The government is likely to abolish Rs 50 fee charged for the issuance of National Tax Number (NTN). It has also been agreed in principle to waive Rs 60 fee collected on filing of Goods Declaration (GD) by importers/exporters. The fee has already been red
The government is likely to abolish Rs 50 fee charged for the issuance of National Tax Number (NTN). It has also been agreed in principle to waive Rs 60 fee collected on filing of Goods Declaration (GD) by importers/exporters. The fee has already been red
The government is likely to abolish Rs 50 fee charged for the issuance of National Tax Number (NTN). It has also been agreed in principle to waive Rs 60 fee collected on filing of Goods Declaration (GD) by importers/exporters. The fee has already been red
The government would not allow taxpayers operating under 0.55 million unauthenticated/wrong National Tax Numbers (NTNs) to carry out business transactions from fiscal year 2006-07.
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 government would not allow taxpayers operating under 0.55 million unauthenticated/wrong National Tax Numbers (NTNs) to carry out business transactions from fiscal year 2006-07.
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 government would not allow taxpayers operating under 0.55 million unauthenticated/wrong National Tax Numbers (NTNs) to carry out business transactions from fiscal year 2006-07.
The BRIndex30 registered a positive change of 291.53 on Tuesday, closing at 10,128.38. It made an intra-day high of 10,232.44 and low of 9,640.88. The volume amounted to 173,359,900, which comes to 88.77 percent of the total market and 94.66 percent of KS
The BRIndex30 registered a positive change of 291.53 on Tuesday, closing at 10,128.38. It made an intra-day high of 10,232.44 and low of 9,640.88. The volume amounted to 173,359,900, which comes to 88.77 percent of the total market and 94.66 percent of KS
A cold front is expected to bring rain to coffee areas this weekend, further reducing the possibility of any crop-damaging frost in the first half of July, private forecaster Somar said on Tuesday.
Fresh buying in banks and oil stocks build up a strong rally, helping the index to make most of Monday''s recovery on expectation of good corporate results and rumours that NIT is to pay handsome dividend.
The Karachi Port handled 85,370 tonnes of cargo including 81,579 tonnes import, 3,791 tonnes export cargo and 1,577 containers during last 24 hours ending at 0700 hours on Tuesday.
Fresh buying in banks and oil stocks build up a strong rally, helping the index to make most of Monday's recovery on expectation of good corporate results and rumours that NIT is to pay handsome dividend.
US FOB Gulf soyabean basis offers retreated on Monday amid a rally in futures prices and weak export demand, while corn and wheat held steady, traders said.
Fresh buying in banks and oil stocks build up a strong rally, helping the index to make most of Monday's recovery on expectation of good corporate results and rumours that NIT is to pay handsome dividend.
Kenya's Sasini Tea and Coffee said on Tuesday it sees its tea output at 7.5 million kg in 2005/06 (October-September), unchanged from the previous year, after good rains rejuvenated drought-stricken farms. The agricultural producer had forecast output of
MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
Higher trend was seen on the grain market on Tuesday amid tight supply position, dealers said. On the gram sector gram garda Punjab gained Rs 25 to Rs 2850-2925, gram dal Punjab followed suit and picked up the same amount to Rs 3275-3350.
MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
Wheat futures at the Chicago Board of Trade closed sharply higher on Monday, following as the Minneapolis spring wheat market soared on spring wheat weather worries, traders said.
MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
Pakistan's domestic rice prices remained firm during the last week on robust local demand and flagging supplies, dealers said on Tuesday. They said the country had exhausted most of its export-quality stocks, especially of IRRI variety of rice and the exp
Sindh Home Minister Abdul Rauf Siddiqui was warned of possible incident of terrorism on the eve of Eid Milad-un-Nabi (PBUH) at Nishtar Park, here, Pakistan Sunni Movement Chairman Syed Shah Sirajul Haq on Tuesday told Inquiry Tribunal of Justice Rehmat Hu
Modest business was seen on the forward cottonseed oilcake market on Tuesday some buyers showed interest in the fresh deals, dealers said. The July vaida opened at Rs 546.00 and that proved to be day's best at the same level. In process of trading it shed
President Sindh Abadgar Board Abdul Majeed Nizamani in a letter to Federal Minister for Food And Agriculture Sardar Hayat Bosan requesting the minister to consider points while amending recommendations of Sugar Cane Act.
