The national export target of $25 billion may not materialise because of the government's failure to implement the textile policy in letter and in spirit, lack of power/gas utilities and the global perception about the country's low production capacity, t
The national export target of $25 billion may not materialise because of the government's failure to implement the textile policy in letter and in spirit, lack of power/gas utilities and the global perception about the country's low production capacity, t
Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif on Thursday said that his party played a vital role for the restoration of the judiciary and it could not even think about ridiculing or violating its verdict. "We accept every decision of the Su
Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif on Thursday said that his party played a vital role for the restoration of the judiciary and it could not even think about ridiculing or violating its verdict. "We accept every decision of the Su
Pakistan on Thursday confirmed it has handed over dossiers on presence of the banned Tehreek-e-Taliban Pakistan (TTP) Swat chapter commander Mullah Fazlullah in Afghanistan to the Afghan government as well as International Security Assistance Force (Isaf)
Pakistan on Thursday confirmed it has handed over dossiers on presence of the banned Tehreek-e-Taliban Pakistan (TTP) Swat chapter commander Mullah Fazlullah in Afghanistan to the Afghan government as well as International Security Assistance Force (Isaf)
The US election is a side-show on the frontline of the war on terror where Afghans feel abandoned by Washington's looming troop withdrawal, which some in Pakistan fear could cause more violence and instability in their country regardless of who secures th
Vast crowds of pilgrims, all dressed in white, flocked from early Thursday to Mount Arafat in Saudi Arabia's west to take part in Hajj. Many pilgrims had camped overnight in the sprawling plain surrounding Mount Arafat but the majority began arriving at d
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 25, 2012).
Vast crowds of pilgrims, all dressed in white, flocked from early Thursday to Mount Arafat in Saudi Arabia's west to take part in Hajj. Many pilgrims had camped overnight in the sprawling plain surrounding Mount Arafat but the majority began arriving at 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
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
ICE Canadian canola futures rose to a one-month high on Wednesday with talk of recent export sales to China and a lack of farmer selling of the new crop, traders said. Traders said the sales talk was supportive, but the sales were unconfirmed. Strength in
Lean business was seen on the wholesale grain market on Thursday ahead of long week-end ahead Eid-ul-Azha holidays, dealers said. On the rice side, Irri-6 Sindh low type was unchanged at Rs 3250 and the best type was down by Rs 25 to Rs 3275, other types
Indian soyabean futures surged more than 3 percent on Thursday to hit the highest in a month on gains in overseas markets and as local oil millers were aggressively buying in spot markets due to good export demand for soyameal. Soyaoil got support from fe
The Karachi Port handled 87,372 tonnes of cargo comprising 52,181 tonnes of import cargo and 35,191 tonnes of export cargo including 3,980 loaded & empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 52,181
Corn spot basis bids were firm at river terminals around the US Midwest on Wednesday, rising 10 cents per bushel on the Illinois River, on support from thin supplies in the export pipeline, grain merchants said. The corn basis in the CIF export market was
The December vaida was lower and the January contract did not show any change on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 445.00 but commenced with a decline of 30 paisa at
Most of the leading participants kept on the sidelines amid pre-holiday session on the cotton market on Thursday, dealers said. Official spot rate was unchanged at Rs 5,650, they said. In the ready business, nearly, 2,000 bales of cotton changed hands bet
Extended holidays stretching from Friday to next Monday (From 26th to 29th of October, 2012) dampened apatite for cotton on Thursday as closures and transport problems have practically shut down the cotton market. There was mostly calm hanging over the co
Extended holidays stretching from Friday to next Monday (From 26th to 29th of October, 2012) dampened apatite for cotton on Thursday as closures and transport problems have practically shut down the cotton market. There was mostly calm hanging over the co
China's factory output should grow faster in the last three months of 2012 than in the third quarter, though the recovery remains clouded by uncertainty in export markets, the Ministry of Industry and Information Technology said on Thursday.
