Palm oil prices in the international market shot up by $35 per ton during the last week, deteriorating further the ongoing edible oil crisis that had been deepened in the domestic market in the wake of widening gap between demand and supply, sources told
The Council of Common Interests (CCI) will not meet here on Wednesday as its chairman Prime Minister Shaukat Aziz is leaving for Malaysia to attend emergency summit session of the Organisation of Islamic Conference (OIC) called to review the situation ari
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 Council of Common Interests (CCI) will not meet here on Wednesday as its chairman Prime Minister Shaukat Aziz is leaving for Malaysia to attend emergency summit session of the Organisation of Islamic Conference (OIC) called to review the situation ari
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 Pakistan Poverty Alleviation Fund (PPAF) has committed an additional Rs 4.2 billion ($70 million) for poverty alleviation in Pakistan. PPAF sources said this financing was approved in the 40th meeting of the Pakistan Poverty Alleviation Fund board of
The government has fixed wheat release price for the mills at Rs 11,000 per ton for 2006-07, and asked provincial food departments and Pakistan Agriculture Storage and Services Corporation (Passco) to follow a quota-free and liberal policy till December 3
A retired judge heading an autonomous human rights commission in Indian occupied Kashmir (IOK) has resigned, arguing the government was not taking the body seriously, reports said on Tuesday.
Bulgaria expects an overall wheat crop of 3.1 million tonnes, in line with the farm ministry's forecast but still below last year's 3.48 million tonnes, a senior agriculture official said on Tuesday.
Five security personnel and four freedom fighters have been killed in a fresh surge of violence that saw shooting at a popular tourist spot in Indian occupied Kashmir, police said on Tuesday.
Poland's Grain Chamber said on Tuesday it had trimmed its 2006 grain harvest estimate to around 25.2 million tonnes from the previously forecast 27.5 million tonnes due to continuing dry, hot weather last month.
Five security personnel and four freedom fighters have been killed in a fresh surge of violence that saw shooting at a popular tourist spot in Indian occupied Kashmir, police said on Tuesday.
The Karachi Port handled 27,334 tonnes of cargo including 19,204 tonnes import, 8,130 tonnes export cargo and 344 containers during last 24 hours ending at 0700 hours on Tuesday.
An angry mob on Monday night attacked Peshawar Electricity Supply Company (Pesco)'s Grid Station in Jala, district Mardan and burnt several vehicles including truck, tractor and important installations including Relay Channel, and other precious equipment
Farmgate prices in Ivory Coast's cocoa growing regions were mixed from July 24 to 30, Coffee and Cocoa Bourse (BCC) data showed on Tuesday as demand fell for fast-diminishing but good quality cocoa stocks.
The Regional Commissioners of Income Tax (RCITs) are likely to register the non-profit organisations (NPOs), institutions/funds/trusts/societies and give income tax exemption after necessary documentation. At present, the NPOs are bound to submit applicat
An Indian container ship which developed a technical fault and began drifting off the west coast of India near Mumbai at the weekend will be towed to a nearby port, its owners said on Tuesday.
The Regional Commissioners of Income Tax (RCITs) are likely to register the non-profit organisations (NPOs), institutions/funds/trusts/societies and give income tax exemption after necessary documentation. At present, the NPOs are bound to submit applicat
Hungary's wheat harvest is nearly complete, with yields averaging 4.1 tonnes per hectare but varying widely due to poor results in flood-hit regions, the Agriculture Ministry said on Tuesday. The yield on the 1.082 million hectares sown is down from 4.5 t
The Regional Commissioners of Income Tax (RCITs) are likely to register the non-profit organisations (NPOs), institutions/funds/trusts/societies and give income tax exemption after necessary documentation. At present, the NPOs are bound to submit applicat
US hard red winter wheat spot basis bids were steady on Tuesday, with mill demand light, merchants said. Protein premiums for railcar wheat to and through Kansas City were steady to 1 cent lower, with wheat movement out of the country still aggressive and
The Regional Commissioners of Income Tax (RCITs) are likely to register the non-profit organisations (NPOs), institutions/funds/trusts/societies and give income tax exemption after necessary documentation. At present, the NPOs are bound to submit applicat
Spot basis bids for corn were steady to slightly firmer around the interior US Midwest Tuesday but fell at river locations, grain dealers said. Cash bids for wheat and soyabeans were mostly steady.
HBOS Plc, Britain's biggest mortgage lender, beat analysts' expectations with a 13 percent rise in first-half profit on Tuesday as its new chief executive ruled out making any big acquisitions.
Sales for Dubai's gold industry dropped 30 percent in the first half of the year as gold prices soared, the chairman of a gold and jewellery trade group in the Gulf emirate said.
