Saudi Arabia's ambassador to Pakistan denied an al Qaeda claim that a suicide attacker who bombed the Danish embassy in Islamabad last month was a Saudi, in comments published on Wednesday. "No Saudi was involved in the terrorist attack against the Danish
Pakistan's Ambassador to the United Nations, Munir Akram, on Wednesday described as an "exaggeration" a media report claiming that UN investigation into the assassination of former prime minister Benazir Bhutto would cost over $100 million.
Pakistan Foreign Minister Shah Mahmood Qureshi arrived here on Wednesday at the start of his three-day official visit to the United Kingdom at the invitation of his British counterpart David Miliband. The Foreign Minister who arrived by a regular PIA flig
The First Women Bank Limited (FWBL) generated the operational profits of Rs 238 million in the year 2007. During the year, the Bank showed the record growth in all financial key components. The total advances portfolio reached the highest position of Rs 3
The First Women Bank Limited (FWBL) generated the operational profits of Rs 238 million in the year 2007. During the year, the Bank showed the record growth in all financial key components. The total advances portfolio reached the highest position of Rs 3
Intense aerial firing and fireworks display during a wedding ceremony being held at the residence of former MNA Nawaz Khokhar and District Naib Nazim Afzal Khokhar on late Tuesday night triggered panic in the area adjacent to the Islamabad International A
The Ashmore Energy International (AEI) announced on Wednesday that it has acquired a controlling interest in DHA Cogen Limited (DCL) located here. A statement said that closing of the acquisition, which includes AEI's right to hold up to a 52.99 percent i
President Pervez Musharraf on Wednesday said the fundamentals of the country''s economy were sound, however stressed the need to ensure political stability and sustainability of policies to develop investors'' confidence.
President Pervez Musharraf on Wednesday said the fundamentals of the country's economy were sound, however stressed the need to ensure political stability and sustainability of policies to develop investors' confidence.
President Pervez Musharraf on Wednesday said the fundamentals of the country's economy were sound, however stressed the need to ensure political stability and sustainability of policies to develop investors' confidence.
India's main opposition movement, the Hindu nationalist Bharatiya Janata Party (BJP), on Wednesday expelled eight of its MPs who switched loyalties in a government confidence vote. The vote on Tuesday was triggered by left-wing parties who withdrew their
India's main opposition movement, the Hindu nationalist Bharatiya Janata Party (BJP), on Wednesday expelled eight of its MPs who switched loyalties in a government confidence vote. The vote on Tuesday was triggered by left-wing parties who withdrew their
The US stock market would fare better in the first year after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at US banks and research groups polled by Reuters. Bu
The US Congress is discussing a second economic stimulus bill that could include nearly $15 billion in infrastructure spending, a senior member of the House of Representatives told Reuters on Tuesday.
Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE), where equities witnessed broad-based recovery under the lead of trend-setters amid increase in index. ISE-10 Index was up by 18.11 points, as it closed from 2,566.69 to 2,583.80 points
Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE), where equities witnessed broad-based recovery under the lead of trend-setters amid increase in index. ISE-10 Index was up by 18.11 points, as it closed from 2,566.69 to 2,583.80 points
Bulls dominated the proceedings at Lahore Stock Exchange (LSE) for the third consecutive day on Wednesday where equities registered recovery, mainly due to institutional buying, amid an ascending transaction volume. The LSE-25 index rose by 75.04 points a
Bulls dominated the proceedings at Lahore Stock Exchange (LSE) for the third consecutive day on Wednesday where equities registered recovery, mainly due to institutional buying, amid an ascending transaction volume. The LSE-25 index rose by 75.04 points a
Federal Minister for Law, Justice, Parliamentary Affairs and Human Rights Division Senator Farooq H. Naek has issued directives for conducting external audit of the Access to Justice Programme (AJP) while expressing his dissatisfaction over the performanc
Federal Minister for Law, Justice, Parliamentary Affairs and Human Rights Division Senator Farooq H. Naek has issued directives for conducting external audit of the Access to Justice Programme (AJP) while expressing his dissatisfaction over the performanc
Even after three weeks, the Ministry of Petroleum and Natural Resources (MP&NR) and the Oil and Gas Regulatory Authority (Ogra) are passing the buck to each other for taking action against CNG station owners for charging exorbitant rates compressed natura
Even after three weeks, the Ministry of Petroleum and Natural Resources (MP&NR) and the Oil and Gas Regulatory Authority (Ogra) are passing the buck to each other for taking action against CNG station owners for charging exorbitant rates compressed natura
Even after three weeks, the Ministry of Petroleum and Natural Resources (MP&NR) and the Oil and Gas Regulatory Authority (Ogra) are passing the buck to each other for taking action against CNG station owners for charging exorbitant rates compressed natura
The government plans to issue short-term paper soon through the Central Directorate of National Savings, a Finance Ministry official told Reuters on Wednesday. "The government is planning to launch short-term paper of 3-, 6-, and 12-month duration through
The government plans to issue short-term paper soon through the Central Directorate of National Savings, a Finance Ministry official told Reuters on Wednesday. "The government is planning to launch short-term paper of 3-, 6-, and 12-month duration through
