Prime Minster Shaukat Aziz on Monday asked KESC to ensure that unplanned and unannounced power breakdowns are avoided and electricity demand is managed by adopting energy conservation techniques besides an increase in capacity and power supply by Wapda. H
Prime Minster Shaukat Aziz on Monday asked KESC to ensure that unplanned and unannounced power breakdowns are avoided and electricity demand is managed by adopting energy conservation techniques besides an increase in capacity and power supply by Wapda. H
Massive smuggling of over 100-year old Russian scrap is gripping the domestic market and marginalising the local ship breaking steel coming out from dismantling of vessels. Sources told Business Recorder that the scrap material of "Moon Phara or Ha
Massive smuggling of over 100-year old Russian scrap is gripping the domestic market and marginalising the local ship breaking steel coming out from dismantling of vessels. Sources told Business Recorder that the scrap material of "Moon Phara or Ha
Massive smuggling of over 100-year old Russian scrap is gripping the domestic market and marginalising the local ship breaking steel coming out from dismantling of vessels. Sources told Business Recorder that the scrap material of "Moon Phara or Ha
The federal government has given green signal to the customs authorities to immediately release the detained wheat export consignments at two ports, sources in the Ministry of Food and Agriculture and Livestock (Minfal) told Business Recorder.
The federal government has given green signal to the customs authorities to immediately release the detained wheat export consignments at two ports, sources in the Ministry of Food and Agriculture and Livestock (Minfal) told Business Recorder.
The federal government has given green signal to the customs authorities to immediately release the detained wheat export consignments at two ports, sources in the Ministry of Food and Agriculture and Livestock (Minfal) told Business Recorder.
The Oil and Gas Regulatory Authority (Ogra) on Monday announced that the prices of petroleum products for next fortnight effective from May 1 will remain unchanged, a private TV channel reported.
The Oil and Gas Regulatory Authority (Ogra) on Monday announced that the prices of petroleum products for next fortnight effective from May 1 will remain unchanged, a private TV channel reported.
The Oil and Gas Regulatory Authority (Ogra) on Monday announced that the prices of petroleum products for next fortnight effective from May 1 will remain unchanged, a private TV channel reported.
The Central Board of Revenue (CBR) has collected Rs 646.9 billion during July-April (2006-2007) against the target of Rs 645.1 billion, denoting an increase of Rs 1.8 billion. According to the provisional figures released on Monday, the net revenue collec
The Central Board of Revenue (CBR) has collected Rs 646.9 billion during July-April (2006-2007) against the target of Rs 645.1 billion, denoting an increase of Rs 1.8 billion. According to the provisional figures released on Monday, the net revenue collec
The Central Board of Revenue (CBR) has collected Rs 646.9 billion during July-April (2006-2007) against the target of Rs 645.1 billion, denoting an increase of Rs 1.8 billion. According to the provisional figures released on Monday, the net revenue collec
Britain's attempts to secure the extradition of Rashid Rauf, a suspect in a terrorist plot involving the explosion of US-bound passenger jets from Britain, from Pakistan are stalling because of Pakistani demands, The Daily Telegraph reported on Monday.
The border between Pakistan and China is being opened on Tuesday, (May 1, 2007). This was stated by the officials of Northern Areas administration in Gilgit on Monday. Customs and other relevant departments' staff have arrived at Sost check post to facili
Peshawar Electricity Supply Company (Pesco)'s recovery campaign against defaulting provincial government departments is in full swing. The power supplies to the departments that failed to pay the arrears before the expiry of the deadline have been disconn
A judge handed down life jail terms on Monday to five men convicted of plotting an al Qaeda bombing campaign in Britain, including one with links to the ringleader of the 2005 attacks in London.
A judge handed down life jail terms on Monday to five men convicted of plotting an al Qaeda bombing campaign in Britain, including one with links to the ringleader of the 2005 attacks in London.
India, the world's largest tea grower from plantations in southern and northeast highlands, aims to boost exports to Pakistan from a record crop this year, an industry body said on Monday.
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
All Pakistan Textile Mills Association (APTMA) has conveyed its shock and dismay on the news that Wapda intends to embark on another round of loadshedding from the coming week.
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
Iran suggested on Monday that it would welcome any Gazprom involvement in a proposed $7 billion gas pipeline to India via Pakistan, with a senior official saying it would speed progress.
Iran suggested on Monday that it would welcome any Gazprom involvement in a proposed $7 billion gas pipeline to India via Pakistan, with a senior official saying it would speed progress.
Iran suggested on Monday that it would welcome any Gazprom involvement in a proposed $7 billion gas pipeline to India via Pakistan, with a senior official saying it would speed progress.
