China, Russia and four Central Asian countries have vowed to play a bigger role in Afghanistan, Chinese President Hu Jintao said in comments published Wednesday, as Nato forces prepare to pull out. He said the Shanghai Cooperation Organisation (SCO) - a g
Pakistan and China on Wednesday signed three memorandums of understanding (MoUs) covering supply of water from Tarbela to Islamabad, establishment of Special Economic Zone in the proposed new city Zulfikarabad in Sindh and the building of 6,000 flats in I
Pakistan and China on Wednesday signed three memorandums of understanding (MoUs) covering supply of water from Tarbela to Islamabad, establishment of Special Economic Zone in the proposed new city Zulfikarabad in Sindh and the building of 6,000 flats in I
Pakistan and China on Wednesday signed three memorandums of understanding (MoUs) covering supply of water from Tarbela to Islamabad, establishment of Special Economic Zone in the proposed new city Zulfikarabad in Sindh and the building of 6,000 flats in I
The Karachi Stock Exchange (KSE), with prior approval of Securities and Exchange Commission of Pakistan (SECP) has made some amendments in its Listing Regulations. These amendments have been sent for publication in the Official Gazette of Pakistan.
The Karachi Stock Exchange (KSE), with prior approval of Securities and Exchange Commission of Pakistan (SECP) has made some amendments in its Listing Regulations. These amendments have been sent for publication in the Official Gazette of Pakistan.
The Karachi Stock Exchange (KSE), with prior approval of Securities and Exchange Commission of Pakistan (SECP) has made some amendments in its Listing Regulations. These amendments have been sent for publication in the Official Gazette of Pakistan.
The Supreme Court on Wednesday, issued notices to Prime Minister Yousaf Raza Gilani, Speaker National Assembly Dr Fehmida Mirza and the Election Commission of Pakistan for June 14 in identical petitions against the Speaker's ruling in the PM contempt case
The Supreme Court on Wednesday, issued notices to Prime Minister Yousaf Raza Gilani, Speaker National Assembly Dr Fehmida Mirza and the Election Commission of Pakistan for June 14 in identical petitions against the Speaker's ruling in the PM contempt case
The Senate Standing Committee on Finance here on Wednesday recommended that the subsidy for the power sector be raised to Rs 500 billion for the upcoming fiscal year 2012-13 as the country''s economy cannot bear the additional burden of Rs 0.5 trillion.
The Senate Standing Committee on Finance here on Wednesday recommended that the subsidy for the power sector be raised to Rs 500 billion for the upcoming fiscal year 2012-13 as the country's economy cannot bear the additional burden of Rs 0.5 trillion.
The Senate Standing Committee on Finance here on Wednesday recommended that the subsidy for the power sector be raised to Rs 500 billion for the upcoming fiscal year 2012-13 as the country's economy cannot bear the additional burden of Rs 0.5 trillion.
Federal Board of Revenue (FBR) Member Inland Revenue Shahid Hussain Asad on Wednesday floated a new proposal to generate additional revenue from the rich persons by collecting some extra income tax on consumption of above 1,000 units of electricity on mon
Federal Board of Revenue (FBR) Member Inland Revenue Shahid Hussain Asad on Wednesday floated a new proposal to generate additional revenue from the rich persons by collecting some extra income tax on consumption of above 1,000 units of electricity on mon
Federal Board of Revenue (FBR) Member Inland Revenue Shahid Hussain Asad on Wednesday floated a new proposal to generate additional revenue from the rich persons by collecting some extra income tax on consumption of above 1,000 units of electricity on mon
Moody''s Investors Service cut the credit ratings of six German banking groups and Austria''s three largest banks on Wednesday, underscoring that even the euro zone''s strongest economies face risks if the region''s debt crisis deepens.
Moody's Investors Service cut the credit ratings of six German banking groups and Austria's three largest banks on Wednesday, underscoring that even the euro zone's strongest economies face risks if the region's debt crisis deepens.
Moody's Investors Service cut the credit ratings of six German banking groups and Austria's three largest banks on Wednesday, underscoring that even the euro zone's strongest economies face risks if the region's debt crisis deepens.
