Naveed Mumtaz Janjua, Senior Executive, Investment Promotion, Government of Rais Al Khaimah (RAK), United Arab Emirates (UAE) has invited Pakistani investors to invest in Rais Al Khaimah.
Prime Minister Shaukat Aziz on Wednesday assured that the government has taken adequate measures to ensure sufficient supply of pulses at reduced rates to the consumers through Utility Stores and in the open market.
Sindh Governor, Dr Ishrat-ul-Ibad Khan on Wednesday directed the concerned officials to launch a campaign immediately, for cleaning of drains in the metropolis before the start of monsoon rains.
The National Tariff Commission has ended anti-dumping duty on import of polyester filament yarn from certain exporters of Indonesia, Korea and Thailand.
The National Highway Authority (NHA) came under fire on Wednesday when Communications Minister Shamim Siddiqui took strong exception to the poor performance of weigh stations and substandard construction of some parts of Grand Trunk (G.T) road from Rawalp
Parliamentarians and economic experts on Wednesday questioned Central Board of Revenue (CBR) data regarding uniform growth in customs duties for various products and its revenue targets and asked Finance Ministry to keep a vigilant eye on its data compila
Sindh Chief Minister Dr Arbab Ghulam Rahim, accompanied by Federal Railway Minister, Shaikh Rashid Ahmed, on Wednesday inaugurated Marvi Express, a shuttle train between Mirpur Khas and Khokhrapar.
The Fatah faction of Palestinian President Mahmoud Abbas and the Hamas group agreed on Wednesday to halt their clashes even as they headed for a showdown over Abbas's threat to hold a referendum on statehood proposal.
The Fatah faction of Palestinian President Mahmoud Abbas and the Hamas group agreed on Wednesday to halt their clashes even as they headed for a showdown over Abbas's threat to hold a referendum on statehood proposal.
Prime Minister Shaukat Aziz on Wednesday said Pakistan remains steadfast in its support to the Palestinian cause, wants a complete withdrawal of Israel from occupied Arab territories and establishment of independent Palestinian state with Al-Quds Al-Shari
Prime Minister Shaukat Aziz on Wednesday said Pakistan remains steadfast in its support to the Palestinian cause, wants a complete withdrawal of Israel from occupied Arab territories and establishment of independent Palestinian state with Al-Quds Al-Shari
Imposition of 5 percent excise duty on fee income is likely to be passed on to the consumers and, in the worst case, if the banks take the hit on their books then, on an average, banks'''' profits will be affected by average 2 percent listed at the Karach
Imposition of 5 percent excise duty on fee income is likely to be passed on to the consumers and, in the worst case, if the banks take the hit on their books then, on an average, banks'' profits will be affected by average 2 percent listed at the Karachi
Imposition of 5 percent excise duty on fee income is likely to be passed on to the consumers and, in the worst case, if the banks take the hit on their books then, on an average, banks' profits will be affected by average 2 percent listed at the Karachi S
Imposition of 5 percent excise duty on fee income is likely to be passed on to the consumers and, in the worst case, if the banks take the hit on their books then, on an average, banks' profits will be affected by average 2 percent listed at the Karachi S
Budget of Sindh of Rs 135 billion would be presented before the provincial assembly on June 15, said adviser to the chief minister on finance MA Jalil. Talking to a private television news channel, he said an amount of Rs 30 billion would be allocated for
Budget of Sindh of Rs 135 billion would be presented before the provincial assembly on June 15, said adviser to the chief minister on finance MA Jalil. Talking to a private television news channel, he said an amount of Rs 30 billion would be allocated for
Budget of Sindh of Rs 135 billion would be presented before the provincial assembly on June 15, said adviser to the chief minister on finance MA Jalil. Talking to a private television news channel, he said an amount of Rs 30 billion would be allocated for
Advertisements in newspapers and periodicals would continue to enjoy exemption from sales tax and federal excise duty. Meanwhile, the government has abolished 5 percent customs duty on import of newsprint and reduced the withholding tax from 6 percent to
Advertisements in newspapers and periodicals would continue to enjoy exemption from sales tax and federal excise duty. Meanwhile, the government has abolished 5 percent customs duty on import of newsprint and reduced the withholding tax from 6 percent to
Advertisements in newspapers and periodicals would continue to enjoy exemption from sales tax and federal excise duty. Meanwhile, the government has abolished 5 percent customs duty on import of newsprint and reduced the withholding tax from 6 percent to
Pakistan is expected to import at least 30 million kilograms of tea from India this year as drought has damaged crop and pushed up prices in Kenya, the major exporter of the commodity to the country. India, the world's largest tea producer and its biggest
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
Lufthansa cargo - the German freight carrier that halted its operations last year in Pakistan - has agreed to resume its operations in Pakistan for two and-a-half month for the export of mangoes to Europe and some far-away destinations, it was reliably le
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
Lufthansa cargo - the German freight carrier that halted its operations last year in Pakistan - has agreed to resume its operations in Pakistan for two and-a-half month for the export of mangoes to Europe and some far-away destinations, it was reliably le
Growth in German manufacturing orders was probably strong in April, even though the figures, which were incomplete due to public sector strikes, fell short of forecasts, Economy Ministry data showed on Wednesday.
