The KSE-100 index on Wednesday lost 77.67 points and closed at 9,735.38 points, mainly due to selling by local investors. The market opened on a negative note and the index hit 9,683.91 points intra-day low level, down 129.14 points. Trading also shrank a
The KSE-100 index on Wednesday lost 77.67 points and closed at 9,735.38 points, mainly due to selling by local investors. The market opened on a negative note and the index hit 9,683.91 points intra-day low level, down 129.14 points. Trading also shrank a
The KSE-100 index on Wednesday lost 77.67 points and closed at 9,735.38 points, mainly due to selling by local investors. The market opened on a negative note and the index hit 9,683.91 points intra-day low level, down 129.14 points. Trading also shrank a
Turkmenistan, which failed to submit third-party certification of Dauletabad gas field reserves, has now offered a new supply source, Osman/ Yolatan gas field, which has raised serious concerns in Pakistan, sources exclusively told Business Recorder</i
Turkmenistan, which failed to submit third-party certification of Dauletabad gas field reserves, has now offered a new supply source, Osman/ Yolatan gas field, which has raised serious concerns in Pakistan, sources exclusively told Business Recorder</i
Turkmenistan, which failed to submit third-party certification of Dauletabad gas field reserves, has now offered a new supply source, Osman/ Yolatan gas field, which has raised serious concerns in Pakistan, sources exclusively told Business Recorder</i
The multi-billion dollars Reko Diq project in Balochistan may be further delayed due to scarcity of funds and misunderstanding between the federal and provincial governments over the funding percentage issue, sources told Business Recorder. Reko Di
The multi-billion dollars Reko Diq project in Balochistan may be further delayed due to scarcity of funds and misunderstanding between the federal and provincial governments over the funding percentage issue, sources told Business Recorder. Reko Di
The multi-billion dollars Reko Diq project in Balochistan may be further delayed due to scarcity of funds and misunderstanding between the federal and provincial governments over the funding percentage issue, sources told Business Recorder. Reko Di
The Federal Board of Revenue (FBR) will get nothing in the form of sales tax despite sizeable escalation in the price of sugar in the open market as the prevailing method of sales tax calculation is based on assessable value of the commodity. Sources told
The Federal Board of Revenue (FBR) will get nothing in the form of sales tax despite sizeable escalation in the price of sugar in the open market as the prevailing method of sales tax calculation is based on assessable value of the commodity. Sources told
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (September 01, 2010).
The Federal Board of Revenue (FBR) will get nothing in the form of sales tax despite sizeable escalation in the price of sugar in the open market as the prevailing method of sales tax calculation is based on assessable value of the commodity. Sources told
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 01, 2010).
The Large Taxpayer Unit (LTU) at Lahore has detected short/non-payment of sales tax by several sugar mills of Punjab, causing huge loss to the national kitty. Sources told Business Recorder here on Tuesday that the audit teams of the tax department
The Large Taxpayer Unit (LTU) at Lahore has detected short/non-payment of sales tax by several sugar mills of Punjab, causing huge loss to the national kitty. Sources told Business Recorder here on Tuesday that the audit teams of the tax department
The Large Taxpayer Unit (LTU) at Lahore has detected short/non-payment of sales tax by several sugar mills of Punjab, causing huge loss to the national kitty. Sources told Business Recorder here on Tuesday that the audit teams of the tax department
Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (September 01, 2010).
