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
Reforms in Ivory Coast's cocoa sector will include a guarantee to farmers of a minimum selling price in an effort to ensure plantation owners turn a profit, Agriculture Minister Coulibaly Sangafowa said at a news conference on Monday. The change, part of
Indonesia's refined tin exports rose 7.3 percent in August from the same month last year, but were down 7.6 percent on the previous month, an official at the trade ministry said on Monday. Indonesia, the world's top tin exporter, shipped 8,559.61 tonnes o
US wheat futures slid to a one-month low on Monday, pressured by a rising dollar as investors feared a worsening debt crisis in the euro zone. Movements on grain markets were timid, however, as operators awaited US government crop estimates that will give
A Saudi human rights lawyer told AFP on Monday that he was to face trial by a court in Jeddah on charges of calling for a constitutional monarchy. Walid Abu al-Khair said he was summoned to court on Sunday, where he was informed orally of the charges agai
France exported 1.25 million tonnes of soft wheat in July, down 7 percent in the first month of the 2011/12 season compared with 1.34 million a year ago, customs data showed on Monday, due to competition from Russia. Exports outside the European Union rea
The Karachi Port handled 183,574 tonnes of cargo including 142,557 tonnes of import cargo, 41,017 tonnes of export cargo and 2,702 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 142,557 tonnes compr
A leading Indian trading firm has sold 100,000 tonnes of non-basmati rice to Nigerian buyers at $470 per tonne, undercutting Thai and Vietnamese competitors in the first deals since the food minister gave a nod to 2 million tonnes of exports.
Ukraine exported 155,000 tonnes of wheat, 121,900 of barley and 7,100 of maize in the first nine days of September, analyst ProAgro said on Monday. The consultancy said 65,000 tonnes of wheat and 62,900 tonnes of barley had been directed to Saudi Arabia.
Vietnam may lower the import duty on corn to 3 percent from 5 percent now and abolish the 5-percent import tax on wheat as it seeks to lower production costs for the feed industry, a state-run newspaper reported on Monday. The Agriculture Ministry has pro
Lean business was observed on the wholesale grain market on Monday as main buyers were reluctant in making new deals due to higher rates, dealers said. On the cereal side, makai retaining a stable trend for a long-time was quoted with a minor change at Rs
Ivory Coast's cocoa production during the forthcoming 2011-12 main crop will fall short of last year's record, the head of industry regulator BCC told Reuters on Monday. "We have not yet finished our work to come up with a specific projection, but we are
The December vaida was down and the January contract was inert on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The December contract that ha ended at Rs 1314.80 commenced with a fall of 10 paisa to Rs 1314.70. The J
Prices soared on the cotton market on Monday as rains continued in cotton belt of Sindh, dealers said The Karachi Cotton Association (KCA) official spot rate was climbed with sharp rise of Rs 400 to Rs 7400, they said. Prices of seedcotton, however, fell
Germany warned Monday of severe consequences should its immunity as a state be breached if the UN's highest court allows Italian civil courts to rule on compensation for Nazi war crimes. "The consequences would be severe," the director-general for legal a
Over a dozen suspects were taken into custody by the Law Enforcement Agencies (LEAs) in separate raids at various parts of the metropolis here on Monday. According to sources, the LEAs had arrested Hubul Bangali, who was said to be a worker of Sunni Tehre
Bike manufacturers in Pakistan have started regaining lost ground in international markets. After a steep drop in exports of around 135 percent from a peak of $3.5 million in 2009-10, the industry has registered a remarkable recovery during the four month
Bike manufacturers in Pakistan have started regaining lost ground in international markets. After a steep drop in exports of around 135 percent from a peak of $3.5 million in 2009-10, the industry has registered a remarkable recovery during the four month
The outcome of a Sui-Southern Gas Company (SSGC) meeting scheduled on Tuesday is expected to allow it to enter the liquefied petroleum gas (LPG) market to cope with the demand and supply imbalance, officials told this correspondent. Sources said here on M