HBOS Plc, Britain's biggest mortgage lender, beat analysts' expectations with a 13 percent rise in first-half profit on Tuesday as its new chief executive ruled out making any big acquisitions.
The average price of Bangladesh teas rose up more than 1.0 percent to 99.40 taka ($1.43) per kg on higher demand at a weekly auction on Tuesday, brokers said.
Sri Lankan troops continued their slog through mines and mortar fire towards a Tamil Tiger-held water supply on Tuesday, while jets hit rebel positions and a military transport ship was attacked.
US FOB Gulf corn and soyabean prices held mostly steady on Monday, supported by slow farmer selling, traders said. Extreme heat in the US Midwest have farmers holding onto their remaining old-crop corn and soyabeans in hope that the weather will drive pri
Jinan Iron and Steel and Laiwu Steel, two of China's largest steel companies, said Tuesday they planned to join forces to boost their presence in a crowded and competitive marketplace.
Wheat futures at the Chicago Board of Trade closed higher on Monday amid dwindling global wheat stocks and supportive export news, traders said. Support also stemmed from a technical bounce after the market last Wednesday fell to a one-month low.
Bulls commanded the proceedings on the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. ISE-10 index showed an improvement of 8.38 points, as the index moved from 2,807.83 to 2,816.21 points.
Bulls commanded the proceedings on the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. ISE-10 index showed an improvement of 8.38 points, as the index moved from 2,807.83 to 2,816.21 points.
Modest business was seen on the cotton market on Tuesday as some mills showed interest in fresh buying, dealers said. The official spot rate was unchanged at Rs2500, without upcountry expenses. According to market sources, a few mills covered their short-
A Congolese opposition party and former rebel group on Tuesday denounced what it called widespread fraud in the country's historic elections in a protest that heralded a bitter political dispute over the polls.
Kenya coffee prices jumped on Tuesday as exporters competed strongly for the limited volume of high quality coffee from the early crop on offer, and as the market took its traditional month-long break, traders said.
Reacting to MQM's decision to back-out from the dialogue process with the government, equities showed mixed trend on the Lahore Stock Exchange (LSE), while Pakistan State Oil (PSO) and Pakistan Telecommunication Limited (PTCL) helped market closure in pos
Not much activity was seen on the grain market on Tuesday as most of the buyers kept on the sidelines due to less buying interest, dealers said. On the seed side, cottonseed oilcake with bag inferior type gained Rs20 to Rs700 and good type rose by Rs15 to
Reacting to MQM's decision to back-out from the dialogue process with the government, equities showed mixed trend on the Lahore Stock Exchange (LSE), while Pakistan State Oil (PSO) and Pakistan Telecommunication Limited (PTCL) helped market closure in pos
Asian oil product swaps rebounded on Tuesday, prompted by overnight gains in US crude futures but the contangoes of both gas oil and naphtha widened on slowing regional demand and rising supply. August gas oil rose $1.20 from Monday to $86.20 a barrel, wh
The commerce ministry on Tuesday notified the procedures for export and import of goods announced in the Trade Policy 2006-07. According to the import policy order, imports may be allowed against all modes of payment subject to procedures prescribed by th
Domestic coffee prices in Vietnam, the world's second-largest producer after Brazil, rose to a new year high of 19,700 dong ($1.23) per kilogram on Tuesday, but thin stocks have prevented sales from jumping, traders said.
The commerce ministry on Tuesday notified the procedures for export and import of goods announced in the Trade Policy 2006-07. According to the import policy order, imports may be allowed against all modes of payment subject to procedures prescribed by th
Spring wheat futures at the Minneapolis Grain Exchange closed higher on Monday following gains in the Chicago market and due to light hedge selling, traders said. "We're just following the outside markets, Chicago and Kansas City, and there were only a fe
The commerce ministry on Tuesday notified the procedures for export and import of goods announced in the Trade Policy 2006-07. According to the import policy order, imports may be allowed against all modes of payment subject to procedures prescribed by th
US cocoa futures settled in negative territory on Monday, weighed down by light speculative selling and spread trading amid market expectations for steady supply, market sources said. The New York Board of Trade's benchmark cocoa contract for delivery in
As the banks are required to cap their investment in shares at 20 percent of their equity, the strategic investment is excluded from the subject limit to enable banks to take exposure in these investments within overall permissible limits per company.
Cotton futures settled easier on Monday on speculative sales but trade buying pared its losses and the market may be stuck in a band this week due to a dearth of news in the pit, brokers said.
As the banks are required to cap their investment in shares at 20 percent of their equity, the strategic investment is excluded from the subject limit to enable banks to take exposure in these investments within overall permissible limits per company.
