The share market showed a highly volatile movement on Monday and failed to take a one-sided direction amid alternative buying and selling bouts, to finally finish with minor losses. The LSE-25 Index, with a fractional decline of 1.79 points, finished at 4
The share market showed a highly volatile movement on Monday and failed to take a one-sided direction amid alternative buying and selling bouts, to finally finish with minor losses. The LSE-25 Index, with a fractional decline of 1.79 points, finished at 4
Detained nuclear scientist Abdul Qadeer Khan said he took the blame four years ago for passing atomic secrets to Iran, North Korea and Libya in order to "save his country".
Detained nuclear scientist Abdul Qadeer Khan said he took the blame four years ago for passing atomic secrets to Iran, North Korea and Libya in order to "save his country".
The Government has announced to establish new power generating plants in Karachi of 540 MW capacity in next six months besides increasing the Supply from Pakistan Electric Power Company (Pepco) to the city up to 500 MW.
The Government has announced to establish new power generating plants in Karachi of 540 MW capacity in next six months besides increasing the Supply from Pakistan Electric Power Company (Pepco) to the city up to 500 MW.
The Government has announced to establish new power generating plants in Karachi of 540 MW capacity in next six months besides increasing the Supply from Pakistan Electric Power Company (Pepco) to the city up to 500 MW.
The Sui Northern Gas Pipeline (SNGPL) management on Monday submitted a Rs 30 billion 5-year investment plan to the Minister for Petroleum, Muhammad Asif, here for expansion and improvement of its gas distribution network.
The Sui Northern Gas Pipeline (SNGPL) management on Monday submitted a Rs 30 billion 5-year investment plan to the Minister for Petroleum, Muhammad Asif, here for expansion and improvement of its gas distribution network.
The Sui Northern Gas Pipeline (SNGPL) management on Monday submitted a Rs 30 billion 5-year investment plan to the Minister for Petroleum, Muhammad Asif, here for expansion and improvement of its gas distribution network.
The government on Monday dropped the strongest of hints so far that it might end tax immunity on capital earnings through stock exchanges from next fiscal year. Finance Minister Ishaq Dar told a Senate standing committee that continuing with exemptions wo
The government on Monday dropped the strongest of hints so far that it might end tax immunity on capital earnings through stock exchanges from next fiscal year. Finance Minister Ishaq Dar told a Senate standing committee that continuing with exemptions wo
The government on Monday dropped the strongest of hints so far that it might end tax immunity on capital earnings through stock exchanges from next fiscal year. Finance Minister Ishaq Dar told a Senate standing committee that continuing with exemptions wo
The government on Monday dropped the strongest of hints so far that it might end tax immunity on capital earnings through stock exchanges from next fiscal year. Finance Minister Ishaq Dar told a Senate standing committee that continuing with exemptions wo
The Securities and Exchanges Commission of Pakistan (SECP) is likely to waive listing fee of the stock exchanges for one year for companies under ''over-the-counter'' (OTC) market, official sources told Business Recorder here on Monday.
The Securities and Exchanges Commission of Pakistan (SECP) is likely to waive listing fee of the stock exchanges for one year for companies under 'over-the-counter' (OTC) market, official sources told Business Recorder here on Monday.
The Securities and Exchanges Commission of Pakistan (SECP) is likely to waive listing fee of the stock exchanges for one year for companies under 'over-the-counter' (OTC) market, official sources told Business Recorder here on Monday.
On Monday, the BRIndex30 opened in the positive zone, at 17,187.75, with an upward jump gap of 136.94 points and remained there for whole of the trading time. It closed at 17,126.12 with a net positive change of 75.31 points and percentage change of 0.44.
On Monday, the BRIndex30 opened in the positive zone, at 17,187.75, with an upward jump gap of 136.94 points and remained there for whole of the trading time. It closed at 17,126.12 with a net positive change of 75.31 points and percentage change of 0.44.
