Pakistan Muslim League-N Quaid Mian Nawaz Sharif on Tuesday said that his party will put all its weight behind prime minister in case of presidency's reluctance to scrap presidential powers. "In case of any tussle between prime minister and president rega
Banks are reluctant to provide profit and debt statements and information pertaining to salaries of their employees to Large Taxpayers Unit (LTU), Karachi. This information was required to monitor withholding tax as per instructions of Federal Board of Re
Banks are reluctant to provide profit and debt statements and information pertaining to salaries of their employees to Large Taxpayers Unit (LTU), Karachi. This information was required to monitor withholding tax as per instructions of Federal Board of Re
Banks are reluctant to provide profit and debt statements and information pertaining to salaries of their employees to Large Taxpayers Unit (LTU), Karachi. This information was required to monitor withholding tax as per instructions of Federal Board of Re
Attock Petroleum Limited (APL) has accused Pakistan Electric Power Company (Pepco) of giving preference to its (APL) competitors in the clearance of outstanding dues, sources told Business Recorder. They said that one of the company''s Assistant Ge
Attock Petroleum Limited (APL) has accused Pakistan Electric Power Company (Pepco) of giving preference to its (APL) competitors in the clearance of outstanding dues, sources told Business Recorder. They said that one of the company's Assistant Gen
Attock Petroleum Limited (APL) has accused Pakistan Electric Power Company (Pepco) of giving preference to its (APL) competitors in the clearance of outstanding dues, sources told Business Recorder. They said that one of the company's Assistant Gen
Sugar prices have shot up incredibly in the market during last 10 days or so, as a result of defective policy of the Trading Corporation of Pakistan (TCP), according to market analysts here. The commodity, which was available at Rs 36 per kg until a few d
Sugar prices have shot up incredibly in the market during last 10 days or so, as a result of defective policy of the Trading Corporation of Pakistan (TCP), according to market analysts here. The commodity, which was available at Rs 36 per kg until a few d
Sugar prices have shot up incredibly in the market during last 10 days or so, as a result of defective policy of the Trading Corporation of Pakistan (TCP), according to market analysts here. The commodity, which was available at Rs 36 per kg until a few d
Federal Minister for Industries and Production, Mian Manzoor Ahmad Wattoo on Tuesday said that foreign investors would be facilitated to establish fertiliser plants in the country. "There is need to establish fertiliser plants in Pakistan and the governme
Federal Minister for Industries and Production, Mian Manzoor Ahmad Wattoo on Tuesday said that foreign investors would be facilitated to establish fertiliser plants in the country. "There is need to establish fertiliser plants in Pakistan and the governme
Federal Minister for Industries and Production, Mian Manzoor Ahmad Wattoo on Tuesday said that foreign investors would be facilitated to establish fertiliser plants in the country. "There is need to establish fertiliser plants in Pakistan and the governme
There was no military build-up by Pakistan on the borders, said Indian Army's Western Commander Lieutenant General T K Sapru on Tuesday. It only seems like routine movements and exercise-related relocation of troops by Pakistan and not a build-up. But we
There was no military build-up by Pakistan on the borders, said Indian Army's Western Commander Lieutenant General T K Sapru on Tuesday. It only seems like routine movements and exercise-related relocation of troops by Pakistan and not a build-up. But we
Pakistan''s overseas workers sent record $673.50 million remittances in December 2008, surpassing $660.35 million in September 2008, and showing an increase of $194.24 million, or 40.53 percent During July-December 2008, the country received $3.640 billio
Pakistan's overseas workers sent record $673.50 million remittances in December 2008, surpassing $660.35 million in September 2008, and showing an increase of $194.24 million, or 40.53 percent During July-December 2008, the country received $3.640 billion
Pakistan's overseas workers sent record $673.50 million remittances in December 2008, surpassing $660.35 million in September 2008, and showing an increase of $194.24 million, or 40.53 percent During July-December 2008, the country received $3.640 billion
Ten suspected Islamic militants went on trial Tuesday in an Indonesian court for allegedly killing a Christian schoolteacher and plotting to bomb a cafe. The defendants, including a Singaporean who allegedly met al Qaida leader Osama bin Laden, face sente
Ten suspected Islamic militants went on trial Tuesday in an Indonesian court for allegedly killing a Christian schoolteacher and plotting to bomb a cafe. The defendants, including a Singaporean who allegedly met al Qaida leader Osama bin Laden, face sente
A baby girl delivered by British doctors two days after her mother was declared clinically dead from a brain haemorrhage has been named Aya, which means miracle in Arabic, her father told a British newspaper Tuesday.Doctors at the John Radcliffe hospital
A baby girl delivered by British doctors two days after her mother was declared clinically dead from a brain haemorrhage has been named Aya, which means miracle in Arabic, her father told a British newspaper Tuesday.Doctors at the John Radcliffe hospital
The Federal Board of Revenue is working on implementation of new value-added tax under the International Monetary Fund (IMF) conditionalities to substitute the general sales tax that could result in withdrawal of zero-rated facility provided to the five e
Money supply during FY09 accelerated to Rs 59 billion on December 27 after contracting to Rs 28 billion a week ago on December 20, 2008, according to latest SBP monetary update which became available on SBP website world-wide on January 13, 2009.