Iran is ready to finance a multi-billion dollar gas pipeline in Pakistan, which has been delayed for two years due to Western pressure, the Fars news agency said on Wednesday, quoting an "informed source." "Financial difficulties and obstruction by some W
Iran is ready to finance a multi-billion dollar gas pipeline in Pakistan, which has been delayed for two years due to Western pressure, the Fars news agency said on Wednesday, quoting an "informed source." "Financial difficulties and obstruction by some W
Iran is ready to finance a multi-billion dollar gas pipeline in Pakistan, which has been delayed for two years due to Western pressure, the Fars news agency said on Wednesday, quoting an "informed source." "Financial difficulties and obstruction by some W
Leader of Opposition in the National Assembly Chaudhry Nisar Ali Khan Wednesday accused Malik Riaz Hussain, a property tycoon, of hatching a conspiracy against Chief Justice Iftikhar Mohammad Chaudhry by blackmailing his son Dr Arsalan Iftikhar to manipul
Leader of Opposition in the National Assembly Chaudhry Nisar Ali Khan Wednesday accused Malik Riaz Hussain, a property tycoon, of hatching a conspiracy against Chief Justice Iftikhar Mohammad Chaudhry by blackmailing his son Dr Arsalan Iftikhar to manipul
Chief Justice of Pakistan Justice Iftikhar Chaudhry on Wednesday initiated suo motu proceedings against his son Arsalan Iftikhar following allegations in the media that he was paid up to Rs 400 million by a real estate tycoon to influence cases in the ape
Chief Justice of Pakistan Justice Iftikhar Chaudhry on Wednesday initiated suo motu proceedings against his son Arsalan Iftikhar following allegations in the media that he was paid up to Rs 400 million by a real estate tycoon to influence cases in the ape
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 Wednesday (June 06, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover fo
Official cocoa purchases in Ghana reached 775,761 tonnes by May 24 since the start of the season in October, down 11.3 percent from the 874,291 tonnes recorded in the same period a year ago, according to data from regulator Cocobod seen by Reuters on Tues
"FAS/Moscow forecasts grain production in Russia in 2012 at 88 million tonnes. This includes a forecast of 54 million tonnes for wheat, 16 million tonnes for barley and 6.5 million tonnes for corn. Wheat production is expected to fall from last year as a
Corn export premiums at the US Gulf Coast rose on Tuesday in tandem with a firmer CIF barge basis as tight supplies of old-crop corn and lower futures prices supported values, traders said. Export interest for US Gulf corn remained mostly slow as lower pr
US wheat futures fell Tuesday, handing back nearly all of Monday's gains by the close of pit trading at 1:15 pm CDT (1815 GMT), pressured by the fast-moving harvest in the US Plains, traders said. A firmer dollar, which makes US commodities less attractiv
Cocoa farmgate prices in Ivory Coast's principal growing regions declined last week as falling prices on the futures market sapped export demand, f a rmers and buyers said on Tuesday. Mid-crop harvesting in the world's top cocoa producer is beginning to p
The Karachi Port handled 38,645 tonnes of cargo including 23,821 tonnes of import, 14,824 tonnes of export cargo and 2,515 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Wednesday. The total impor
The July vaida extended its rise on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The July vaida closed at Rs 850.90 and it commenced with a gain of 30 paisa at Rs 851.20, the December contract closed at Rs 850.20
Prices showed slight improvement on the cotton market on Wednesday amid modest trading activity, dealers said. Official spot rate was unchanged at Rs 5,500, they added. In ready business, only 1700 bales of cotton changed hands between Rs 5000-5800, they
Canadian canola futures slipped on Tuesday due to favourable weather in the Canadian Prairies for developing crops, traders said. Hot weather forecast this week for much of Prairies should help crops develop and allow farmers to plant their last acres. Ca
Commodity prices moved both ways on the wholesale grain market on Wednesday in slow trading, dealers said. Commenting on the lean business, they said that most of the participants were on the sidelines amid expectations for slide in the prices on thin dem
Political and business corruption in Europe, especially in the Mediterranean, could further weaken vulnerable economies struggling to overcome the euro crisis, an international watchdog said on Wednesday.
Argentina slapped new tariffs on capital goods imports on Wednesday as President Cristina Fernandez works to shore up slowing local industry with protectionist measures that are irking some key trade partners. Center-left Fernandez has imposed tough and s
Sri Lanka's first Chinese-built port, a strong symbol of Beijing's investment in South Asia, opened for international shipping on Wednesday with the arrival of 1,000 cars from India. The $1.5-billion deep-sea port in southern Hambantota, the home constitu
Swiss manufacturer Stadler Rail unveiled on Wednesday a train 50 percent more powerful than its competitors, earning it a multi-million franc deal with a Brazilian buyer. Described by Stadler as "by far the largest and most powerful rack-and-pinion locomo
Struggling mobile phone maker Nokia Oyj has unveiled its first full touchscreen phones aimed at the budget end of the market, looking to fill a gap in its product range and catch up with rivals, particularly in emerging markets. Nokia hopes the three new
US business productivity fell more than expected in the first quarter as companies stepped up hiring sharply but only modestly expanded output. Non-farm productivity slipped at a 0.9 percent annual rate, the Labour Department said on Wednesday. The declin
An Indian court on Wednesday asked Facebook, Google and other Internet firms to respond to a private petition over allegations of being a threat to national security and withholding tax. The complainant, K.N. Govindacharya, a right-wing Hindu activist, lo
Treasury Secretary Tim Geithner spoke by phone Wednesday with Chinese Vice Premier Wang Qishan about "developments in international markets" and recent global economic turmoil, his office said Wednesday. Their talks came as weak manufacturing activity in
Australia's resource-fuelled economy outpaced all expectations last quarter as households and businesses went on a spending spree, boosting the local dollar and lessening the urgency for further aggressive cuts in interest rates. Gross domestic product (G
Sheila Bair, who helped steer the US financial system through the recent credit crisis, is forming a new private-sector group called the Systemic Risk Council to try to accelerate reforms. A former chairman of the Federal Deposit Insurance Corp.
US President Barack Obama agreed in separate calls with German Chancellor Angela Merkel and Italian Prime Minister Mario Monti on Wednesday that more needs to be done to bolster the European economy and boost growth, the White House said. "The leaders agr
The eurozone narrowly escaped technical recession in the first quarter as exports offset a plunge in investment and inventories to produce a flat reading, data showed on Wednesday, but it was unlikely to escape contraction again in the second quarter.