The Karachi share market started on a positive note and the KSE-100 index hit 15,589.32 intra-day high level on Monday. However, the index could not sustain that level due to profit taking at the fag end, pushing the index to close at 15,469.74 points lev
The Karachi share market started on a positive note and the KSE-100 index hit 15,589.32 intra-day high level on Monday. However, the index could not sustain that level due to profit taking at the fag end, pushing the index to close at 15,469.74 points lev
The Karachi share market started on a positive note and the KSE-100 index hit 15,589.32 intra-day high level on Monday. However, the index could not sustain that level due to profit taking at the fag end, pushing the index to close at 15,469.74 points lev
The reconstituted Economic Coordination Committee (ECC) of the Cabinet, whose first meeting will be held on Tuesday, April 8, may not allow sugar export as two ministries, Minfal and Industries, are doing to oppose the proposal by Pakistan Sugar Mills Ass
The reconstituted Economic Coordination Committee (ECC) of the Cabinet, whose first meeting will be held on Tuesday, April 8, may not allow sugar export as two ministries, Minfal and Industries, are doing to oppose the proposal by Pakistan Sugar Mills Ass
The reconstituted Economic Coordination Committee (ECC) of the Cabinet, whose first meeting will be held on Tuesday, April 8, may not allow sugar export as two ministries, Minfal and Industries, are doing to oppose the proposal by Pakistan Sugar Mills Ass
Sixty-two out of total 65 members of the Balochistan Assembly took oath on Monday. Speaker Jamal Shah Kakar administered the oath to the newly-elected members. The members took oath in three languages - Urdu, Pashto and Balochi. Six MPAs of Balochistan Na
Sixty-two out of total 65 members of the Balochistan Assembly took oath on Monday. Speaker Jamal Shah Kakar administered the oath to the newly-elected members. The members took oath in three languages - Urdu, Pashto and Balochi. Six MPAs of Balochistan Na
President of Pakistan Peoples Party, Sindh, and MPA from Khairpur, Syed Qaim Ali Shah, was on Monday unanimously elected leader of the house in a house, devoid of voice of dissent and charm of liveliness that opposition always brings to democratic institu
President of Pakistan Peoples Party, Sindh, and MPA from Khairpur, Syed Qaim Ali Shah, was on Monday unanimously elected leader of the house in a house, devoid of voice of dissent and charm of liveliness that opposition always brings to democratic institu
Federal Minister for Science and Technology Begum Tehmina Daultana vowed to upgrade the technical expertise of Pakistan Standards and Quality Control Authority (PSQCA) to help industry to face the challenges of TBT under WTO by enhancing in-house capacity
Bank of America Corp on Monday said it has created a new unit to make $5 million to $25 million secured loans to mid-sized businesses. The new unit will be called the Business Finance Division, and be part of Bank of America Business Capital, a unit of th
The National Clearing Company of Pakistan Limited (NCCPL) has announced that only those financiers and finances shall be eligible to participate in CFS Mk-II Market (w.e.f. April 7, 2008), who have completed all the formalities with the NCCPL.
The National Clearing Company of Pakistan Limited (NCCPL) has announced that only those financiers and finances shall be eligible to participate in CFS Mk-II Market (w.e.f. April 7, 2008), who have completed all the formalities with the NCCPL.
The National Clearing Company of Pakistan Limited (NCCPL) has announced that only those financiers and finances shall be eligible to participate in CFS Mk-II Market (w.e.f. April 7, 2008), who have completed all the formalities with the NCCPL.
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 National Clearing Company of Pakistan Limited (NCCPL) has announced that only those financiers and finances shall be eligible to participate in CFS Mk-II Market (w.e.f. April 7, 2008), who have completed all the formalities with the NCCPL.
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
Ukraine resumed wheat exports in March, selling abroad 136,900 tonnes and making the largest shipment so far this season under the terms of a quota of 200,000 tonnes, a top analyst said on Monday.
Thin trading was seen on the forward cottonseed oilcake market on Monday as several buyers were on the sidelines to see prices come down to the lowest levels, dealers said.
Steady trend was again seen on the cotton market on Monday as prices managed to retain the weekend level amid process of modest trading, some brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3300. Phutti prices in
Cocoa arrivals at ports in world top grower Ivory Coast reached 1,057,309 tonnes from October 1 to April 6, exporters estimated on Monday, compared with 912,828 tonnes in the same period of the previous season.