Money supply during FY09 accelerated to Rs 59 billion on December 27 after contracting to Rs 28 billion a week ago on December 20, 2008, according to latest SBP monetary update which became available on SBP website world-wide on January 13, 2009.
Money supply during FY09 accelerated to Rs 59 billion on December 27 after contracting to Rs 28 billion a week ago on December 20, 2008, according to latest SBP monetary update which became available on SBP website world-wide on January 13, 2009.
Incoming President Barack Obama must step up ways to stop secret nuclear trade involving Pakistan, Iran and North Korea that goes far beyond an AQ Khan network that may still be active, experts say. In the Bush administration's waning days, the State Depa
Incoming President Barack Obama must step up ways to stop secret nuclear trade involving Pakistan, Iran and North Korea that goes far beyond an AQ Khan network that may still be active, experts say. In the Bush administration's waning days, the State Depa
President Asif Ali Zardari hosted a lunch in honour of Dr R.K Pachauri, DG Tata Energy Research Institute (Teri) University, New Delhi, in Presidency on Tuesday.
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
Taliban militants shot dead an Afghan national in tribal belt after accusing him of spying for the United States, a local official said Tuesday. Militants have killed dozens of local tribesmen and Afghan refugees on allegations of spying for mainly the Pa
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
Chashma Nuclear Power Plant (Chashnup) would be on bar from January 16, a day before the date originally set for its functioning. Resumption of Chashnup would add 300 MW electricity to the system, brining down the existing power shortage of 1700 MW to 140
President-elect Barack Obama intends to sign off on Pentagon plans to send up to 30,000 more US troops to Afghanistan to gain time to review the conflict, the Washington Post reported Tuesday. The new deployments would nearly double the current US force i
The World Bank (WB) has asked the Federal Board of Revenue (FBR) to examine the possibility of levying withholding tax on withdrawal of foreign currency from banks in Pakistan. Sources told Business Recorder on Tuesday that the issue was discussed
The World Bank (WB) has asked the Federal Board of Revenue (FBR) to examine the possibility of levying withholding tax on withdrawal of foreign currency from banks in Pakistan. Sources told Business Recorder on Tuesday that the issue was discussed
The World Bank (WB) has asked the Federal Board of Revenue (FBR) to examine the possibility of levying withholding tax on withdrawal of foreign currency from banks in Pakistan. Sources told Business Recorder on Tuesday that the issue was discussed
A Saudi Arabian state buyer has bought at least 385,000 tonnes of hard wheat from Canada in a tender which closed on Friday, European traders said on Tuesday. Some traders said about 420,000 tonnes was bought. Seven shiploads of 55,000 to 60,000 were said
Foreign exchange reserves rose by $3.6 billion on January 9, 2009 as compared to November 25, 2008. At present, reserves are estimated at $10 billion. The additional amount can be mainly attributed to the $3.1 billion first tranche released by IMF on Nove
The Karachi Port handled 95,826 tonnes of cargo including 59,103 tonnes of import and 36,723 tonnes of export, 3,686 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday.
