The global Muslim population stands at 1.57 billion, meaning that nearly 1 in 4 people in the world practice Islam, according to a report Wednesday billed as the most comprehensive of its kind. The Pew Forum on Religion and Public Life report provides a p
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 08, 2009).
The global Muslim population stands at 1.57 billion, meaning that nearly 1 in 4 people in the world practice Islam, according to a report Wednesday billed as the most comprehensive of its kind. The Pew Forum on Religion and Public Life report provides a p
The Supreme Court on Thursday set up a committee comprising customs department personnel to probe as to how the expired tin/can and ready to make juices are imported and place its findings before the court in a month. Heading a three-member bench, Justice
The Supreme Court on Thursday set up a committee comprising customs department personnel to probe as to how the expired tin/can and ready to make juices are imported and place its findings before the court in a month. Heading a three-member bench, Justice
The Supreme Court on Thursday set up a committee comprising customs department personnel to probe as to how the expired tin/can and ready to make juices are imported and place its findings before the court in a month. Heading a three-member bench, Justice
The Federal Board of Revenue (FBR) is planning to implement a World Bank (WB) proposal to reduce 50 percent of the penalty of those taxpayers who agree to pay the amount detected during audit proceedings and assessments without going into appeal. Sources
The Federal Board of Revenue (FBR) is planning to implement a World Bank (WB) proposal to reduce 50 percent of the penalty of those taxpayers who agree to pay the amount detected during audit proceedings and assessments without going into appeal. Sources
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 Federal Board of Revenue (FBR) is planning to implement a World Bank (WB) proposal to reduce 50 percent of the penalty of those taxpayers who agree to pay the amount detected during audit proceedings and assessments without going into appeal. Sources
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
Eight judges of the Lahore High Court (LHC) resigned on Thursday from their offices and sent their resignations to the President of Pakistan through LHC registrar. The judges include Mian Najam-uz-Zaman, Maulvi Anwar-ul-Haq, Muhammad Khalid Alvi, Fazal-e-
Eight judges of the Lahore High Court (LHC) resigned on Thursday from their offices and sent their resignations to the President of Pakistan through LHC registrar. The judges include Mian Najam-uz-Zaman, Maulvi Anwar-ul-Haq, Muhammad Khalid Alvi, Fazal-e-
Chief Justice Iftikhar Muhammad Chaudhry on Thursday took suo moto notice on a report of a newspaper about the abduction of 27-year old Abid Hussain. According to the report, the poor vegetable vendor Abid Hussain was allegedly kidnapped by his employer i
The fixation branch of the Supreme Court of Pakistan has fixed review petitions of PCO and other deposed judges of the Lahore High Court, Peshawar High Court and High Court of Sindh for Friday on the order of the Chief Justice of Pakistan for clarificatio
Bears returned in the driving seat at the Islamabad Stock Exchange (ISE), where equities negative signs under the lead of trend-setters decrease in index. ISE Ten Index showed a decrease of 55.01 points as the ISE Ten Index moved from 2,321.92 to 2,26691
Indonesia, the world's second biggest natural rubber producer, will resume rubber exports shipments from an earthquake-hit Sumatran port in Padang on October 16, Welly Bastian, a port official said on Wednesday. Padang is the provincial capital of West Su
Bears returned in the driving seat at the Islamabad Stock Exchange (ISE), where equities negative signs under the lead of trend-setters decrease in index. ISE Ten Index showed a decrease of 55.01 points as the ISE Ten Index moved from 2,321.92 to 2,26691
The Karachi Port handled 109,704 tonnes of cargo including 93,714 tonnes import and 15,990 tonnes export cargo including 2,296 empty and loaded containers during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 70,249 tonnes dry carg
A massive suicide car bomb struck outside the Indian embassy in Kabul on Thursday, killing 17 people and injuring 63 more, most of them civilians, in an attack claimed by Taliban militants. In a statement on their website, the Islamist insurgent group sai
Bears dominated the wholesale grain market on Thursday as supplies from the upcountry market was steady in process of trading, dealers said. On the cereals side, sugar lost Rs 200 to Rs 4500, Gur followed the suit and dropped the same amount at Rs 5800-64
A massive suicide car bomb struck outside the Indian embassy in Kabul on Thursday, killing 17 people and injuring 63 more, most of them civilians, in an attack claimed by Taliban militants. In a statement on their website, the Islamist insurgent group sai
The World Bank review mission has cancelled field visits to Rawalpindi and Karachi tax offices under the Tax Administration Reform Project (Tarp) due to security reasons and prevailing law and order situation in the country. Sources told Business Recor
A typhoon last month flattened 1,000 hectares (2,470 acres) of pepper plants in the central part of Vietnam, the world's largest producer of black pepper, and could reduce its 2010 crop output, an industry report said on Thursday. The affected areas accou
