US President George W. Bush supports calls for an economic stimulus package and will discuss recent worrisome data with leading lawmakers on Thursday, the White House said. "The president does believe that over the short term, to deal with the softening o
European Union growth is expected to remain near potential this year and next but high oil and commodity prices have sharpened downside risks, a document to be discussed by EU finance ministers next week said.
The crisis caused by scarcity and soaring prices of wheat and flour has literally caused a ''belly ache'' for nearly every citizen. The irony that it happened to a wheat surplus country, in a year when the authorities announced a bumper crop and an ''expo
The crisis caused by scarcity and soaring prices of wheat and flour has literally caused a 'belly ache' for nearly every citizen. The irony that it happened to a wheat surplus country, in a year when the authorities announced a bumper crop and an 'exporta
The crisis caused by scarcity and soaring prices of wheat and flour has literally caused a 'belly ache' for nearly every citizen. The irony that it happened to a wheat surplus country, in a year when the authorities announced a bumper crop and an 'exporta
Following some high-level consultations with the Securities and Exchange Commission of Pakistan, FTSE Group (FTSE), the global index provider, has deferred its decision to remove Pakistan from the FTSE Global Equity Index Series (GEIS) from June 2008.
Following some high-level consultations with the Securities and Exchange Commission of Pakistan, FTSE Group (FTSE), the global index provider, has deferred its decision to remove Pakistan from the FTSE Global Equity Index Series (GEIS) from June 2008.
Following some high-level consultations with the Securities and Exchange Commission of Pakistan, FTSE Group (FTSE), the global index provider, has deferred its decision to remove Pakistan from the FTSE Global Equity Index Series (GEIS) from June 2008.
The National Electric Power Regulatory Authority (Nepra) has not framed 80 percent of rules even after its decade long existence, informed sources told Business Recorder. The reason behind this was non-professional and politically-backed bureaucrat
The National Electric Power Regulatory Authority (Nepra) has not framed 80 percent of rules even after its decade long existence, informed sources told Business Recorder. The reason behind this was non-professional and politically-backed bureaucrat
The National Electric Power Regulatory Authority (Nepra) has not framed 80 percent of rules even after its decade long existence, informed sources told Business Recorder. The reason behind this was non-professional and politically-backed bureaucrat
On Thursday, BRIndex30 opened at 14,960.70. It closed at 14,801.91, recording net negative change of -169.54 points and percentage change of -1.13. BRIndex30 made an intra-day high of 14,974.18 and intra-day low of 14,717.04.
On Thursday, BRIndex30 opened at 14,960.70. It closed at 14,801.91, recording net negative change of -169.54 points and percentage change of -1.13. BRIndex30 made an intra-day high of 14,974.18 and intra-day low of 14,717.04.
Bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 172.63 points to close at 13,674.04 points level amidst thin volumes. "Lack of local and foreign investor interest was witnessed due to prevailing uncertain
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 17, 2008).
Bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 172.63 points to close at 13,674.04 points level amidst thin volumes. "Lack of local and foreign investor interest was witnessed due to prevailing uncertain
Bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 172.63 points to close at 13,674.04 points level amidst thin volumes. "Lack of local and foreign investor interest was witnessed due to prevailing uncertain
Tullow Pakistan, a foreign exploration and production company, has put its blocks and other assets up for sale, saying it is no longer possible for the company to continue finding carbon reserves amid deteriorating law and order situation in Pakistan.
Tullow Pakistan, a foreign exploration and production company, has put its blocks and other assets up for sale, saying it is no longer possible for the company to continue finding carbon reserves amid deteriorating law and order situation in Pakistan.
Tullow Pakistan, a foreign exploration and production company, has put its blocks and other assets up for sale, saying it is no longer possible for the company to continue finding carbon reserves amid deteriorating law and order situation in Pakistan.
The Federal Board of Revenue (FBR) has failed to workout an effective mechanism for checking the sugar industry''s tax evasion as unregistered buying and selling of sugarcane at illegal weighing scales (kundas) is setting new record this year.
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 Federal Board of Revenue (FBR) has failed to workout an effective mechanism for checking the sugar industry's tax evasion as unregistered buying and selling of sugarcane at illegal weighing scales (kundas) is setting new record this year.
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 Federal Board of Revenue (FBR) has failed to workout an effective mechanism for checking the sugar industry's tax evasion as unregistered buying and selling of sugarcane at illegal weighing scales (kundas) is setting new record this year.
The state-run grain trader has withdrawn testing condition from imported wheat at disembarkation port on bidders request in order to ensure maximum participation in the wheat tender, sources told Business Recorder on Thursday.
Spot basis bids for corn and soyabeans firmed at river terminals on Wednesday, but held steady at most interior elevators and processors, grain dealers said. Country movement was mostly slow, but a dealer in western Iowa said some farmers booked light sal
The state-run grain trader has withdrawn testing condition from imported wheat at disembarkation port on bidders request in order to ensure maximum participation in the wheat tender, sources told Business Recorder on Thursday.
