Leading Russian gas exploration Company Gazprom has informed Pakistan that it is ready to build and develop Iran-Pakistan Gas Pipeline (IP) project if Pakistan government exempts it from bidding process and Public Procurement Regulatory Authority (PPRA) r
Leading Russian gas exploration Company Gazprom has informed Pakistan that it is ready to build and develop Iran-Pakistan Gas Pipeline (IP) project if Pakistan government exempts it from bidding process and Public Procurement Regulatory Authority (PPRA) r
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
I have always wondered how some communities achieve so much in transforming their raw emotions into fine manifestation of humanity. Yet many cannot even dream of determining moral codes in day to day life. Even when people think of alteration in prevalent
Facilitating Persons with Disabilities (PWDs) in Disaster Conditions is consider a very weak issue regarding Disaster Management Policies in Pakistan by the stake-holders due to lack of proper training & awareness in handling Persons with Disabilities (PW
The recent rise of disasters in Pakistan and the consequent damages to life and property have shaken the nation. These unprecedented catastrophic incidents remind us to work tirelessly to meet successfully for the future environmental challenges.
In fact this 1st. International Emergency Response Conference 2012, being held at Karachi, is an assessment of the level of preparedness we are at, within the context of unfortunate occurrences of manmade or natural disasters in South East Asia region, in
A Turkish cameraman who went missing while reporting from Syria appeared on Monday in an interview with a pro-government Syrian television channel and said he had been seized by Syrian soldiers in the northern city of Aleppo. In the video from al-Ikhbariy
Former Thai prime minister Abhisit Vejjajiva on Monday faced fresh questioning by investigators over a deadly military crackdown on mass opposition protests in Bangkok in 2010. Abhisit, now opposition leader, was summoned to the Justice Ministry's Departm
Tropical Storm Isaac closed in on the US Gulf of Mexico coast on Monday, triggering some mandatory evacuation orders and disrupting US offshore oil production as it threatened to make landfall between Florida and Louisiana as a full-blown hurricane.
A huge fire burned for a third day in two fuel storage tanks at Venezuela's biggest refinery on Monday, putting in doubt plans to quickly restart the facility after one of the worst accidents to hit the global oil industry in decades. The fire and the thr
Libyan activists and civil society groups on Monday urged the newly-elected parliament to intervene to protect the national heritage after Islamist hard-liners destroyed shrines across the country. In a letter addressed to the General National Congress an
Labour strife returned to South Africa's platinum sector on Monday, derailing London-based Lonmin's efforts to restart mining and fanning fears of a resurgence of the violence that has killed 44 people this month. Workers blocked colleagues from going dow
South Korea's top court has ordered the state to compensate families of hundreds of activists killed during the Korean War after being labelled as North Korean sympathisers, a court official said Monday. The Supreme Court ordered the state to pay up to 40
ICE Canadian canola futures dipped on Monday, tumbling from an earlier five-week high, on spillover pressure from soybeans and light profit-taking, traders said. Rain from Isaac to help US wheat, but not corn, soy. November canola lost $5.00 to $628.60 pe
Indian sugar futures jumped nearly 3 percent on Tuesday on hopes festivals will boost demand for the sweetener in the coming weeks and as the market was worried over production due to poor rainfall in key cane growing areas. Additional supply of non-levy
Spot cash basis bids for soyabeans in the interior US Midwest remained soft on Monday, with values easing in a few locations following a pick-up in farmer sales last week, dealers said. Basis bids at soya crushing locations in Iowa and Indiana were down 3
Tea prices in Bangladesh rose at a weekly auction on Tuesday as strong demand from buyers outweighed higher supplies, brokers said. The average price of Bangladeshi tea was 211.09 taka ($2.50) a kg against 209.45 taka per kg at the previous sale a week ag
China will have to cut its giant soyabean imports in coming months because of tighter supplies after drought reduced crops in the United States and South America, Hamburg-based oilseeds analysts Oil World said on Tuesday. "For September 2012/February 2013
European milling wheat prices edged higher on Tuesday, pulled by a rise on US grains markets, but volumes remained thin on a lack of new fundamental news, traders said. By 1050 GMT benchmark November on Paris-based milling wheat futures was 0.4 percent hi
