Planning Commission officials told Prime Minister Yousaf Raza Gilani in detailed briefing on Friday that Pakistan has been facing serious energy crisis, but no major efforts have been made to improve electricity generation. They said that the country requ
Planning Commission officials told Prime Minister Yousaf Raza Gilani in detailed briefing on Friday that Pakistan has been facing serious energy crisis, but no major efforts have been made to improve electricity generation. They said that the country requ
Planning Commission officials told Prime Minister Yousaf Raza Gilani in detailed briefing on Friday that Pakistan has been facing serious energy crisis, but no major efforts have been made to improve electricity generation. They said that the country requ
The Federal Board of Revenue has admitted that the Alternative Dispute Resolution Committees (ADRC) as well as the department is not following the time limit for processing of applications filed by taxpayers to resolve tax-related disputes. According to a
The Federal Board of Revenue has admitted that the Alternative Dispute Resolution Committees (ADRC) as well as the department is not following the time limit for processing of applications filed by taxpayers to resolve tax-related disputes. According to a
The Federal Board of Revenue has admitted that the Alternative Dispute Resolution Committees (ADRC) as well as the department is not following the time limit for processing of applications filed by taxpayers to resolve tax-related disputes. According to a
The world''s richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession. Italy''s Finance Minister called for a "new world economic order" as
The world's richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession. Italy's Finance Minister called for a "new world economic order" as he
The world's richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession. Italy's Finance Minister called for a "new world economic order" as he
Pakistan may ask India for custody of the only gunman to survive the Mumbai attacks to strengthen its prosecution of those behind the assault, Rehman Malik, adviser to the Prime Minister on the interior said on Saturday. "If investigators recommend it and
Pakistan may ask India for custody of the only gunman to survive the Mumbai attacks to strengthen its prosecution of those behind the assault, Rehman Malik, adviser to the Prime Minister on the interior said on Saturday. "If investigators recommend it and
Australian Foreign Minister Stephen Smith will visit Pakistan from February 16-18 and would hold high level meetings with Pakistani authorities. It will be the first high-level visit from Australia after Prime Minister John Howard who visited Pakistan in
Luo Zhaohui, Chinese ambassador to Pakistan on Saturday said that China is utilising all efforts to defuse the ongoing tension between India and Pakistan after Mumbai terrorist attacks to avert any possible war in the region. "Pakistan adopted positive ap
The United Nations said on Saturday it wanted direct contact with the kidnappers of John Solecki, head of the office of the United Nations High Commissioner for Refugees (UNHCR) in Quetta, to try to secure his release. Solecki was kidnapped on February 2
US President Barack Obama's envoy to Afghanistan and Pakistan met Hamid Karzai on Saturday, the first direct contact between the Afghan president and the new administration that has distanced itself from him. Once a darling of the Bush administration, Kar
US President Barack Obama's envoy to Afghanistan and Pakistan met Hamid Karzai on Saturday, the first direct contact between the Afghan president and the new administration that has distanced itself from him. Once a darling of the Bush administration, Kar
Volkswagen Chief Executive Martin Winterkorn criticised a French government auto sector rescue plan on Saturday as protectionist after German political leaders warned in parliament of a growing threat to free trade.
