The Karachi share market witnessed a volatile session on Wednesday with KSE-100 index oscillating between 9,341.97 points intra-day high, up 75.93 points, and 9,232.75 points low, down 33.29 points, before closing at 9,253.66 points with a net loss of 12.
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
The Karachi share market witnessed a volatile session on Wednesday with KSE-100 index oscillating between 9,341.97 points intra-day high, up 75.93 points, and 9,232.75 points low, down 33.29 points, before closing at 9,253.66 points with a net loss of 12.
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 Karachi share market witnessed a volatile session on Wednesday with KSE-100 index oscillating between 9,341.97 points intra-day high, up 75.93 points, and 9,232.75 points low, down 33.29 points, before closing at 9,253.66 points with a net loss of 12.
On Wednesday, the BRIndex30 opened at 8,161.57 points. It almost immediately started to rise and remained positive for about half of the trading time but after that it started to fall and eventually closed at 8,136.62 poinys with a net negative change of
On Wednesday, the BRIndex30 opened at 8,161.57 points. It almost immediately started to rise and remained positive for about half of the trading time but after that it started to fall and eventually closed at 8,136.62 poinys with a net negative change of
Mixed sentiments continued to prevail for the second consecutive day on the Lahore Stock Exchange (LSE) on Wednesday and finally stayed in red zone amid descending transaction volume on account of lacking interest on the part of investors who remained on
Mixed sentiments continued to prevail for the second consecutive day on the Lahore Stock Exchange (LSE) on Wednesday and finally stayed in red zone amid descending transaction volume on account of lacking interest on the part of investors who remained on
Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in the index. ISE Ten Index showed an improvement of 5.43 points, as the Index moved from to 2,147.14
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (December 16, 2009).
Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in the index. ISE Ten Index showed an improvement of 5.43 points, as the Index moved from to 2,147.14
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (December 16, 2009).
US President Barack Obama has written a personal letter to North Korean leader Kim Jong-Il amid efforts by the United States to persuade Pyongyang to return to nuclear disarmament talks. The letter was delivered by US special envoy Stephen Bosworth during
North Korea plans to temporarily ban foreigners from entering the country, a move that could herald a visit by leader Kim Jong-Il to neighbouring China, a report said Wednesday. South Korea's Chosun Ilbo newspaper, citing North Korean sources in China, sa
A 61-year-old Uighur living in Sweden as a political refugee since 1997 has been charged with spying for China on Uighur expatriates, a Swedish prosecutor said Wednesday. The man was identified in court documents as Swedish citizen Babur Maihesuti. He was
Support for a South African opposition party formed by defectors from the ruling African National Congress has slumped since the April election due to internal leadership battles, a poll showed on Wednesday. Only 2.2 percent of eligible voters would back
President Nicolas Sarkozy's ruling party will push for a law banning the full-face Islamic veil in order to defend France from "extremists", the party's parliamentary leader said Wednesday. Jean-Francois Cope laid out his plans for new legislation in a ne
The losses of first half of this year show that Pakistan Steel Mills (PSM) is in deep financial crisis. The losses are expected to exceed Rs five billion in-spite of the fact that the prices of raw material and freight, world-wide, have declined. Accordin
The losses of first half of this year show that Pakistan Steel Mills (PSM) is in deep financial crisis. The losses are expected to exceed Rs five billion in-spite of the fact that the prices of raw material and freight, world-wide, have declined. Accordin
The losses of first half of this year show that Pakistan Steel Mills (PSM) is in deep financial crisis. The losses are expected to exceed Rs five billion in-spite of the fact that the prices of raw material and freight, world-wide, have declined. Accordin
The Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Wednesday welcomed the decision of the Supreme Court (SC) regarding controversial National Reconciliation Ordinance (NRO) and said "MQM respects the decision of the apex court." This was the text o
Advisor to Sindh Chief Minister Sharmila Farooqui on Wednesday launched women awareness campaign to highlight the bills moved in the National Assembly to prevent harassment of women. Addressing a press conference after meeting a big gathering of PPP Women
Pakistan Sugar Mills Association (PSMA) on Wednesday decided to contest the showcause notice issued by the Competition Commission of Pakistan (CCP) instead of availing of soft leniency provisions of the Competition Ordinance 2009.
The Directorate of Internal Audit (Direct Taxes), Southern Region, Karachi, has pointed out some violations of Income Tax Ordinance 2001 committed by over 19 pharmaceutical companies, an oil exploration company and a commercial bank, causing revenue loss
Federal Board of Revenue (FBR) has transferred and posted two officers (Grade 18 to 19) to new positions in the Inland Revenue Service at reformed units. In this regard, the FBR has issued two notifications here on Wednesday to implement the new organisat
A delegation of political figures comprising of MNAs and MPAs from Multan and Sahiwal Divisions would meet President Pakistan Asif Ali Zardari on Thursday (today) at Aiwan-e-Sadar, Islamabad. Senior Provincial Minister Raja Riaz Ahmed would lead them. Ria
Pakistan Peoples Party (PPP) has said that it respects the decision of the apex court and will face the cases in the courts courageously. However, PPP rejected the impression that its Co-chairman and President of Pakistan Asif Ali Zardari would resign fol
Pakistan Peoples Party (PPP) has said that it respects the decision of the apex court and will face the cases in the courts courageously. However, PPP rejected the impression that its Co-chairman and President of Pakistan Asif Ali Zardari would resign fol
The Cabinet reshuffling by Prime Minister Syed Yusuf Raza Gilani is just a cosmetic measure and would not have any significant impact with regard to austerity plan. According to analysts, decisions taken so far by the Prime Minister with regard to austeri
Minister for Information and Broadcasting Qamar Zaman Kaira on Wednesday said that public service should be the prime goal of Pakistan Television (PTV), besides social education on present time challenges, especially causes of the terrorism and extremism.