A Data Bank will be established at the Centre for Rural Development Communication (CRDC) to collect information on rural problems and disseminate it for assistance of research scholars of rural development. The decision, in fact, was taken in a meeting re
Cotton sowing operations of new crop have almost been completed by the end of June. In Punjab, cotton sowing is expected to have surpassed the official target of 2.558 million hectares against last season's sowing of 2.610 million hectares because of bett
President General Pervez Musharraf on Tuesday, while inaugurating the Sust dry port, said that the high altitude facility near Pakistan-China border would bolster bilateral commerce to new levels and would facilitate the realisation of Pakistan''s potenti
Cotton sowing operations of new crop have almost been completed by the end of June. In Punjab, cotton sowing is expected to have surpassed the official target of 2.558 million hectares against last season's sowing of 2.610 million hectares because of bett
President General Pervez Musharraf on Tuesday, while inaugurating the Sust dry port, said that the high altitude facility near Pakistan-China border would bolster bilateral commerce to new levels and would facilitate the realisation of Pakistan's potentia
Spring wheat futures at the Minneapolis Grain Exchange closed sharply higher on Monday, notching contract highs as concerns about dry weather in the northern US Plains triggered speculative buying, traders said. "The funds are interested, and there is som
President General Pervez Musharraf on Tuesday, while inaugurating the Sust dry port, said that the high altitude facility near Pakistan-China border would bolster bilateral commerce to new levels and would facilitate the realisation of Pakistan's potentia
Ukraine's rapeseed harvest is likely to double to 564,000 tonnes in 2006 from about 289,000 in 2005 due to higher sowing area and yields, analysts said on Tuesday.
US benchmark arabica futures rose 2.37 percent to a one-month high on Monday, extending last week's gains on continued speculative short-covering amid a lack of producer selling, traders said.
US benchmark cocoa futures ended at a 13-month peak on Monday, bolstered by follow-through speculative and fund buying amid positive technical signals for the seventh straight session, traders said.
Thailand sold 305,554 tonnes of fragrant rice from government stockpiles through a tender to traders on Tuesday, a senior official said. The rice from the 2004/05 crop (November to October) could eventually be sold "domestically or internationally," Ratio
South African white maize exports fell slightly to 7,726 tonnes in the week to June 30 from 9,899 tonnes the previous week, the South African Grain Information Service said on Tuesday.
South Korea has completed a 2005 rice import quota under a World Trade Organisation agreement after buying 10,033 tonnes of Australian rice, an official at the state-run Korea Agro-Fisheries Trade Corporation said on Tuesday.
The coffee trade in Vietnam was hectic over the past week as domestic prices hit a year high on the back of a rally in London, but traders are facing rapidly dwindling supplies.
The Philippines bought 34,880 tonnes of rice from China and Thailand, bringing its total imports since the start of the year to about 1.65 million tonnes, a senior government official said on Tuesday.
The world's top five wheat exporters should retain their shares of global trade over the next 10 years but will face stiff competition from Ukraine, Kazakhstan and Black Sea suppliers, a study showed on Tuesday.
Cotton sowing in India's major producing states of Gujarat and Maharashtra has been progressing well on monsoon rains, with farmers preferring transonic seeds after a record crop last year, traders said.
Tokyo gold futures closed at a one-month high as firm fundamentals spurred bargain hunting after prices slipped in technical selling in the day. The benchmark TOCOM gold contract closed up 15 yen per gram on the Tokyo Commodity Exchange, or about 0.7 perc
Gold fell on Tuesday, despite a weak US dollar, as investors and speculators booked profits after pushing the price to it's highest in nearly four weeks around $625 an ounce.
Farmgate prices in Ivory Coast's cocoa growing regions were mixed from June 26 to 30, Coffee and Cocoa Bourse (BCC) data showed on Tuesday, as impassable, muddy roads meant fewer buyers ventured into the bush for beans.
Indonesian crude palm oil prices slipped on Tuesday as the rupiah currency extended gains against the US dollar, traders said. Sellers returned to the market on concerns that prices may fall further due to the rupiah's upward trend.