German police clashed with left-wing opponents of a march by about 6,000 rightists on Saturday marking the anniversary of the Allied bombing of Dresden during World War Two. A police spokesman said the leftists tipped over two police vehicles and threw bo
A computer virus which has already hit defence computers in Britain and France has spread to German military systems, the Defence Ministry in Berlin said Saturday.The Conficker computer worm has exasperated computer users right around the globe in recent
Uzbekistan's economic growth slowed slightly last year to 9 percent, propped up by strong expansion in the service sector and in industrial output, the government said in a statement on Saturday. "Industrial production grew by 12.7 percent, agricultural p
Iran plans to offer 5 percent of Bank Mellat to private investors on February 18, a Tehran Stock Exchange official said on Saturday, in the Islamic Republic's first part-privatisation of a state-owned bank. The official, who declined to be identified, sai
The rupee continued its slide against dollar on the interbank market at the weekend, losing 10 paisa for buying and selling at 79.70 and 79.75, dealers said. Rising demand for dollar did not allow the rupee to hold it's obtaining levels, they said. In the
Pakistan on Saturday denied the presence of any foreign bases on its soil and said recent comments by a US senator about the drones operating from within the country were not a revelation but based solely on news reports as also clearly stated by the spok
The rupee continued its slide against dollar on the interbank market at the weekend, losing 10 paisa for buying and selling at 79.70 and 79.75, dealers said. Rising demand for dollar did not allow the rupee to hold it's obtaining levels, they said. In the
Energy powers Iran and Turkmenistan agreed to increase co-operation in the gas sector on Saturday, Iranian media reported during an official visit by Turkmen leader Kurbanguly Berdymukhamedov to Tehran. Berdymukhamedov said Turkmenistan, Central Asia's bi
A suspected US missile strike destroyed a major Taliban training camp here on Saturday, killing at least 30 mainly al Qaeda foreign operatives, security officials said. Two missiles fired by an unmanned drone struck the camp of top Taliban commander Baitu
A suspected US missile strike destroyed a major Taliban training camp here on Saturday, killing at least 30 mainly al Qaeda foreign operatives, security officials said. Two missiles fired by an unmanned drone struck the camp of top Taliban commander Baitu
Through an ordinance, the federal government on Saturday reinstated about 7,724 employees hired between November, 1993 - November, 1996 and sacked from November 1996 to December 1998. All the reinstated employees will be paid compensation equivalent to th
Through an ordinance, the federal government on Saturday reinstated about 7,724 employees hired between November, 1993 - November, 1996 and sacked from November 1996 to December 1998. All the reinstated employees will be paid compensation equivalent to th
President Asif Ali Zardari has acknowledged in a television interview the Taliban is present "in huge amounts" of the country and Pakistani forces are "fighting for the survival of Pakistan." In an interview to be aired on Sunday on CBS television's "60 M
President Asif Ali Zardari has acknowledged in a television interview the Taliban is present "in huge amounts" of the country and Pakistani forces are "fighting for the survival of Pakistan." In an interview to be aired on Sunday on CBS television's "60 M
United Nations Secretary General Ban Ki-moon telephoned President Asif Ali Zardari, here Saturday night and emphasised the need for early release of the kidnapped UN official John Solecki, chief of UN High Commission for Refugees. The Secretary General al
United Nations Secretary General Ban Ki-moon telephoned President Asif Ali Zardari, here Saturday night and emphasised the need for early release of the kidnapped UN official John Solecki, chief of UN High Commission for Refugees. The Secretary General al
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
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
ICE Canadian canola futures ended lower on Friday, following losses in soyabean futures. March canola closed down $5.00 at $423 per tonne on a volume of 9,599 lots, and May ended down $4.80 at $431.20 on a volume of 7,237. Canola remained underpinned by g
Sliding trend was seen on the grain market on Saturday as most of the buyers were not interested in the new purchasing due to unusual rise in the rates during the last sessions, dealers said. On the cereal side wheat old and new (Bardana) were sharply low
Subdued business was seen on the cotton market on Saturday as mills kept on the sidelines in anticipation of more decline in the rates, dealers said. The official spot rate was unchanged at Rs 3400, they said. The phutti prices in both the Punjab and Sind
Thai Rubber Latex Corp PCL, Thailand's biggest latex exporter, expects to show a net profit of 150 million baht ($4.3 million) in 2009 thanks to healthy demand from the medical sector, the company's CEO said on Tuesday. That would be a turnaround from the
US copper futures eked out a modest gain by the close on Friday, with a government plan to stabilise the housing market helping to fuel a short-covering bounce ahead of a long holiday weekend. US commodity markets will close on Monday for the US President
US gold futures ended lower Friday on pre-weekend profit-taking after the recent sharp rally, even as investment buying continued to rise in bullion-backed exchange-traded funds amid financial uncertainties.
A 20 percent jump in copper imports in December from the previous month was not nearly enough to push imports into the plus column for 2008, which saw the global recession slash imports by 13 percent. Data from the United States International Trade Commis
US rough rice futures on the Chicago Board of Trade closed higher on Thursday, with the new-crop months gaining on the nearby for the second straight day, traders said. Rice was due for bounce, recovering from its big sell-off on Tuesday after USDA issued
The world's refined sugar market will go into deficit as the European Union becomes a major importer due to market reforms and as India shifts from being a net exporter to importer, a senior analyst said on Monday. The EU, which used to heavily subsidise
Arabica coffee settled up a shade Friday, in choppy dealings of position rolling and long liquidation out of the spot contract ahead of first notice day February 19, traders said. The market will close for the Presidents Day holiday Monday, February 16, r
Raw sugar futures settled firmer Friday on brisk late investor buying before a holiday break as the market appears well supported by expected consumer buying in south Asia, brokers said. The raw sugar market will shut Monday for US Presidents Day. Trading
Malaysia, one of the world's top rice importers, will see purchases tumble by 40 percent to 600,000 tonnes this year as it cranks up domestic production and maintains its ample stockpile, a senior minister said on Friday.
