The APNS has congratulated the democratic forces and people of Pakistan on their historic victory against dictatorial regime of General Pervez Musharraf and hoped that the elected government would eradicate the undemocratic policies pursued during the nin
The APNS has congratulated the democratic forces and people of Pakistan on their historic victory against dictatorial regime of General Pervez Musharraf and hoped that the elected government would eradicate the undemocratic policies pursued during the nin
Home Depot Inc, the world's largest home improvement retailer, reported higher-than-expected quarterly profit on Tuesday as it held down costs and consumers took on spring projects. But the retailer said it still expects full-year profit to fall about 24
Home Depot Inc, the world's largest home improvement retailer, reported higher-than-expected quarterly profit on Tuesday as it held down costs and consumers took on spring projects. But the retailer said it still expects full-year profit to fall about 24
The United States is likely to slip into recession in the coming months as the cushioning impact of sharp interest rate cuts and tax rebates wears out, UBS bank economists said Tuesday. "Sharp cuts in interest rates and tax rebates have prevented the US e
Bulls strengthened their positions at the Islamabad Stock Exchange (ISE) on Tuesday where equities showed healthy signs during day's positive rally amid increase in index. ISE-10 Index was plus by 73.51 points from 2,510.07 to 2,583.58 points. Turnover am
Bulls strengthened their positions at the Islamabad Stock Exchange (ISE) on Tuesday where equities showed healthy signs during day's positive rally amid increase in index. ISE-10 Index was plus by 73.51 points from 2,510.07 to 2,583.58 points. Turnover am
Bullish trend prevailed on the Lahore Stock Exchange for the second consecutive day on Tuesday and the equities extended gains following fresh buying in blue chips, including the oil sector scrips. The LSE-25 index further jumped by 106.27 points and clos
Bullish trend prevailed on the Lahore Stock Exchange for the second consecutive day on Tuesday and the equities extended gains following fresh buying in blue chips, including the oil sector scrips. The LSE-25 index further jumped by 106.27 points and clos
A major anomaly has been removed in the Federal Excise Act 2005 to empower the excise officials for imposing default surcharge retrospectively on persons, who had claimed wrong adjustment of excise duty, inadmissible refund and drawback on exports of good
A major anomaly has been removed in the Federal Excise Act 2005 to empower the excise officials for imposing default surcharge retrospectively on persons, who had claimed wrong adjustment of excise duty, inadmissible refund and drawback on exports of good
A major anomaly has been removed in the Federal Excise Act 2005 to empower the excise officials for imposing default surcharge retrospectively on persons, who had claimed wrong adjustment of excise duty, inadmissible refund and drawback on exports of good
A day after President Pervez Musharraf quit, leaders of Pakistan's fractious coalition government squabbled over the judiciary on Tuesday and a bomb killed 25 people, underscoring the challenges facing the nation. Coalition leaders, who campaigned against
Coalition leaders, who met here on Tuesday, ended the meeting unceremoniously. There was no press conference and no joint communiqué. Nawaz Sharif and his team members left the venue without talking to media persons waiting outside Zardari House. Team mem
Coalition leaders, who met here on Tuesday, ended the meeting unceremoniously. There was no press conference and no joint communiqué. Nawaz Sharif and his team members left the venue without talking to media persons waiting outside Zardari House. Team mem
As news of the three services contingents according a guard of honour to President Pervez Musharraf at the imposing presidential palace located on Constitution Avenue aired in the media, was described as public outrage that was mirrored in the National As
While underscoring the need for Pakistan to have a clear and decisive leadership, a top British daily says that if the politicians cannot agree on a figure who can rise above the squabbles in Islamabad and endow him with the powers needed be effective in
While underscoring the need for Pakistan to have a clear and decisive leadership, a top British daily says that if the politicians cannot agree on a figure who can rise above the squabbles in Islamabad and endow him with the powers needed be effective in
On Tuesday, BRIndex30 opened at 11,289.48 and remained positive for whole of the trading time. It closed at 11,646.12 with a net positive change of 356.52 points or 3.16 percent. It recorded intra-day high of 11,789.27 and intra-day low of 11,289.48.
On Tuesday, BRIndex30 opened at 11,289.48 and remained positive for whole of the trading time. It closed at 11,646.12 with a net positive change of 356.52 points or 3.16 percent. It recorded intra-day high of 11,789.27 and intra-day low of 11,289.48.
