Global donors Tuesday made aid pledges worth $6.4 billion to Yemen, the World Bank said, half of what Sanaa says it needs to weather a rough political transition triggered by Arab Spring protests. The new figure is up from $4 billion pledged to the impove
German flag carrier Lufthansa cancelled some 200 flights from its Frankfurt hub, Europe's third busiest, on Tuesday as cabin crew stepped up strike action and extended it to Munich and Berlin. Lufthansa said it had grounded roughly half of its scheduled s
Australia's central bank held interest rates at 3.5 percent for a third straight month on Tuesday saying past cuts had yet to be fully felt, even as another local miner blamed falling export prices for slashing ambitious expansion plans.
The United Nations warned Tuesday of a possible repeat of the 2007-2008 food crisis and called on world leaders to act quickly to prevent a catastrophe which would affect tens of millions of people. "The current situation in world food markets, characteri
Spain's jobless rate increased by 0.83 percent in August from a month earlier, or by 38,179 people, leaving 4.63 million people out of work, data from the Labour Ministry showed on Tuesday. The data breaks with four previous months of declining jobless fi
US fast-food giant McDonald's, famed for its beef-based Big Mac burgers, on Tuesday said it will open its first vegetarian-only restaurant anywhere in the world in India next year. The world's second-biggest restaurant chain after Subway tailors its menus
Hedge funds are split on how to bet on German bonds, in a sign that even managers supposedly at the cutting edge of finance are struggling to work out how paper offering buyers a negative yield will fare as the euro zone's debt crisis unfolds. Germany's t
Hedge funds are split on how to bet on German bonds, in a sign that even managers supposedly at the cutting edge of finance are struggling to work out how paper offering buyers a negative yield will fare as the euro zone's debt crisis unfolds. Germany's t
Prices moved down on the wholesale grain market on Tuesday in process of modest trading, dealers said. On the cereals side, Makai low type shed Rs 150 to Rs 2550 and the best type followed same pattern, losing Rs 125 to Rs 2575, Juwar, as a result of risi
Spot rate was down on the cotton market on Tuesday in process of trading, dealers said. Official spot rate was lower by Rs 50 to Rs 5700, they said. In the ready business, nearly 10,000 bales of cotton changed hands between Rs 5650-5800, they said. Prices
Contracts were mixed on the forward cottonseeds oilcake market on Tuesday in process of trading, dealers said. The December vaida closed at Rs 447.30 and opened with 20 paisa gain at Rs 447.50 in process of trading, they said. The January contract ended a
The Karachi Port handled 161,416 tonnes of cargo comprising 122,446 tonnes of import cargo and 38,970 tonnes of export cargo including 4,846 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 122,446 t
High global corn prices will contribute to Indonesian imports falling by about 35 percent to 2 million tonnes this year, an industry group said on Tuesday. Global grain supplies have been depleted by a devastating drought in the United States, the world's
Indian sugar futures extended gains on Tuesday, bolstered by the government's decision to provide additional time to sell the August quota and on robust demand in the spot market ahead of key festivals. The Indian government has provided an additional 10
Record soyabean prices will cause a major swing in demand towards cheaper palm oil in coming months which in turn will push palm prices up, Hamburg-based oilseeds analysts Oil World said on Tuesday. "Global dependence on palm oil will rise significantly i
Signs are intensifying that livestock farmers are cutting production as the surge in soyabean and corn prices to record levels this summer raises animal feed costs, Hamburg-based oilseeds analysts Oil World said on Tuesday. "Livestock producers have start
Drought-hit Russian grain quality has fallen sharply, with yields from the key global wheat supplier's current harvest down 27 percent from last year to 1.89 tonnes per hectare as of September 3, the country's Agriculture Ministry said. Russia had complet
India's oilseeds futures dropped on Tuesday following good rainfall in oilseeds growing areas, though a rise in the US soyabean market and thin availability of stocks at spot markets restricted the downside. Soyaoil futures were steady as an improvement i
Spot basis bids for hard red winter wheat in the US Plains were noted rolling forward to post against December wheat futures on Tuesday, with many wheat merchants marking a spread of 10-20 cents for the roll forward. Mills showed only light demand with Se
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
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
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (September 04, 2012).