The outcome of a Sui-Southern Gas Company (SSGC) meeting scheduled on Tuesday is expected to allow it to enter the liquefied petroleum gas (LPG) market to cope with the demand and supply imbalance, officials told this correspondent. Sources said here on M
The outcome of a Sui-Southern Gas Company (SSGC) meeting scheduled on Tuesday is expected to allow it to enter the liquefied petroleum gas (LPG) market to cope with the demand and supply imbalance, officials told this correspondent. Sources said here on M
The National Assembly's special committee on Karachi and Quetta has approved the Terms of References (ToRs) to probe into the targeted killings in Karachi and worsening law and order situation in Balochistan, which will present its report to the parliamen
Sindh Information Minister Sharjeel Inam Memon said that rains have affected 13,249 villages and 0.3 million people while 200 people have died so far. Talking to a private news channel on Monday, he said the current spell of monsoon rains has broken all p
Trade and business on Monday struggled to retrieve from the last weekend of torrential downpour as the choked drainage system continued to boil and stink, sludge floated and stagnant rainwater hampered pedestrian movement nearly in the city's every market
Commissioner Cheng Zhen Shan and Akbar Ghafoor Deputy Commissioner of Kashgar Prefecture called on Senator Talha Mehmood and his delegation at the Kashgar Hotel on Monday. During the meeting Senator Talha said "Pakistan is passing through a difficult time
The Punjab government on Monday tabled The Punjab Industrial and Commercial Employment (Standing Orders) (Amendment) Bill 2011 in the Punjab Assembly. Punjab Law Minister Rana Sanaullah presented the bill under a bizarre situation. Speaker Rana Iqbal aske
Federal Minister for Water and Power Syed Naveed Qamar informed the National Assembly here on Monday that India has been constructing Run-of-River Hydroelectric Plants /Dams to generate hydropower. In a written reply, he informed the house that these plan
The Federal Board of Revenue has informed the field formations that FIFO (First In, First Out) method would be followed for processing of sales tax refund claims filed under Rule 34 of the Sales Tax Rules, 2006.
Chief Justice Lahore High Court Ijaz Ahmad Chaudhry on Monday dismissed a petition against a PML-N MPA for illegally transferring a local clerk after he apologised to the court. The chief justice was hearing a case moved by Faiz ullah Bhatti of Hafizabad
Federal Minister for Industries Chaudhry Pervaiz Elahi has informed the National Assembly that sufficient stock of 1.46 million tons of sugar is available in country, which is sufficient till December 27, 2011. In a written reply, he informed the house th
Tax lawyers and experts have pinpointed 14 major anomalies and ambiguities in the amended sales tax return causing serious problems for the business community in timely filing of returns. In a letter dated September 10, 2011 to Shahid Hussain Asad Member
Easy availability and cheap rates of pharmaceutical manufacturing sector in India is the main source of criminal's easy access to chemicals and other drug related medicines, which is encouraging the illegal drug production in the region, said Major Genera
Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has said that the government has taken difficult decisions for brining the economy on track after assuming office 2008. He said that there have been certain upheavals in our economy
The 34th session of the National Assembly was prorogued premature without any debate on expected burning issues including Karachi carnage, allegations statements of Dr Zulfiqar Mirza and Muttahida Qaumi Movement (MQM) Chief Altaf Hussain.
A petition was filed in the Supreme Court on Monday seeking SC direction to stop the Ministry of Housing and Works from disposing of a plot, worth more than Rs 5 billion, at a nominal rate. Muhammad Riaz Khan former Secretary of Housing & Works filed the
he Pakistan Poverty Alleviation Fund (PPAF) has started offering the 'Equity Fund' to the most dynamic microfinance institutions and partner organisations to access commercial financing to realise their growth potential and expansion into rural areas.
Helping Hand for Relief and Development (HHRD) Welfare organisation has distributed food packages in 115 flood affected families of Charsadda here on Monday. Speaking on the occasion, Wasil Mohammad, HHRD Regional Co-ordinator told newsmen that organisati
At least eight persons including a woman were killed in separate incidents at various parts of the metropolis on Monday. According to the police, a security guard of private factory was killed by his own rifle in the limits of Awami Colony police station.