Dollar was available at cheaper rates on open (kerb) market than in banks on Tuesday. At interbank close (13.30 hours), the official parity was Rs 74.40 to a dollar while there were plenty of dollars available with exchange companies at Rs 74 to a dollar
Dollar was available at cheaper rates on open (kerb) market than in banks on Tuesday. At interbank close (13.30 hours), the official parity was Rs 74.40 to a dollar while there were plenty of dollars available with exchange companies at Rs 74 to a dollar
Dollar was available at cheaper rates on open (kerb) market than in banks on Tuesday. At interbank close (13.30 hours), the official parity was Rs 74.40 to a dollar while there were plenty of dollars available with exchange companies at Rs 74 to a dollar
Pakistan''s armed forces, Presidency and some federal government offices have been served electricity disconnection notices by Pakistan Electric Power Company (Pepco) for not paying their electricity bills, sources in Finance Ministry told Business Rec
Pakistan's armed forces, Presidency and some federal government offices have been served electricity disconnection notices by Pakistan Electric Power Company (Pepco) for not paying their electricity bills, sources in Finance Ministry told Business Reco
Pakistan's armed forces, Presidency and some federal government offices have been served electricity disconnection notices by Pakistan Electric Power Company (Pepco) for not paying their electricity bills, sources in Finance Ministry told Business Reco
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday issued draft Stock Exchanges (Corporatisation, Demutualisation and Integration) Rules, 2008 to expedite demutualisation and integration process of the stock exchanges.
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday issued draft Stock Exchanges (Corporatisation, Demutualisation and Integration) Rules, 2008 to expedite demutualisation and integration process of the stock exchanges.
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday issued draft Stock Exchanges (Corporatisation, Demutualisation and Integration) Rules, 2008 to expedite demutualisation and integration process of the stock exchanges.
To attract maximum foreign investment in the corporate sector, the Securities and Exchange Commission of Pakistan (SECP) has offered minimum regulatory framework and tax incentives to the foreign ''Private Equity and Venture Capital Funds'' (PE&VCF), who
To attract maximum foreign investment in the corporate sector, the Securities and Exchange Commission of Pakistan (SECP) has offered minimum regulatory framework and tax incentives to the foreign 'Private Equity and Venture Capital Funds' (PE&VCF), who ar
To attract maximum foreign investment in the corporate sector, the Securities and Exchange Commission of Pakistan (SECP) has offered minimum regulatory framework and tax incentives to the foreign 'Private Equity and Venture Capital Funds' (PE&VCF), who ar
The State Bank of Pakistan has told Boards of Directors of banks, DFIs and MFB that whenever they decide to remove Presidents, CEOs or other heads before the expiry of their term time, the central bank must be informed at least two months ahead of the imp
The State Bank of Pakistan has told Boards of Directors of banks, DFIs and MFB that whenever they decide to remove Presidents, CEOs or other heads before the expiry of their term time, the central bank must be informed at least two months ahead of the imp
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 State Bank of Pakistan has told Boards of Directors of banks, DFIs and MFB that whenever they decide to remove Presidents, CEOs or other heads before the expiry of their term time, the central bank must be informed at least two months ahead of the imp
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
A suicide bomber killed 29 people at a hospital in Dera Ismail Khan on Tuesday, highlighting the militant challenge facing the government after the resignation of Pervez Musharraf. In other violence in the wake of Pervez Musharraf's decision to bow out on
A suicide bomber killed 29 people at a hospital in Dera Ismail Khan on Tuesday, highlighting the militant challenge facing the government after the resignation of Pervez Musharraf. In other violence in the wake of Pervez Musharraf's decision to bow out on
Saudi Arabia has denied it has a plane waiting for taking former president Pervez Musharraf to the Muslim Kingdom, a press report said on Tuesday, amid speculation Riyadh could offer him asylum. The Saudi ambassador to Pakistan, Ali Awad Esseiri, said med
Saudi Arabia has denied it has a plane waiting for taking former president Pervez Musharraf to the Muslim Kingdom, a press report said on Tuesday, amid speculation Riyadh could offer him asylum. The Saudi ambassador to Pakistan, Ali Awad Esseiri, said med
Soyabean production in Brazil is likely to stagnate early in 2009 due partly to government action against plantings on illegal land, German oilseeds analysts Oil World said in a report. But it said soyabean production in Argentina could reach record level