No international as well as national companies and consortia have shown any interest in response to an advertisement of the Pakistan Telecommunication Authority (PTA) seeking hiring of consultant to auction 3G spectrums, although only eight days are left
No international as well as national companies and consortia have shown any interest in response to an advertisement of the Pakistan Telecommunication Authority (PTA) seeking hiring of consultant to auction 3G spectrums, although only eight days are left
No international as well as national companies and consortia have shown any interest in response to an advertisement of the Pakistan Telecommunication Authority (PTA) seeking hiring of consultant to auction 3G spectrums, although only eight days are left
The Economic Co-ordination Committee (ECC) of the Cabinet has decided to make electricity statistics part of economic indicators for regular discussions and taking needed decisions to deal with the situation, it was learnt. Sources said that the decision
The Economic Co-ordination Committee (ECC) of the Cabinet has decided to make electricity statistics part of economic indicators for regular discussions and taking needed decisions to deal with the situation, it was learnt. Sources said that the decision
The Economic Co-ordination Committee (ECC) of the Cabinet has decided to make electricity statistics part of economic indicators for regular discussions and taking needed decisions to deal with the situation, it was learnt. Sources said that the decision
The Board of Investment (BoI) has proposed to Prime Minister Raja Pervez Ashraf a roadmap to improve country's foreign investment prospects by introducing certain amendments in Rules of Business in order to enable the board to approve, implement and monit
The Board of Investment (BoI) has proposed to Prime Minister Raja Pervez Ashraf a roadmap to improve country's foreign investment prospects by introducing certain amendments in Rules of Business in order to enable the board to approve, implement and monit
The Board of Investment (BoI) has proposed to Prime Minister Raja Pervez Ashraf a roadmap to improve country''s foreign investment prospects by introducing certain amendments in Rules of Business in order to enable the board to approve, implement and moni
Prime Minister Raja Pervez Ashraf has asked the National Electric Power Regulatory Authority (Nepra) to finalise fresh applications for determination of power tariff within 60 days and dispose of all pending cases within 45 days. Sources said the Board of
Prime Minister Raja Pervez Ashraf has asked the National Electric Power Regulatory Authority (Nepra) to finalise fresh applications for determination of power tariff within 60 days and dispose of all pending cases within 45 days. Sources said the Board of
Prime Minister Raja Pervez Ashraf has asked the National Electric Power Regulatory Authority (Nepra) to finalise fresh applications for determination of power tariff within 60 days and dispose of all pending cases within 45 days. Sources said the Board of
The sub-committee of the National Assembly Standing Committee on Information Technology (IT) on Tuesday categorically declared that it is gross negligence of the Federal Board of Revenue (FBR) as it failed to collect Federal Excise Duty on interconnection
The sub-committee of the National Assembly Standing Committee on Information Technology (IT) on Tuesday categorically declared that it is gross negligence of the Federal Board of Revenue (FBR) as it failed to collect Federal Excise Duty on interconnection
Islamabad Electric Supply Company (Iesco) on Tuesday switched off electricity of Pak Secretariat for several hours for not paying outstanding bills of Rs 173 million. However, electricity was restored after Capital Development Authority (CDA) handed over
Islamabad Electric Supply Company (Iesco) on Tuesday switched off electricity of Pak Secretariat for several hours for not paying outstanding bills of Rs 173 million. However, electricity was restored after Capital Development Authority (CDA) handed over
Islamabad Electric Supply Company (Iesco) on Tuesday switched off electricity of Pak Secretariat for several hours for not paying outstanding bills of Rs 173 million. However, electricity was restored after Capital Development Authority (CDA) handed over
Additional Secretary Revenue Division, Shahid Rahim Sheikh informed the business community on Tuesday that the actual value of China's exports to Pakistan during 2011 was $8.4 billion whereas Pakistan imports stood at $6.4 billion, reflecting discrepancy
Additional Secretary Revenue Division, Shahid Rahim Sheikh informed the business community on Tuesday that the actual value of China's exports to Pakistan during 2011 was $8.4 billion whereas Pakistan imports stood at $6.4 billion, reflecting discrepancy
Additional Secretary Revenue Division, Shahid Rahim Sheikh informed the business community on Tuesday that the actual value of China''s exports to Pakistan during 2011 was $8.4 billion whereas Pakistan imports stood at $6.4 billion, reflecting discrepancy
The oil refineries have stopped supply of refined fuel to Pakistan State Oil (PSO) due to non-payment of over Rs 94. 86 billion, it is learnt. A senior official of national fuel supplying company told Business Recorder here on Tuesday that the loca
The oil refineries have stopped supply of refined fuel to Pakistan State Oil (PSO) due to non-payment of over Rs 94. 86 billion, it is learnt. A senior official of national fuel supplying company told Business Recorder here on Tuesday that the loca
The oil refineries have stopped supply of refined fuel to Pakistan State Oil (PSO) due to non-payment of over Rs 94. 86 billion, it is learnt. A senior official of national fuel supplying company told Business Recorder here on Tuesday that the loca
India and China announced Tuesday they would resume joint military exercises after a four-year gap, a move designed to build trust in the often prickly relationship between the world's two most populous nations. After Indian Defence Minister A.K. Antony h
The foreign ministers of Germany and Pakistan signed an agreement Tuesday in which the two countries committed to a "strategic dialogue" on security issues, particularly regarding Afghanistan. The agreement, signed by Germany's Guido Westerwelle and Pakis
The foreign ministers of Germany and Pakistan signed an agreement Tuesday in which the two countries committed to a "strategic dialogue" on security issues, particularly regarding Afghanistan. The agreement, signed by Germany's Guido Westerwelle and Pakis
A Muttahida Qaumi Movement (MQM) delegation on Tuesday met Pakistan Muslim League-Nawaz (PML-N) leadership in a bid to forge "national unity" with a view to steering the county out of numerous crises.
India and China announced Tuesday they would resume joint military exercises after a four-year gap, a move designed to build trust in the often prickly relationship between the world's two most populous nations. After Indian Defence Minister A.K. Antony h