US growers will plant 8.107 million acres (3.28 million hectares) of cotton this year, said a widely followed survey of growers by the industry group National Cotton Council on Friday. The survey indicated a cotton crop of 12.76 million bales compared wit
Chinese buyers purchased up to 2,500 tonnes of rubber from Indonesia to replenish stocks but turned their backs on Thai grades after tight supplies lifted prices, dealers said on Wednesday.
New York crude oil prices sank this week as data revealed a large jump in US energy stockpiles and top industry bodies forecast falling demand because of the global economic slowdown. However, prices recovered somewhat on Friday heading into a three-day h
The United States and other countries have a chance to fill a shortfall in wheat imports to Brazil, which will be importing less from Argentina because of a drought impacting the country, according to a US Agriculture Department attacche report released o
Export prices for US soyabeans, corn and wheat shipped from the Gulf of Mexico ended the week lower due to a retreat in futures prices, traders said. Soyabean export sales were routine, with China taking a few cargoes but less than last week.
The Karachi Port handled 101,695 tonnes of cargo including 67,020 tonnes of import and 34,675 tonnes of export, 2,340 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The freights comprised of 35,695 tonnes of dry
US corn futures on the Chicago Board of Trade ended lower on Friday, slipping late as the weakness in soya spelled over to corn ahead of the long holiday weekend, traders said. CBOT markets will be closed until Monday for US President's holiday, reopening
US wheat futures fell on Friday on spillover pressure from a drop in the soyabean market, traders said. The Chicago Board of Trade March soft red winter wheat futures contract closed down 3-1/4 cents at $5.35-1/2 a bushel while the May contract dropped 3-
Oil production at Iran's offshore Abuzar field has declined by 40,000 barrels per day (bpd) due a gas leak that started two weeks ago, a senior official was quoted as saying on Saturday. Ghodratollah Larijani, director of planning at Iran Offshore Oil Com
Iran's Opec governor said the oil producing organisation in January met 70 percent of its pledge to reduce output and that this was very good, the official IRNA news agency reported on Saturday. Mohammad Ali Khatibi also said the 12-member Organisation of
Mortgage finance companies Fannie Mae and Freddie Mac will suspend mortgage foreclosures and evictions through early March as President Barack Obama prepares to announce a housing rescue plan next week, the companies said on Friday. On Wednesday, Obama is
US bank regulators closed four small banks in Florida, Illinois, Nebraska and Oregon on Friday, bringing the number of bank failures to 13 so far this year. In 2008, 25 banks were seized by officials, up from only 3 in 2007. The Federal Deposit Insurance
The International Monetary Fund and the world's big development banks warned on Friday that emerging and developing countries that lack deep pockets to protect themselves against the crushing impact of a global financial crisis may need help soon.
US President Barack Obama on Saturday hailed congressional approval of a $787 billion economic stimulus bill as a "major milestone on our road to recovery" and vowed to move swiftly to set the plan in motion. "I will sign this legislation into law shortly
Singapore is setting up a migrant workers centre to help foreign workers who are in disputes with their employers and are at times left stranded without wages, food and shelter, a news report said Saturday.The centre, to be opened by April, is to be guide
Morgan Stanley and Citigroup Inc are preparing to pay $3 billion of retention awards to brokers to keep them from fleeing a brokerage joint venture, the Wall Street Journal said on Friday, citing people familiar with the matter. Terms are not expected unt
Part-nationalised Lloyds Banking Group said its HBOS unit made a hefty loss last year due to a bigger-than-expected rise in bad loans, wiping a third off its value and raising fears more state help will be needed. HBOS had a pretax loss of 8.5 billion pou
Visiting Chinese President Hu Jintao's delegation has signed loan and aid deals worth $90 million with Senegal, state media in the West African country reported on Saturday. Hu is in Senegal on the second leg of a four-nation African tour seen as an effor