Ministry of Industries and Production (MoI&P) and Pakistan Sugar Mills Association (PSMA) are presenting contradictory figures with respect to sugar stocks held by mills, informed sources revealed to Business Recorder. According to the MoI&P, stock
Ministry of Industries and Production (MoI&P) and Pakistan Sugar Mills Association (PSMA) are presenting contradictory figures with respect to sugar stocks held by mills, informed sources revealed to Business Recorder. According to the MoI&P, stock
Ministry of Industries and Production (MoI&P) and Pakistan Sugar Mills Association (PSMA) are presenting contradictory figures with respect to sugar stocks held by mills, informed sources revealed to Business Recorder. According to the MoI&P, stock
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
Thirty people were killed and over 200 others injured in three explosions at a Yaum-e-Ali procession here on Wednesday. The first blast of low intensity took place outside Karbala Gaamey Shah. Later, two suicide bombers blew themselves up in a crowd of th
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
Thirty people were killed and over 200 others injured in three explosions at a Yaum-e-Ali procession here on Wednesday. The first blast of low intensity took place outside Karbala Gaamey Shah. Later, two suicide bombers blew themselves up in a crowd of th
Wall Street ended sharply higher on Wednesday, posting its best day in eight weeks, as investor mood brightened after better-than-expected factory data from the United States and China. Based on the latest available data, the Dow Jones industrial average
Wall Street ended sharply higher on Wednesday, posting its best day in eight weeks, as investor mood brightened after better-than-expected factory data from the United States and China. Based on the latest available data, the Dow Jones industrial average
Wall Street ended sharply higher on Wednesday, posting its best day in eight weeks, as investor mood brightened after better-than-expected factory data from the United States and China. Based on the latest available data, the Dow Jones industrial average
The Kuwait-based software supplier, ''Agility'' is prepared to sell Pakistan Automated Customs Computerised System (PaCCS) to the Federal Board of Revenue (FBR), it is learnt. Even trade sector has offered to put up money for buying the system as it has b
ICE Canadian canola futures traded mostly lower on Tuesday as traders squared month-end positions and funds and farmers sat on the sidelines, traders said. Farmers not selling into cash market with wet turn in the weather, easing hedge pressure-trader. US
The Kuwait-based software supplier, 'Agility' is prepared to sell Pakistan Automated Customs Computerised System (PaCCS) to the Federal Board of Revenue (FBR), it is learnt. Even trade sector has offered to put up money for buying the system as it has bee
The global 2010/11 soyabean crop is likely to reach 257.27 million tonnes, above estimated season consumption of 253.8 million tonnes, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. This compares with 2009/10 output of 260.7 million tonnes
The Kuwait-based software supplier, 'Agility' is prepared to sell Pakistan Automated Customs Computerised System (PaCCS) to the Federal Board of Revenue (FBR), it is learnt. Even trade sector has offered to put up money for buying the system as it has bee
China's grain authority in the top soya province of Heilongjiang has met with local crushers to seek their advise on sales of state soya reserves, local crusher officials said on Wednesday. But no decision was made on whether Beijing would continue to off
The Chairman of Pakistan Cricket Board (PCB), Ijaz Butt, has termed the investigation as 'strange', and part of 'preconceived conspiracy', as the raids on hotel rooms were conducted without prior approval of the ICC. In a letter to the Secretary General t
Global wheat output is forecast to fall to 646 million tonnes this year, down 5 percent from 2009, the United Nations' food agency said on Tuesday, cutting its earlier projection due to lower crops in drought-hit Russia. Russia's wheat output is expected
The Chairman of Pakistan Cricket Board (PCB), Ijaz Butt, has termed the investigation as 'strange', and part of 'preconceived conspiracy', as the raids on hotel rooms were conducted without prior approval of the ICC. In a letter to the Secretary General t
The Karachi Port handled 62,778 tonnes of cargo including 53,215 tonnes of import cargo, 9,563 tonnes of export cargo, 2,028 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 53,215 tonnes compris
US wheat futures rose more than 2 percent on Wednesday and corn rose over 1 percent as concern about tight supplies intensified after bad crop weather in top exporting nations. Strength in wheat also came from the poor quality of rain-damaged grain in Eur
Official spot rate was lowered on the cotton market on Wednesday as floodwater is going into the sea, dealers said. The Karachi Cotton Association (KCA) official spot rate was dropped by Rs 50 to Rs 6,500, they said. In the ready business over 10,000 bale
