Palm oil exports from Indonesia, the world's second biggest palm oil producer, were seen steady this month despite the rupiah's rise but exporters expect demand from China to increase on seasonal needs for the summer months.
All five permanent members of the UN Security Council and Germany agree Iran's nuclear programme "is not compatible with the demands of the international community," a French official said after envoys wrapped up a meeting in Paris.
French cereals office ONIC said on Tuesday the volume of grain offered into intervention stores now stood at 553,832 tonnes, up 11,320 tonnes on last week.
Pakistan and Uzbekistan on Tuesday signed agreements and memorandums of understanding (MoUs) to promote co-operation and interaction in various fields to further enhance bilateral relations and strengthen trade and economic ties.
US cocoa futures ended slightly higher on Monday as players took profits on a wave of speculative buying spurred by a weak dollar during a session that was a holiday in London, dealers said.
Pakistan and Uzbekistan on Tuesday signed agreements and memorandums of understanding (MoUs) to promote co-operation and interaction in various fields to further enhance bilateral relations and strengthen trade and economic ties.
Arabica coffee futures closed mixed on Monday in activity featuring small speculators as holidays in London and Brazil led to quiet trade, with players waiting for leads in the days ahead, dealers said.
Pakistan and Uzbekistan on Tuesday signed agreements and memorandums of understanding (MoUs) to promote co-operation and interaction in various fields to further enhance bilateral relations and strengthen trade and economic ties.
Exports of Malaysian oil palm products for April 1-30 stood at 1,182,614 tonnes, up 11.8 percent from the 1,057,879 tonnes reported for March 1-31, cargo surveyor Society General de Surveillance said on Tuesday.
Prime Minister Shaukat Aziz has said that the Board of Investment (BoI) will be reorganised and restructured to transform into a more vibrant organisation providing one-window operation for expeditious finalisation of local and foreign investment projects
South Korea will put Chinese rice on the auction block this week, an official said on Tuesday, as part of a deal Seoul has had trouble implementing under which it allows consumers to purchase foreign rice directly.
Prime Minister Shaukat Aziz has said that the Board of Investment (BoI) will be reorganised and restructured to transform into a more vibrant organisation providing one-window operation for expeditious finalisation of local and foreign investment projects
Asian middle distillate prices were lifted higher on Tuesday by robust US crude futures which topped $74 a barrel, while an ebbing arbitrage window to Africa led to a narrower cash gas oil premium.
Prime Minister Shaukat Aziz has said that the Board of Investment (BoI) will be reorganised and restructured to transform into a more vibrant organisation providing one-window operation for expeditious finalisation of local and foreign investment projects
South Korea's Nonghyup Feed Inc has issued a tender to buy up to 10,000 tonnes of optional-origin rapeseed meal for feed production, traders said on Tuesday.
Finance Ministry is not expecting immediate returns from the equity-based investment made by resident Pakistanis abroad. "Investment made by resident Pakistanis abroad is unlikely to generate major profit repatriation to Pakistan as the sponsors may retai
The Alexandria Cotton Exporters' Association (Alcotexa) said on Tuesday it had committed to sell 2,228 tonnes of cotton in the week which ended on April 29.
Finance Ministry is not expecting immediate returns from the equity-based investment made by resident Pakistanis abroad. "Investment made by resident Pakistanis abroad is unlikely to generate major profit repatriation to Pakistan as the sponsors may retai
Ivory Coast's exports of cocoa beans and semi-finished products for the October-March main crop rose sharply to 933,485 tonnes versus 856,038 tonnes the previous year, according to official data on Tuesday.
Finance Ministry is not expecting immediate returns from the equity-based investment made by resident Pakistanis abroad. "Investment made by resident Pakistanis abroad is unlikely to generate major profit repatriation to Pakistan as the sponsors may retai
India on Tuesday said follow-up tests had shown a cargo of wheat imported from Australia contained a safe amount of pesticide and that the shipment had been cleared.
The Securities and Exchange Commission (SECP) is currently in the process of discussion with banks and market participants on a new product to replace the existing Continuous Funding System (CFS), the approval would help in removing the cap imposed last y
Australia's booming beef exports will be strong in 2006 but could start easing later in the year when US beef re-enters the Japanese and Korean markets, two major banks said on Tuesday.
The Securities and Exchange Commission (SECP) is currently in the process of discussion with banks and market participants on a new product to replace the existing Continuous Funding System (CFS), the approval would help in removing the cap imposed last y
Spring wheat futures at the Minneapolis Grain Exchange closed mostly higher on Monday in light trade, tracking weather-related advances in the Kansas City wheat market, traders said.
The Securities and Exchange Commission (SECP) is currently in the process of discussion with banks and market participants on a new product to replace the existing Continuous Funding System (CFS), the approval would help in removing the cap imposed last y
Asian oil product swaps rose on Tuesday, tracking firmer US crude futures that rose to near $74 a barrel, and jet fuel's premium to gas oil firmed on Chinese demand.
