The Minister for Water and Power, Pervez Ashraf, on Wednesday announced here that he would take stern action against those officials of the Alternative Energy Development Board (AEDB) who pocketed public money with great ease. The EADB has materialised a
The government will seek assistance from Friends of Democratic Pakistan (FODP) for three projects in water sector worth Rs 80.6 billion in a meeting to be held in Tokyo on April 17. It will also seek assistance for Railways "Rehabilitation of 400 Passenge
The government will seek assistance from Friends of Democratic Pakistan (FODP) for three projects in water sector worth Rs 80.6 billion in a meeting to be held in Tokyo on April 17. It will also seek assistance for Railways "Rehabilitation of 400 Passenge
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 government will seek assistance from Friends of Democratic Pakistan (FODP) for three projects in water sector worth Rs 80.6 billion in a meeting to be held in Tokyo on April 17. It will also seek assistance for Railways "Rehabilitation of 400 Passenge
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
Pakistani Taliban will not lay down their arms in Swat valley as part of a deal that included the introduction of sharia law but will take their "struggle" to new areas, a militant spokesman said on Wednesday. President Asif Ali Zardari, under pressure fr
Downtrend continued on Lahore Stock Exchange on Wednesday and extended losses amid descending transaction volume on account of profit taking, but fresh buying in select shares during last trading hour helped the market to partly recover early losses. The
The Minister for Water and Power, Pervez Ashraf, on Wednesday announced here that he would take stern action against those officials of the Alternative Energy Development Board (AEDB) who pocketed public money with great ease. The EADB has materialised a
The United Arab Emirates-based Crescent Petroleum is awaiting a response from Irans oil ministry on its proposed price hike on a gas export deal, the semi-official Fars news agency reported on Wednesday. The National Iranian Oil Co (NIOC) and Crescent Pet
Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where selling pressure in trend-setters moved the entire ready-board in downward direction amid decrease in index. ISE Ten Index was minus by 22.75 points, as the ISE Ten Index moved
Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where selling pressure in trend-setters moved the entire ready-board in downward direction amid decrease in index. ISE Ten Index was minus by 22.75 points, as the ISE Ten Index moved
US corn futures on the Chicago Board of Trade rose on Tuesday on spillover support from soyabeans, traders said. Buy-stops were triggered, escalating corn higher, traders said. May corn ended 6-3/4 cents higher at $3.94-1/4 a bushel. New-crop December clo
Indians vote Thursday in the worlds biggest-ever democratic elections, beginning a month of polling widely expected to leave this South Asian giant with a shaky coalition government as it deals with the global economic slump. In a nation of nearly 1.2 bil
Vietnams key coffee growing areas have reported defects involving black beans in 15 percent of their output, a record high, because of unseasonal rains, an industry official said. "The unseasonal rains falling during the harvesting time have worsened the
The government has awarded the contract of Lakhi-Naudero-Larkana section of road project worth Rs 1.925 billion to two companies Zarghoon and Ashraf D Baloch. The project work is divided into two portions that would be completed by these two companies. Th
Hard red winter wheat futures on the Kansas City Board of Trade settled lower on Tuesday, giving up early gains amid a round of profit-taking. Minneapolis wheat prices led wheat markets lower late on outlooks for improved spring wheat seeding weather in t
Pakistani Taliban will not lay down their arms in Swat valley as part of a deal that included the introduction of sharia law but will take their "struggle" to new areas, a militant spokesman said on Wednesday. President Asif Ali Zardari, under pressure fr
Spot basis bids for soyabeans were mixed around the US Midwest early on Tuesday amid light farmer selling, grain dealers said. Cash bids for corn held steady at most locations but the market had a firm tone due to slow country movement in recent days.
