Prime Minister Raja Pervez Ashraf Thursday announced full support of the federal government for the ambitious Thar Coal project, aimed at helping the country meet its energy shortages. Addressing a gathering here after visiting the Thar coal project, the
Prime Minister Raja Pervez Ashraf Thursday announced full support of the federal government for the ambitious Thar Coal project, aimed at helping the country meet its energy shortages. Addressing a gathering here after visiting the Thar coal project, the
Prime Minister Raja Pervez Ashraf Thursday announced full support of the federal government for the ambitious Thar Coal project, aimed at helping the country meet its energy shortages. Addressing a gathering here after visiting the Thar coal project, the
On Thursday, BRIndex30 opened at 10,200.09 and remained positive throughout the trading session. It touched an intraday high of 10,271.85 and an intraday low of 10,212.09 and closed at 10,212.09 which was 12 points or 0.12 percent higher than previous clo
On Thursday, BRIndex30 opened at 10,200.09 and remained positive throughout the trading session. It touched an intraday high of 10,271.85 and an intraday low of 10,212.09 and closed at 10,212.09 which was 12 points or 0.12 percent higher than previous clo
The benchmark KSE-100 index on Thursday gained 15.45 points to close at 14,759.59 points on the back of local and foreign investors support. The foreign investors'' interest continued and they remained net buyers of shares worth $1.15 million. The market
The benchmark KSE-100 index on Thursday gained 15.45 points to close at 14,759.59 points on the back of local and foreign investors support. The foreign investors' interest continued and they remained net buyers of shares worth $1.15 million. The market o
The benchmark KSE-100 index on Thursday gained 15.45 points to close at 14,759.59 points on the back of local and foreign investors support. The foreign investors' interest continued and they remained net buyers of shares worth $1.15 million. The market o
The Central Development Working Party (CDWP) and Executive Committee of the National Economic Council (Ecnec) would meet on August 15 and 16, respectively, to discuss and approve funding for more than 40 projects. According to sources, most of the project
The Central Development Working Party (CDWP) and Executive Committee of the National Economic Council (Ecnec) would meet on August 15 and 16, respectively, to discuss and approve funding for more than 40 projects. According to sources, most of the project
The Central Development Working Party (CDWP) and Executive Committee of the National Economic Council (Ecnec) would meet on August 15 and 16, respectively, to discuss and approve funding for more than 40 projects. According to sources, most of the project
Most of the major world economies are slowing, with Britain the only country to see tentative signs of a pick-up, the OECD said Thursday. The Organisation for Economic Co-operation and Development said its composite leading indicators continued to point t
Most of the major world economies are slowing, with Britain the only country to see tentative signs of a pick-up, the OECD said Thursday. The Organisation for Economic Co-operation and Development said its composite leading indicators continued to point t
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
Most of the major world economies are slowing, with Britain the only country to see tentative signs of a pick-up, the OECD said Thursday. The Organisation for Economic Co-operation and Development said its composite leading indicators continued to point t
The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Thursday (August 09, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover f
Pakistan has agreed a price for 1 million tonnes of wheat it will export to Iran in a barter deal, a senior Pakistani official involved in the negotiations said on Thursday. The deal, first proposed in March with Iran exporting fertiliser and iron ore to
Pakistan has agreed a price for 1 million tonnes of wheat it will export to Iran in a barter deal, a senior Pakistani official involved in the negotiations said on Thursday. The deal, first proposed in March with Iran exporting fertiliser and iron ore to
Pakistan has agreed a price for 1 million tonnes of wheat it will export to Iran in a barter deal, a senior Pakistani official involved in the negotiations said on Thursday. The deal, first proposed in March with Iran exporting fertiliser and iron ore to
The Supreme Court on Thursday indicted real estate tycoon Malik Riaz over his June 12 press conference in which he reportedly hurled allegations at Chief Justice Iftikhar Mohammad Chaudhry, scandalising and ridiculing the higher judiciary. The Supreme Cou
The Supreme Court on Thursday indicted real estate tycoon Malik Riaz over his June 12 press conference in which he reportedly hurled allegations at Chief Justice Iftikhar Mohammad Chaudhry, scandalising and ridiculing the higher judiciary. The Supreme Cou
Modest trading was seen on the wholesale grain market on Thursday as prices moved up modestly, dealers said. On the cereal side guwar Sindh and Punjab went up by Rs 100 to Rs 21000-22000 in process of trading, they said. On the seed counter castorseed Las
The Karachi Port handled 56,385 tonnes of cargo comprising 41,132 tonnes of import cargo and 15,253 tonnes of export cargo during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 41,132 tonnes comprised of 12,042 tonnes of containe
ICE Canadian canola futures rose slightly on Wednesday, taking support from stronger Chicago soyabean prices to bounce off a five-week low. Canola lagged soyabeans' gains as the stronger Canadian dollar appeared to cool crusher buying interest and with fa
Indian sugar futures rebounded on Thursday from a week's low hit in the previous session on better demand in the physical market at lower levels and a rise in overseas prices. The key September contract on the National Commodity & Derivatives Exchange (NC
Tight global supplies mean soyabean futures contracts have limited potential to fall up to January 2013 although they could face temporary selling pressure after touching record levels, Hamburg-based oilseeds analysts Oil World said on Tuesday.