US investigators probing nuclear proliferation would not be allowed to meet a Pakistan scientist recently released from detention, officials said on Tuesday. Authorities last month released Mohammad Farooq, a former director of procurement at a uranium en
Pakistani rice prices held firm in the past week due to low stocks and traders said on Tuesday activity would remain slow as the market awaited fresh supplies from the new crop. They said exports of IRRI variety had dwindled on falling stocks and basmati
US investigators probing nuclear proliferation would not be allowed to meet a Pakistan scientist recently released from detention, officials said on Tuesday. Authorities last month released Mohammad Farooq, a former director of procurement at a uranium en
Upward trend was seen on the grain market on Tuesday and several buyers were on the sideline due to higher trend in the prices, dealers said. On the cereals side, Masoor dal gained Rs 100 in process of trading, they said. Urad from Burma rose by Rs 200 to
An exhibition of Thai handicrafts and flowers along with the display of the mokorabilia would be held here from May 6-7 at the Pearl Continental Hotel. The exhibition is in accordance with the 60th anniversary of the accession to the Thai Throne by His Ma
The trading on tea sector moved both ways on Jodia Bazar on Tuesday. The following changes were seen in the Kenyan tea PF-1 A grade up Rs 5 to Rs 189, B grade up Rs 3 to Rs 180, plus C grade up Rs 3 to Rs 169, D-1 A grade up Rs 14 to Rs 202.
The establishment of power generation through wind energy in Sindh province is on cards. This was stated by the Advisor to the Chief Minister for Environment, Alternative Energy and Information Technology in a statement issued here on Tuesday.
France's Dominique de Villepin on Tuesday ruled out resigning over a political smear campaign, the latest worry for a prime minister weakened in recent months by student protests and riots by poor youths.
Firmness prevailed in the forward cottonseed market on Tuesday as most of the traders were found busy in fresh buying, dealers said. The May vaida commenced unchanged at Rs 515.50. In process of trading, it gained 50 paisa to be day's best at Rs 516.00 an
Pakistan on Tuesday proposed fencing and mining on the Afghan side of the Pakistan-Afghanistan border to check any illegal crossing as the Netherlands sought Islamabad's help in intelligence sharing in the wake of deployment of Dutch troops in Uruzgan pro
Wheat futures at the Chicago Board of Trade closed higher on Monday on technical fund buying and ideas that much-needed weekend rains in the US Plains fell short of expectations, traders said.
The revenue collection target for 2006-07 would range between Rs 825 billion and Rs 850 billion, taking into account 20 percent estimated growth in revenue during the next financial year.
US FOB Gulf corn and soyabean basis offers dropped on Monday amid thin export demand, while wheat was choppy, traders said. Soyabean export premiums were weaker but underpinned by tight supplies, despite some country movement on Monday sparked by a rally
The revenue collection target for 2006-07 would range between Rs 825 billion and Rs 850 billion, taking into account 20 percent estimated growth in revenue during the next financial year.
Spot basis bids for corn and soyabeans were mostly steady around the US Midwest on Tuesday but soyabean bids fell in Iowa after a few days of farmer selling, grain dealers said.
The revenue collection target for 2006-07 would range between Rs 825 billion and Rs 850 billion, taking into account 20 percent estimated growth in revenue during the next financial year.
Cosco Corp, a ship repair and bulk shipping company controlled by China's biggest shipping firm, said on Tuesday its quarterly profit jumped 46 percent thanks to brisk demand at its China shipyards.
The Central Board of Revenue (CBR) has appointed Human Resource Management (HRM) Chief Raza Baqir as budget co-ordinator. According to another notification issued on Tuesday.
Cosco Corp, a ship repair and bulk shipping company controlled by China's biggest shipping firm, said on Tuesday its quarterly profit jumped 46 percent thanks to brisk demand at its China shipyards.
Oversold position and smooth rollover of futures contracts allowed leading investors to take fresh positions in cement, oil and gas stocks helping the KSE index score more than 200 points.
Neptune Orient Lines, the world's sixth-biggest container liner, carried 5 percent more containers on its ships in the four weeks to April 7, after a decline earlier in the year.
Oversold position and smooth rollover of futures contracts allowed leading investors to take fresh positions in cement, oil and gas stocks helping the KSE index score more than 200 points.
Neptune Orient Lines, the world's sixth-biggest container liner, carried 5 percent more containers on its ships in the four weeks to April 7, after a decline earlier in the year.
Oversold position and smooth rollover of futures contracts allowed leading investors to take fresh positions in cement, oil and gas stocks helping the KSE index score more than 200 points.
The Karachi Port handled 309,367 tonnes of cargo including 234,197 tonnes import and 75,170 tonnes export cargo including 2,405 containers during last 72 hours ending at 0700 hours on Tuesday.