Arabica coffee futures ticked down on Monday, pressured by light producer selling and speculators taking profit from the benchmark's rise to its loftiest price in nearly three weeks, traders said.
As the banks are required to cap their investment in shares at 20 percent of their equity, the strategic investment is excluded from the subject limit to enable banks to take exposure in these investments within overall permissible limits per company.
China's output of summer grains rose 7 percent this year, creating worries that falling prices would erode farmers' incomes and lead to less planting in the future, the official Economic Daily said on Tuesday.
As the banks are required to cap their investment in shares at 20 percent of their equity, the strategic investment is excluded from the subject limit to enable banks to take exposure in these investments within overall permissible limits per company.
Comex copper futures finished on Monday with healthy increases and prospects for more gains after it rallied throughout the session on Friday following a strike vote at the world's largest copper mine in Chile, traders said.
The State Bank of Pakistan (SBP) has decided that henceforth no bank/DFI shall charge any amount under the head of ''insurance premium'' (by whatsoever name called) without obtaining the consent of each existing and prospective customer in writing.
Gold futures in New York settled a touch lower on Monday on end-of-the-month book squaring, after bullion prices were pressured in lackluster, rangebound trade in Europe, market sources said. A weaker dollar and firm crude price failed to give gold much o
The State Bank of Pakistan (SBP) has decided that henceforth no bank/DFI shall charge any amount under the head of 'insurance premium' (by whatsoever name called) without obtaining the consent of each existing and prospective customer in writing.
Tokyo gold futures inched down on Tuesday tracking New York gold's decline, but prices largely stayed within recent ranges in the absence of fresh news to provide direction. Some market participants also said trade would be cautious ahead of a batch of ec
The State Bank of Pakistan (SBP) has decided that henceforth no bank/DFI shall charge any amount under the head of 'insurance premium' (by whatsoever name called) without obtaining the consent of each existing and prospective customer in writing.
Gold bounced back on Tuesday as the dollar remained under pressure from expectations the Federal Reserve would refrain from raising rates again next week.
A committee set up by President Pervez Musharraf on Tuesday held a meeting chaired by Prime Minister Shaukat Aziz, decided to keep doors open and utilise all options to find an amicable solution to Sindh crisis, reports AAJ TV.
Ukraine will harvest nearly 20 percent more sugar beet this year, enough to meet demand, as the country's top processors begin to invest in beet cultivation and acquiring smaller plants, industry analysts said on Tuesday.
A committee set up by President Pervez Musharraf on Tuesday held a meeting chaired by Prime Minister Shaukat Aziz, decided to keep doors open and utilise all options to find an amicable solution to Sindh crisis, reports AAJ TV.
Oil held steady near $75 on Tuesday as dealers remained on edge over geopolitical tensions in the Middle East and after heat waves in the United States and Europe triggered a surge in natural gas prices. US light sweet crude for September delivery slipped
Political crisis has deepened after the refusal of the MQM to participate in the reconciliatory meeting called by President General Pervez Musharraf and return to Karachi on Tuesday. However, the President held the meeting in which the Sindh chief ministe
Malaysian tin closed down $4 a tonne on Tuesday, despite increase in prices on the London Metals Exchange, because of a technical correction, one dealer said.
Political crisis has deepened after the refusal of the MQM to participate in the reconciliatory meeting called by President General Pervez Musharraf and return to Karachi on Tuesday. However, the President held the meeting in which the Sindh chief ministe
Copper prices fell more than 2 percent on Tuesday, but held steady around $7,800 a tonne on concerns about tight supply following a strike vote at the world's largest copper mine in Chile.
On Tuesday, the BRIndex30 opened at 11,082.46 with a positive gap of 36.81 points. It showed a change of 54.34 or 0.49 percent with intra-day high of 11,175.45 and low of 10,998.99 before closing at 11,099.99. The volume amounted to 206,756,700, which was
Indian sugar futures firmed on Tuesday on news the government was allowing exports of sugar that were in transit, while wheat futures were mixed on an increase in supply. Soy oil nudged higher after the government raised base prices used for calculating i
On Tuesday, the BRIndex30 opened at 11,082.46 with a positive gap of 36.81 points. It showed a change of 54.34 or 0.49 percent with intra-day high of 11,175.45 and low of 10,998.99 before closing at 11,099.99. The volume amounted to 206,756,700, which was
Raw sugar prices ended higher on Monday on light trade buying and some analysts feel the market's recent fall to six-week lows caused by fund liquidation appears to be stalling. New York Board of Trade October raw sugar added 0.15 cent to conclude at 14.9
Mixed trend prevailed on the Karachi Stock Exchange (KSE) on Tuesday with index oscillated several times between thee negative and positive zones It finally closed at 10507.09 points after gaining 9.46 points. Banks and cements contributed positively to t
Soybean futures at the Chicago Board of Trade closed firm on Monday due to worries about the US crop, which was under stress from extreme heat in the US Midwest, traders said. But the session was choppy and soybeans were pulled lower off-and-on amid the w
Mixed trend prevailed on the Karachi Stock Exchange (KSE) on Tuesday with index oscillated several times between thee negative and positive zones It finally closed at 10507.09 points after gaining 9.46 points. Banks and cements contributed positively to t
Hamburg-based oilseeds analyst Oil World said it has cut its estimate of global 2006/07 soyabean production to 221 million tonnes, two million tonnes down from its previous forecast and against 219.86 million tonnes harvested last season.