A cold front brought some rain to forested coffee areas over the weekend, but this coming week will be clear and assist early harvesting, private meteorologists Somar said Monday. The inland forested coffee area of eastern Minas got 30 millimeters (1.1 in
Bulls strengthened their presence at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index. ISE-10 index was plus by 19.92 points, as it moved from 2,718.33 to
Downward trend was seen on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The May vaida was unchanged at Rs 651.50. Later quoted highest at Rs 651.00. They said that during the day, it lost Rs 3.00 to be day's lowest
Bulls strengthened their presence at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index. ISE-10 index was plus by 19.92 points, as it moved from 2,718.33 to
Leading buyers were on sidelines on the cotton market on Monday in the absence of fresh news on the textile sector and ahead of the final arrival figure by the Pakistan Cotton Ginners Association (PCGA), dealers said.
Share prices moved in upward direction on Lahore Stock Exchange (LSE) on Monday with active support from Engro Chemical, Adamjee Insurance and selective banks and oil sector following reports about increase in CFS cap limit.
Share prices moved in upward direction on Lahore Stock Exchange (LSE) on Monday with active support from Engro Chemical, Adamjee Insurance and selective banks and oil sector following reports about increase in CFS cap limit.
Lean business was seen on the grain market on Monday as leading buyers were conspicuous by their absence, dealers said. Upward trend prevailed on the rice sector as Irri-6 Sindh was higher by Rs 5 to Rs 1450-1475 in process of active trading. Irri-white l
The earnings of key listed commercial banks has increased 24 percent to reach at Rs 18.3 billion in the first quarter of 2007 as compared to Rs 14.8 billion in the corresponding period last year. Analysts said this positive profitability growth momentum,
A maize shipment to the Netherlands that Greenpeace said had been found to contain genetically modified grain must be returned to the United States, the European Union said on Monday.
The earnings of key listed commercial banks has increased 24 percent to reach at Rs 18.3 billion in the first quarter of 2007 as compared to Rs 14.8 billion in the corresponding period last year. Analysts said this positive profitability growth momentum,
London cocoa futures fell to two-month lows on Monday, weakened partly by trade selling as the market finally breached key support, dealers said. "Trade selling has put the market on a bit of a back foot," one dealer said. July finished down 15 pounds at
The earnings of key listed commercial banks has increased 24 percent to reach at Rs 18.3 billion in the first quarter of 2007 as compared to Rs 14.8 billion in the corresponding period last year. Analysts said this positive profitability growth momentum,
Shipments of coconut oil from the Philippines plunged nearly 47 percent in April from the same month last year because of damage caused by typhoons last year, an industry group said on Monday. Preliminary data showed the country, the world's largest suppl
The earnings of key listed commercial banks has increased 24 percent to reach at Rs 18.3 billion in the first quarter of 2007 as compared to Rs 14.8 billion in the corresponding period last year. Analysts said this positive profitability growth momentum,
US Plains hard red winter wheat basis bids were steady to firmer Monday, and many wheat merchants were posting protection in anticipation of a sharp downturn in futures. Some were taking 8 cents a bushel protection after overnight trading action saw price
Pakistan has set up "Strategic Export Control Division" in the Ministry of Foreign Affairs to formulate and control laws, rules and regulations to implement the Export Control Act 2004.
Spot basis bids for corn were mostly unchanged while soyabean bids were steady to firm around the US Midwest on Monday, grain dealers said. Farmer selling was expected to be slow. Most farmers were focused on planting tasks, but wet conditions were keepin
Pakistan has set up "Strategic Export Control Division" in the Ministry of Foreign Affairs to formulate and control laws, rules and regulations to implement the Export Control Act 2004.
London robusta coffee futures ended firmer on Monday but below an earlier three-month peak with origin selling and weakness in New York's arabica market helping to pare gains, dealers said. "Origins are there selling scale-up," one dealer said, adding the
Pakistan has set up "Strategic Export Control Division" in the Ministry of Foreign Affairs to formulate and control laws, rules and regulations to implement the Export Control Act 2004.
Russian wheat prices, unlike in previous weeks, has strengthened in the south and was largely unchanged in other parts of European Russia, traders said.
On Monday, BRIndex30 opened at 13,337.09 in the positive zone and remained there for whole of the trading time. It closed at 13,556.37 with a net positive change of 215.53 points or 1.62 percent. It recorded intra-day high of 13,566.57 and intra-day low o
US CIF soyabean and corn basis values held mostly steady on Monday morning, supported by little grain moving in the barge market as farmers focus on spring planting, traders said. Warm weather and light winds in the eastern Midwest were helping to dry out
On Monday, BRIndex30 opened at 13,337.09 in the positive zone and remained there for whole of the trading time. It closed at 13,556.37 with a net positive change of 215.53 points or 1.62 percent. It recorded intra-day high of 13,566.57 and intra-day low o
Shares in Taiwan shipping firms fell on Monday as executives doubted Taipei would approve an offer from Beijing allowing them to invest in Chinese container companies and ports.