South Africa's annual retail sales growth surged to a 17-month peak in March, data showed on Wednesday, adding to speculation that interest rates might be raised on Thursday to cool domestic demand.
Nigerian gross domestic product grew by 2.7 percent in the first quarter but the oil sector contracted by 2.5 percent due to supply cuts caused by militant attacks in the Niger Delta, the central bank said on Wednesday.
Singapore bunker prices were steady on Wednesday but their premium to fuel oil cargo values slipped to below $3 a tonne, as suppliers slashed offers to spur demand, traders said.
Warner Music Group, the world's fourth-largest music company, said on Wednesday that it is issuing a quarterly dividend of 13 cents per share of common stock.
The Karachi Port handled 72,901 tonnes of cargo including 51,119 tonnes import, 21,782 tonnes export cargo and 3,668 containers during last 24 hours ending at 0700 hours on Wednesday.
Warner Music Group, the world's fourth-largest music company, said on Wednesday that it is issuing a quarterly dividend of 13 cents per share of common stock.
Top Chinese copper smelters will cut production in the second half of this year if the fees they receive to process spot imported concentrate do not meet their requirements, smelter officials said on Wednesday.
Selling-pressure intensified in trend-setters at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid decrease in index. ISE-10 index showed a decrease of 93.46 points as the index moved from 2,809.79 to 2,716.33 points.
Brazil's main port of Santos moved 6.56 million tonnes of cargo in April, its best performance of 2006 and up 13.4 percent from the same month of 2005, the Port Authority Codesp said on Tuesday.
Selling-pressure intensified in trend-setters at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid decrease in index. ISE-10 index showed a decrease of 93.46 points as the index moved from 2,809.79 to 2,716.33 points.
US FOB Gulf corn and soyabean basis offers rose on Tuesday after futures prices closed lower for a second day, trader said. Hard and soft red winter wheat export premiums held steady amid the sell-off led by commodity funds.
The local share market failed to maintain the bullish rally on Wednesday, with prices falling across the board, in reaction to doubling of taxes levied on stock business.
Spot basis bids for corn were steady to higher around the US Midwest on Wednesday as grain dealers tried to stabilise prices after a 5-cent drop in the futures market.
The local share market failed to maintain the bullish rally on Wednesday, with prices falling across the board, in reaction to doubling of taxes levied on stock business.
Persistent dry weather has hit most of China's major corn and soyabean growing areas in the north-east since April, and farmers grew more corn than soyabeans this year because of better returns, officials said on Wednesday.
President General Pervez Musharraf said here on Wednesday that Pakistan has made remarkable upsurge in economic development over the past few years and to sustain high economic growth the government has greatly enhanced spending on higher education for hu
Corn futures at the Chicago Board of Trade slipped on Tuesday as a good start to this year's growing season and mostly favourable Midwest crop weather spurred fund long liquidation, traders said.
President General Pervez Musharraf said here on Wednesday that Pakistan has made remarkable upsurge in economic development over the past few years and to sustain high economic growth the government has greatly enhanced spending on higher education for hu
Soft red winter wheat futures on the Chicago Board of Trade fell to four-week lows on Tuesday in a fund-led sell-off prompted by harvest pressure and a broad downturn in commodities, traders said.
The State Bank of Pakistan (SBP), after almost nine months, on Wednesday raised the rates on three-month and six-month treasury bills by 22 basis points and 15 basis points, respectively.
The State Bank of Pakistan (SBP), after almost nine months, on Wednesday raised the rates on three-month and six-month treasury bills by 22 basis points and 15 basis points, respectively.
