The Supreme Court on Thursday directed the Federal Investigation Agency to reverse transfer orders of four officials who were assisting National Insurance Company Limited (NICL) land scam investigation officer Zafar Ahmed Qureshi. The court also passed or
Former army chief General Jehangir Karamat strongly denied on Thursday a report that he took $3 million in cash in exchange for helping smuggle nuclear technology to North Korea in the late 1990s, while the Foreign Office called the story "preposterous."
Former army chief General Jehangir Karamat strongly denied on Thursday a report that he took $3 million in cash in exchange for helping smuggle nuclear technology to North Korea in the late 1990s, while the Foreign Office called the story "preposterous."
On Thursday, BRIndex30 opened at 8,812.19. It touched an intraday high of 8,878.61 and an intraday low of 8,762.78 and closed at 8,762.78 which was -49.41 points or -0.56 percent lower than previous close. Total volume was 52,547,499, which was 80.72 perc
On Thursday, BRIndex30 opened at 8,812.19. It touched an intraday high of 8,878.61 and an intraday low of 8,762.78 and closed at 8,762.78 which was -49.41 points or -0.56 percent lower than previous close. Total volume was 52,547,499, which was 80.72 perc
A bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 92.15 points to close at 12,441.40 points. Trading activities also remained low as the volumes at ready counter declined to 65.095 million shares as compa
A bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 92.15 points to close at 12,441.40 points. Trading activities also remained low as the volumes at ready counter declined to 65.095 million shares as compa
A bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 92.15 points to close at 12,441.40 points. Trading activities also remained low as the volumes at ready counter declined to 65.095 million shares as compa
Prime Minister Syed Yousaf Raza Gilani has reconstituted Federal Export Development & Promotion Board (FEDPB) without ensuring release of funds to the Commerce Ministry allocated two years ago.
Prime Minister Syed Yousaf Raza Gilani has reconstituted Federal Export Development & Promotion Board (FEDPB) without ensuring release of funds to the Commerce Ministry allocated two years ago.
Prime Minister Syed Yousaf Raza Gilani has reconstituted Federal Export Development & Promotion Board (FEDPB) without ensuring release of funds to the Commerce Ministry allocated two years ago.
The Directorate General of Intelligence and Investigation, Inland Revenue Federal Board of Revenue has started sector analysis of edible oil industry, taking into account import volume of Rs 197 billion raw materials consumed during first 11 months of 201
The Directorate General of Intelligence and Investigation, Inland Revenue Federal Board of Revenue has started sector analysis of edible oil industry, taking into account import volume of Rs 197 billion raw materials consumed during first 11 months of 201
The Directorate General of Intelligence and Investigation, Inland Revenue Federal Board of Revenue has started sector analysis of edible oil industry, taking into account import volume of Rs 197 billion raw materials consumed during first 11 months of 201
The government has given an extension in Letter of Support (LoS) up to three years for four hydropower projects, ie 840MW Suki Kinari, 147MW, Patrind, 100MW Kotli and 100MW Gulpur hydropower project, official sources told Business Recorder.
The government has given an extension in Letter of Support (LoS) up to three years for four hydropower projects, ie 840MW Suki Kinari, 147MW, Patrind, 100MW Kotli and 100MW Gulpur hydropower project, official sources told Business Recorder.
The government has given an extension in Letter of Support (LoS) up to three years for four hydropower projects, ie 840MW Suki Kinari, 147MW, Patrind, 100MW Kotli and 100MW Gulpur hydropower project, official sources told Business Recorder.
