Ministry of Law and Justice on Thursday removed Deputy Attorney General Agha Tariq Mehmood from his office. When contacted, the Attorney General office confirmed the issuance of notification of Tariq's removal. Sources in the ministry said that the minist
Ministry of Law and Justice on Thursday removed Deputy Attorney General Agha Tariq Mehmood from his office. When contacted, the Attorney General office confirmed the issuance of notification of Tariq's removal. Sources in the ministry said that the minist
Karachi Stock Exchange (KSE) would send its suggestions on Capital Gain Tax Draft Rules to the Federal Board of Revenue in a day or two. It was decided at a meeting between the Federal Board of Revenue and Karachi Stock Exchange, held here on Thursday.
Karachi Stock Exchange (KSE) would send its suggestions on Capital Gain Tax Draft Rules to the Federal Board of Revenue in a day or two. It was decided at a meeting between the Federal Board of Revenue and Karachi Stock Exchange, held here on Thursday.
Karachi Stock Exchange (KSE) would send its suggestions on Capital Gain Tax Draft Rules to the Federal Board of Revenue in a day or two. It was decided at a meeting between the Federal Board of Revenue and Karachi Stock Exchange, held here on Thursday.
Karachi Stock Exchange (KSE) would send its suggestions on Capital Gain Tax Draft Rules to the Federal Board of Revenue in a day or two. It was decided at a meeting between the Federal Board of Revenue and Karachi Stock Exchange, held here on Thursday.
Mixed trend was witnessed at the Islamabad Stock Exchange (ISE) where equities showed normal business under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 4.05 points as the Index moved from 2,444.16 to 2,440.11 points. The ov
Mixed trend was witnessed at the Islamabad Stock Exchange (ISE) where equities showed normal business under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 4.05 points as the Index moved from 2,444.16 to 2,440.11 points. The ov
Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities moved both ways and finally settled in positive zone amid ascending transaction volume on account of fresh buying in selective scrips.
Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities moved both ways and finally settled in positive zone amid ascending transaction volume on account of fresh buying in selective scrips.
A Japanese ruling party panel discussed currency intervention and recommended on Thursday that the government ask the Bank of Japan to take monetary policy a step further to counter a rising yen, increasing pressure on the central bank to act before its r
Indian Prime Minister Manmohan Singh on Thursday said that the country's widening divide between rich and poor was a factor that encouraged crime and caused difficulties for police. Singh told a conference of police chiefs in New Delhi that national secur
Federal officials say a Pakistani man from Maine has been released from jail 15 weeks after he was arrested on an immigration violation while police were investigating the attempted Times Square car bombing. Ross Feinstein of US Immigration and Customs En
Global automakers in India are planning to launch new models and boost investment in the country, executives said at a conference, signalling brisk demand in one of the fastest growing car markets in the world. French car maker Renault's Indian unit will
Standard & Poor''s said Thursday that flood-hit Pakistan''s sovereign credit rating would not be immediately impacted, expressing confidence the IMF would ease loan financing terms to the nation. "Financial support from the international community should
Standard & Poor's said Thursday that flood-hit Pakistan's sovereign credit rating would not be immediately impacted, expressing confidence the IMF would ease loan financing terms to the nation. "Financial support from the international community should en
Standard & Poor's said Thursday that flood-hit Pakistan's sovereign credit rating would not be immediately impacted, expressing confidence the IMF would ease loan financing terms to the nation. "Financial support from the international community should en
Chief of the Army Staff General Ashfaq Pervez Kayani has offered Pak army''s services in distributing relief goods, collected by the business community, to help the flood affected people of the country. He made this offer in a meeting with the representat
Chief of the Army Staff General Ashfaq Pervez Kayani has offered Pak army's services in distributing relief goods, collected by the business community, to help the flood affected people of the country. He made this offer in a meeting with the representati
Chief of the Army Staff General Ashfaq Pervez Kayani has offered Pak army's services in distributing relief goods, collected by the business community, to help the flood affected people of the country. He made this offer in a meeting with the representati
The Pakistani Taliban is planning attacks on foreigners offering assistance in the aftermath of devastating floods in Pakistan, a US official warned Wednesday. "According to information available to the US government, Tehreek-e-Taliban plans to conduct at
