Federal Minister for Railways Sheikh Rashid Ahmad has said that President General Pervez Musharraf would be re-elected from the present assemblies before the general elections.
Pakistan on Wednesday told fishermen in the country's south-west to stay ashore during the next 24 hours as one of the strongest cyclones in years damaged boats and buildings.
Pakistan on Wednesday told fishermen in the country's south-west to stay ashore during the next 24 hours as one of the strongest cyclones in years damaged boats and buildings.
Following promulgation of Trade Organisations Ordinance (TOO) 2007, Ministry of Commerce has extended date of applications for chambers and trade bodies registration from June 15 to June 30.
Following promulgation of Trade Organisations Ordinance (TOO) 2007, Ministry of Commerce has extended date of applications for chambers and trade bodies registration from June 15 to June 30.
Following promulgation of Trade Organisations Ordinance (TOO) 2007, Ministry of Commerce has extended date of applications for chambers and trade bodies registration from June 15 to June 30.
The Ministry of Commerce (MoC) is working on a National Trade Facilitation Strategy (NTFS) to make the systems and procedures for transacting business in Pakistan at par with the best in the world.
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 Ministry of Commerce (MoC) is working on a National Trade Facilitation Strategy (NTFS) to make the systems and procedures for transacting business in Pakistan at par with the best in the world.
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 Ministry of Commerce (MoC) is working on a National Trade Facilitation Strategy (NTFS) to make the systems and procedures for transacting business in Pakistan at par with the best in the world.
State Bank of Pakistan has extended export refinance limits up to August 31, 2007, which were to expire on June 30. In this regard SBP has issues a circular SME&MFD No 3 to the all banks'' presidents and chief executive officers.
State Bank of Pakistan has extended export refinance limits up to August 31, 2007, which were to expire on June 30. In this regard SBP has issues a circular SME&MFD No 3 to the all banks' presidents and chief executive officers.
The United Arab Emirates' eastern port of Fujairah has been cleared of anchored vessels and is closed to all ships until further notice due to Cyclone Gonu, the state news agency said on Wednesday.
State Bank of Pakistan has extended export refinance limits up to August 31, 2007, which were to expire on June 30. In this regard SBP has issues a circular SME&MFD No 3 to the all banks' presidents and chief executive officers.
The Karachi Port handled 78,332 tonnes cargo including 64,489 tonnes import, 13,843 tonnes export cargo and 1,911 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
The Small & Medium Enterprise Development Authority (Smeda) has launched 25 projects of "Aik Hunar Aik Nagar (Ahan)" with the financial assistance of Asian Development Bank in the country. Marketing Manger, Ahan, Shaher Yar Tahir, said this while addressi
Winnipeg Commodity Exchange canola futures were higher on Tuesday after palm oil and soyabean oil futures rallied and on fund and commercial buying, traders said.
Hard red winter wheat futures at the Kansas City Board of Trade made new contract highs and ended higher on Tuesday, fuelled by fund buying amid continued weather-related worries for world wheat crops, traders said.
Kenyan tea prices jumped at this week's auction, lifted by strong Egyptian demand and low auction volumes, market players said on Wednesday. "It was a strong market again with most markets active. Prices across the board were higher and most teas sold rea
The private sector is in a fix over wheat export policy as the government has not yet disclosed its line of action about export commitments of wheat, sources told Business Recorder.
Brazilian 2007/08 (May/April) cocoa arrivals from Bahia and other states totalled 245,868 60-kg bags by June 3, down 20.5 percent from 309,646 bags a year ago, Bahia Commercial Association said on Wednesday.
The State Bank of Pakistan has advised all Banks and DFIs to meticulously follow the SBP's guidelines in letter and spirit regarding "writing off irrecoverable loans and advances". Non-compliance and circumvention of directions shall invoke penal provisio
Spot basis bids for corn and soyabeans were mostly steady around the interior Midwest on Tuesday amid little selling interest from farmers, grain dealers said.
The State Bank of Pakistan (SBP) has directed the banks/DFIs to ensure that the safe deposit locker rooms in their respective branches are adequately secured from all sides and the security arrangements in place are fool-proof and meet the security standa
Corn futures at the Chicago Board of Trade closed mixed on Tuesday with nearbys pressured by rolling out of long positions and distant contracts underpinned by weather jitters, traders said.