A leading British daily has quoted a Western diplomat in Islamabad as saying that Pervez Musharraf could first head for Saudi Arabia for Umra, but that London could be his ultimate destination. According to Daily Telegraph, the United States, a close ally
The Karachi Port handled 101,149 tonnes of cargo including 62,420 tonnes of import, 38,729 tonnes of export cargo and 3,743 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday. The freights comprised of 66,735 tonnes of
A leading British daily has quoted a Western diplomat in Islamabad as saying that Pervez Musharraf could first head for Saudi Arabia for Umra, but that London could be his ultimate destination. According to Daily Telegraph, the United States, a close ally
The average price of Bangladesh teas fell 1.01 percent to 119.50 taka ($1.74) per kg on poor quality at the weekly auction on Tuesday, brokers said. Nearly 1.28 million kg were sold at 119.50 taka per kg on average, down 1.22 taka from the last sale. The
US President George W. Bush plans to reach out to senior Pakistan officials soon in the wake of Pervez Musharraf's resignation as president, the White House said on Tuesday. "I, you know, would expect that the president will have high-level contact with t
Indian jewellers are paying gold importers more than double last month's premiums as they scramble to meet a resurgence in demand stoked by a steep fall in global prices and the approach of the Diwali festive season. The rise in premiums suggests a jump i
US President George W. Bush plans to reach out to senior Pakistan officials soon in the wake of Pervez Musharraf's resignation as president, the White House said on Tuesday. "I, you know, would expect that the president will have high-level contact with t
Sharply higher rapeseed production could almost triple exports from five major former Soviet states this season, German oilseeds analysts Oil World said in a report. Exports from CIS countries Belarus, Kazakhstan, Moldova, Russia and Ukraine were seen ris
The Tripartite Commission composed of senior military representatives from Afghanistan, Pakistan and coalition forces in Afghanistan, held its 23rd meeting in Afghanistan on Tuesday.
US corn futures closed 4 percent higher on Monday amid concerns about a turn to dry weather in the US Midwest, traders said. Several months rose the daily limit of 30 cents before backing down from session highs. CBOT corn closed 17-1/2 to 23-1/4 cents pe
The Tripartite Commission composed of senior military representatives from Afghanistan, Pakistan and coalition forces in Afghanistan, held its 23rd meeting in Afghanistan on Tuesday.
Vietnamese coffee farmers may sell their remaining stock for the last time early next month to buy fertiliser to help ensure a good harvest, traders said. Vietnam's coffee market has been slow in the past month as stocks dwindled and traders hoped they co
Instability in Pakistan always has the Pentagon worried about two things above all - the country's nuclear arsenal and the fight against al Qaeda and the Taliban in areas bordering Afghanistan. But US officials are playing down the impact the resignation
US wheat futures closed sharply higher on Monday as technical buying and short-covering sparked a rebound after sharp declines on Friday, traders said. Weaker dollar and spillover from soaring corn and soyabean futures added support. Some global weather c
The Venezuelan government has locked up control of more than 90 percent of the domestic cement industry with its nationalisation of one foreign-owned plant and pressured buyout of two others. In the most recent of a series of state take-overs of key forei
Declining trend in the dollar's value dominated the cotton market on Tuesday as the prices came down sharply, dealers said. The official spot rate was unchanged at Rs 4200, they said. In the ready business, the phutti prices were down by Rs 25 to Rs 1900-
The Venezuelan government has locked up control of more than 90 percent of the domestic cement industry with its nationalisation of one foreign-owned plant and pressured buyout of two others. In the most recent of a series of state take-overs of key forei
Bullish sentiment was seen on the grain market on Tuesday as grams prices turned higher due to strong demand ahead of Ramazan, dealers said. On the grams side, gram garda Punjab was up sharply at Rs 4600-4900, gram dal Punjab followed suit and rose at Rs
The Venezuelan government has locked up control of more than 90 percent of the domestic cement industry with its nationalisation of one foreign-owned plant and pressured buyout of two others. In the most recent of a series of state take-overs of key forei
US rough rice futures on the Chicago Board of Trade closed sharply higher in light trade on Monday, following strong rallies in other grains, traders said. September rice ended 49-1/2 cents higher at $16.65-1/2 per hundredweight, with new-crop November up
More than a dozen fire engines and military helicopters battled a massive fire that gutted the main building of Egypt's upper house of parliament on Tuesday and injured at least 10 people. Flames and clouds of smoke billowed in the air from the old three-