Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Federal Minister for Water and Power Raja Pervez Ashraf on Tuesday said that all necessary measures would be taken to provide fiscal relief to farmers to boost agriculture productivity. In a meeting with parliamentarians from Punjab, the minister said tha
Federal Minister for Water and Power Raja Pervez Ashraf on Tuesday said that all necessary measures would be taken to provide fiscal relief to farmers to boost agriculture productivity. In a meeting with parliamentarians from Punjab, the minister said tha
Federal Minister for Water and Power Raja Pervez Ashraf on Tuesday said that all necessary measures would be taken to provide fiscal relief to farmers to boost agriculture productivity. In a meeting with parliamentarians from Punjab, the minister said tha
The US Assistant Secretary of State for South Asia, Richard Boucher, will visit Pakistan at the end of the current month to lessen the tension between Pakistan and Afghanistan, sources said Wednesday. Sources said the Mr Boucher would to exchange views wi
The US Assistant Secretary of State for South Asia, Richard Boucher, will visit Pakistan at the end of the current month to lessen the tension between Pakistan and Afghanistan, sources said Wednesday. Sources said the Mr Boucher would to exchange views wi
The National Accountability Bureau (NAB) on Wednesday arrested five ex-senior officials of the Bank of Punjab (BoP) for allegedly giving Rs 9 billion worth of loan against exaggerated evaluation of collateral.
The National Accountability Bureau (NAB) on Wednesday arrested five ex-senior officials of the Bank of Punjab (BoP) for allegedly giving Rs 9 billion worth of loan against exaggerated evaluation of collateral.
The National Accountability Bureau (NAB) on Wednesday arrested five ex-senior officials of the Bank of Punjab (BoP) for allegedly giving Rs 9 billion worth of loan against exaggerated evaluation of collateral.
China has no plans to try and dominate the shipping lanes of the Indian Ocean, its ambassador to India said in Hong Kong Wednesday. "We don't have such an intention to establish a chain to encircle India," said ambassador Zhang Yan at a lunch held by the
China's deep pool of labour, a key driver of its headlong economic growth, is drying up, a labour expert said on Wednesday. The sea-change means companies will have to pay more to attract employees in coming decades, said Cai Fang from the Chinese Academy
French drugmaker Sanofi-Aventis plans to make a 40.04 billion crown ($2.57 billion) offer for Czech drugmaker Zentiva, trumping a bid from financial group PPF. The move would take Sanofi deeper into the field of generic drug production, an area which has
North Korea's already devastated economy shrank by 2.3 percent in 2007 due to widespread flooding that cut the impoverished state's farm production by nearly one tenth, South Korea's central bank said in a report on Wednesday.
Norway's $400 billion sovereign wealth fund is unlikely to rule out investing in countries that abuse human rights unless such sanctions are adopted as foreign policy, the Norwegian finance minister said on Wednesday. So far the Norwegian government and i
Equities failed to show healthy signs at the Islamabad Stock Exchange (ISE) on Wednesday where bears took control under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 61.77 points from 2,879.35 to 2,818.18 points.
Equities failed to show healthy signs at the Islamabad Stock Exchange (ISE) on Wednesday where bears took control under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 61.77 points from 2,879.35 to 2,818.18 points.
Share prices drifted lower on the Lahore Stock Exchange, losing 2.7 percent since investors lacked confidence following political uncertainty and mounting tension on Pak-Afghan border. The LSE-25 Index fell by 106.96 points to reach 3,826.58 points from 3
Share prices drifted lower on the Lahore Stock Exchange, losing 2.7 percent since investors lacked confidence following political uncertainty and mounting tension on Pak-Afghan border. The LSE-25 Index fell by 106.96 points to reach 3,826.58 points from 3
The BRIndex30 registered a negative change of -448.77 or -3.35 percent on Wednesday, closing at 12,938.25. It recorded intra-day high of 13,402.27 and low of 12,925.56. The volume amounted to 76,880,000, which was 64.08 percent of the total market and 76.
The BRIndex30 registered a negative change of -448.77 or -3.35 percent on Wednesday, closing at 12,938.25. It recorded intra-day high of 13,402.27 and low of 12,925.56. The volume amounted to 76,880,000, which was 64.08 percent of the total market and 76.
