Shenzhen Development Bank, a mid-sized Chinese lender, said on Saturday that it plans to issue subordinated and hybrid bonds to raise up to 16 billion yuan ($2.10 billion) to boost its capital.
Shenzhen Development Bank, a mid-sized Chinese lender, said on Saturday that it plans to issue subordinated and hybrid bonds to raise up to 16 billion yuan ($2.10 billion) to boost its capital.
German Chancellor Angela Merkel met Poland's president on Saturday in a last-ditch effort to convince Warsaw to drop its threat to veto talks on a new European Union treaty.
US market regulators are unlikely to delay Blackstone Group LP's public offering even though top lawmakers want private equity firms that go public to pay more taxes, former SEC officials said on Friday.
United States Deputy Secretary of State John D Negroponte said Saturday that a decision on uniform would be taken by President General Musharraf himself, on his own.
United States Deputy Secretary of State John D Negroponte said Saturday that a decision on uniform would be taken by President General Musharraf himself, on his own.
The Regional Tax Office (RTO), Karachi, has collected Rs 64.413 billion during July-May (2006-07), against Rs 53.320 billion in the same period of last fiscal year, depicting an increase of 20 percent. The revenue collection was about 87 percent of revise
The Regional Tax Office (RTO), Karachi, has collected Rs 64.413 billion during July-May (2006-07), against Rs 53.320 billion in the same period of last fiscal year, depicting an increase of 20 percent. The revenue collection was about 87 percent of revise
The Regional Tax Office (RTO), Karachi, has collected Rs 64.413 billion during July-May (2006-07), against Rs 53.320 billion in the same period of last fiscal year, depicting an increase of 20 percent. The revenue collection was about 87 percent of revise
Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
The NWFP cabinet on Saturday approved fiscal budget for the year 2007-08. The cabinet meeting presided over by the NWFP Chief Minister Mohammad Akram Khan Durrani approved Rs 114.5076 billion budget in its meeting held here.
The NWFP cabinet on Saturday approved fiscal budget for the year 2007-08. The cabinet meeting presided over by the NWFP Chief Minister Mohammad Akram Khan Durrani approved Rs 114.5076 billion budget in its meeting held here.
Italy energy giant Eni has announced new natural gas discoveries in Pakistan. Eni, through its subsidiaries in Pakistan, is largest foreign gas producer in the country, with a net share of approximately 55,000 barrels of oil equivalent per day. Eni has be
Divergent trend was seen in the currency market at the weekend in process of trading, dealers said. In the interbank market, the rupee picked up one paisa against dollar for buying at Rs 60.59 while it was unmoved for selling at 60.61, they said.
Italy energy giant Eni has announced new natural gas discoveries in Pakistan. Eni, through its subsidiaries in Pakistan, is largest foreign gas producer in the country, with a net share of approximately 55,000 barrels of oil equivalent per day. Eni has be
Divergent trend was seen in the currency market at the weekend in process of trading, dealers said. In the interbank market, the rupee picked up one paisa against dollar for buying at Rs 60.59 while it was unmoved for selling at 60.61, they said.
Italy energy giant Eni has announced new natural gas discoveries in Pakistan. Eni, through its subsidiaries in Pakistan, is largest foreign gas producer in the country, with a net share of approximately 55,000 barrels of oil equivalent per day. Eni has be
The government of NWFP on Saturday unveiled Rs 114.507 billion tax-free budget for financial year 2007-08 against total receipts of Rs 109.01 billion, showing a deficit of Rs 5.489 billion. The Minister for Finance, Shah Raz Khan, presented the budget in
The government of NWFP on Saturday unveiled Rs 114.507 billion tax-free budget for financial year 2007-08 against total receipts of Rs 109.01 billion, showing a deficit of Rs 5.489 billion. The Minister for Finance, Shah Raz Khan, presented the budget in
The government of NWFP on Saturday unveiled Rs 114.507 billion tax-free budget for financial year 2007-08 against total receipts of Rs 109.01 billion, showing a deficit of Rs 5.489 billion. The Minister for Finance, Shah Raz Khan, presented the budget in
The government of NWFP on Saturday unveiled Rs 114.507 billion tax-free budget for financial year 2007-08 against total receipts of Rs 109.01 billion, showing a deficit of Rs 5.489 billion. The Minister for Finance, Shah Raz Khan, presented the budget in
Manufacturers on Saturday raised ghee prices by Rs 5 per kg, to Rs 80 per kg, in the wake of export tax increased by Indonesia on palm oil, traders said. They said that currently Indonesia is facing shortage in production.
Manufacturers on Saturday raised ghee prices by Rs 5 per kg, to Rs 80 per kg, in the wake of export tax increased by Indonesia on palm oil, traders said. They said that currently Indonesia is facing shortage in production.
