The Karachi share market on Monday witnessed a bull-run on the back of aggressive buying mainly by local investors and the KSE-100 index breached 12, 000 psychological level with the highest trading volumes in one year. investors welcomed the government a
The Karachi share market on Monday witnessed a bull-run on the back of aggressive buying mainly by local investors and the KSE-100 index breached 12, 000 psychological level with the highest trading volumes in one year. investors welcomed the government a
The Karachi share market on Monday witnessed a bull-run on the back of aggressive buying mainly by local investors and the KSE-100 index breached 12, 000 psychological level with the highest trading volumes in one year. investors welcomed the government a
The new Rabi-ul-Awwal moon may be sighted today (Tuesday). According to astronomical parameters there is a good chance of sighting. Therefore, the first of Rabi-ul-Awwal, 1433 AH may fall on Wednesday. The moon crossed the conjunction line yesterday (Mond
The new Rabi-ul-Awwal moon may be sighted today (Tuesday). According to astronomical parameters there is a good chance of sighting. Therefore, the first of Rabi-ul-Awwal, 1433 AH may fall on Wednesday. The moon crossed the conjunction line yesterday (Mond
The Federal Board of Revenue (FBR) worked without any chairman or acting chairman on Monday, as the former head Salman Siddiq got retirement last week and the slot is still lying vacant. Sources told Business Recorder that the FBR employees and fie
The Federal Board of Revenue (FBR) worked without any chairman or acting chairman on Monday, as the former head Salman Siddiq got retirement last week and the slot is still lying vacant. Sources told Business Recorder that the FBR employees and fie
The Federal Board of Revenue (FBR) worked without any chairman or acting chairman on Monday, as the former head Salman Siddiq got retirement last week and the slot is still lying vacant. Sources told Business Recorder that the FBR employees and fie
The Direc-torate General of Intelligence and Investigation Federal Board of Revenue (FBR) has unearthed tax evasion worth Rs 5.5 billion by various sectors of the economy particularly by cable TV operators, illegal tax exemption issued in favour of Indepe
The Direc-torate General of Intelligence and Investigation Federal Board of Revenue (FBR) has unearthed tax evasion worth Rs 5.5 billion by various sectors of the economy particularly by cable TV operators, illegal tax exemption issued in favour of Indepe
The Direc-torate General of Intelligence and Investigation Federal Board of Revenue (FBR) has unearthed tax evasion worth Rs 5.5 billion by various sectors of the economy particularly by cable TV operators, illegal tax exemption issued in favour of Indepe
The Obama administration on Monday imposed sanctions on Iran''s third largest bank, making it harder for Tehran to access the world''s financial system and fund its nuclear activities. Iran''s Bank Tejarat, and an affiliate Belarus-based Trade Capital Ban
The Obama administration on Monday imposed sanctions on Iran's third largest bank, making it harder for Tehran to access the world's financial system and fund its nuclear activities. Iran's Bank Tejarat, and an affiliate Belarus-based Trade Capital Bank,
The Obama administration on Monday imposed sanctions on Iran's third largest bank, making it harder for Tehran to access the world's financial system and fund its nuclear activities. Iran's Bank Tejarat, and an affiliate Belarus-based Trade Capital Bank,
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran''s nuclear development programme. In Iran, one politician respon
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development programme. In Iran, one politician respond
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development programme. In Iran, one politician respond
A US drone fired missiles into a vehicle, killing four militants in North Waziristan on Monday that hugs the Afghan border, security officials said. It was only the third such US attack reported in so far this year, following a moratorium after US firepow
A US drone fired missiles into a vehicle, killing four militants in North Waziristan on Monday that hugs the Afghan border, security officials said. It was only the third such US attack reported in so far this year, following a moratorium after US firepow
The United States rejected Monday the findings of a Pakistani probe into Nato air strikes that killed 24 Pakistani soldiers in late November, saying the investigation ignored the fact that "mistakes" were made on both sides. At a press briefing, Pentagon
The United States rejected Monday the findings of a Pakistani probe into Nato air strikes that killed 24 Pakistani soldiers in late November, saying the investigation ignored the fact that "mistakes" were made on both sides. At a press briefing, Pentagon
Pakistan Army on Monday rejected the investigation report by US Central Command (Centcom) on the Salala incident, involving aerial strikes by US aircraft and helicopters resulting in the killing of 24 Pakistani soldiers and injuries to 13 others.
