The Federal Cabinet, which is scheduled to meet on Wednesday, is expected to ratify 'Saarc agreement on Trade and Services' ('Satis'), without vetting as, according to Commerce Ministry, the Law Ministry is not paying attention to its communications, sour
The Federal Cabinet, which is scheduled to meet on Wednesday, is expected to ratify 'Saarc agreement on Trade and Services' ('Satis'), without vetting as, according to Commerce Ministry, the Law Ministry is not paying attention to its communications, sour
Prime Minister Yousuf Raza Gilani on Tuesday sought increased Omani investment for Pakistan''s energy, telecom and agro-based industries, besides urging support for early finalisation of a FTA with the six-member Gulf Co-operation Council (GCC).
Prime Minister Yousuf Raza Gilani on Tuesday sought increased Omani investment for Pakistan's energy, telecom and agro-based industries, besides urging support for early finalisation of a FTA with the six-member Gulf Co-operation Council (GCC).
Prime Minister Yousuf Raza Gilani on Tuesday sought increased Omani investment for Pakistan's energy, telecom and agro-based industries, besides urging support for early finalisation of a FTA with the six-member Gulf Co-operation Council (GCC).
The PPP senior leaders met for crisis talks on Tuesday after their second-largest partner (The Muttahida Qaumi Movement) announced its ministers were quitting the federal cabinet. President Asif Ali Zardari held talks with Interior Minister Rehman Malik a
The PPP senior leaders met for crisis talks on Tuesday after their second-largest partner (The Muttahida Qaumi Movement) announced its ministers were quitting the federal cabinet. President Asif Ali Zardari held talks with Interior Minister Rehman Malik a
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 28, 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
The Karachi Port handled 113,331 tonnes of cargo including 67,967 tonnes of import cargo, 45,364 tonnes of export cargo, 5,976 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 67,967 tonnes compris
ICE Canadian canola futures climbed to fresh 28-month highs on Tuesday, catching up to rival oilseeds after the market was closed for Canadian holidays. Nearby canola contract on pace for 43 percent gain in 2010, its biggest yearly gain in four years and
Ukraine has extended grain export quotas to include the first quarter of 2011 and increased the volume to 4.2 million tonnes from the initial 2.7 million, according to a government resolution published on Tuesday. The resolution was adopted by the governm
US corn futures ended higher on Monday, but ran out of steam after setting a new March contract high and 29-month high at $6.19, traders said. Early support spilled over from the March soyabean contract, which hit a 27-1/2 month high amid ongoing concerns
China's net coal imports may surge 40 percent in 2010, even as its total output for the year is expected to rise some 8 percent to over 3 billion tonnes, according to data from the China Coal Industry Association. China, the world's top coal producer and
Contracts were mixed on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December vaida matured as the new March contract launched at Rs 1240, dealers said. The January vaida which closed with sharp losses at Rs 13
Modest trading activity was seen on the cotton market on Tuesday as ginners and mills failed to come at a meeting ground, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 9000. Seed cotton prices in Sindh and Punjab did not
Hard red winter wheat cash bids in the US Plains were unchanged on Tuesday in a lacklustre holiday market with only light demand and little country movement noted. Rail movement was reported good, with few delays. Protein premiums for railcar wheat to and
Argentina's soya closing prices and trends on Monday. In the main grains market of Rosario, soya prices closed up for a fifth consecutive session at between 1,420 and 1,460 pesos ($347-$357) per tonne, shadowing gains at the influential Chicago market, tr
Mixed price pattern was seen on the wholesale grain and seed market on Tuesday in process of modest trading, dealers said. On the cereal side gur prices came down with falling demand, inferior type lost Rs 300 to Rs 6500 and good type fell sharply by Rs 4
Egypt's bourse crossed the critical 7,000 points mark on Tuesday, buoyed by optimism that a government stimulus plan will boost economic growth in 2011, while other regional markets were largely muted. The benchmark rose 0.9 percent to close at 7,027 poin
Seoul shares snapped a three-session losing streak, rising 0.6 percent on Tuesday, as foreign investors extended buying and as key blue chip technology plays including Samsung Electronics Co Ltd gained. The Korea Composite Stock Price Index (KOSPI) ended
Indian shares closed slightly lower on Tuesday as the holiday season before the year end kept investors at bay, with little direction coming from mixed overseas markets. Top private sector firm Reliance Industries and second-largest lender ICICI Bank led
European shares closed higher in thin holiday trade on Tuesday, bouncing from the previous session's selloff and adding modestly to the December rally. The FTSEurofirst 300 closed up 0.3 percent at 1,140.31 points and remains on track for its biggest mont
Energy and material stocks led gainers on the S&P 500 on Tuesday in a thinly traded session in which major indexes barely budged. On the back of stronger oil prices. the S&P energy sector rose 0.4 percent, while the S&P materials index gained 0.2 percent.