Europe must follow through on its pledge to ease Ireland's debt burden through direct recapilisation of its banks, or it risks leaving the country dependent on official financing, the International Monetary Fund said on Thursday. Dublin has been in talks
Chief executives of dozens of the most powerful US companies banded together Thursday to demand the government urgently reduce the country's debt and deficit, less than two weeks ahead of the presidential election. Executives of world-leading companies li
Procter & Gamble Co's profit rose more than expected, indicating that the world's largest household products maker is making progress after coming under pressure from activist investor William Ackman, and its shares soared to the highest level in four yea
Microsoft said its "reimagined" Windows 8 will launch Friday in 37 languages and 140 world-wide markets, as the tech giant unveiled the new version of its computer operating system. "We have reimagined Windows and the result is a stunning line-up of new P
The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent. The newspaper company said that revenue was up almost 1 percent to $449 million. Still, t
The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent. The newspaper company said that revenue was up almost 1 percent to $449 million. Still, t
Unilever's quarterly sales growth beat forecasts as demand for cleaning and personal care products in China helped the consumer goods group outshine larger rival Nestle. Shares in the maker of Dove soap and Cif cleaners climbed on Thursday to equal their
Unilever's quarterly sales growth beat forecasts as demand for cleaning and personal care products in China helped the consumer goods group outshine larger rival Nestle. Shares in the maker of Dove soap and Cif cleaners climbed on Thursday to equal their
Striking South African gold miners have signed a pay deal to end months of often violent labour unrest that has cost the economy at least $1.2 billion, the country's main mining union and mine owners said Thursday. "The worst in the gold sector is over,"
Consumers and firms put money back into Spanish and Greek banks in September, European Central Bank data showed, ending a run of declines driven by concerns about both countries' finances. Private-sector deposits at Spanish banks rose to 1.505 trillion eu
Consumers and firms put money back into Spanish and Greek banks in September, European Central Bank data showed, ending a run of declines driven by concerns about both countries' finances. Private-sector deposits at Spanish banks rose to 1.505 trillion eu
US auto giant Ford, a day after announcing the closure of a key plant in Belgium, said Thursday it will shut down two British factories as well in a bid to steer its European operations back to profit. Ford had already revealed plans Wednesday to close it
US business investment showed signs of stalling in September, an indication that worries over a possible sharp tightening in the federal budget are already weighing on the economy. Other data on Thursday showed the number of Americans filing new claims fo
Japan's Nikkei average rose to a four-week closing high on Thursday, lifted by exporters as the yen weakened on growing expectations that the Bank of Japan would further ease monetary policy next week. A 5.5 percent jump in KDDI Corp on expectations that
Wall Street edged up on Thursday, retreating from session highs as investors were wary of betting aggressively after the S&P 500's worst five-day stretch since May and the data sent more tepid signals on the economy. Business investment showed signs of st
US stocks ended lower for a second day on Wednesday, as investors soured on another round of underwhelming corporate results and the Federal Reserve said it would stick to its stimulus plan until the job market improves. The S&P 500 has lost 3.6 percent o
Indian shares edged higher on Thursday as Mahindra & Mahindra advanced after its quarterly earnings beat analyst estimates, while ICICI Bank rose ahead of it results on Friday. Indian shares were also helped as global shares recovered from a recent slide
Prices of US Treasuries slid on Wednesday as the Federal Reserve held its course on monetary policy and appetite for low-risk assets waned after data from China pointed to strengthening growth. The Fed stuck to its plan to keep stimulating the US economy
Prices of US Treasuries slid on Wednesday as the Federal Reserve held its course on monetary policy and appetite for low-risk assets waned after data from China pointed to strengthening growth. The Fed stuck to its plan to keep stimulating the US economy
Hong Kong shares eked out a tenth straight gain on Thursday, but a rally that has taken the Hang Seng Index to 2012 highs showed signs of fatigue as investors took profits on outperformers. The Hang Seng Index ended up 0.2 percent at 21,810.2 points, its
European shares edged up after reassuring updates from drugmaker Sanofi and consumer goods group Unilever, although some traders said euro zone concerns would curb further gains. The FTSEurofirst 300 index closed up 0.2 percent at 1,095.90 points. However
