The deteriorating law and order situation has negatively impacted foreign investment as the number of foreign investors has gone down by 25-30 percent as compared to last year, and if the trend is not averted the this percentage is likely to increase furt
The Water and Power Division and Water and Power Development Authority (Wapda) have shelved Chashma Right Bank Canal (CRBC) lift-cum-gravity project, which is one of the vital projects in the pipeline for the development of agriculture sector in southern
The Water and Power Division and Water and Power Development Authority (Wapda) have shelved Chashma Right Bank Canal (CRBC) lift-cum-gravity project, which is one of the vital projects in the pipeline for the development of agriculture sector in southern
The Water and Power Division and Water and Power Development Authority (Wapda) have shelved Chashma Right Bank Canal (CRBC) lift-cum-gravity project, which is one of the vital projects in the pipeline for the development of agriculture sector in southern
Over 450 bank branches, including over 50 ATMs, have been looted and destroyed by miscreants following the assassination of former premier and Chairperson of Pakistan Peoples Party (PPP) Benazir Bhutto.
Over 450 bank branches, including over 50 ATMs, have been looted and destroyed by miscreants following the assassination of former premier and Chairperson of Pakistan Peoples Party (PPP) Benazir Bhutto.
Country has suffered colossal losses in rioting that erupted when opposition leader Benazir Bhutto was assassinated with damage of about $200 million to the railways alone, the government said on Monday. "The loss to public property and infrastructure has
Country has suffered colossal losses in rioting that erupted when opposition leader Benazir Bhutto was assassinated with damage of about $200 million to the railways alone, the government said on Monday. "The loss to public property and infrastructure has
Federal Cabinet on Monday once again deferred draft Stock Exchanges, Corporatisation, Demutualisation and Integration Ordinance, 2007, frustrating Securities and Exchanges Commission of Pakistan''s efforts to promulgate it before December 31, it is learnt
Federal Cabinet on Monday once again deferred draft Stock Exchanges, Corporatisation, Demutualisation and Integration Ordinance, 2007, frustrating Securities and Exchanges Commission of Pakistan's efforts to promulgate it before December 31, it is learnt
Federal Cabinet on Monday once again deferred draft Stock Exchanges, Corporatisation, Demutualisation and Integration Ordinance, 2007, frustrating Securities and Exchanges Commission of Pakistan's efforts to promulgate it before December 31, it is learnt
The Federal Board of Revenue (FBR) has announced phase-wise tariff reduction, from 2008 to2014, on import of 5921 items from Malaysia, including crude oil/RBD palm oil. The FBR on Monday issued SRO 1261(I)/2007 to notify reduction of customs duty on the i
The Federal Board of Revenue (FBR) has announced phase-wise tariff reduction, from 2008 to2014, on import of 5921 items from Malaysia, including crude oil/RBD palm oil. The FBR on Monday issued SRO 1261(I)/2007 to notify reduction of customs duty on the i
The Federal Board of Revenue (FBR) has announced phase-wise tariff reduction, from 2008 to2014, on import of 5921 items from Malaysia, including crude oil/RBD palm oil. The FBR on Monday issued SRO 1261(I)/2007 to notify reduction of customs duty on the i
The Federal Board of Revenue (FBR) has announced phase-wise tariff reduction, from 2008 to2014, on import of 5921 items from Malaysia, including crude oil/RBD palm oil. The FBR on Monday issued SRO 1261(I)/2007 to notify reduction of customs duty on the i
The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed for public dealing on Tuesday (January 1 2008), which has been declared bank holiday.
The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed for public dealing on Tuesday (January 1 2008), which has been declared bank holiday.
The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed for public dealing on Tuesday (January 1 2008), which has been declared bank holiday.
Nearly three decades after the idea was first mooted, the six oil-rich Gulf monarchies enter the new year after finally establishing a common market with a combined economy of 715 billion dollars.
Nearly three decades after the idea was first mooted, the six oil-rich Gulf monarchies enter the new year after finally establishing a common market with a combined economy of 715 billion dollars.
Nearly three decades after the idea was first mooted, the six oil-rich Gulf monarchies enter the new year after finally establishing a common market with a combined economy of 715 billion dollars.
The US government called Monday for a "date certain" for elections in Pakistan after a four-week delay was touted following the assassination of opposition leader Benazir Bhutto.