Foreign exchange reserves have surged to a record high of $18.25 billion, a central bank official said Thursday. The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said. The record was due
Foreign exchange reserves have surged to a record high of $18.25 billion, a central bank official said Thursday. The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said. The record was due
Foreign exchange reserves have surged to a record high of $18.25 billion, a central bank official said Thursday. The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said. The record was due
Inspector General of Police Sindh, Wajid Ali Khan Durrani, has assured business community of providing conducive atmosphere for business and industrial activities. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Thursday, he sa
Inspector General of Police Sindh, Wajid Ali Khan Durrani, has assured business community of providing conducive atmosphere for business and industrial activities. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Thursday, he sa
Sindh Chief Minister, Syed Qaim Ali Shah chaired a meeting to review law and order situation in metropolis held at Sindh CM's House here on Thursday. The meeting directed law enforcers to shoot terrorists and miscreants at sight, said a statement. The mee
Sindh Chief Minister, Syed Qaim Ali Shah chaired a meeting to review law and order situation in metropolis held at Sindh CM's House here on Thursday. The meeting directed law enforcers to shoot terrorists and miscreants at sight, said a statement. The mee
Federal Interior Minister, Rehman Malik said that Frontier Constabulary (FC), personnel would also be deployed in Karachi to maintain law and order situation. Talking to media at Jinnah International Airport, he said those FC personnel, who are available
Federal Interior Minister, Rehman Malik said that Frontier Constabulary (FC), personnel would also be deployed in Karachi to maintain law and order situation. Talking to media at Jinnah International Airport, he said those FC personnel, who are available
Muttahida Qaumi Movement (MQM) decided to observe Friday (today) as a 'mourning day' to protest against the on-going violence in Karachi. The party has also announced that its lawmakers will stage a protest march from Karachi Press Club to Chief Minister'
Muttahida Qaumi Movement (MQM) decided to observe Friday (today) as a 'mourning day' to protest against the on-going violence in Karachi. The party has also announced that its lawmakers will stage a protest march from Karachi Press Club to Chief Minister'
Federal Law Minister Mola Bux Chandio on Thursday said an army operation could not restore peace in Karachi rather it would indicate the collective failure of political parties. "Political leadership will have to deal with this issue and resolve it in the
Federal Law Minister Mola Bux Chandio on Thursday said an army operation could not restore peace in Karachi rather it would indicate the collective failure of political parties. "Political leadership will have to deal with this issue and resolve it in the
Thirty-three more people, including political activists and a minor girl, were killed in various parts of the metropolis on Thursday, taking the death toll to over 60 in the last three days' violence. The wave of violence gripped the financial hub of the
Thirty-three more people, including political activists and a minor girl, were killed in various parts of the metropolis on Thursday, taking the death toll to over 60 in the last three days' violence. The wave of violence gripped the financial hub of the
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 Commi
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
Ministers from Asean and Japan will join business leaders for the first time from Friday for talks on lifting trade barriers and securing closer economic ties, a Malaysian official said Thursday. Industry leaders from Asean and the Japanese Chambers of Co
The Bank of England held interest rates on Thursday at a record low 0.50 percent for the 28th month in a row, as policymakers sought to help the flagging recovery and set aside inflation woes. The decision came shortly before the European Central Bank lif
The Bank of England held interest rates on Thursday at a record low 0.50 percent for the 28th month in a row, as policymakers sought to help the flagging recovery and set aside inflation woes. The decision came shortly before the European Central Bank lif
The Bank of England held interest rates on Thursday at a record low 0.50 percent for the 28th month in a row, as policymakers sought to help the flagging recovery and set aside inflation woes. The decision came shortly before the European Central Bank lif
Russia's Gazprom will merge its power division with assets belonging to the oligarch Viktor Vekselberg to create a state-controlled national utility, part reversing a recent privatisation of the industry. The deal, signed by Gazprom and Vekselberg's Renov
British manufacturing output rose at its fastest pace in over a year in May as factories ramped up output after a Royal Wedding-related drop in April, official data showed on Thursday. Industrial output, however, failed to fully recoup April's losses and
The European Central Bank raised interest rates for the second time in three months on Thursday and signalled a further hike is likely this year to tackle inflation despite the intensifying eurozone debt crisis. The ECB raised its benchmark lending rate t