Foreign exchange reserves rose by $3.6 billion on January 9, 2009 as compared to November 25, 2008. At present, reserves are estimated at $10 billion. The additional amount can be mainly attributed to the $3.1 billion first tranche released by IMF on Nove
Kenya's coffee auction sales fell 26 percent in the 2007/08 (October-September) crop to 39.5 million kg from 53.4 million, on low output following bad weather and disease, according to the Nairobi Coffee Exchange (NCE). Earnings, however, fell by a lower
Foreign exchange reserves rose by $3.6 billion on January 9, 2009 as compared to November 25, 2008. At present, reserves are estimated at $10 billion. The additional amount can be mainly attributed to the $3.1 billion first tranche released by IMF on Nove
US wheat futures plunged close to their 60-cent-per-bushel daily trading limits on Monday, after a US Agriculture Department report estimated 2008/09 end stocks were bigger than expected, traders said. Chicago Board of Trade March wheat futures settled do
The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday imposed 25 percent regulatory duty (RD) on import of potatoes from India, removed RD on capital goods to be imported by investors, and allowed the Industries Ministry to sign revised Let
India is likely to import more soyoil and export less soymeal in coming months following a poor soybean crop, Hamburg-based oilseeds analysts Oil World said on Tuesday. Oil World has lowered its estimate of India's 2008 soybean crop to 9.0 million tonnes
The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday imposed 25 percent regulatory duty (RD) on import of potatoes from India, removed RD on capital goods to be imported by investors, and allowed the Industries Ministry to sign revised Let
US Midwest spot corn and soybean basis bids were mostly steady to weak on Monday, with many locations posting protection following limit-down moves in futures to guard against further declines, grain dealers said. Dealers said they were taking 7 to 12 cen
The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday imposed 25 percent regulatory duty (RD) on import of potatoes from India, removed RD on capital goods to be imported by investors, and allowed the Industries Ministry to sign revised Let
Prices maintained firm posture on cotton market on Tuesday despite continued fall in the NY cotton futures, dealers said. The official spot rate was unchanged at Rs 3200, they said. Phutti prices in both Punjab and Sindh were at Rs 1600-1750, they added.
Pakistan has missed an opportunity to export rice worth $300 million as it could not participate in three different tenders of 0.750 million tons rice in international markets due to high prices, sources said. Pakistani rice was offered higher by $29 to $
Pakistan has missed an opportunity to export rice worth $300 million as it could not participate in three different tenders of 0.750 million tons rice in international markets due to high prices, sources said. Pakistani rice was offered higher by $29 to $
ICE Canadian canola futures ended sharply lower on Monday, pressured by limit losses in soybean futures, traders said. Prices were underpinned by routine exporter buying, and weakness in the Canadian dollar. Most of the volume was in flat price spread. Th
Pakistan has missed an opportunity to export rice worth $300 million as it could not participate in three different tenders of 0.750 million tons rice in international markets due to high prices, sources said. Pakistani rice was offered higher by $29 to $
The average price of Bangladesh teas rose 1.55 percent to 125.15 taka ($1.82) per kg at the weekly auction on Tuesday, brokers said. Nearly 1.32 million kg were sold at 125.15 taka per kg on average, up 1.91 taka from the last sale. The withdrawal percent
The Federal Board of Revenue (FBR) has met International Monetary Fund (IMF) condition as stated in Pakistan''s letter of intent (LoI) of November 20 2008 to merge income and sales tax administration through co-location of income and sales tax under one r
US copper futures lost more than 4 percent of their value by the close on Monday as investors turned bearish after reports of a possible suspension of planned copper purchases from China's State Reserves Bureau. Copper for March delivery shed 7.10 cents,
The Federal Board of Revenue (FBR) has met International Monetary Fund (IMF) condition as stated in Pakistan's letter of intent (LoI) of November 20 2008 to merge income and sales tax administration through co-location of income and sales tax under one ro
Copper fell by its daily limit in Shanghai on Tuesday, following a 4.4 percent overnight fall in London prices, after a source said China's State Reserves Bureau was in no rush to restart its suspended copper buying programme.
The Federal Board of Revenue (FBR) has met International Monetary Fund (IMF) condition as stated in Pakistan's letter of intent (LoI) of November 20 2008 to merge income and sales tax administration through co-location of income and sales tax under one ro
US rough rice futures on the Chicago Board of Trade fell to a one-month low on Monday amid spillover selling from the other grains, with the back months diving the 50-cent limit, traders said. Corn, wheat and soy fell their respective trading limits, reac
On Tuesday, BRIndex30 opened at 5,245.10 in the negative zone but soon went up and remained in the green till market closure. It closed at 5,337.08 with a net positive change of 88.22 points and percentage change of 1.68. It experienced intra-day high of
Key Tokyo rubber futures fell more than 6 percent on Tuesday, tracking a slide in oil prices that outweighed a Thai government plan to shore up rubber prices. By 0035 GMT, the key Tokyo Commodity Exchange rubber contract for June delivery fell as low as 1
On Tuesday, BRIndex30 opened at 5,245.10 in the negative zone but soon went up and remained in the green till market closure. It closed at 5,337.08 with a net positive change of 88.22 points and percentage change of 1.68. It experienced intra-day high of
Raw sugar futures closed lower Monday on late investor sales as the dollar rose and worries over the deepening economic slowdown depressed sentiment, traders said. The key March raw sugar contract dropped 0.58 cent, or 4.81 percent, to finish at 11.47 cen
Karachi share market on Tuesday witnessed selling pressure in the early hours and the KSE-100 index hit 5,929.90 points intra-day low level, down by 111.54 points. However, the NIT announcement to start buying through State Enterprise Fund invited fresh b