The Karachi Port handled 103,579 tonnes of cargo comprising 91,510 tonnes of import cargo and 12,069 tonnes of export cargo including 2,363 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 91,510 ton
Downward trend was seen on the forward cottonseeds oilcake market on Tuesday in process of trading, dealers said. The December vaida that had closed at Rs 448.20 opened with 20 paisa loss at Rs 448.00 in process of trading, they said. The January contract
Bearish sentiment was seen on the cotton market on Tuesday as phutti arrivals maintained the pace but after late evening drizzling in cotton belt of Sindh may disrupt phuttiy arrivals in the near future, dealers said. Official spot rate was lowered by Rs
Prices maintained the rising tempo on the wholesale grain market, wheat prices having the big increaseo f Rs 300 on Tuesday in process of trading, dealers said. On the cereal side, wheat old and new gained Rs 300 to Rs 2950-2990, gur low type gained Rs 10
Anglo-Swedish drugs giant AstraZeneca on Tuesday named Frenchman Pascal Soriot, the current boss of Roche's pharmaceuticals division, as its new chief executive. "AstraZeneca today announced that Pascal Soriot has been appointed as the company's chief exe
US luggage maker Samsonite on Tuesday posted record first-half sales, boosted by strong global travel demand as well as growth in Asia and North America. The firm said net profit for the six months to June 30 leapt 400 percent to $82.3 million compared wi
US luggage maker Samsonite on Tuesday posted record first-half sales, boosted by strong global travel demand as well as growth in Asia and North America. The firm said net profit for the six months to June 30 leapt 400 percent to $82.3 million compared wi
European Central Bank President Mario Draghi will not attend the annual Jackson Hole meeting of central bankers at the end of this week due to a heavy workload as he gears up for a critical policymaking meeting on September 6.
Credit Agricole SA, the listed arm of the French banking group Credit Agricole, posted Tuesday a two-thirds cut in its second-quarter net profit owing to problems in Greece and Italy. Credit Agricole said profit fell by 67.4 percent to 111 million euros (
Credit Agricole SA, the listed arm of the French banking group Credit Agricole, posted Tuesday a two-thirds cut in its second-quarter net profit owing to problems in Greece and Italy. Credit Agricole said profit fell by 67.4 percent to 111 million euros (
The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, while the country's most economically important region, Catalonia, said it needed a major rescue from Madrid
Eurozone bank loans to the private sector, which had practically dried up in recent months, rose in July, and growth in eurozone money supply also accelerated, new data showed on Tuesday. The European Central Bank, in its regular monthly money supply data
Airbus won a $7 billion order on Tuesday from Philippine Airlines, beating Boeing to a deal marked by diplomatic lobbying as the European planemaker appeared close to another major Asian deal in China. The flag carrier plans to buy up to 100 new jets in t
Printer maker Lexmark International Inc said it will stop making inkjet printers and focus on its more profitable imaging and software businesses, sending its shares up as much as 20 percent. Lexmark, never a big player in inkjet printers, said it would c
Printer maker Lexmark International Inc said it will stop making inkjet printers and focus on its more profitable imaging and software businesses, sending its shares up as much as 20 percent. Lexmark, never a big player in inkjet printers, said it would c
Japan said Tuesday it would buy a major stake in an Indian company at the centre of a huge infrastructure building project, marking Tokyo's latest investment in the South Asian giant. The government-linked Japan Bank for International Co-operation would p
Russian's economy will grow by 3.5 percent, slightly higher than an earlier 3.4 percent forecast, Deputy Economy Minister Andrei Klepach said on Tuesday, as the average rouble exchange rate will fall below earlier expectations. "(Economic) growth should s
South Korea's Samsung Electronics vowed on Tuesday to take "all necessary measures" to keep its products on US store shelves, in response to Apple's request for a ban on sales of some smartphones. After winning a $1.05 billion US court judgement in a pate
US home prices rose for the fifth consecutive month in June, a fresh sign of improvement as the recovery in the housing market picks up steam. But in a reminder of how fragile the broader economy remains, another measure of consumers' economic views relea
Cairn Energy said Tuesday that net profits slumped in the first half of 2012, compared with the same part of last year when it was boosted by the sale of most of its Indian division to Vedanta. Edinburgh-based Cairn said in a results statement that its ea