The European Central Bank raised interest rates for the second time in three months on Thursday and signalled a further hike is likely this year to tackle inflation despite the intensifying eurozone debt crisis. The ECB raised its benchmark lending rate t
The European Central Bank raised interest rates for the second time in three months on Thursday and signalled a further hike is likely this year to tackle inflation despite the intensifying eurozone debt crisis. The ECB raised its benchmark lending rate t
Democrats and Republicans still have a long way to go to reach a deal to raise the US debt limit, President Barack Obama said Thursday, calling another round of crisis White House talks. "I will reconvene congressional leaders here on Sunday with the expe
Want to borrow $15 billion for a month at the rock-bottom interest rate of 1.16 percent? You can - but only if you're Goldman Sachs and your generous sugar daddy is the US government. The US Federal Reserve released data Wednesday on the emergency borrowi
India's government announced plans on Thursday to auction more than 800 FM radio licences, enabling listeners in many cities to tune into private radio stations for the first time. The auction of 839 licences marks an ambitious expansion of the sector and
The Asian Development Bank (ADB) said Thursday it will invest around $500 million in Cambodia over the next three years to reduce poverty, mainly through infrastructure and agriculture projects. The soft loan forms part of a new "country partnership strat
US bank J.P Morgan Chase was slapped with fines and repayment penalties of $228 million for a bid-rigging scheme that short-changed issuers of municipal bonds, US authorities announced Thursday. In a case that has also seen Swiss bank UBS and Bank of Amer
US bank J.P Morgan Chase was slapped with fines and repayment penalties of $228 million for a bid-rigging scheme that short-changed issuers of municipal bonds, US authorities announced Thursday. In a case that has also seen Swiss bank UBS and Bank of Amer
US private employers stepped up hiring in June and the number of Americans filing for jobless benefits fell last week, strengthening views the economy is positioned for a pick-up in the second half. Payrolls processor ADP said on Thursday private sector e
International bankers and European Union officials made no progress on Thursday in securing a private sector contribution for a second bailout of Greece and bond yields climbed on concern about the scheme. The managing director of the Institute of Interna
The European Union granted export licences for 18.5 million tonnes of soft wheat in the 2010/2011 season that ended on June 30, up from 18.0 million cleared in 2009/2010, official data showed on Thursday. The final total for 2010/2011 season included June
Syria's state purchasing agency has issued an international tender to buy and import 100,000 tonnes of soft milling wheat, European traders said on Thursday. Bidding deadline was July 25. It is the largest wheat import tender reported from Syria since at
Rice and Khandsari prices were higher on the wholesale grain market on Thursday in process of low trading, dealers said. On the cereal side, wheat old and new Bardan were lower by Rs 15 to Rs 2625-2640 owing to easy supply position, Khandsari, however, ga
Vietnam has contracted to sell 150,000 tonnes of rice to East Timor and Sierra Leone, with loading to start this month, a state-run newspaper reported on Thursday, without giving any pricing details. This comes on the heels of the Vietnam Food Association
ICE Canadian canola futures rose on Wednesday, buoyed by a slow-down in farmer selling and firm rapeseed and soya values, traders said. Total volume was thin at less than 6,400 contracts, while open interest of 148,207 on Tuesday hovered around 10-month l
The Karachi Port handled 82,949 tonnes of cargo including 61,919 tonnes of import cargo, 21,030 tonnes of export cargo and 3,621 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 61,919 tonnes compri
Upward trend was witnessed on the forward cottonseed oilcake market on Thursday while the December vaida was also inert in process of trading, dealers said. The July contract that had closed at 1426.50 opened with 30 paisa gain at Rs 1426.80. The December
Activity picked up on the cotton market on Thursday as the ginners did not show any resistance in selling despite the fall in the rates daily on steady supply position, dealers said. The Karachi Cotton Association (KCA) official spot was lowered further b
Prices plunged on the domestic cotton market this week as global fiber values weekend, few appeared willing to buy yarns, world-wide economic condition worsened and more supply and surpluses of cotton entered the market.
Prices plunged on the domestic cotton market this week as global fiber values weekend, few appeared willing to buy yarns, world-wide economic condition worsened and more supply and surpluses of cotton entered the market.
Thailand's policy of allowing the baht to float freely will be maintained under its new government, Prime Minister elect Yingluck Shinawatra said on Thursday. The Bank of Thailand broadly lets market forces determine the level of the baht, intervening onl