The country's liquid foreign exchange reserves rose by over 244 million dollars during last week. The State Bank of Pakistan statistics show that overall foreign exchange reserves registered an increase of 244.6 million dollars during the week that ended
The country's liquid foreign exchange reserves rose by over 244 million dollars during last week. The State Bank of Pakistan statistics show that overall foreign exchange reserves registered an increase of 244.6 million dollars during the week that ended
Advisor to the Prime Minister on Finance, Revenue and Statistics Shaukat Tarin on Thursday said that Pakistan needs to have an equitable, simple and transparent tax system executed in professional manner. He said it should be a broad-based tax system admi
Advisor to the Prime Minister on Finance, Revenue and Statistics Shaukat Tarin on Thursday said that Pakistan needs to have an equitable, simple and transparent tax system executed in professional manner. He said it should be a broad-based tax system admi
Advisor to the Prime Minister on Finance, Revenue and Statistics Shaukat Tarin on Thursday said that Pakistan needs to have an equitable, simple and transparent tax system executed in professional manner. He said it should be a broad-based tax system admi
US Defence Secretary Robert Gates has ordered aides to prepare a plan for closing the Guantanamo prison, a declared priority for president-elect Barack Obama, a Pentagon spokesman said Thursday. Gates wanted to be prepared in case Obama decides to take ac
US Defence Secretary Robert Gates has ordered aides to prepare a plan for closing the Guantanamo prison, a declared priority for president-elect Barack Obama, a Pentagon spokesman said Thursday. Gates wanted to be prepared in case Obama decides to take ac
The Competition Commission of Pakistan (CCP) has granted stay order to Institute of Chartered Accountants of Pakistan (ICAP) against the imposition of huge penalty for not withdrawing Auditing Technical Release (ATR-14) circular.
The Competition Commission of Pakistan (CCP) has granted stay order to Institute of Chartered Accountants of Pakistan (ICAP) against the imposition of huge penalty for not withdrawing Auditing Technical Release (ATR-14) circular.
The Competition Commission of Pakistan (CCP) has granted stay order to Institute of Chartered Accountants of Pakistan (ICAP) against the imposition of huge penalty for not withdrawing Auditing Technical Release (ATR-14) circular.
Public Accounts Committee (PAC) Chairman Chaudhry Nisar Ali Khan has termed the discretionary powers of President and Prime Minister as main cause of socio-economic problems of the country. The discretionary powers of President and Prime Minister have cau
United States of America (USA) on Thursday sanctioned 48 million dollars to provide 200,000-250,000 tons of wheat to Pakistan on deferred payment. Trading Corporation of Pakistan (TCP) will float tender on Friday to import the said wheat from the USA on d
United States of America (USA) on Thursday sanctioned 48 million dollars to provide 200,000-250,000 tons of wheat to Pakistan on deferred payment. Trading Corporation of Pakistan (TCP) will float tender on Friday to import the said wheat from the USA on d
United States of America (USA) on Thursday sanctioned 48 million dollars to provide 200,000-250,000 tons of wheat to Pakistan on deferred payment. Trading Corporation of Pakistan (TCP) will float tender on Friday to import the said wheat from the USA on d
Pakistan Workers Foundation (PWF) has demanded of the government to bring comprehensive amendments to the "Industrial Relations Act, 2008" for giving maximum protection to the workers in Pakistan. This was demanded in a press conference at the Capital Dev
Two British Muslims were convicted Thursday of being members of the al Qaeda terror network, including one who was reportedly deported from Pakistan. Taxi driver Habib Ahmed, 29, was found in possession of two diaries containing details of top al Qaeda op
An election tribunal headed by a judge of the Lahore High Court postponed till January 20 the hearing for framing issues in an election petition of the PML-Q President, Chawdhry Shujaat Hussain against the Federal Defence Minister, Ahmad Mukhtar. Shujaat
A divisional bench of Lahore High Court turned down a petition requesting to restrain the Chairman, Punjab Services Tribunal (PST) and Punjab Ombudsman from working adjourned the proceedings till December 22 as the Attorney General of Pakistan sought time
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 18, 2008).
Attorney General Pakistan Sardar Latif Khan Khosa has said the federal government would not withdraw its appeal against the disqualification of PML-N Chief Mian Nawaz Sharif. Replying to reporters' queries after appearing before a division bench of the La
Former Deputy Attorney General (DAG) of Pakistan Raja Abdul Rehman on Thursday denied having any contact with PML-N chief Nawaz Sharif offering him a favourable decision in his disqualification case pending in Supreme Court.
