The Cabinet today (Wednesday) is likely to approve open auctioning of 3G licenses for upgradation of telecom services in the country by offering 20 MHz to 35 MHz frequency to the five telecom players in the market that would enable the government to gener
The Cabinet today (Wednesday) is likely to approve open auctioning of 3G licenses for upgradation of telecom services in the country by offering 20 MHz to 35 MHz frequency to the five telecom players in the market that would enable the government to gener
The Cabinet, which is scheduled to meet on Wednesday under the chairmanship of Prime Minister Yousaf Raza Gilani will to give ex post facto approval to already made payment of Rs 65 billion, to Pakistan Electric Power Company (Pepco), on the directive of
The Cabinet, which is scheduled to meet on Wednesday under the chairmanship of Prime Minister Yousaf Raza Gilani will to give ex post facto approval to already made payment of Rs 65 billion, to Pakistan Electric Power Company (Pepco), on the directive of
The Cabinet, which is scheduled to meet on Wednesday under the chairmanship of Prime Minister Yousaf Raza Gilani will to give ex post facto approval to already made payment of Rs 65 billion, to Pakistan Electric Power Company (Pepco), on the directive of
The cargo clearances both inward and outward at all three terminals, which were suspended since Monday midnight after Agility Logistics a software developer of Pakistan Customs Computerised System (PaCCS) shut its operations, have been restored after 19 h
The cargo clearances both inward and outward at all three terminals, which were suspended since Monday midnight after Agility Logistics a software developer of Pakistan Customs Computerised System (PaCCS) shut its operations, have been restored after 19 h
The cargo clearances both inward and outward at all three terminals, which were suspended since Monday midnight after Agility Logistics a software developer of Pakistan Customs Computerised System (PaCCS) shut its operations, have been restored after 19 h
International aid agency Oxfam on Tuesday claimed that government is still not prepared for current year's monsoon floods and other natural disasters despite passage of one year after worst flooding. Two to five million people are likely to be affected by
International aid agency Oxfam on Tuesday claimed that government is still not prepared for current year's monsoon floods and other natural disasters despite passage of one year after worst flooding. Two to five million people are likely to be affected by
The federal government is planning to import 0.763 million tons of urea for Kharif 2011 and Rabi 2011-12 due to gas curtailment, which involves Rs 18.374 billion subsidy, this is in addition to 150,000 tons fertiliser being imported from Saudi Arabia unde
The federal government is planning to import 0.763 million tons of urea for Kharif 2011 and Rabi 2011-12 due to gas curtailment, which involves Rs 18.374 billion subsidy, this is in addition to 150,000 tons fertiliser being imported from Saudi Arabia unde
The federal government is planning to import 0.763 million tons of urea for Kharif 2011 and Rabi 2011-12 due to gas curtailment, which involves Rs 18.374 billion subsidy, this is in addition to 150,000 tons fertiliser being imported from Saudi Arabia unde
The United States would have at least three days to make up for any missed debt payments before it triggered payments on its credit default swaps, according to trade association the International Swaps and Derivatives Association. If the United States doe
The United States would have at least three days to make up for any missed debt payments before it triggered payments on its credit default swaps, according to trade association the International Swaps and Derivatives Association. If the United States doe
The United States would have at least three days to make up for any missed debt payments before it triggered payments on its credit default swaps, according to trade association the International Swaps and Derivatives Association. If the United States doe
IMF chief Christine Lagarde warned Tuesday the clock was ticking on a US debt deal, as the dollar slid to new lows amid concerns of a looming and unprecedented default by the world''s top economy. With a week to go before the United States hits an August
IMF chief Christine Lagarde warned Tuesday the clock was ticking on a US debt deal, as the dollar slid to new lows amid concerns of a looming and unprecedented default by the world's top economy. With a week to go before the United States hits an August 2
IMF chief Christine Lagarde warned Tuesday the clock was ticking on a US debt deal, as the dollar slid to new lows amid concerns of a looming and unprecedented default by the world's top economy. With a week to go before the United States hits an August 2
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous. The octogenarian fund manager, known as
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous. The octogenarian fund manager, known as
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous. The octogenarian fund manager, known as
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
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous. The octogenarian fund manager, known as
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 PPP-led federal government has declared war against the superior judiciary and we are ready to sacrifice our government to protect the judiciary's honour and dignity, Punjab Chief Minister Mohammad Shahbaz Sharif said here on Tuesday. Addressing a new
The PPP-led federal government has declared war against the superior judiciary and we are ready to sacrifice our government to protect the judiciary's honour and dignity, Punjab Chief Minister Mohammad Shahbaz Sharif said here on Tuesday. Addressing a new
Hussain Asghar has been again given the charge of Director Federal Investigation Agency in pursuance of the Supreme Court orders to continue probe of Haj scam that caused a loss of Rs 460 million to national kitty. However, Sohail Ahmed, Secretary Establi
Hussain Asghar has been again given the charge of Director Federal Investigation Agency in pursuance of the Supreme Court orders to continue probe of Haj scam that caused a loss of Rs 460 million to national kitty. However, Sohail Ahmed, Secretary Establi
Wheat output in Western Australia, which produces high-quality milling grain, is likely to double to around 9 million tonnes this year following ideal crop weather, boosting prospects of wheat exports from the country in the coming marketing season.
