Israeli forces began leaving parts of south Lebanon on Tuesday as a UN truce largely held for a second day and the Lebanese army prepared to move south. Tens of thousands of refugees who had fled the month-long war between Israel and Hizbollah headed home
China could accept grain imports of about 10 percent of the country's needs by the end of the decade, an official at a government-linked think tank said, indicating central planners are gradually revising self-sufficiency targets.
Israeli forces began leaving parts of south Lebanon on Tuesday as a UN truce largely held for a second day and the Lebanese army prepared to move south. Tens of thousands of refugees who had fled the month-long war between Israel and Hizbollah headed home
London robusta coffee futures ended down on profit-taking by speculators on Monday following the market's recent surge to a 6-1/2-year high, dealers said. The benchmark November closed down $44, or 3.2 percent, at $1,345 a tonne after trading between $1,3
Pakistan's top envoy escaped a mine blast which killed seven people in the Sri Lankan capital Colombo on Monday as Tamil Tiger rebels accused Sri Lanka of bombing an orphanage and killing 61 children.
Gold fell nearly one percent on Monday as investors abandoned trading positions on weaker oil and a UN-brokered truce that went into effect to end five weeks of fighting in the Middle East.
Pakistan's top envoy escaped a mine blast which killed seven people in the Sri Lankan capital Colombo on Monday as Tamil Tiger rebels accused Sri Lanka of bombing an orphanage and killing 61 children.
Spring wheat futures at the Minneapolis Grain Exchange fell to eight-week lows on Monday on continued long liquidation following the USA's bearish wheat production estimates last week, traders said.
The inauguration ceremony of a memorial in Pakistan Air Force (PAF) museum in remembrance of service rendered by PAF Air Commodore Wladyslaw Turowicz was held here on Monday. According to a press release issued by the Consulate General of the Republic of
US front-month arabica coffee futures slumped more than 3 percent to a two-week low on Monday, with fund selling knocking the market down for the third consecutive session, market sources said.
The Oil and Gas Regulatory Authority (Ogra) on Tuesday announced that the prices of petroleum products for next fortnight effective August 31 will remain unchanged, a private TV channel reported.
London cocoa futures ended down on speculative selling on Monday, cancelling out market gains made in recent sessions, dealers said. The most-active December contract ended down 16 pounds, or 1.8 percent, at 879 pounds a tonne after trading between 898 an
The Pakistan Telecommunication Authority (PTA), defying the directives of Finance Division, caused huge financial damage to the national exchequer, the Auditor General of Pakistan (AGP) pointed out in the audit report.
Firmer trend was witnessed on the grain market on Tuesday as most of the commodities held their weekend levels in low business volume, dealers said. On the cereals side, wheat Mexipak both old and new type gained Rs 10 to Rs 1150-1165, they said.
The Pakistan Telecommunication Authority (PTA), defying the directives of Finance Division, caused huge financial damage to the national exchequer, the Auditor General of Pakistan (AGP) pointed out in the audit report.
Spot rate was lower modestly on the cotton market on Tuesday as the mills were not ready to pay price higher than their psychological levels, dealers said. The official spot rate was lower by Rs 25 to Rs 2450, without upcountry expenses.
The Pakistan Telecommunication Authority (PTA), defying the directives of Finance Division, caused huge financial damage to the national exchequer, the Auditor General of Pakistan (AGP) pointed out in the audit report.
Modest business was seen on the forward cottonseed oilcake market on Tuesday as buyers stuck some deals as the markets reopened, dealers said. The August vaida commenced at Rs 644.00 and closing was seen at the same level, they said.
The Central Board of Revenue (CBR) will shortly issue Standard Operating Procedure (SOP) for implementing a new law--Missing Traders Fraud--under which all partners in the supply chain would be jointly liable to deposit the unpaid amount of tax not paid a
Wheat futures at the Chicago Board of Trade settled mostly lower on Monday on technical selling, but late short-covering lifted prices up from session lows, traders said.
The Central Board of Revenue (CBR) will shortly issue Standard Operating Procedure (SOP) for implementing a new law--Missing Traders Fraud--under which all partners in the supply chain would be jointly liable to deposit the unpaid amount of tax not paid a
US FOB Gulf corn and soyabean export premiums rose on Monday as traders expected recent falls in futures prices to spur fresh demand, traders said. China may have bought more US soyabeans last week than traders initially thought. Traders believe China bou
The Central Board of Revenue (CBR) will shortly issue Standard Operating Procedure (SOP) for implementing a new law--Missing Traders Fraud--under which all partners in the supply chain would be jointly liable to deposit the unpaid amount of tax not paid a
Corn spot basis bids were steady to higher around the US Midwest on Tuesday as country movement was slow, but soyabean bids were mixed amid some scattered selling in the western Corn Belt, merchants said.
