New Delhi has positively responded to Pakistan's call to rejoin the tripartite, India-Pakistan-Iran (IPI) gas line project, confirming participation of its Oil minister in ministerial meeting, scheduled for April 23 in Islamabad.
The Punjab government on Thursday terminated re-employment of retired officers and officials from civil, army and police in all autonomous bodies, attached departments and field units with immediate effect.
The Punjab government on Thursday terminated re-employment of retired officers and officials from civil, army and police in all autonomous bodies, attached departments and field units with immediate effect.
The total liquid foreign reserves on April 5, stood at 13,133.5 million dollars. According to State Bank of Pakistan, foreign reserves, held by the SBP, were 10,990.7 million dollars, while net foreign reserves, held by banks other than SBP, were 2,142.8
The total liquid foreign reserves on April 5, stood at 13,133.5 million dollars. According to State Bank of Pakistan, foreign reserves, held by the SBP, were 10,990.7 million dollars, while net foreign reserves, held by banks other than SBP, were 2,142.8
The total liquid foreign reserves on April 5, stood at 13,133.5 million dollars. According to State Bank of Pakistan, foreign reserves, held by the SBP, were 10,990.7 million dollars, while net foreign reserves, held by banks other than SBP, were 2,142.8
Index compiler FTSE said on Thursday the prospects were better for Pakistan, rated "secondary emerging," but flagged last year as in danger of dropping out of the FTSE Global Index Series altogether.
Index compiler FTSE said on Thursday the prospects were better for Pakistan, rated "secondary emerging," but flagged last year as in danger of dropping out of the FTSE Global Index Series altogether.
Index compiler FTSE said on Thursday the prospects were better for Pakistan, rated "secondary emerging," but flagged last year as in danger of dropping out of the FTSE Global Index Series altogether.
Ten persons including eight women died and 22 others injured in a head-on collision between a bus and a dumper-truck here on Thursday. As per details, an extended family of Korangi, Karachi, was going to visit Shah Yaqeeq shrine in a bus (JB587) when it c
The visit of President Pervez Musharraf to China is part of high level interaction to review the entire gambit of bilateral relations with main thrust on economic and defence cooperation, said foreign office spokesman Mohammad Sadiq in reply to a question
The surge in global food prices has impacted developing countries in different ways, depending on whether they are net importers or exporters of food, but the trend has increased poverty across the board, World Bank economists found in a new study.
The surge in global food prices has impacted developing countries in different ways, depending on whether they are net importers or exporters of food, but the trend has increased poverty across the board, World Bank economists found in a new study.
The surge in global food prices has impacted developing countries in different ways, depending on whether they are net importers or exporters of food, but the trend has increased poverty across the board, World Bank economists found in a new study.
Government deployed paramilitary troops and police in Karachi on Thursday, a day after violence. Authorities warned of "extreme action" to prevent further bloodshed in the wake of the worst violence to hit the country since a new government won elections
Indonesia''s anti-graft agency detained outgoing central bank governor Burhanuddin Abdullah over a graft case on Thursday, the agency said, the latest twist in a high-profile case that has hit morale at the battered bank.
Indonesia's anti-graft agency detained outgoing central bank governor Burhanuddin Abdullah over a graft case on Thursday, the agency said, the latest twist in a high-profile case that has hit morale at the battered bank.
Indonesia's anti-graft agency detained outgoing central bank governor Burhanuddin Abdullah over a graft case on Thursday, the agency said, the latest twist in a high-profile case that has hit morale at the battered bank.
The European Commission on Thursday announced a new 12-million euro (19-million dollar) humanitarian aid package for victims of last year's devastating cyclone in Bangladesh.
Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings amid decrease in index. ISE-10 Index was down by 13.33 points, as it moved from 3,269.19 to 3,255.86 points. The overall turnover stood a
Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings amid decrease in index. ISE-10 Index was down by 13.33 points, as it moved from 3,269.19 to 3,255.86 points. The overall turnover stood a
Share prices have undergone pressure and received more losses following a string of rumours about a possible decision by the government to levy capital gain tax on stock business. Selling pressure gripped the market and it mostly remained in the negative
Share prices have undergone pressure and received more losses following a string of rumours about a possible decision by the government to levy capital gain tax on stock business. Selling pressure gripped the market and it mostly remained in the negative
A gas explosion left eight people dead and 20 others injured in a scrap metal godown in Misri Shah on Thursday. The dead were identified as Muhammad Saleem, Rashid, Abdul Gafoor, Awais, Khalil and godown owner Raja Amir. The bodies of two others are beyon
A gas explosion left eight people dead and 20 others injured in a scrap metal godown in Misri Shah on Thursday. The dead were identified as Muhammad Saleem, Rashid, Abdul Gafoor, Awais, Khalil and godown owner Raja Amir. The bodies of two others are beyon
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended to the Federal Bureau of Revenue (FBR) to tax the income that is derived from transactions.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended to the Federal Bureau of Revenue (FBR) to tax the income that is derived from transactions.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended to the Federal Bureau of Revenue (FBR) to tax the income that is derived from transactions.
