The President of Karachi Chamber of Commerce and Industry (KCCI), Haroon Farooki, has expressed feared that industries in general and textile industry in particular might go out of production in the country if the Oil and Gas Regulatory Authority (Ogra) a
The Federal Tax Ombudsman (FTO) has endorsed the decision of Large Taxpayer Unit (LTU), Karachi, to select a case for audit for the 'tax year 2004' on the basis of several parameters, including investigation of unexplained investment.
The Greek public order minister on Wednesday strongly denied claims that a number of Pakistani immigrants were abducted and interrogated in Athens after the July bomb attacks in London, arguing that the whole affair was a "big misunderstanding".
The Islamic Republic of Afghanistan Embassy in Islamabad has invited Expressions of Interest (EoIs) for the Afghan Embassy project in Islamabad. The project area of the Afghan Embassy here is 4,840 square yards.
Ambassador of Palestine and Dean of Diplomatic Corps, Ahmed A. Razzaq El-Salman, who is leaving after a twenty-year stay in Pakistan, called on Foreign Minister Kasuri at the Foreign Office on Wednesday.
Indian occupation troops on Wednesday gunned down eight freedom fighters, including a senior commander, in three shootouts in occupied Kashmir, an army official said.
The Pakistan Telecommunication Company Limited (PTCL) Unions Action Committee has accused the company's management of violation of its commitments to the workers and warned of launching a fresh countrywide protest campaign, Rana Maqbool Ahmed, a senior me
Bearish trend was observed at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE network index was down by 92.62 points as the rate-based indicator moved from 12,760.07 to 12,667.45 points.
Yield on the BMA-PGBI decreased and its value rose by 0.11% to close at 100.3541. The yields to maturities fell by 0 - 2 basis points the in short tenors, whereas they decreased by 2 - 4 basis points in the medium tenors. Yields in the long tenors fell b
Bearish trend was observed at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE network index was down by 92.62 points as the rate-based indicator moved from 12,760.07 to 12,667.45 points.
Yield on the BMA-PGBI decreased and its value rose by 0.11% to close at 100.3541. The yields to maturities fell by 0 - 2 basis points the in short tenors, whereas they decreased by 2 - 4 basis points in the medium tenors. Yields in the long tenors fell b
Share prices ended weak on Lahore Stock Exchange (LSE) following selling pressure, mostly in petroleum and cement stocks, which forced the index down by 1.28 percent.
Yield on the BMA-PGBI decreased and its value rose by 0.11% to close at 100.3541. The yields to maturities fell by 0 - 2 basis points the in short tenors, whereas they decreased by 2 - 4 basis points in the medium tenors. Yields in the long tenors fell b
Share prices ended weak on Lahore Stock Exchange (LSE) following selling pressure, mostly in petroleum and cement stocks, which forced the index down by 1.28 percent.
Pakistan on Wednesday reiterated its support to the Iran-EU dialogue to resolve the row over Tehran's nuclear issue. Talking to visiting Iranian foreign minister Manouchehr Mottaki, Foreign Minister Khurshid M. Kasuri expressed the hope that dialogue woul
The much-awaited correction was witnessed on Karachi Stock Exchange on Wednesday as several scrips had entered the overbought zone, but some banks still registered upward movement on expectations of healthy results for the year ending on December 31, 2005
The much-awaited correction was witnessed on Karachi Stock Exchange on Wednesday as several scrips had entered the overbought zone, but some banks still registered upward movement on expectations of healthy results for the year ending on December 31, 2005
The much-awaited correction was witnessed on Karachi Stock Exchange on Wednesday as several scrips had entered the overbought zone, but some banks still registered upward movement on expectations of healthy results for the year ending on December 31, 2005
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (December 14, 2005).
A new group of 10 countries has emerged within the Non-Agriculture Market Access (Nama) with the name of ''Core Group,'' which is linking progress level with agriculture sector at the organisation level.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (December 14, 2005).
A new group of 10 countries has emerged within the Non-Agriculture Market Access (Nama) with the name of 'Core Group,' which is linking progress level with agriculture sector at the organisation level.
A new group of 10 countries has emerged within the Non-Agriculture Market Access (Nama) with the name of 'Core Group,' which is linking progress level with agriculture sector at the organisation level.
Commerce Minister Humayun Akhtar here on Wednesday called on the rich nations to end the discriminatory policies, which according to him are hurting exporters of developing countries.
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
Commerce Minister Humayun Akhtar here on Wednesday called on the rich nations to end the discriminatory policies, which according to him are hurting exporters of developing countries.