Cash bids for hard red winter wheat in the US Plains were mostly steady on Wednesday amid tight storage and light movement, merchants said. Merchants noted steady but light farmer sales. Elevators began to worry about wheat storage space as corn harvest g
At least four retailers from Europe and Asia are poised to submit first-round bids for Carrefour SA's roughly $1 billion-worth of Southeast Asian assets on Wednesday, sources said, showing robust demand for the retail operations. France's Carrefour, Europ
Taiwan's Fubon Financial put its name forward on Wednesday as a possible buyer of American International Group Inc's (AIG) Taiwan unit after the collapse of a planned $2.2 billion sale to a Chinese-led group. Fubon, one of the losing bidders for the Nan S
Burger King Holdings Inc has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday, lifting its shares 18.5 percent. The second-biggest US hamburger chain has underperformed rival
Germany may import up to one million tonnes of milling wheat in the coming year, its first major imports for a decade, after rain seriously damaged the country's harvest, the head of German flour mills association VDM said on Wednesday. Most of the import
China may launch an antimonopoly probe into BHP Billiton's $39 billion bid for Canada's Potash Corp, the China Business News said on Wednesday, citing a source familiar with the matter. China will also review the merger of two Russian potash firms - Uralk
State-owned Korea Development Bank (KDB) plans to price debt as early as Wednesday, taking advantage of a broad market recovery as upbeat data from China and Australia lifted investor sentiment. The Asia ex-Japan iTraxx investment-grade index narrowed 3 b
State-owned Korea Development Bank (KDB) plans to price debt as early as Wednesday, taking advantage of a broad market recovery as upbeat data from China and Australia lifted investor sentiment. The Asia ex-Japan iTraxx investment-grade index narrowed 3 b
Taiwan stocks closed up 0.68 percent on Wednesday as investors sought bargains after the previous day's fall, but Quanta Computer Inc fell after it reported weaker-than-expected quarterly earnings. Deng said the TAIEX could face selling pressure when it h
Indonesian shares rose 1.7 percent to snap a three-day losing streak on Wednesday as fears over inflation eased, while strong growth in emerging Southeast Asian economies supported other markets in the region. Annual inflation in Indonesia, Southeast Asia
US stocks ended little changed in choppy trading on Tuesday, closing out an August the bulls would like to forget. Positive data surprises sustained a rally for most of the session, but declines in technology shares capped overall gains. The S&P 500 bounc
European credit spreads tightened marginally on Wednesday, tracking other risk markets, with Asian stocks rebounding on reports of strong manufacturing in China and better-than-expected US consumer confidence data. The primary market has reopened and more
European credit spreads tightened marginally on Wednesday, tracking other risk markets, with Asian stocks rebounding on reports of strong manufacturing in China and better-than-expected US consumer confidence data. The primary market has reopened and more
US Treasury debt prices gained on Tuesday after the release of minutes from the August 10 Federal Reserve policy meeting said Fed policymakers saw increasing risks to economic growth. The minutes underscored investors' concerns that the US recovery is fal
US Treasury debt prices gained on Tuesday after the release of minutes from the August 10 Federal Reserve policy meeting said Fed policymakers saw increasing risks to economic growth. The minutes underscored investors' concerns that the US recovery is fal
Indian shares began the month on a positive note led by software firms and closed Wednesday 1.3 percent higher, their best gain in 10 weeks, tracking regional markets which were boosted by a Chinese manufacturing rebound. India's top software services fir
Shanghai stocks slipped on Wednesday as profit taking and concerns about shrinking profit margains offset a pick up in Chinese manufacturing activity that helped boost other Asian markets. Hong Kong shares staged a small technical rebound, with the benchm
Japan's Nikkei average rose 1.2 percent after hitting a 16-month low on Wednesday, drawing support from a halt in the rapid advance in the yen on a manufacturing rebound in China and stronger-than-expected growth in Australia. Market players said other he
Seoul shares rose on Wednesday boosted by auto counters including Kia Motors, which gained on solid August sales data, and rallies in domestic consumption-focused issues such as Lotte Shopping. The Korea Composite Stock Price Index (KOSPI) ended up 1.26 p
European shares registered their biggest daily gain in more than three months on Wednesday, on strong manufacturing data from the United States and China, the world's two biggest economies. The FTSEurofirst 300 index of leading European shares rose 2.9 pe
