State Bank of Pakistan Governor Dr Shamshad Akhtar on Monday said that the interbank and kerb market behaviour has not been in line with market fundamentals and reflects distortions created by trading and speculative practices which do creep in under the
The abolition of wealth tax and other tax concessions have caused a huge loss of Rs 300 billion to the exchequer, said Dr Hafiz A Pasha, former provincial minister and a former deputy chairman of the Planning Commission. Speaking at a launching ceremony o
The abolition of wealth tax and other tax concessions have caused a huge loss of Rs 300 billion to the exchequer, said Dr Hafiz A Pasha, former provincial minister and a former deputy chairman of the Planning Commission. Speaking at a launching ceremony o
The abolition of wealth tax and other tax concessions have caused a huge loss of Rs 300 billion to the exchequer, said Dr Hafiz A Pasha, former provincial minister and a former deputy chairman of the Planning Commission. Speaking at a launching ceremony o
The Supreme Court on Monday directed the print and electronic media not to publish any news or telecast such programmes or discussions, having derogatory remarks about judiciary, saying that the freedom of speech was subject to some restrictions.
The Supreme Court on Monday directed the print and electronic media not to publish any news or telecast such programmes or discussions, having derogatory remarks about judiciary, saying that the freedom of speech was subject to some restrictions.
Directives by the State Bank of Pakistan (SBP) to ward off speculative trade in the currency market, helped the rupee to minimise its losses versus the dollar, money experts said.
The United States on Monday said the issues of Supreme Court judges' restoration and political arrangements are matters for Pakistanis to decide and reaffirmed its resolve to work with the government.
Directives by the State Bank of Pakistan (SBP) to ward off speculative trade in the currency market, helped the rupee to minimise its losses versus the dollar, money experts said.
The United States on Monday said the issues of Supreme Court judges' restoration and political arrangements are matters for Pakistanis to decide and reaffirmed its resolve to work with the government.
Lieutenant General Martin E. Dempsey, Acting Commander US CENTCOM who is on a scheduled visit to Pakistan, visited General Headquarters and called on the Chief of Army Staff (COAS), General Ashfaq Parvez Kayani on Monday. The visiting dignitary remained w
Lieutenant General Martin E. Dempsey, Acting Commander US CENTCOM who is on a scheduled visit to Pakistan, visited General Headquarters and called on the Chief of Army Staff (COAS), General Ashfaq Parvez Kayani on Monday. The visiting dignitary remained w
Dubai police said on Monday they had seized 24 kilos (around 53 pounds) of heroin with a street value of 1.6 million dollars and broken up a drug network led by three Asians.
Dubai police said on Monday they had seized 24 kilos (around 53 pounds) of heroin with a street value of 1.6 million dollars and broken up a drug network led by three Asians.
J.P. Morgan Chase & Co Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the US economy could still face a deep and extended recession.
J.P. Morgan Chase & Co Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the US economy could still face a deep and extended recession.
J.P. Morgan Chase & Co Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the US economy could still face a deep and extended recession.
The business community has alleged that the Directorate-General of Customs Valuation, Karachi, has unilaterally issued valuation ruling on customs duty assessment on import of certain goods, without obtaining viewpoint of the concerned associations.
The business community has alleged that the Directorate-General of Customs Valuation, Karachi, has unilaterally issued valuation ruling on customs duty assessment on import of certain goods, without obtaining viewpoint of the concerned associations.
The business community has alleged that the Directorate-General of Customs Valuation, Karachi, has unilaterally issued valuation ruling on customs duty assessment on import of certain goods, without obtaining viewpoint of the concerned associations.
President Pervez Musharraf on Monday said the economic reforms in the country have created an enabling environment for foreign entrepreneurs. The President was talking to Naguib Sawiris, Orascom Chief here at the President''s Lodge.
President Pervez Musharraf on Monday said the economic reforms in the country have created an enabling environment for foreign entrepreneurs. The President was talking to Naguib Sawiris, Orascom Chief here at the President's Lodge.
President Pervez Musharraf on Monday said the economic reforms in the country have created an enabling environment for foreign entrepreneurs. The President was talking to Naguib Sawiris, Orascom Chief here at the President's Lodge.
The Rice Exporters Association of Pakistan (Reap) will provide over 13,000 tonnes of fine quality rice to Utility Stores Corporation (USC) in the current month to facilitate the domestic consumers throughout the country.
The Rice Exporters Association of Pakistan (Reap) will provide over 13,000 tonnes of fine quality rice to Utility Stores Corporation (USC) in the current month to facilitate the domestic consumers throughout the country.
The Rice Exporters Association of Pakistan (Reap) will provide over 13,000 tonnes of fine quality rice to Utility Stores Corporation (USC) in the current month to facilitate the domestic consumers throughout the country.
Chad closed its border with Sudan on Monday, its government said, ramping up tensions between the volatile neighbours after Khartoum accused Ndjamena of backing a rebel assault on the Sudanese capital.
