Federal Finance Minister Shaukat Tarin on Saturday said Pakistan will have to go to the International Monetary Fund (IMF) for more assistance if the US aid under the Kerry Lugar Bill is not approved. Speaking at a seminar on "Corruption in the Private Sec
Federal Finance Minister Shaukat Tarin on Saturday said Pakistan will have to go to the International Monetary Fund (IMF) for more assistance if the US aid under the Kerry Lugar Bill is not approved. Speaking at a seminar on "Corruption in the Private Sec
Federal Finance Minister Shaukat Tarin on Saturday said Pakistan will have to go to the International Monetary Fund (IMF) for more assistance if the US aid under the Kerry Lugar Bill is not approved. Speaking at a seminar on "Corruption in the Private Sec
Expatriates remitted a record amount of $806.12 million in September, 2009 against $660.35 million in the same month of last year, showing a rise of $145.77 million, or 22.07 percent. This amount ($806.12 million) includes $0.08 million received through e
Expatriates remitted a record amount of $806.12 million in September, 2009 against $660.35 million in the same month of last year, showing a rise of $145.77 million, or 22.07 percent. This amount ($806.12 million) includes $0.08 million received through e
Expatriates remitted a record amount of $806.12 million in September, 2009 against $660.35 million in the same month of last year, showing a rise of $145.77 million, or 22.07 percent. This amount ($806.12 million) includes $0.08 million received through e
The Federal Board of Revenue (FBR) is going to decentralise the registration process of direct and indirect taxes, as ''E-support Wing'', which is considered to be a solely responsible entity, has failed to entertain aspirants in this regard.
The Federal Board of Revenue (FBR) is going to decentralise the registration process of direct and indirect taxes, as 'E-support Wing', which is considered to be a solely responsible entity, has failed to entertain aspirants in this regard.
The Federal Board of Revenue (FBR) is going to decentralise the registration process of direct and indirect taxes, as 'E-support Wing', which is considered to be a solely responsible entity, has failed to entertain aspirants in this regard.
The Federal Board of Revenue (FBR) is planning to combine four sales tax systems and automated refund programs into a single error-free integrated refund system to check issuance of bogus/illegal claims. Sources told Business Recorder here on Satur
The Federal Board of Revenue (FBR) is planning to combine four sales tax systems and automated refund programs into a single error-free integrated refund system to check issuance of bogus/illegal claims. Sources told Business Recorder here on Satur
The Federal Board of Revenue (FBR) is planning to combine four sales tax systems and automated refund programs into a single error-free integrated refund system to check issuance of bogus/illegal claims. Sources told Business Recorder here on Satur
Canada will keep some troops in Afghanistan beyond a lawmaker-mandated 2011 deadline for withdrawal to serve in development and reconstruction roles, a government spokesman said Saturday. Canadian lawmakers voted in March 2008 to end the deployment of Can
Bolivia plans to buy six Chinese light military aircraft worth nearly $58 million to fight drug traffickers in the world's No 3 cocaine producer, leftist President Evo Morales said on Saturday. "Last week we issued a supreme decree to ... acquire six K-8
Yemen and Saudi officials stopped a UN aid shipment destined for refugees from fighting between Yemen troops and Shiite rebels on Saturday, unable to agree on border procedures. Three trucks laden with tents, mattresses, soap and other necessities were ha
Prime Minister Syed Yousuf Raza Gilani on Saturday said that civil and military leadership would be taken into confidence before taking any decision regarding Kerry-Lugar bill, calling for ending the ongoing criticism of the bill.
Prime Minister Syed Yousuf Raza Gilani on Saturday said that civil and military leadership would be taken into confidence before taking any decision regarding Kerry-Lugar bill, calling for ending the ongoing criticism of the bill.
President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Saturday strongly condemned the terrorist attack on General Headquarters (GHQ), Rawalpindi. President Zardari and Prime Minister Gilani in their separate messages said such terrorist acts
Tehreek-e-Taliban Pakistan (TTP) has claimed responsibility of the terrorist attack on General Headquarters of Pakistan Army in Rawalpindi. According to official sources, the TTP has taken the responsibility of the terrorist attack on GHQ and warned of mo
Tehreek-e-Taliban Pakistan (TTP) has claimed responsibility of the terrorist attack on General Headquarters of Pakistan Army in Rawalpindi. According to official sources, the TTP has taken the responsibility of the terrorist attack on GHQ and warned of mo
Heavily armed militants are holding up to 15 soldiers hostage inside Pakistan's army headquarters after they stormed the complex in an audacious assault on the nuclear-armed country's most powerful institution. Army spokesman Major General Athar Abbas sai
Heavily armed militants are holding up to 15 soldiers hostage inside Pakistan's army headquarters after they stormed the complex in an audacious assault on the nuclear-armed country's most powerful institution. Army spokesman Major General Athar Abbas sai
The government has decided to launch military operation against terrorists in South Waziristan and to hold talks with US officials over disputed clauses of Kerry-Lugar Bill, sources told Business Recorder on Saturday. They said that the political a
Downward trend was seen the currency market on Saturday as the rupee shed some gains versus dollar in process of trading, dealers said. On the interbank market the rupee shed five paisa at 83.25 and 83.30 versus dollar for buying and selling, they said. I
The government has decided to launch military operation against terrorists in South Waziristan and to hold talks with US officials over disputed clauses of Kerry-Lugar Bill, sources told Business Recorder on Saturday. They said that the political a
Downward trend was seen the currency market on Saturday as the rupee shed some gains versus dollar in process of trading, dealers said. On the interbank market the rupee shed five paisa at 83.25 and 83.30 versus dollar for buying and selling, they said. I
Terrorists tried to storm army's headquarters (GHQ) Saturday, with six soldiers, including a Brigadier and a Lieutenant Colonel, a passer-by and four terrorists killed in an audacious attack here. The senior officers were identified as Anwer and Waseem, r
Terrorists tried to storm army's headquarters (GHQ) Saturday, with six soldiers, including a Brigadier and a Lieutenant Colonel, a passer-by and four terrorists killed in an audacious attack here. The senior officers were identified as Anwer and Waseem, r
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (October 10, 2009).