The World Bank review mission has cancelled field visits to Rawalpindi and Karachi tax offices under the Tax Administration Reform Project (Tarp) due to security reasons and prevailing law and order situation in the country. Sources told Business Recor
Recent rains in three northern Indian states, regarded as the country's grain bowl, will help the timely sowing of the winter wheat crop, officials and experts said on Thursday, easing concerns about the impact of a poor monsoon. Uttar Pradesh, Punjab and
The World Bank review mission has cancelled field visits to Rawalpindi and Karachi tax offices under the Tax Administration Reform Project (Tarp) due to security reasons and prevailing law and order situation in the country. Sources told Business Recor
Mixed trend was witnessed on the forward cottonseed oilcake market on Thursday as many buyers were on the sideline on anticipation that the prices will come down in the near future, dealers said. The December vaida, which closed at 904.50, opened with a s
Pakistan Muslim League-N leader Javed Hashmi has said the parliament's supremacy will have to be ensured for country's bright future. While talking to reporters outside the parliament here on Thursday, Hashmi said the Pakistan Army should respect the parl
Prices continued overnight weakness, showing Rs 25 fall in spot rate for the third day in a row on the cotton market on Thursday, dealers said. The official spot rate was reduced by another Rs 25 for the third day in a row at Rs 3475, thus, since the week
Pakistan Muslim League-N leader Javed Hashmi has said the parliament's supremacy will have to be ensured for country's bright future. While talking to reporters outside the parliament here on Thursday, Hashmi said the Pakistan Army should respect the parl
Despite a lot of hullaballo in the domestic market since the past several weeks regarding significant losses projected for the current crop (2009-2010) in Pakistan, the recent seedcotton (kapas/phutti) arrivals report issued by the Pakistan Cotton Ginner
The Opposition in the National Assembly on Thursday completely rejected Kerry Lugar Bill and termed it against the integrity and sovereignty of Pakistan. The opposition said that the interests of Pakistan were not watched in the bill. The parliament must
Despite a lot of hullaballo in the domestic market since the past several weeks regarding significant losses projected for the current crop (2009-2010) in Pakistan, the recent seedcotton (kapas/phutti) arrivals report issued by the Pakistan Cotton Ginner
The Opposition in the National Assembly on Thursday completely rejected Kerry Lugar Bill and termed it against the integrity and sovereignty of Pakistan. The opposition said that the interests of Pakistan were not watched in the bill. The parliament must
Malaysian tin was unchanged on Thursday because buyers were cautious about the outlook for the London Metal Exchange and as supply surged, said a dealer. The prices on the Kuala Lumpur Tin Market were mainly supported by scattered buying from Europe, said
National Assembly on Thursday passed three bills including Stock Exchanges (Corporatisation, Demutualization and Integration) Bill, 2008, Modarba Companies and Modarba (Floatation and Control (Amendment) Bill, 2009 and NFC Institute of Engineering Technol
US rice futures on the Chicago Board of Trade closed higher on Wednesday, supported by the slow US harvest, traders said. But prospects for the US supply to build in the coming year overhang the market. November ended up 7-1/2 cents at $13.22-1/2 per cwt;
National Assembly on Thursday passed three bills including Stock Exchanges (Corporatisation, Demutualization and Integration) Bill, 2008, Modarba Companies and Modarba (Floatation and Control (Amendment) Bill, 2009 and NFC Institute of Engineering Technol
US copper futures eased into the close on Wednesday as a steadier tone in the dollar and caution in front of aluminium producer Alcoa's quarterly results kept trading conditions on the light side, analysts said. Copper for December delivery slipped 0.50 c
National Assembly on Thursday passed three bills including Stock Exchanges (Corporatisation, Demutualization and Integration) Bill, 2008, Modarba Companies and Modarba (Floatation and Control (Amendment) Bill, 2009 and NFC Institute of Engineering Technol
Copper rose 2.3 percent on Thursday, recovering from the previous day's modest loss, supported by supply worries, a fall in the dollar and gains in other commodity markets. Aluminium was in focus, rising 1 percent after Alcoa Inc reported a surprise third
The United States has said it sees no threat to the elected Pakistani government in the wake of Pakistani military's public expression of concern over parts of the recently passed Kerry-Lugar Bill on $7.5 billion US economic assistance for the key South A
Key Tokyo rubber futures erased earlier losses and rose 2 percent on Thursday, helped by a rebound in oil prices above $70 a barrel. The key Tokyo Commodity Exchange rubber contract for March delivery was at 211.8 yen per kg at 0520 GMT, up 3.6 yen or 2 p
The United States has said it sees no threat to the elected Pakistani government in the wake of Pakistani military's public expression of concern over parts of the recently passed Kerry-Lugar Bill on $7.5 billion US economic assistance for the key South A