Wall Street erased earlier losses and ended little changed on Monday as investors shrugged off a surprise weekend interest rate hike from China's central bank. In a quiet day for equities with no major economic data or corporate news, trading volume, whic
Taiwan stocks fell 0.24 percent on Tuesday as investors pocketed profits from high-flying tourism and financial shares that have been benefiting from warming trade ties between Taiwan and China. Taiwan's main TAIEX share index closed down 21.55 points at
US Treasuries prices gained on Monday after a $35 billion auction of new two-year notes drew buyers with relatively high yields. The Treasury sold the two-year debt at a high yield of 0.74 percent and median yield of 0.72 percent. The yield was below wher
US Treasuries prices gained on Monday after a $35 billion auction of new two-year notes drew buyers with relatively high yields. The Treasury sold the two-year debt at a high yield of 0.74 percent and median yield of 0.72 percent. The yield was below wher
Most Southeast Asian stock markets rose in holiday-thinned trade on Tuesday, with Indonesia climbing to two-week highs amid rising appetite for commodity stocks, seen as an inflation hedge. Trading volume was less than half of average in Indonesia and Tha
Hong Kong and China stocks ended lower on Tuesday with banks and property counters leading the slide in the wake of a surprise interest rate rise by the People's Bank of China. The benchmark Shanghai Composite Index dropped 1.74 percent to 2,732.99 points
Japan's Nikkei average slipped 0.6 percent on Tuesday as falls in Chinese shares and a slightly firmer yen prompted light profit-taking, but it was supported by strong Japanese output data and healthy technical signals. The Nikkei was rangebound in thin y
The euro rose sharply as bears were forced to abandon their bets on Tuesday while the dollar came under broad selling pressure, hitting a three-week low against the yen and a seven-week low against the Australian dollar. The euro jumped after stop-loss or
The dollar fell broadly on Tuesday, hitting an all-time low against the Swiss franc, which was lifted by corporate buying, and a six-and-a-half week low versus the yen, while the euro recovered after recent weakness. The Swiss franc was the biggest gainer
The dollar hit a record low against the Swiss franc and tumbled against the yen on Tuesday after Japan reported its factory output rose in November for the first time in six months. A surprise decline in US consumer confidence this month, however, helped
The euro rose against the dollar on Monday after clawing back above its 200-day moving average, though sentiment on the single currency remained bearish amid worries about Portuguese and Spanish debt. Trading ranks were extremely thin. London was closed o
Interbank buy/sell rates for the taka against the dollar on Tuesday. 70.72/70.72 (previous 70.69/70.70). Call Money Rates: 15.00-20.00 percent (previous 14.00-22.50 percent).
The peso and the Indian rupee rose against a weakening dollar on Tuesday in thin, year-end trading, with other emerging Asian currencies expected to strengthen on gains by China's yuan, analysts and dealers said. The Philippine peso rose 0.3 percent on hi
The yuan rose against the dollar on Tuesday after the People's Bank of China set its mid-point near a record high, a signal the government's drive to contain inflation may have triggered a new leg of appreciation.