A division bench of Sindh High Court comprising Justice Amir Hani Muslim and Justice Muneeb Ahmed Khan on Wednesday granted interim pre-arrest bail to ex-Director Corporate Planning, PIA, against surety of Rs 1 million in reference filed by National Accou
Rice prices depicted soft trend on the grain market on Wednesday amid subdued trading, dealers said. The rice prices fell modestly in the wholesale markets, which will help in lowering the rates at retails level as well, analysts said.
The EU will try on Friday to save its Galileo satellite project by opting to inject huge sums of taxpayers' money, although member countries face tough talks afterwards on how to pay for the bailout.
US Plains hard red winter wheat basis bids were mostly steady to weaker Wednesday as new-crop cutting weighed on the basis at some locations. A merchant in Goodland, Kansas, dropped the basis a dime a bushel for old-crop wheat, and was posting 53 cents un
Reduction in protective duties, zero-rating of exports and continuity of R&D facilities are expected to be main feature of the new 'textile package' being announced in the forthcoming budget. This was stated by Pakistan Textile Exporters Association (PTEA
Wheat futures on the Chicago Board of Trade roared to across-the-board contract highs on Tuesday, lifted by world wheat production issues and spill-over from a surging soyaoil market, traders said. CBOT soyaoil hit a 23-year high amid strong Asian vegoils
Italian fashion group Fendi S.R.L. and Wal-Mart Stores Inc's Sam's Club warehouse division settled a dispute over allegations that Sam's Club was selling counterfeit Fendi bags in its stores, the companies said on Wednesday.
No change was seen on the forward cottonseed oilcake market as both the futures maintained the overnight levels in process of trading, dealers said. The July vaida commenced with no change at Rs 650.00 and closing was seen at the same level without showin
Equities witnessed broad-based recovery under the lead of hot favourite at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index. The ISE-10 Index was plus by 18.00 points as it moved from 2,705.19 to 2,723.19 poi
No business seen on the cotton market on Wednesday as good hopes about new crop induced the mills to be on the sidelines, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, they added.
Equities witnessed broad-based recovery under the lead of hot favourite at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index. The ISE-10 Index was plus by 18.00 points as it moved from 2,705.19 to 2,723.19 poi
Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of June 4 totalled 708,088 (480-lb) bales, from 706,654 bales the previous session. There were 349 bales issued, 7,252 bales were awaiting rev
A mixed trend was observed on the Lahore Stock Exchange (LSE) on Wednesday, where equities moved to and fro and finally ended marginally down on account of late day profit-taking. The LSE-25 index finished at 4,789.63 points as against 4,775.73 of Tuesday
US arabica coffee futures ended firm on Tuesday, recouping on Monday's losses on support from fund short-covering and the firm London robust market, while light origin selling prevented stronger gains, traders said.
A mixed trend was observed on the Lahore Stock Exchange (LSE) on Wednesday, where equities moved to and fro and finally ended marginally down on account of late day profit-taking. The LSE-25 index finished at 4,789.63 points as against 4,775.73 of Tuesday
Spring wheat futures at the Minneapolis Grain Exchange closed higher on Tuesday, following the Chicago and Kansas City wheat markets amid global wheat supply worries, traders said.
Never have days and weeks prior to the budget announcement been so tense and full of uncertainty. There may be few or many surprises in the June 9 budget (levy of excise and value-added tax on the income of professionals such as lawyers and doctors.
US cocoa futures settled higher on Tuesday, recouping on Monday's losses on fund buying uncontested by origin selling, traders said. "It was one or two funds who were keen to buy and there was an absence of any kind of hedging again," one trader said.
Never have days and weeks prior to the budget announcement been so tense and full of uncertainty. There may be few or many surprises in the June 9 budget (levy of excise and value-added tax on the income of professionals such as lawyers and doctors.
Indonesia's palm oil prices extended gains on Wednesday, boosted by a weakening rupiah against the dollar, while volatile prices kept buyers away from the export market.