Saud Mirza, Additional Inspector General (IG) of Sindh police, on Monday said that police had arrested 1478 suspects including 48 target killers and 21 people involved in extortion and recovered huge cache of weapons in several raids in different areas of
Awami National Party Senator Zahid Khan on Monday condemned what he alleged the removal of a senior TV anchor by a channel's management. Speaking on a point of order, Zahid Khan said the journalist was sacked for speaking against Muttahida Qaumi Movement
The Government College University Lahore Chemistry Department held Inter Universities Science Poster Exhibition in collaboration with Ravians Forensic Society and international organisation MENDELEY, on Monday, to highlight the quality research being carr
Minister for Water and Power Syed Naveed Qamar on Monday informed the National Assembly that Karachi Electric Supply Company (KESC) registered 240,096 cases of power pilferage since April 2008. In a written reply to a question, he informed the house that
Member co-ordination Committee Muttahida Qaumi Movement and Chief Trustee Khidmat Khalaq Foundation (KKF) has urged to establish command and control room on emergency basis in view of torrential rains in province. He said that federal, provincial and dist
A UN team led by John Ging, Director Co-ordination and Response Division UN, OCHA and UN Country Representative, Timo Pakala visited the presidency for a meeting to brief on their visit to the flood-affected areas of the country, said a press release rece
Pakistan and Afghanistan, that are enjoying similar culture and norms, can generate heavy volume of revenue by increasing trade between them in every field including agriculture and industry. It was stated by speakers at the second phase of two-week Inter
All Pakistan Textile Mills Association and Lahore Chamber of Commerce and Industry have agreed to create synergies in lobbying for industry issues hampering economic growth of the country. This agreement materialised during the visit of LCCI President Sha
Chief of the Naval Staff, Admiral Noman Bashir, on Monday said that various development works being executed by the Pakistan Navy at Pasni, Gawadar and Ormara would also cater to the needs of local people. He was addressing the inaugural ceremony of state
The country's top bureaucracy is holding global prices responsible for current price hike in the country instead of accepting responsibility for their failure to control inflation.
Foreign Minister Hina Rabbani Khar met her Iranian counterpart Ali Akbar Salehi in Tehran and held substantive discussions on bilateral issues and measures to strengthen bilateral economic ties. A Foreign Office statement issued here said the meeting was
The fourth consultative meeting between Election Commission of Pakistan (ECP) and political parties would be held on Tuesday at ECP Secretariat to review progress made on electoral rolls-2011 in collaboration with Nadra.
President Asif Ali Zardari on Monday sent bouquet to Altaf Hassan Qureshi, a renowned journalist and columnist and Dr Ajmal Niazi, a poet and columnist in Lahore. The President wished them speedy recovery from dengue fever.
The parliamentary oversight committee on flood relief activities, while noticing that the devastations caused due to the recent floods was much higher and bitter than last year's floods, on Monday called on the masses to come forward to help the affected
Army troops deployed on the rescue and life saving operations in Southern Sindh (Laarr, Thar and Naaro) have further geared up services and deployed fresh troops along-with necessary equipment there. An ISPR statement, here on Monday, said that army troop
The Met Office on Monday said that more widespread 'heavy to very heavy' rains are likely in Lower Sindh during the next three days. The Met Office in its fresh weather advisory warned that 'heavy' spells of downpour is likely to cause more flooding in th
A special briefing was held at the Foreign Ministry for members of Diplomatic Missions and International Organisations here on Monday on the devastation caused by rains and floods. Qamar Zaman Kaira, Member of the Prime Minister's Flood Relief Committee;
A meeting of the District Emergency Officer (DEOS) from all districts of Punjab was held at the Emergency Services Academy to review the measures to tackle flood and dengue epidemic and review operational working of the service in the districts, said a pr
International Federation of Red Cross and Red Crescent (IFRC) has launched a preliminary emergency appeal for US $12 million to provide urgent relief and medical support to the victims of devastating floods. According to PRCS, the IFRC has launched this 1
Chinese government on Monday provided a cheque of $50,000 as part of its immediate relief package of $4.7 million pledged for the recent flood victims of Sindh, besides announcing provision of $3.13 million for the victims of Attabad Lake. The cheque was
Residents of the city are likely to face severe vegetable and fruit shortages in next few days mainly owing to widespread torrential rains all over the country which have disrupted their continuous supply. The retailers expressed fear that the prices of f
The recent rains have completely destroyed cotton crop standing over 30,000 acres of land in the Punjab province. This year growers sowed cotton crop over 6.2 million acres of land in the province, said Punjab Minister for Agriculture Malik Ahmad Ali Aula
Awami National Party on Monday warned the government against making Muttahida Qaumi Movement part of the ruling coalition saying it has serious reservations over government bid for re-inclusion of the former ally. This was stated by ANP Secretary Informat
The business community will continue to play its part for the revival of Pakistan's economy but the government will have to remove all bureaucratic hurdles. These views were expressed by leaders of PIAF-Founders Alliance Iftikhar Ali Malik, Mohammad Ali M
Faisalabad Electric Supply Company (FESCO) Board of Directors (BOD) is striving hard to extent the best and qualitative services to its valued customers, said Nadeem Aftab Sindhu, Chairman FESCO Board of Directors. He was addressing the 82nd Board's meeti
During a surprise visit to Benazir Bhutto Hospital (BBH) Rawalpindi, Chief Minister Punjab Shahbaz Sharif has removed the Medical Superintendent Dr Zaman Khan Niazi for not having proper arrangements to cope with dengue fever epidemic.