M&A talk among the travel, telecoms and mining sectors helped Britain's top shares to their biggest daily gain in almost two months on Wednesday, as strong manufacturing data from the US and China boosted sentiment. The FTSE 100 closed up 141.19 points, o
Euro interbank lending rates were steady on Wednesday, a day ahead of a European Central Bank meeting expected to approve the provision of unlimited funding to the banking sector at least until year-end. With parts of the eurozone banking system still hea
Sterling hit a three-week low against the euro on Wednesday after a UK purchasing managers' survey came in sharply lower than expectations, raising concerns the UK economy could struggle in the coming months. Against the dollar, the pound rose strongly, h
The yen fell on Wednesday as the Australian dollar surged on faster-than-expected growth in Australia's economy and a moderate rebound in China's manufacturing sector. The yen extended losses slightly after Japanese ruling party powerbroker Ichiro Ozawa,
The dollar fell versus a basket of currencies on Wednesday as upbeat data from China and Australia revived shaky equity markets and gave a boost to risk sentiment. Australia's economy grew at the fastest pace in three years in the second quarter as househ
The US dollar fell against major currencies on Wednesday after upbeat data around the world soothed worries about the health of the global economy, boosting investors' appetite for riskier assets. The euro climbed above $1.2850 and the Australian dollar s
The yen rose and was on track for its fourth consecutive monthly advance against the dollar on Tuesday, its longest winning streak in 19 months, as investors shrugged off Japan's latest easing move. Demand for the safe-haven currency rose in the past mont
The Indian rupee retreated from a more than one-month low on Wednesday, boosted by firm domestic shares and supported by losses in the dollar against major currencies overseas. The partially convertible rupee ended Wednesday at 46.805/815 per dollar, stro
The South Korean won and Malaysian ringgit led a broad Southeast Asian currency rally on Wednesday as Chinese and Indian data revived appetite for risk assets, sending stocks in the region higher. China's manufacturing sector regained some momentum in Aug
The Swiss franc slipped off the previous day's all-time high against the euro on Wednesday, as investors' worries about the global economy eased a bit following encouraging US and Australian economic data. Against the greenback the Swissie, which investor
The yuan closed lower against the dollar on Wednesday after scoring its biggest monthly loss in August since its landmark 2005 revaluation, guided by a weak mid-point and ignoring a rebound in China's manufacturing sector. The yuan's weakness comes as a s
The Australian dollar tore higher on Wednesday, hitting four-month highs on its New Zealand neighbour, spurred on by an impressive domestic growth report and firm Chinese data. The Australian dollar climbed as far as $0.9004 after data showed Australia's
The Vice Chancellor Sindh University Professor Dr Nazir A Mughal proceeded to USA on a personal visit under ex-Pakistan leave up to September 12, here on Wednesday. The Sindh University has issued a notification in this regard. According to notification,
Many exhibitions are being held now-a-days which cater to products ranging from consumer goods to textile and other leading industry. However, it has long been felt that no platform exists in the country, which effectively projects the latest developments
Punjab Chief Minister Shahbaz Sharif presided over a meeting on Wednesday organised to review progress of low cost housing schemes. Chairman Punjab Land Development Company, Sheikh Allaudin gave a detailed briefing. The chief minister said that the Punjab
Jamaat-e-Islami secretary general, Liaquat Baloch, has condemned the misbehaviour with a high level Pakistani military delegation in the US and said this should be an eye opener for the Pakistani rulers and policy makers claiming to be US's front line all
The National Environmental Quality Standards (NEQS) which were fixed at level of 150 mg/liter chemical oxygen demand (COD) are unachievable for the leather industry thus the government should immediately provide interim relief and reduce the NEQ standards
Federal Minister for Environment Hameed Ullah Jan Afridi said that a variety of chemicals have changed the course of modern history and have acted as catalyst in improving the living standards of human race. He said this during his meeting with a delegati
It has become a 'dream' for the poor labourers that they would be provided with the minimum wage of Rs 7,000, fixed by the federal government, as industries are reluctant to comply with the decision, it is learnt. More than 60 percent industries in Sindh
India's Sania Mirza saw her US Open hopes come crashing down on Tuesday when she lost a second-round tie 6-2, 6-4 to Anastasia Pavlyuchenkova of Russia. The 23-year-old from Hyderabad, who is battling back after dropping out of the world top 100 due to a