The Karachi share market witnessed positive trend on Monday and KSE-100 index surged by 67.21 points to close at 7,538.49 points. Trading, however, remained low and the volume at ready counter was restricted to 127.032 million shares as compared to 181.54
US banking giant Citi and the Asian Development Bank have agreed to jointly provide up to 1.5 billion dollars in financing to support trade in developing Asia, the ADB said Monday. Under the agreement, the two lenders "will share the risk on trade finance
US banking giant Citi and the Asian Development Bank have agreed to jointly provide up to 1.5 billion dollars in financing to support trade in developing Asia, the ADB said Monday. Under the agreement, the two lenders "will share the risk on trade finance
US banking giant Citi and the Asian Development Bank have agreed to jointly provide up to 1.5 billion dollars in financing to support trade in developing Asia, the ADB said Monday. Under the agreement, the two lenders "will share the risk on trade finance
The Advisor to Prime Minister on Finance, Shaukat Tarin, has announced to abolish withholding tax applicable on shares sale. Briefing the media after his meeting with members of Karachi Stock Exchange (KSE) here on Monday he also announced that he would a
The Advisor to Prime Minister on Finance, Shaukat Tarin, has announced to abolish withholding tax applicable on shares sale. Briefing the media after his meeting with members of Karachi Stock Exchange (KSE) here on Monday he also announced that he would a
President Asif Ali Zardari on Monday directed Water and Power Development Authority (Wapda) Chairman to submit a comprehensive report on the continued power outage from Mangla, identifying the factors responsible for this delay. The President directed the
President Asif Ali Zardari on Monday directed Water and Power Development Authority (Wapda) Chairman to submit a comprehensive report on the continued power outage from Mangla, identifying the factors responsible for this delay. The President directed the
President Asif Ali Zardari on Monday directed Water and Power Development Authority (Wapda) Chairman to submit a comprehensive report on the continued power outage from Mangla, identifying the factors responsible for this delay. The President directed the
The Advisor to Prime Minister on Finance, Shaukat Tarin, has announced to abolish withholding tax applicable on shares sale. Briefing the media after his meeting with members of Karachi Stock Exchange (KSE) here on Monday he also announced that he would a
In an extraordinary development, the Cabinet has directed the Commerce Ministry to revisit the agreement on trade in services with China, signed on February 21, 2009 at Wu Han during the visit of President Asif Ali Zardari, official sources told Busine
India on Monday confirmed a huge increase in military spending and offered sweeping benefits to the police, linking the ongoing drive to ramp up national security to economic development. Finance Minister Pranab Mukherjee hiked the defence budget for the
India on Monday confirmed a huge increase in military spending and offered sweeping benefits to the police, linking the ongoing drive to ramp up national security to economic development. Finance Minister Pranab Mukherjee hiked the defence budget for the
In an extraordinary development, the Cabinet has directed the Commerce Ministry to revisit the agreement on trade in services with China, signed on February 21, 2009 at Wu Han during the visit of President Asif Ali Zardari, official sources told Busine
Apropos a news item "Pepco admits installing inefficient plant" carried by Business Recorder on 3, July 2009, Pepco has claimed that the news item contains information that has been taken out of the context, and thus conveys an inaccurate account o
On Monday, the BRIndex30 opened in the positive zone, at 6,900.25, and remained there for whole of the trading time. It closed at 6,972.03 points with a net positive change of 102.88 points and percentage change of 1.50. It experienced intra-day high of 6
On Monday, the BRIndex30 opened in the positive zone, at 6,900.25, and remained there for whole of the trading time. It closed at 6,972.03 points with a net positive change of 102.88 points and percentage change of 1.50. It experienced intra-day high of 6
The Karachi share market witnessed positive trend on Monday and KSE-100 index surged by 67.21 points to close at 7,538.49 points. Trading, however, remained low and the volume at ready counter was restricted to 127.032 million shares as compared to 181.54
The Karachi share market witnessed positive trend on Monday and KSE-100 index surged by 67.21 points to close at 7,538.49 points. Trading, however, remained low and the volume at ready counter was restricted to 127.032 million shares as compared to 181.54
Afghanistan's insurgent Taliban movement said Monday they had launched a guerrilla operation to thwart a major assault by newly deployed US Marines on their Helmand strongholds. Operation Foladi Jal, Pashtu for "iron net", would teach the Marines "a lesso
The Supreme Court on Monday after raising some objections returned petitions filed by the Federation and government of Punjab against release of Hafiz Mohammad Saeed, chief Jamaatud Dawa and Colonel Nazir Ahmed (Retd). Federation along with government of