Interior Minister Rehman Malik on Wednesday said he didn't get the budget of National Counter Terrorism Authority (Nacta) for 11 months, but assured that he will begin work on it. Talking to media, he said there was no case of corruption against him and i
Appreciating the Supreme Court (SC) verdict for declaring the National Reconciliation Ordinance (NRO) null and void, most of the political parties have termed it the first real success of the independent judiciary. Lauding the decision, Pakistan Muslim Le
The Sindhi nationalists political parties have said that Supreme Court's short verdict on the controversial National Reconciliation Ordinance (NRO), has no connection with the problems of Sindhis and Balochis. Chairman Jeay Sindh Qaumi Mahaz (JSQM) Bashir
Business and trade community of the twin cities of Islamabad and Rawalpindi has strongly hailed the verdict of the Supreme Court (SC) declaring National Reconciliation Ordinance (NRO) null and void and requested the government to retrieve looted money fro
Political parties on Wednesday welcomed the Supreme Court's brief verdict declaring the country's highly disputed immunity law National Reconciliation Ordinance (NRO) as null and void and contradictory to the Constitution of Pakistan, hoping that it will
An activist of Muttahida Qaumi Movement (MQM) was shot dead by unidentified-armed persons within the jurisdiction of Al-Falah police on Wednesday. According to police, two unknown armed men riding a 125-cc Honda motorcycle intercepted two motorcyclists an
The Chairman Senate Standing Committee on Textiles Gul Mohammad Lot has said the present government was concentrating on bringing down the rate of markup and inflation to the single digit for the expeditious revival of the industrial sector.
A division bench of the Lahore High Court (LHC) here on Wednesday appointing Justice Ijaz Ahmed Chaudhry, as an inquiry officer asked him to hold inquiry against an Additional District and Sessions judge (AD&SJ) Sialkot and his record keeper in connection
Minister for Agriculture, Punjab, Malik Ahmad Ali Aulakh has said that there is a lot of scope of mutual co-operation between Pakistan and Malaysia in the field of livestock and agriculture for increasing meat and milk production to earn more foreign exch
One-year scholarship and cash prizes were distributed among the children at the Children Art Competition conducted by Kashf Foundation here on Wednesday. While Kashf Foundation's Managing Director, Roshaneh Zafar, stated on the ceremony that Kashf Foundat
All Pakistan Textile Mills Association (Aptma) has warned of closing down the industry in case the government restricted exports of cotton yarn. Gohar Ejaz, Chairman Aptma Punjab, told Business Recorder that some 200 spinning mills would immediatel
The textile ministry is likely to take final decision on imposing ban on exports of cotton yarn, as a very crucial meeting of the Cabinet Committee on Textile is due in Islamabad on Thursday (today) to resolve the issue once and for all.
Central leader Pakistan Muslim League-Nawaz (PML-N), Ahsan Iqbal MNA, who is also former Federal Education Minister, has stressed the need to formulate a long-term and short-term sectoral education planning for converting East India Company's education sy
Al-Huda Centre of Islamic Banking and Economics signs MoU with ASASAH here on Wednesday to render its services for Islamic micro-finance product development. It was told in the MoU ceremony that this is a step forward for the poverty reduction in Pakistan
Consultant to Chief Minister Punjab on Economic Affairs and Vice Chairman Punjab Board of Investment and Trade (PBIT), Pir Saad Ahsanuddin has invited a large delegation of South Korean officials from Lotte Group to meet with leading Pakistani business pe
Secretary Forestry Wildlife & Fisheries Punjab, Babar Hassan Bharwana has said that Fisheries Department is playing an important role in promoting fisheries related activities in the Punjab and a number of development schemes and projects in this connecti
All Shopping centres, educational institutions and Bazaars remained closed and Lawyers boycotted their professional duties to mourn the deaths on Wednesday in Dera Ghazi Khan city some 100 kilometre west of Multan.
Admiral Mike Mullen, Chairman of the US Joint Chiefs of Staff on Wednesday reassured Pakistan's military and civilian leadership that the Afghanistan military buildup is part of a long-term commitment to the region, not just a short term fix.
If Centcom chief General David Petraeus's media remark at Manama, the other day, is any pointer, one inescapable inference would be that the perceptional mismatch obtaining between the United States and Pakistan on the so-called Quetta Shura continues to
Abu Dhabi came to Dubai's rescue at the last minute on Monday, the 14th December when it offered a cash infusion of 10 billion dollars to tackle Dubai's mounting financial problems and prevent a default. The bailout package was clearly aimed at conveying
a conference titled 'Accountants for Business' speakers noted a well-known and highly disturbing fact: rampant corruption in the tax department has led to a decline in the tax to Gross Domestic Product ratio - a ratio long-considered to be a reflection of