Pakistan and the Islamic Development Bank (IDB) have finalised negotiation on 'Country Partnership Strategy' worth $3 billion for a period of three years, while approval from the bank's board is awaited. This was stated by Economic Affairs Division Secret
The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
Senior lawyer Aitzaz Ahsan said on Friday that government was resorting to delay in every matter of importance, adding that had the Executive started investigation into Memogate scandal on time there would have been no need of any judicial intervention. A
Senior lawyer Aitzaz Ahsan said on Friday that government was resorting to delay in every matter of importance, adding that had the Executive started investigation into Memogate scandal on time there would have been no need of any judicial intervention. A
Bearish sentiments prevail on the Lahore Stock Exchange (LSE) and the equities registered declines across the board amid selling pressure. The LSE-25 index lost 70.20 points and was ended at 2889.96 points against 2960.16 points of Thursday, while transac
Bearish sentiments prevail on the Lahore Stock Exchange (LSE) and the equities registered declines across the board amid selling pressure. The LSE-25 index lost 70.20 points and was ended at 2889.96 points against 2960.16 points of Thursday, while transac
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 41.73 points, as the Index moved from 2,644.84 to 2,603.11 points.
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 41.73 points, as the Index moved from 2,644.84 to 2,603.11 points.
The European Union expanded its sanctions list against Syria on Friday to include Syria''s finance and economy ministers, state-owned oil companies and two media organisations. Finance Minister Mohammad al-Jleilati and Economy Minister Mohammad Nidal al-S
The European Union expanded its sanctions list against Syria on Friday to include Syria's finance and economy ministers, state-owned oil companies and two media organisations. Finance Minister Mohammad al-Jleilati and Economy Minister Mohammad Nidal al-Sh
The European Union expanded its sanctions list against Syria on Friday to include Syria's finance and economy ministers, state-owned oil companies and two media organisations. Finance Minister Mohammad al-Jleilati and Economy Minister Mohammad Nidal al-Sh
Prime Minister Syed Yousuf Raza Gilani on Friday assured the Competition Commission of Pakistan (CCP) that secured source of funding would be provided to the Commission through provision of 3 percent of fee/charges collected by regulatory authorities to e
Prime Minister Syed Yousuf Raza Gilani on Friday assured the Competition Commission of Pakistan (CCP) that secured source of funding would be provided to the Commission through provision of 3 percent of fee/charges collected by regulatory authorities to e
Prime Minister Syed Yousuf Raza Gilani on Friday assured the Competition Commission of Pakistan (CCP) that secured source of funding would be provided to the Commission through provision of 3 percent of fee/charges collected by regulatory authorities to e
A Pakistani official on Friday denied a Western newspaper report that Pakistani officials gave the go-ahead to a Nato air strike that killed 24 troops, unaware that their own forces were in the area. Last weekend's cross-border attack has caused public ou
A Pakistani official on Friday denied a Western newspaper report that Pakistani officials gave the go-ahead to a Nato air strike that killed 24 troops, unaware that their own forces were in the area. Last weekend's cross-border attack has caused public ou
Parliamentary Committee on National Security while fully endorsing all decisions of federal cabinet taken in aftermath of November 26 Nato strike decided on Friday to work out new terms of engagement with the United States.
Parliamentary Committee on National Security while fully endorsing all decisions of federal cabinet taken in aftermath of November 26 Nato strike decided on Friday to work out new terms of engagement with the United States.