An easier trend was witnessed on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December vaida that had closed at Rs 448.30 opened with fall of 30 paisa at Rs 448.00 in process of trading, they said. The January
Prices showed firmness on the cotton market on Thursday as gap widened between demand and supply of phutti arrivals ahead of Eid-ul-Fitr holidays, dealers said. Official spot rate was unchanged at Rs 5700, they said. In the ready business, over 11,000 bal
Global rise in cotton prices following weather problems in India due to late monsoons and drought in United States effecting West Texas were recorded this week with frontal months on the New York cotton futures market (ICE) ranging higher from 76 to 78 ce
Global rise in cotton prices following weather problems in India due to late monsoons and drought in United States effecting West Texas were recorded this week with frontal months on the New York cotton futures market (ICE) ranging higher from 76 to 78 ce
A second fall in German imports in three months sent a worrying sign on Wednesday that even the domestic mood in the euro zone's last bastion of economic hope may be weakening under the pressure of the bloc's deepening debt crisis. Exports and industrial
India's newly muscular competition commission is investigating anti-competitive practices by car makers, the government said on Thursday, without naming the companies in question. The Competition Commission of India (CCI) had received information against
Germany's second-largest bank Commerzbank braced for a worsening of the euro zone crisis and gave a grim profit outlook on Thursday, warning it may not pay a dividend in 2013. The bank, which is 25 percent owned by the German state, said it would restruct
Australian employment edged past expectations with a rise of 14,000 in July while the jobless rate surprised with a dip to 5.2 percent, leading investors to further pare the probability of more cuts in interest rates. The rise in total employed just beat
The European Central Bank is determined to bring down the excessive borrowing costs hurting Spain and Italy and should be ready to intervene decisively in bond markets very soon, ECB governing council member Christian Noyer said on Thursday. Noyer, govern
Investors are proving slow to rally behind Standard Chartered after allegations the bank broke US sanctions against Iran, spooked by talk of risky countersuits, record fines and fears that top executives could lose their jobs.
China's factory output growth slowed unexpectedly in July to its weakest in more than three years, underlining stiff global headwinds that may prompt policymakers to take more action to keep growth on track to meet a 7.5 percent annual target. Retail sale
China and Taiwan signed a landmark investment pact on Thursday as hundreds of protesters voiced their anger over the island's ever closer economic ties with its giant former foe. China's chief negotiator Chen Yunlin and his Taiwanese counterpart Chiang Pi
Britain's Barclays bank on Thursday said industry veteran David Walker would become its new chairman from November, succeeding Marcus Agius who resigned over the Libor rate-rigging scandal. Barclays said in a statement that "Sir David Walker has been appo
US soft drinks giant PepsiCo said Thursday it had reached a deal with distributor Diamond Star to sell some of its brands in Myanmar, as international firms race to invest in the former pariah state. The agreement gives Diamond Star - one of the largest c
India's industrial output fell for the third time in four months in June, adding to pressure on new Finance Minister Palaniappan Chidambaram to move quickly and pull Asia's third-largest economy from its worst slowdown in almost a decade. The manufacturin
The Bank of Japan kept monetary policy steady on Thursday but cut its assessment on exports and output as companies feel the pinch from slowing global growth, signalling its readiness to expand stimulus again if risks to the outlook grow.