Cotton industry analysts said on Wednesday there is deep uncertainty whether the pace of global economic recovery would boost fibre demand when a government crop report is handed out this week. The US Agriculture Department's monthly supply/demand report
Raw sugar futures finished sharply lower Wednesday on investor liquidation and the momentum from the sell-off could further deflate sweetener values in the days ahead, brokers said. The March raw sugar contract dropped 0.88 cent, or by 3.6 percent, to set
Oil rose one percent to more than $70 a barrel on Thursday, clawing back some of the previous session's losses amid exuberance that a global economic recovery is getting underway, while a weak US dollar also lent support. Oil settled down nearly 2 percent
US soybean futures on the Chicago Board of Trade ended higher on Wednesday on concerns that harvest is slow due to rains with more forecast for Thursday. dealers said. Any immature soybeans could also be hurt by a weekend freeze. But prices kept within re
Malaysia's crude palm oil futures dropped 2.3 percent to their weakest closing in 12 weeks on Thursday ahead of a slew of industry data that may show weak exports and higher production, traders said. Selling pressures intensified in late trade prompted by
US gold futures ended higher on Wednesday after setting record highs for a second straight session as mounting worries about potential inflation encouraged investors to buy the precious metal. Most-active December gold futures up $4.70 at $1,044.40 an oun
Spot gold topped $1,050 per ounce to mark a record high for the third session in a row on Thursday as the dollar's continued struggle made the precious metal more attractive to investors. Bullion has gained about 20 percent this year, helped by the dollar
US wholesalers pared their stocks in August, with inventories falling for the 12th consecutive month and sales posting their largest rise in more than a year, Commerce Department data showed on Thursday. Wholesale inventories fell 1.3 percent in August, a
The number of US workers filing new claims for jobless insurance fell more-than-expected to a nine-month low last week, data showed, suggesting the labour market was healing despite a setback in September. Initial claims for state unemployment benefits dr
The US federal budget deficit tripled to about 1.4 trillion dollars for fiscal year 2009 in the midst of the worst economic decline since the Great Depression, the office that keeps track of spending for Congress said Wednesday. The figure represented abo
US retailers gave investors an early Christmas present, posting their first monthly sales increase in more than a year and suggesting that wounded consumers might begin to heal in time for the crucial holiday season. Store chains that included Macy's Inc,
Workers at Britain's state-owned Royal Mail voted overwhelmingly for a nation-wide strike on Thursday, escalating a dispute over pay and conditions which has caused widespread disruption to postal services. Members of the Communications Workers' Union vot
The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running on Thursday and said it would keep its 175 billion pound asset buying programme in place, as expected. Focus has now switched to the November meeting when
There are plenty of needy countries at the UN climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis. Saudi Arabia has led a quiet campaign during these and other neg
Malaysian-based budget carrier AirAsia has won landing rights in Paris, its second destination in Europe, in a boost to its global expansion plans, an official said Thursday. Deputy Chief Executive Kamarudin Meranun said he has been notified by Malaysian
Iraq's oil ministry said on Thursday it had agreed commercial terms for a key deal with Britain's BP and China's CNPC International to almost triple production at a giant southern oilfield. Officials from Iraq's state-owned South Oil Company and the two o
The European Central Bank cautioned against hopes of a speedy economic recovery after leaving benchmark interest rates at a record low 1.0 percent on Thursday for the fifth month in a row. ECB President Jean-Claude Trichet also turned up the heat on gover
Prosecutors have launched a criminal investigation into corporate spying at Deutsche Bank but exonerated top officials in the case that has tarnished the reputation of Germany's flagship lender. Deutsche Bank said in July that a detective agency it hired
Australia's Westpac Bank was found guilty on Thursday of setting upoffshore financial arrangements to avoid paying hundreds of millions of dollars of tax in New Zealand. The bank was ordered to pay 961 million New Zealand dollars (711 million US dollars)
Australia's Westpac Bank was found guilty on Thursday of setting upoffshore financial arrangements to avoid paying hundreds of millions of dollars of tax in New Zealand. The bank was ordered to pay 961 million New Zealand dollars (711 million US dollars)
Superlong Japanese government bonds gained on Thursday, with the 30-year yield hitting a three-month low, as an auction of the maturity drew strong demand despite a coupon that was the lowest in over five years. The yield curve flattened as 20- and 30-yea
Superlong Japanese government bonds gained on Thursday, with the 30-year yield hitting a three-month low, as an auction of the maturity drew strong demand despite a coupon that was the lowest in over five years. The yield curve flattened as 20- and 30-yea