The Karachi Port handled 112,441 tonnes cargo including 94,219 tonnes import, 18,222 tonnes export cargo and 3,115 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.
The state-run grain trader has withdrawn testing condition from imported wheat at disembarkation port on bidders request in order to ensure maximum participation in the wheat tender, sources told Business Recorder on Thursday.
US corn futures on the Chicago Board of Trade closed lower on Wednesday in a setback from recent rallies to 11-year highs and on mounting concerns about a potential recession, traders said. Traders said steep slides in crude oil and gold also weighed on t
Pakistan's nuclear assets are secure and there is no danger to their safety currently or in the near future, foreign policy experts said at a US Congressional hearing.
US FOB Gulf corn and soyabean basis offers were firm on Wednesday, after softening earlier in the week, amid higher CIF barge values, traders said. CIF corn and soyabean values jumped on Wednesday amid rising barge freight rates and lower Chicago Board of
A federal grand jury on Wednesday indicted a former US lawmaker for his links to a charity that sent funds to an Afghanistan-based supporter of al Qaeda through banks in Pakistan.
Til after maintaining a firm trend for a long time, fluctuated with sharp gain on the grain market on Thursday as most of the commodities held their overnight levels mainly because of balanced demand and supply position, dealers said.
A federal grand jury on Wednesday indicted a former US lawmaker for his links to a charity that sent funds to an Afghanistan-based supporter of al Qaeda through banks in Pakistan.
The US Congress on Wednesday passed its first 2008 legislation by condemning the murder of ex-premier Benazir Bhutto amid a call for a shift in US policy towards Islamabad.
US Plains hard red winter wheat basis values were holding steady on Thursday, with market players keying strategies to surging futures prices and strong mill demand. New-crop July wheat futures on the Kansas City Board of Trade soared to a new contract hi
US policymakers must keep pressure on President Pervez Musharraf to hold fair elections in Pakistan next month or risk deeper chaos in the nuclear-armed country, an important ally in Washington's anti-terror campaign, experts told Congress on Wednesday.
US wheat futures closed mixed in volatile trade on Wednesday, with the Minneapolis spring wheat market soaring to an all-time high toward the close on commercial buying and firm cash markets, traders said.
US policymakers must keep pressure on President Pervez Musharraf to hold fair elections in Pakistan next month or risk deeper chaos in the nuclear-armed country, an important ally in Washington's anti-terror campaign, experts told Congress on Wednesday.
Dullness prevailed in the forward cottonseed oilcake market on Thursday as leading buyers were on the sidelines, dealers said. The January vaida opened unchanged at Rs 655.00 and closing was seen at the same level with no fluctuation for the day's bottom
The detective team of Scotland Yard (SLY) has been entered final stage after the preliminary investigation into the assassination of Benazir Bhutto. On Thursday the SLY team investigators discussed various aspects of the investigations done so far with th
Cautious trading was seen on the cotton market on Thursday as mills avoided hectic buying in a bid to halt sharp increase in the prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3200, they said.
The detective team of Scotland Yard (SLY) has been entered final stage after the preliminary investigation into the assassination of Benazir Bhutto. On Thursday the SLY team investigators discussed various aspects of the investigations done so far with th
Political uncertainty in the country, approach of Ashura (10th of Moharram) next Sunday and extensive shortages of gas and electric power have put the domestic cotton and textile industry in a predicament. Added to these woes, a relatively short domestic
The ministry of finance has conveyed to President Musharraf that the tax machinery would be able to surpass revenue collection of Rs 1 trillion during 2007-2008.
Political uncertainty in the country, approach of Ashura (10th of Moharram) next Sunday and extensive shortages of gas and electric power have put the domestic cotton and textile industry in a predicament. Added to these woes, a relatively short domestic
The ministry of finance has conveyed to President Musharraf that the tax machinery would be able to surpass revenue collection of Rs 1 trillion during 2007-2008.
Arabica coffee futures trading on ICE on Wednesday slipped on the speculative liquidation that pushed most commodities into negative territory in a correction to Tuesday's rally, dealers said. "The market came off today with more-or-less spec liquidation,
The ministry of finance has conveyed to President Musharraf that the tax machinery would be able to surpass revenue collection of Rs 1 trillion during 2007-2008.
US cocoa futures settled weak on Wednesday, correcting lower on liquidation and technical pressure after on Monday's fund-driven rally, traders said. "(There's) some trade or industry buying mixed with some arbitrage as New York fell faster than London,"
Two major al Qaeda operatives in tribal areas near Afghanistan have called upon their followers to intensify holy war against security forces and seize control of the capital Islamabad, media reports said on Thursday.