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
Commerce Minister Humayun Akhtar here on Wednesday called on the rich nations to end the discriminatory policies, which according to him are hurting exporters of developing countries.
The second ship carrying 18,000 tons of flour, 160,000 blankets and 250 tons of sugar donated by Turkish government, arrived here on Wednesday. The Sindh Government has designated EDO Enterprise Raisuddin Paracha to transport the Turkish relief goods to R
Anne O Krueger, First Deputy Managing Director, IMF, on Wednesday said in Pakistan exports have grown at an annual rate of nearly 10 percent since 1970, with exports as a percentage of GDP almost tripling, to more than 20 percent between 1970 and 2003.
The DCO, Multan Iftikhar Babur has decided to enforce laws regarding sale of LPG strictly and warned the dealers to take safety measures according to the law.
Women's Empowerment Group (WEG) is the first Pakistani NGO which goes global after its registration as a charity in England and Wales. The wife of British Prime Minister, Cherie Blair, was the chief guest at the launch of WEG.
That world steel industry has moved into a new reality of ongoing consolidation and globalization is no longer in doubt as major international steelmakers are looking ever more closely at acquisitions in many countries that might have been seen as relativ
United Nations on Wednesday appointed former US president George Bush as its representative to oversee rehabilitation and resettlement of Pakistan's quake victims, according to a private TV channel.
French cereals office ONIC on Wednesday said it expected the country's soft wheat area (spring and winter) to rise by 0.5 percent in 2006 to 4.89 million hectares.
United Nations on Wednesday appointed former US president George Bush as its representative to oversee rehabilitation and resettlement of Pakistan's quake victims, according to a private TV channel.
Singapore bunker premiums, the difference between cargo and delivered prices, edged up on Wednesday, despite sliding cargo values, as suppliers started cautiously offering into the spot market.
The Executive Committee of National Economic Council (Ecnec) on Wednesday made the declaration of expenditures mandatory for developmental and non-developmental projects to ensure transparency and good governance at all levels. Prime Minister Shaukat Aziz
The Karachi Port handled 128,233 tonnes of cargo including 108,451 tonnes import and 19,782 tonnes export cargo including 4,031 containers during last 24 hours ending at 0700 hours on Wednesday.
The Executive Committee of National Economic Council (Ecnec) on Wednesday made the declaration of expenditures mandatory for developmental and non-developmental projects to ensure transparency and good governance at all levels. Prime Minister Shaukat Aziz
The Executive Committee of National Economic Council (Ecnec) on Wednesday made the declaration of expenditures mandatory for developmental and non-developmental projects to ensure transparency and good governance at all levels. Prime Minister Shaukat Aziz
China will end a tax provision on imports of copper scrap and concentrate and exports of refined cathode from January 1, 2006, a state planner said on Wednesday.
Eight rockets slammed into a remote town in Balochistan on Wednesday, coinciding with a visit of President General Pervez Musharraf to the region which is troubled by a sporadic tribal insurgency.
Honduras can boost coffee output by up to 50 percent in the next five years by training small farmers in more productive tree care and fertilisation methods, authorities said on Tuesday.
Eight rockets slammed into a remote town in Balochistan on Wednesday, coinciding with a visit of President General Pervez Musharraf to the region which is troubled by a sporadic tribal insurgency.
President General Pervez Musharraf on Wednesday vowed consistent focus on development of remote areas and saboteurs and said that anti-development elements cannot deter the process of socio-economic progress, as the masses want to move forward.
President General Pervez Musharraf on Wednesday vowed consistent focus on development of remote areas and saboteurs and said that anti-development elements cannot deter the process of socio-economic progress, as the masses want to move forward.
Brazil's 2005/06 (May/April) cocoa arrivals from Bahia and other states totalled 2.92 million 60-kg bags by December 11, up 28 percent from 2.28 million a year ago, the Bahia Commercial Association said.
President General Pervez Musharraf on Wednesday vowed consistent focus on development of remote areas and saboteurs and said that anti-development elements cannot deter the process of socio-economic progress, as the masses want to move forward.
Wheat futures on the Chicago Board of Trade closed higher on Tuesday after trading both sides, buoyed by a late surge in CBOT soyabeans and broad-based fund buying in commodities, traders said.
Cement manufacturers have reduced the prices by Rs 25-30 per 50-kg bag. All Pakistan Cement Manufacturer Association Chairman Tariq Saigol talking to a private TV channel said the new price was fixed at Rs 270-280 per bag.
