Pakistan's garment export to European Union and Canada registered a decline while to the US market, the garment export posted a slight increase, an IMF report revealed on Thursday. The garment export to EU market declined from 1.7 percent in 2003 to 1.5 p
Pakistan's garment export to European Union and Canada registered a decline while to the US market, the garment export posted a slight increase, an IMF report revealed on Thursday. The garment export to EU market declined from 1.7 percent in 2003 to 1.5 p
The sharp decline in hydel power generation from 6000 megawatts to 1600 megawatts has deepened the power crisis in the country, said Minister for Water and Power Raja Pervez Asharf. Speaking at a news conference here on Thursday after a meeting at Nationa
The sharp decline in hydel power generation from 6000 megawatts to 1600 megawatts has deepened the power crisis in the country, said Minister for Water and Power Raja Pervez Asharf. Speaking at a news conference here on Thursday after a meeting at Nationa
The sharp decline in hydel power generation from 6000 megawatts to 1600 megawatts has deepened the power crisis in the country, said Minister for Water and Power Raja Pervez Asharf. Speaking at a news conference here on Thursday after a meeting at Nationa
The country''s seaports are facing the worst ever congestion in ten years due to an influx of at least 34 unscheduled vessels belonging to Trading Corporation of Pakistan (TCP) and Pakistan Steel Mills (PSM) at the outer anchorage of Karachi Port and Port
The country's seaports are facing the worst ever congestion in ten years due to an influx of at least 34 unscheduled vessels belonging to Trading Corporation of Pakistan (TCP) and Pakistan Steel Mills (PSM) at the outer anchorage of Karachi Port and Port
The country's seaports are facing the worst ever congestion in ten years due to an influx of at least 34 unscheduled vessels belonging to Trading Corporation of Pakistan (TCP) and Pakistan Steel Mills (PSM) at the outer anchorage of Karachi Port and Port
On Thursday, BRIndex30 remained unchanged throughout the trading time. It opened at 8,998.64 and closed at 8,998.64. Volume was 76,900 as against 1,306,900 recorded by KSE-All Share and 79,600 recorded by KSE-100 Indices. BR Technology and Communication I
On Thursday, BRIndex30 remained unchanged throughout the trading time. It opened at 8,998.64 and closed at 8,998.64. Volume was 76,900 as against 1,306,900 recorded by KSE-All Share and 79,600 recorded by KSE-100 Indices. BR Technology and Communication I
The benchmark KSE-100 index remained unchanged on third consecutive day to close at 9,184.24 points level on Thursday due to investors lack of interest over the prevailing uncertainty and declining international markets. "The investors were not ready to t
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 benchmark KSE-100 index remained unchanged on third consecutive day to close at 9,184.24 points level on Thursday due to investors lack of interest over the prevailing uncertainty and declining international markets. "The investors were not ready to t
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 benchmark KSE-100 index remained unchanged on third consecutive day to close at 9,184.24 points level on Thursday due to investors lack of interest over the prevailing uncertainty and declining international markets. "The investors were not ready to t
The Federal Board of Revenue (FBR) has decided to harmonise different provisions of taxation laws to provide uniform tax procedures in all tax laws to foreign investors as well as local business community.
The Federal Board of Revenue (FBR) has decided to harmonise different provisions of taxation laws to provide uniform tax procedures in all tax laws to foreign investors as well as local business community.
The Federal Board of Revenue (FBR) has decided to harmonise different provisions of taxation laws to provide uniform tax procedures in all tax laws to foreign investors as well as local business community.
The greenback is being smuggled in huge quantity into Afghanistan, which has primarily caused the decline in rupee value to the historic lowest level of over Rs 80 against the dollar. Besides, increasing the dollar demand by 100 percent to some 13 million
The greenback is being smuggled in huge quantity into Afghanistan, which has primarily caused the decline in rupee value to the historic lowest level of over Rs 80 against the dollar. Besides, increasing the dollar demand by 100 percent to some 13 million
The Karachi Port handled 103,005 tonnes of cargo including 70,990 tonnes of import, 32,015 tonnes of export cargo and 4,868 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The freights comprised of 92,547 tonnes o
The greenback is being smuggled in huge quantity into Afghanistan, which has primarily caused the decline in rupee value to the historic lowest level of over Rs 80 against the dollar. Besides, increasing the dollar demand by 100 percent to some 13 million
Spot basis bids for soyabeans rose at most processors and elevators around the US Midwest on Wednesday while corn bids were steady to firm, grain dealers said. Farmer selling was slow on Wednesday as cash prices have fallen well below farmers' expectation
A crisis of confidence has clouded the entire banking sector as banks have begun to ask their corporate clients not to avail their running finance limits. The liquidity crisis deepened on Thursday as reports about some corporates doing arbitrage deals wer
A few changes were seen on the grain market on Thursday as many participants were on the sidelines due to higher rates, dealers said. On the rice sector, Irri-6 Sindh gained Rs 50 to Rs 2950, other types maintained the overnight levels, they added.