The Indian rupee gained on Tuesday, buoyed by sharp losses in the dollar versus major currencies, but choppy domestic shares and demand for the US unit from oil firms and importers limited any sharp upside. The partially convertible rupee closed at 45.09/
The Swiss franc rose against both the dollar and the euro on Tuesday, looking to touch the previous week's record peak against the European unit as traders capitalised on safe-haven plays in thin year-end markets. The Swiss franc, which investors regard a
Japanese factory output rose for the first time in six months in November and manufacturers expect to boost production in coming months, suggesting that firm demand in Asia will help the economy resume a recovery early next year. But creeping rises in the
Iraq's Prime Minister Nouri al-Maliki pledged his government would address logistical and other woes plaguing international oil firms in his country, The Wall Street Journal reported Monday. In his first interview since his cabinet was confirmed this mont
German engineering group Siemens said Tuesday it has won a contract that could be worth some 600 million euros (790 million dollars) to supply 258 wind turbines to a US power company. Siemens is to build and install the turbines for three MidAmerican Ener
The United Arab Emirate's top advisory council passed a new public debt law on Tuesday, marking a key step toward the issuance of the Gulf Arab state's first sovereign bond. The law was approved by the Federal National Council, a quasi parliamentary body
The United Arab Emirate's top advisory council passed a new public debt law on Tuesday, marking a key step toward the issuance of the Gulf Arab state's first sovereign bond. The law was approved by the Federal National Council, a quasi parliamentary body
US consumer confidence unexpectedly deteriorated in December, while prices of US single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy's recovery. The latest data was at odds with other signs sugges
Russian Prime Minister Vladimir Putin on Tuesday called for lower bank lending rates to the real economy, just a day after a hike in the central bank's deposit rates came into effect. "Loan rates, especially for the real economy, should not restrain growt
Russia plans to make it easier for foreign investors to put money into certain sectors such as food and natural resources next year, as it seeks to rebuild the economy after the 2008 crisis. "In 2011 a row of amendments to the law on foreign investments i
Bangladesh's central bank said Tuesday the country was on track to achieve a record 6.7 percent economic growth this financial year, driven by an impressive turnaround in garment exports. The Bangladesh Bank said economic activity had gained momentum sinc
Bangladesh has invited some of the world's leading state-owned gas giants to help explore its insurgency-hit south-eastern hill tracts region, an official said Tuesday. The Chittagong Hill Tracts (CHT) region makes up one-tenth of the South Asian country'
China announced on Tuesday it will cut its export quotas for rare earth minerals by more than 11 percent in the first half of 2011, further shrinking supplies of metals needed to make a range of high-tech products after Beijing slashed quotas for 2010.
Iceland's parliament passed on Tuesday a law to aid the repayment of loans taken out in foreign currency by modifying their interest rates, the ministry of economic affairs said in a statement. The once-popular loans in foreign currency have spelled finan
US chain Wal-Mart has invested in Chinese e-commerce consumer electronics seller 360buy.com, as the world's largest retailer steps up its presence in China, a report said Tuesday. Wal-Mart has teamed up with another five investors to inject 500 million do
China will allow more banks to sell currency forwards to their clients to further develop demand and the nation's nascent derivatives market, the country's foreign exchange regulator said on Tuesday. Smaller Chinese banks that were previously barred from
South Korea has stepped up efforts to get powerful polluting industries to accept an emissions trading scheme by saying carbon trading is just another industry and one that's good for the economy. The government has already delayed the introduction of emi
Bosnia's Muslim-Croat region may not be able to make January payments to war veterans and pensioners unless parliament swiftly approves a temporary financing deal, the outgoing finance minister said on Monday. Veterans and invalids of the region's 1992-95
