Foreign Minister Makhdoom Shah Mahmood Qureshi and Saudi Foreign Minister Saud Al-Faisal held a meeting in Jeddah Saturday and discussed bilateral relations and regional and international issues. At the invitation of Saudi Foreign Minister Saud Al-Faisal,
Canadian bond prices were flat to higher across the curve on Friday, outperforming US Treasury market, as investors waited for Friday's US jobs report and largely looked past Thursday's stronger than expected US data. "It's important to emphasise how smal
US Treasury prices sagged on Friday with benchmark yields reaching their highest in 9-1/2 months after a government report showed job growth surged to its strongest in almost three years. The March payrolls data stoked concerns over inflation and whether
Indian High Commissioner to Pakistan Sharat Sabharwal on Saturday refuted allegations of stealing water and waging a 'water war' on Pakistan. Indus Waters Treaty of 1960 is an example of "mutually beneficial co-operation between India and Pakistan for las
US Treasury prices sagged on Friday with benchmark yields reaching their highest in 9-1/2 months after a government report showed job growth surged to its strongest in almost three years. The March payrolls data stoked concerns over inflation and whether
Indian High Commissioner to Pakistan Sharat Sabharwal on Saturday refuted allegations of stealing water and waging a 'water war' on Pakistan. Indus Waters Treaty of 1960 is an example of "mutually beneficial co-operation between India and Pakistan for las
Shrinking foreign demand and a high risk premium on Greek government bonds are fuelling fears that markets may ultimately give the thumbs down to Greece's efforts to meet 54 billion euros of funding needs this year. This is raising the prospect that Greec
Indian High Commissioner to Pakistan Sharat Sabharwal on Saturday refuted allegations of stealing water and waging a 'water war' on Pakistan. Indus Waters Treaty of 1960 is an example of "mutually beneficial co-operation between India and Pakistan for las
Shrinking foreign demand and a high risk premium on Greek government bonds are fuelling fears that markets may ultimately give the thumbs down to Greece's efforts to meet 54 billion euros of funding needs this year. This is raising the prospect that Greec
With a view to improve financial discipline and streamline the management of public accounts, the Ministry of Finance has decided to restrict the validity of cheques up to three months or 30th June whichever is earlier.
US corporate bond spreads tightened on Thursday after robust economic data bolstered sentiment, but the market's underlying tone remained cautious ahead of Friday's much-anticipated monthly jobs report. The strongest manufacturing data in more than five y
With a view to improve financial discipline and streamline the management of public accounts, the Ministry of Finance has decided to restrict the validity of cheques up to three months or 30th June whichever is earlier.
US corporate bond spreads tightened on Thursday after robust economic data bolstered sentiment, but the market's underlying tone remained cautious ahead of Friday's much-anticipated monthly jobs report. The strongest manufacturing data in more than five y
With a view to improve financial discipline and streamline the management of public accounts, the Ministry of Finance has decided to restrict the validity of cheques up to three months or 30th June whichever is earlier.
Thai government bond yields eased further on Friday after lower-than-forecast March inflation and on expectations of smaller issuance in the third quarter. Thailand's benchmark five-year bond yield slipped one to two basis points to 3.49-3.50 percent in a
Most of the companies and corporate entities in 20 major sectors declared losses, or nil income, reflecting massive misuse of Universal Self-Assessment Scheme (USAS) by the most documented sectors of economy during first half of 2009-10.
Thai government bond yields eased further on Friday after lower-than-forecast March inflation and on expectations of smaller issuance in the third quarter. Thailand's benchmark five-year bond yield slipped one to two basis points to 3.49-3.50 percent in a
Most of the companies and corporate entities in 20 major sectors declared losses, or nil income, reflecting massive misuse of Universal Self-Assessment Scheme (USAS) by the most documented sectors of economy during first half of 2009-10.
Investors showed strong appetite for highly-rated government debt at a French bond auction on Thursday against a backdrop of persistent concern about Greece's ability to finance its debt after its poor bond sales this week. The French sale of 8.4 billion
Most of the companies and corporate entities in 20 major sectors declared losses, or nil income, reflecting massive misuse of Universal Self-Assessment Scheme (USAS) by the most documented sectors of economy during first half of 2009-10.
