On Monday, BRIndex30 opened at 10,033.12 and remained negative throughout the trading session. It touched an intraday high of 10,041.26 and an intraday low of 9,764.33 and closed at 9,792.13 which was -240.99 points or -2.4 percent lower than previous clo
The KSE-100 index on Monday registered a heavy decline of 219.40 points and closed at the level of 13,077.72 points due to selling by local investors and institutions. Initially, the market witnessed some support on the back of investors'' interest in som
The KSE-100 index on Monday registered a heavy decline of 219.40 points and closed at the level of 13,077.72 points due to selling by local investors and institutions. Initially, the market witnessed some support on the back of investors' interest in some
The KSE-100 index on Monday registered a heavy decline of 219.40 points and closed at the level of 13,077.72 points due to selling by local investors and institutions. Initially, the market witnessed some support on the back of investors' interest in some
The Federal Board of Revenue has barred the Collectors of Customs, Model Customs Collectorates (MCCs) from processing the refund claims of Federal Excise Duty and Development Surcharge on petrol/diesel purchased by diplomatic missions/embassies as the sam
The Federal Board of Revenue has barred the Collectors of Customs, Model Customs Collectorates (MCCs) from processing the refund claims of Federal Excise Duty and Development Surcharge on petrol/diesel purchased by diplomatic missions/embassies as the sam
The Federal Board of Revenue has barred the Collectors of Customs, Model Customs Collectorates (MCCs) from processing the refund claims of Federal Excise Duty and Development Surcharge on petrol/diesel purchased by diplomatic missions/embassies as the sam
Chairman National Electric Power Regulatory Authority (Nepra) Khalid Saeed has resigned without stating any reason however insiders claim that his tenure had expired. "Chairman Nepra has resigned due to personal reasons," Syed Safeer Hussain, Nepra spokes
Chairman National Electric Power Regulatory Authority (Nepra) Khalid Saeed has resigned without stating any reason however insiders claim that his tenure had expired. "Chairman Nepra has resigned due to personal reasons," Syed Safeer Hussain, Nepra spokes
Chairman National Electric Power Regulatory Authority (Nepra) Khalid Saeed has resigned without stating any reason however insiders claim that his tenure had expired. "Chairman Nepra has resigned due to personal reasons," Syed Safeer Hussain, Nepra spokes
The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan is experiencing the second highest inflation in the region after Bangladesh, it is learnt. Sources said the ECC was informed that a regional comparison suggests that Paki
The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan is experiencing the second highest inflation in the region after Bangladesh, it is learnt. Sources said the ECC was informed that a regional comparison suggests that Paki
The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan is experiencing the second highest inflation in the region after Bangladesh, it is learnt. Sources said the ECC was informed that a regional comparison suggests that Paki
Pakistan Sugar Mills Association (PSMA) has urged the government to buy 0.4 million tons of sugar from mills immediately to avert any chaos in the country, official sources told Business Recorder.
Pakistan Sugar Mills Association (PSMA) has urged the government to buy 0.4 million tons of sugar from mills immediately to avert any chaos in the country, official sources told Business Recorder.
Pakistan Sugar Mills Association (PSMA) has urged the government to buy 0.4 million tons of sugar from mills immediately to avert any chaos in the country, official sources told Business Recorder.
Net foreign investment in the country has decline by 65 percent during the first eight months of current fiscal year 2011-2012 because of adverse law and order situation, energy crisis and uncertainty on economic front.
Net foreign investment in the country has decline by 65 percent during the first eight months of current fiscal year 2011-2012 because of adverse law and order situation, energy crisis and uncertainty on economic front.
Net foreign investment in the country has decline by 65 percent during the first eight months of current fiscal year 2011-2012 because of adverse law and order situation, energy crisis and uncertainty on economic front.