On Monday, BRIndex30 opened at 13,337.09 in the positive zone and remained there for whole of the trading time. It closed at 13,556.37 with a net positive change of 215.53 points or 1.62 percent. It recorded intra-day high of 13,566.57 and intra-day low o
Cocoa arrivals at ports in Ivory Coast slowed in the week to April 29 as farmers worked on preparing the beans in the bush, but steady rains promised an improvement in crop quality, exporters said on Monday.
The Unified Trading System (UTS) of the Islamabad and Lahore Stock Exchanges has become operational, which would help reduce transaction cost, increase daily volume of scrips and help effective monitoring and surveillance of the bourses. The UTS was forma
Singapore bunker prices were slightly higher on Monday, but the differential to fuel oil values fell to a discount of $1-$2, on thin demand, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $345-$347 a tonne, up $1, but its differe
The Karachi share market, on the back of fresh foreign and institutional buying, breached through the ever highest record of 12,273.77 points level in the KSE history and reached all-time high at 12,369.70 points level on Monday.
The Karachi Port handled 184,217 tonnes cargo including 127,050 tonnes import, 57,167 tonnes export cargo and 4,137 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.
The Karachi share market, on the back of fresh foreign and institutional buying, breached through the ever highest record of 12,273.77 points level in the KSE history and reached all-time high at 12,369.70 points level on Monday.
Bangladesh's Deshbandu Sugar Mills Limited, a private refiner, will import 20,000 tonnes of raw sugar from either Thailand or Brazil early next month, a mill official said on Monday. "We hope the cargo will be shipped by May 15 to reach the Chatting port
The Karachi share market, on the back of fresh foreign and institutional buying, breached through the ever highest record of 12,273.77 points level in the KSE history and reached all-time high at 12,369.70 points level on Monday.
Indonesian palm oil prices extended gains on Monday because of thin supplies and increasing demand, traders said. At an auction at the state marketing centre in Jakarta, which sells palm oil from state plantations, crude palm oil climbed to 6,823 rupiah (
The governor, State Bank of Pakistan (SBP), Dr Shamshad Akhtar has urged the exporters to get out of the habit of depending on ''export refinancing'' as it did not match the expected returns. She also rejected the demand raised by the members of business
Indonesia has issued a permit to state plantation firm PT Perkebunan Nusantara XIV to import 14,000 tonnes of raw sugar to fill idle mill capacity due to an expected fall in the cane harvest, a senior trade ministry official said on Monday.
The governor, State Bank of Pakistan (SBP), Dr Shamshad Akhtar has urged the exporters to get out of the habit of depending on 'export refinancing' as it did not match the expected returns. She also rejected the demand raised by the members of business co
Shanghai copper rose 2 percent on Monday ahead of a week-long holiday, on fears of a rise in London futures when Shanghai is closed and given an imminent strike by miners in Peru. The most active July copper contract on the Shanghai Futures Exchange rose
The governor, State Bank of Pakistan (SBP), Dr Shamshad Akhtar has urged the exporters to get out of the habit of depending on 'export refinancing' as it did not match the expected returns. She also rejected the demand raised by the members of business co
Gold fell on Monday, tracking a slight drop in crude oil, but trade was thin in much of Asia at the start of a holiday-packed week. But lower bullion prices could attract more purchases during the marriage season in main consumer India, where gold jewelle
Prime Minister Shaukat Aziz has praised the role played by the State Bank of Pakistan in checking inflation in the country. Had it not been for the monetary policy pursued by SBP, inflation would have been in double digits. Addressing the head of all bank
Prime Minister Shaukat Aziz has praised the role played by the State Bank of Pakistan in checking inflation in the country. Had it not been for the monetary policy pursued by SBP, inflation would have been in double digits. Addressing the head of all bank
Jordan's state grains buyer has issued a tender to purchase 100,000 tonnes of feed barley, European traders said on Monday. Some 50,000 tonnes is for shipment in the first half of June and 50,000 tonnes in the second half of June. Origin is open.
Prime Minister Shaukat Aziz has praised the role played by the State Bank of Pakistan in checking inflation in the country. Had it not been for the monetary policy pursued by SBP, inflation would have been in double digits. Addressing the head of all bank
Brent crude oil prices hovered above $68 a barrel on Monday following sharp gains at the end of last week, with investors still on edge over a foiled plot to attack oil facilities in top exporter Saudi Arabia. London's Brent crude, currently seen as more
The offices of Daily Business Recorder will remain closed on Tuesday (May 1) on account of Labour Day. Arrangements have, however, been made to bring out the paper and Internet edition on Wednesday (May 2) as usual.
Australia's best April rain in almost 10 years fell throughout grains areas at the weekend, setting off a race by farmers to plant winter crops and raising hopes that one of the worst droughts on record may be easing.
The Securities and Exchange Commission of Pakistan (SECP) has withdrawn final draft of the Securities Act 2007 for making changes on the suggestions of the stakeholders. Talking to Business Recorder on Monday.