Pakistan has signed a Memorandum of Understanding (MoU) with China for the export of JF-17 aircraft, a joint Pak-China venture, Senate's Standing Committee on Defence Production was informed on Wednesday. The committee's in-camera meeting, chaired by Mush
The government has not ruled out protests in case Prime Minister Raja Pervez Ashraf is disqualified in National Reconciliation Ordinance (NRO) implementation case. In reply to a question during a briefing after the Cabinet meeting, Information Minister Qa
The government has not ruled out protests in case Prime Minister Raja Pervez Ashraf is disqualified in National Reconciliation Ordinance (NRO) implementation case. In reply to a question during a briefing after the Cabinet meeting, Information Minister Qa
The federation on Wednesday contended during the hearing on the review petition against the National Reconciliation Ordinance (NRO) implementation case that Prime Minister Raja Pervez Ashraf is protected by the constitution.
The federation on Wednesday contended during the hearing on the review petition against the National Reconciliation Ordinance (NRO) implementation case that Prime Minister Raja Pervez Ashraf is protected by the constitution.
The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed from August 20 to 22, 2012 (Monday, Tuesday and Wednesday) being Public Holidays declared by the Government of Pakistan o
The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed from August 20 to 22, 2012 (Monday, Tuesday and Wednesday) being Public Holidays declared by the Government of Pakistan o
The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed from August 20 to 22, 2012 (Monday, Tuesday and Wednesday) being Public Holidays declared by the Government of Pakistan o
Following a 150 basis points cut in the key policy rate to 10.5 percent by the State Bank of Pakistan (SBP), the cut-off yield (interest rate) of Pakistan Investment Bonds (PIBs) decreased to 1.37 percent in the auction held on Wednesday. State Bank condu
Following a 150 basis points cut in the key policy rate to 10.5 percent by the State Bank of Pakistan (SBP), the cut-off yield (interest rate) of Pakistan Investment Bonds (PIBs) decreased to 1.37 percent in the auction held on Wednesday. State Bank condu
Following a 150 basis points cut in the key policy rate to 10.5 percent by the State Bank of Pakistan (SBP), the cut-off yield (interest rate) of Pakistan Investment Bonds (PIBs) decreased to 1.37 percent in the auction held on Wednesday. State Bank condu
Following a 150 basis points cut in the key policy rate to 10.5 percent by the State Bank of Pakistan (SBP), the cut-off yield (interest rate) of Pakistan Investment Bonds (PIBs) decreased to 1.37 percent in the auction held on Wednesday. State Bank condu
The government on Wednesday failed to reach a conclusion to initiate import of Liquefied Natural Gas (LNG) other than extending performance bank guarantee for potential importers, it is learnt. According to sources in the Petroleum Ministry, an important
The government on Wednesday failed to reach a conclusion to initiate import of Liquefied Natural Gas (LNG) other than extending performance bank guarantee for potential importers, it is learnt. According to sources in the Petroleum Ministry, an important
The government on Wednesday failed to reach a conclusion to initiate import of Liquefied Natural Gas (LNG) other than extending performance bank guarantee for potential importers, it is learnt. According to sources in the Petroleum Ministry, an important
The Central Development Working Party (CDWP) on Wednesday approved as many as three projects worth over Rs 1.5 billion while seven projects were referred to the Executive Committee of the National Economic Council (Ecnec) for approval, it is learnt. The C
The Central Development Working Party (CDWP) on Wednesday approved as many as three projects worth over Rs 1.5 billion while seven projects were referred to the Executive Committee of the National Economic Council (Ecnec) for approval, it is learnt. The C
The Central Development Working Party (CDWP) on Wednesday approved as many as three projects worth over Rs 1.5 billion while seven projects were referred to the Executive Committee of the National Economic Council (Ecnec) for approval, it is learnt. The C
The Foreign Direct Investment (FDI) has dropped by 50 percent during the first month of a current fiscal year mainly due to a lack of foreign investors'' interest owing to an adverse law & order situation, a protracted energy crisis and increasing politic
The Foreign Direct Investment (FDI) has dropped by 50 percent during the first month of a current fiscal year mainly due to a lack of foreign investors' interest owing to an adverse law & order situation, a protracted energy crisis and increasing politica
The Foreign Direct Investment (FDI) has dropped by 50 percent during the first month of a current fiscal year mainly due to a lack of foreign investors' interest owing to an adverse law & order situation, a protracted energy crisis and increasing politica
Members attending an emergency summit of the 57-member Organisation of Islamic Co-operation (OIC) were engaged in "heated discussions behind closed doors" Wednesday regarding a proposal to suspend the membership of Syria from the bloc, an Arab diplomat to
Members attending an emergency summit of the 57-member Organisation of Islamic Co-operation (OIC) were engaged in "heated discussions behind closed doors" Wednesday regarding a proposal to suspend the membership of Syria from the bloc, an Arab diplomat to
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 15, 2012).
