Bearish onslaught prevailed in all energy, banking and cement scrips at KSE on Monday as the market failed to convince leading investors and financial institutions to lend support. The KSE-100 index tumbled by 331 points, or 3.4 percent, to close at the 9
On the start of a new week, the BRIndex30 opened with a jump gap of 50.03 on Monday. It opened at 10,347.63 and remained in the red throughout the trading period, recording the low of 9,848.47 and high of 10,347.63.
On the start of a new week, the BRIndex30 opened with a jump gap of 50.03 on Monday. It opened at 10,347.63 and remained in the red throughout the trading period, recording the low of 9,848.47 and high of 10,347.63.
The federal government has given approval to five business houses of the country to set up power plants at an estimated cost of around $1 billion, sources told Business Recorder on Monday. They said that the five business houses, which have been gi
The federal government has given approval to five business houses of the country to set up power plants at an estimated cost of around $1 billion, sources told Business Recorder on Monday. They said that the five business houses, which have been gi
The federal government has given approval to five business houses of the country to set up power plants at an estimated cost of around $1 billion, sources told Business Recorder on Monday. They said that the five business houses, which have been gi
A government spokesman on Monday said no decision has yet been taken to ground PIA's Fokker F-27 fleet. Quashing reports in the media that the Prime Minister had ordered grounding of the fleet following crash of PK-688 at Multan, the spokesman said a high
The local share market nose-dived on Monday, following rising worries of market players after allegations levelled by a former SECP chief against brokers and government high-ups, holding them responsible for the March 2005 crisis.
The local share market nose-dived on Monday, following rising worries of market players after allegations levelled by a former SECP chief against brokers and government high-ups, holding them responsible for the March 2005 crisis.
Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where equities continued to show negative signs under the lead of hot favourite amid decrease in index. ISE Ten index showed a decrease of 124.11 points, as the ten index moved from
Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where equities continued to show negative signs under the lead of hot favourite amid decrease in index. ISE Ten index showed a decrease of 124.11 points, as the ten index moved from
Ireland trails only Japan as the country with the highest average wealth per head, with 30,000 millionaires, according to a report on Monday from the private banking arm of one of Ireland's biggest commercial banks.
The Collectorate of Sales Tax has not paid a single penny in head of sales tax refund to the NWFP exporters as the pendency has climbed to Rs 1 billion in last three months, business circles told Business Recorder here on Monday.
Global Finance, New York, one of the leading financial journals, has selected National Bank of Pakistan (NBP) as "The Best Foreign Exchange Bank in Pakistan-2006". This is the third consecutive year that NBP has won this prestigious award.
Global Finance, New York, one of the leading financial journals, has selected National Bank of Pakistan (NBP) as "The Best Foreign Exchange Bank in Pakistan-2006". This is the third consecutive year that NBP has won this prestigious award.
Global Finance, New York, one of the leading financial journals, has selected National Bank of Pakistan (NBP) as "The Best Foreign Exchange Bank in Pakistan-2006". This is the third consecutive year that NBP has won this prestigious award.
The elections for Azad Jammu and Kashmir legislative Assembly will take place today (Tuesday) wherein 2.4 million voters to choose 41 members for five year term from amongst 369 contesting candidates.
US and Afghan government forces attacked an insurgent stronghold in the southern province of Uruzgan on Monday, killing more than 40 of them, the US military said. US-led troops have mounted big offensives in Afghanistan's south and east over recent weeks
US and Afghan government forces attacked an insurgent stronghold in the southern province of Uruzgan on Monday, killing more than 40 of them, the US military said. US-led troops have mounted big offensives in Afghanistan's south and east over recent weeks
The government has failed to implement the Rs 70 billion project to connect Gwadar deep-sea port with the country's main rail network. Despite firm directives by President General Pervez Musharraf, the Ministry of Railways has only managed to prepare a fe
The government has failed to implement the Rs 70 billion project to connect Gwadar deep-sea port with the country's main rail network. Despite firm directives by President General Pervez Musharraf, the Ministry of Railways has only managed to prepare a fe
The government has failed to implement the Rs 70 billion project to connect Gwadar deep-sea port with the country''s main rail network. Despite firm directives by President General Pervez Musharraf, the Ministry of Railways has only managed to prepare a f
The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
Ahmad Nadeem Qasmi, a major figure in contemporary Urdu literature died of cardiac arrest in the wee hours here at Punjab Institute of Cardiology on Monday. He was 90. Born on November 20, 1916 in village Anga, district Khushab, Qasmi had some 50 books of
Ahmad Nadeem Qasmi, a major figure in contemporary Urdu literature died of cardiac arrest in the wee hours here at Punjab Institute of Cardiology on Monday. He was 90. Born on November 20, 1916 in village Anga, district Khushab, Qasmi had some 50 books of
US Secretary of State, Condoleezza Rice has said that bilateral relations between Pakistan and the United States have "broadened and deepened" as a result of President George Bush's recent visit to Islamabad.