The Asian Development Bank (ADB) has proposed to the government a further increase in electricity tariff, for using it as an energy conservation tool, besides generating additional revenue. The current tariff structure for domestic consumers consists of m
The Asian Development Bank (ADB) has proposed to the government a further increase in electricity tariff, for using it as an energy conservation tool, besides generating additional revenue. The current tariff structure for domestic consumers consists of m
The Asian Development Bank (ADB) has proposed to the government a further increase in electricity tariff, for using it as an energy conservation tool, besides generating additional revenue. The current tariff structure for domestic consumers consists of m
The government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
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 government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
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 government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
The government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
The Federal Board of Revenue (FBR) has decided to impose penalty on the non-filers of "invoice summary statement" on supplies and purchases made by the sales tax registered importers and local suppliers.
Self-reliance is a great virtue and sustains individuals through major trials and tribulations. Nations too, who depend on themselves can achieve greatness. China is a living example of this axiom. We in Pakistan have landed ourselves in such dire straits
Self-reliance is a great virtue and sustains individuals through major trials and tribulations. Nations too, who depend on themselves can achieve greatness. China is a living example of this axiom. We in Pakistan have landed ourselves in such dire straits
The Karachi Port handled 53,199 tonnes cargo including 22,831 tonnes import, 30,368 tonnes export cargo and 3,623 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 52,199 tonnes dry cargo including 39,430 tonn
Two members of the Federal Board of Revenue (FBR) are still working on key reform position and revenue forecasting without getting extension in their contracts since February 28, 2008.
The International Coffee Organisation (ICO) sees global coffee demand exceeding 125 million 60-kg bags in 2008, up from around 123 million in 2007. "For 2007 world consumption has been estimated at around 123 million bags," according to the latest monthly
Two members of the Federal Board of Revenue (FBR) are still working on key reform position and revenue forecasting without getting extension in their contracts since February 28, 2008.
US FOB Gulf soyabean offers were steady to higher on Wednesday due to some export demand and slow grain movement limiting new sales to May shipment and beyond, traders said. Corn basis offers were steady to lower, pressured by corn futures at the Chicago
Two members of the Federal Board of Revenue (FBR) are still working on key reform position and revenue forecasting without getting extension in their contracts since February 28, 2008.
On Thursday, opened at 16,963.02. It closed at 16,799.09 with a net negative change of -155.29 points and percentage change of -0.92. It recorded intra-day high of 17,010.39 and intra-day low of 16,588.45. The volume amounted to 230,126,200, which was 75.
Upward trend persisted on the grain market on Thursday as rice and wheat prices failed to resist further rise, dealers said. On the rice sector, Irri-9 Punjab gained Rs 300 to Rs 4400-4500, Basmati/D-98 Shahadadkot followed suit and gained Rs 200 to Rs 50
On Thursday, opened at 16,963.02. It closed at 16,799.09 with a net negative change of -155.29 points and percentage change of -0.92. It recorded intra-day high of 17,010.39 and intra-day low of 16,588.45. The volume amounted to 230,126,200, which was 75.
Spot basis bids for corn were mostly steady to weak on Wednesday while interior soyabean bids held steady around the US Midwest, grain dealers said. Farmers booked light sales of both commodities after a futures market rally pushed cash prices higher. Cor
The Karachi share market witnessed heavy selling pressure on Thursday due to uncertainty on political front and law and order situation and the KSE-100 index hit 15,178.67 points intra-day low level down by 225.50 points.
US wheat futures closed mixed in choppy trade on Wednesday, with Chicago Board of Trade soft red winter wheat losing ground to the hard wheat markets in Kansas City and Minneapolis, traders said. The US Department of Agriculture's April supply/demand repo
The Karachi share market witnessed heavy selling pressure on Thursday due to uncertainty on political front and law and order situation and the KSE-100 index hit 15,178.67 points intra-day low level down by 225.50 points.
Canadian canola futures rallied on Wednesday after US soya spiked up its daily limit on concerns Argentine farmers could again strike and as crude oil futures hit a record high, traders said. "We're just along for the ride, here," a trader said.
The Karachi share market witnessed heavy selling pressure on Thursday due to uncertainty on political front and law and order situation and the KSE-100 index hit 15,178.67 points intra-day low level down by 225.50 points.
Dullness prevailed on the forward cottonseed oilcake market as buyers remained on the sidelines due to lack of buying interest, dealers said. The May vaida opened at Rs 773.00 and closed with rupee one loss at 772.00 without show any gain for the day's be
The finance ministry has directed the cash-strapped national flag carrier, the Pakistan International Airlines (PIA), to prepare three alternative business plans to pull it out of the present financial constraints, official sources told Business Record
Rising demand by the mills pushed the official spot rate higher on the cotton market on Thursday, some brokers said. The Karachi Cotton Association (KCA) official spot rate, after maintaining a stable trend for nearly three-four weeks, raised by Rs 25 to
The finance ministry has directed the cash-strapped national flag carrier, the Pakistan International Airlines (PIA), to prepare three alternative business plans to pull it out of the present financial constraints, official sources told Business Record
With dwindling stocks of unsold cotton from the current crop (2007-08) remaining in the hands of the ginners now getting lower, cotton prices, particularly for the better quality of lint, crawled upward this week.
The finance ministry has directed the cash-strapped national flag carrier, the Pakistan International Airlines (PIA), to prepare three alternative business plans to pull it out of the present financial constraints, official sources told Business Record
With dwindling stocks of unsold cotton from the current crop (2007-08) remaining in the hands of the ginners now getting lower, cotton prices, particularly for the better quality of lint, crawled upward this week.
The CFS financing shall be provided by Banks/DFIs only against Continuous Funding System (CFS) approved securities through National Clearing Company of Pakistan Limited (NCCPL) only.