to Rs 2100-2200 for all stations, they said. Other items did not sh
The government is likely to modify the language of shareholders agreement (SHA) with Etisalat to bring it in line with Islamic financing for acquisition of PTCL ''B'' shares, sources told Business Recorder.
Ukraine's Farm Minister Oleksander Baranivsky on Monday revised up the country's sunflower seed crop forecast for 2005 by one million tonnes to a record five million from the previous estimate of four million. "We are increasing the forecast (to five mill
The government is likely to modify the language of shareholders agreement (SHA) with Etisalat to bring it in line with Islamic financing for acquisition of PTCL ''''B'''' shares, sources told Business Recorder.
Comfortable supply of phutti and higher oil prices pushed the spot rate further down on the cotton market on Monday, dealers said. The KCA official spot rate was lower by Rs 50 to Rs 2125 for 2005-06 crop, without upcountry expenses.
The Karachi Stock Exchange (KSE) maintained last week's upward momentum on Monday as fresh buying in OGDC, NBP, MCB, PPL and PSO helped the market to close above 7800 points--after almost five months.
The Karachi Stock Exchange (KSE) maintained last week's upward momentum on Monday as fresh buying in OGDC, NBP, MCB, PPL and PSO helped the market to close above 7800 points--after almost five months.
Nine Germans were killed when a helicopter dropped a concrete block on a cable carrying a string of gondolas in an Austrian ski resort, police said on Monday. The helicopter was carrying material to a mountaintop construction site when it dropped the bloc
The Karachi Stock Exchange (KSE) maintained last week''s upward momentum on Monday as fresh buying in OGDC, NBP, MCB, PPL and PSO helped the market to close above 7800 points--after almost five months.
Oil Tankers Contractors Association (OTCA) on Monday vehemently criticised the increase in petroleum prices, especially diesel that made fuel transport business hard to continue.
The entire nation will be celebrating the Defence Day on Tuesday (September 6) with traditional zeal and fervour. This day carries a significant place in the country's history, as the entire nation, along with their valiant armed forces, defended the moth
The entire nation will be celebrating the Defence Day on Tuesday (September 6) with traditional zeal and fervour. This day carries a significant place in the country's history, as the entire nation, along with their valiant armed forces, defended the moth
The Asian Development Bank (ABD) President, Haruhiko Kuroda, on Monday advised the government of Pakistan (GoP) to do away with its policy of granting subsidies to agriculture and certain other sectors. He said that a subsidy-free culture would help Pakis
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 Asian Development Bank (ABD) President, Haruhiko Kuroda, on Monday advised the government of Pakistan (GoP) to do away with its policy of granting subsidies to agriculture and certain other sectors. He said that a subsidy-free culture would help Pakis
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 Asian Development Bank (ABD) President, Haruhiko Kuroda, on Monday advised the government of Pakistan (GoP) to do away with its policy of granting subsidies to agriculture and certain other sectors. He said that a subsidy-free culture would help Pakis
The State Bank of Pakistan (SBP) has allowed the banks and DFIs to give housing loans in the rural areas under the Prudential Regulations for Consumer Financing. This financing would be provided on fulfilment of all relevant guidelines and regulations.
The State Bank of Pakistan (SBP) has allowed the banks and DFIs to give housing loans in the rural areas under the Prudential Regulations for Consumer Financing. This financing would be provided on fulfilment of all relevant guidelines and regulations.
The State Bank of Pakistan (SBP) has allowed the banks and DFIs to give housing loans in the rural areas under the Prudential Regulations for Consumer Financing. This financing would be provided on fulfilment of all relevant guidelines and regulations.
The Privatisation Commission will hold here the bidding for sale of 96.34 percent shares of Javedan Cement Limited (JCL) on September 14. A pre-bid meeting was organised on September 3, to create better understanding of the transaction and the bidding pro
The Privatisation Commission will hold here the bidding for sale of 96.34 percent shares of Javedan Cement Limited (JCL) on September 14. A pre-bid meeting was organised on September 3, to create better understanding of the transaction and the bidding pro
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 05, 2005).
The Privatisation Commission will hold here the bidding for sale of 96.34 percent shares of Javedan Cement Limited (JCL) on September 14. A pre-bid meeting was organised on September 3, to create better understanding of the transaction and the bidding pro
Fresh buying in Adamjee Insurance, banks and PTCL kept the sentiment positive on Lahore Stock Exchange (LSE), where the index registered 0.81 percent increase to close once again above 3,900 points level.
Fresh buying in Adamjee Insurance, banks and PTCL kept the sentiment positive on Lahore Stock Exchange (LSE), where the index registered 0.81 percent increase to close once again above 3,900 points level.
Equities witnessed broad-based recovery at the Islamabad Stock Exchange (ISE) where bulls returned in the front seat amid increase in index. ISE Network index was plus by 45.29 points as the rate-based indicator moved from 11,369.12 to 11,414.41 points. T
Equities witnessed broad-based recovery at the Islamabad Stock Exchange (ISE) where bulls returned in the front seat amid increase in index. ISE Network index was plus by 45.29 points as the rate-based indicator moved from 11,369.12 to 11,414.41 points. T
Europe's biggest listed private equity firm, 3i Group Plc., said on Monday it plans to ramp up by several-fold the size of its investments in China, quickening a drive into the world's seventh largest economy.
A senior bank official said Monday that more than 14 potential deals to link Chinese and foreign banks are under discussion, a move that could lead to every Chinese bank having an overseas partner.
Japanese electronics maker Sharp Corp is considering withdrawing from the market for rear-projection televisions, after witnessing the progress made by thin LCD and plasma television screens.
Japan is asking its refiners to ship some of their gasoline supplies to the United States to fulfil Tokyo's part of a global oil stockpile release in the wake of Hurricane Katrina, industry officials said on Monday.
Dutch financial co-operative Rabobank reported a 12 percent rise in interim profit on Monday and ruled itself out of buying Romanian bank Casa de Economii si Consemnatiuni (CEC), saying it was eyeing other markets.
Opposition lawmakers besieged the National Assembly Speaker's podium, insisting for debate before voting on rescinding the House's earlier decision on a bill. The Deputy Speaker Sardar Mohammad Yaqub, who was in the chair at that moment, prematurely adjou
An apparent gulf in the ranks of ruling coalition following local bodies elections appeared to further widen on Monday when Minister for Parliamentary Affairs refused to reply on behalf of absent Ministers.