Bulls were in command of the proceedings at Islamabad Stock Exchange (ISE) on Monday where fresh buying spree in hot favourite moved the entire ready board in upward direction amid increase in index. ISE-10 Index showed an increase of 29.20 points from 3,
Bulls were in command of the proceedings at Islamabad Stock Exchange (ISE) on Monday where fresh buying spree in hot favourite moved the entire ready board in upward direction amid increase in index. ISE-10 Index showed an increase of 29.20 points from 3,
Helped by the oversold position of the market, equity prices climbed upward on the Lahore Stock Exchange (LSE) on Monday to eventually close with a net gain of 61.64 points, or 1.40 percent. The LSE-25 Index surged to 4,453.63 points from previous 4,391.9
Helped by the oversold position of the market, equity prices climbed upward on the Lahore Stock Exchange (LSE) on Monday to eventually close with a net gain of 61.64 points, or 1.40 percent. The LSE-25 Index surged to 4,453.63 points from previous 4,391.9
Pakistan Peoples Party Co-chairman Asif Ali Zardari said on Monday that his party would become the iron wall in Punjab against any elements, which would try to destabilise the PML-N government. Talking in a private TV programme, he said that PPP and PML-N
Pakistan Peoples Party Co-chairman Asif Ali Zardari said on Monday that his party would become the iron wall in Punjab against any elements, which would try to destabilise the PML-N government. Talking in a private TV programme, he said that PPP and PML-N
In a Washington datelined article, the Christian Science Monitor says that recent events reflect increased dissension between the US and Pakistan since the new government took over in Islamabad earlier this year. According to the publication, Pakistan has
In a Washington datelined article, the Christian Science Monitor says that recent events reflect increased dissension between the US and Pakistan since the new government took over in Islamabad earlier this year. According to the publication, Pakistan has
Pakistan faces worst food inflation with an increase of 25.50 per cent in the prices of staple food and beverages during April over the same period last year, ringing alarm bells for the government and increasing miseries of the masses.
Pakistan faces worst food inflation with an increase of 25.50 per cent in the prices of staple food and beverages during April over the same period last year, ringing alarm bells for the government and increasing miseries of the masses.
Pakistan faces worst food inflation with an increase of 25.50 per cent in the prices of staple food and beverages during April over the same period last year, ringing alarm bells for the government and increasing miseries of the masses.
A earthquake devastated south-western China on Monday, killing close to 9,000 people and trapping hundreds of others under flattened schools, factories and houses. The 7.8 magnitude quake, centred in Sichuan province, struck in the middle of the school da
A earthquake devastated south-western China on Monday, killing close to 9,000 people and trapping hundreds of others under flattened schools, factories and houses. The 7.8 magnitude quake, centred in Sichuan province, struck in the middle of the school da
Pakistan People's Party co-chairman Asif Zardari on Monday said that the name of new finance minister will be announced on Tuesday, a private TV channel reported. However, Asif Zardari did not reveal the name of the new finance minister.
Pakistan People's Party co-chairman Asif Zardari on Monday said that the name of new finance minister will be announced on Tuesday, a private TV channel reported. However, Asif Zardari did not reveal the name of the new finance minister.
Hinting at imposition of capital gains tax (CGT) on capital market transactions, increase in capital value tax (CVT) on real estate, and increase in income tax for higher income groups Finance Minister Ishaq Dar has warned currency speculators to stop pla
Hinting at imposition of capital gains tax (CGT) on capital market transactions, increase in capital value tax (CVT) on real estate, and increase in income tax for higher income groups Finance Minister Ishaq Dar has warned currency speculators to stop pla
Hinting at imposition of capital gains tax (CGT) on capital market transactions, increase in capital value tax (CVT) on real estate, and increase in income tax for higher income groups Finance Minister Ishaq Dar has warned currency speculators to stop pla
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 PML-N on Monday formally announced that it had decided to quit the Federal Cabinet as the dialogue to reinstate judges could not materialise. The eight federal ministers belonging to PML-N will submit their resignations to Prime Minister Yousuf Raza G
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 PML-N on Monday formally announced that it had decided to quit the Federal Cabinet as the dialogue to reinstate judges could not materialise. The eight federal ministers belonging to PML-N will submit their resignations to Prime Minister Yousuf Raza G
The government has decided to import one million tonnes wheat in addition to 1.5 million tonnes previously approved by the Economic Co-ordination Committee (ECC), to build the strategic reserves for meeting country''s future needs.
The government has decided to import one million tonnes wheat in addition to 1.5 million tonnes previously approved by the Economic Co-ordination Committee (ECC), to build the strategic reserves for meeting country's future needs.
Asian gasoil cracks hit a fresh record high on Monday, as concerns over tightening supply flows swelled, as global demand showed no signs of cooling off despite high outright prices. Gasoil's June crack widened to $37, jumping nearly $4 from Friday's clos
The government has decided to import one million tonnes wheat in addition to 1.5 million tonnes previously approved by the Economic Co-ordination Committee (ECC), to build the strategic reserves for meeting country's future needs.
Malaysia announced on Monday measures to ensure an adequate supply of rice in a bid to slow soaring prices of the food staple. Prime Minister Abdullah Ahmad Badawi imposed controls on prices for higher grades of the grain and raised the minimum guaranteed
Shanghai copper futures fell 1.3 percent on Monday, following declines in London in the previous session, and more weakness was expected after steep increases in inventories last week. The July copper contract, the most active on the Shanghai Futures Exch
Gold fell on Monday, erasing gains as the dollar recovered against major currencies after a sell-off late last week, while crude oil slipped slightly from record peaks above $126 a barrel. Spot gold traded at $884.30/885.30 an ounce after rising as high a
Australia could boost crop yields by up to 10 percent by producing commercial genetically modified canola, wheat, rice and maize, the government's Australian Bureau of Agricultural and Resource Economics (ABARE) said on Monday.