The Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday allowed Oil and Gas Regulatory Authority (Ogra) to include up to Rs 3 per BTU in gas bills to meet the expenses of the Iran-Pakistan-India (IPI) gas pipeline.
Trade deficit in July-August 2008 widened to $3.522 billion with $7.011 billion imports against $3.489 billion exports. Federal Bureau of Statistics (FBS) trade figures released here on Wednesday showed that trade deficit during first two months of the cu
Trade deficit in July-August 2008 widened to $3.522 billion with $7.011 billion imports against $3.489 billion exports. Federal Bureau of Statistics (FBS) trade figures released here on Wednesday showed that trade deficit during first two months of the cu
Trade deficit in July-August 2008 widened to $3.522 billion with $7.011 billion imports against $3.489 billion exports. Federal Bureau of Statistics (FBS) trade figures released here on Wednesday showed that trade deficit during first two months of the cu
The Ministry of Finance is said to have negotiated Rs 30 billion term finance facility from a consortium of local banks by issuing a ''Letter of Comfort'' instead of Government of Pakistan guarantee, sources close to Secretary, Finance told Business Re
The Ministry of Finance is said to have negotiated Rs 30 billion term finance facility from a consortium of local banks by issuing a 'Letter of Comfort' instead of Government of Pakistan guarantee, sources close to Secretary, Finance told Business Reco
The Ministry of Finance is said to have negotiated Rs 30 billion term finance facility from a consortium of local banks by issuing a 'Letter of Comfort' instead of Government of Pakistan guarantee, sources close to Secretary, Finance told Business Reco
On Wednesday, the BRIndex30 opened in the positive zone, at 9,136.40. It closed at 9,160.94 with a net positive change of 25.61 points and percentage change of 0.28. It experienced intra-day high of 9,186.81 and low of 8,955.86. The volume amounted to 14,
On Wednesday, the BRIndex30 opened in the positive zone, at 9,136.40. It closed at 9,160.94 with a net positive change of 25.61 points and percentage change of 0.28. It experienced intra-day high of 9,186.81 and low of 8,955.86. The volume amounted to 14,
Karachi share market, after witnessing a volatile session on Wednesday, finally managed to close in the positive with KSE-100 index gaining 36.06 points to settle at its intra-day high level of 9,315.68 points, analysts said. Trading activity also improve
Karachi share market, after witnessing a volatile session on Wednesday, finally managed to close in the positive with KSE-100 index gaining 36.06 points to settle at its intra-day high level of 9,315.68 points, analysts said. Trading activity also improve
Karachi share market, after witnessing a volatile session on Wednesday, finally managed to close in the positive with KSE-100 index gaining 36.06 points to settle at its intra-day high level of 9,315.68 points, analysts said. Trading activity also improve
The government''s budgetary borrowing surged by 41 percent during first 26 days of current fiscal year, which reflects that the federal government is still relying on the State Bank and other banks for budgetary support despite State Bank''s request to re
The government's budgetary borrowing surged by 41 percent during first 26 days of current fiscal year, which reflects that the federal government is still relying on the State Bank and other banks for budgetary support despite State Bank's request to redu
The government's budgetary borrowing surged by 41 percent during first 26 days of current fiscal year, which reflects that the federal government is still relying on the State Bank and other banks for budgetary support despite State Bank's request to redu
The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
The Federal Board of Revenue (FBR) on Wednesday announced that the withholding tax deductible on the amount of cotton lint supplied by the cotton ginners to the textile industry would be paid by cotton ginners themselves. The FBR has issued income tax cir
The Federal Board of Revenue (FBR) on Wednesday announced that the withholding tax deductible on the amount of cotton lint supplied by the cotton ginners to the textile industry would be paid by cotton ginners themselves. The FBR has issued income tax cir
The Federal Board of Revenue (FBR) on Wednesday announced that the withholding tax deductible on the amount of cotton lint supplied by the cotton ginners to the textile industry would be paid by cotton ginners themselves. The FBR has issued income tax cir
The Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to explain why the unexplained income of Rs 500,000, declared before August 8 under the Investment Tax Scheme (Income Tax Circular 3 of 2008) was not accepted in a case where proc
The Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to explain why the unexplained income of Rs 500,000, declared before August 8 under the Investment Tax Scheme (Income Tax Circular 3 of 2008) was not accepted in a case where proc
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (September 10, 2008).
The Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to explain why the unexplained income of Rs 500,000, declared before August 8 under the Investment Tax Scheme (Income Tax Circular 3 of 2008) was not accepted in a case where proc
Particle physicists were jubilant on Wednesday after the long-awaited start-up of a mega-machine designed to expose secrets of the cosmos passed its first test with flying colours. Cheers, applause and the pop of a champagne cork - rather than the catacly
Particle physicists were jubilant on Wednesday after the long-awaited start-up of a mega-machine designed to expose secrets of the cosmos passed its first test with flying colours. Cheers, applause and the pop of a champagne cork - rather than the catacly
Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (September 10, 2008).
Fannie Mae''s record $7 billion note sale drew robust demand, primarily from domestic investors, three days after the government took control of the largest US mortgage finance company. Orders for the massive issue surpassed the amount sold, and the risk
Fannie Mae's record $7 billion note sale drew robust demand, primarily from domestic investors, three days after the government took control of the largest US mortgage finance company. Orders for the massive issue surpassed the amount sold, and the risk p
Fannie Mae's record $7 billion note sale drew robust demand, primarily from domestic investors, three days after the government took control of the largest US mortgage finance company. Orders for the massive issue surpassed the amount sold, and the risk p
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
Troops backed by tanks and heavy artillery Wednesday killed at least 22 Taliban militants in a restive tribal area near the Afghan border, an official said. The troops confronted the militants across the Bajaur tribal district on Wednesday evening.
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
Troops backed by tanks and heavy artillery Wednesday killed at least 22 Taliban militants in a restive tribal area near the Afghan border, an official said. The troops confronted the militants across the Bajaur tribal district on Wednesday evening.
A powerful earthquake struck southern Iran on Wednesday near Bandar Abbas, site of a major oil refinery, killing at least five people and injuring 26, officials and state media said. The US Geological Service said the quake's magnitude was 6.1 and it stru
A powerful earthquake struck southern Iran on Wednesday near Bandar Abbas, site of a major oil refinery, killing at least five people and injuring 26, officials and state media said. The US Geological Service said the quake's magnitude was 6.1 and it stru
Pakistan and China have 'developed an understanding to enhance nuclear co-operation' sources in Xinhua, Chinese news agency, confirmed to this scribe. It is expected that a deal will be signed during the scheduled visit of President Asif Ali Zardari to Ch
Pakistan and China have 'developed an understanding to enhance nuclear co-operation' sources in Xinhua, Chinese news agency, confirmed to this scribe. It is expected that a deal will be signed during the scheduled visit of President Asif Ali Zardari to Ch
The Karachi Port handled 122,558 tonnes of cargo including 80,464 tonnes of import, 42,094 tonnes of export cargo and 3,679 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
Chief of Army Staff General Ashfaq Parvez Kayani has summoned corps commanders conference on Thursday (today), Aaj TV reported on Wednesday. According to the channel, all corps commanders and principal staff officers will attend the conference.
US corn futures on the Chicago Board of Trade closed lower on Tuesday amid falling crude oil and good crop weather in the US Midwest, traders said. -- CBOT corn closed 1-1/2 to 4-1/2 cents per bushel, with September down 3-1/2 at $5.29-1/2 per bushel. New
Chief of Army Staff General Ashfaq Parvez Kayani has summoned corps commanders conference on Thursday (today), Aaj TV reported on Wednesday. According to the channel, all corps commanders and principal staff officers will attend the conference.