Taiwan stocks closed down 0.72 percent on Thursday, joining other regional bourses in lacklustre trading as the shadow of poor company earnings hung over sentiment, with panel makers the top decliners. The main TAIEX index fell 52.80 points to 7,262.08. T
Most Southeast Asian stock indices eked out small gains on Thursday amid buying in large caps with low valuations, with Malaysia paring losses to end at an all-time high as investors built up positions in stocks with favourable earnings results. The regio
South Korean shares closed higher on Thursday after Hyundai Motor Co reported third quarter earnings that met market expectations. The Korea Composite Stock Price Index (KOSPI) closed up 0.55 percent at 1,924.50 points, snapping a run of four losing sessi
Britain's top share index was fractionally higher on Thursday as gains by banks on strong UK GDP figures were countered by some mixed corporate earnings. Banks added 0.8 percent on news that Britain pulled out of recession in the third quarter, with its s
Sterling rose to a two week high against the euro on Thursday after the UK economy grew far more than expected in the third quarter, denting expectations of further monetary easing from the Bank of England. However, analysts warned its gains may be short-
The dollar hit a four-month high versus the yen on Thursday as expectations for more Bank of Japan monetary easing kept the yen under pressure. The dollar rose to as high as 80.14 yen on trading platform EBS, its highest level since late June, and last st
The dollar hit a four-month high against the yen on Thursday as expectations the Bank of Japan will ease monetary policy next week weighed on the Japanese currency. The greenback rose 0.5 percent to 80.210 on the EBS trading platform, its highest since Ju
The dollar hit a four-month high against the yen on Thursday as a rise in Treasury yields and expectations the Bank of Japan will ease monetary policy next week had investors broadly selling the Japanese currency. The greenback has gained about 2.9 percen
The dollar held gains against the euro on Wednesday after the Federal Reserve delivered no surprises at its policy meeting, sticking to its stimulus plan to boost a still sluggish US economy and keeping rates low for some time. The Fed said it is keeping
Interbank buy/sell rates for the taka against the dollar on Thursday: 81.20-81.22 (previous 81.20-81.22). Call Money Rates: 10.00-10.00 percent (previous 06.00-10.00 percent.
Most emerging Asian currencies rose on Thursday, helped by growing hopes for increased inflows amid signs of the United States' and China economies stabilising, while expectations of further Bank of Japan easing added support. The South Korean won hit a n
The Indian rupee rose on Thursday, ending a holiday-shortened week with its first weekly gain in three, as a revival in global demand for risk prompted foreign banks to sell the greenback, but dollar demand from oil refiners limited bigger gains. "Asian c
China's yuan closed at a record high on Thursday after hitting the strong-side limit of the central bank's daily trading band as a result of heavy demand as firms unwound long dollar positions built up in the first half of the year. The spot exchange rate
Regional television network Sun TV on Thursday won an auction to buy the Indian Premier League team based in Hyderabad after the cash-strapped Deccan Chronicle group was forced to sell. Sun TV, owned by the Chennai-based Maran group, put in the highest bi
All-rounder Angelo Mathews has been named as Sri Lanka's new Twenty20 captain for one year, the national selectors announced on Thursday. The 25-year-old replaced prolific batsman Mahela Jayawardene, who stepped down after Sri Lanka's defeat by the West I
South Africa on Thursday said it will spend 461 million rand ($53 million, 41 million euros) to stage the Africa Cup of Nations next year but denied it was a "vanity project" in tough economic times. South Africa stepped in after the football showcase was
Former skipper Saleem Malik, who was banned by Pakistan Cricket Board (PCB) in 2000, has moved his application to the Board for the prestigious slot of batting coach of Pakistan cricket team. Malik was banned by PCB after a judicial inquiry conducted by J
World tennis number four Rafa Nadal has pulled out of the Paris Masters and the ATP World Tour finals in London as he is still recovering from his left knee injury, the ATP said on Thursday. The 11-times grand-slam singles champion has not played since he
Li Na kept alive her hopes of reaching the semi-finals of the WTA Championships with a resilient and polished performance in a straight sets win over Angelique Kerber on Thursday. The former French Open champion from China's 6-4, 6-3 win over the hard-wor
France's Benoit Paire defeated Polish qualifier Lukasz Kubot 6-4, 6-4 on Thursday to set up a dream quarter-final against Roger Federer at the Swiss Indoors. World number one and five-time tournament winner Federer will be playing at home in his Swiss str
Real Madrid, Manchester City, Arsenal and AC Milan suffered painful Champions League defeats on Wednesday which complicated their chances of progressing from an increasingly intriguing group stage. German sides shone the brightest as Bundesliga champions