Hong Kong share prices closed 1.18 percent higher on Thursday following regional gains after a positive opening to the third-quarter US corporate earnings season. The benchmark Hang Seng Index finished 251.31 points higher at 21,492.9. Turnover was 59.87
US stocks ended mixed on Wednesday after a two-day rally as the market turned cautious with the opening of the third-quarter corporate earnings season. The blue chip Dow Jones Industrial Average fell 5.67 points (0.06 percent) to close at 9,725.58, recove
Seoul shares rose on Thursday helped by robust programme buying on the day options expiry fell, with gains in Hynix on a bullish outlook and banks on positive brokerage notes lending support. Markets earlier came under selling pressure as investors grew w
Malaysian shares closed up 0.94 percent on Thursday, led by financials, dealers said. The Kuala Lumpur Composite Index gained 11.48 points to 1,230.09. Advancers outnumbered losers 367 to 247. "The positive newsflow recently was boosted today by better th
US Treasuries prices rallied on Wednesday, with the 30-year bond jumping over a point after dealers paid higher-than-expected prices for $20 billion in auctioned 10-year notes. Dealers said the auction fetched yields below where the issue of reopened note
US Treasuries prices rallied on Wednesday, with the 30-year bond jumping over a point after dealers paid higher-than-expected prices for $20 billion in auctioned 10-year notes. Dealers said the auction fetched yields below where the issue of reopened note
Singapore shares closed 0.62 percent higher on Thursday with investor sentiment boosted by US aluminium giant Alcoa's return to profit in the third quarter, dealers said. The blue chip Straits Times Index put on 16.32 points to 2,650.95. Volume totalled 2
New Zealand share prices rose 0.88 percent on Thursday, with leading stocks pulling the broader market up in their wake, dealers said. The benchmark NZX-50 index closed 27.75 points higher at 3,168.94 on turnover worth 137.7 million dollars (101.9 million
Taiwan stocks fell 1.38 percent on Thursday to back off a near 16-month closing high on Wednesday as doubts about the outlook for tech firms prompted some profit taking on recent gains. The main TAIEX share index closed 105.35 points lower at 7,503.31 fol
Japan's Nikkei average rose 0.3 percent on Thursday, with shares of shipping firms surging as a key freight index hit a seven-week high on hopes of fresh Chinese demand while digital camera maker Nikon Corp climbed on a brokerage upgrade. With the yen hov
The US dollar recovered some ground against the euro and other major currencies on Wednesday, after the dollar's year long slide looked to have resumed this week. Rising stock prices and an Australian interest rate rise on Tuesday encouraged more diversif
The US dollar was on slippery ground again on Thursday after stronger-than-expected Australian jobs data boosted the Australian dollar and fuelled general selling in the greenback. Australian data beat expectations for a fall in jobs in September, with 40
The Hong Kong dollar stayed at the top of its trading band against the US dollar on Thursday, which might force the Hong Kong Monetary Authority (HKMA) to step in again to prevent the local currency from rising beyond its fixed range. Dealers attributed t
The Taiwan dollar hit a one-year closing high on Thursday on foreign fund inflows and exporter deals, as better-than-expected Australian jobs data helped boost investor appetite for riskier assets. The central bank bought US dollars to keep the value of t
Canada's currency fell against the US dollar on Wednesday after earlier touching a one-year high, as weakening oil prices and a lackluster showing on stock markets dragged the unit lower. The currency turned south at midday as risk appetite waned, with US
The Swiss franc was up sharply against the dollar on Thursday as the greenback weakened on improved investor sentiment after aluminium company Alcoa Inc reported a surprise profit late on Wednesday. The franc was little changed against the euro, trading t
The Australian dollar shot above 90 US cents on Thursday for the first time in 14 months after a resoundingly strong local jobs report fostered talk that interest rates will rise steadily through the rest of the year. The Aussie leapt over a cent to a hig
The Malaysian ringgit led Asian currencies higher as the dollar faltered after Australian jobs data boosted investor optimism about the world economy, but gains in the peso and baht were curbed by central banks. South Korea's authority was seen intervenin
Rafael Nadal fended off a tough challenge from James Blake to advance to the quarterfinals of the China Open on Thursday, as Serena Williams stumbled out of the WTA/ATP event in a third set tiebreak. Nadal, the top seed in Beijing, and Blake thrilled the
Six teams, including twice champions Argentina, will fight for two and a half places at the World Cup finals in the penultimate round of South American qualifiers on Saturday. Argentina are currently fifth in the 10-nation group, from which the top four q
J-League striker Shinji Okazaki scored a hat trick as Japan outclassed winless Hong Kong 6-0 in an Asian Cup qualifier here Thursday. It was the second win for Japan, three-time champions who finished fourth in the 2007 tournament won by Iraq, against one
Karachi's glittering Shadab Football Stadium will enter as new venue in PFF books, when 9-time national Champion Pakistan International Airlines (PIA) will take on 1982 national title holder HBL in gleaming grass of newly-introduced football pitch on Frid