The Supreme Court on Monday after raising some objections returned petitions filed by the Federation and government of Punjab against release of Hafiz Mohammad Saeed, chief Jamaatud Dawa and Colonel Nazir Ahmed (Retd). Federation along with government of
Iranian supreme leader Ayatollah Ali Khamenei warned Western leaders against "meddling" Monday as Britain announced that all but one its embassy staff detained in Tehran have now been freed. Khameini admitted there are "differences" among Iranians followi
Federal Minister for Investment, Senator Waqar Ahmad Khan said here on Monday that there was an ample room for investment in Pakistan, particularly in Banking Sector. He was talking to Raza Jafar, Chairman Emirates Global Bank (EGB), UAE, who called on hi
Iranian supreme leader Ayatollah Ali Khamenei warned Western leaders against "meddling" Monday as Britain announced that all but one its embassy staff detained in Tehran have now been freed. Khameini admitted there are "differences" among Iranians followi
An Indian man condemned to death in country for spying has appealed to President Asif Ali Zardari to spare his life, his lawyer said on Monday, after the Supreme Court dismissed his petition to review the sentence. The appeal for mercy in a case being clo
An Indian man condemned to death in country for spying has appealed to President Asif Ali Zardari to spare his life, his lawyer said on Monday, after the Supreme Court dismissed his petition to review the sentence. The appeal for mercy in a case being clo
National Highway Authority (NHA) has planned to launch a Motorway Advisory Radio (MAR) system during current financial year 2009-10 under the public-private partnership, while the rationalisation of toll rates will also enhance NHA's revenue by around Rs
Apropos a news item "Pepco admits installing inefficient plant" carried by Business Recorder on 3, July 2009, Pepco has claimed that the news item contains information that has been taken out of the context, and thus conveys an inaccurate account o
Apropos a news item "Pepco admits installing inefficient plant" carried by Business Recorder on 3, July 2009, Pepco has claimed that the news item contains information that has been taken out of the context, and thus conveys an inaccurate account o
Saudi Arabia denied on Monday a report that it has agreed to allow Israeli warplanes to fly through the kingdom's airspace to attack Iran's nuclear sites. "Of course this is not true. We don't have any kind of relationship with the Israelis," Osama Nugali
Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed plus sign under the lead of trend-setters amid increase in index. ISE-10 Index showed an improvement of 28.62 points, closing at 1827.65 points against 1799.
Urging for the strong need to promote voluntarism in crisis-hit, developing countries like Pakistan, Diane Davenport Jackson, an American expert on Management and Leadership in Civil Society Groups, said that a civil society, full of volunteers, has "anot
Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed plus sign under the lead of trend-setters amid increase in index. ISE-10 Index showed an improvement of 28.62 points, closing at 1827.65 points against 1799.
Bullish sentiment dominated on Lahore Stock Exchange on Monday where banking and fertiliser sectors led the equities upward while profit taking in oil sector restricted the market to a narrow range resulting in low trading turnover. The LSE-25 index gaine
Bullish sentiment dominated on Lahore Stock Exchange on Monday where banking and fertiliser sectors led the equities upward while profit taking in oil sector restricted the market to a narrow range resulting in low trading turnover. The LSE-25 index gaine
Director Pakistan Industrial Development Corporation (PIDC) and former president Sarhad Chamber of Commerce and Industry (SCCI), Ghulam Sarwar Khan Mohmand said that militancy had destroyed the hotelier and tourism industry in Swat.
The classes at the Faculty of Pharmacy, Federal Urdu University of Arts, Science and Technology (FUUAST) will commence from July 08. An announcement to this effect was made by the Registrar of the FUUAST here on Monday.
Weaker crude and metal prices sent energy stocks and miners sliding, dragging Britain's top share index down 1 percent to its lowest close in more than two months on Monday. The FTSE 100 index ended down 41.37 points at 4,194.91, its weakest close since A
The Lahore High Court (LHC) has maintained orders of fresh voting on a no-confidence motion against the Nazim of Ravi Town Yousaf Ahad Malik and has summoned the SHO to hear the court on July 13.
Hitting hard on global recession, Education Minister of Punjab Mian Mujtaba Shuja-ur-Rehman has directed a 5 percent increase in medical allowance for employees of Punjab Board of Technical Education (PBTE), and has asked the PBTE Chairman to draft a summ
The Lahore High Court (LHC), while suspending the appointment of co-ordinator has allowed Malik Tahir Siddqiue to continue as officiating Town Nazim of Allama Iqbal Town. The court also admitted the petition for regular hearing and issued notice to DCO.