US FOB Gulf soybean basis offers were mostly steady on Tuesday, supported by tight supplies, while corn were steady to higher, traders said. Exporters were not offering soy shipments through first-half October due to tight supplies. Traders said soybeans
Pakistan ranks 77 in good practices applied for doing business as compared to Bangladesh and India that rank 110 and 122 respectively, a World Bank report revealed. According to the report, there are 10 indicators for measuring the good practices applied
Canadian canola futures were weaker on Tuesday as world vegetable oil markets declined, hedges began picking up, and buyers backed off, traders said. "I think we're starting to see a little more harvest pressure coming into the market," a trader said, not
Pakistan ranks 77 in good practices applied for doing business as compared to Bangladesh and India that rank 110 and 122 respectively, a World Bank report revealed. According to the report, there are 10 indicators for measuring the good practices applied
Grain trader East Point and a Romanian company jointly sold 100,000 tonnes of Romanian wheat to Iraq, in one of the European Union's rare grain deliveries to the Arab country, a trade source said on Wednesday. Iraq, one of the world's leading wheat import
Pakistan ranks 77 in good practices applied for doing business as compared to Bangladesh and India that rank 110 and 122 respectively, a World Bank report revealed. According to the report, there are 10 indicators for measuring the good practices applied
US wheat futures closed lower on Tuesday, with Chicago Board of Trade prices falling to fresh one-year lows on technical selling and pressure from an expected record-large global wheat crop, traders said. At the CBOT, September soft red winter wheat fell
At least 20 worshippers were killed and dozens wounded when suspected militants hurled grenades into a mosque in NWFP during Wednesday evening prayers, an official said. "So far 20 people are confirmed dead and over 35 wounded in the grenade attack by unk
Vietnam will not put a monthly ceiling on rice export volumes for the rest of the year to achieve its full-year target to ship at least 4.5 million tonnes because overseas demand remains weak as buyers await price falls. Deputy Prime Minister Hoang Trung
At least 20 worshippers were killed and dozens wounded when suspected militants hurled grenades into a mosque in NWFP during Wednesday evening prayers, an official said. "So far 20 people are confirmed dead and over 35 wounded in the grenade attack by unk
India's sugar exports in the next crop year are likely to fall below earlier forecasts of 1 million tonnes because of rising local prices, which have prompted a coastal refinery to import raws, traders and mill owners said. Exports from India, the world's
Around three dozens new ministers and ministers of state are expected to be inducted in the federal cabinet after the government has accepted the resignations of the PML (N) ministers. Informed sources told Business Recorder that a lion's share in
Good trading was seen on the cotton market on Wednesday as mills and exporters continued forward buying, dealers said. The official spot rate was unchanged at Rs 4100, they said. Phutti prices in Sindh were unchanged at Rs 1900-1925 for the third session
Around three dozens new ministers and ministers of state are expected to be inducted in the federal cabinet after the government has accepted the resignations of the PML (N) ministers. Informed sources told Business Recorder that a lion's share in
Kenyan coffee prices were down sharply this week on the back of lower New York prices, market participants said on Tuesday. The average price for the 14,715 bags on offer dropped to $176.21 per 50-kg bag from last week's $188.66.
Different political and government dignitaries on Wednesday called on President Asif Ali Zardari at Aiwan-e-Sadr and felicitated him for assuming the office of the President of Pakistan. These dignitaries include Chairman Senate, Mohammad mian Soomro, Spe
Prime Minister Syed Yousuf Raza Gilani has said that the present government is committed to fulfilling the dreams of the country's founding father Quaid-e-Azam Muhammad Ali Jinnah.
Small business was seen on the grain market on Wednesday as most of the leading participants were on the sidelines due to corrective measures by the government to halt the unrealistic increase in the prices, dealers said.
President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani have decided to accept the resignations of Pakistan Muslim League (PML-N) ministers and the cabinet will soon be reshuffled to induct new ministers. This decision was taken in a meeting
The benchmark rice price in world number one exporter Thailand rose 2 percent from last week, exporters said on Wednesday, citing strong demand from Japan and the Middle East. The median price for 100 percent B grade white rice quoted by exporters rose fo
President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani have decided to accept the resignations of Pakistan Muslim League (PML-N) ministers and the cabinet will soon be reshuffled to induct new ministers. This decision was taken in a meeting
Growth in India's copper demand is expected to fall to 8-9 percent in the year to end-March as a slowing economy and higher interest rates drag on the housing and appliance sectors, the India head of an international trade body said.
The government has received Saudi American Bank and Al Raji Group''s offer to provide Pakistan 500 million dollar against sercurtisation of remittances. Al Raji Group manages a major portion of Pakistan''s remittances and Saudi American Bank owns Cres Ban