Another activist of Ahle Sunnat Wal Jamaat (ASWJ) was gunned down by unidentified armed men in Lines Area on Monday. Killing of religious activist sparked violence in southern part of the city and business activities in the financial hub remained suspende
Punjab Chief Minister, Muhammad Shahbaz Sharif went to the memorial of the martyrs of September war in Batapur on Monday and laid floral wreaths on the graves. Special prayers were offered on this occasion for the martyrs as well as solidarity and prosper
The Federal Board of Revenue (FBR) has expressed displeasure over the failure of chartered accountant firms in completing composite audit of sales tax and income tax registered persons by August 31, 2010, and directed the CA firms to take strict penal act
Four people were killed on Monday when Indian security forces opened fire on stone-throwing protesters during fresh demonstrations against Indian rule in held Kashmir, police said. A total of 69 protesters and bystanders have been killed over the past thr
Sugar price surged by Rs 17 per kg during Ramazan despite the fact that the country had imported 125,625 tons of the commodity in July, contradicting the impression regarding its shortage in the country. "Sugar was available for Rs 65 on the first day of
The federal government has decided to implement the Supreme Court order, and the Law Ministry has issued the necessary directive to Irfan Qadir to immediately leave the Prosecutor General's office of National Accountability Bureau (NAB) and avoid any inte
Apropos a Business Recorder news item dated September 02, 2010 claiming Defence Purchase Department (DPD) terminating the contract with Attock Petroleum Limited (APL) under which the latter supplies Diesel (HSD), Kerosene (SKO) & Petrol (PMG) to ar
Italy and Pakistan here on Monday signed the minutes of projects approved under the Pak-Italian Debt Swap Agreement (PIDSA), totalling to an amount of Rs 3.13 billion. The minutes were inked by Secretary Economic Affairs Division, Sibtain Fazal Halim and
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 06, 2010).
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
India-based LMJ International made the lowest offer at $332.90 a tonne, including C&F liner out, in a Bangladesh tender to import 70,000 tonnes of wheat which opened on Monday, a food official said. The tender was issued by the state grains buyer early la
Slow business was seen on the wholesale grain and seed market on Monday as most of the buyers were on the sidelines due to lack of buying interest, dealers said. On the seed side til lost Rs 100 to Rs 3700-4100 in process of trading and cottonseed oilcake
Rising trend was seen on the forward cottonseed oilcake market on Monday in the process of trading, dealers said. The July contract that ended last week at Rs 1002.80 opened with a gain of 40 paisa at Rs 1003.20, dealers said. The December vaida closed at
Prices, though stable, showed mixed pattern on active demand on the cotton market on Monday despite the persisting rise in the NY cotton futures, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 100 to Rs 6,400, they
Guatemala's high-quality coffee crop is safe from a spate of landslides caused by heavy rains this weekend that killed dozens of people, the national coffee organisation Anacafe said on Monday.
The Karachi Port handled 264,439 tonnes of cargo including 186,660 tonnes of import cargo, 77,779 tonnes of export cargo, 4,623 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 186,660 tonnes compri
India-based M. Sons International made the lowest offer of $484.51 a tonne, including C&F liner out, in a Bangladesh tender to buy 30,000 tonnes of non-basmati parboiled rice that opened on Monday, a food official said. The tender was issued by the state
The French farm ministry on Monday raised its estimate for the 2010 soft wheat crop in the European Union's top producer on the back of an increase in its yield outlook. Soft wheat output was projected at 35.7 million tonnes, up from 35.2 million seen las
Cocoa bean exports from Sulawesi, Indonesia's main source, fell 24 percent in August from a year ago as traders held on to stocks due to lower prices and as trade slowed in the fasting month, an industry official said on Monday.
Asian naphtha price recovered marginally to reach a two-session high on Monday, with cracks extending slight losses to hit a four-session low as supplies were expected to build on incoming arbitrage volumes. Falling Indian spot premiums indicated the weak
Moscow on Monday gave another mixed signal about the duration of a grain export ban set initially from August 15 to December 31, but European Union grain markets continued to rise, apparently ignoring the latest twist. President Dmitry Medvedev signalled
China, the world's largest soya buyer, is on track for record soyabean import bookings in 2010/2011 (September-August) after the current year's estimated 52 million tonnes, also a record, due to the rapid expansion of its domestic crushing industry, a sen
The French farm ministry forecast on Monday this year's sugar beet crop at 30.4 million tonnes, down 13.3 percent on last year, in its first production estimate for the 2010 crop. Average yield was put at 79.82 tonnes per hectare, down from 93.9 tonnes in
Cloudy, rainy weather continued in Ivory Coast's cocoa-growing regions last week, blotting out sun needed to ripen cocoa pods and threatening bean quality, farmers and analysts said on Monday. Everywhere except the centre-western region of Daloa, which pr
Malaysia's once-vaunted biofuel industry has seen production grind to a halt since a March announcement that the government's mandatory switch to the green energy will be delayed to June 2011. Malaysia had ambitions to become a global leader in biodiesel
Economic growth will likely remain weak both in Europe and the United States, despite recent strong growth figures in Europe, and Germany in particular, IMF chief economist Olivier Blanchard said in remarks published on Monday.