MGE March spring wheat settled at $11.34-3/4 per bushel on Thursday, up 27 cents, after reaching $11.37-3/4, the highest-ever price for any US wheat futures contract. The contract traded the maximum one-day range of 60 cents, rising the 30-cent daily limi
The caretaker cabinet will quiz Pakistan International Airlines (PIA) Chairman Zafar Ahmad Khan on January 22 to know the reasons of huge losses despite the fact that seats were not available on most of the international and domestic flights, informed sou
US copper futures ended lower on Wednesday as the industrial metal fell under the weight of a stronger US dollar and the steeper losses sustained in the precious metals and energy complexes, analysts said. "I think you can attribute this sell-off today to
The caretaker cabinet will quiz Pakistan International Airlines (PIA) Chairman Zafar Ahmad Khan on January 22 to know the reasons of huge losses despite the fact that seats were not available on most of the international and domestic flights, informed sou
US gold futures finished near a one-week low on Wednesday as funds frantically liquidated positions to cover margin calls amid steep losses, triggering a broad sell-off in commodities.
The caretaker cabinet will quiz Pakistan International Airlines (PIA) Chairman Zafar Ahmad Khan on January 22 to know the reasons of huge losses despite the fact that seats were not available on most of the international and domestic flights, informed sou
Gold extended losses from a record high on Thursday, surrendering as much as $8.60 an ounce as the dollar held on to its gains against the euro ahead of a testimony by US Federal Reserve Chairman Ben Bernanke.
State Bank of Pakistan has instructed banks not to provide financing for retirement of wheat procurement loans to avoid hoarding of wheat. In this regard SBP on Thursday issued MFD Circular Letter No 01 to the heads of banks.
State Bank of Pakistan has instructed banks not to provide financing for retirement of wheat procurement loans to avoid hoarding of wheat. In this regard SBP on Thursday issued MFD Circular Letter No 01 to the heads of banks.
Asian physical rubber prices were quoted lower on Thursday a day after futures contracts tumbled nearly three percent on the Tokyo Commodity Exchange. But trade was active, with several deals done after prices fell, traders said.
State Bank of Pakistan has instructed banks not to provide financing for retirement of wheat procurement loans to avoid hoarding of wheat. In this regard SBP on Thursday issued MFD Circular Letter No 01 to the heads of banks.
Oil rose on Thursday on short- covering after a hefty increase in US crude oil stocks compounded concerns of a slowing economy in the world's top energy consumer and led to losses of more than $3 over the past two days. US light crude for February deliver
The chairman of the US Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly
Shanghai copper steadied on Thursday after dropping by its daily limit on Wednesday, shrugging off tighter monetary policy in China and instead focusing on gains in London and prospects of a US interest rate cut. The April copper contract, the most active
The chairman of the US Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly
Gains in cocoa futures and dwindling supplies lifted prices of Indonesian cocoa beans this week, but trading was thin as buyers awaited fresh supplies from the main harvest in March.
The chairman of the US Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly
Raw sugar futures bucked a sell-off in the commodity complex to settle at a year high and the market is poised to punch higher based on the strength of its performance on Wednesday, brokers said. ICE Futures March electronic sugar contract was 0.22 cent h
A teenaged suicide bomber blew himself up in a gathering of mourners at Imam Bargah in congested Mohalla Jhangi at the back of historic Qissa Khwani killing ten mourners and injuring 25 others. Waqar Hussain, Mutawalli (Caretaker) of Imam Bargah, cop Alam
Indian soyoil futures rose on Thursday, tracking a rebound in rival Malaysian palm oil futures and higher crude oil. At 3:57 pm (1027 GMT), the January contract on the National Commodity and Derivatives Exchange was up 0.85 percent at 586.7 rupees ($14.9)
A teenaged suicide bomber blew himself up in a gathering of mourners at Imam Bargah in congested Mohalla Jhangi at the back of historic Qissa Khwani killing ten mourners and injuring 25 others. Waqar Hussain, Mutawalli (Caretaker) of Imam Bargah, cop Alam
US rough rice futures on the Chicago Board of Trade dived on Wednesday amid a broad-based sell-off in commodities, traders said. Rice, along with other commodities, has been on fire, soaring to an all-time high as investors looked for a hedge against infl
Tokyo rubber futures rose on Thursday as slight falls in the yen against the dollar and expectations of potential supply concerns prompted short-covering after slipping nearly 3 percent the previous day. The benchmark Tokyo Commodity Exchange rubber contr
Malaysian crude palm oil futures rose 3 percent on Thursday, rebounding from two straight days of declines after gains in the soyoil market, traders said.
The DGB confederation of German trade unions called Thursday for a boycott of Nokia, the world's leading maker of mobile telephones, in response to the planned closure of a western German factory. "Boycott Nokia" was the title of a statement sent from a D