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
On the auspicious occasion of 66th Day of Independence, I would like to extend my felicitations to my countrymen including overseas Pakistanis. August 14, 1947 saw the successful culmination of a heroic struggle of the Muslims of the sub-continent for the
I wish to extend heartiest felicitations to all the Pakistanis living within the country and abroad on the auspicious occasion of 66th Day of Independence. Falling in the holy month of Ramzan, it is the most important date in our national calendar.
The average price of Kenyan top grade tea held steady at $4.03 per kg at auction this week, stabilising after two consecutive weeks of falls, market participants said on Wednesday. The east African nation is the world's biggest exporter of black tea, and
Russia's exportable grain surplus of 10-11 million tonnes could run out by November if the country retains a high pace of exports in coming months, SovEcon agricultural analysts said on Wednesday, fanning fearss about Russian export limits SovEcon expects
Sunflower seed production in the European Union, Ukraine and Russia will drop 11.7 percent to a total of 24.82 million tonnes this year, from 28.12 million tonnes a year ago, Hamburg-based oilseed analyst Oil World said on Tuesday. "We are now in a transi
Tea prices in Bangladesh rose for a fifth consecutive weekly auction on Tuesday on strong demand from buyers and tight supply ahead of the Eid festival, brokers said. The average price of Bangladeshi tea was 209.45 taka ($2.50) a kg against 208.59 taka pe
Talk that China may soon buy another 500,000 tonnes of sugar drove sugar futures limit up on the Zhengzhou Commodity Exchange in the country's central region, traders said on Wednesday. Zhengzhou white sugar futures hit the 4 percent limit up soon after t
Vietnam has agreed to give Indonesia the option of buying up to 500,000 tonnes of rice if the need arises, probably after September, an official in Southeast Asia's largest economy said on Tuesday, as the country prepares to ward off food inflation.
The Karachi Port handled 128,663 tonnes of cargo comprising 104,434 tonnes of import cargo and 24,229 tonnes of export cargo including 2,996 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 104,434
Both the futures were higher on the forward cottonseeds oilcake market on Wednesday in process of trading, dealers said. The December vaida closed at Rs 447.50 and opened with 30 paisa gain at Rs 447.80 in process of trading, they said. While, the January
Tight supply of phutti pushed the prices higher on the cotton market on Wednesday, dealers said. Official spot rate was unchanged at Rs 5800, they said. In the ready business, over 9,000 bales of cotton changed hands between Rs 5800-6100, they said.