ICE Canada canola futures fell on Monday to their lowest in three weeks, tracking Chicago soya futures that weakened amid better US crop weather and fears about US debt, traders said. Losses weakened canola's technical indicators, which led to fund sellin
Corn and soyabean futures rose on Tuesday, boosted by a downgrading in the condition of US crops and forecasts of renewed heat in the key growing region. Dealers said the weakness of the dollar also provided support with the US currency sinking to a recor
US soft red winter wheat export premiums at the US Gulf Coast held steady on Monday as Egypt issued a fresh tender to buy wheat on the world market, traders said. Hard red winter wheat export premiums were steady amid solid demand for higher protein wheat
Domestic coffee price rose in Vietnam on Tuesday, tracking London futures market gains, but trading remained slow due to thin stocks, traders said on Tuesday. Vietnam is in the period between crops and the next harvest of the world's top robusta producer
The Karachi Port handled 143,228 tonnes of cargo including 90,562 tonnes of import cargo, 52,666 tonnes of export cargo and 5,410 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 90,562 tonnes compri
Downward trend was seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that had ended at Rs 1316.20 commenced with a fall of 20 paisa at Rs 1316.00. January vaida which started at Rs 1200.00.
Cautious attitude of the growers helped the prices to recover slightly on the cotton market on Tuesday in process of hectic activity by mills and spinners, dealers said The Karachi Cotton Association (KCA) official spot rate was dropped by Rs 200 to Rs 50
Hard red winter wheat basis bids were mostly steady on Tuesday, supported by the near-completion of the harvest, grain merchants said. Farmer selling remained slow amid expectations for higher prices as high heat in the Midwest damaged the corn crop. USDA
Prices moved both ways on the wholesale grain market on Tuesday as guwar went up sharply and rice fell on slow demand, dealers said. On the cereal side, guwar from Sindh was higher by Rs 500 to Rs 6700-6800 and Guwar Punjab followed the same track at the
JetBlue Airways reported a 19 percent drop in second-quarter profit despite rising revenue as fuel prices battered the low-cost carrier and its rivals in the United States. The airline said on Tuesday its fuel costs jumped 57.6 percent from a year ago. Th
JetBlue Airways reported a 19 percent drop in second-quarter profit despite rising revenue as fuel prices battered the low-cost carrier and its rivals in the United States. The airline said on Tuesday its fuel costs jumped 57.6 percent from a year ago. Th
Japan's policymakers, alarmed that the yen's persistent climb could derail the nation's economic recovery, see solo market intervention as an increasingly viable option, sources familiar with the matter said. The yen scaled four-month highs against the do
Major Southeast Asian stock markets were mostly higher on Tuesday as investors bought financial stocks and big caps at the start of the reporting season but caution prevailed, with the US debt ceiling negotiations still in deadlock. The positive outlook f
Seoul shares rebounded on Tuesday, led by large caps and brokerages, but the ongoing US stand-off over raising the debt ceiling pushed foreign investors to continue selling. The Korea Composite Stock Price Index finished up 0.85 percent at 2,168.70 points
The Nikkei stock average rose on Tuesday as robust quarterly earnings and higher profit forecasts from the likes of digital camera and copier maker Canon Inc helped offset a yen that has strengthened on US debt woes. Japanese corporate results and smaller
US stocks continued to face headwinds on Tuesday from the ongoing stalemate in Washington over raising the debt ceiling, with light volume showing the gridlock in Washington has made investors nervous. Major averages were mixed. The Nasdaq rose slightly a
US stocks dipped on Monday as lawmakers remained in a stand-off over raising the debt ceiling to avoid default, but investors were convinced a compromise will be reached before next week's critical deadline. Trading volume, however, was light even for a s
Taiwan stocks rose 0.23 percent on Tuesday as Catcher Technology's better-than-expected results sparked optimism of a promising outlook for other Apple Inc suppliers. Catcher, which makes casings for Apple, soared by the 7-percent limit and lifted electro
Investors sold US Treasuries on Monday after talks in Washington to cut the US deficit and raise the legal borrowing limit fell apart and Democrats and Republicans set to work on separate plans. The impasse boosted fear no legislation would be passed in t
Investors sold US Treasuries on Monday after talks in Washington to cut the US deficit and raise the legal borrowing limit fell apart and Democrats and Republicans set to work on separate plans. The impasse boosted fear no legislation would be passed in t
Investor pessimism over earnings of Ezz Steel and Mobinil weighed on Egypt's bourse on Tuesday, while Abu Dhabi banks helped the emirate's market lead a small regional rebound from the previous day's declines. Selling pressure on Ezz Steel dragged Egypt's
Indian shares fell the most in more than a month on Tuesday after a higher-than-expected rate increase by the central bank stunned investors and its comments indicated the tightening cycle may not be over as yet. Investors were worried that rising borrowi