The political issues and profit taking in the blue scrips on Tuesday kept the bulls from staging a comeback, and the slide in the shares market continued unabated, the KSE-100 index plummeting another 89 points to close at 10317.41 points level.
The trading in plastic mouldings ended up on Tuesday in Jodia Bazar. The following variations were noted. Hdpe (Film) (Per lb) - Saudia 952 ended up by Rs 9.50 at Rs 58, Mobil closed higher by Rs 10 at Rs 58 and TR144 closed up by Rs 10 at Rs 58.
The political issues and profit taking in the blue scrips on Tuesday kept the bulls from staging a comeback, and the slide in the shares market continued unabated, the KSE-100 index plummeting another 89 points to close at 10317.41 points level.
The quality of UK wheat this year, most of which has been collected in southern growing areas, appears to be similar to 2005, farmers' co-operative Grainfarmers said on Tuesday.
The political issues and profit taking in the blue scrips on Tuesday kept the bulls from staging a comeback, and the slide in the shares market continued unabated, the KSE-100 index plummeting another 89 points to close at 10317.41 points level.
The Indian government has rolled back the increases in base import prices for most palm products but kept the price of soyabean oil unchanged. The government issued the latest prices late on Monday but it did not give reasons for the roll back.
On Tuesday, the BRIndex30 opened at 10,981.23 with a positive gap of 36.21 points closing at 10,811.18 with a negative change of -133.84 or -1.22 percent. The intra-day high and low were 10,986.43 and 10,785.86, respectively.
Corn futures at the Chicago Board of Trade fell to new contract lows and fresh 4-1/2 month lows on Monday on spillover selling by funds after last week's bearish USDA August crop production report, traders said.
On Tuesday, the BRIndex30 opened at 10,981.23 with a positive gap of 36.21 points closing at 10,811.18 with a negative change of -133.84 or -1.22 percent. The intra-day high and low were 10,986.43 and 10,785.86, respectively.
Chinese producers are lobbying Beijing to keep higher tax rebates on exports of semi-finished aluminium products as lower rebates would raise costs and hurt their investment, industry officials said on Tuesday.
The government has decided to hire private investigating agencies to ensure recovery of taxes from defaulters in 2006-07. Sources told Business Recorder on Tuesday the Central Board of Revenue (CBR) has taken the decision on failure of field format
The Karachi Port handled 63,349 tonnes of cargo including 60,768 tonnes import, 2,581 tonnes export cargo and 1,982 containers during last 24 hours ending at 0700 hours on Tuesday.
The government has decided to hire private investigating agencies to ensure recovery of taxes from defaulters in 2006-07. Sources told Business Recorder on Tuesday the Central Board of Revenue (CBR) has taken the decision on failure of field format
South African maize prices rebounded on Tuesday in response to a weaker rand, while data showed exports were up just slightly last week. The main December white maize contract rose just over one percent to 1,381 rand a tonne, clawing back some of its stee
The government has decided to hire private investigating agencies to ensure recovery of taxes from defaulters in 2006-07. Sources told Business Recorder on Tuesday the Central Board of Revenue (CBR) has taken the decision on failure of field format
A former prime minister, two ex-speakers, a deputy speaker, two former chief justices of Pakistan, an ex-governor and a former chief minister jointly called upon President Pervez Musharraf to step down, "so that Pakistan survives".
A former prime minister, two ex-speakers, a deputy speaker, two former chief justices of Pakistan, an ex-governor and a former chief minister jointly called upon President Pervez Musharraf to step down, "so that Pakistan survives".
Led by oil sector, equities registered losses on the Lahore Stock Exchange (LSE) amid sluggish trading trend due mainly to lack of interest on the part of institutions and investors. The LSE-25 index shed 64.99 points, moving down to 4486.73 points agains
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
Led by oil sector, equities registered losses on the Lahore Stock Exchange (LSE) amid sluggish trading trend due mainly to lack of interest on the part of institutions and investors. The LSE-25 index shed 64.99 points, moving down to 4486.73 points agains
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
Bears strengthened their positions at the Islamabad Stock Exchange (ISE) where major players and short-term margin hunters adopted cautious approach on the first trading day of the week amid decrease index.
Bears strengthened their positions at the Islamabad Stock Exchange (ISE) where major players and short-term margin hunters adopted cautious approach on the first trading day of the week amid decrease index.
A top British Muslim policeman has warned that any moves to "terror profile" airline passengers would create a new offence - "travelling whilst Asian".
Police chiefs may ask the government for new powers to dispense "instant justice" on the streets without bringing suspects to court, a police body said on Tuesday. It would be the modern equivalent of the "clip round the ear from the local bobby" to help
China has told big state-owned enterprises (SOEs) that no more than 10 percent of their investments may be outside their core business, the official Xinhua news agency reported on Tuesday.