Most UK retailers are expecting lower sales in 2011 on the back of weak consumer demand and inflationary pressures, a survey by the British Retail Consortium (BRC) said on Monday. The BRC's survey said nearly two-thirds of retailers it had contacted expec
VVS Laxman made a polished 96 before India's bowlers grabbed three wickets to give their side the advantage on the third day of the second Test against South Africa at Kingsmead on Tuesday. When bad light stopped play, South Africa were 111 for three, sti
From the earliest days of January to the last days of December, this was a year of tragedy, scandal and controversy for the world's most popular sport. Even the first World Cup finals in Africa, held in South Africa in the southern hemisphere's winter mon
Pakistan's tennis ace, Aisam-ul-Haq will be leaving for India on Wednesday to participate in ATP Championship in Chennai being played from December 30. After taking part in the Indian event he will fly to Australia to participate in ATP Championship in Sy
The Executive Board and Congress of Pakistan Hockey Federation (PHF) accorded approval to Rs 500 million budget of the PHF in a meeting held here on Tuesday. The budget shows a shortfall of Rs 300 million. Secretary PHF Asif Bajwa told reporters after the
The district level competitions in connection with Chief Minister's Cup on Tuesday entered in its second phase. The competitions in district Lahore have been delayed due to fog and winter vacation at schools. Lahore will stage their inter-tehsil competiti
Two more matches were decided in the first Raaziq CPL Twenty-20 tournament on Tuesday. In the first match, Ufone beat Total Parco by 89 runs and qualified for the semi final. Ufone scored 202 for seven wickets in the allotted 20 overs here at Model Town C
Sulky striker Mario Balotelli almost managed a smile on Tuesday as he hit a hat-trick, including two penalties, to help Manchester City beat Aston Villa 4-0 and take his side to the top of the Premier League. The 20-year-old Italian, told by his manager t
England were on the verge of retaining the Ashes after feeble Australian batting left the fourth Melbourne Test at their mercy on Tuesday. The tourists left the Australians with the huge task of either scoring 415 runs to make England bat again or lasting
New Zealand wrapped up their Twenty20 cricket series against Pakistan with a match to spare when they blasted their way to a 39-run win in the second match here Tuesday. Scott Styris and Peter McGlashan were the principal contributors to a 79-run onslaugh
Russia Tuesday brusquely told the West to keep out of its domestic affairs after "unacceptable" criticism by the United States and Europe of the new guilty verdict for jailed tycoon Mikhail Khodorkovsky. Khodorkovsky is facing the prospect of an additiona
Nepal has amended legislation to allow disabled children to be adopted abroad, a government official said Tuesday, two years after a scandal over "fake" orphans. The country introduced new adoption laws in 2008 following reports of unscrupulous agents tra
China is stepping up efforts to deploy a "carrier-killer" missile system, the commander of the US Pacific Command has said in an interview with a Japanese newspaper, published Tuesday. "The anti-ship ballistic missile system in China has undergone extensi
The United States plans to revive diplomatic efforts next year to halt production of weapons-grade plutonium and uranium, a special adviser to President Barack Obama told a German newspaper. In an interview with the Sueddeutsche Zeitung published on Tuesd
Spain has expelled two Russian diplomats in a move that triggered a tit-for-tat reaction from Moscow, the foreign ministry said Tuesday. The two Russian embassy staffers were asked to leave the country for having "engaged in activities incompatible with t
Irate holidaymakers beat up Aeroflot staff at a Moscow airport on Tuesday as thousands were stranded with little food or information, after icy rain and blackouts disrupted traffic for a third straight day. At Sheremetyevo where Russia's flagship carrier
Thailand's cabinet agreed Tuesday to lift a five-year-old state of emergency in one area of its restive deep south as a test case for the rest of the Muslim-majority region, officials said. The emergency laws - which give broad powers to security forces -
Iran on Tuesday hanged a man found guilty of feeding Israeli spy agency Mossad with Iranian military secrets and information on its missile programme over a period of six years, news agency IRNA reported. Ali Akbar Siadat was hanged in Tehran's Evin priso