London oil futures held firm above $73 a barrel in muted activity on Tuesday as traders awaited the end of the long US holiday weekend, expected to have lifted gasoline demand as holidaymakers took to the road. London Brent crude was up 8 cents at $73.47
Copper prices rose in thin trade on Tuesday, supported by a firmer tone in Shanghai futures, as investors focused on strong fundamentals and anticipated an influx of speculative funds into metals.
Soyameal prices rose this week due to higher demand from Thailand, where traders and feedstuff producers took advantage of a drop in prices last week, traders said on Tuesday. "Several deals were done at the end of last week as prices slid to an appropria
Raw sugar prices closed firmer on Monday on buying by small speculators and the market could edge up after a brief holiday break tomorrow, brokers said. The raw sugar market is shut on Tuesday for US Independence Day. Business resumes on Wednesday.
The Chicago Board of Trade soyabean market closed higher on Monday amid changing weather outlooks that sparked short covering before the US holiday, traders said. CBOT agricultural markets will be closed on Tuesday for the Fourth of July and reopen with t
Malaysian crude palm oil futures ended lower on Tuesday, pulled down by profit taking after gaining for four straight days. Dealers said the market still has potential to rise because of strong Chinese and European demand.
Ukrainian and foreign traders have already signed deals to export 1.5 to 2.0 million tonnes of barley from the new 2006 harvest, taking advantage of a relatively high crop, analysts said on Tuesday.
Rough rice futures on the Chicago Board of Trade closed higher on Monday on follow-through technical buying from Friday's firm close, traders said. "The market closed at the highs on the bell on Friday a lot of buying returned on Monday," said one rice tr
Japan's most active rubber futures contract fell more than 3 percent on Tuesday as speculators and investors booked profits, dragging down the price of tyre-grade in Southeast Asia.
French business leaders attacked the government's controversial doctrine of "economic patriotism" on Tuesday, saying it was ineffective and had hurt the way France was seen by the rest of the world.
UK non-financial companies' profitability edged up in the first quarter of 2006, putting them on course for another record-breaking year, official figures showed on Tuesday. The Office for National Statistics said the net rate of return on non-financial U
India's WNS Holdings Ltd, which provides offshore business process outsourcing, said on Monday it is planning an initial public offering of 10.4 American depository shares for between $18 and $20 per ADS. The Mumbai-based company plans to sell about 4.47
Japan's Suzuki Motor Corp will build a new compact car in India for Nissan Motor Co to sell in Europe, Suzuki's chief executive said on Tuesday. Last month, the two Japanese auto makers signed a broad-based pact to supply each other with vehicles and shar
President Vladimir Putin warned on Tuesday that Russia would scrap global trade rules it has voluntarily adopted if it failed to get a deal with the United States over its bid to join the World Trade Organisation.
Airlines should pay a tax for jet fuel and join the European Union's emissions trading scheme to cut back on the rising amounts of greenhouse gases they produce, the European Parliament said on Tuesday.
Iran's economy grew by 5.4 percent in the year to March 2006, the central bank said in a preliminary report, compared to 4.8 percent a year earlier. The figure of 5.4 percent was published in a report on the central bank's website. It is slightly lower th
Taxi drivers striking against government deregulation plans wreaked havoc on traffic, commuters and tourists for the fifth straight day on Tuesday. Passengers arriving at Rome's Fiumicino airport found few, if any, taxis as drivers kept their cars in park
China National Petroleum Corp (CNPC) is in talks to pay up to $3 billion for a stake in Rosneft but wants better Chinese access to Russian oil in return, according to sources close to the matter.
China National Petroleum Corp (CNPC) is in talks to pay up to $3 billion for a stake in Rosneft but wants better Chinese access to Russian oil in return, according to sources close to the matter.
Finland, the new president of the European Union, said on Tuesday it would not distinguish between big and small members of the bloc when it comes to enforcing budget deficit rules.
Iraq is exporting up to 1.9 million barrels per day of crude oil, its highest level since the war, after the army took over security of the vital northern pipeline to Turkey, the oil minister said on Tuesday.