Cement manufacturers have reduced the prices by Rs 25-30 per 50-kg bag. All Pakistan Cement Manufacturer Association Chairman Tariq Saigol talking to a private TV channel said the new price was fixed at Rs 270-280 per bag.
Upward trend was seen on the forward cottonseed oilcake market on Wednesday as buyers were active on short crop news, dealers said. The December vaida is near to mature, showing no change for the day, dealers said.
Cement manufacturers have reduced the prices by Rs 25-30 per 50-kg bag. All Pakistan Cement Manufacturer Association Chairman Tariq Saigol talking to a private TV channel said the new price was fixed at Rs 270-280 per bag.
Modest business was seen in the cotton market on Wednesday though mills and spinners continued buying on expectations of rising trend in the prices, dealers said.
The National Assembly on Wednesday passed a bill to amend the Pakistan Telecommunication (Reorganisation) Act, 1996 [The Pakistan Telecommunication) (Reorganisation (Amendment) Bill, 2005] while the opposition termed it a bid to pave the way for the multi
Kenya's tea prices were mixed at this week's auction, with some grades firming because of improved quality, traders said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said 114,437 packages were offered, compared with 129,681 last week.
The National Assembly on Wednesday passed a bill to amend the Pakistan Telecommunication (Reorganisation) Act, 1996 [The Pakistan Telecommunication) (Reorganisation (Amendment) Bill, 2005] while the opposition termed it a bid to pave the way for the multi
The raw rubber trading ended both ways on Wednesday on Jodia Bazar. The following variations were seen in raw rubber Ceylon RSSV down Re 1 to Rs 51, latex side Semnan Tex up Rs 5 to Rs 344 and Thai (G.T) up Rs 5 to Rs 344.
The National Assembly on Wednesday passed a bill to amend the Pakistan Telecommunication (Reorganisation) Act, 1996 [The Pakistan Telecommunication) (Reorganisation (Amendment) Bill, 2005] while the opposition termed it a bid to pave the way for the multi
Firmness prevailed in the grain market on Wednesday as most of the commodities maintained the overnight levels, dealers said. They attributed the stable trend in the market to the steady arrivals from the upcountry centres and better supply position.
The National Assembly on Wednesday passed a bill to amend the Pakistan Telecommunication (Reorganisation) Act, 1996 [The Pakistan Telecommunication) (Reorganisation (Amendment) Bill, 2005] while the opposition termed it a bid to pave the way for the multi
US cocoa futures eked out modest gains to settle at a new 3-month high on Tuesday, but speculators were nervous the past week's bullish trend may be ready for a correction, traders said.
Prime Minister Shaukat Aziz on Wednesday said there was a great potential for stronger economic and trade ties between Pakistan and Iran and both the countries were committed to further strengthen these relations.
US coffee futures ended in negative territory on Tuesday, backing down from a two-week peak hit in the session after speculators took profits and producers increased their sales, market sources said.
Prime Minister Shaukat Aziz on Wednesday said there was a great potential for stronger economic and trade ties between Pakistan and Iran and both the countries were committed to further strengthen these relations.
Last week's bitter cold took a toll on some US hard red winter wheat fields, burning back leaves and potentially eating into production potential, wheat experts said on Tuesday.
Prime Minister Shaukat Aziz on Wednesday said there was a great potential for stronger economic and trade ties between Pakistan and Iran and both the countries were committed to further strengthen these relations.
US copper futures ended with strong gains on Tuesday, reversing sharp losses of a day, and traders said buyers from across the spectrum viewed on Monday's declines as buying opportunities.
Tokyo gold futures slid 3.6 percent on Wednesday, falling by their daily limit for a second session as higher margin requirements and a stronger yen prompted profit-taking following the market's rally in the week.
Gold futures fell on Tuesday after rising for eight straight sessions on speculative buying, as profit taking dragged it down from a quarter-century high of nearly $545 an ounce, dealers said.
Gold fell more than $4 in early trading in Asia on Wednesday to $516.00 an ounce as investors shrugged off possible inflationary concerns behind the latest US interest rate hike in favour of profits.
Malaysia's tin price hit a three-month high on Wednesday, edging closer to the $7,000 a tonne barrier, as strong European demand pushed the market up for a fifth successive day.
Oil held firm above $61 on Wednesday, supported by icy weather in the United States and forecasts of strong growth in global demand. Activity was muted ahead of weekly US inventory data due later in the day and expected to show a draw on crude stocks but