Julian Assange's WikiLeaks website on Thursday started publishing more than 100 US Department of Defence documents including the first prisoner treatment manual for Guantanamo Bay. The latest release by the anti-secrecy site comes as Assange, who faces ch
The European Parliament rejected the nomination of Luxembourg's Yves Mersch to the European Central Bank's executive board on Thursday on the grounds that insufficient effort had been made to find a suitable woman for the post. In a vote of the full parli
A new crew of two Russians and one American successfully docked with the International Space Station (ISS) Thursday, Russian mission control said. The Soyuz capsule with Russian cosmonauts Oleg Novitskiy and Evgeny Tarelkin and NASA's Kevin Ford docked wi
Britain on Thursday awarded one of its highest ever number of licences to drill oil and gas wells in the North Sea and said it had 5 percent more oil reserves than previously thought. BP, Shell, Total and Centrica were among winners of 167 new licences to
Iran appears to have nearly finished installing centrifuges at its underground nuclear plant, Western diplomats say, potentially boosting its capacity to make weapons-grade uranium if it chose to do so. Iran only disclosed the existence of the Fordow plan
An Israeli and two Europeans died trekking in the Himalayas on Thursday, Nepal police said, adding to a spiralling toll in one of the worst recent years for the world's highest mountain range. The 25-year-old Israeli man fell from a bridge while in separa
Police imposed a curfew Thursday after Hindu-Muslim clashes during the Indian festival season in the state of Uttar Pradesh, near where deadly religious riots flared 20 years ago. The curfew was clamped on parts of Faizabad city following communal violenc
Former US secretary of state Colin Powell Thursday endorsed President Barack Obama's bid for re-election. The Republican who used to be chairman of the joint chiefs of staff said, "I voted for him in 2008, and I plan to stick with him in 2012." He spoke i
Barack Obama's campaign team urged reporters not to get "distracted" by a word on Thursday after the US president was quoted using a profane term to tag rival Mitt Romney as dishonest. Obama communications director Dan Pfeiffer did not deny Obama had used
Hurricane Sandy barreled toward the Bahamas Thursday as a powerful category two storm, after battering Jamaica, Haiti and Cuba and claiming three lives so far. The US-based National Hurricane Center said the storm was packing winds of up to 105 miles (165
Staff at India's Kingfisher airline, whose fleet has been grounded since October 1, have agreed to end their strike over unpaid wages and return to work, the company's chief executive said on Thursday. Kingfisher planes will however be unable to return to
Pope Benedict XVI's butler was to be imprisoned in a Vatican police cell Thursday after the prosecution decided not to appeal against his 18-month prison sentence for leaking papal documents, the Vatican said. Gabriele, 46, married with three children and
Syria's army command announced a cease-fire on Thursday to mark Eidul Azha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes. A Free Syrian Army commander gave qualified backing to t
Russia on Thursday accused Washington of "co-ordinating" deliveries of arms to Syrian rebels, despite assurances by the State Department that the United States provides no lethal assistance. "Washington is aware of the deliveries of various weapons to ill
France made a new attempt on Thursday to fix an annual day of remembrance for those who died in the 1954-62 Algerian war and independence struggles in Morocco and Tunisia that ended more than a century of French colonial rule. The Socialist-controlled Sen
Ukraine said Thursday that "security agencies of other countries" appeared to have orchestrated the disappearance of a Russian opposition activist, who said he was kidnapped and forcibly taken to Moscow. "Most likely it was security officials or security
US Secretary of State Hillary Clinton and the EU's top diplomat Catherine Ashton on Thursday expressed worry over disturbing trends in Ukraine ahead of a weekend legislative poll. "We are concerned about reports of the use of administrative resources to f
South African police said Thursday they have charged four prisoners awaiting trial for the deadly attempted break-out in which explosives were used to blow up a bus transporting them from court. The blast killed three inmates on Monday as their vehicle ap
A Libyan militant suspected by Egypt of involvement in last month's attack on the US consulate in Libya has been killed during a raid by Egyptian security forces in Cairo, a security official said on Thursday. The Libyan was killed on Wednesday in a raid
A US investigation team arrived in Beirut on Thursday and began gathering evidence at the scene of a bombing that killed the country's police intelligence chief, the Lebanese interior minister said. "The Federal Bureau of Investigation team is at the scen