Cairn Energy said Tuesday that net profits slumped in the first half of 2012, compared with the same part of last year when it was boosted by the sale of most of its Indian division to Vedanta. Edinburgh-based Cairn said in a results statement that its ea
Indian shares fell on Tuesday for a third straight session, as banks were again hit by continued talk that quarterly growth data would come below expectations, while metal stocks such as Jindal Steel extended a slump on concerns about slowing demand. Shar
The Nikkei average fell to a two-week closing low on Tuesday as some investors made bearish bets after a recent strong run and as concerns over China's economic growth outweighed expectations the US Federal Reserve will soon launch more stimulus. The Nikk
US stocks were little changed in light trading on Tuesday as mixed data gave investors little indication whether Federal Reserve Chairman Ben Bernanke might signal more economic stimulus from the Fed when he speaks on Friday. The Dow Jones industrial aver
Shares of Apple climbed to another record on Monday, keeping the Nasdaq index afloat in the lowest trading volume of the year, with investors looking ahead to a key speech by Federal Reserve Chairman Ben Bernanke on Friday. Apple Inc hit an all-time high
Taiwan stocks fell 1.42 percent on Tuesday, with Apple supplier Hon Hai Precision shedding 3.8 percent after an affiliate posted its worst ever first-half loss. The main TAIEX index ended down 106.28 points at 7,361.94, with panel makers and other electri
US Treasury debt yields fell on Monday as investors focused on whether Federal Reserve Chairman Ben Bernanke will hint at a third debt purchase programme when he speaks at the end of the week. Investors are awaiting Bernanke's highly anticipated speech on
US Treasury debt yields fell on Monday as investors focused on whether Federal Reserve Chairman Ben Bernanke will hint at a third debt purchase programme when he speaks at the end of the week. Investors are awaiting Bernanke's highly anticipated speech on
Most Southeast Asian stock markets fell slightly in a lacklustre session on Tuesday as investors trimmed positions in risky assets amid worries about global growth, with Vietnam coming off the day's low as beaten-down bank stocks rebounded after recent se
Hong Kong shares eked out their first gain in three days on Tuesday, lifted by defensive stocks, as turnover fell to near 2012 lows ahead of a meeting of central bankers late this week. Mainland Chinese markets, which touched 3-1/2 year lows in the mornin
European shares had their worst one-day fall in five sessions on Tuesday as concerns over the global economy and euro zone debt crisis, highlighted by bleak figures from Spain, weighed on equity markets. The FTSEurofirst 300 index closed down 0.7 percent
Australian shares rose 0.4 percent on Tuesday, shored up by banks and safe-haven healthcare stocks, while miners were under pressure on uncertainty over global growth. Coming out of the reporting season, investors have been picking up banks, utilities and
Seoul shares inched down Tuesday as investors largely stayed on the sidelines to await a global gathering of central bankers late this week for clues about further stimulus plans. The Korea Composite Stock Price Index (KOSPI) fell 0.08 percent to close at
Britain's top share index ended flat on Tuesday, with the market stagnating as expectations for economic stimulus measures were countered by concerns over global growth, which was reinforced by gloomy forecasts from Japan. The government in Tokyo cut its
Sterling fell to a three-week low against the euro on Tuesday as investors bought the single currency to meet month-end commitments, while the soft UK economic outlook meant the pound also struggled against the dollar. A quarterly poll by the Confederatio
The euro sagged against the dollar while the yen gained broadly as market players trimmed their long positions in risk currencies ahead of a central bankers' meeting later in the week. The Australian dollar hit a one-month low against the dollar and the y
The euro rose on Tuesday on bets the European Central Bank would take decisive action to tackle the debt crisis in coming weeks, although gains were seen limited in the absence of concrete details. Market players also trimmed long dollar positions after a
The euro rose against the dollar for the first time in three days on Tuesday, buoyed by hopes of bond-buying by the European Central Bank to contain the debt crisis and expectations of further easing by the Federal Reserve. Investors awaited key events in
The euro fell against the dollar on Monday in thin trading after a bigger-than-expected drop in German business sentiment even as it raised hopes in some that the euro zone's largest economy will do more to revive the bloc's growth. Sentiment toward the e
Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.70-81.72 (previous 81.60-81.72). Call Money Rates: 08.00-10.75 percent (previous 12.00-12.00 percent).