On Wednesday, the BRIndex30 opened in the positive zone at 11,039.12 and remained there for whole of the trading time. It closed at 11,410.46 with a net positive change of 371.34 points and percentage change of 3.36. It experienced intra-day high of 11,57
On Wednesday, the BRIndex30 opened in the positive zone at 11,039.12 and remained there for whole of the trading time. It closed at 11,410.46 with a net positive change of 371.34 points and percentage change of 3.36. It experienced intra-day high of 11,57
The Finance Minister''s announcement of launching a Rs 20 billion Equity Market Opportunity Fund, kept the bears out of the arena for the second consecutive session and the KSE-100 index gained another 233.69 points to close at 11,018.50 points level on W
The Finance Minister's announcement of launching a Rs 20 billion Equity Market Opportunity Fund, kept the bears out of the arena for the second consecutive session and the KSE-100 index gained another 233.69 points to close at 11,018.50 points level on We
The Finance Minister's announcement of launching a Rs 20 billion Equity Market Opportunity Fund, kept the bears out of the arena for the second consecutive session and the KSE-100 index gained another 233.69 points to close at 11,018.50 points level on We
Foreign direct investment (FDI) increased by a paltry 0.3 percent during last fiscal year (2007-08). As per State Bank of Pakistan statement, FDI stood at $5.153 billion at the end of fiscal year 2007-08 against $5.140 billion of 2006-07, depicting an inc
Foreign direct investment (FDI) increased by a paltry 0.3 percent during last fiscal year (2007-08). As per State Bank of Pakistan statement, FDI stood at $5.153 billion at the end of fiscal year 2007-08 against $5.140 billion of 2006-07, depicting an inc
Foreign direct investment (FDI) increased by a paltry 0.3 percent during last fiscal year (2007-08). As per State Bank of Pakistan statement, FDI stood at $5.153 billion at the end of fiscal year 2007-08 against $5.140 billion of 2006-07, depicting an inc
National Accountability Bureau has initiated inquiry into two scams pertaining to defrauding Standard Charted Bank and National Bank of Pakistan (NBP) through fake cheques worth Rs 9.996 million and 33 fake export bills amounting to Rs 195.216 million aga
National Accountability Bureau has initiated inquiry into two scams pertaining to defrauding Standard Charted Bank and National Bank of Pakistan (NBP) through fake cheques worth Rs 9.996 million and 33 fake export bills amounting to Rs 195.216 million aga
National Accountability Bureau has initiated inquiry into two scams pertaining to defrauding Standard Charted Bank and National Bank of Pakistan (NBP) through fake cheques worth Rs 9.996 million and 33 fake export bills amounting to Rs 195.216 million aga
Prices of local and imported paper, including newsprint, have surged by 8 percent to 25 percent due to continuous decline in the rupee value and rising cost of production after budget declaration, market sources said.
Prices of local and imported paper, including newsprint, have surged by 8 percent to 25 percent due to continuous decline in the rupee value and rising cost of production after budget declaration, market sources said.
Prices of local and imported paper, including newsprint, have surged by 8 percent to 25 percent due to continuous decline in the rupee value and rising cost of production after budget declaration, market sources said.
Finance Minister Syed Naveed Qamar is said to have got annoyed at the proposal put forth by Industries and Production Secretary Shahab Khawja to ban sugar procurement by Trading Corporation of Pakistan, well-placed sources told Business Recorder, h
Finance Minister Syed Naveed Qamar is said to have got annoyed at the proposal put forth by Industries and Production Secretary Shahab Khawja to ban sugar procurement by Trading Corporation of Pakistan, well-placed sources told Business Recorder, h
Finance Minister Syed Naveed Qamar is said to have got annoyed at the proposal put forth by Industries and Production Secretary Shahab Khawja to ban sugar procurement by Trading Corporation of Pakistan, well-placed sources told Business Recorder, h
Army on Wednesday wound up an operation in a north-western town near the Afghan border after clearing the area of Taliban forces, the military said. Authorities launched an offensive in Hangu last week after insurgents occupying the area killed 17 paramil
Army on Wednesday wound up an operation in a north-western town near the Afghan border after clearing the area of Taliban forces, the military said. Authorities launched an offensive in Hangu last week after insurgents occupying the area killed 17 paramil
The United States and Pakistan currently have a relatively high point of military relationship despite ups and downs, a noted American defence expert said while also strongly defending US security assistance for Islamabad's conventional balance with India
The ruling coalition, in a day-long critical meeting just a few days ahead of the Prime Minister's itinerary to the US, on Wednesday agreed to pursue a political discourse rather than operation to improve law and order in tribal areas, Swat and NWFP.
The ruling coalition, in a day-long critical meeting just a few days ahead of the Prime Minister's itinerary to the US, on Wednesday agreed to pursue a political discourse rather than operation to improve law and order in tribal areas, Swat and NWFP.
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
India welcomed on Wednesday an offer by the United States to limit its farm subsidies as part of efforts to save a global trade deal. "The first thing which we must take note of and must appreciate is that the United States is moving," Indian Commerce Min
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
US taxable money market funds reported inflows of $11.1 billion in the latest week, pushing assets to $2.97 trillion, the Money Fund Report said on Wednesday. Tax-free money funds had $5 billion of outflows, trimming assets to $508.5 billion, according to
Iran is set to receive an advanced Russian-made anti-aircraft system by the end of the year that could help fend off strikes against its nuclear facilities, senior Israeli defence sources said on Wednesday. First delivery of the S-300 missile batteries wa