The Lahore High Court on Thursday adjourned to December 22 the hearing in some identical petitions, challenging the tariff increase by National Electric Power Regulatory Authority (Nepra) and extended the stay against the tariff in question till next date
The Lahore High Court on Thursday adjourned to December 22 the hearing in some identical petitions, challenging the tariff increase by National Electric Power Regulatory Authority (Nepra) and extended the stay against the tariff in question till next date
The Lahore High Court on Thursday adjourned to December 22 the hearing in some identical petitions, challenging the tariff increase by National Electric Power Regulatory Authority (Nepra) and extended the stay against the tariff in question till next date
General David Petraeus, commander of US forces in Iraq and Afghanistan, has told his troops that despite progress on both fronts, the United States and its allies face a tough fight in the year ahead.
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
Indian broadcasters unveiled Thursday a new set of rules on covering live events after accusations that television news channels may have unintentionally aided militants during the Mumbai attacks. The guidelines ban broadcasting of footage that could reve
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
Indian broadcasters unveiled Thursday a new set of rules on covering live events after accusations that television news channels may have unintentionally aided militants during the Mumbai attacks. The guidelines ban broadcasting of footage that could reve
The European Central Bank said Thursday that it would keep providing unlimited amounts of cash in operations that underpin eurozone lending at fixed rates aimed at unblocking key interbank markets. The ECB also planned on January 21 to reset the margins o
The European Central Bank said Thursday that it would keep providing unlimited amounts of cash in operations that underpin eurozone lending at fixed rates aimed at unblocking key interbank markets. The ECB also planned on January 21 to reset the margins o
The European Central Bank said Thursday that it would keep providing unlimited amounts of cash in operations that underpin eurozone lending at fixed rates aimed at unblocking key interbank markets. The ECB also planned on January 21 to reset the margins o
India successfully tested a supersonic cruise missile from a moving ship for the first time on Thursday, in what officials said was a major boost for the South Asian nation's defence capabilities. The launch comes at a time of heightened tension between n
The Karachi Port handled 117,138 tonnes of cargo including 94,621 tonnes of import, 22,517 tonnes of export, 4,860 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.
India successfully tested a supersonic cruise missile from a moving ship for the first time on Thursday, in what officials said was a major boost for the South Asian nation's defence capabilities. The launch comes at a time of heightened tension between n
US wheat futures closed higher on Wednesday as a falling dollar, a cold snap in the US Plains and a good export tender line-up boosted prices. Chicago Board of Trade soft red winter wheat closed unchanged to 17 cents per bushel higher, with March up 13-1/
Karachi Electric Supply Company (KESC) owes Rs 1.9 billion to the power distribution companies, said Advisor to the Prime Minister on Petroleum and Natural Resources Dr Asim in the Lower House here on Thursday. He was responding to a calling attention not
ICE Canadian canola futures ended lower on Wednesday, tempered by a stronger Canadian dollar, traders said. January canola ended down 60 at $386.80 per tonne on a volume of 3,859 contracts. March fell 40 cents to $393.80, with 5,100 contracts traded.
Karachi Electric Supply Company (KESC) owes Rs 1.9 billion to the power distribution companies, said Advisor to the Prime Minister on Petroleum and Natural Resources Dr Asim in the Lower House here on Thursday. He was responding to a calling attention not
Indian January sugar futures rose on Thursday, following a drop in output in a leading producing state. The market was also underpinned by last week's court ruling in favour of higher cane prices for farmers. At 3:24 pm (0954 GMT), the January contract ro
Karachi Electric Supply Company (KESC) owes Rs 1.9 billion to the power distribution companies, said Advisor to the Prime Minister on Petroleum and Natural Resources Dr Asim in the Lower House here on Thursday. He was responding to a calling attention not
US corn futures on the Chicago Board of Trade slipped on Wednesday as traders took profits after corn hit a six-week top early in the session. Corn rallied more than many analysts and traders expected during the past week, given outlooks for US corn stock
China has approved in principle a plan to boost domestic demand and infrastructure in its southern export region, which has been savaged by the global financial crisis, state media reported on Thursday.
