Afghanistan will secure a planned international gas pipeline through the Taliban heartland by burying sections underground and paying local communities to guard it, the mining minister said on Wednesday. Wahidullah Shahrani also said he was confident the
Afghanistan will secure a planned international gas pipeline through the Taliban heartland by burying sections underground and paying local communities to guard it, the mining minister said on Wednesday. Wahidullah Shahrani also said he was confident the
Afghanistan will secure a planned international gas pipeline through the Taliban heartland by burying sections underground and paying local communities to guard it, the mining minister said on Wednesday. Wahidullah Shahrani also said he was confident the
The Pakistan Electric Power Company (Pepco) is said to have sought special exemption in customs duty on 320 MW power plant, gifted by United Arab Emirates (UAE), to be installed at Faisalabad, sources told Business Recorder here on Wednesday.
The Pakistan Electric Power Company (Pepco) is said to have sought special exemption in customs duty on 320 MW power plant, gifted by United Arab Emirates (UAE), to be installed at Faisalabad, sources told Business Recorder here on Wednesday.
The Pakistan Electric Power Company (Pepco) is said to have sought special exemption in customs duty on 320 MW power plant, gifted by United Arab Emirates (UAE), to be installed at Faisalabad, sources told Business Recorder here on Wednesday.
In the wake of floods surcharge and reformed general sales tax, the government may assign a new revenue collection target of Rs 1,689 billion (2010-11) to the Federal Board of Revenue as compared to the current target of Rs 1667 billion. The FBR would be
In the wake of floods surcharge and reformed general sales tax, the government may assign a new revenue collection target of Rs 1,689 billion (2010-11) to the Federal Board of Revenue as compared to the current target of Rs 1667 billion. The FBR would be
In the wake of floods surcharge and reformed general sales tax, the government may assign a new revenue collection target of Rs 1,689 billion (2010-11) to the Federal Board of Revenue as compared to the current target of Rs 1667 billion. The FBR would be
Provincial governments will revise their budgets to create fiscal space for reconstruction work once the damage needs assessment (DNA) of flood affected areas is completed and losses determined. Officials of provincial governments on condition of anonymit
Provincial governments will revise their budgets to create fiscal space for reconstruction work once the damage needs assessment (DNA) of flood affected areas is completed and losses determined. Officials of provincial governments on condition of anonymit
Provincial governments will revise their budgets to create fiscal space for reconstruction work once the damage needs assessment (DNA) of flood affected areas is completed and losses determined. Officials of provincial governments on condition of anonymit
Federal Finance Minister Dr Abdul Hafeez Sheikh on Wednesday termed the "elite" of the country as a major hurdle in broadening the tax base and responsible for promoting culture of tax evasion, which is dragging the economy away from self-reliance.
Federal Finance Minister Dr Abdul Hafeez Sheikh on Wednesday termed the "elite" of the country as a major hurdle in broadening the tax base and responsible for promoting culture of tax evasion, which is dragging the economy away from self-reliance.
Federal Finance Minister Dr Abdul Hafeez Sheikh on Wednesday termed the "elite" of the country as a major hurdle in broadening the tax base and responsible for promoting culture of tax evasion, which is dragging the economy away from self-reliance.