Prices at factory gates in the eurozone rose as fast as expected in May despite diminished pressure from energy costs, data showed on Tuesday, reinforcing expectations of further interest rate increases.
With less than a decade left to meet its development targets, the United Nations said on Monday there were "staggering" obstacles to succeeding and conditions in many poor countries were actually worsening.
Animal diseases, especially bird flu, should cast the only shadow over healthy prospects until 2015 for the world livestock trade where demand will be fuelled by developing countries, a study showed on Tuesday.
European Union animal health experts have extended the bloc's ban on imports of poultry products from China, Malaysia and Thailand until the end of 2007, the European Commission said on Tuesday.
Malaysian share prices closed 0.52 percent higher on Tuesday on active buying interest in blue chips and lower liners, and driven by a sharp improvement in May export data, dealers said. They said speculative and follow-through interest in blue chips woul
Hong Kong stocks rose 0.26 percent in their fourth straight gaining session on Tuesday, finishing at their highest level in seven weeks, thanks to an improved interest rate outlook. In subdued trade before the US July 4 holiday, the benchmark Hang Seng in
US stocks rose on Monday in a light, holiday-shortened session, as weaker-then-expected economic data increased optimism about the interest-rate outlook and positive news about Citigroup Inc spurred gains in the banking sector.
Indonesian share prices closed 0.76 percent higher on Tuesday on Wall Street's overnight gains and following this week's release of tame June inflation data, dealers said. The firmer rupiah also helped boost market sentiment while profit-taking in select
US Treasury debt prices fell in thin pre-holiday trade on Monday because of perceptions that the underlying components of a manufacturing report were stronger than the overall figure suggested.
US Treasury debt prices fell in thin pre-holiday trade on Monday because of perceptions that the underlying components of a manufacturing report were stronger than the overall figure suggested.
Singapore share prices closed 0.43 percent higher on Tuesday on improving market sentiment as concerns eased over further US interest rate hikes, dealers said. The Straits Times Index rose 10.47 points to 2,448.73 on volume of 1.29 billion shares worth 96
Thai share prices closed 1.54 percent higher on Tuesday as the latest US economic indicator lifted hopes for a near end to rate hikes, dealers said. They said the Thai market also rose in line with gains in regional markets. The Stock Exchange of Thailand
Philippines share prices closed 2.81 percent higher on Tuesday, hitting a one-month high due to the decline of local Treasury Bill rates and the upsurge on Wall Street, dealers said.
The Nikkei share average rose 0.43 percent on Tuesday as Canon Inc and other blue chip shares gained on hopes for strong earnings ahead. Brokerage firms and other financial stocks gained, helping the broader TOPIX index end above 1,600 for the first time
Indian share prices closed down 0.31 percent on Tuesday, snapping three days of gains, as heavy rains in the financial capital Mumbai kept many traders away from their desks, dealers said. They said trading volumes were their lowest this year at 20.56 bil
China's main share index lost 0.93 percent on Tuesday as investors took profits in large-caps on the eve of the debut of Bank of China, Shanghai's biggest-ever listing. The benchmark Shanghai Composite Index held steady in the morning before falling to cl
Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.49/69.85 (previous 69.49/69.85). Call Money Rates: 6.00-11.00 percent (previous 5.75-12.50 percent).
The Swiss franc was little changed against the euro and dollar on Tuesday, taking in its stride strong euro zone and Swiss data from the previous session.
China's yuan opened higher against the dollar on Tuesday but came well off its highs by the close as some banks continued to work their way out of Monday's dollar short squeeze, traders said.
The euro hovered near a one-month high against the dollar and a record peak versus the yen on Tuesday after data suggested the prospects for higher interest rates have lessened in the United States but risen in the euro zone.
The dollar on Monday fell to its lowest against the euro in almost four weeks after a survey showed US manufacturing output grew more slowly than expected in June, reinforcing concerns about a slowdown in the sector.
The Hong Kong dollar struggled on Tuesday with selling amid interest-rate arbitrage trades, but the downside was capped by demand for funds due to the tightness in short-dated money rates.
Asian currencies extended gains to multi-week peaks on Tuesday, underpinned by the combination of weakness in the US dollar, fresh speculation on the Chinese yuan and the return of foreign portfolio flows to the region.