A crisis of confidence has clouded the entire banking sector as banks have begun to ask their corporate clients not to avail their running finance limits. The liquidity crisis deepened on Thursday as reports about some corporates doing arbitrage deals wer
Indian sugar futures fell on Thursday afternoon as deliveries for the October contract jumped, raising the prospect of heavy supplies in the coming days. At 2:45 pm (0915 GMT), the October futures contract on the National Commodity and Derivatives Exchang
A crisis of confidence has clouded the entire banking sector as banks have begun to ask their corporate clients not to avail their running finance limits. The liquidity crisis deepened on Thursday as reports about some corporates doing arbitrage deals wer
India's vegetable oil traders have urged the government to impose an import tax and allow futures trading in soyaoil following a slump in prices, a leading trade body said on Thursday. India, the world's biggest vegetable oil importer after China, in Apri
Pakistan and China on Thursday agreed to propel level of economic co-operation in diverse sectors on fast trajectory as an important plank of comprehensive strategic partnership.
Tanzanian coffee prices eased at last week's auction, tracking markets in London and New York weighed down by the global financial crisis, traders said on Thursday. "The commodity markets have followed the downturn of all other markets, so the world price
Pakistan and China on Thursday agreed to propel level of economic co-operation in diverse sectors on fast trajectory as an important plank of comprehensive strategic partnership.
US corn futures closed lower on Wednesday, with the front month settling below $4 a bushel for the first time in 10 months on fears that a recession could slow demand for commodities including grains, traders said. Recession worries also hammered crude oi
Pakistan and China on Thursday agreed to propel level of economic co-operation in diverse sectors on fast trajectory as an important plank of comprehensive strategic partnership.
US wheat futures fell on Wednesday, with the Chicago Board of Trade spot price hitting a 16-month low as declines in the stock market spilled over into commodities amid fears of economic recession, traders said. US stocks sagged on fears that efforts to h
China on Thursday vowed to do what it could to help cash-strapped Pakistan avert financial disaster as President Asif Ali Zardari continued an official visit aimed at rustling up crucial Chinese investments. The promise came as Premier Wen Jiabao met Pres
Prices fell marginally on the cotton market on Thursday as mills demand came down slightly due to earlier increase, dealers said. The official spot rate was unchanged at Rs 3450, they said. Phutti prices in Sindh were at Rs 1650-1700 and in Punjab prices
China on Thursday vowed to do what it could to help cash-strapped Pakistan avert financial disaster as President Asif Ali Zardari continued an official visit aimed at rustling up crucial Chinese investments. The promise came as Premier Wen Jiabao met Pres
After showing some steadiness earlier in the week, cotton prices in the ready market slumped again to lose atleast Rs 200 per maund (37.32 kgs) over the past couple of days. Faltering business prospects for the domestic textile industry amidst reports of
China on Thursday vowed to do what it could to help cash-strapped Pakistan avert financial disaster as President Asif Ali Zardari continued an official visit aimed at rustling up crucial Chinese investments. The promise came as Premier Wen Jiabao met Pres
After showing some steadiness earlier in the week, cotton prices in the ready market slumped again to lose atleast Rs 200 per maund (37.32 kgs) over the past couple of days. Faltering business prospects for the domestic textile industry amidst reports of
Police on Thursday arrested 18 suspected foreign militants in a tribal area near the north-western city of Peshawar, an official said. They were moving out of the Darra Adam Khel area in two vehicles when they were arrested by police at a checkpost.
US copper futures settled sharply lower on Wednesday, stemming a two-day rally as a sell-off on Wall Street and fears of a global recession spurred further liquidation in the industrial metal, analysts said. Copper for December delivery plunged 18.40 cent
Police on Thursday arrested 18 suspected foreign militants in a tribal area near the north-western city of Peshawar, an official said. They were moving out of the Darra Adam Khel area in two vehicles when they were arrested by police at a checkpost.