The Australian and New Zealand dollars ground to multi-week lows on Tuesday, weighed by persistent global growth concerns with investors waiting for concrete action from policymakers in the United States and Europe. The Aussie dollar plumbed one-month low
Emerging Asian currencies slid on Tuesday as investors scaled back expectations that a meeting of central bankers in the United States this week would provide a firm clue about stimulus measures, and cut exposure to assets seen as risky. Concerns about sl
Spot yuan closed firmer on Tuesday as the dollar index dropped in intraday trade, but investors offshore and onshore anticipate the Chinese currency will weaken further in the next 12 months. Before trade began, the People's Bank of China (PBOC) set the y
The Indian rupee ended almost unchanged on Tuesday, snapping a two-day losing streak as gains in the euro provided support, although worries about a slowing domestic economy continued to weigh on the currency. India is expected to post April-June growth o
World No 1 Roger Federer launched his quest for an 18th career Grand Slam title by defeating American Donald Young 6-3, 6-2, 6-4 on Monday to reach the second round of the US Open. The 31-year-old Swiss star, seeking a record sixth title on the Flushing M
Pakistan Cricket Board (PCB) women's wing Tuesday announced a 14-member squad of women cricketers for the ICC World Twenty20, 2012 scheduled to be played in Sri Lanka from September 26. Sana Mir, Syeda Nain Fatima Abidi have been named as captain and vice
Wimbledon runner-up Agnieszka Radwnaska and former world number one Ana Ivanovic breezed into the US Open second round on Tuesday as both women look to bury their woeful Flushing Meadows records. Polish second seed Radwanska and Ivanovic, the 12th-seeded
Roger Federer began his campaign for a record sixth US Open with an easy 6-3, 6-2, 6-4 win over America's Donald Young, but insisted Novak Djokovic remains hot favourite to deny him an 18th major. Top seed Federer, playing in his 52nd consecutive Grand Sl
The Indian Premier League has lost its title sponsor after real estate giant DLF declined to renew its five-year deal, a company spokesman said on Tuesday. "We have just stepped off the IPL," DLF group executive director Rajeev Talwar told the Press Trust
Radamel Falcao inflicted another mauling on Athletic Bilbao when he netted a fine hat-trick for Atletico Madrid in a crushing 4-0 home win in La Liga on Monday. The Colombia striker known as the tiger took his tally against the Basque club to seven in thr
New Zealand faced a fresh upheaval Tuesday with bowling coach Damien Wright announcing he will quit after the World Twenty20 tournament in Sri Lanka next month. Wright has resigned four months after former head coach John Wright rejected an offer to exten
Four-time world champion Ronnie O'Sullivan was given a suspended fine and a warning by snooker's governing body on Tuesday after being found guilty of failing to attend tournaments. O'Sullivan, who won the world title in 2001, 2004, 2008 and 2012, was cha
Pirates hijacked a Greek-owned oil tanker off Togo on Tuesday in the second attack in less than two weeks in the Gulf of Guinea, the International Maritime Bureau said. The Isle of Man-flagged vessel, which had 24 crew on board and was carrying gas oil, w
Two Kenyan police officers and a civilian were killed when rioters hurled a grenade at officers in the port city of Mombasa on Tuesday after two days of violence over the killing of a radical Muslim cleric. Mobs of youths had fired at police with machineg
Iraq has executed 21 people convicted of terror-related charges, including three women, on the same day, a spokesman said on Tuesday, bringing to 91 the number of people executed so far this year. The executions come despite a call from the UN's human rig
Sonia Gandhi, the president of India's ruling Congress party, on Tuesday upped the stakes in a six-day parliamentary stand-off that has paralysed government plans to revive the slowing economy. Gandhi, the grand matriarch of Indian politics, attacked the
Syria's refugee exodus is accelerating and up to 200,000 people could settle in Turkey alone if the conflict worsens, the United Nations warned on Tuesday, increasing pressure for creation of a buffer zone inside Syria. Turkey has floated the idea of a "s
Nato named a female Norwegian diplomat on Tuesday in a new role created at the nuclear-armed military alliance to promote the role of women in ending conflict. Mari Skare, already an envoy to Nato, was named Special Representative for Women, Peace and Sec
The transfer of security control from a US-led international mission to Afghan troops has reached an irreversible phase, a top Nato commander said Tuesday, as he outlined moves to stem insider attacks on Nato forces. "We have now reached a phase where the
A female suicide bomber posing as a pilgrim killed a top Islamic scholar and at least five others in Russia's restive Muslim region of Dagestan. President Vladimir Putin immediately reacted saying such attacks would fail to undermine Russia's spirit of re
Shell Oil, one of the largest oil and gas operators along the US Gulf of Mexico, said on Tuesday it shut in several key crude pipelines and terminals ahead of Hurricane Isaac and was in the process of an orderly shutdown at two other plants. Shell also sa
Tropical Storm Isaac strengthened into a hurricane just off the US Gulf Coast on Tuesday as it churned toward landfall in the New Orleans area seven years after the city was devastated by Hurricane Katrina. Isaac's winds, rain and storm surge could pose a
US Secretary of State Hillary Clinton will hold talks in China and become the first top US diplomat to visit East Timor and a Pacific island summit on an 11-day Asia trip, officials said Tuesday. Clinton's latest trip comes as the United States puts a gre
An Israeli court on Tuesday cleared Israel's military of any blame for the death of American activist Rachel Corrie, who was crushed by an army bulldozer during a pro-Palestinian demonstration in Gaza. Corrie's family had accused Israel of intentionally a