Airport entry passes (green), protocol passes (white) and temporary entry passes have been suspended for Karachi Airport for Thursday, October 18, says a press release issued by Airport Security Force, here on Wednesday.
Airport entry passes (green), protocol passes (white) and temporary entry passes have been suspended for Karachi Airport for Thursday, October 18, says a press release issued by Airport Security Force, here on Wednesday.
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
British Foreign Minister Lord Malloch-Brown arrives in Pakistan on Thursday for a two-day visit to holding talks with senior Pakistani politicians, officials and representatives of civil society, said a statement issued here on Wednesday.
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
British Foreign Minister Lord Malloch-Brown arrives in Pakistan on Thursday for a two-day visit to holding talks with senior Pakistani politicians, officials and representatives of civil society, said a statement issued here on Wednesday.
The Turkish parliament Wednesday voted to allow military strikes against Kurdish separatists in northern Iraq, despite stiff US opposition and appeals from Baghdad for time to purge the rebels. A government motion seeking a one-year authorisation for one
The Turkish parliament Wednesday voted to allow military strikes against Kurdish separatists in northern Iraq, despite stiff US opposition and appeals from Baghdad for time to purge the rebels. A government motion seeking a one-year authorisation for one
The Karachi Port handled 409,601 tonnes cargo including 348,947 tonnes import, 60,654 tonnes export cargo and 4,724 containers (TEUs) during last 120 hours ending at 0700 hours on Wednesday.
The Finance Ministry has introduced a new system of subsidy payment to power distribution companies (Discos) in accordance with the Standard Operating Procedure (SOP) prepared in consultation with the World Bank (WB), sources told Business Recorder.</i
US Plains hard red winter wheat basis bids were mostly steady on Wednesday, with merchants describing a mostly quiet market. Trucks remained in short supply in some areas, though merchants were looking for more availability as fertiliser season drew to a
The Finance Ministry has introduced a new system of subsidy payment to power distribution companies (Discos) in accordance with the Standard Operating Procedure (SOP) prepared in consultation with the World Bank (WB), sources told Business Recorder.</i
Singapore bunker prices fell from record highs on Wednesday, while the differential to fuel oil cargoes remained at a discount. Prices for the 380-centistoke (cst) grade were pegged at $441-$443 a tonne, down $4 from the last session as crude oil prices e
The Finance Ministry has introduced a new system of subsidy payment to power distribution companies (Discos) in accordance with the Standard Operating Procedure (SOP) prepared in consultation with the World Bank (WB), sources told Business Recorder.</i
Global targets to increase biofuel use need to be reduced as the vegetable oil and oilseeds markets cannot cope with the extra demand for biofuel raw materials, Hamburg-based oilseeds analysts Oil World said.
Chief Justice Iftikhar Muhammad Chaudhry has declined to preside over the bench hearing petitions against the candidacy and re-election of President Musharraf for next five-year term.
Spot basis bids for corn and soyabeans rose at processors and elevators around the US Midwest Wednesday as grain dealers tried to spark some selling interest. Farmers have been reluctant to sell their newly harvested crops this fall. Most growers were try
Chief Justice Iftikhar Muhammad Chaudhry has declined to preside over the bench hearing petitions against the candidacy and re-election of President Musharraf for next five-year term.
US FOB Gulf corn and soyabean basis offers held steady on Tuesday, although record-high ocean freight continues to cool fresh export sales, traders said. Hard and soft red winter wheat values held steady but futures prices falling to a six-week low failed
The Supreme Court on Wednesday issued notices to Foreign Secretary, Additional Foreign Secretary, Chief of Protocol. Director-General Airport Security Force, Inspector-General of Police Punjab, and SP Tahir Ayub to appear in person on October 30, 2007 in
Kenyan tea prices were mixed at Tuesday's sale due to the varying quality on offer, market players said. Some 14 percent of the tea offered for sale was left unsold, the Africa Tea Brokers said in a market report.