London copper fell 7.6 percent on Thursday to its lowest since January 2006 and other base metals also dropped after the Fed warned that the US economy still faces significant threats. Combined with bleak US economic data, the Fed warnings led Wall Street
Indian and Pakistani officials will meet in New Delhi next week to discuss the issue of blockade of Chenab river water by India. Indus Water Commissioner Jamaat Ali Shah will reach New Delhi on Saturday for talks with his Indian counterpart G Ranganathan,
US rough rice futures on the Chicago Board of Trade fell for the sixth straight day to an eight-month low on Wednesday as global economic turmoil led to fears of recession, traders said. Fears of an economic slowdown, including weaker demand for commoditi
Indian and Pakistani officials will meet in New Delhi next week to discuss the issue of blockade of Chenab river water by India. Indus Water Commissioner Jamaat Ali Shah will reach New Delhi on Saturday for talks with his Indian counterpart G Ranganathan,
Tokyo rubber futures fell to a new three-year low on Thursday on concerns about weak demand for the industrial commodity, while some Chinese users have refused to pay at prices settled earlier, causing defaults of shipments. Chinese buyers have defaulted
Indian and Pakistani officials will meet in New Delhi next week to discuss the issue of blockade of Chenab river water by India. Indus Water Commissioner Jamaat Ali Shah will reach New Delhi on Saturday for talks with his Indian counterpart G Ranganathan,
Raw sugar futures settled sharply lower on Wednesday on investor fund sales as fear demand could be hit by global economic weakness acted as a millstone on the market, brokers said. The March sugar contract sank 0.53 cent, or by 4.5 percent, to finish at
Qatar''s oil minister said on Thursday he personally expects Opec to cut oil production by no less than 1 million barrels per day at its October 24 meeting, but any decision will be based on a careful study of fundamentals. "I personally believe that it (
US soybean futures on the Chicago Board of Trade plunged to a 13-month low on Wednesday as the euphoria over governments' efforts to ease the credit crisis was overshadowed by recession concerns, traders said. Fears of economic slowdown, including weaker
Qatar's oil minister said on Thursday he personally expects Opec to cut oil production by no less than 1 million barrels per day at its October 24 meeting, but any decision will be based on a careful study of fundamentals. "I personally believe that it (t
Malaysian crude palm futures dropped to their lowest in two years on Thursday, tracking sliding crude oil prices and amid worries that an accelerating economic slowdown will cut demand, traders said. The benchmark January contract on the Bursa Malaysia De
Qatar's oil minister said on Thursday he personally expects Opec to cut oil production by no less than 1 million barrels per day at its October 24 meeting, but any decision will be based on a careful study of fundamentals. "I personally believe that it (t
The country''s foreign exchange reserves plunged by 571.9 million dollars to 7.7497 billion dollars, during last week that ended on October 11. The State Bank of Pakistan on Thursday said the country''s foreign exchange reserves have declined to 7.7497 bi
US gold futures ended a touch lower on Wednesday, limiting losses in spite of plunging stock markets and widespread decline in commodities as investors turned to gold as a safe store amid fears of a global recession, traders said.
The country's foreign exchange reserves plunged by 571.9 million dollars to 7.7497 billion dollars, during last week that ended on October 11. The State Bank of Pakistan on Thursday said the country's foreign exchange reserves have declined to 7.7497 bill
Gold fell almost 1 percent on Thursday, ending a two-day rally as a renewed dive in share markets forced bullion selling and a deeper slump in oil prices reduced its appeal as an inflation hedge. Gold, often viewed as a safe haven in turbulent times, defi
The country's foreign exchange reserves plunged by 571.9 million dollars to 7.7497 billion dollars, during last week that ended on October 11. The State Bank of Pakistan on Thursday said the country's foreign exchange reserves have declined to 7.7497 bill
Oil fell for a third day on Thursday, plumbing a 13-1/2 month low near $72 as commodity investors again rushed for the exit on fears of a collapse in demand growth, with the world economy tilting toward recession. Bleak US economic data and warnings from
The Federal Investigation Agency (FIA) on Thursday declared former Minority Affairs Minister Mushtaq Victor and his four accomplices as human smugglers after a thorough investigation. The FIA has presented the challan against the accused in the court of S
Singapore and Malaysia on Thursday pledged to guarantee all local and foreign currency bank deposits, joining governments across the world in shoring up confidence in the embattled banking system. The neighbouring Southeast Asian countries announced withi
The Federal Investigation Agency (FIA) on Thursday declared former Minority Affairs Minister Mushtaq Victor and his four accomplices as human smugglers after a thorough investigation. The FIA has presented the challan against the accused in the court of S
Merrill Lynch & Co reported a third-quarter net loss of $7.5 billion on Thursday - worse than analysts had expected - on write-downs and credit losses on complex debt securities.