The world economic crisis had a smaller impact on foreign investment than feared, a UN think-tank said Monday, noting that less than a fifth of firms surveyed drastically divested as a result of the downturn.
Europe's budget chief sparked a fierce row with Britain on Monday over the 'Thatcher rebate' which sees billions returned to London in lieu of farm payments to France and Germany.
European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve eurozone crises.
Germany's 10 biggest banks may need 105 billion euros ($141 billion) of additional capital under a revamp of banking rules designed to prevent future financial crises, the country's banking association said.
South African public sector workers suspended a pay strike on Monday as it entered its fourth week, union officials said. The strike by 1.3 million workers has affected education, healthcare and the judiciary. Strikers have demanded a double inflation 8.6
China has vowed to make it easier to import goods into its huge market as Beijing seeks to address controversial trade surpluses with its trading partners, a report said Monday. Beijing will "loosen its regulation of imports, cut import costs and make imp
About half of the Philippine population considers themselves poor despite robust economic growth, a survey showed on Monday. The independent study by the Social Weather Stations showed that at least 9.4 million families, about 50 percent, considered thems
President Hu Jintao hailed the southern export hub of Shenzhen as a "miracle" Monday as China marked 30 years of reforms in the city that provided the blueprint for the country's economic rebirth. "The Shenzhen Special Economic Zone created a miracle in t
World Trade Organisation chief Pascal Lamy urged Group of 20 leaders Monday to make a big push for the conclusion of the Doha round of global trade talks at their summit in November. The Doha round may be completed next year, he told reporters after talks
Russian monthly inflation in August hit its highest level for a decade as the effects of the country's worst ever drought ramped up prices, statistics showed Monday. Inflation in Russia was 0.6 percent for August 2010, significantly higher than before the
Levies on banks across Europe should be designed to avoid costly bills for ordinary taxpayers if debts go bad again in future, and not to prop up short-changed governments, the EU said on Monday. The drive to force banks to pay a percentage of their incom
Asian bonds extended gains on Monday, pushing spreads to their narrowest in nearly a month as investors were encouraged to buy the region's riskier but higher yielding credits after upbeat US job data. The Asia ex-Japan iTraxx investment-grade index narro
Asian bonds extended gains on Monday, pushing spreads to their narrowest in nearly a month as investors were encouraged to buy the region's riskier but higher yielding credits after upbeat US job data. The Asia ex-Japan iTraxx investment-grade index narro
Tokyo stocks rose 2.1 percent on Monday, gaining for a fourth day after fewer-than-expected US job losses in August bolstered optimism that the US economy would not fall back into recession. The benchmark Nikkei picked up momentum after it broke above its
Indian shares shot to a 31-month high and ended Monday 1.9 percent higher, their best single-day percentage-point gain in more than three months, tracking global stocks as concerns about the world's largest economy facing a double-dip recession faded afte
European shares edged higher on Monday, adding to a strong rally last week, with utilities rising after Germany extended nuclear power plants' lifespans, but in low volumes with Wall Street closed. Drugmaker GlaxoSmithKline was among shares falling, on co
European corporate credit derivative indexes continued a tightening bias on Monday on increased confidence that the United States would avoid dipping back into recession following strong economic and jobs figures. The upbeat mood is expected to drive more
European corporate credit derivative indexes continued a tightening bias on Monday on increased confidence that the United States would avoid dipping back into recession following strong economic and jobs figures. The upbeat mood is expected to drive more
Taiwan stocks finished up 0.78 percent on Monday at a nearly two-week closing high, led by Apple Inc's iPhone and iPad suppliers including Wintek Corp, on hopes of rising demand for the popular devices. But Hon Hai Precision Industry Co shed 2.7 percent t
Shares in Hong Kong and Shanghai rose on Monday, with the Hang Seng hitting a one-month high, after better-than-expected US job data eased some worries about the world's biggest economy. The Hang Seng Index jumped 1.8 percent to 21,355.8, highest since Au
Most Southeast Asian stock markets rose on Monday, with Indonesia setting another record high and Thailand rising to a 14-year high on optimism over the global recovery after better-than-expected US jobs data.
