Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) on Wednesday where major players and small investors remained on the sidelines to avoid losses amid decrease in index. ISE-10 Index was minus by 8.04 points from 2,908.36 to 2,
The Large Taxpayer Unit, Karachi has expressed serious concern over the slow processing of sales tax refund claims filed by leading corporate entities due to verification by outdated version of Sales Tax Automated Refund Repository (Starr) computer system
The Large Taxpayer Unit, Karachi has expressed serious concern over the slow processing of sales tax refund claims filed by leading corporate entities due to verification by outdated version of Sales Tax Automated Refund Repository (Starr) computer system
The Large Taxpayer Unit, Karachi has expressed serious concern over the slow processing of sales tax refund claims filed by leading corporate entities due to verification by outdated version of Sales Tax Automated Refund Repository (Starr) computer system
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (January 30, 2008).
The US State Department said on Tuesday it expected Pakistan's upcoming elections to be tainted and called on all groups, including international monitors, to keep a tight scrutiny of the landmark event.
The president of Lahore Chamber of Commerce and Industry (LCCI), Mohammad Ali Mian, has urged the government to allocate a piece of land to the goods transporters along side the highways outside of each district, as this would help expedite transportation
The president of Lahore Chamber of Commerce and Industry (LCCI), Mohammad Ali Mian, has urged the government to allocate a piece of land to the goods transporters along side the highways outside of each district, as this would help expedite transportation
Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) on Wednesday where major players and small investors remained on the sidelines to avoid losses amid decrease in index. ISE-10 Index was minus by 8.04 points from 2,908.36 to 2,
The president of Lahore Chamber of Commerce and Industry (LCCI), Mohammad Ali Mian, has urged the government to allocate a piece of land to the goods transporters along side the highways outside of each district, as this would help expedite transportation
Work on the restoration of Chashma hydropower station is nearing completion, and the station will start generating electricity by Thursday evening. The lower floor of the Chashma hydropower station got flooded due to some technical problem in Unit No 3, w
Work on the restoration of Chashma hydropower station is nearing completion, and the station will start generating electricity by Thursday evening. The lower floor of the Chashma hydropower station got flooded due to some technical problem in Unit No 3, w
Work on the restoration of Chashma hydropower station is nearing completion, and the station will start generating electricity by Thursday evening. The lower floor of the Chashma hydropower station got flooded due to some technical problem in Unit No 3, w
Three suspected militants were killed on early Wednesday in an explosion while they were likely making bombs here, police said. The blast occurred in a house where the three men were probably handling explosives, senior police official Muhammad Tahir Khan
SME Business Support Fund (BSF) and Lasbella Industrial Estate Development Authority (LIEDA) on Wednesday signed a memorandum of understanding (MoU) under which the former would help identify small and medium enterprises in the Balochistan province.
SME Business Support Fund (BSF) and Lasbella Industrial Estate Development Authority (LIEDA) on Wednesday signed a memorandum of understanding (MoU) under which the former would help identify small and medium enterprises in the Balochistan province.
US FOB Gulf soyabean export premiums held steady on Tuesday supported by continued sales to China, while corn basis offers were unchanged amid routine export demand, traders said. "There continues to be good export business," said a soyabean trader. "Chin
Improved business was seen on the cotton market on Wednesday buyers were active to cover the forward needs, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3200, they said. In the ready trade, most of the business
Textile exports from Faisalabad region are dwindling by Rs 850 million per day as the textile crisis is worsening and thousands of workers are protesting against job loss in front of mills in the industrial belt here.
Little business was seen on the forward cottonseed oilcake market on Wednesday as a few traders made some purchasing, dealers said. The January vaida opened with rupee one loss at Rs 692.00. Later, it picked up the same amount at Rs 693.00. During the day
Textile exports from Faisalabad region are dwindling by Rs 850 million per day as the textile crisis is worsening and thousands of workers are protesting against job loss in front of mills in the industrial belt here.
US wheat futures closed mostly lower on Tuesday with the bellwether Chicago market pulling back from a six-week high, but Minneapolis spring wheat futures soared to a new top above $13 per bushel.
Textile exports from Faisalabad region are dwindling by Rs 850 million per day as the textile crisis is worsening and thousands of workers are protesting against job loss in front of mills in the industrial belt here.
Dry weather in Sao Paulo state during most of the second half of 2007 should cut yields of cane to be harvested in April and May in Brazil's largest producing area, Ribeirao Preto, a research institute said on Wednesday.