Pakistan Army on Monday rejected the investigation report by US Central Command (Centcom) on the Salala incident, involving aerial strikes by US aircraft and helicopters resulting in the killing of 24 Pakistani soldiers and injuries to 13 others.
The Supreme Court on Monday quickly moved to dispel an impression created in a statement of Secretary Election Commission of Pakistan that held as if the apex Court had stayed holding of by-elections on casual vacancies in the country.
The Supreme Court on Monday quickly moved to dispel an impression created in a statement of Secretary Election Commission of Pakistan that held as if the apex Court had stayed holding of by-elections on casual vacancies in the country.
Election Commission of Pakistan (ECP) on Monday said the Supreme Court's order to stop by-elections was tantamount to violation of constitution as the commission was legally bound to hold elections within a stipulated period of 60 days. Addressing to a ne
Election Commission of Pakistan (ECP) on Monday said the Supreme Court's order to stop by-elections was tantamount to violation of constitution as the commission was legally bound to hold elections within a stipulated period of 60 days. Addressing to a ne
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
Giesecke & Devrient (G&D) is a leading international technology group with a tradition that spans over 150 years of business. Founded in 1852, G&D initially specialized in the printing of banknotes and production of security paper.
Innovative has joined hands with Giesecke and Devrient (G&D) of Munich, Germany to provide outstanding value for its customers in the realm of note processing solutions. Currently the banks in Pakistan mostly rely on manual processing pertaining to counti
Light, patchy rains fell in Ivory Coast's eastern and southern cocoa growing regions last week, raising hopes for output, while drought and wind continued in most other areas of the West African country. An unusually harsh dry season since November has un
India's biggest iron ore miner, NMDC Ltd, said it has resumed operations in the central Indian state of Chhattisgarh, which accounts for two-thirds of its annual ouput of 25 million tonnes, after protests disrupted railway movements for 10 days. "The supp
China has suspended imports of oilmeal from India after it found contamination of a hazardous chemical in rapeseed meal last year, an Indian trade body said, potentially hitting India's overall exports of the animal feedstock. "For the time being, China h
Storms were forecast for Argentina on Monday after patchy weekend rains failed to moisten many corn and soya fields nearly ruined by a drought that has raised concerns about world food supplies. Weeks of dryness in Argentina, the worlds' No 2 corn exporte
The Karachi Port handled 234,724 tonnes of cargo comprising 134,294 tonnes of import cargo and 100,430 tonnes of export cargo including 6,068 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 134,294 t
A cold front will bring much needed rain to Brazil's No 2 and 3 soyabean producing states of Parana and Rio Grande do Sul on Tuesday and Wednesday, local meteorologist Somar forecast Monday. The two main southern producing states have been the worst hit b
Falling trend was seen on the forward cottonseed oilcake market on Monday in process of trading dealers said. The January contract that had close at Rs 1154.00 commenced with a fall Rs 1.90 at Rs 1152.10. The March vaida which closed at Rs 773.80 suffered
All round improvement was witnessed on cotton market on Monday, said participants here. KCA gave a jump to sport rate of Rs 150 to Rs 5,750, they said. Prices of seed cotton in Sindh were at Rs 1800-2400 and in Punjab at Rs 2000-2750 it was reported.