Mills' active demand pushed the cotton prices to the season's high at Rs 2650 amid sizeable trading, dealers said on Wednesday. The Karachi Cotton Association (KCA) official rate was unchanged at 2500, without upcountry expenses.
The State Bank of Pakistan (SBP), after almost nine months, on Wednesday raised the rates on three-month and six-month treasury bills by 22 basis points and 15 basis points, respectively.
Brazilian 2006/07 (May-April) cocoa arrivals from Bahia and other states totalled 309,427 60-kg bags by June 4, down 42 percent from 531,243 bags a year ago, Bahia Commercial Association said Wednesday. Bahia state, Brazil's main cocoa producer, delivered
The State Bank of Pakistan (SBP), after almost nine months, on Wednesday raised the rates on three-month and six-month treasury bills by 22 basis points and 15 basis points, respectively.
Firmness prevailed in the grain market on Wednesday as most of the items maintained the overnight levels, dealers said. A solo change was reported on the seed side, where cottonseed oilcake low type shed Rs 7 to Rs 310 and the good type lost Rs 10 to Rs 3
The BRIndex30 on Wednesday opened in positive zone with a gap of 29.01 points, but could not sustain the rise and soon went down to negative zone and remained there for the rest of the trading time, closing at 10,628.29.
Benchmark arabica coffee futures settled down 2.4 percent at a nine-month low on Tuesday, depressed by fund selling amid deteriorating technical signals on the price charts and broad weakness in the commodity sector, traders said.
The BRIndex30 on Wednesday opened in positive zone with a gap of 29.01 points, but could not sustain the rise and soon went down to negative zone and remained there for the rest of the trading time, closing at 10,628.29.
US benchmark cocoa futures fell about 1 percent to a one-week low on Tuesday, depressed by speculative liquidation as a resurgent dollar weighed on the commodity sector, traders said.
The share prices on Karachi Stock Exchange on Wednesday tumbled and bears strengthened their grip after Standard & Poor''s showed concerns over fiscal slippages leading to down revision of the country''s outlook and increased in three- and six-month treas
Spring wheat futures on the Minneapolis Grain Exchange fell to three-week lows on Tuesday, tumbling on fund selling and slipover pressure from the Chicago and Kansas City markets, traders said.
The share prices on Karachi Stock Exchange on Wednesday tumbled and bears strengthened their grip after Standard & Poor's showed concerns over fiscal slippages leading to down revision of the country's outlook and increased in three- and six-month treasur
The share prices on Karachi Stock Exchange on Wednesday tumbled and bears strengthened their grip after Standard & Poor's showed concerns over fiscal slippages leading to down revision of the country's outlook and increased in three- and six-month treasur
Kenyan tea prices were mixed at this week's auction with some easing on quality, despite good demand, brokers said on Wednesday. Mombassa-based Africa Tea Brokers (ATB) said 116,398 packages were offered for sale compared with 119,165 packages at last wee
The imposition of capital value tax (CVT) on sale/purchase of urban immovable property would help in bringing the speculators of real estate business into the tax net and help in reducing the prices of property in future.
Copper prices slid further below $7,500 a tonne on Wednesday, a day after losing more than 3 percent as fears that rising inflation could lead to higher interest rates, slowing economic growth and demand for metal.
The imposition of capital value tax (CVT) on sale/purchase of urban immovable property would help in bringing the speculators of real estate business into the tax net and help in reducing the prices of property in future.
Indonesian rubber prices were firm on Wednesday despite ample domestic supplies because of healthy consumer demand and tight supplies in top rubber producer Thailand.
The imposition of capital value tax (CVT) on sale/purchase of urban immovable property would help in bringing the speculators of real estate business into the tax net and help in reducing the prices of property in future.
US copper futures closed down over 3 percent as a firm dollar and inflationary fears rattled metals markets across the board on Tuesday, while traders largely ignored news of a force major at Grupo Mexico's Cananea mine, sources said.
Sindh High Court has issued notice to Pakistan Petroleum Limited (PPL) for June 8, 2006, in a declaratory and damages suit of a petroleum gas company against termination of contract by PPL.
Gold futures in New York settled 2.2 percent lower on Tuesday in a sell-off sparked by a stronger US dollar and lower equity markets and oil prices, traders said.
Sindh High Court has issued notice to Pakistan Petroleum Limited (PPL) for June 8, 2006, in a declaratory and damages suit of a petroleum gas company against termination of contract by PPL.