Spot basis bids for hard red winter wheat in the US Plains were unchanged on Wednesday in a lackluster market, merchants said. Selling was slow amid declines in futures prices. Kansas City Board of Trade HRW futures ended lower on Tuesday, with KCBT Septe
Higher trend was seen on the wholesale grain market on Wednesday in process of modest tradng, dealers said. On the cereals side, Makai low type was higher by Rs 87 to Rs 2600 and the best type was up by Rs 100 to Rs 2625, Juwar low type gained Rs 100 to R
Samsung on Wednesday unveiled a Galaxy Note tablet designed to make a more personal connection with users and aiming to knock Apple's iPad off its market throne. A key feature of the Galaxy Note 10.1 was a sophisticated "S Pen" that can be used as if it w
Australia's biggest banking group, the Commonwealth Bank, on Wednesday posted a record full-year net profit despite subdued revenue growth with customers cautious about global instability. The country's top home lender said profit for the 12 months ending
Australia's biggest banking group, the Commonwealth Bank, on Wednesday posted a record full-year net profit despite subdued revenue growth with customers cautious about global instability. The country's top home lender said profit for the 12 months ending
Federal regulators are proposing new requirements for property appraisals used to underwrite some higher-risk mortgage loans. Agencies including the Federal Reserve and the Consumer Financial Protection Bureau said Wednesday that all appraisals on risky m
European banks are holding around 1.05 trillion euros (1.3 trillion dollars) in non-performing loans (NPL) - credit that is in or close to default - according to accountancy firm PriceWaterhouseCoopers (PWC). A PWC study released in Frankfurt on Wednesday
Spain is aiming to impose a green tax on natural gas to help plug a 24 billion euro ($29.6 billion) hole created in its finances by years of forcing utilities to sell power below cost, agency Europa Press reported. The tax would only apply to natural gas,
Brazil's government unveiled measures on Wednesday to lure up to 133 billion reais ($66 billion) in private investment for new roads and railways needed to unclog the country's transportation bottlenecks. The measures include a plan to double capacity of
China's economy faces big headwinds though cooling inflation is giving the government more leeway to manoeuvre monetary policy, Premier Wen Jiabao was quoted by state media as saying on Wednesday. Wen's comments followed a raft of data last week that sugg
Standard Chartered is pursuing a collective settlement with other US authorities after backing down and agreeing to pay $340 million to New York's financial regulator following mounting pressure from shareholders. The bank said it made a "pragmatic decisi
Chinese foreign investment in Canada has boomed over the last decade but trade lags, according to a study by both governments that was released on Wednesday and outlined "room for much growth." The joint study to evaluate the potential for deeper trade ti
Britain's recession-hit economy remained on course for more cash stimulus despite an improving employment picture, minutes from the Bank of England's latest monetary policy meeting showed Wednesday. Minutes from the BoE's meeting at the start of August re
Britain's recession-hit economy remained on course for more cash stimulus despite an improving employment picture, minutes from the Bank of England's latest monetary policy meeting showed Wednesday. Minutes from the BoE's meeting at the start of August re
The United Arab Emirates said Wednesday it had selected six companies to supply fuel to its four planned nuclear reactors in deals worth an estimated $3 billion (2.43 billion euros). "The six contracts are valued at approximately US $3 billion according t
Ukraine has picked a consortium led by ExxonMobil and Royal Dutch Shell to develop its Skifska gas field in the Black Sea, it said on Wednesday, as it seeks to wean itself off increasingly expensive Russian gas imports. The project, whose total costs have
US consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, giving the Federal Reserve room to ease policy further to tackle high unemployment. Other reports on Wednesday show
Dubai contractor Drake & Scull International slumped to a one-week low on Wednesday after it posted disappointing second-quarter numbers that missed forecasts, but trading on most regional markets were muted ahead of the Eid holidays. Drake shares dropped
Japan's Nikkei share average edged lower on Wednesday as bank and steel shares slid, offsetting gains in exporters from a weaker yen following encouraging economic data from the United States and Germany. The Nikkei pared losses at the last minute to end
Sideways trading in the S&P 500 around the 1,400 level on Wednesday was likely to continue through options expiry at the end of the week, with heavy open interest in the options market expected to pin the index to that level absent other catalysts. Despit
US stocks ended little changed on Tuesday in what investors described as a fatigued market after the S&P 500 rose in seven of the past eight sessions. Retailers were a notable standout after Home Depot raised its profit forecast due to improvement in the
Most Southeast Asian stock markets ended flat to weaker on Wednesday, with Singapore dropping almost 1 percent, led down by palm oil firm Wilmar International Ltd which came under selling pressure due to worse-than-expected quarterly earnings. The Straits