The US Postal Service's net loss widened to $5.2 billion during the three months that ended in June, and the cash-strapped agency warned on Thursday that without help from the US Congress it will face low cash and be unable to borrow money this fall.
The number of Americans filing new claims for jobless benefits unexpectedly fell last week, offering hope that some of last month's improvement in job growth could be sustained and give the economy a lift. Other data on Thursday showed the deficit on the
India shares edged lower on Thursday after an unexpected slump in industrial output exacerbated concerns about economic growth, while mobile carrier Bharti Airtel continued to drop, ending at its lowest close since late 2006 after poor quarterly earnings.
Japan's Nikkei share average rose for the fourth straight day on Thursday as momentum was sustained by mixed data from China that kept hopes alive for policy action to tackle the slowdown in Japan's biggest export market. The benchmark index closed up 1.1
The S&P 500 edged slightly higher on Thursday, up for a fifth session, on better-than-expected jobless claims and trade data in the United States and hopes of further stimulus action from China's central bank. The Nasdaq outperformed the broader market, l
The Standard & Poor's 500 just barely extended a streak of gains to a fourth day on Wednesday, ending above 1,400 in another thinly traded session. Expectations for stimulus from the European Central Bank and the US Federal Reserve triggered the recent ga
Southeast Asian stock markets ended mostly higher on Thursday, with Indonesia being led higher by banking shares and Thailand extending gains for a fourth session amid renewed appetite for refinery shares on hopes of an earnings recovery in the second hal
US Treasury debt prices fell on Wednesday, and yields hit their highest level in over a month after an auction of $24 billion of 10-year notes drew only lukewarm demand. But lingering safe-haven demand due to caution over the euro zone debt crisis helped
US Treasury debt prices fell on Wednesday, and yields hit their highest level in over a month after an auction of $24 billion of 10-year notes drew only lukewarm demand. But lingering safe-haven demand due to caution over the euro zone debt crisis helped
Taiwan stocks extended gains and ended 1.56 percent higher on Thursday, with Hon Hai jumping 4.24 percent after Taiwan's government asked the company for more detail on a planned tie-up with Japan's Sharp. The main TAIEX index rose 113.9 points to 7,433.7
Hong Kong shares rose to their highest level in three months on Thursday after data showed China's factory output slowed to its weakest in more than three years, missing forecasts and rising expectations that Beijing will move to boost growth. But the gai
The leading index of European shares edged closer to a fresh 2012 peak on Thursday, extending recent gains into a fifth straight session, on hopes China will act to further stimulate its economy and lift the global economic outlook. Data released on Thurs
Australian shares slipped 0.1 percent on Thursday, giving up early strength as data late in the session showed a surprise slowing in China's factory output growth to its weakest in more than three years, and key earnings reports missed expectations. The A
South Korean shares surged to a three-month closing high on Thursday on heavy foreign buying, with the market underpinned by hopes of decisive action by major central banks to address the fiscal crisis in Europe and bolster global growth. The Korea Compos
Britain's top shares hit a new four-month closing peak in choppy, thin trading on Thursday, led by a further rebound in Standard Chartered, but chart support for further gains in the near term looked weak. Banks, up 0.8 percent, were the best performing s
Sterling fell against the dollar on Thursday, erasing some of the previous day's gains, as speculators bet the Bank of England may soon resume quantitative easing to help stimulate the economy. The pound rose on Wednesday after the central bank dashed exp
The euro got a slight lift against major counterparts and the Australian dollar crested at a 4-1/2 month peak on Thursday after Chinese inflation data suggested scope for further easing and Australia's employment picture brightened. Data showed China's an
The euro fell on Thursday as optimism about policymaker action to address the eurozone debt crisis waned, while the Australian dollar gained after a drop in Chinese inflation raised the chances that China will act to stimulate its economy. The euro fell 0
The euro fell against the dollar and yen on Thursday for a second straight session, with investors consolidating recent gains, although the single currency's setback could be short-lived as market participants await policy action from the European Central