The Economic Co-ordination Committee (ECC) of the Cabinet has been presented oil stock position, indicating building up of petroleum products storages to an all-time high of 26 days as on October 13, 2008. The presentation reveals that Pakistan''s strateg
Merrill Lynch & Co reported a third-quarter net loss of $7.5 billion on Thursday - worse than analysts had expected - on write-downs and credit losses on complex debt securities.
The Economic Co-ordination Committee (ECC) of the Cabinet has been presented oil stock position, indicating building up of petroleum products storages to an all-time high of 26 days as on October 13, 2008. The presentation reveals that Pakistan's strategi
Switzerland's top two banks took emergency measures to shore up their finances on Thursday, with the state taking a near 10 percent stake in UBS while Credit Suisse raised new funds from private investors. UBS AG is getting 6 billion Swiss francs ($5.3 bi
The Economic Co-ordination Committee (ECC) of the Cabinet has been presented oil stock position, indicating building up of petroleum products storages to an all-time high of 26 days as on October 13, 2008. The presentation reveals that Pakistan's strategi
The World Trade Organisation's (WTO) top court largely backed the United States and Canada on Thursday in a mixed ruling in an appeal over the European Union's long-standing ban on beef treated with growth hormones.
The US navy's nuclear-powered super-carrier USS Ronald Reagan will sail into the Arabian Sea on Saturday for war games with India as part of warming ties between the two sides, officials said Thursday. A nuclear submarine and five other warships from the
US industrial production posted the biggest monthly decline since 1974 while consumer prices were flat in September, according to reports on Thursday that built a compelling argument for more interest rate cuts to slow a steep economic slide. Adding to th
The US navy's nuclear-powered super-carrier USS Ronald Reagan will sail into the Arabian Sea on Saturday for war games with India as part of warming ties between the two sides, officials said Thursday. A nuclear submarine and five other warships from the
Most bank-to-bank loan rates fell on Thursday in the wake of more drastic steps by central banks to provide funds, improve bank balance sheets and open up credit lines to cash-strapped institutions. In the United States, data showed the critical commercia
A suicide bomber in the wee hours of Thursday rammed an explosive laden car into Mingora Police Station killing four persons and injuring 29 others. The blast also damaged building of the Mingora Press Club, offices of Daily Aazadi, Khyber News, Samma TV
Iran blamed the United States on Thursday for triggering global financial meltdown, saying the "hegemonic" nature of the US economy affected other economies. Speaking on the sidelines of a conference in Kazakhstan, Iranian Foreign Minister Manouchehr Mott
A suicide bomber in the wee hours of Thursday rammed an explosive laden car into Mingora Police Station killing four persons and injuring 29 others. The blast also damaged building of the Mingora Press Club, offices of Daily Aazadi, Khyber News, Samma TV
US authorities have opened a wide-ranging probe into the collapse of Washington Mutual, the giant thrift that became one of the largest to fail as a result of the housing and credit crisis. A statement issued Wednesday by US Attorney Jeffrey Sullivan in S
American drone on Thursday fired missiles in South Waziristan tribal region, killing six people and injuring five others, witnesses said. At least three missiles hit two houses of tribesmen in Saam Sagharzai area in Ladha, they said. The fresh attack came
Citigroup Inc, battered by the global credit crisis, posted its fourth straight quarterly loss on Thursday, hurt by more than $13 billion of credit costs and write-downs tied to complex and low-quality debt. The bank said it was making good progress on sh
American drone on Thursday fired missiles in South Waziristan tribal region, killing six people and injuring five others, witnesses said. At least three missiles hit two houses of tribesmen in Saam Sagharzai area in Ladha, they said. The fresh attack came