The Pakistan Steel (PS) on Monday increased the prices of billets up to Rs 2,300 per tonne in the wake of higher steel and raw material prices on the international front, sources said. The billet (100x100) is now being tagged at Rs 29,555 per tonne includ
The government has projected one million tons sugar shortfall during the next year, after receiving reports from the provinces that there was no substantial increase in sugarcane cultivation area, official sources told Business Recorder.
The government has projected one million tons sugar shortfall during the next year, after receiving reports from the provinces that there was no substantial increase in sugarcane cultivation area, official sources told Business Recorder.
The government has projected one million tons sugar shortfall during the next year, after receiving reports from the provinces that there was no substantial increase in sugarcane cultivation area, official sources told Business Recorder.
Imported cement of questionable quality has not yet reached the market, but its locally produced variant is available at considerably reduced prices suggesting that the recent price-hike was seasonal.
Imported cement of questionable quality has not yet reached the market, but its locally produced variant is available at considerably reduced prices suggesting that the recent price-hike was seasonal.
Imported cement of questionable quality has not yet reached the market, but its locally produced variant is available at considerably reduced prices suggesting that the recent price-hike was seasonal.
On Monday, the BRIndex30 opened with a positive gap of 150.4 points, but couldn't sustain the rise, and fell after staying up for around half the trading time eventually closing at 9,598.14 with a negative change of -492.25 or -4.88 percent.
On Monday, the BRIndex30 opened with a positive gap of 150.4 points, but couldn't sustain the rise, and fell after staying up for around half the trading time eventually closing at 9,598.14 with a negative change of -492.25 or -4.88 percent.
Selling pressure on the first session of the new week badly bruised the sentiment of the investors resulting in that all the key stocks closed on a lower circuit, shrinking the daily volume.
Selling pressure on the first session of the new week badly bruised the sentiment of the investors resulting in that all the key stocks closed on a lower circuit, shrinking the daily volume.
Selling pressure on the first session of the new week badly bruised the sentiment of the investors resulting in that all the key stocks closed on a lower circuit, shrinking the daily volume.
President Pervez Musharraf on Monday said Pakistan will develop its railways as an efficient mass transit service as well as an elaborate communication network for promoting regional commerce.
South Asia could cut poverty much further in the coming decade if it grows at a faster pace than in the past 10 years and ensures prosperity is more evenly distributed, a World Bank report said on Sunday.
US President George W. Bush on Monday said it was time to move past a debate over whether human activity is a significant factor behind global warming and into a discussion of possible remedies. "I have said consistently that global warming is a serious p
Chairman Central Ruet-e-Hilal Committee, Mufti Muneeb-ur-Rehman on Monday announced that the moon of Jamadi-us-Sani not sighted. The meeting for sighting of moon was held here on Monday under the chairmanship of Mufti Muneeb-ur-Rehman.
Seven soldiers were killed when a suicide bomber blew up his car at a checkpost in North Waziristan on Monday, a day after militants there announced a truce, officials said. It was the second suicide blast in a month in North Waziristan.
Seven soldiers were killed when a suicide bomber blew up his car at a checkpost in North Waziristan on Monday, a day after militants there announced a truce, officials said. It was the second suicide blast in a month in North Waziristan.
Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
President General Pervez Musharraf has reiterated that fair, free and transparent elections would be held on schedule. He was talking to central leader of the Pakistan Muslim League and former Punjab chief minister Mian Manzoor Ahmed Watto, who called on
President General Pervez Musharraf has reiterated that fair, free and transparent elections would be held on schedule. He was talking to central leader of the Pakistan Muslim League and former Punjab chief minister Mian Manzoor Ahmed Watto, who called on
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
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
Firmness prevailed in the cotton market on Monday as both exporters and mills throng the Trading Corporation of Pakistan (TCP) to grab every offer at the auction by the corporation, dealers said. The official spot was at Rs 2600, without upcountry expense
Brazilian coffee farms will have cooler and wetter weather this week as a cold front rolls across the region, but there is no risk of frost, private forecaster Somar predicted Monday.
Germany is likely to harvest 24.04 million tonnes of wheat this year, up from 23.64 million in 2005, trading house Toepfer International said on Monday.
Cocoa arrivals at ports in Ivory Coast reached 1.249 million tonnes between October 1 and June 25, according to a rough estimate by exporters on Monday. That put arrivals since the start of the 2005/06 season on par with a year ago, when the same quantity
India's Tata Coffee Ltd said on Sunday it had agreed to buy US-based Eight O'Clock Coffee Company for $220 million from private equity firm Gryphon Investors.
Spot basis bids for corn were steady to firm around the US Midwest on Monday while soyabean bids were mostly unchanged, grain dealers said. Country movement was expected to be mostly slow around the region, with the futures market expected to open lower a
Zambian farmers are busy harvesting white maize but poor marketing arrangements may hamper plans to raise output to 2.4 million tonnes next year, a farmers' group said on Monday.
China's copper imports fell 60 percent in the first five months of this year as high copper prices and rising domestic supply reduced its need to ship in metal.
US CIF Gulf corn basis values rose Monday due to higher barge freight and brisk export demand, while wheat and soyabeans were steady to higher, traders said.
Spot basis bids for hard red winter wheat in the US Plains were steady to firm on Monday as country movement remained slow despite some rain delays to the harvest, wheat merchants said. Basis bids firmed by 5 cents in Wichita and Topeka, Kansas, and were
Hungary's wheat crop is expected around 4.7 million tonnes, down by 8 percent from last year, and grains harvesting will start at the end of the week in good weather, the Agriculture Ministry said on Monday.