The Supreme Court on Wednesday issued notices to Foreign Secretary, Additional Foreign Secretary, Chief of Protocol. Director-General Airport Security Force, Inspector-General of Police Punjab, and SP Tahir Ayub to appear in person on October 30, 2007 in
Chicago Board of Trade corn futures ended mixed and mostly higher in a consolidation on Tuesday after this week's rally to a two-week high. The nearbys closed about a penny lower, with December down 1-1/2 cent at $3.60-1/2 per bushel. September 2008 to Ma
The International Monetary Fund on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the US housing sector could crimp growth worldwide. The world economy is expected to expand 4.8 percent next year aft
Wheat futures on the Chicago Board of Trade closed lower, falling to a six-week low on Tuesday on long-liquidation and profit-taking, traders said. "It's further long-liquidation and how much longer it can go remains a big question," said Terry Reilly, an
The International Monetary Fund on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the US housing sector could crimp growth worldwide. The world economy is expected to expand 4.8 percent next year aft
Bullish trend was again witnessed on the cottonseed oilcake market on Wednesday as prices mirrored the rising trend in the world markets, dealers said. The December vaida opened with rupees four gain at Rs 510.00 and market closed at the same rate, they s
The International Monetary Fund on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the US housing sector could crimp growth worldwide. The world economy is expected to expand 4.8 percent next year aft
Phutti and cottonseed oilcake prices were up on the cotton market on Wednesday following the surging trend in the international market, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2825, dealers said.
The Federal Board of Revenue (FBR) is likely to scan the records of selected non-profit organisations (NPOs) for audit to check any misuse of funds. Sources told Business Recorder on Wednesday that the board would also select NPOs for audit under t
Black pod disease could cut Ivory Coast's cocoa output in the 2007/2008 season by between 75,000 and 100,000 tonnes, exporters in the world's top grower said on Wednesday.
The Federal Board of Revenue (FBR) is likely to scan the records of selected non-profit organisations (NPOs) for audit to check any misuse of funds. Sources told Business Recorder on Wednesday that the board would also select NPOs for audit under t
Cottonseed oilcake prices were sharply higher on the grain market on Wednesday as most of the trading centres reopened after observing long holidays, dealers said.
The Federal Board of Revenue (FBR) is likely to scan the records of selected non-profit organisations (NPOs) for audit to check any misuse of funds. Sources told Business Recorder on Wednesday that the board would also select NPOs for audit under t
Certificated cotton stocks deliverable against the ICE No 2 cotton futures contract as of October 12 totalled 565,013 (480-lb) bales, from 564,858 bales the previous session. There were 13,151 bales issued, 41,185 bales awaiting review and no bales were d
On Wednesday, the BR Index30 opened at 15,926.92 and closed at 16,043.90, registering a net positive change of 139.36 points and percentage change of 0.88. It recorded intra-day high of 16,121.63 and low of 15,654.82. The volume amounted to 327,665,700 sh
US cocoa trading in the pit settled mildly higher Tuesday, after a quiet session marked by thin dealings and light short covering, traders said. "There was light origin selling early but it disappeared. There were some big bids on the screen but (they) di
On Wednesday, the BR Index30 opened at 15,926.92 and closed at 16,043.90, registering a net positive change of 139.36 points and percentage change of 0.88. It recorded intra-day high of 16,121.63 and low of 15,654.82. The volume amounted to 327,665,700 sh
Spring wheat futures on the Minneapolis Grain Exchange closed lower on Tuesday as traders, mainly large speculators, continued to liquidate or sell their long holdings of wheat, traders said. Wheat prices had rallied to record highs in late summer, leavin
Karachi share market on Wednesday continued its upward trend with making new records as the KSE-100 index crossed 14,600 historic level to hit 14,614.34 points intra-day high level on the back of increasing oil prices in the international market.
ICE arabica coffee futures settled slightly lower on Tuesday on follow-though selling by funds as the market reacted to the first spring rains in Brazil, dealers said. "You don't see any aggressive selling, you do see some funds actually doing some buying
Karachi share market on Wednesday continued its upward trend with making new records as the KSE-100 index crossed 14,600 historic level to hit 14,614.34 points intra-day high level on the back of increasing oil prices in the international market.
US copper futures ended at a one-week low on Tuesday with softer global equity markets and concerns about a prolonged US housing slump stalling the industrial metal's upward momentum, dealers said.
Karachi share market on Wednesday continued its upward trend with making new records as the KSE-100 index crossed 14,600 historic level to hit 14,614.34 points intra-day high level on the back of increasing oil prices in the international market.
US gold futures finished a tad lower in heavy, choppy trade on Tuesday as initial support from rising crude prices and follow-through buying in the Asian markets diminished and bullion investors locked in recent profits.
The Sindh government will deploy over 20,000 personnel of the law-enforcement agencies (LEAs) in the city to ensure foolproof security to Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto on her arrival on Thursday.
Gold edged down in volatile trade on Wednesday after early buying by speculators subsided but strong oil prices and tensions in northern Iraq underpinned sentiment. Spot gold rose as high as $764.60 an ounce before dipping to $756.40/757.00 an ounce, down
The Sindh government will deploy over 20,000 personnel of the law-enforcement agencies (LEAs) in the city to ensure foolproof security to Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto on her arrival on Thursday.