The White House on Thursday dismissed the notion of offering an apology to Pakistan over the Nato air strikes that killed 24 soldiers, insisting an inquiry was still ongoing as to how the men died. "I, speaking for the White House and the president, offer
The White House on Thursday dismissed the notion of offering an apology to Pakistan over the Nato air strikes that killed 24 soldiers, insisting an inquiry was still ongoing as to how the men died. "I, speaking for the White House and the president, offer
Pakistan has officially withdrawn from an international conference on Afghanistan, Germany's foreign ministry said on Friday, saying that it regretted the boycott. Pakistan said on Tuesday it planned to pull out of the meeting in reaction to a cross-borde
Pakistan has officially withdrawn from an international conference on Afghanistan, Germany's foreign ministry said on Friday, saying that it regretted the boycott. Pakistan said on Tuesday it planned to pull out of the meeting in reaction to a cross-borde
Migrant workers from developing countries will have sent home more than $350 billion in remittances by the end of this year, a World Bank report said Friday. The figure tops $400 billion for 2011 if money sent to high-income countries is included, said th
Migrant workers from developing countries will have sent home more than $350 billion in remittances by the end of this year, a World Bank report said Friday. The figure tops $400 billion for 2011 if money sent to high-income countries is included, said th
Migrant workers from developing countries will have sent home more than $350 billion in remittances by the end of this year, a World Bank report said Friday. The figure tops $400 billion for 2011 if money sent to high-income countries is included, said th
Migrant workers from developing countries will have sent home more than $350 billion in remittances by the end of this year, a World Bank report said Friday. The figure tops $400 billion for 2011 if money sent to high-income countries is included, said th
The field formations of the Federal Board of Revenue have started issuing sales tax audit notices to the taxpayers including Karachi-based manufacturers, exporters and traders, etc, for the year ended June 2011. Talking to Business Recorder here on
The field formations of the Federal Board of Revenue have started issuing sales tax audit notices to the taxpayers including Karachi-based manufacturers, exporters and traders, etc, for the year ended June 2011. Talking to Business Recorder here on
The field formations of the Federal Board of Revenue have started issuing sales tax audit notices to the taxpayers including Karachi-based manufacturers, exporters and traders, etc, for the year ended June 2011. Talking to Business Recorder here on
Turnout in the first leg of Egypt's first free election in six decades was an unprecedented 62 percent, the head of the election committee said on Friday, far higher than in the rigged polls under deposed President Hosni Mubarak. Abdul Moez Ibrahim acknow
Turnout in the first leg of Egypt's first free election in six decades was an unprecedented 62 percent, the head of the election committee said on Friday, far higher than in the rigged polls under deposed President Hosni Mubarak. Abdul Moez Ibrahim acknow
On Friday, the BRIndex30 opened at 8,822.86 points and remained in red for whole of the trading session with a downward trend, except for the first few minutes after market opening. It touched the intra-day high of 8,836.49 points and low of 8,542.89 poin
On Friday, the BRIndex30 opened at 8,822.86 points and remained in red for whole of the trading session with a downward trend, except for the first few minutes after market opening. It touched the intra-day high of 8,836.49 points and low of 8,542.89 poin
A serious deterioration in Pakistan-US relations and prevailing political situation in the country on Friday invited panic selling at the Karachi share market, market participants said. The KSE-100 index declined by 185.16 points and closed at five-week l
A serious deterioration in Pakistan-US relations and prevailing political situation in the country on Friday invited panic selling at the Karachi share market, market participants said. The KSE-100 index declined by 185.16 points and closed at five-week l
A serious deterioration in Pakistan-US relations and prevailing political situation in the country on Friday invited panic selling at the Karachi share market, market participants said. The KSE-100 index declined by 185.16 points and closed at five-week l
State Bank of Pakistan Governor Yasin Anwar on Friday said the current dollar-rupee parity is market-driven and the situation will normalise soon. He was talking to reporters at the fifth Pakistan Microfinance Country Forum here. He said the dollar demand
State Bank of Pakistan Governor Yasin Anwar on Friday said the current dollar-rupee parity is market-driven and the situation will normalise soon. He was talking to reporters at the fifth Pakistan Microfinance Country Forum here. He said the dollar demand
State Bank of Pakistan Governor Yasin Anwar on Friday said the current dollar-rupee parity is market-driven and the situation will normalise soon. He was talking to reporters at the fifth Pakistan Microfinance Country Forum here. He said the dollar demand
The members of the Karachi Stock Exchange (KSE) on Friday unanimously rejected the SECP concept paper on ''New Brokers'' Registration Regime,'' saying the idea of brokers'' minimum capital requirement to be enhanced to Rs 400 million is not acceptable.
The members of the Karachi Stock Exchange (KSE) on Friday unanimously rejected the SECP concept paper on 'New Brokers' Registration Regime,' saying the idea of brokers' minimum capital requirement to be enhanced to Rs 400 million is not acceptable.
The members of the Karachi Stock Exchange (KSE) on Friday unanimously rejected the SECP concept paper on 'New Brokers' Registration Regime,' saying the idea of brokers' minimum capital requirement to be enhanced to Rs 400 million is not acceptable.
Double-digit headline inflation continues to plague the country as Consumer Price Index (CPI) increased by 11.10 percent during July-November 2011-12 compared to the same period of last year, Federal Bureau of Statistics (FBS) stated on Friday.
Double-digit headline inflation continues to plague the country as Consumer Price Index (CPI) increased by 11.10 percent during July-November 2011-12 compared to the same period of last year, Federal Bureau of Statistics (FBS) stated on Friday.
Double-digit headline inflation continues to plague the country as Consumer Price Index (CPI) increased by 11.10 percent during July-November 2011-12 compared to the same period of last year, Federal Bureau of Statistics (FBS) stated on Friday.
The country''s fiscal deficit for the first three months of the fiscal year ending June 2012 was 1.2 percent of gross domestic product, the Finance Ministry said on its website on Friday. A Finance Ministry official had said in October the fiscal deficit
The country's fiscal deficit for the first three months of the fiscal year ending June 2012 was 1.2 percent of gross domestic product, the Finance Ministry said on its website on Friday. A Finance Ministry official had said in October the fiscal deficit f