Seoul shares rose on Monday fuelled by gains in key technology and auto stocks such as Hynix Semiconductor and Hyundai Motor amid growing optimism about the global economy and corporate earnings. The Korea Composite Stock Price Index (KOSPI) finished up 0
Firmer banks and energy stocks, lifted by an improved outlook for the global economy, fuelled slight gains on Britain's top share index, pushing it to its highest close in over four months on Monday. The FTSE 100 ended 11.04 points, or 0.2 percent higher,
Sterling fell to a six-week low versus the euro on Monday, hit by market talk of heavy selling by a UK clearing bank and concerns over Britain's fragile economic recovery. Traders cited speculation that the order was related to the UK's contribution to th
The dollar dipped on Monday and looked poised to test a 15-year low against the yen after failing to retain gains made after US jobs data, although caution about Japanese intervention deterred further yen buying. Less-dire-than-expected US payrolls data l
The euro dipped on Monday as short-term players were squeezed out of long positions after the single currency touched a three-week high against the dollar, buoyed by Friday's US jobs data. US payrolls, which showed far fewer jobs lost than expected, eased
Interbank buy/sell rates for the taka against the dollar on Monday. 69.5800/69.5850 (previous 69.5800/69.5800). Call Money Rates: 5.25-10.00 percent (previous 4.50-8.00 percent).
The Indian rupee rose to a near four-week high on Monday boosted by firm local shares and other Asian peers, but pared some gains on dollar buying by importers. The partially convertible rupee closed at 46.53/54 per dollar, after touching 46.4550, its str
The Philippine peso led Asian currencies higher on Monday after better-than-expected US jobs data boosted risk-taking, prompting central banks in Thailand and Indonesia to intervene to temper the rise in their currencies. Asian stocks touched one-month hi
Benchmark euro interbank lending rates edged lower on Monday as the market adjusted to the prospect of unlimitedd liquidity into the new year The European Central Bank, which also kept its benchmark interest rate steady at a record low 1.0 percent last we
The Swiss franc stayed well clear off recent highs on Monday as investors were once again ready to turn to riskier investments in the wake of better-than-expected US jobs data on Friday. A Zurich-based trader said volumes in euro-Swiss franc were thin. "I
The yuan closed up against the dollar on Monday for a third straight day after the People's Bank of China fixed a stronger mid-point, signalling it had ended a round of moves to dampen yuan appreciation speculation. Until last Thursday, the PBOC set a sle
The New Zealand dollar rebounded on Monday as markets proved comfortable with the likely cost to the country from Saturday's magnitude 7.1 earthquake which caused widespread damage to its second-largest city. The NZ dollar initially dipped nearly a quarte
Huge posters plastered across the North Korean capital hailed the nation's biggest political convention in 30 years as a historic event as the world watched Monday for signs that the country's next leader was making his public debut. Party delegates from
Spain's government Monday rejected a cease-fire by Basque fighters ETA as totally inadequate and demanded it renounce guns and bombs forever in its battle for an independent homeland. The government, opposition, and media were united in their deep sceptic
Israeli Foreign Minister Avigdor Lieberman said Monday his ultra-nationalist Yisrael Beitenu party would block any attempt to extend a partial moratorium on settlements due to expire on September 26. But the Palestinians warned that failure to extend the
A Church of England vicar who oversaw hundreds of sham marriages to help migrants settle illegally in Britain was jailed for four years on Monday. The Reverend Alex Brown, 61, presided over 360 bogus ceremonies over four years at his small parish church o
The defence ministers of Russia and Israel on Monday signed an agreement on military co-operation, hailing the unity between Moscow and the Jewish state. Russian Defence Minister Anatoly Serdyukov and visiting Israeli counterpart Ehud Barak did not give d
Afghan President Hamid Karzai has ordered an investigation into the brutal killing of a prominent Afghan television journalist, Karzai's office said on Monday. Sayed Hamid Noori, an anchor for state network Radio Television Afghanistan (RTA), was stabbed
Lebanese Prime Minister Saad Hariri said in comments published on Monday that he erred in accusing Syria of the murder of his father, ex-premier Rafiq Hariri, in a 2005 bombing in Beirut. "At some point, we made a mistake," Hariri told the Saudi-owned dai
Tropical Storm Hermine strengthened in the Gulf of Mexico on Monday, threatening to become a hurricane before landfall, but no damage was reported to US or Mexican oil facilities. At 12:30 pm CDT (1750 GMT) Hermine, the eighth tropical storm of the 2010 A
A fishing boat capsized in the west of the Democratic Republic of Congo, killing at least 24 people, a government spokesman said Monday, amid fears that up to 60 people were missing. "Twenty-four people died in a capsize on the Ruki river in (western) Equ
Edward Nino Hernandez is in many ways a typical 24-year-old Colombian male. He loves to dance reggaeton, dreams of owning a car preferably a Mercedes and wants to see the world. Top on his list of people he would like to meet are Jackie Chan, Sylvester St
Afghanistan's government said Monday it has frozen assets held by some of Kabul Bank's owners as the crisis-hit institution faced huge withdrawals by depositors nation-wide. Hundreds of customers have been queuing at branches across the country for severa