The Federal Food Committee (FFC) has decided to adopt a mechanism to ensure lifting of wheat quota by flour mills in a proper way, and those mills which violate the policy must be taken to task while all the four provinces have been asked to take strict a
South African farmers delivered 15,000 tonnes of maize to silos last week, raising total deliveries so far to 6.077 million from 6.062 million, data showed on Wednesday. The deliveries included 10,000 tonnes of white maize and 5,000 tonnes of yellow, the
The Federal Food Committee (FFC) has decided to adopt a mechanism to ensure lifting of wheat quota by flour mills in a proper way, and those mills which violate the policy must be taken to task while all the four provinces have been asked to take strict a
Spot basis bids for soyabeans and corn firmed at processors and elevators around the US Midwest on Tuesday amid slow selling by farmers, grain dealers said. Cash bids for soyabeans were particularly strong in Iowa, rising by as much as 10 cents per bushel
The Federal Food Committee (FFC) has decided to adopt a mechanism to ensure lifting of wheat quota by flour mills in a proper way, and those mills which violate the policy must be taken to task while all the four provinces have been asked to take strict a
Zimbabwe's gold output fell by more than a third in 2007 as mines suffered from galloping inflation and power cuts, data from the country's chamber of mines showed on Wednesday. The Chamber of Mines said gold output had declined from 11,000 kg in 2006 to
Pakistan Steel Mills on Wednesday announced another raise - third in a row in a month - in the price of some six steel products by upto Rs 2,500 per tonne. Pakistan Steel has raised the prices of billets, cold rolled, hot rolled, copal plate, slab and gal
Apropos a news item carried by Business Recorder on Wednesday, the Trading Corporation of Pakistan has clarified: "The news article is not based on facts as such it is clarified that necessary laboratory tests are conducted from time to time.
Pakistan Steel Mills on Wednesday announced another raise - third in a row in a month - in the price of some six steel products by upto Rs 2,500 per tonne. Pakistan Steel has raised the prices of billets, cold rolled, hot rolled, copal plate, slab and gal
The Karachi Port handled 142,932 tonnes cargo including 98,317 tonnes import, 44,615 tonnes export cargo and 3,020 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
Pakistan Steel Mills on Wednesday announced another raise - third in a row in a month - in the price of some six steel products by upto Rs 2,500 per tonne. Pakistan Steel has raised the prices of billets, cold rolled, hot rolled, copal plate, slab and gal
The Karachi share market on Wednesday opened on a positive note and the KSE-100 index hit 14,088.24 points intra-day high on the back of fresh buying, mainly in banking, fertiliser and E&P stocks.
The Karachi share market on Wednesday opened on a positive note and the KSE-100 index hit 14,088.24 points intra-day high on the back of fresh buying, mainly in banking, fertiliser and E&P stocks.
The Karachi share market on Wednesday opened on a positive note and the KSE-100 index hit 14,088.24 points intra-day high on the back of fresh buying, mainly in banking, fertiliser and E&P stocks.
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
On Wednesday, BRIndex30 opened in the green zone at 15,245.78 and remained there for whole of the trading time. It closed at 15,217.79 with a net positive change of 11.6 points and percentage change of 0.08.
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
On Wednesday, BRIndex30 opened in the green zone at 15,245.78 and remained there for whole of the trading time. It closed at 15,217.79 with a net positive change of 11.6 points and percentage change of 0.08.
US stocks rose on Tuesday as expectations the Federal Reserve will slash interest rates for the second time in a week boosted banks, insurers and home builders. Investors snapped up shares of J.P. Morgan Chase and Wells Fargo on a bet lower interest rates
US soldiers are lampooned, policemen are shown as buffoons and cleric Moqtada al-Sadr is irreverently cheered by penguins... Iraqis are turning to YouTube to express their dark-edged humour. The main butt of send-ups posted by Iraqis on the popular Intern
I am a shareholder of a listed company and many shareholders like me are grateful to SECP for enacting and making provision in company ordinance 1984 for every listed company to appoint Share Registrar under section 204/A (B) of the ordinance.
Severe cold and frost has affected horticulture and farm produce, especially fodder, as well as poultry and livestock in the area. The growth of flower and vegetables has been almost stopped by the frost, while fodder plants especially 'barseen' has been
Trade Development Authority of Pakistan (TDAP) will organise participation of Pakistani delegation in the 5th "Project Rebuild Iraq" exhibition in Amman in first week of May, 2008.
New York gold futures dropped early on Wednesday, failing to recoup losses as a government report showed sharply weaker-than-expected US growth and bullion investors took profits ahead of the Fed's rate decision.
US copper futures were soft in early trade on Wednesday, consolidating Tuesday's sharp rally, after a report of weaker-than-expected economic growth prompted some players to cash in on the market's recent bout of strength, an975.
US soyabean futures on the Chicago Board of Trade were lower at midmorning Wednesday on profit-taking, with the weakness in the Minneapolis spot wheat contract adding to the bearish tone, traders said.
US corn futures were lower on Wednesday amid spillover pressure from a profit-taking drop in wheat futures, traders said. At 10:10 am CST (1610 GMT), Chicago Board of Trade corn was down 1/2 to 4-3/4 cents per bushel, with March down 3-1/2 at $4.97-1/2 pe
US wheat futures were mostly lower at midday on Wednesday on profit-taking after recent strong rallies and expectations of more wheat entering the export market, traders said.