Spot corn and soybean basis bids were mostly steady to firm around the US Midwest on Wednesday amid sluggish country movement, while wheat basis bids were unchanged, grain merchants said. Firm demand from exporters at the Gulf helped underpin soy bids at
POSCO plans to trim steel production by around 10 percent temporarily, its first ever output cut, as inventories rise and demand from auto and home appliance makers tumbles. The move by the world's No 4 steelmaker, which until now had refused to join glob
Fresh rains in the country slowed down business activity on the cotton market on Thursday amid release of Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said. The official spot rate was unchanged at Rs 2850, they said. -The phutti
Mexico is joining a trade dispute launched by Canada against the United States over new US rules requiring country-of-origin labels on meat sold in the United States, a Mexican diplomat said on Thursday. Mexico submitted a request for consultations with t
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show healthy signs amid decrease in index. ISE Ten Index was down by 71.46 points, as the index moved from 1,730.54 to 1,659.08 points. The volume of trade expa
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show healthy signs amid decrease in index. ISE Ten Index was down by 71.46 points, as the index moved from 1,730.54 to 1,659.08 points. The volume of trade expa
Cotton trading became tardy since the beginning of this week due to various reasons of both domestic and external import. Year end demanding closing adjustments with the banks, recent rainfalls in the cotton belt in both Sindh and Punjab giving rise to fe
Bullish trend prevailed on the Lahore Stock Exchange (LSE) on Thursday and the equities showed strength amid slightly reduced transaction volume. However, the LSE-25 index kept on moving down to close at 2213.87 against 2337.36 of Wednesday denoting a dec
Cotton trading became tardy since the beginning of this week due to various reasons of both domestic and external import. Year end demanding closing adjustments with the banks, recent rainfalls in the cotton belt in both Sindh and Punjab giving rise to fe
Bullish trend prevailed on the Lahore Stock Exchange (LSE) on Thursday and the equities showed strength amid slightly reduced transaction volume. However, the LSE-25 index kept on moving down to close at 2213.87 against 2337.36 of Wednesday denoting a dec
US rough rice futures at the Chicago Board of Trade closed lower on Wednesday as traders took profits after prices hit a five-week high amid a weaker dollar. Falling Asian rice prices were bearish. January rice ended 13 cents lower at $14.98 per hundredwe
The country has missed the cotton production target for 2008-09 as it achieved 12.10 million bales against the target of 14.11 million bales. A meeting of the Cotton Crop Assessment Committee was informed here on Thursday that despite the strenuous effort
US copper futures dropped to a near-four-year low on Wednesday as concerns about the global economy and waning demand for industrial metals drove the bearish sentiment, while a weak dollar offered mild support. Copper for March delivery shed 0.55 cent to
The country has missed the cotton production target for 2008-09 as it achieved 12.10 million bales against the target of 14.11 million bales. A meeting of the Cotton Crop Assessment Committee was informed here on Thursday that despite the strenuous effort
Copper futures in Shanghai edged lower on Thursday, nearing recent 4-1/2 year lows, while London metal held steady following its overnight plunge to a four-year low on concerns about slowing demand and rising stocks. Sentiment was dominated by, weak data
The country has missed the cotton production target for 2008-09 as it achieved 12.10 million bales against the target of 14.11 million bales. A meeting of the Cotton Crop Assessment Committee was informed here on Thursday that despite the strenuous effort
Indian soyoil futures eased on Thursday as rival palm oil fell in Malaysia, but thin arrivals in the domestic market and firm sppot prices limited the losses At 2:30 pm (0900 GMT), January futures on the National Commodity and Derivatives Exchange were do
The Supreme Court on Thursday was asked to initiate contempt proceedings against former premier and PML-N chief Nawaz Sharif for portraying the apex court as bargain center. Shahid Orakzai filed the petition under Article 204 of the constitution making Na
Tokyo rubber futures slipped on Thursday as the stronger yen weighed on prices, but an agreement by top rubber producers to cut exports and a plan by Thailand's new government to shore up producer prices lent support. The benchmark rubber contract on the
The Supreme Court on Thursday was asked to initiate contempt proceedings against former premier and PML-N chief Nawaz Sharif for portraying the apex court as bargain center. Shahid Orakzai filed the petition under Article 204 of the constitution making Na
Raw sugar futures finished marginally higher on Wednesday in see-saw business and brokers said the market should stay range-bound amid slack investor and consumer interest. The key March raw sugar contract went up 0.06 cent to conclude at 11.73 cents per
On Thursday, BRIndex30 opened in the red zone at 7,493.85 and remained there for whole of the trading time, with a downward gap of 249.31 points. It closed at 7,323.67 with a net negative change of -419.49 points and percentage change of -5.42. It recorde
US soybean futures on the Chicago Board of Trade ended higher on Wednesday after prices seesawed throughout the session, with the weakness in the dollar pushing the market higher, traders said. Dry weather concerns in soy producer and exporter Argentina a
On Thursday, BRIndex30 opened in the red zone at 7,493.85 and remained there for whole of the trading time, with a downward gap of 249.31 points. It closed at 7,323.67 with a net negative change of -419.49 points and percentage change of -5.42. It recorde
Malaysian palm futures lost more than 2 percent on Thursday after crude oil hit its weakest level in more than four years despite Opec's biggest ever production cut. The benchmark March palm oil contract on the Bursa Malaysia's Derivatives Exchange droppe
Heavy selling pressure continued at the Karachi share market on the fourth consecutive day after the removal of the price floor and the benchmark KSE-100 index lost another 320.37 points to close at 7,785.26 points level on Thursday. The index has decline
Heavy selling pressure continued at the Karachi share market on the fourth consecutive day after the removal of the price floor and the benchmark KSE-100 index lost another 320.37 points to close at 7,785.26 points level on Thursday. The index has decline