The country''s current account deficit continues to widen. It reached nearly $3 billion, registering a notable increase of 1421 percent, during first eight months of current fiscal year (2011-12) primarily driven by high deficit of trade and services sect
The country's current account deficit continues to widen. It reached nearly $3 billion, registering a notable increase of 1421 percent, during first eight months of current fiscal year (2011-12) primarily driven by high deficit of trade and services secto
The country's current account deficit continues to widen. It reached nearly $3 billion, registering a notable increase of 1421 percent, during first eight months of current fiscal year (2011-12) primarily driven by high deficit of trade and services secto
The Federal Reserve said Monday that it plans to fine eight additional US bank holding companies for improperly foreclosing on homeowners. The financial firms EverBank, Goldman Sachs Group, HSBC Holdings PLC, PNC Financial Services Group, MetLife, OneWest
The Federal Reserve said Monday that it plans to fine eight additional US bank holding companies for improperly foreclosing on homeowners. The financial firms EverBank, Goldman Sachs Group, HSBC Holdings PLC, PNC Financial Services Group, MetLife, OneWest
The Federal Reserve said Monday that it plans to fine eight additional US bank holding companies for improperly foreclosing on homeowners. The financial firms EverBank, Goldman Sachs Group, HSBC Holdings PLC, PNC Financial Services Group, MetLife, OneWest
While questioning the role of intelligence agencies, the Supreme Court has directed Attorney General for Pakistan to warn them against illegal confinement of people. A three-member bench led by Chief Justice Iftikhar Muhammad Chaudhry has been hearing a p
While questioning the role of intelligence agencies, the Supreme Court has directed Attorney General for Pakistan to warn them against illegal confinement of people. A three-member bench led by Chief Justice Iftikhar Muhammad Chaudhry has been hearing a p
Prime Minister Yousuf Raza Gilani Monday refused to write a letter to the Swiss authorities to re-open graft cases against President Asif Ali Zardari, requesting the court to refer the matter to Parliament. On March 8, the court had ordered the Premier to
Prime Minister Yousuf Raza Gilani Monday refused to write a letter to the Swiss authorities to re-open graft cases against President Asif Ali Zardari, requesting the court to refer the matter to Parliament. On March 8, the court had ordered the Premier to
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
The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Monday (March 19, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
India's oilseed output rose 2.2 percent to 26.01 million tonnes in the current crop year, a leading trade body said on Sunday, with the main winter-sown rapeseed crop hit by adverse weather conditions, and suggesting edible oil imports might rise. Output
The March vaida was unchanged while May contract was down on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The March vaida that had closed at Rs 768.00 opened with no change at the same rate. The May vaida which clos
In the absence of strong demand, the volume of business was very low on the cotton market on Monday, dealers said. The Karachi Cotton Association (KCA), official spot rate was inert at Rs 5250, they said. Prices of seedcotton in Sindh were at Rs 1700-2300
US Plains hard red winter wheat basis bids were holding steady on Monday, with merchants reporting increased enquiries from farmers in a signal of possible new-crop sales. Mill demand was light for spot supplies as contracted shipments were largely arrivi
Higher prices kept leading buyers on the sidelines on the wholesale grain and seed market on Monday in process of trading, dealers said. On the cereal side, guwar Sindh and Punjab were sharply higher by Rs 600 to Rs 30000-31000, gur low type was down by R
The good news for anybody planning to spend billions of dollars developing a coal mine in Australia, Indonesia or Mozambique is that China's import demand may jump to 1 billion tonnes a year within two decades. But the bad news for mining executives is th
About 30 percent of sprouted Ukrainian winter grains were in poor state as of March 15, the Agriculture Ministry said on Monday. Record drought in July-November and severe frosts in January-February affected grain crops in Ukraine's eastern and southern r
Russian export prices for benchmark wheat declined last week after Egypt bought US and Canadian supplies in a tender, while competition from neighbouring Kazakhstan added to the downward pressure on prices, analysts said on Monday. Russian wheat with 12.5
European wheat futures eased on Monday in line with US prices as grain markets consolidated after a strong rally last week and as operators started to look ahead to key US planting estimates at the end of the month. Benchmark May milling wheat in Paris wa
China could see a three-fold jump in rice imports from Vietnam this year, industry officials said on Monday, as the world's biggest consumer steps up purchases to contain domestic prices. The demand from China, coupled with an industry-led stockpiling cam
The Karachi Port handled 103,441 tonnes of cargo comprising1 74,453 tonnes of import cargo and 28,988 tonnes of export cargo including 5,738 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 74,453 ton
The US Federal Reserve has not yet decided whether to embark on a third round of quantitative easing, or QE3, though it remains an option, an influential Fed official said on Monday. New York Fed President William Dudley, a close ally of Chairman Ben Bern
Greece's struggling economy will contract by another 4.5 percent of output this year ahead of a possible rebound in 2013, the Bank of Greece said in an annual report on Monday. "The recession is expected to continue in 2012 and according to temporary esti
Global economic growth will slow this year, with the United States looking much improved but risks still to the downside as Europe's financial markets remain fragile, the deputy managing director of the International Monetary Fund said on Monday.