Pakistan has submitted a new budget 2010-11 to the IMF staff maintaining its fiscal deficit of 4 percent of GDP of Rs 685 billion, says an IMF Staff Paper released on Wednesday. IMF staff report indicates a revised budget 2010-11 submitted by the Finance
Pakistan has submitted a new budget 2010-11 to the IMF staff maintaining its fiscal deficit of 4 percent of GDP of Rs 685 billion, says an IMF Staff Paper released on Wednesday. IMF staff report indicates a revised budget 2010-11 submitted by the Finance
Pakistan has submitted a new budget 2010-11 to the IMF staff maintaining its fiscal deficit of 4 percent of GDP of Rs 685 billion, says an IMF Staff Paper released on Wednesday. IMF staff report indicates a revised budget 2010-11 submitted by the Finance
Pakistan has submitted a new budget 2010-11 to the IMF staff maintaining its fiscal deficit of 4 percent of GDP of Rs 685 billion, says an IMF Staff Paper released on Wednesday. IMF staff report indicates a revised budget 2010-11 submitted by the Finance
Over 800 containers of Pakistani rice worth $8.0 million have been held at the Kenyan port as the authorities refused to release them until laboratory analysis reports. Kenyan customs have imposed restrictions that all rice imported into the country will
Over 800 containers of Pakistani rice worth $8.0 million have been held at the Kenyan port as the authorities refused to release them until laboratory analysis reports. Kenyan customs have imposed restrictions that all rice imported into the country will
Over 800 containers of Pakistani rice worth $8.0 million have been held at the Kenyan port as the authorities refused to release them until laboratory analysis reports. Kenyan customs have imposed restrictions that all rice imported into the country will
Europe finally voted through landmark curbs Wednesday to clamp down on its finance industry just as fears returned that Ireland, like Greece, was staring down bankruptcy. The crossing of the final political hurdle at the European parliament marks the end
Europe finally voted through landmark curbs Wednesday to clamp down on its finance industry just as fears returned that Ireland, like Greece, was staring down bankruptcy. The crossing of the final political hurdle at the European parliament marks the end
Europe finally voted through landmark curbs Wednesday to clamp down on its finance industry just as fears returned that Ireland, like Greece, was staring down bankruptcy. The crossing of the final political hurdle at the European parliament marks the end
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 22, 2010). Money market initiated at the level of 11.25% - 11.50%. In Repo, major deals were done in the range of 10.25% - 10.75%. Money Market closed at the level of 10.10% -10.1
Pakistan has invited Russia to invest in Pakistan Steel Mills, Pakistan Railways (PR), and the oil and gas exploration activities in a joint venture with Oil and Gas Development Company Limited (OGDC) under proposed Bilateral Investment Treaty (BIT), B
Pakistan has invited Russia to invest in Pakistan Steel Mills, Pakistan Railways (PR), and the oil and gas exploration activities in a joint venture with Oil and Gas Development Company Limited (OGDC) under proposed Bilateral Investment Treaty (BIT), B
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (September 22, 2010).
Pakistan has invited Russia to invest in Pakistan Steel Mills, Pakistan Railways (PR), and the oil and gas exploration activities in a joint venture with Oil and Gas Development Company Limited (OGDC) under proposed Bilateral Investment Treaty (BIT), B
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 22, 2010).
European Union (EU) Ambassador to Pakistan Jan de Kok on Wednesday said the EU is considering opening a number of customs lines under an interim measure for Pakistani goods in the EU markets aimed at compensating the country after devastating floods.
European Union (EU) Ambassador to Pakistan Jan de Kok on Wednesday said the EU is considering opening a number of customs lines under an interim measure for Pakistani goods in the EU markets aimed at compensating the country after devastating floods.
European Union (EU) Ambassador to Pakistan Jan de Kok on Wednesday said the EU is considering opening a number of customs lines under an interim measure for Pakistani goods in the EU markets aimed at compensating the country after devastating floods.
Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (September 22, 2010).
European Union (EU) Ambassador to Pakistan Jan de Kok on Wednesday said the EU is considering opening a number of customs lines under an interim measure for Pakistani goods in the EU markets aimed at compensating the country after devastating floods.
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
The floods in Pakistan are a natural disaster of massive proportions. About one-fifth of the country has been flooded and 10 percent of the population has been directly affected. Nearly two million homes have been destroyed or damaged and there is extensi
The Karachi Port handled 83,634 tonnes of cargo including 72,537 tonnes of import cargo, 11,097 tonnes of export cargo, 3,566 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 72,537 tonnes compri
Indonesia's refined tin exports in August fell 5.6 percent from the same month a year ago as heavy rains hampered mining, continuing a trend of declining output this year from the world's top producer. The drop comes as the La Nina weather anomaly has pro
Global soyabean supplies in the new 2010/11 season are likely to be ample with a smaller crop still exceeding consumption and weaker prices likely, Hamburg-based oilseeds analysts Oil World said on Tuesday. Oil World has raised its forecast of the global