Raw sugar futures were firmer early Wednesday on modest fund buying, but sales by small speculators knocked the market from its highs for the session, brokers said. The ICE Futures electronic March sugar contract added 0.03 cent to 12.23 cents per lb at 9
US cocoa futures rose to a five-year high early Wednesday as funds continued to add to their long positions, while arabica coffee futures moved quietly higher, traders said.
Gold and platinum slipped on Wednesday in nervous trade as investors took profits ahead of a decision by the US Federal Reserve on interest rates. Spot gold fell to $921.65/922.35 by 1613 GMT from $928.60/929.30 an ounce in New York on Tuesday, when it ra
Copper prices slipped more than 2 percent on Wednesday as investors took profits ahead of a decision by the US Federal Reserve on interest rates and its comments on the outlook for the world's biggest economy.
Brazilian 2007/08 (May/April) cocoa arrivals from Bahia and other states totalled 3.03 million 60-kg bags by January 27, down 4.5 percent from 3.17 million bags a year ago, Bahia Commercial Association said on Wednesday.
Cotton futures finished firmer Wednesday on buying by small speculators as most key players seem to be sidelined waiting for further leads on its next move into next week, brokers said.
Centre/south Brazil's sugar cane output is expected to rise to a record 475 million tonnes in 2008/09, from 425 million in 2007/08, Carlos Murilo Barros de Mello, commercial director of sugar and ethanol group Cosan.
Oil rose past $92 a barrel on Wednesday after the US Federal Reserve cut interest rates to stimulate the economy of the world's top energy consumer. US crude settled up 69 cents at $92.33 a barrel, rising on the Fed decision to reduce interest rates by a
Robusta coffee and cocoa futures soared to multi-year highs on Wednesday with the markets' remorseless advance driven by investment funds, dealers said. "There is a new fund popping up every day and they are coming into the soft commodities which are chea
Syria has agreed to export 176,000 tonnes of wheat to Egypt in exchange for 102,000 tonnes of white rice, the head of the government's purchasing division said on Wednesday.
Britain's FTSE 100 index fell 0.8 percent on Wednesday, with banks and oil shares leading the way as US economic growth came in weaker than expected before the US Federal Reserve's interest rate decision later in the day.
Philippines share prices closed 1.0 percent higher Wednesday as investors chased bargains, encouraged by the upturn on Wall Street and anticipation of another interest rate cut in the US, dealers said.
Re-issued bonds from Manila came off highs on Wednesday in a broadly steady Asian market with edgy investors worried about bond insurer downgrades that could trigger massive bond losses and raise consumer borrowing costs.
Re-issued bonds from Manila came off highs on Wednesday in a broadly steady Asian market with edgy investors worried about bond insurer downgrades that could trigger massive bond losses and raise consumer borrowing costs.
Chinese stocks were mixed on Wednesday as turnover remained thin and banking shares slid on concern about increasing equity supply, rising inflation and monetary tightening. The benchmark Shanghai Composite Index fell 0.90 percent to close at 4,417.849 po
US stocks fell on Wednesday as investors feared that any boost to the economy from an expected Federal Reserve rate cut later in the day would be short-lived as the central bank may soon have to reverse course to respond to signs of rising inflation.
European credit spreads widened slightly on Wednesday ahead of an expected US rate cut as concerns grew about the economic outlook, banks' earnings and their exposure to US bond insurer losses.
European credit spreads widened slightly on Wednesday ahead of an expected US rate cut as concerns grew about the economic outlook, banks' earnings and their exposure to US bond insurer losses.
The Indian rupee was caught in a narrow band on Wednesday as traders geared up for outflows relating to a recent share offering, while investors stayed on the sidelines ahead of a key US rate decision.
The dollar slipped to two-week lows against a basket of major currencies on Wednesday as investors awaited the US interest rate decision later in the day, which will likely be another recession-fighting cut.
Sterling edged lower versus the dollar on Wednesday but remained close to the year's high before a decision on US interest rates from the Federal Reserve later in the day. The pound earlier touched a four-week peak against the dollar but retreated after U
Egyptian President Hosni Mubarak held talks with Iran's parliament speaker Gholam Ali Hadad Adel on Wednesday, the first such high-level meeting since the two nations froze ties almost 30 years ago.
An international "fuel bank" should be set up to provide countries like Iran with nuclear fuel for civilian purposes so they don't have to enrich uranium themselves, the EU's Javier Solana said Wednesday.
Israel's high court on Wednesday backed the Israeli government's decision to reduce fuel supplies to the Hamas-controlled Gaza Strip. Human rights groups had petitioned the court seeking to block the fuel reductions, arguing they risked creating a humanit
Taliban militants beheaded Wednesday four Afghan roadworkers abducted a week ago while a series of rebel bombings killed three civilians, authorities said. The militants who abducted the four men in the mountainous and remote north-eastern province of Nur