The US government called Monday for a "date certain" for elections in Pakistan after a four-week delay was touted following the assassination of opposition leader Benazir Bhutto.
Election Commission of Pakistan Monday sought report from the offices of the Provincial Election Commissions and the Provincial governments to decide about the January 08 polls.
Election Commission of Pakistan Monday sought report from the offices of the Provincial Election Commissions and the Provincial governments to decide about the January 08 polls.
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
From the home and office to the factory and leisure centre, in virtually all areas of human activity, PVC is present. As one of the world's most versatile thermoplastics, with a wider range of uses than any other plastic material, such widespread use and
In 1991, Exxon decided to divest its fertiliser business on a global basis. Inspired by conviction in the Company's growth potential, the employees of Exxon Chemical Pakistan Limited, in partnership with leading international and local financial instituti
At the heart of the global chemical industry is Naphta derived from crude oil or coal or other hydrocarbons, at refining stage, that forms the basic feed stock of most larger scale activity falling under the head of 'Chemicals-Industry".
Indian soyoil futures fell on Monday as traders booked profit after contracts hit record highs last week and tracking losses in Malaysian palm. India's decision to allow the import of genetically modified soyoil without government approval until further n
Indian sugar futures rose on Monday tracking gains in the physical market and after the government released a smaller than expected quota for sale in the free market in January, analysts said. At 2:53 pm (0923 GMT) the January contract on the National Com
Gold rallied to a seven-week high on Monday and close to a record high of $850 on speculative buying driven by a weak US dollar and tensions in Pakistan following the assassination of opposition leader Benazir Bhutto.
Malaysian crude palm oil futures fell more than 2 percent on Monday as players booked profits at the end of the year after strong gains lifted the market to record highs last week. But rising exports and firm crude oil prices limited losses in the palm oi
India will allow imports of genetically modified soyoil without government approval until further notice, the commerce ministry said on its Web site. After warnings from environmental and health lobby groups.
Oil held firm above $96 a barrel on Monday, heading for its biggest annual gain this decade as growing geopolitical concerns and dwindling consumer nation stockpiles outweighed the risk of a softening US economy. US light crude for February delivery rose
Malaysian share prices closed little changed on Monday in quite trading ahead of the New Year holiday, dealers said. The Kuala Lumpur Composite Index (KLCI) closed down 0.1 percent or 2.01 points at 1,445.03, off an all-time intra-day high of 1,452.57 poi
Taiwan stocks rose 1.30 percent to a 2-1/2-week closing high on Monday, as investors hunted for technology bargains such as chip designer Mediatek Inc and smartphone maker HTC. The main TAIEX share index gained 109.33 points to end at 8,506.28, with the h
Asian bonds ended the year on a steady note on Monday, with traders expecting a revival in activity in 2008 to be prompted by new supplies, but worries about the US economy remained a major concern for investors.
Asian bonds ended the year on a steady note on Monday, with traders expecting a revival in activity in 2008 to be prompted by new supplies, but worries about the US economy remained a major concern for investors.
Indian share prices closed 0.40 percent higher on Monday led by local fund buying, dealers said. They said the stock market ended the year up 47.1 percent on record overseas investment of nearly 17 billion dollars, compared to 7.99 billion dollars in 2006
Australian stocks closed little changed on Monday in a shortened last session of the year, dealers said. The benchmark S&P/ASX 200 dropped 0.1 points to end 2007 at 6,339.8. The broader All Ordinaries lost 2.7 points on New Year's Eve to close at 6,421.0.
Hong Kong blue chips ended the year on a high note on Monday, ringing up a 39 percent gain for 2007 to make the index Asia's fifth best-performing bourse this year, and representing its best annual rise since 1999.
The pace of existing US home sales edged up in November to a 5 million-unit annual rate and the median price fell from a year earlier, the National Association of Realtors said on Monday. Economists polled by Reuters were expecting home resales to hold st
General Motors Corp's joint venture in China is recalling 7,056 Buick cars in the country due to front brake problems, Xinhua news agency reported, citing China's top quality watchdog.
The former head of the collapsed Daewoo conglomerate was among 75 convicted criminals to be pardoned Monday by outgoing South Korean President Roh Moo Hyun.Kim Woo Choong, 71, Daewoo's founder and chairman, was convicted of embezzlement and fabrication of
A website has opened to attract foreign investment to North Korea, one of the world's most closed societies. China's Xinhua news agency, in a report from Pyongyang, said www.dprk-economy.com was set up by North Korea and began operating Monday.