On Wednesday, the BRIndex30 opened at 7,457.57 points level, and closed at 7,470.07 with a net positive change of 22.13 points and percentage change of 0.30. It experienced intra-day high of 7,530.12 and low of 7,213.01. The volume amounted to 220,771,900
ICE Canadian canola closed at a two-month high Tuesday on an active trading day of almost 20,000 contracts, as farmers accelerated selling and found crushers and funds willing to buy, traders said. The buoyant Chicago Board of Trade soyabean complex is fu
On Wednesday, the BRIndex30 opened at 7,457.57 points level, and closed at 7,470.07 with a net positive change of 22.13 points and percentage change of 0.30. It experienced intra-day high of 7,530.12 and low of 7,213.01. The volume amounted to 220,771,900
The Karachi share market saw a volatile session on Wednesday as KSE-100 index oscillated between 7,885.67 points intra-day high and 7,607.07 points low before settling at 7,807.08 points with a net loss of 25.77 points. Trading was range-bound and the vol
Gur and khandsari prices were higher on the wholesale grain and seed market on Wednesday on demand and supply factor, dealers said. On the cereals side wheat old and new burdana (with bag) prices gained Rs 40 to Rs 2380-2395, sugar low type was down by Rs
The Karachi share market saw a volatile session on Wednesday as KSE-100 index oscillated between 7,885.67 points intra-day high and 7,607.07 points low before settling at 7,807.08 points with a net loss of 25.77 points. Trading was range-bound and the vol
Indian sugar futures dropped on Wednesday as traders booked profits after a 11 percent gain in the past month, but spot prices continued to rally on robust summer demand from beverage and ice-cream makers. "Profit-booking was there. Fundamentals are still
The Karachi share market saw a volatile session on Wednesday as KSE-100 index oscillated between 7,885.67 points intra-day high and 7,607.07 points low before settling at 7,807.08 points with a net loss of 25.77 points. Trading was range-bound and the vol
Foreign investment during nine months of current fiscal year (July-March period) declined by 36 percent mainly due to global economic slowdown, the countrys poor economic indicators, and unstable law and order situation. Massive outflow from portfolio inv
The Karachi Port handled 147,802 tonnes of cargo including 121,264 tonnes of import and 26,538 tonnes of export, 4,584 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday. The freights comprised of 83,132 tonnes of dr
The Minister for Water and Power, Pervez Ashraf, on Wednesday announced here that he would take stern action against those officials of the Alternative Energy Development Board (AEDB) who pocketed public money with great ease. The EADB has materialised a
The suspect captured during Novembers Mumbai attacks asked an Indian court Wednesday to provide him with a Pakistani defence lawyer, a request denied by the trial judge. Mohammed Ajmal Kasab made the request after the judge sacked his state-appointed lawy
Pakistan State Oil (PSO) has bought via tender about 845,000 tonnes of high-sulphur fuel oil (HSFO) for May-July delivery from FAL Oil at prices lower than previous deals, traders said on Wednesday. PSO will buy the cargoes at a premium of $15 to $18 per
Punjab Chief Minister, Shahbaz Sharif has announced a raise in the salaries of Punjab Police from April 1, 2009. Lower staff will benefit more from this decision. He also announced risk allowance equal to one basic pay, a fixed daily allowance of 20 days
The Lahore Chamber of Commerce and Industrys former senior vice president Frooq Iftikhar on Wednesday left for China as head of the LCCI delegation to attend Canton Fair-2009. According to the LCCI spokesman Shahid Khalil, 81 LCCI members are likely to ta
Punjab Chief Minister, Mian Shahbaz Sharif on Wednesday said that the government had launched a number of development projects worth billions of rupees for upgrading the standard of living of the people and the completion of these projects would surely us
Law enforcement agencies in Faisalabad have taken all necessary measures to safeguard the lives and properties of the people after receiving recent terrorist threats. Security of key installations has been beefed up and a strong information-sharing networ
The suspect captured during Novembers Mumbai attacks asked an Indian court Wednesday to provide him with a Pakistani defence lawyer, a request denied by the trial judge. Mohammed Ajmal Kasab made the request after the judge sacked his state-appointed lawy
The Asian Development Bank Wednesday said a report that its lending programme for India had been blocked by China was a "misunderstanding." The banks president, Haruhiko Kuroda, made the comments following reports that China deferred approval of the ADBs
India Wednesday successfully tested a short-range nuclear-capable ballistic missile from a facility in eastern Orissa state, defence sources said. The test of an improved version of Prithvi-II (Earth) was carried out from Integrated Testing Range at Chand
India Wednesday successfully tested a short-range nuclear-capable ballistic missile from a facility in eastern Orissa state, defence sources said. The test of an improved version of Prithvi-II (Earth) was carried out from Integrated Testing Range at Chand
Downtrend continued on Lahore Stock Exchange on Wednesday and extended losses amid descending transaction volume on account of profit taking, but fresh buying in select shares during last trading hour helped the market to partly recover early losses. The
Shell Pakistan Limited has earned Rs 374.140 million as profit after tax in the first quarter ended March 31, 2009 as compared to Rs 962.319 million in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesda
Shell Pakistan Limited has earned Rs 374.140 million as profit after tax in the first quarter ended March 31, 2009 as compared to Rs 962.319 million in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesda
Liquefied petroleum gas (LPG) marketing companies imported 5,972 metric tonnes of LPG this month to meet the countrys requirements, the LPG Association of Pakistan (LPGAP) said here on Tuesday. "This product has been brought in under the existing LPG poli
In the wake of the global financial crisis the board of the Asian Development Bank has passed a resolution calling for a 200 percent increase in the banks capital base, the banks president said Wednesday. Haruhiko Kuroda said that the increase would boost
Dr Fehmida Mirza, Speaker National Assembly has said that rehabilitation of the displaced persons of Bajaur and FATA was the priority of the democratic government and the elected members of the Parliament and all concerned agencies have been asked to expe
The Supreme Court on Wednesday ordered release of former Khatib of Lal Masjid Maulana Abdul Aziz on bail from the 27th case regarding occupation of childerns library after a detention of almost 18 months. A three-member bench of the apex court, comprising
The Supreme Court on Wednesday ordered release of former Khatib of Lal Masjid Maulana Abdul Aziz on bail from the 27th case regarding occupation of childerns library after a detention of almost 18 months. A three-member bench of the apex court, comprising
Pakistan has made few purchases of palm oil this month after strong buying in the first quarter led to a glut, and buying is expected to remain slow at present prices, a top industry official said on Wednesday. "The country overbought in the first quarter
Seven Indian Army personnel were killed when an avalanche hit a counter-insurgency post in frontier district of Kupwara. Eight other Jawans escaped unhurt in the incident in Karnah sector, about 135 kms from occupied Srinagar. There are rumours that these
The process of Research and Development (R&D) at Drug Testing Laboratories Sindh (DTLS) came to a halt due to non-release of funds from the Centre. Pharmaceutical companies, which get registration from the federal and provincial health departments, paying
Sindh government has pledged to provide land and infrastructure facilities on various proposals by Centre for Research in Sindh (CRIS) on restructuring of business education in Sindh, based on public-private partnership.