Singapore bunker prices rose on Monday as the premium to fuel oil cargo values rose to abbout $5 a tonne, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $319-$321 a tonne, up $2 from Friday's Asian close, with the differential to
The Karachi Port handled 224,651 tonnes of cargo including 168,632 tonnes import, 56,019 tonnes export cargo and 4,589 containers during last 48 hours ending at 0700 hours on Monday.
Malaysian tin fell 0.5 percent on Monday, tracking a drop in prices in London, amid scattered buying by foreigners, dealers said. Spot tin on the Kuala Lumpur Tin Exchange ended down $40 at $7,810, after having lost $30 in the previous session.
Copper prices crept up in thin trade on Monday as investors stayed on the sidelines ahead of the US Federal Reserve's decision this week on interest rates, which may dent demand and lead to slowing economic growth.
Tokyo gold futures staged a modest rally on Monday, supported by gains in New York and a soft yen, but trade was thin and rangebound ahead of this week's Federal Reserve policy meeting.
Gold shrugged off a stronger US dollar to gain about $1 on Monday as investors weighed inflation prospects on the back of costly oil prices. Gains in Tokyo Commodity Exchange gold futures also gave gold a leg-up in trading across Asia, dealers said. "We'r
Indonesian palm oil markets were lacklustre on Monday with players hugging the sidelines waiting for clearer price direction, traders said. A weakening rupiah against the US dollar supported prices, they added.
Oil edged down on Monday after signs of improved Iraqi production, but held near $71 a barrel as US gasoline demand is still growing despite near-record prices while traders worry over supply disruptions.
Malaysian palm oil output is expected to total 15.5 million tonnes in 2007, Commodities Minister Peter Chin said on Monday. He did not give a figure for 2006. Output in the world's largest producing country totalled 15.4 million tonnes in 2005, he said.
Indian wheat futures dropped on Monday as the market awaited details on the government's decision on freer imports, while soya oil slipped after rains in the oilseed-growing regions.
Thai sugar premiums were firm on Monday but were expected to dip over the next few weeks, as demand was sluggish, traders said. Offers for Thai 100 ICUMSA white sugar, considered consumer grade, for August shipment were at $10 per tonne over London prices
Mauritius sugar planters must merge their small plots into industrial-sized farms if they are to survive competition and planned European Union subsidy cuts, the agriculture minister said on Monday.
Japanese soyabean importers are seeking to buy August shipments this week, but the pace of buying is still slow given high prices in Brazilian crops and recent gains in freight rates.
The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it had committed to sell 965 tonnes of cotton in the week which ended on June 24. Alcotexa figures showed sales of 200 tonnes of Giza 70, 107 tonnes of Giza 88 and 658 tonnes of Giza 8
The state Cyprus Grains Commission has issued a tender to purchase 3,000 to 25,000 tonnes of feed barley, European traders said on Monday. Origin was optional, shipment was before August 10 and the bidding deadline was Thursday (June 29). Traders said the
Tokyo rubber futures closed mostly lower on Monday as weak technical signals lead to selling on rallies, but the market was supported by growing supply concerns after last week's drop in Japanese inventories.
Malaysian crude palm oil futures ended mixed by midday on Monday, but the most active contract rose 4 ringgit on better export figures and a weaker ringgit.
Phelps Dodge Corp on Monday said it would acquire Canada's Inco Ltd and Falconbridge Ltd for about $40 billion in a blockbuster deal to create the world's largest nickel miner and second-largest copper producer.
Kraft Foods Inc replaced its Chief Executive Roger Deromedi on Monday, effective immediately. The company said Irene B. Rosenfeld will become chief executive officer and that Deromedi mutually agreed with Kraft's board to step down.
Sales of new US homes again defied predictions of a slowdown in May and rose 4.6 percent, but median sales prices fell and the US Northeast experienced its slowest sales tempo in nearly two years, according to a government report on Monday.
World Trade Center developer Larry Silverstein and the Port Authority of New York and New Jersey on Monday sued insurers to demand that they pay up on the buildings destroyed in the September 11 attacks.
Japan's government and ruling coalition parties agreed on Monday to seek up to 14.3 trillion yen ($123 billion) in spending cuts over the next five years in an effort to balance the budget, party officials said.
Central banks may need to raise interest rates more forcefully than so far to keep inflationary pressures in check and it is unclear how high they must go, the Bank for International Settlements said on Monday.
French business confidence slipped slightly in June as activity looked set to level off over coming months and foreign orders dropped sharply, according to a survey by the national statistics office on Monday.
Warren Buffett, the world's second-richest person, is donating about $37 billion - more than 80 percent of his fortune - to foundations run by his friend Bill Gates and by the Buffett family. The move is the biggest-ever single act of charitable giving in
Russian state oil firm Rosneft said on Monday it would go ahead with its $11 billion initial public offering, potentially the world's fifth biggest, despite falling stocks in emerging markets and litigation risks.
Russian state oil firm Rosneft said on Monday it would go ahead with its $11 billion initial public offering, potentially the world's fifth biggest, despite falling stocks in emerging markets and litigation risks.
European Union ministers have held out the prospect of more development lending for north African and Mediterranean states but urged them to trade more with each other to close a wealth gap stirring northward migration.
World Trade Organisation chief Pascal Lamy said on Friday the WTO's struggling round of free trade negotiations risked collapse without a breakthrough soon.