Zimbabwe's central bank chief indefinitely extended a deadline on Monday to exchange 200,000-dollar bills just hours before they were to cease being legal tender after scenes of chaos at banks across the country.
Malaysia's national oil firm Petronas on Monday said it had signed a deal with oil giants Royal Dutch/Shell and ConocoPhillips to explore and produce offshore natural gas from Sabah state. Petronas Carigali, the exploration and production arm of Petronas,
Iraq has stopped pumping its Kirkuk crude oil by pipeline to Turkey as storage tanks at the port of Ceyhan are full after steady flows for almost two weeks, a shipping agent said on Monday.
Eurozone money markets are flush with cash at the turn of the year after generous lubrication from the European Central Bank, avoiding the end-of-year spike in lending rates which many had feared. Market interest rates for overnight cash were trading well
Small and medium-sized businesses in the Asia-Pacific region are predicted to spend 95.8 billion dollars on information technology upgrades in 2008 with China, India, South Korea and Australia leading the pack, a study said on Monday.The amount is 14 per
China on Monday announced a $20 billion capital injection into China Development Bank, one of the country's three policy lenders, as part of a long-planned transformation of the state-owned company into a commercial bank.
Iran said on Monday it would not back down from its demand for a share of around 20 percent of the Caspian Sea, which boasts huge hydrocarbon reserves and valuable caviar stocks.
The tiny Mediterranean islands of Cyprus and Malta began the final countdown on Monday to bid farewell to their national currencies ahead of their entry to the eurozone on January 1. Cyprus pounds and Maltese lira will be replaced by euro notes and coins
Turkmenistan has stopped natural gas exports to Iran, causing winter shortages in some parts of its neighbour, Iranian officials said on Monday. The major Central Asia producer blamed technical problems but some Iranian media reports suggested it had halt
Sri Lanka's annual inflation rate measured on a 12-month moving average stood at 15.8 percent in December on a new index, up from 15.4 percent in November due to higher food prices, the government said on Monday. Consumer prices rose 18.8 percent in Decem
Vietnam's economy grew by nearly 8.5 percent in 2007, the fastest rate in 11 years, after the country joined the World Trade Organisation, the communist government said Monday. The gross domestic product (GDP) growth rate of 8.48 percent, compared to 8.2
With surging bourses, swelling ranks of urban millionaires and leaders exulting over the country's 9 per cent growth, one could say the Indian economy never had it so good. But India's development plans also brought to fore the anger of millions whose int
Business on the European vegetable oil market grinded to a halt on Monday when it closed at noon for the New Year break, market sources said. Markets are closed from 1200 GMT on Monday and will re-open on January 2, 2008.
US Plains hard red winter wheat basis values were mostly steady on Monday, with many merchants taking 5-10 cents a bushel protection against falling futures prices. The market remained mostly quiet in a holiday slowdown. A firmer tone continued for higher
Cameroon's cocoa bean exports totalled 63,723 tonnes from August 1 to November 31, compared with 84,500 tonnes in the same period last year, according to Cocoa and Coffee Interprofessional Board (CCIB) data seen on Monday.
Two Chinese shipping lines said they had ordered a total of 30 vessels for more than $1.9 billion to meet surging demand for transport of goods and raw materials.
Spot basis bids for corn and soyabeans were steady to weaker at locations around the US Midwest Monday amid slow farmer selling, grain dealers said. Dealers at some elevators and processors were not accepting any soyabean sales due to a sharp downturn in
Benchmark Euronext milling wheat futures closed the year at 248.00 euros a tonne on Monday, posting a 68 percent gain on final 2006 prices as worries over a global supply crunch fuelled a spectacular rally. The Paris-traded March contract finished down 4.
The Karachi Port handled 105,726 tonnes cargo including 90,311 tonnes import, 15,415 tonnes export cargo and 1,889 containers (TEUs) during last 48 hours ending at 0700 hours on Monday. The cargo comprised of 100,327 tonnes dry cargo including 60,437 tonn
Lacklustre trading was seen on the forward cottonseed oilcake market on Monday as attendance was thin, dealers said. The January vaida held its last levels at Rs 646.00 and closing was seen at the same rate, they said.