The US Treasury said Monday it had earned $25 billion from investments it made in mortgage-backed securities during the height of the financial crisis in 2008-2009. Announcing the completion of its disposal of its position in the securities, which were at
United Parcel Service will pay 5.2 billion euros ($6.85 billion) for Dutch peer TNT Express in a deal that will make the world's largest package delivery company the market leader in Europe. UPS will also get access to TNT's stronger networks in the fast-
The US ambassador to China on Monday urged Beijing to end its "unfair" currency policies and stop discrimination against American firms, amid growing trade frictions between the two countries. In a strongly-worded speech, Gary Locke called for fairness in
Citigroup is paying $1.25 million to settle with industry regulators over allegations that it charged customers too much on corporate bond transactions. The Financial Industry Regulatory Authority, the securities industry's self-policing regulator, say it
Britain's cash-strapped government could lease chunks of its road network to the private sector as Prime Minister David Cameron seeks to improve the country's infrastructure to stop it falling further behind its competitors. The move to seek help from sov
Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.
Data published by the European Central Bank on Monday showed that the bank bought no bonds of eurozone nations last week after only buying a minimal amount the week before. The ECB first launched its bond-buying blitz, or Securities Market Programme (SMP)
Data published by the European Central Bank on Monday showed that the bank bought no bonds of eurozone nations last week after only buying a minimal amount the week before. The ECB first launched its bond-buying blitz, or Securities Market Programme (SMP)
India's budget for 2012/13 lacks new solutions to address its fiscal constraints and is credit negative for the sovereign, ratings agency Moody's Investors Service said, after the government set modest targets to rein in a bloated deficit. "A dependence o
India's budget for 2012/13 lacks new solutions to address its fiscal constraints and is credit negative for the sovereign, ratings agency Moody's Investors Service said, after the government set modest targets to rein in a bloated deficit. "A dependence o
RUSAL, the world's top aluminium maker, took a $1.4 billion hit in its 2011 financials on Monday on the value of its stake in Norilsk Nickel, whose fate is at the centre of a row between two Russian billionaire shareholders. The writedown, and a qualified
The United States on Monday set large punitive duties on imports of steel wheels from China that it said were unfairly priced and subsidised, in the latest sign of trade tension between the world's two biggest economies. The US Commerce Department said Ch
The chairman of Swiss private bank Julius Baer will head a special committee dealing with a US tax probe after leaving his current role, underlining the pressure Swiss banks are feeling from claims they helped wealthy Americans dodge taxes. Raymond Baer,
Southeast Asian stocks ended mostly lower on Monday as worries about the impact of high oil prices on profit margins prompted investors to cash in on recent gains. Singapore's Straits Times Index ended down 0.7 percent, after Friday's climb to a seven-mon
Sri Lanka's rupee hit a new record low of 131.60 on Monday due to importer dollar demand ahead of the April festive season, despite the central bank's forecast of a substantial recovery on more than $365 million of inflows. The stock market meanwhile ende
Indian shares fell for a third straight session on Monday to their lowest close in more than a week as continued concerns over the country's finances hit sectors particularly sensitive to growth such as banking, while earnings worries hit technology stock
US stocks rose on Monday with the S&P 500 now less than 10 percent away from its historic closing high of October 2007, buoyed by Apple after the company said it will pay a dividend and buy back stock. Shares of Apple Inc, which accounts for about 19 perc
Taiwan stocks closed down 0.14 percent on Monday, but chipmaker Taiwan Semiconductor Manufacturing Co Ltd ended higher after saying it may raise 2012 capital expenditure. The main TAIEX index shed 11.02 points to 8,043.92, dragged by the plastics sub-inde
European share prices slipped on Monday to snap a four-day winning streak and after stocks hit an eight-month high last week, with traders and fund managers reporting some rotation out of top-performing sectors such as carmakers into cheaper prospects suc
Seoul shares rose on Monday after US stocks wrapped up their best trading week in three months on Friday, but gains were capped as institutions were seen cashing in on recent gains near a key chart level. The Korea Composite Stock Price Index (KOSPI) rose
Hong Kong shares surrendered early gains on Monday, dragged down by Chinese banks after mainland media reported that loan growth could fall short of quarterly targets. Also hurting the finance sector was anxiety about an earnings season that starts this w