The BRIndex30 saw a gain of 337.69, or 2.78 percent, with the high of 12,477.35 and low of 12,135.43 before closing at 12,477.35. The volume amounted to 212,202,600, which was 85.82 percent of total market and 93.30 percent of KSE-100 index. The volumes o
Cash movement of hard red winter wheat remained slow in the US Plains on Tuesday, with most dealers rolling their bids to post against the July contract.
The BRIndex30 saw a gain of 337.69, or 2.78 percent, with the high of 12,477.35 and low of 12,135.43 before closing at 12,477.35. The volume amounted to 212,202,600, which was 85.82 percent of total market and 93.30 percent of KSE-100 index. The volumes o
The average price of Bangladesh teas leaped more than 108 percent to 93.25 taka ($1.34) per kg at the opening auction of the season on Tuesday, brokers said. The average price at the final auction of the previous season (April-March) held on March 14, was
Prime Minister Shaukat Aziz has imposed 10 percent regulatory duty on import of wheat in partial fulfilment of Food Ministry's demand to impose 20 percent duty.
Former prime minister Mir Zafarullah Jamali on Tuesday had a meeting with Sindh Chief Minister Dr Arbab Ghulam Rahim at Chief Minister House and exchanged views on matters of mutual interests.
Prime Minister Shaukat Aziz has imposed 10 percent regulatory duty on import of wheat in partial fulfilment of Food Ministry's demand to impose 20 percent duty.
The two-day annual Pakistan Development Forum (PDF) will begin here at Jinnah Convention Center from May 10 in which major development partners and donors are likely to review the economic performance and the achievements of Pakistan on the economic front
Prime Minister Shaukat Aziz has imposed 10 percent regulatory duty on import of wheat in partial fulfilment of Food Ministry''s demand to impose 20 percent duty.
Former World Bank president James Wolfensohn formally stepped down Monday as economic co-ordinator for Gaza, saying the rise of a Hamas-led Palestinian government made his job untenable.
Afghan, Pakistani and US troops began two days of joint military exercises on Tuesday aimed at better co-ordinating the hunt for al Qaeda and Taleban militants, officials said.
Afghan, Pakistani and US troops began two days of joint military exercises on Tuesday aimed at better co-ordinating the hunt for al Qaeda and Taleban militants, officials said.
Bullish trend prevailed on the Lahore Stock Exchange (LSE) where equities, led by National Bank and D.G. Khan Cement, recorded gains across the board mainly on account of fresh buying.
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
Bullish trend prevailed on the Lahore Stock Exchange (LSE) where equities, led by National Bank and D.G. Khan Cement, recorded gains across the board mainly on account of fresh buying.
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
Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index.
Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index.
Credit Suisse has beaten the most optimistic forecasts with a first-quarter net profit of 2.6 billion Swiss francs ($2.10 billion), driven by its investment banking and wealth management businesses.
Credit Suisse has beaten the most optimistic forecasts with a first-quarter net profit of 2.6 billion Swiss francs ($2.10 billion), driven by its investment banking and wealth management businesses.
The British government won a partial victory on Tuesday as an adviser to the top EU court said it could stop artificial arrangements to avoid tax via foreign units, but lawyers said proving "artificial" could be difficult.
Narcotics Control Minister, Ghaus Bux Maher said that Afghanistan is producing 87 percent of world's opium, which has transformed Pakistan into a major transit route for drug smuggling.
The Anti-Narcotic Force (ANF), Sindh, is organising a two-day training workshop from May 3 to 4, aimed at creating awareness among teachers and students against drug abuse.
A police constable, Abdul Rasheed was killed and other injured while a passer-by Malik Faiz Bakhsh also injured when a number of outlaws attacked the police van and got released their accomplices just before production before the court the court in Alipur
The European Union said on Tuesday it would apply the same competition rules to Russian gas giant Gazprom as to any European firm, taking the company's export monopoly into account.
The Pakistan Council of Research in Water Resources (PCRWR) has launched a project titled 'Sustainable Technologies for Efficient Water Management in Irrigated Areas of Southern Indus Plain', which will be completed at a cost of Rs 38.57 million in five y
The country's commercial banking sector was the most profit earning sector for the year 2005 among 34 listed sectors at KSE. The net earnings of the sector's institutions climbed by almost 99 percent during the period.
Chairman Pakistan Cricket Board Shaharyar M Khan has expressed its deep sorrow over the sad demise of former chairman PCB Lieutenant General Safdar Butt (Retd).
Federal Information Minister Muhammad Ali Durrani will address a function to be held in connection with the World Press Freedom Day here at Press Institute of Pakistan on Wednesday (May 3).
A spokesman of Pakistan Sugar Mills Association (PSMA) has urged the government to immediately start work on 'Ethanol Fuel Programme' to check further increase in inflation.
The House Building Finance Corporation (HBFC) has inked 3-MoUs with Gwadar Development Authority (GDA) and District Nazim, Gwadar. These are for design, development and construction of small and medium-cost housing scheme on a 63 acres piece of land in Gw