The European Commission stepped up its battle to force open Europe's power markets on Thursday by announcing new antitrust proceedings against state-controlled Gaz de France. "The Commission proceedings focus on behaviour which may prevent or reduce compe
Bears commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease of 40.07 points, as it moved from 3,105.49 to 3,065.4
Bears commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease of 40.07 points, as it moved from 3,105.49 to 3,065.4
Equities have failed to sustain last Wednesday's upsurge and plunged on the increase in interest rate and Moody's move to downgrade Pakistan's bond rating, bringing the market 2.46 percent down on Thursday. The LSE-25 Index fell to 4,262.85 points from pa
Equities have failed to sustain last Wednesday's upsurge and plunged on the increase in interest rate and Moody's move to downgrade Pakistan's bond rating, bringing the market 2.46 percent down on Thursday. The LSE-25 Index fell to 4,262.85 points from pa
Recognising the prevailing macroeconomic imbalances, the State Bank of Pakistan has announced a series of concrete adjustment measures to curb imports and drain off a portion of the excessive liquidity from the system with a view to countering the weakeni
Recognising the prevailing macroeconomic imbalances, the State Bank of Pakistan has announced a series of concrete adjustment measures to curb imports and drain off a portion of the excessive liquidity from the system with a view to countering the weakeni
Recognising the prevailing macroeconomic imbalances, the State Bank of Pakistan has announced a series of concrete adjustment measures to curb imports and drain off a portion of the excessive liquidity from the system with a view to countering the weakeni
The State Bank on Thursday advised the government to amend the Fiscal Responsibility and Debt Limitation Act, 2005 to incorporate appropriate provisions to restrict the debt monetization. State Bank Governor Dr Shamshad Akhtar expressed serious concern ov
The State Bank on Thursday advised the government to amend the Fiscal Responsibility and Debt Limitation Act, 2005 to incorporate appropriate provisions to restrict the debt monetization. State Bank Governor Dr Shamshad Akhtar expressed serious concern ov
As a result of the preventive measures taken by the State Bank of Pakistan (SBP), the rupee was able to resist fresh losses in it's value against dollar in the interbank market. Inching up with a little gain of five at 69.40 and 69.50 paisa for buying and
The State Bank on Thursday advised the government to amend the Fiscal Responsibility and Debt Limitation Act, 2005 to incorporate appropriate provisions to restrict the debt monetization. State Bank Governor Dr Shamshad Akhtar expressed serious concern ov
As a result of the preventive measures taken by the State Bank of Pakistan (SBP), the rupee was able to resist fresh losses in it's value against dollar in the interbank market. Inching up with a little gain of five at 69.40 and 69.50 paisa for buying and
The Federal Board of Revenue (FBR) has exempted sales tax on the local supply of packaged edible fruits whether fresh, frozen or otherwise preserved and packaged edible vegetables, including roots and tubers. According to an SRO. 471(I)/2008 issued on Thu
Meezan Bank Limited was incorporated on January 27, 1997 as a public limited company. It started its operations as an investment bank in August of the same year. In January 2002, the bank was granted nation's first full-fledged commercial banking licence
The Federal Board of Revenue (FBR) has exempted sales tax on the local supply of packaged edible fruits whether fresh, frozen or otherwise preserved and packaged edible vegetables, including roots and tubers. According to an SRO. 471(I)/2008 issued on Thu
Meezan Bank Limited was incorporated on January 27, 1997 as a public limited company. It started its operations as an investment bank in August of the same year. In January 2002, the bank was granted nation's first full-fledged commercial banking licence
The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
The State Bank of Pakistan has imposed a 35 percent Letter of Credit (L/C) margin on all imports except for oil and some selected food imports effective from Friday (today) with a view to reducing the increasing trade deficit.
The State Bank of Pakistan has imposed a 35 percent Letter of Credit (L/C) margin on all imports except for oil and some selected food imports effective from Friday (today) with a view to reducing the increasing trade deficit.
The State Bank of Pakistan has imposed a 35 percent Letter of Credit (L/C) margin on all imports except for oil and some selected food imports effective from Friday (today) with a view to reducing the increasing trade deficit.