ICE Canadian canola futures snapped a six-day winning streak on Tuesday as speculators took profits and harvest weather looked to improve, traders said. Commercial hedges also weighed with farmers selling into cash market-trader. Mostly dry conditions for
US wheat futures rose by more than one percent in European and Asian trade on Wednesday, buoyed by a weaker dollar as well as a fresh tender by Egypt, the world's largest wheat importer. The US Federal Reserve's determination to prevent deflation, reveale
Sugar output in India's top cane producing state of Uttar Pradesh may be 9-12 percent below previous estimates after floods ravaged plantations but higher supply from western India may offset the loss, government and trade officials said. Uttar Pradesh, w
Improved business was seen on the cotton market on Wednesday as exporters entered the market to make deals, dealers said. The Karachi Cotton Association (KCA) official spot rate did not show further rise, holding the overnight level at Rs 7,250, they said
Declining trend was again witnessed on the wholesale grain and seed market on Wednesday during thin business, dealers said. On the cereal side wheat old and new both types lost Rs 25 to Rs 2625-2640 and gur low type did not move any side, holding the over
An "error of procedure" at the Vatican bank is being exploited to attack the Vatican with a money-laundering investigation, the bank's president said in an interview published on Wednesday. Vatican bank officials are under investigation for suspected mone
Japanese Prime Minister Naoto Kan said Tokyo was ready to act again if the yen moved sharply, keeping traders on guard against further intervention as expectations of US monetary easing weighed on the dollar. Japan intervened in the currency market last w
The Dutch central bank will ask the International Monetary Fund to conduct a thorough review of the bank's supervisory capabilities, part of a top-down reform after a scathing report was released earlier this year. De Nederlandsche Bank, or DNB, said late
French banks agreed on Tuesday to clearly explain charges on monthly bank statements from mid-2011, a move that Economy Minister Christine Lagarde hailed as a step towards reducing "elevated" bank charges. A day after France's competition authority slappe
Norway's central bank left its benchmark interest rate unchanged at 2.0 percent on Wednesday, a decision it justified by the slow recovery in western countries. Despite a steadier-than-expected rebound in the first quarter for Norway's main economic partn
Around 5,000 public service workers, including policemen and firemen, protested in central Warsaw on Wednesday against plans to freeze their salaries next year as part of a government drive to tame state spending. Waving banners of the Solidarity trade un
Thousands of people protested in Bucharest Wednesday against the Romanian government's austerity plans, which will slash public sector salaries and freeze pensions. Carrying whistles, balloons and flags, the protestors - numbering 9,000 according to local
Eurozone industrial new orders fell more than twice as much as expected month-on-month in July, data showed on Wednesday, pointing to slower economic growth in the second half of the year. The European Union's statistics office Eurostat said orders in the
Potash Corp said on Wednesday it filed a lawsuit against BHP Billiton that seeks to block the mining giant's $39 billion hostile bid for the Canadian fertiliser producer. The lawsuit filed in a US District Court alleges that BHP misrepresented and failed
Greek lawmakers opened up road freight to competition on Wednesday, prompting angry truck drivers to briefly block the two main roads to the capital and clash with police in front of parliament. Road freight is one of the most closed professions in Greece
Paul Volcker, special adviser to US President Barack Obama, said on Wednesday that reforming the US mortgage market is the biggest single element missing from financial regulatory reform. The former Federal Reserve chairman said the mortgage industry is d
Banks must move to meet tough new rules on capital as soon as possible despite the long-phase in period for some of the requirements, ECB Governing Council member and head of the Basel Committee on Banking Supervision Nout Wellink said on Wednesday.
Ghana signed nearly $13 billion worth of loan deals with Chinese investors to fund energy, agriculture and transport development in the West African state, the government said on Wednesday. The deals would together be one of China's largest financial comm
US Trade Representative Ron Kirk on Wednesday urged China to end policies that discriminate against US companies and brushed off "ridiculous claims" that the United States is protectionist. "All we're asking China to do is play by the rules, get your thum
The biggest German airline, Lufthansa, said Wednesday it had named Christoph Franz as its new chairman and chief executive officer, a post that will mean devising a strategy to fight off low-cost carriers. Franz, who heads the airline's passenger division
US Treasury Secretary Timothy Geithner said on Wednesday US banks should be able to meet new higher capital rules through future profits without crimping lending in a way that would harm the recovering economy. Earlier this month, regulators from 27 count
The World Trade Organisation will probably not rule on an appeal against its judgement condemning subsidies for European plane maker Airbus until next year, WTO appellate judges indicated on Wednesday. Under WTO guidelines the judges hearing the appeal ha
The senior Treasury Department official responsible for running the government's management of hundreds of billions of dollars in toxic assets announced his resignation Wednesday. Herb Allison said he was leaving the administration as the Treasury's Troub