Asian physical rubber were quoted mostly unchanged on Wednesday despite a fall in futures contract prices on the Tokyo Commodity Exchange. Firm demand and limited supply supported physical prices and trading was likely to be busier as those waiting to buy
The government would treat Benazir Bhutto, the former Prime Minister, under the terms and conditions of National Reconciliation Ordinance (NRO) 2007, by providing bullet-proof car and other security on her scheduled arrival at Karachi airport today (Thurs
Oil prices eased on Wednesday, as traders took profits from a roaring rally to a new peak above $88, fuelled by renewed investor appetite triggered by fears of tighter supplies this winter and Middle East tension.
The government would treat Benazir Bhutto, the former Prime Minister, under the terms and conditions of National Reconciliation Ordinance (NRO) 2007, by providing bullet-proof car and other security on her scheduled arrival at Karachi airport today (Thurs
Prime Minister Shaukat Aziz expressed confidence that the interim government of NWFP would be able to establish conducive political atmosphere in the province both to ensure peace and create conditions for the holding of free, fair and transparent electio
Tokyo rubber futures slid on Wednesday as a stronger yen spurred profit-taking a day after prices hit a four-month high, but bullish oil prices remained supportive. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery fell 2.0
The NWFP's Caretaker Chief Minister Shams ul Mulk on Wednesday called on President General Pervez Musharraf and discussed with him the situation in the province and the tribal areas. The Chief Minister informed the President that all steps would be taken
Indian soyoil futures fell on Wednesday, tracking sluggish demand in the physical market and a drop in rival Malaysian palm oil futures. At 2:20 pm (0850 GMT), the October futures contract on the National Commodity and Derivatives Exchange was down 0.29 p
Benazir Bhutto confirmed on Wednesday that she would return home on Thursday, after eight years of self-imposed exile, despite government pressure to delay her homecoming. "Yes, I am going," she told reporters here when asked if she would fly to Karachi o
Raw sugar futures finished up and near a two-month high Tuesday on investment fund buying spurred by a sizzling rally in crude oil and the strong tone of the commodity sector, brokers said. "It's all oil. You can't ignore what's going on there," said Jame
Benazir Bhutto confirmed on Wednesday that she would return home on Thursday, after eight years of self-imposed exile, despite government pressure to delay her homecoming. "Yes, I am going," she told reporters here when asked if she would fly to Karachi o
The Chicago Board of Trade soybean market set back on Tuesday after its recent charge higher on the government's outlook for a smaller US soy crop, traders said. "The market is under pressure from the rains in South America. The coverage is a little bette
Airbus euphoria over finally delivering its A380 superjumbo was dampened Wednesday by news the European planemaker's new A400M military transport plane will be delayed by at least six months. Delivery of the first A400Ms to the French airforce will be mov
Chicago Board of Trade rough rice futures tumbled to three-week low Tuesday on follow-through speculative selling, tracking the weakness in the wheat market, traders said. Most of the CBOT agricultural markets were down on a setback from recent highs, inc
Oil''s record rally stalled on Wednesday after an Opec minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia. US crude settled down 21 cents at $87.40 a barrel - its first loss in se
Indonesia had no crude palm oil auction on Wednesday because of Eid-ul-Fitr holidays in some parts and lack of fresh leads, but cooking oil prices rose tracking gains in Malaysia where the Eid holiday has ended.
Oil's record rally stalled on Wednesday after an Opec minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia. US crude settled down 21 cents at $87.40 a barrel - its first loss in sev
Malaysian palm oil futures fell 2 percent on Wednesday as easing prices for rival crude oil in Asian trade promoted players to book profits on palm oil's surge to record highs the day before. The benchmark January contract on the Bursa Malaysia Derivative
Oil's record rally stalled on Wednesday after an Opec minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia. US crude settled down 21 cents at $87.40 a barrel - its first loss in sev
Opec seaborne oil exports, excluding Angola, jumped 609,000 barrels per day (bpd) in September versus August, one of the biggest monthly increases this year, Lloyd's Marine Intelligence Unit (LMIU) data showed on Wednesday.
The Cabinet Committee on Privatisation (CCoP) is scheduled to meet here on Thursday to take up Karachi Electric Supply Corporation''s (KESC) default on Water and Power Development Authority (Wapda) and other departments'' payments. The CCoP will also revi
Air France expects combined annual revenues of $8 billion from a joint venture it announced with Delta Air Lines on Wednesday, in the biggest shake-up in the transatlantic market in years. They plan to share routes linking major US cities and Europe start
The Cabinet Committee on Privatisation (CCoP) is scheduled to meet here on Thursday to take up Karachi Electric Supply Corporation's (KESC) default on Water and Power Development Authority (Wapda) and other departments' payments. The CCoP will also review
The European Union and Russia must get over their post-Cold War problems and a big step forward would be for Russia to move quickly towards joining the World Trade Organisation, the EU's trade chief said.