On Thursday, BRIndex30 opened in the positive zone at 15,299.38 with an upward gap of 38.61 points. It closed at 14,741.37 with a net negative change of -519.4 points or -3.40 percent. It experienced intra-day high of 15,318.56 and intra-day low of 14,679
On Thursday, BRIndex30 opened in the positive zone at 15,299.38 with an upward gap of 38.61 points. It closed at 14,741.37 with a net negative change of -519.4 points or -3.40 percent. It experienced intra-day high of 15,318.56 and intra-day low of 14,679
The Karachi share market witnessed panic-selling on Thursday due to downgrading foreign debt rating on four Pakistani banks and investors'' concern over imposition of capital gain tax, sagging rupee value and the news on the expected increase in discount
The Karachi share market witnessed panic-selling on Thursday due to downgrading foreign debt rating on four Pakistani banks and investors' concern over imposition of capital gain tax, sagging rupee value and the news on the expected increase in discount r
The Karachi share market witnessed panic-selling on Thursday due to downgrading foreign debt rating on four Pakistani banks and investors' concern over imposition of capital gain tax, sagging rupee value and the news on the expected increase in discount r
The Securities and Exchange Commission of Pakistan has completed the spadework on the budget proposal for imposition of capital gains tax (CGT) on stock exchanges with the aim to generate maximum revenue.
The ongoing depreciation of Pak rupee has added about Rs 315 billion to public debt without borrowing a single penny. The debt could go further up if efforts were not made to stabilise the currency, it has been reliably learnt on Thursday.
The ongoing depreciation of Pak rupee has added about Rs 315 billion to public debt without borrowing a single penny. The debt could go further up if efforts were not made to stabilise the currency, it has been reliably learnt on Thursday.
The ongoing depreciation of Pak rupee has added about Rs 315 billion to public debt without borrowing a single penny. The debt could go further up if efforts were not made to stabilise the currency, it has been reliably learnt on Thursday.
State Bank of Pakistan Governor Dr Shamshad Akhtar has said that developing events on international and domestic front have enhanced the economic stress worldwide as well as Pakistan and the country''s macroeconomic outcome for current fiscal year has dev
State Bank of Pakistan Governor Dr Shamshad Akhtar has said that developing events on international and domestic front have enhanced the economic stress worldwide as well as Pakistan and the country's macroeconomic outcome for current fiscal year has devi
State Bank of Pakistan Governor Dr Shamshad Akhtar has said that developing events on international and domestic front have enhanced the economic stress worldwide as well as Pakistan and the country's macroeconomic outcome for current fiscal year has devi
The State Bank on Thursday instructed banks to pay a minimum profit of 5 percent on savings, profit and loss saving products. The central bank''s step is aimed at encouraging people to save more and cut their spending. The SBP increased its key discount r
The State Bank on Thursday instructed banks to pay a minimum profit of 5 percent on savings, profit and loss saving products. The central bank's step is aimed at encouraging people to save more and cut their spending. The SBP increased its key discount ra
The State Bank on Thursday instructed banks to pay a minimum profit of 5 percent on savings, profit and loss saving products. The central bank's step is aimed at encouraging people to save more and cut their spending. The SBP increased its key discount ra
Two different delegates of Karachi based business leaders will meet Federal Minister for Finance Syed Naveed Qamar in Islamabad on Friday and discuss forthcoming federal budget 2008-09 and crises faced by textile and denim sectors.
President Pervez Musharraf is likely to express his reservations and discuss political and economic situation of the country with the Prime Minister in a meeting, which will be held soon, a private channel reported.
Prime Minister Syed Yousuf Raza Gilani on Thursday agreed to allow the export of 50,000 metric tons of wheat to Afghanistan In a telephonic call from Afghan President Hamid Karzai, the Prime Minister approved export of wheat to Afghanistan as a special ge
Prime Minister Syed Yousuf Raza Gilani on Thursday agreed to allow the export of 50,000 metric tons of wheat to Afghanistan In a telephonic call from Afghan President Hamid Karzai, the Prime Minister approved export of wheat to Afghanistan as a special ge
Prime Minister Syed Yousuf Raza Gilani on Thursday agreed to allow the export of 50,000 metric tons of wheat to Afghanistan In a telephonic call from Afghan President Hamid Karzai, the Prime Minister approved export of wheat to Afghanistan as a special ge
Horrifying financial constraints and unbridled inflationary pressures have forced economic managers to cut budgeted Public Sector Development Programme (PSDP) for the next fiscal as they plan to reduce its size to Rs 437 billion as compared to Rs 485 bill
Horrifying financial constraints and unbridled inflationary pressures have forced economic managers to cut budgeted Public Sector Development Programme (PSDP) for the next fiscal as they plan to reduce its size to Rs 437 billion as compared to Rs 485 bill
Horrifying financial constraints and unbridled inflationary pressures have forced economic managers to cut budgeted Public Sector Development Programme (PSDP) for the next fiscal as they plan to reduce its size to Rs 437 billion as compared to Rs 485 bill
Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering US dollar dampened commodities markets. US crude settled down $2.36 at $130.81 a barrel after jumping earlier in th
Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering US dollar dampened commodities markets. US crude settled down $2.36 at $130.81 a barrel after jumping earlier in th
Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering US dollar dampened commodities markets. US crude settled down $2.36 at $130.81 a barrel after jumping earlier in th