Investors showed strong appetite for highly-rated government debt at a French bond auction on Thursday against a backdrop of persistent concern about Greece's ability to finance its debt after its poor bond sales this week. The French sale of 8.4 billion
Federal Board of Revenue (FBR) has finally penalised some five major banks on the charge of concealing records of some 333 freight forwarders involved in remitting around $920 million to their parent companies during last six years without paying a single
Billionaire investor Ron Burkle and his Yucaipa American Management fund is pressing top US bookseller Barnes & Noble Inc to add three to four new independent directors to the board. In a filing with the US Securities & Exchange Commission disclosed on We
Federal Board of Revenue (FBR) has finally penalised some five major banks on the charge of concealing records of some 333 freight forwarders involved in remitting around $920 million to their parent companies during last six years without paying a single
The US government has recouped 181 billion dollars of its bail-out money so far, according to an update on recent paybacks released by the Treasury Department. Recent paybacks included 3.4 billion dollars from the Hartford Financial Services Group Inc, wh
Prime Minister Yousuf Raza Gilani has directed the Ministry of Petroleum to seek clearance of billion-dollar LNG deal from Finance Ministry and Planning Commission before issuing guarantees, as the top guns of Petroleum Ministry were alleged to have ignor
The US government has recouped 181 billion dollars of its bail-out money so far, according to an update on recent paybacks released by the Treasury Department. Recent paybacks included 3.4 billion dollars from the Hartford Financial Services Group Inc, wh
Federal Board of Revenue (FBR) has finally penalised some five major banks on the charge of concealing records of some 333 freight forwarders involved in remitting around $920 million to their parent companies during last six years without paying a single
The rates moved both ways on the local currency market on Saturday in process of trading, experts said. On the interbank market the rupee limited its decline against dollar, losing three paisa at 84.43 for buying and one paisa for selling at 84.46, they s
Japanese researchers said Saturday they have developed a humanoid robot that can laugh and smile as it mimics a person's facial expressions. The robot, Geminoid TMF, can move its rubber facial skin to imitate a smile, a laugh showing teeth, and a grim loo
The rates moved both ways on the local currency market on Saturday in process of trading, experts said. On the interbank market the rupee limited its decline against dollar, losing three paisa at 84.43 for buying and one paisa for selling at 84.46, they s
Prime Minister Yousuf Raza Gilani has directed the Ministry of Petroleum to seek clearance of billion-dollar LNG deal from Finance Ministry and Planning Commission before issuing guarantees, as the top guns of Petroleum Ministry were alleged to have ignor
The worst of Greece's financial crisis is over but the debt-stricken country must tackle cronyism and cut back on waste to emerge a stronger nation, Prime Minister George Papandreou said. His government has introduced austerity measures and won a financia
Prime Minister Yousuf Raza Gilani has directed the Ministry of Petroleum to seek clearance of billion-dollar LNG deal from Finance Ministry and Planning Commission before issuing guarantees, as the top guns of Petroleum Ministry were alleged to have ignor
China has agreed to lend at least $1.8 billion in soft loans to Indonesia as part of its free trade agreement with the 10-member Association of South East Asian Nations (ASEAN), a minister said on Saturday.
The major revenue spinners of withholding tax (WHT) during first half of 2009-10 were contracts and supplies, imports, salaries, telephone, exports, bank interest, electricity, cash withdrawals and dividends. The FBR quarterly review, issued on Saturday,
State-run Oman Air has raised its capital by 67 percent to $1.3 billion and plans to add new destinations, while its CEO said 2010 was expected to be a difficult year for the airline and the whole industry. "Looking forward to 2010, I am under no illusion
China has promised Pakistan complete co-operation in the development of energy sector, particularly in the field of oil and gas exploration, its related services and coal processing. The assurance was given when a 5-member Pakistani delegation led by Depu
British Business Secretary Peter Mandelson on Saturday called the president of Barclays bank the "unacceptable face of banking" in an unusually personal attack ahead of an imminent national election. Mandelson told the Times newspaper that Bob Diamond, he
China has promised Pakistan complete co-operation in the development of energy sector, particularly in the field of oil and gas exploration, its related services and coal processing. The assurance was given when a 5-member Pakistani delegation led by Depu
Bangladesh shut five fertiliser factories on Saturday to save nearly 250 million cubic feet (mmcft) of natural gas a day in the face of acute electricity shortages, a senior official said. "The gas will be diverted to different power plants to produce mor
China has promised Pakistan complete co-operation in the development of energy sector, particularly in the field of oil and gas exploration, its related services and coal processing. The assurance was given when a 5-member Pakistani delegation led by Depu
Apple's heavily hyped iPad went on sale Saturday in the United States with excited customers crowding to get their hands on what some see as a major new step in the digital revolution. The Apple flagship store in New York greeted hundreds of people who ha
Japan's Finance Minister said on Saturday he told Chinese Premier Wen Jiabao he expects China to make a wise decision about its yuan currency amid international pressure for China to let it strengthen. "The issue of the yuan, currencies and excess liquidi
The major revenue spinners of withholding tax (WHT) during first half of 2009-10 were contracts and supplies, imports, salaries, telephone, exports, bank interest, electricity, cash withdrawals and dividends. The FBR quarterly review, issued on Saturday,
Japanese Finance Minister Naoto Kan said on Saturday he told China that Japan cannot yet embark on an exit strategy from stimulus measures adopted in the wake of the financial crisis. Speaking at a news conference after financial dialogue talks in Beijing
The major revenue spinners of withholding tax (WHT) during first half of 2009-10 were contracts and supplies, imports, salaries, telephone, exports, bank interest, electricity, cash withdrawals and dividends. The FBR quarterly review, issued on Saturday,
Two Chinese Rio TINTO brstoriesemployees jailed for stealing trade secrets and pocketing millions in bribes have decided to appeal, their lawyers said Saturday. Wang Yong and Liu Caikui will appeal against their jail terms of 14 and seven years respective
The share of sales tax on imports in total sales tax collection has come down from 48 percent in the first half of 2008-09 to 45 percent in July-December 2009-10. The FBR quarterly report, issued on Saturday, said that collection of sales tax on imports g
The share of sales tax on imports in total sales tax collection has come down from 48 percent in the first half of 2008-09 to 45 percent in July-December 2009-10. The FBR quarterly report, issued on Saturday, said that collection of sales tax on imports g
The share of sales tax on imports in total sales tax collection has come down from 48 percent in the first half of 2008-09 to 45 percent in July-December 2009-10. The FBR quarterly report, issued on Saturday, said that collection of sales tax on imports g
Thousands of workers went on strike on Friday at a Taiwanese-owned shoe factory in southern Vietnam, demanding better pay and benefits, state-run newspapers reported. Some hurled shrimp paste sauce and splashed pig's blood on workers who were not particip