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
Prices of high-quality Indonesian coal were steady this week on good demand, although ample supplies continued to put pressure on Indonesian sub-bituminous coal, traders said. Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for A
US farmers are poised to harvest their second-largest corn crop on record after near-ideal growing weather boosted yields to a record high, the US Agriculture Department said Friday. USDA pegged the corn crop, used to feed livestock and make ethanol, at 1
ICE Canada canola futures closed higher on Friday following the weather-related spike in US soybeans, but the soaring Canadian dollar capped gains, traders said. Front-month canola rose 1.5 percent, lagging the 3 percent jump in benchmark soybeans. Cold,
Basis bids for hard red winter wheat in the US Plains were steady on Friday, with rains across the region helping the newly planted crop. Traders said areas in northern Oklahoma got up to six inches of rain on Thursday. "Some of the wheat is coming out an
The Karachi Port handled 112,700 tonnes of cargo including 96,657 tonnes import and 16,043 tonnes export cargo including 3,449 empty and loaded containers during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 51,877 tonnes dry carg
US wheat futures closed lower on Friday, pressured by bearish US and world wheat ending stocks numbers in USDA's October crop production and supply/demand reports. CBOT December wheat down 6 cents per bushel at $4.68. Funds sold 3,000 lots. USDA said 2009
US soyabean export premiums at the Gulf of Mexico were steady on Friday and generally steady in the week, despite a lull in demand, as supplies remain tight and demand was expected to rebound next week, traders said. Quiet soyabean demand late this week f
Yarns prices increased more sharply and surged by around 15-20 percent after Eid-ul-Fitr. But in medium counts prices were relatively flat. Carded cotton yarn prices were up by around 5 percent compared to the previous month level, and by around 14 percen
Upward trend was again seen on forward cottonseed oilcake market on Saturday. Many buyers were interested in making new deals for the near-term needs, dealers said. The December vaida, which closed at 904.60, opened with a slight rise of 50 paisa at Rs 90
Steady trend was seen on the cotton market on Saturday in process of small business, dealers said. The official spot rate resisted further loss at Rs 3450, they said. For the last couple of sessions, gradual decline was seen in trading activity due to ste
Very little business was seen on the wholesale grain and seed market on Saturday as many players were interested in doing business after further fall in the rates, dealers said. On the cereal side urad Burma lost Rs 100 to Rs 2700, sugar gained Rs 100 to
US rice futures closed lower on Friday on pressure from a firm dollar and an increase by USDA in its forecast for 2009/10 US rice production to 220.6 million cwt from the previous 218.6 million. CBOT November rice down 8 cents per cwt at $13.40. USDA also
US copper futures lost more than 2 percent by the close on Friday, as a firmer dollar and demand concerns highlighted by rising stockpiles combined to pull prices back down from the previous session's three-week highs. Copper for December delivery sank 6.
US gold futures took a breather on Friday as a dollar bounce prompted pre-weekend profit-taking following this week's sharp rally to the previous session's record high above $1,060 an ounce. Most-active December gold futures settled down $7.70 at $1,048.6
Moves by India and Indonesia to ease curbs on sugar imports are insufficient to trigger extensive purchases or ignite a rally, as crushing seasons pick up pace and domestic prices slide in India. Early in September, front-month New York raw futures powere
Indonesia has issued permits to 23 food and beverage firms to import a total of 60,000 tonnes of white sugar from October to end December amid tight domestic supply, an industry official said on Friday. "There is a possibility that more permits will be is
The US Agriculture Department's monthly supply-demand report was given a subdued reaction by the cotton futures market because the figures provided little surprise to the market, analysts said. USDA trimmed world cotton ending stocks in 2009/10 to 56.13 m
Four African states threatened late on Thursday to veto any accord in the Doha trade round that did not address their demands for a reduction of Western subsidies for cotton. The negotiations on the product, a mainstay of several African economies, are se
US soyabean futures closed higher on Friday on support from USDA's October crop report that showed a lower-than-expected 2009 US soyabean crop. Also, support from excessive wet weather including flooding and forecasts for a freeze by the weekend in the US
Raw sugar futures closed at a two-month low Friday on late investor liquidation, and the momentum from the sell-off could lead to further losses going into next week, brokers said. The March raw sugar contract dove 1.30 cents, or 5.7 percent, to end at 21
Estimates of Australia's 2009/10 wheat crop are expected to nudge higher in coming weeks as favourable weather has lifted crop prospects in Western Australia and the country's southern wheat belts ahead of harvest. Australian Crop Forecasters said on Frid
The price of gold soared to a record high above 1,060 dollars an ounce this week, spurred on by a weakening dollar and doubts about the greenback's future as the world's leading reserve currency. The price of gold struck a series of all-time highs this we
The Iranian banking system has loans in arrears of almost twice its amount of capital, a senior official said in remarks published on Saturday, describing it as a "serious problem". Mostafa Pourmohammadi, head of the National Inspectorate Organisation, bl
Qatar Holding, the investment arm of Qatar's sovereign wealth fund, said on Saturday it had become the largest shareholder in Songbird Estates, owner of much of London's Canary Wharf business hub. AIM-listed firm Songbird has confirmed plans for a 620 mil