Manufacturers on Saturday raised ghee prices by Rs 5 per kg, to Rs 80 per kg, in the wake of export tax increased by Indonesia on palm oil, traders said. They said that currently Indonesia is facing shortage in production.
Robert Zoellick, the presumed next head of the World Bank, will shoulder the task of rebuilding trust in the development lender after a scandal at the top exposed deep divisions.
Five men, including a former member of the Zimbabwe National Army, have been arrested and charged with treason for plotting to topple President Robert Mugabe, court papers obtained by Reuters showed on Saturday. The five - who all deny the charges - appea
The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
The government is likely to abolish one percent special surcharge on the import of raw materials and inputs on which sales tax was charged at the rate of zero percent at import stage through amendment in the Finance Bill 2007-2008.
The government is likely to abolish one percent special surcharge on the import of raw materials and inputs on which sales tax was charged at the rate of zero percent at import stage through amendment in the Finance Bill 2007-2008.
The government is likely to abolish one percent special surcharge on the import of raw materials and inputs on which sales tax was charged at the rate of zero percent at import stage through amendment in the Finance Bill 2007-2008.
Pakistan''s Premier Investment Group, BMA Capital, has been appointed financial advisor to the Privatisation Commission (PC) for the strategic sale of shares of the SME Bank Limited.
Pakistan's Premier Investment Group, BMA Capital, has been appointed financial advisor to the Privatisation Commission (PC) for the strategic sale of shares of the SME Bank Limited.
Pakistan's Premier Investment Group, BMA Capital, has been appointed financial advisor to the Privatisation Commission (PC) for the strategic sale of shares of the SME Bank Limited.
Nearly 60,000 people showered rose petals over a procession led by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Saturday. Flag-waving crowds flocked to welcome Chief Justice Iftikhar Muhammad Chaudhry in several towns as his motorcade made the
Nearly 60,000 people showered rose petals over a procession led by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Saturday. Flag-waving crowds flocked to welcome Chief Justice Iftikhar Muhammad Chaudhry in several towns as his motorcade made the
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
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
Soft red winter wheat futures at the Chicago Board of Trade closed narrowly mixed on Friday as the market took a breather after a strong rally this week lifted prices to 11-year highs, traders said.
The futures were unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The July vaida was unchanged at Rs 650.00 and market settled at the same rate without showing any change for the day, dealer said.
No change was seen in the obtaining outlook on cotton market on Saturday as the ginners were not looking to oblige their counterparts following the continued gains in the NY cotton future, dealers said. The Karachi Cotton Association (KCA) official spot r
Grams prices were sharply up on the grain market on Saturday as probably the sellers were hoarding the commodity to gain more profit in the month of Ramazan, which is far off, dealers said. On the grams side, gram Australia gained Rs 150 2850-3000, gram g
China should increase its oil shipping capacity to ensure steady oil flows to the world's second-largest user amid concern of potential supply disruptions, state media reported on Thursday.
Marine fuel sales in Singapore, the world's top bunker port, for May fell 4.6 percent to 2.50 million tonnes versus April levels, as high prices dampened demand, government data showed on Wednesday.
Shanghai International Port (Group), China's biggest port operator, expects to finalise this year its purchase of a major stake in a Belgium container terminal, sources close to the deal said on Friday.
Hong Kong's sea container traffic fell for a third consecutive month in May amid growing competition from the nearby ports in Southern China. Hong Kong moved 2.08 million 20-foot-equivalent units (TEU) of goods in May, down 3.5 percent from a year earlier
The Karachi Port handled 71,197 tonnes cargo including 31,521 tonnes import, 39,676 tonnes export cargo and 2,238 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Tokyo rubber futures fell more than 1 percent on Friday, reversing early gains and ending a three-day rising run with poor technical sentiment and increasing physical supply outweighing support from high oil prices.
The Indonesian government will probably increase its export tax and could enforce discount selling if palm oil prices remain high, the chairman of palm oil producer REA Holdings told Reuters.
Back from the brink of ruin after years of drought, grain farmers are enjoying a great start to the season with a rare combination of steeply rising prices and a projected bumper crop.
Shanghai copper gave up early gains to close 0.5 percent lower on Friday as investors closed out positions, anticipating a rise in Shanghai copper stocks. The most-active August copper contract on the Shanghai Futures Exchange fell to 63,130 yuan a tonne
The Australian wool market finished 1.8 percent lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 13c (-1.3 percent), ending the week at 985c/kg clean.
Raw sugar futures relied on speculative and trade buying to finish higher on Friday as the pace of switch business slowed down since most positions have been moved out of the spot contract this week, brokers said.