A team of investigators will soon visit a notorious US prison at Guantanamo Bay in Cuba to ascertain the exact number of Pakistani detainees, charges against them and to spearhead efforts for their early release, Interior Secretary Kamal Shah said.
There was no let-up in the unannounced load shedding, uninterrupted power breakdowns and continued inattention to distressed consumers' complaints only to ask when the switched off power supply would be resumed to their areas.
The board of directors of the AMZ Asset Management Limited has announced a bonus for AMZ Plus Income Fund (Apif) of Rs 4.1438 per unit for the period February 25 to June 30, 2006 amounting to 12 percent per annum return on the face value of Rs 100. The bo
The board of directors of the AMZ Asset Management Limited has announced a bonus for AMZ Plus Income Fund (Apif) of Rs 4.1438 per unit for the period February 25 to June 30, 2006 amounting to 12 percent per annum return on the face value of Rs 100. The bo
Sindh Chief Minister Dr Arbab Ghulam Rahim on Monday expressed deep grief and sorrow over the sad incident of plane crash near Multan, resulting in loss of 45 lives. In a condolence message to the bereaved families, he extended his heart-felt condolence t
UBL Fund Managers Limited announced record bonus units for its Fixed Investment Fund series comprising of United Money Market Fund (UMF) and United Growth and Income Fund (UGIF) respectively.
In its Annual Report 2005 the company has posted accounts for last year's nine months ended June 30, 2005 (9M 2004-05) and in the quarterly unaudited accounts ended March 31 2006 the company has posted financials for the nine months of current year (9M 20
UBL Fund Managers Limited announced record bonus units for its Fixed Investment Fund series comprising of United Money Market Fund (UMF) and United Growth and Income Fund (UGIF) respectively.
In its Annual Report 2005 the company has posted accounts for last year's nine months ended June 30, 2005 (9M 2004-05) and in the quarterly unaudited accounts ended March 31 2006 the company has posted financials for the nine months of current year (9M 20
Three new cadet colleges are being established at Pasrur in Sialkot district, and Choa Saiden Shah in Chakwal district and Essa Khel in Mianwali district.
Bearish sentiment prevailed in the currency market on Monday as the dollars' demand by the corporate sector was higher, dealers observed. Another, leading factor was the international market closure, which dried the dollars' supply in the market, currency
The crash of a Pakistan International Airlines (PIA) Fokker F 27 plane on Monday, killing 45 people on board, was not the first of such incidents in the country's civil aviation history.
Bearish sentiment prevailed in the currency market on Monday as the dollars' demand by the corporate sector was higher, dealers observed. Another, leading factor was the international market closure, which dried the dollars' supply in the market, currency
Water and Power Development Authority (Wapda) Chairman Tariq Hamid has said that transmission of electric power is being strengthened and a sum of Rs 19.6 billion will be spent during the current fiscal year for the purpose.
The Supreme Court has summoned Advocate General Punjab, District Nazim and District Co-ordination Officer and the authority responsible for water supply in Faisalabad on July 17 in Lahore.
An activist of Sunni Tehrik was targeted and gunned down on Monday morning at Shahra-e-Faisal road in Airport jurisdiction. He was identified as Dilshad Qadri son of Mohammed Haneef. Deceased said to be the driver of Sarwat Ejaz Qadri, leader of ST.
The City Nazim Syed Mustafa Kamal on Monday laid the foundation stone of a stadium in Baldia town, and said it would be completed in two years time at an estimated cost of Rs 121.07 million on 25 acres of plot.
Site Association of Industry (SAI) Chairman Ameen Bandukda expressed anguish over rising crimes in Site area. Chairing the meeting, two days back to review the current law and order situation in Site area, he said the industrialists of the area are much w
Abdul Majeed Memon, Senior Vice President of Karachi Chamber of Commerce and Industry (KCCI) will act as President KCCI in the absence of the President Haroon Farooki, said a KCCI press release issued here on Monday.
Sindh High Court on Monday issued pre-admission notices to Privatisation Commission, Ministry of Water and Power, new management of Karachi Electric Supply Corporation, and others for July 25, 2006, on petition against KESC privatisation.