The Pakistani Taliban is planning attacks on foreigners offering assistance in the aftermath of devastating floods in Pakistan, a US official warned Wednesday. "According to information available to the US government, Tehreek-e-Taliban plans to conduct at
Pakistan wants to stay on track with its International Monetary Fund loan programme and demonstrate its resolve to make tough economic decisions, Finance Minister Abdul Hafeez Shaikh said on Thursday. "We want to remain on track with the IMF programme bec
Pakistan wants to stay on track with its International Monetary Fund loan programme and demonstrate its resolve to make tough economic decisions, Finance Minister Abdul Hafeez Shaikh said on Thursday. "We want to remain on track with the IMF programme bec
Pakistan wants to stay on track with its International Monetary Fund loan programme and demonstrate its resolve to make tough economic decisions, Finance Minister Abdul Hafeez Shaikh said on Thursday. "We want to remain on track with the IMF programme bec
The IMF said Thursday it was exploring all avenues to help flood-battered Pakistan amid extensive talks over possible easing of terms of a current 11-billion-dollar loan facility. "We''re looking at all options in terms of how we can assist Pakistan in th
The IMF said Thursday it was exploring all avenues to help flood-battered Pakistan amid extensive talks over possible easing of terms of a current 11-billion-dollar loan facility. "We're looking at all options in terms of how we can assist Pakistan in the
The IMF said Thursday it was exploring all avenues to help flood-battered Pakistan amid extensive talks over possible easing of terms of a current 11-billion-dollar loan facility. "We're looking at all options in terms of how we can assist Pakistan in the
The ''Reform Co-ordination Group'' (RCG) of the Federal Board of Revenue (FBR) has proposed to make it mandatory for the manufacturers, distributors and wholesalers to provide particulars of all registered and un-registered buyers and sellers under the sa
The 'Reform Co-ordination Group' (RCG) of the Federal Board of Revenue (FBR) has proposed to make it mandatory for the manufacturers, distributors and wholesalers to provide particulars of all registered and un-registered buyers and sellers under the sale
The 'Reform Co-ordination Group' (RCG) of the Federal Board of Revenue (FBR) has proposed to make it mandatory for the manufacturers, distributors and wholesalers to provide particulars of all registered and un-registered buyers and sellers under the sale
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 Cabinet is likely to grant ex post facto approval of the Asian Development Bank supported Securities Bill 2010, in its forthcoming meeting, to be presided over by Prime Minister Syed Yousuf Raza Gilani. Well informed sources in the Finance Min
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 federal Cabinet is likely to grant ex post facto approval of the Asian Development Bank supported Securities Bill 2010, in its forthcoming meeting, to be presided over by Prime Minister Syed Yousuf Raza Gilani. Well informed sources in the Finance Min
The federal Cabinet is likely to grant ex post facto approval of the Asian Development Bank supported Securities Bill 2010, in its forthcoming meeting, to be presided over by Prime Minister Syed Yousuf Raza Gilani. Well informed sources in the Finance Min
On Thursday, BRIndex30 opened at 7,388.79 and remained positive for most of the trading session except for one short dive into the red within an hour of market opening. It touched an intraday high of 7,476.11 and an intraday low of 7,370.18 and closed at
On Thursday, BRIndex30 opened at 7,388.79 and remained positive for most of the trading session except for one short dive into the red within an hour of market opening. It touched an intraday high of 7,476.11 and an intraday low of 7,370.18 and closed at
The KSE-100 index on Thursday recovered 30.56 points and closed at the level of 9,584.37 points on the back of foreign investors and institutional support. After opening in positive territory, the index dropped into negative zone to hit 9,544.49 points in
The Karachi Port handled 84,530 tonnes of cargo including 51,127 tonnes of import cargo, 33,403 tonnes of export cargo, 2,828 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 51,127 tonnes compris
The KSE-100 index on Thursday recovered 30.56 points and closed at the level of 9,584.37 points on the back of foreign investors and institutional support. After opening in positive territory, the index dropped into negative zone to hit 9,544.49 points in
Soyabean spot basis bids fell sharply at US Midwest river terminals and rose sharply at processors around the region on Wednesday while bids for corn were weak along the river and mostly steady interior, grain merchants said. Farmer sales were nearly non-
The KSE-100 index on Thursday recovered 30.56 points and closed at the level of 9,584.37 points on the back of foreign investors and institutional support. After opening in positive territory, the index dropped into negative zone to hit 9,544.49 points in
Marginal business was seen on the wholesale grain and seed market on Thursday as most of the buyers kept on the sidelines due to higher rates, dealers said. On the cereal side grams Australia was quoted at Rs 5000-5200, grams 50x50 was higher by Rs 100 to