Hong Kong and China shares gained on Tuesday, as investors bought into blue chip stocks ahead of earnings but low turnover suggests they remained reluctant to buy in a big way. Any signs of resolution of the US debt ceiling impasse could combine with the
Australian stocks closed up 1 percent on Tuesday as banks and miners clawed back losses from Monday, driven by investors betting US lawmakers would reach a compromise on the budget and debt ceiling to avert a national default. Even if the United States ra
European shares fell on Tuesday, dented by a slew of poor earnings news, contagion fears in the eurozone debt crisis after Spanish and Italian yields rose and worries about the debt stalemate in the United States. Disappointing earnings news dominated the
Britain's top shares managed modest gains on Tuesday as solid results from blue chips including drugmaker GlaxoSmithKline and energy firm BG Group more than offset an earnings miss from heavyweight BP. Volume on the FTSE 100 was thin, however, as investor
A key gauge of counterparty risks rose to its highest since the beginning of this year on Tuesday as a potential default in the United States and obstacles to the implementation of a Greek debt deal kept money markets on edge. The United States is edging
Sterling jumped to a six-week high against a broadly weaker dollar on Tuesday after data showed the UK economy grew by 0.2 percent in the second quarter, confounding some speculators who had positioned for a weaker number. Sterling's gains were aided by a
The dollar hit a record low against the Swiss franc and a four-month trough versus the yen on Tuesday, as investors were sceptical that US President Barack Obama's call for compromise would lead to a swift breakthrough in deadlocked debt talks.
There was
The dollar fell broadly on Tuesday, hitting a record low against the Swiss franc as investors fretted politicians would fail to strike a deal to raise the US debt ceiling and risk triggering a default that could lead to further dollar losses. The greenbac
The US dollar slumped across the board on Tuesday as the stand-off in negotiations to raise the US debt ceiling dragged on, fanning default fears and dimming the greenback's prospects. The US currency hit a record low against the Swiss franc, a traditiona
The dollar slumped to a record low against the Swiss franc and a four-month trough versus the yen on Monday, with more losses seen if US lawmakers fail to compromise on a deficit reduction plan. With a little more than a week before the August 2 deadline
Interbank buy/sell rates for the taka against the dollar on Tuesday. 74.62/74.69 (previous 74.65/74.70). Call Money Rates: 8.00-12.00 percent (previous 6.00-12.00 percent).
The New Zealand and Australian dollars surged on Tuesday as a dearth of progress in US debt talks led investors to dump the greenback across the board and flock to currencies backed by stronger economies. The mighty kiwi scaled a fresh 30-year summit of $
The yuan closed up against the dollar after hitting a record trading high on Tuesday as the People's Bank of China set its mid-point at an all-time high after the dollar index sank to a seven-week low. Spot yuan closed at 6.4414 versus the dollar, stronge
The Singapore dollar hit a record high and the Malaysian ringgit broke through a key resistance level on Tuesday, leading Asian currencies higher, as investors feared that squabbling US politicians will not be able to agree on a debt ceiling deal in time
The Indian rupee raced to a near three-and-half month high on Monday propelled by the central bank's higher-than-expected interest rate increase that boosted outlook on portfolio inflows. The partially convertible rupee ended at 44.1750/1850 per dollar, a
The Swiss franc soared to another record peak against the dollar on Tuesday as investors became increasingly doubtful about a breakthrough in US debt talks. Fiscal uncertainty in both the eurozone and the United States has fuelled demand for safe-haven as
England's Jonathan Trott and James Anderson have risen to second place in the International Cricket Council (ICC) Test rankings respectively after their side's 196-run win over India at Lord's. Trott has climbed two places, above India's Sachin Tendulkar
FIFA are set to open a further investigation into the meeting of Caribbean football officials which resulted in former presidential candidate Mohamed Bin Hammam being banned for life.
Michael Phelps' rocky season took another turn for the worse Tuesday when the 14-time Olympic gold medallist was stunned in the world championships 200m freestyle by US team-mate Ryan Lochte. Phelps led over the first 100m until Lochte surged from third p
Pakistan Test spinner Danish Kaneria will not be considered for national selection until the Pakistan Cricket Board have no remaining doubts about his integrity, the PCB told a High Court hearing on Tuesday. The board's legal counsel, Tafazzul Rizvi, made
European football chief Michel Platini said Tuesday that UEFA was ready to lend a helping hand to find ways to stop violence and corruption in Greek football. "Our goal is to help the Greek football federation so that Greek football returns in the right d
Argentina's failure to win the Copa America as hosts and end an 18-year wait for a major title cost coach Sergio Batista his job on Monday. The Argentine Football Association (AFA), facing an identity crisis in the national game, announced Batista had ste