Mixed trend prevailed on the Karachi Stock Exchange (KSE) on Tuesday with index oscillated several times between thee negative and positive zones It finally closed at 10507.09 points after gaining 9.46 points. Banks and cements contributed positively to t
Rough rice futures at the Chicago Board of Trade closed slightly firmer on Monday with spreading the day's feature, traders said. "It was all spread trade index-type funds were rolling out of their long September positions into November," said one rice tr
Portfolio investors belonging to Hong Kong, USA, and Switzerland pulled out on July 28 a net amount of $1 million from their Special Convertible Rupee Accounts or SCRAs maintained with the authorised dealers (scheduled banks) in Pakistan.
Tokyo rubber futures ended mixed on Tuesday as many players stayed on the sidelines, but physical prices remained steady with some small deals done, dealers said.
Portfolio investors belonging to Hong Kong, USA, and Switzerland pulled out on July 28 a net amount of $1 million from their Special Convertible Rupee Accounts or SCRAs maintained with the authorised dealers (scheduled banks) in Pakistan.
Malaysian crude palm oil futures rose nearly 2 percent on Tuesday, driven by hopes that the strong export performance will continue in August and higher prices of rival soyoil. Exports of Malaysian palm products in July stood at 1,225,495 tonnes, up 11.3
Portfolio investors belonging to Hong Kong, USA, and Switzerland pulled out on July 28 a net amount of $1 million from their Special Convertible Rupee Accounts or SCRAs maintained with the authorised dealers (scheduled banks) in Pakistan.
Brazilian aircraft maker Embraer said on Tuesday that Gold Aviation Services, an air charter company based in Florida, had placed a firm order for five executive jets.
Israeli Prime Minister Ehud Olmert said on Tuesday he saw signs of movement toward a cease-fire and Hizbollah had suffered heavy losses, comments that appeared to prepare the ground for an end to fighting.
Eastman Kodak Co on Tuesday posted a wider second-quarter net loss and cut its full-year revenue outlook, sending its shares down 7.5 percent, as the top maker of photographic film found its shift to digital products more difficult than expected.
Iran reacted angrily Tuesday to a UN Security Council resolution ordering it to freeze sensitive nuclear work by the end of the month, with one top official branding the text as "worthless".
Eastman Kodak Co on Tuesday posted a wider second-quarter net loss and cut its full-year revenue outlook, sending its shares down 7.5 percent, as the top maker of photographic film found its shift to digital products more difficult than expected.
Sindh Governor Dr Ishratul Ibad late Tuesday night held a meeting with Prime Minister Shaukat Aziz at Prime Minister House in Islamabad to sort out issues arising out of resignation of MQM ministers, Aaj TV reported.
The European Bank for the Reconstruction and Development (EBRD) and Bosnia signed a 12 million euro ($15.30 million)loan on Tuesday that will enable the Balkan country to take sole control its air space.
Israel continued targeting Hizbollah positions in Lebanon, Aaj TV special corespondent, Batool Fatima, reported from Beirut on Tuesday. More and more civilians are coming under Israeli barrage of fire as it becomes more ferocious, destructive and w
Global manufacturing growth expanded at the fastest pace in three months in July and cost pressures hit their highest levels in almost two years, a global indicator based on national surveys showed on Tuesday.
Israel continued targeting Hizbollah positions in Lebanon, Aaj TV special corespondent, Batool Fatima, reported from Beirut on Tuesday. More and more civilians are coming under Israeli barrage of fire as it becomes more ferocious, destructive and w
Singapore Airlines, the world's second-biggest airline by stock market value, more than doubled its quarterly profit, its first increase in six quarters, helped by a one-off gain from the sale of property.
The Central Board of Revenue (CBR) in consultation with Prime Minister Shaukat Aziz has chalked out quarter-wise revenue collection target for the fiscal year 2006-07.