Lahore College for Women University (LCWU), Lahore opens admissions in 8 different programmes including BS (Hons) four-year degree programmes for which prospectus along with admission forms can be obtained from specific branches of Bank of Punjab and can
Muttahida Qaumi Movement on Monday called for investigation into the confessions made by former Sindh home minister Dr Zulfiqar Mirza of issuing 0.3 million arms licenses in the province and custodial killing of Rehman Baloch. Briefing reporters after the
Federal Minister and Chairperson Benazir Income Support Programme (BISP), Farzana Raja met Werner Liepach, Country Director Asian Development Bank (ADB) at BISP Secretariat on Monday. It was a prelude to her forthcoming meeting with the President and seni
In a year replete with major natural and man-made catastrophes, there is plenty of scope for reporting on humanitarian action in Pakistan. The ICRC has just announced the winners of the country's 2011 Humanitarian Reporting Awards for the print and electr
Federal Minster for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has asked the concerned officials of the Economic Affairs Division and the Ministry of Commerce to prepare a full list of the memorandums of understanding (MoUs) so far signed with di
President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Senator Haji Ghulam Ali has appealed to the business community and philanthropists of Sialkot that they should extend their maximum help for the flood-stricken people of Sin
The Planning Commission has highlighted an extremely disturbing statistic: food inflation rose by a whopping 74 percent in three years (June 2008-June 2011).
Year 2011, thus far, has turned out to be quite a nightmare for the national carrier. Bad news has followed the state-run airlines like a plague. Earlier in the year when stories circulated about union politics and passenger inconvenience vis-a-vis flight
Much to their anguish, Pakistanis confront a shocking socio-political scenario. How bad things are is now depicted even in TV advertisements. I just watched a KESC advertisement which reproduced cuts from a film on the violent incidents that took place in
To be drenched means to get thoroughly wet or soaked. But "Drench" in old English has another meaning: to administer a large dose of liquid medicine to someone. Take your choice!
On a mountain-bike, the cyclist comes barreling through the Bavarian pine forest, racing along a rough alpine track straight through what would have been Adolf Hitler's living room. He does not stop, or even glance, at the greyish stone wall set in the ne
Colonel Moammar Qadhafi's fall from grace is near to come full circle. Like the dictators, in desperation, he has become ruthless; he wants to continue his rule at any cost. The dictators of his variety have propensity to go wild when people stand against
"So now ANP says if the MQM is allowed back in government then they would revisit their own status as a coalition partner." "And you reckon that would ever become a source of concern to President Zardari?"
FAKT Exhibitions Private Limited and Pakistan Plastic Manufacturer Association (PPMA) announced the details of another successful show of 3P - Plas, Print, Pack Pakistan which is to be organised from March 17 - 19, 2012 at Lahore Expo Centre -Pakistan.
The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 10.815 billion in the year ended June 30, 2011 (FY11) as compared to Rs 7.436 billion earned in FY10. The company's earning per share increased to Rs 45.72 in the period under re
The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 10.815 billion in the year ended June 30, 2011 (FY11) as compared to Rs 7.436 billion earned in FY10. The company's earning per share increased to Rs 45.72 in the period under re
The profit after tax of Attock Refinery Limited has increased to Rs 2,185.546 million in the year ended June 30, 2011 (FY11) as compared to Rs 126.389 million earned in FY10. The company's earning per share (basic and diluted) from refinery operation stoo
The profit after tax of Attock Refinery Limited has increased to Rs 2,185.546 million in the year ended June 30, 2011 (FY11) as compared to Rs 126.389 million earned in FY10. The company's earning per share (basic and diluted) from refinery operation stoo
Sindh Governor, Dr Ishratul Ibad and Federal Interior Minister, Rehman Malik have issued a joint appeal to philanthropists and NGOs to contribute towards the relief fund for the rain affectees of Sindh province. This appeal was made by them after a meetin
The profit after tax of National Refinery Limited (NRL) increased to Rs 6.568 billion in the year ended on June 30, 2011 (FY11) as compared to Rs 3.284 billion earned in FY10. The company's earning per share increased to Rs 82.14 in the period under revie
The profit after tax of National Refinery Limited (NRL) increased to Rs 6.568 billion in the year ended on June 30, 2011 (FY11) as compared to Rs 3.284 billion earned in FY10. The company's earning per share increased to Rs 82.14 in the period under revie
The profit after tax of Attock Cement Pakistan Limited has declined to Rs 684.429 million in the year ended June 30, 2011 (FY11) as compared to Rs 1,016.685 million earned in FY10. The company's earning per share stood at Rs 7.90 in the period under revie