Never have days and weeks prior to the budget announcement been so tense and full of uncertainty. There may be few or many surprises in the June 9 budget (levy of excise and value-added tax on the income of professionals such as lawyers and doctors.
Prime Minister Shaukat Aziz on Wednesday approved, in principle, a Rs 40 billion textile package at a meeting, which was not ''officially'' covered by media. Sources told Business Recorder that the meeting was attended by Minister for Textile Indus
US gold futures finished about $1 lower on Tuesday on profit-taking following strong gains from last week and news of larger-than-usual central bank gold sales, which could dent investor sentiment in the short run, analysts said.
Prime Minister Shaukat Aziz on Wednesday approved, in principle, a Rs 40 billion textile package at a meeting, which was not 'officially' covered by media. Sources told Business Recorder that the meeting was attended by Minister for Textile Industr
Spot gold on Wednesday remained near a three-week high marked the previous day, while Tokyo gold futures fell on profit taking after a 3 percent gain in the past five days.
Prime Minister Shaukat Aziz on Wednesday approved, in principle, a Rs 40 billion textile package at a meeting, which was not 'officially' covered by media. Sources told Business Recorder that the meeting was attended by Minister for Textile Industr
Malaysian tin fell 10 ringgit on Wednesday due to a technical correction over London Metal Exchange prices but losses were limited by foreign buying, one dealer said.
Yielding to a major demand of textile sector, the government has withdrawn Presumptive Tax Regime (PTR) and reduced income tax on export proceeds from 1.25 percent to 0.5 percent under the normal income tax law.
Shanghai copper eased over 1 percent on Wednesday on London Metal Exchange losses and heavy domestic stockpiles, with LME nickel down more than 3 percent in the previous session.
Yielding to a major demand of textile sector, the government has withdrawn Presumptive Tax Regime (PTR) and reduced income tax on export proceeds from 1.25 percent to 0.5 percent under the normal income tax law.
Oil prices extended gains toward $71 a barrel on Wednesday to their highest in nearly two weeks, after a cyclone disrupted Oman oil and gas exports before weakening on its way to Iran.
Yielding to a major demand of textile sector, the government has withdrawn Presumptive Tax Regime (PTR) and reduced income tax on export proceeds from 1.25 percent to 0.5 percent under the normal income tax law.
Vietnam's first half rice exports are likely to fall 21 percent on the year due to a shortage of shipping, lifting the country's stockpile to record levels, a senior industry official said on Wednesday.
Yielding to a major demand of textile sector, the government has withdrawn Presumptive Tax Regime (PTR) and reduced income tax on export proceeds from 1.25 percent to 0.5 percent under the normal income tax law.
Asian physical rubber prices were mixed on Wednesday, with prices of most grades remaining firm despite a fall in Tokyo Commodity Exchange futures contracts. Most producers were still asking high prices because raw material remained expensive, traders sai
On Wednesday, the opened in the green zone at 15,136.78 with an upward gap of 75.51 points. It closed at 15,039.49 with a negative change of -21.78 points and percentage change of -0.14. It recorded intra-day high of 15,248.72, which made a new peak, and
The price of raw sugar plunged to its lowest level in two years on Tuesday as speculative sales and news Indian sugar sales could exacerbate a glut took its toll on the market, analysts said.
On Wednesday, the opened in the green zone at 15,136.78 with an upward gap of 75.51 points. It closed at 15,039.49 with a negative change of -21.78 points and percentage change of -0.14. It recorded intra-day high of 15,248.72, which made a new peak, and
Soyabean futures at the Chicago Board of Trade soared on Tuesday on the back of the soyaoil market that climbed to a 23-year high mimicking the strength of the Asian oils markets, traders said.