US companies may sell as much as $80 billion of debt in September, nearly 30 percent more than year-ago volumes, after a pause in the Federal Reserve's interest rate hikes made investors more comfortable with credit risk.
US companies may sell as much as $80 billion of debt in September, nearly 30 percent more than year-ago volumes, after a pause in the Federal Reserve's interest rate hikes made investors more comfortable with credit risk.
The disposal process of old tax record is very slow at CBR Headquarters, it is learnt. Sources told Business Recorder on Tuesday that CBR Members are not taking this exercise seriously despite repeated directives of the Administration Wing. The exe
Ukraine's gross domestic product growth accelerated to 5.5 percent in the first seven months of the year compared with a rise of 3.7 percent in the same period a year ago, the State Statistics Committee said on Tuesday.
A delegation of Securities and Exchange Commission of Sri Lanka visited the Islamabad Stock Exchange (ISE) to have first hand knowledge of the capital market reforms in Pakistan. The delegation included SEC Chairman Gamini Wickramasinghe and SEC Director
Pakistani authorities on Tuesday arrested a group of 27 suspected Taliban fighters after a raid on a private hospital in Quetta, police said. Ten wounded Taliban and 17 uninjured militants were arrested from the private Al-Khair hospital in Quetta, police
Pakistani authorities on Tuesday arrested a group of 27 suspected Taliban fighters after a raid on a private hospital in Quetta, police said. Ten wounded Taliban and 17 uninjured militants were arrested from the private Al-Khair hospital in Quetta, police
President Pervez Musharraf on Monday expressed his strong commitment to the independence of judiciary in Pakistan and said the government is resolved to provide an enabling environment for dispensation of speedy justice for all.
Prime Minister Shaukat Aziz on Monday urged the young generation to adhere to the golden words of unity, faith and discipline of Quaid-e-Azam Mohammad Ali Jinnah to transform Pakistan into a modern, progressive country.
Prime Minister Shaukat Aziz has said that for the first time in the history Pakistan has been strong in defence, economy, and politically democratically.
The Federal Minister for Water and Power, Liaquat Ali Jatoi has said that no-confidence motion against the Prime Minister Shaukat Aziz would fail badly because government enjoys enough majority in the Parliament.
Federal Interior Minister Aftab Ahmed Sherpao, talking to a private TV news channel, has stated that the entire country will soon have fingerprinting facility. He said the government was taking measures to improve performance and efficiency of the police,
Federal Health Minister Nasir Ahmed Khan has said the government has exempted the medical and surgical equipment from taxes to facilitate private sector for providing better health facilities to the people.
The State Bank of Pakistan (SBP) has invited tenders separately for Rs 10 billion three-month, six-month and one-year Treasury Bills for August 16, 2006. The tender will be opened at 11:30 hours on Wednesday, August 16, 2006. Result will be announced the
The State Bank of Pakistan (SBP) has invited tenders separately for Rs 10 billion three-month, six-month and one-year Treasury Bills for August 16, 2006. The tender will be opened at 11:30 hours on Wednesday, August 16, 2006. Result will be announced the
Punjab Chief Minister Chaudhry Pervaiz Elahi has said that provincial government was spending a substantial amount to take care of historical places and cultural heritage of Lahore. Addressing a function at Lahore Fort on Tuesday.
Sindh governor Dr Ishratul Ibad has expressed the hope that PTCL would continue to provide best telecom facilities to its customers and there is a dire need of a comparatively good telecom package for customers.
Dewan Sugar Mills Limited (Dewan Sugar) is a public limited company incorporated on June 27, 1982 under the Companies Act, 1913 (now the Companies Ordinance, 1984) and its shares are listed on Karachi and Lahore Stock Exchanges in Pakistan.
Governor Punjab, Lieutenant General Khalid Maqbool (Retd) has said that construction of Kalabagh dam is a must for the progress of the country and prosperity of its people. Addressing the inauguration ceremony of the 500-KV grid station which completed wi
Dewan Sugar Mills Limited (Dewan Sugar) is a public limited company incorporated on June 27, 1982 under the Companies Act, 1913 (now the Companies Ordinance, 1984) and its shares are listed on Karachi and Lahore Stock Exchanges in Pakistan.
British Council is offering 30 scholarships to Pakistanis with Master degree for ten fields of studies mentioning business administration, economics, gender studies, human rights, international relations, law, management, media studies, public administrat
The Anti-violence Crime Cell (AVCC) on Tuesday arrested three more persons, allegedly involved in the assassination of Allama Hasan Turabi. DSP Khurram Waris of AVCC said that the Cell on a tip-off conducted a raid at a place on Nishtar Road under the jur
Wapda officers and employees, all over the country, celebrated the Independence Day of Pakistan in a graceful manner on Monday. The day dawned with special prayers for integrity, solidarity and progress of Pakistan after Fajr prayer in the mosques of Wapd