The Cabinet Committee on Privatisation (CCoP) is scheduled to meet here on Thursday to take up Karachi Electric Supply Corporation's (KESC) default on Water and Power Development Authority (Wapda) and other departments' payments. The CCoP will also review
Coca-Cola Co said on Wednesday quarterly profit rose a better-than-expected 13 percent on strong international sales, the weak dollar and a lower tax rate. The world's largest beverage company, which makes Powerade sports drink and Dasani bottled water in
Coca-Cola Co said on Wednesday quarterly profit rose a better-than-expected 13 percent on strong international sales, the weak dollar and a lower tax rate. The world's largest beverage company, which makes Powerade sports drink and Dasani bottled water in
Japan has suspended beef imports from a US meatpacking plant that violated a bilateral accord aimed at limiting the threat from mad cow disease, the government said Wednesday. The farm ministry said part of a consignment of beef from a Cargill Inc plant i
The leaders of emerging powerhouses India, South Africa and Brazil pledged to work together on Wednesday to ensure a better deal for developing nations as they seek a common voice on the world stage.
German luxury carmaker BMW inaugurated Wednesday "BMW Welt," a giant exhibition and auto delivery space designed to boost the brand's prestige in an increasingly competitive market. The steel and glass building covers 10,000 square meters (107,600 square
US home construction starts fell in September to their lowest level in more than 14 years, while consumer prices rose at the sharpest rate in four months, separate reports showed on Wednesday. Weak housing data boosted US government bond prices and the US
Intel Corp posted a 43 percent rise in quarterly profit on strong sales of microprocessors for notebook computers and it gave a better-than-expected outlook, sending shares up 5 percent.
Intel Corp posted a 43 percent rise in quarterly profit on strong sales of microprocessors for notebook computers and it gave a better-than-expected outlook, sending shares up 5 percent.
Three members of the ECB kept the focus on inflation control on Wednesday, doing nothing to counter the impression promoted by German member Axel Weber that the next move in euro zone interest rates may be upwards.
After three consecutive months of surpluses, the Philippines posted a budget deficit of 14.5 billion pesos (326.3 million dollars) in September, the government said Wednesday. The September figure brought the cumulative budget deficit for the first nine m
German reinsurance company Munich Re will buy speciality insurance company Midland Co for $1.3 billion as part of its drive to boost profitability in the United States. The world's second-biggest reinsurer said on Wednesday it would pay $65 per share for
Altria Group Inc parent of the Philip Morris tobacco companies, posted quarterly profit that beat Wall Street estimates, helped by higher prices in the United States and the weaker dollar. The company also raised its forecast for full-year earnings, citin
Altria Group Inc parent of the Philip Morris tobacco companies, posted quarterly profit that beat Wall Street estimates, helped by higher prices in the United States and the weaker dollar. The company also raised its forecast for full-year earnings, citin
The chairman of one of China's top banks criticised US authorities Wednesday for obstructing Chinese lenders trying to establish a presence in America and accused them of "unequal treatment".
French food group Danone posted its weakest third-quarter results in six years on Wednesday but kept its full-year outlook and said it saw no repeat of soaring milk prices in 2008, boosting its shares.
French food group Danone posted its weakest third-quarter results in six years on Wednesday but kept its full-year outlook and said it saw no repeat of soaring milk prices in 2008, boosting its shares.
China's 2007 trade surplus is likely to exceed 250 billion dollars while consumer inflation was likely to top four percent, state media reported Wednesday, citing a central bank official. "The major problems China's economy is facing include overly rapid
Singapore's key exports rose a mild 2.2 percent in September as higher shipments of pharmaceuticals helped counter a sustained fall in exports of computer parts and other electronic goods, the government said Wednesday. The increase in non-oil domestic ex
After expanding across Earth, the Internet is now set to spread into outer space to reach parts no network has gone before, one of its co-creators predicted Wednesday. Vinton Cerf said the proposed "interplanetary" Internet would allow people an ability "
Manila airport's mothballed international passenger terminal, dogged by controversy and claims of corruption, should open in late 2008 five years after it was built, officials said Wednesday.
North Korea is seeking access to world markets through investing in Cambodia, a top Cambodian minister said Wednesday, adding that the two countries would ink their first trade deal next month.
Prime Minister John Howard set up a potential clash with the central bank Wednesday as economists predicted a damaging interest rate hike in the midst of campaigning for a November 24 election.