Bids for hard red winter wheat in the US Plains were steady to mixed on Monday as spotty mill demand was noted. The basis was a dime firmer in Mewton and Wichita, Kansas, but 3 cents weaker in Salina, Kansas. Protein premiums climbed 2-7 cents a bushel fo
The grain and seed market opened on a positive note on Monday, though the changes were few and far but the magnitude was quite good, dealers said. On cereal side prices of barley both in Sindh and Mardan were higher by Rs 50 at Rs 3650, guwar in Sindh and
Take-over talk swirled around Research In Motion on Monday as investors and analysts pondered whether new Chief Executive Thorsten Heins had been appointed to lead a turnaround of the struggling phonemaker or prepare it for sale. Heins, who joined the Can
Sony Corp and Fujifilm Holdings are leading contenders for an equity stake in Olympus Corp, sources familiar with the situation said, as the scandal-hit medical equipment maker moves to shore up its finances. The field of possibilities has narrowed, with
Russia has signed a deal to sell Syria nearly 40 fighter jet trainers for over half a billion dollars, a Russian newspaper reported on Monday, despite growing international criticism over its military trade with the violence-ridden country. Syrian Preside
The founder of file-sharing website Megaupload was ordered to be held in custody by a New Zealand court on Monday, as he denied charges of internet piracy and money laundering and said authorities were trying to portray the blackest picture of him.
YouTube, Google Inc's video website, is streaming 4 billion online videos every day, a 25 percent increase in the past eight months, according to the company. The jump in video views comes as Google pushes YouTube beyond the personal computer, with versio
The World Bank on Monday lifted a funding freeze to Yemen and said it would resume relations with the new power-sharing government after closing its office in March 2011 due to political turmoil and unrest. "The Bank's reengagement comes as a result of th
Truckers blocked roads throughout Italy and taxi drivers resumed a strike on Monday as opposition mounted to fuel tax rises and economic reforms aimed at opening up competition in protected sectors including transport and pharmacies. Roads and highways fr
Germany and France pressed on Monday for a rapid deal between Greece and its private creditors that cuts its soaring debt to sustainable levels and said they were committed to a sealing a new bailout for Athens by March to avert a disastrous default.
Petrobras plans to name veteran engineer Maria das Graças Foster as chief executive, promoting a respected technocrat from the company's ranks in a bid to turn around the Brazilian oil giant's lacklustre performance in recent years. Rio de Janeiro-based P
Consumer confidence in the 17 countries of the Eurozone rose marginally in January, data showed on Monday, with concerns about the slowing economy balanced against a stronger stock market and some optimism over the debt crisis. Consumer morale crept up to
The Saudi cabinet on Monday approved efforts towards developing oil and gas co-operation with China, the state news agency SPA reported, after a visit by the Chinese prime minister to the world's top oil exporter as Iran tensions were rising. "The cabinat
Big emerging economies such as China, India and Saudi Arabia will not aid the West in its financial crisis unless they are given more influence in running the global economy, a senior figure from Saudi Arabia's ruling establishment said on Monday.
Egypt's bourse climbed to a seven-week high on Monday after the first sitting of the country's new parliament lifted hopes of political stability, while Gulf markets were mixed. Cairo's main index rose 2.4 percent to its highest close since December 6. Al
Indian shares rose for a third straight session, inching up 0.08 percent on Monday, helped by financials while a decline in Reliance Industries, which reported its first quarterly profit fall in two years, capped the index gains. Financials rose a day ahe
US stocks were little changed on Monday as recent earnings reports and development in the euro zone provided little incentive to disrupt the recent tone for equities on the heels of the best weekly performance by the S&P 500 in a month. US stocks are up n
Stocks, foreign exchange and commodity markets in China, Hong Kong, Jakarta, Kuala Lumpur, Manila, Seoul, Singapore and Taipei were closed on Monday due to the Lunar New Year holiday. China and Taiwan markets closed for long Lunar New Year holiday. Taiwan
Sri Lanka's share market fell more than 2 percent on Monday to a 17-month low, continuing its losing streak for a fifth straight session as retail investors sold off shares to trim leveraged positions and meet margin calls. The main share index ended 118.
The Nikkei average ended flat on Monday to halt a four-day winning streak, with early gains capped by market worries over Greece after negotiations with private creditors failed, raising the stakes for a meeting later in the day at which euro zone finance
European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch. The STOXX Europe 6
London's growing role as a major offshore hub for the Chinese currency looks set to generate huge demand here for yuan-denominated bonds from large European investors, and more interest from corporates in trading the renminbi, a senior HSBC official said
London's growing role as a major offshore hub for the Chinese currency looks set to generate huge demand here for yuan-denominated bonds from large European investors, and more interest from corporates in trading the renminbi, a senior HSBC official said