Oil and Gas Regulatory Authority (Ogra) has proposed to the Ministry of Petroleum and Natural Resources to amend existing gas price mechanism by linking rates with Gas Calorific Value (GCV), sources in Ogra revealed exclusively to Business Recorder
Russia, the world's former No 3 wheat exporter, may need to import up to six million tonnes of grain in the current 2010/11 crop year to compensate for a severe drought, a leading Russian analyst said on Thursday. "Maybe we will not import all of this, bu
Oil and Gas Regulatory Authority (Ogra) has proposed to the Ministry of Petroleum and Natural Resources to amend existing gas price mechanism by linking rates with Gas Calorific Value (GCV), sources in Ogra revealed exclusively to Business Recorder
US wheat futures fell 4 percent to their lowest level in a week on Wednesday on a wave of technical selling after Egypt bypassed US supplies in its latest purchase, traders said. "I think its a technical blow-off," said Mike Krueger, president of The Mone
Oil and Gas Regulatory Authority (Ogra) has proposed to the Ministry of Petroleum and Natural Resources to amend existing gas price mechanism by linking rates with Gas Calorific Value (GCV), sources in Ogra revealed exclusively to Business Recorder
Sharp rise was seen on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The July contract that had ended at Rs 1000.30 opened with a gain of 20 paisa at Rs 1000.50, dealers said. The December vaida which closed at
The government is finding it extremely difficult to consider any increase in power tariff despite immense pressure to eliminate subsidy and reduce the existing 33 percent gap between power production cost and tariff, sources in the Finance Ministry said.
More rains in some parts of country, helped cotton prices halt sharp losses amid good trading, dealers said on the cotton market on Thursday. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 6,450, they said. In the ready business n
The government is finding it extremely difficult to consider any increase in power tariff despite immense pressure to eliminate subsidy and reduce the existing 33 percent gap between power production cost and tariff, sources in the Finance Ministry said.
Barring a short-lived spike early this week which later petered out, cotton prices have more or less remained steady over the past one week or so. Some volatility creeps in and the market becomes fidgety due to uncertainty bred by rains and floods of garg
The government is finding it extremely difficult to consider any increase in power tariff despite immense pressure to eliminate subsidy and reduce the existing 33 percent gap between power production cost and tariff, sources in the Finance Ministry said.
Barring a short-lived spike early this week which later petered out, cotton prices have more or less remained steady over the past one week or so. Some volatility creeps in and the market becomes fidgety due to uncertainty bred by rains and floods of garg
The National Electric Power Regulatory Authority (Nepra) has slashed electricity tariff for consumers of nine power Distribution Companies (Discos) by 38 paisa per unit on account of fuel surcharge adjustment. However, this impact will not be passed on to
Japanese carmaker Toyota on Thursday ordered a recall of more than 1 million Corolla and Matrix models in North America, adding to safety woes that have plagued the world's largest carmaker for the past year. Toyota in a statement said it was recalling 1.
The National Electric Power Regulatory Authority (Nepra) has slashed electricity tariff for consumers of nine power Distribution Companies (Discos) by 38 paisa per unit on account of fuel surcharge adjustment. However, this impact will not be passed on to
Australian business investment unexpectedly fell last quarter as weakness in consumer-exposed sectors overshadowed strength in mining and manufacturing, suggesting the economy was not quite as hot as hoped. Yet Thursday's data also showed firms had marked
The National Electric Power Regulatory Authority (Nepra) has slashed electricity tariff for consumers of nine power Distribution Companies (Discos) by 38 paisa per unit on account of fuel surcharge adjustment. However, this impact will not be passed on to
The Philippines said Thursday it recorded its best half-year economic growth for more than 20 years as investor confidence improved following smooth national elections. The economy expanded by a surprisingly strong 7.9 percent in the first half of 2010, t
Christians affected by the devastating floods in Pakistan face "systematic discrimination" in the distribution of aid, the news agency of a Vatican missionary body reported Thursday. The Fides news agency, a branch of the Vatican's Congregation for the Ev
A Japanese research team said Thursday it had developed the world's first 3D television system that allows users to touch, pinch or poke images floating in front of them. "It is the first time that you can feel images in the air," said Norio Nakamura, sen
Christians affected by the devastating floods in Pakistan face "systematic discrimination" in the distribution of aid, the news agency of a Vatican missionary body reported Thursday. The Fides news agency, a branch of the Vatican's Congregation for the Ev