Capital City Police Officer (CCPO) has directed Lahore Police to restrict all dealers and sellers of dangerous chemical material and illegal decanting of LPG to keep complete record, particulars and a verified copy of computerised identity cards of all pu
Egypt's trade ministry plans to double export duties on rice to 2,000 Egyptian pounds ($358) per tonne, the daily al Mal reported on Sunday, citing a member of the country's agricultural export council. Samir al-Nagari told the financial daily Egypt's tra
Cotton futures closed easier on Monday on investor sales in thin business out of a holiday break, brokers said. The cotton market was shut Friday for a holiday. The new-crop December cotton contract slipped 0.68 cent to close at 60.24 cents per lb, dealin
Oil settled 4 percent lower on Monday as doubts over a potential rebound in the global economy spurred investor risk aversion. US crude settled at $64.05 a barrel, down $2.68 or 4.02 percent from Thursday's close, after touching a five-week low of $63.40.
Copper fell more than 3 percent to near two-week lows on Monday as the dollar strengthened and investors fretted over how long it would take major economies to overcome recession, allowing demand to recover. Copper for three-months delivery on the London
August white sugar closed $5.70 lower at $440.70 a tonne on Monday on the firm dollar, which makes dollar-denominated futures more expensive in terms of other currencies. The market touched a contract high of $465.20 per tonne on July 1.
Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Monday. September arabica coffee contract up 0.65 cent at $1.1845 per lb at 11:10 am EDT (1510 GMT). Session range from $1.1880 to $1.1665, the lowest for the second position since M
Gold slid more than 1 percent on Monday as a stronger dollar dented interest in the metal as an alternative asset, with investors buying the currency as a safe store of value amid fears over the economic outlook. Strength in the US unit kept most dollar-p
Chicago Board of Trade July soyabeans continued to slide early on Monday, dipping below its 10- and 20-day moving averages, which spurred technical selling, traders said. Ideal US crop weather fuelled the weakness. July soyabeans were down 39 cents at $12
Corn futures turned higher at the Chicago Board of Trade early on Monday on some light short covering following a sharp downturn last week, traders said.
US copper futures tumbled to a 1-1/2 week low Monday morning as investors sought the safety of the dollar amid mounting concerns about the strength of the global economic recovery.
Child Aid Association (CAA), an NGO working for support and treatment of children suffering from cancer at National Institute of Child Health (NICH) is providing food supplements alongwith medicines to the young patients of cancer. Professor Nizamul Hasan
US gold futures fell toward $920 an ounce Monday as tumbling crude oil prices reinforced the view that inflation was nowhere imminent, weighing on bullion's appeal as a store of value. August gold down $7.80 to $923.20 an ounce at 10:34 am EDT (1434 GMT)
Advisor to Sindh Chief Minister, Sharmila Faruqui said on Monday that all doctors appointed at the government hospitals should not be allowed to work at private hospitals and stern departmental action should be taken against them if found violating the ru
The Chairman of All Parties Hurriyet Conference (APHC) in occupied Kashmir, Mirwaiz Umar Farooq, has renewed his Lal Chowk chalo call on Martyrs' day on July 13. According to Kashmir Media Service, Mirwaiz Umar Farooq, addressing a gathering at the 45th f
Federal government is taking a number of steps to bring a qualitative as well as quantitative improvement in textile sector, said Rana Mohammad Farooq Saeed Khan, Federal Minister for Textile Industry. Chairing a high level meeting at circuit house here o
The sixth Coalition for Child Labour (CACL) showed concern over the lack of efforts on part of the government to get the Child Protection (Amended) Bill 2009 through the National Assembly (NA)."Passage of the proposed Child Protection Bill, 2009, is impor
The Nadra Swift Centres have formally started work in Dargai, Chakdara, Malakand and Buner districts. Scores of people are visiting these centres to get Computerised National Identity Cards (CNICs). A spokesman of Nadra said the people belonging to every
Chairman All Pakistan Chamber of Small Traders, Khawaja Shafiq has said that traders all over the country are protesting against the sky rocketing prices of petrol and electricity, undue burden of taxes and long hours load shedding, but unfortunately the
The launch of train service from the federal capital some months ago after the reopening of Islamabad Railway Station, is gaining success by the day as the residents are benefiting a lot from the service. 'On the very first day of launch of train service