Selling pressure continued at the Karachi share market on Wednesday due to declining oil prices in the international market, and the KSE-100 index lost another 236.79 points to close at 12,261.07 points level. The KSE-30 index declined by 412.77 points an
Selling pressure continued at the Karachi share market on Wednesday due to declining oil prices in the international market, and the KSE-100 index lost another 236.79 points to close at 12,261.07 points level. The KSE-30 index declined by 412.77 points an
Selling pressure continued at the Karachi share market on Wednesday due to declining oil prices in the international market, and the KSE-100 index lost another 236.79 points to close at 12,261.07 points level. The KSE-30 index declined by 412.77 points an
The World Bank has approved $256.85 million credit and loan for Pakistan, designed to improve reliability and efficiency of power supply through a comprehensive project. The Electricity Distribution and Transmission Improvement Project aims to improve dis
The World Bank has approved $256.85 million credit and loan for Pakistan, designed to improve reliability and efficiency of power supply through a comprehensive project. The Electricity Distribution and Transmission Improvement Project aims to improve dis
The World Bank has approved $256.85 million credit and loan for Pakistan, designed to improve reliability and efficiency of power supply through a comprehensive project. The Electricity Distribution and Transmission Improvement Project aims to improve dis
The World Bank has advised Pakistan to carry out economic reforms and make quick adjustments to steer clear of economic crisis. According to the bank sources, the new government should watch its steps on way to economic stability. The WB further advised t
The World Bank has advised Pakistan to carry out economic reforms and make quick adjustments to steer clear of economic crisis. According to the bank sources, the new government should watch its steps on way to economic stability. The WB further advised t
The World Bank has advised Pakistan to carry out economic reforms and make quick adjustments to steer clear of economic crisis. According to the bank sources, the new government should watch its steps on way to economic stability. The WB further advised t
Prime Minister Syed Yousuf Raza Gilani on Wednesday said Pakistan will extend all possible help to establish the first-ever Chinese overseas economic zone in the country, which will be yet another landmark in the all-weather friendship between the two cou
Prime Minister Syed Yousuf Raza Gilani on Wednesday said Pakistan will extend all possible help to establish the first-ever Chinese overseas economic zone in the country, which will be yet another landmark in the all-weather friendship between the two cou
Prime Minister Syed Yousuf Raza Gilani on Wednesday said Pakistan will extend all possible help to establish the first-ever Chinese overseas economic zone in the country, which will be yet another landmark in the all-weather friendship between the two cou
The finance ministry has revised privatisation revenue target, cutting it by 98 percent to Rs 1.6 billion for FY08 mainly due to slow process in the wake of domestic and external shocks on political and financial fronts.
The finance ministry has revised privatisation revenue target, cutting it by 98 percent to Rs 1.6 billion for FY08 mainly due to slow process in the wake of domestic and external shocks on political and financial fronts.
The finance ministry has revised privatisation revenue target, cutting it by 98 percent to Rs 1.6 billion for FY08 mainly due to slow process in the wake of domestic and external shocks on political and financial fronts.
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 Economic Co-ordination Committee (ECC) of the Cabinet is likely to refer the case of the ''missing one million tons of fertiliser'' to National Accountability Bureau (NAB). The fertiliser had been imported by a public-private body, backed by Minfal at
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 Economic Co-ordination Committee (ECC) of the Cabinet is likely to refer the case of the 'missing one million tons of fertiliser' to National Accountability Bureau (NAB). The fertiliser had been imported by a public-private body, backed by Minfal at a
The Economic Co-ordination Committee (ECC) of the Cabinet is likely to refer the case of the 'missing one million tons of fertiliser' to National Accountability Bureau (NAB). The fertiliser had been imported by a public-private body, backed by Minfal at a
The Private Power Infrastructure Board (PPIB) has accused China National Machinery Import and Export Corporation (CMC) of exerting undue pressure to seek extension in a feasibility study deadline for 250 mw coal-based project to be set up in Sonda Jherruk
The Private Power Infrastructure Board (PPIB) has accused China National Machinery Import and Export Corporation (CMC) of exerting undue pressure to seek extension in a feasibility study deadline for 250 mw coal-based project to be set up in Sonda Jherruk
The Private Power Infrastructure Board (PPIB) has accused China National Machinery Import and Export Corporation (CMC) of exerting undue pressure to seek extension in a feasibility study deadline for 250 mw coal-based project to be set up in Sonda Jherruk
Negotiations between the Pakistan People's Party and the Pakistan Muslim League-Nawaz (PML-N) on the issues of judges and a motion to impeach President Pervez Musharraf have stalled though both parties have signalled to keep the alliance between the two i
Kenya tea prices gained at this week's auction on reduced supply from India due to a strike in the Darjeeling region that has badly hit the tea industry, traders said on Wednesday. Mombasa based Africa Te Brokers (ATB) said some 199,487 packages were offe
Negotiations between the Pakistan People's Party and the Pakistan Muslim League-Nawaz (PML-N) on the issues of judges and a motion to impeach President Pervez Musharraf have stalled though both parties have signalled to keep the alliance between the two i
Tokyo rubber futures slipped more than 1 percent on Wednesday as crude oil prices fell another notch, although prices were supported by demand from China, the world's top consumer, as well as from tyre makers. The key Tokyo Commodity Exchange rubber contr
President Pervez Musharraf said on Wednesday that the strong economic fundamentals of country "have created an enabling environment" for the private sector to become the engine of growth and as a result of this as well as due to its liberal and investment
Indian sugar futures dropped on Wednesday afternoon as millers began selling on worries monsoon rains would affect the quality of their stockpile. At 3:18 pm (0948 GMT), the June contract on the National Commodity and Derivatives Exchange was down 1.33 pe
The US-led coalition in Afghanistan said on Wednesday that four US helicopter engines worth more than 13 million dollars had gone missing while being transported by a Pakistani truck company.
Raw sugar futures sprang to a firm close on Tuesday on investor buying, and brokers said the market seems poised to grind higher now that the recent weakness of the sweetener is over. "Sugar seems to have made a bottom for whatever reason and wants to mov
The Senate standing committee on Petroleum passed a unanimous resolution on Wednesday for scraping of deemed and customs duty on petroleum products to ease pressure on their prices. The resolution will be presented to the National Assembly for debate on J
Chicago Board of Trade grains and soy complex at 12:24 pm CDT (1724 GMT) Tuesday. Soyabean: July up 18 cents at $15.52 per bushel, new-crop November up 23 cents at $15.46. Rallied on concerns about US Midwest flooding. Soybeans also gain against corn, cat
The Senate standing committee on Petroleum passed a unanimous resolution on Wednesday for scraping of deemed and customs duty on petroleum products to ease pressure on their prices. The resolution will be presented to the National Assembly for debate on J