A few changes were seen on the grain market on Monday as most of the commodities held the weekend levels in process of trading except Irri-6 and Irri-9 which turned sharply higher, dealers said. On the cereal side, wheat shed Rs 10 to Rs 1700-1800, other
US Gulf CIF soyabean and corn barge basis values held mostly steady Monday with exporters seeking rail supplies due to high water causing problems moving barges at export elevators in New Orleans, traders said. Wheat values were mostly unchanged with litt
Spot basis bids for soyabeans and corn were steady to firm Monday as grain dealers tried to perk up farmers' interest in selling the last of their old-crop supplies. But country movement of both commodities was expected to be slow. Most growers were focus
Russian wheat exports to countries outside the CIS fell 9.8 percent year-on-year in the first two months of 2008 as a prohibitive export tariff became effective, customs data released on Monday showed. The 40 percent tariff aimed to beat down rising price
A flour mill in Abu Dhabi in the United Arab Emirates is tendering to buy about 25,000 tonnes of soft wheat, European traders said on Monday. Shipment was scheduled for May in a single consignment. Origin was optional but it was thought likely to come fro
Argentine 2007/08 wheat export commitments stood at 7.047 million tonnes by April 4, showing no movement for weeks, the Agriculture Secretariat said in its latest weekly report. The data corresponds to the wheat harvest that ended in January. Meanwhile, s
Indonesian palm oil prices rose on Monday, lifted by gains in Malaysia but some sellers retreated to the sidelines waiting to see if the gains would continue. The state marketing centre in Jakarta sold crude palm oil at 8,613 rupiah ($0.935) a kilogram, u
Tin exports from Indonesia's Bangka-Belitung islands fell marginally in March from a year ago but rose overall during the first quarter as more smelters received export permits, preliminary data showed on Monday. Tin exports slowed a year ago following a
China will approve more fuel ethanol plants using feedstocks other than grains, after suspending approval of such projects for more than a year on concerns over food supply and inflation. The National Development and Reform Commission has endorsed propose
Germany's winter wheat crop for harvesting in summer 2008 is expected to rise 13.9 percent on the year to 23.6 million tonnes, the association of German farming co-operatives said on Monday. The harvest of grains of all types is forecast to rise 13.2 perc
Indian sugar futures for May fell for the 10th straight session on Monday as a cool spell in parts of the country raised worries of weak demand from makers of cold beverages and ice-creams just as the supplies were increasing.
The Karachi Port handled 200,448 tonnes cargo including 132,882 tonnes import and 67,566 tonnes export cargo during last 48 hours ending at 0700 hours on Monday. The cargo comprised of 185,448 tonnes dry cargo including 109,757 tonnes general cargo; 23,68
On a map on ecologist Liu Wenjie's computer, the subtropical southern tip of China's Yunnan province is slowly turning from green to red. Rubber plantations shown in red on Liu's computer screen have supplanted nearly all the low-lying forest in the prefe
Kazakhstan may suspend grain exports altogether or introduces export duties to tame domestic inflation, the Central Asian nation's Prime Minister said on Monday. Kazakhstan, Central Asia's top grain producer which had set its sights on becoming the world'
Copper futures touched three-week highs in Shanghai on Monday, tracking a surge in London toward a record high on weakness in the US dollar after a poor employment report. The June copper contract, the most active on the Shanghai Futures Exchange, closed
Gold extended gains on Monday, driven by purchases from banks, investors and speculators after oil prices jumped and weak US payrolls data put pressure on the dollar. Silver tracked gold, while platimum extended gains on persistent worries about output in
Malaysian tin rose 0.5 percent on Monday, despite flat London Metal Exchange prices as rising European and Japanese demand lent support to the market, one dealer said.
Oil prices held firm above $106 a barrel on Monday, maintaining last week's late rebound after the dollar fell and a fire hit a US refinery. US light, sweet crude for May delivery rose 13 cents to $106.36 a barrel after having leapt $2.40 a barrel on Frid
Average Russian grain prices rose last week, but the rate of increase slowed and there was a decline in some parts of the country, analysts said. The price of cereals in the European part of the country was either stable or rose insignificantly, except fo
Vietnam has given priority to ensuring it has sufficient rice supplies for domestic consumption but has ample stocks for export, the official Vietnam News Agency quoted a government minister as saying on Monday.
Chicago Board of Trade soyabeans and wheat futures fell sharply in Asia on Monday on a technical correction after active fund-buying boosted prices. The front-month May CBOT corn futures contract, meanwhile, extended losses after falling in Chicago on Fri
Malaysian crude palm oil futures climbed 2.6 percent on Monday as investors bet on a rise in Indian demand after the world's second largest edible oils consumer scrapped import duties last week. But expectations of a build-up in supplies when Malaysia's p