The bull-run continued on Karachi Stock Exchange on Wednesday on the back of strong fundamentals, foreign interest and institutional buying and the KSE-100 index breached the level of 13,300 points, hitting 13,334.30 points intra-day high. But late profit
Rough rice futures at the Chicago Board of Trade closed firm on Tuesday on mild bounce, supported by commercial pricing, traders said. July rice ended 3 cents higher at $10.19 per hundredweight, with September up 1 at $10.56 and November 1 higher at $10.8
The bull-run continued on Karachi Stock Exchange on Wednesday on the back of strong fundamentals, foreign interest and institutional buying and the KSE-100 index breached the level of 13,300 points, hitting 13,334.30 points intra-day high. But late profit
Tokyo rubber futures dropped nearly one percent in a directionless market on Wednesday as a firmer Japanese yen spurred selling. The benchmark rubber contract on the Tokyo Commodity Exchange for November delivery settled at 282.8 yen ($2.32) per kg, down
The bull-run continued on Karachi Stock Exchange on Wednesday on the back of strong fundamentals, foreign interest and institutional buying and the KSE-100 index breached the level of 13,300 points, hitting 13,334.30 points intra-day high. But late profit
Malaysian palm futures jumped more than 2 percent in trade on Wednesday to a record high on news that Indonesia was considering a vegetable oil export tax increase and India was weighing options to cut its import duty.
After Sindh High Court''s judgement, Privatisation Commission on Tuesday conveyed to short-listed parties on telephone that they should get ready for pre-bid meeting on Pakistan State (PSO) sell-off at a short notice. The pre-bid meeting would be the seco
Nigeria's central bank has cut its benchmark interest rate by 200 basis points to 8 percent, after a steady decline in inflation, the bank said in a statement on Wednesday.
After Sindh High Court's judgement, Privatisation Commission on Tuesday conveyed to short-listed parties on telephone that they should get ready for pre-bid meeting on Pakistan State (PSO) sell-off at a short notice. The pre-bid meeting would be the secon
The judge presiding over Conrad Black's criminal fraud trial refused on Wednesday to declare a mistrial in the case for one of the former media baron's three co-defendants.
After Sindh High Court's judgement, Privatisation Commission on Tuesday conveyed to short-listed parties on telephone that they should get ready for pre-bid meeting on Pakistan State (PSO) sell-off at a short notice. The pre-bid meeting would be the secon
Honda Motor Co took the top ranking for quality among mass-market automakers in a closely watched annual survey set to be released on Wednesday, a person familiar with the rankings said.
Pakistan Steel (PS) on Wednesday raised the prices of both hot rolled and cold rolled products by Rs 300 to Rs 500 per ton in the wake of raw material price hike in international market, sources said. The PS raised the prices of three each of cold rolled
Two Italian mobsters, a bodyguard, a financier and his girlfriend were acquitted on Wednesday of the 1982 murder of Roberto Calvi, known as "God's banker" for his Vatican links, who was found hanging from a London bridge.
Pakistan Steel (PS) on Wednesday raised the prices of both hot rolled and cold rolled products by Rs 300 to Rs 500 per ton in the wake of raw material price hike in international market, sources said. The PS raised the prices of three each of cold rolled
Irish airline Aer Lingus announced on Wednesday an order for 12 new Airbus airliners worth 2.4 billion dollars (1.78 billion euros) to boost its expansion on transatlantic routes.
Pakistan Steel (PS) on Wednesday raised the prices of both hot rolled and cold rolled products by Rs 300 to Rs 500 per ton in the wake of raw material price hike in international market, sources said. The PS raised the prices of three each of cold rolled
US insurance company Prudential Financial Inc said on Wednesday that it will shut down its institutional stock research and trading business, Prudential Equity Group, ending a rocky 26-year stay on Wall Street.
The Water and Power Development Authority (Wapda) has lodged a formal protest with the Petroleum Ministry against a cut in gas supply to Kot Addu Power Company (Kapco), official sources told Business Recorder.
US worker productivity grew at a slower pace than initially estimated in the first quarter, driving up labour costs and reinforcing concerns about inflation.
The Water and Power Development Authority (Wapda) has lodged a formal protest with the Petroleum Ministry against a cut in gas supply to Kot Addu Power Company (Kapco), official sources told Business Recorder.
The Bush administration forecast on Wednesday that economic growth will be weaker this year than it previously thought and prices will rise faster, but said the outlook remained promising.
The Water and Power Development Authority (Wapda) has lodged a formal protest with the Petroleum Ministry against a cut in gas supply to Kot Addu Power Company (Kapco), official sources told Business Recorder.