Mir Humayun Aziz Kurd, Federal Minister for Livestock, Fisheries and Dairy Development, has assured that the federal government would extend maximum opportunities to the young and educated people of Balochistan in curricular and extra-curricular activitie
The Karachi Electric Supply Company (KESC) Limited has finalised an Amendment Agreement (AA) with the government in accordance with the GOPs desire for increased public-private partnership in previously state owned units.
As the prices of mutton and beef, with other kitchen items, have surged arbitrarily for the last couple of weeks adding to consumers sufferings, the City District Government Karachi (CDGK) has finally decided to undertake anti-profiteering drive in the ci
Asian Development Bank (ADB) would provide $40 million to Sindh government for the development of coastal areas, sources told Business Recorder on Wednesday. The bank had recently signed an agreement with the provincial government under which the f
Sui Southern Company Limited (SSGCL) has sought reduction of Rs 24.09 per MMBTU in its average prescribed price effective July 1, 2009. According to a statement issued here on Wednesday, a public hearing was organised by Ogra at Karachi on a petition of S
Fresh wave of violence hit the city on Wednesday after killing of a political leader as armed men started firing to vent their anger against the murder. Three armed men, riding a motorbike sprayed Legal Advisor of Ahle Sunat-o-Jamaat Mazharul Hassan with
Spokesman of Federal Board of Revenue (FBR) clarified that the organisation was empowered to send notices to blacklisted companies asking them to remove the objection raised by the revenue department. He was commenting on a news item appearing in a sectio
The students of Politics and International Relations at the International Islamic University (IIU) are organising a socio economic seminar on April 16 (today). With regards to the current geo-political crisis the seminar will address the topic of Reclaimi
Provincial Planning and Development Department organised a 4-day gender sensitive planning skills training under Gender Based Governance Systems (GBG), a project of UNDP and Government of Pakistan at Pakistan Institute of Management (PIM), Karachi.
A labourer along with his wife and three kids died and another son injured when roof of their house collapsed due to incessant rains in village Khan Khilan Toru here early on Wednesday morning. A deaf girl Sidra, 16, was miraculously recovered unhurt from
Rescue teams have recovered four more bodies till Wednesday afternoon, while bodies of another two victims of Tuesdays boat capsize incident are still missing, the DPO Mianwali, Akbar Nasir Khan said. He said that eight bodies were recovered till sunset o
"Testing Time as Foreign Minister" a book written by former Foreign Minister and noted politician, Gohar Ayub was launched here. "The 352-page book has been published and is also available in the market," Publisher of the book told APP. The book contains
The commuters of ever-busy Murree Road have decried the indifferent attitude of Rawalpindi Development Authority (RDA) to the broken median at Asghar Mall Crossing, which can lead to a major accident. They complained that the median along with iron grill
President, Sialkot Chamber of Commerce and Industry (SCCI), Hassan Ali Bhatti, on Wednesday revealed that the federal government has released Rs 50 million fund for the establishment of Sialkot Business and Commerce and Centre (SBCC). Talking to Busine
The National Highway Authority (NHA) prepared a Plan to widen the existing 68 km carriageway of Indus Highway N-65 from Sukkur to Jacobabad and approached Asian Development Bank (ADB) for Multi-tranche Financing Facility for the National Highway Developme
Inter-Divisional U-17 Kabaddi Championship would be held from 23rd to 25th April at Shafqat Shaheed Ground Jhang under auspices of Punjab Sports Board. District Sports Officer Jhang Chaudhry Tariq Nazeer informed this while talking to the newsmen on Wedne
Rains lashed many parts of the country during the past two weeks could affect and delay the harvesting of the standing wheat crop in different parts of the country. "Rains and windy weather at this stage are not good for the wheat crop, which is fully rip
A high level delegation, led by Federal Minister for Industries and Production, Mian Manzoor Wattoo, would participate Hanover Fair 2009, scheduled to begin on April 20. The fair would gather the entire scope of innovative industrial technologies at a sin