The euro edged lower against the dollar on Wednesday, pressured by soft German economic data, but losses were limited by hopes the European Central Bank may soon take action to lower Spanish and Italian borrowing costs. Adding to pressure on the euro were
The Australian dollar hit a 4-1/2 month high on Thursday after a robust jobs report prompted investors to widen the odds of further cuts in interest rates, in stark contrast to a weak labour reading in New Zealand which knocked its currency lower. The Aus
Most emerging Asian currencies rose on Thursday as slowing inflation and output in China spurred hopes of more policy stimulus, and the South Korean won edged up after the central bank held rates steady and on foreigners' massive stock demand. The Taiwan
Spot yuan hit its strongest rate against the dollar since early July on Thursday, as banks in China moved to reduce their exposure to the risk of further slides in the dollar. The dollar index has flattened out in recent trading days and China's central b
The Indian rupee rose on Thursday tracking continued gains in Asian emerging currencies and other risk assets, but an unexpected slump in domestic industrial output capped gains by reinforcing concerns about domestic growth. Data released showed India's f
Olympic gold medallist Andy Murray and top seed Novak Djokovic both avoided post-Games letdowns with quick opening wins at the Toronto masters on Wednesday. Murray, fresh from his home success at Wimbledon, toughed out a painful 6-1, 6-3 defeat of Flavio
The London Games will have a "special place in the history of the Olympics", a powerful International Olympic Committee (IOC) official said on Thursday. Denis Oswald, chairman of the IOC's Co-ordination Commission, said three days before the closing cerem
World number two Maria Sharapova withdrew from the WTA event in Montreal on Wednesday, citing a viral infection. The Russian Olympic silver medalist joins US gold medal winner Serena Williams in missing the event, which falls directly after the tennis com
South Africa Test captain Graeme Smith was omitted from the 15-man squad to take part in the World Twenty20 in Sri Lanka next month, Cricket South Africa (CSA) announced on Thursday. The 31-year-old last played a T20 international in October 2011, but in
Organisers have sold a record 2.1 million tickets for the London 2012 Paralympics, beating the previous mark set at the 2008 edition in Beijing, officials said Thursday. The popularity of the London Olympics has seen demand suddenly soar for the Paralympi
Ireland's four-time world champion Katie Taylor won the first women's Olympic lightweight final with a 10-8 win over Russia's Sofya Ochigava on Thursday to claim her country's first London gold. Having defeated Ochigava in May for her most recent world cr
Titleholders Germany beat world champions Australia 4-2 on Thursday to reach the men's Olympic hockey final with both teams giving their all in a high quality semi-final.
Pakistan twice fought back from a goal down to defeat South Korea 3-2 and claim seventh place in men's field hockey at the Olympic Games on Thursday. The match eventually hinged on a tale of two short corners. From one of them Muhammad Imran scored with a
West Indies team manager Richie Richardson and head coach Ottis Gibson have praised their side for their hard work after beating New Zealand 2-0 in the recent Test series. The Windies wrapped up the two-match series against the Black Caps on Sunday with a
Russia on Thursday charged two firms building the central stadium and another high-tech venue for the 2014 Winter Olympic Games in Sochi with trying to swindle more than $250 million in state funds. The politically damaging case - reportedly part of a muc
Australia edged out two-time former champions Hungary to claim the Olympic Games four-man kayak gold medal on Thursday in their first ever team title in the sport. Tate Smith, Dave Smith, Murray Stewart and Jacob Clear, who all work as beach lifeguards, s
Great Britain's Charlotte Dujardin won individual dressage gold with a record score on Thursday, the London Olympic hosts' first ever medal in the event. Dujardin, part of the British team to win the team dressage title on Tuesday, beat Adelinde Corneliss
Hungary's Eva Risztov won a gripping Olympic women's swimming marathon by just 0.4 seconds at London's Hyde Park on Thursday. The 26-year-old led for much of the 10km race in the Serpentine lake but she finished only marginally ahead of America's Haley An
Britain's Nicola Adams won the first ever women's Olympic flyweight final with a 16-7 win over China's world champion Ren Cancan on Thursday to claim the hosts' first boxing gold. After losing May's world championships flyweight final to Ren, Adams contro
Usain Bolt can become the first man to claim a second successive 100m-200m Olympic Games double on Thursday with the Jamaican superstar confidently predicting his own 200m world record could fall. Bolt retained his 100 metres crown on Sunday and looked to