Disposing of the case, the Supreme Court on Monday directed National Accountability Bureau (NAB) to recover an outstanding amount of $120 million from Karkey Rental Power Plant. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Jus
Disposing of the case, the Supreme Court on Monday directed National Accountability Bureau (NAB) to recover an outstanding amount of $120 million from Karkey Rental Power Plant. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Jus
The government has refused to reduce gas sale price of Compressed Natural Gas (CNG) sector along with reduction in different taxes imposed on the sector. Two high-level meetings were held on Monday. The first meeting was held at Oil and Gas Regulatory Aut
The government has refused to reduce gas sale price of Compressed Natural Gas (CNG) sector along with reduction in different taxes imposed on the sector. Two high-level meetings were held on Monday. The first meeting was held at Oil and Gas Regulatory Aut
The government has refused to reduce gas sale price of Compressed Natural Gas (CNG) sector along with reduction in different taxes imposed on the sector. Two high-level meetings were held on Monday. The first meeting was held at Oil and Gas Regulatory Aut
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
Prices of CTC (crush-tear-curl) grade tea in India rose at last week's auction on good demand, while prices of dust grade eased on higher supplies. The price of CTC (crush-tear-curl) tea rose 2.4 percent to 152.07 rupees per kg, while the dust variety eas
The December vaida was unchanged while the January contract was up on the forward cottonseeds oilcake market on Monday in process of trading, dealers said. The December vaida closed at Rs 444.50 and it opened at the same rate, they said. The January contr
No normal business activity was seen on the cotton market on Monday as both buyers and sellers adopted wait-and-see policy owing to tight supply of seedcotton amid post-holiday session, dealers said. Official spot rate was unchanged at Rs 5,800, they said
Slow trading activity was seen on the wholesale grain market on Monday as all commercial centres resumed business, dealers said. On the cereals side, wheat old Bardan old was registered at Rs 3010 and wheat new Bardan quoted at Rs 3050, they said.
Russian domestic wheat prices are likely to hit new highs this week as state sales from interventions stocks are unable to meet demand in the drought-hit market, Russia's Institute for Agricultural Market Studies (IKAR) said in a note on Monday.
Most Ukrainian winter grain crops are in good or satisfactory condition, giving farmers grounds to expect a substantial harvest in 2013, weather forecasters said on Monday. "The condition of winter grain crops is much better than last year and farmers hav
The Karachi Port handled 2,040 tonnes of cargo during the last 24 hours ended at 0700 hours on Monday. The total import cargo comprised 2,040 tonnes of oil/liquid cargo. No ships sailed out to sea during the reported period. There are two vessels viz Ging
Wheat futures in India, the world's second-largest producer, moved into backwardation as prospects of a bumper harvest and higher supplies outweighed short-term hopes of export demand, with prices slipping on Monday. The near month contract on the Nationa
Vietnam's rice exports between January and November rose 9.7 percent from a year ago to an estimated 7.44 million tonnes, the Agriculture Ministry said, led by Chinese purchases and already a record for annual shipments. Rising exports has put Vietnam on
Thousands of people gathered in Rio de Janeiro on Monday to urge Brazilian President Dilma Rousseff to veto a bill that local officials say could cost Rio state billions of dollars in lost oil revenue and cripple plans to host the World Cup and Olympics.
Gazprom clinched a long-term deal on Monday to export natural gas to private companies in Turkey, securing a growing market for the Russian gas export monopoly as it faces declines from its core consumers in the European Union. Turkey's energy market regu
Migrant workers from the world's poorest countries sent home $27 billion (21 billion euros) in 2011 despite the global financial slowdown, but developing nations are failing to benefit fully from the cash, the UN said Monday. Remittances "could prove part
Migrant workers from the world's poorest countries sent home $27 billion (21 billion euros) in 2011 despite the global financial slowdown, but developing nations are failing to benefit fully from the cash, the UN said Monday. Remittances "could prove part
US shoppers spent heavily online on the crucial Black Friday shopping day, for the first time topping a billion dollars in online sales in a single day, analysts and retailers said. The four-day Thanksgiving holiday weekend is the kickoff to the US holida
US President Barack Obama has made Treasury Secretary Timothy Geithner lead White House negotiator in budget talks with Congress aimed at averting the fiscal cliff, a report said Monday. The Wall Street Journal said Geithner was viewed on Capitol Hill as
US Securities and Exchange Commission chief Mary Schapiro announced Monday that she will step down, nearly four years after taking charge of the key markets regulator in the middle of the financial crisis. Schapiro will depart as SEC chairman on December
US Securities and Exchange Commission chief Mary Schapiro announced Monday that she will step down, nearly four years after taking charge of the key markets regulator in the middle of the financial crisis. Schapiro will depart as SEC chairman on December
UBS was fined 30 million pounds ($48 million) by Britain's financial watchdog and put under extra scrutiny by its Swiss counterpart over failings that allowed a rogue trader to lose $2.3 billion. Announcing the fine on Monday, the director of enforcement
UBS was fined 30 million pounds ($48 million) by Britain's financial watchdog and put under extra scrutiny by its Swiss counterpart over failings that allowed a rogue trader to lose $2.3 billion. Announcing the fine on Monday, the director of enforcement
India's central bank has relaxed overseas borrowing rules for successful bidders in the country's cellophane airwaves auction, making it easier for them to raise money to pay the cash-strapped government. The Reserve Bank of India (RBI) said on Monday the
India on Monday announced a direct cash transfer of subsidies and welfare schemes for millions of its citizens, officials and news reports said. Under the plan, families will receive cash in their bank accounts, instead of being handed over subsidized foo
Qatar's sovereign wealth fund sold the last of the warrants it owns in Barclays on Monday, notching up a gain of more than 1.7 billion pounds ($2.7 billion) from the controversial fundraising deal it struck with the bank four years ago. The warrants, whic
Qatar's sovereign wealth fund sold the last of the warrants it owns in Barclays on Monday, notching up a gain of more than 1.7 billion pounds ($2.7 billion) from the controversial fundraising deal it struck with the bank four years ago. The warrants, whic
US and European authorities said Monday they seized 132 websites in a transatlantic law enforcement crackdown on online sellers of counterfeit merchandise. The seizure was the latest in a string of efforts by US officials to shut down online forgers, but
China blamed quantitative easing for damaging emerging economies and rejected Brazil's proposal of using world trade rules to compensate for currency misalignments, during a debate at the WTO on Monday. "We, together with many other countries, have been c
Sri Lankan stocks ended weaker on Monday with turnover slumping to a near five-month low as high interest rates sapped investor appetite for risky assets while many investors were away from the market ahead of a holiday. The Colombo Stock Exchange's main
Japan's Nikkei share average edged up to a 7-month closing high on Monday, led by exporters on expectations that a weaker yen will boost earnings. Exporters moved higher but trimmed early gains on profit-taking as investors worried about the pace of recen
US stocks eased on Monday as a mixed start to the holiday shopping season, caution over Greek aid talks and budget discussions in Washington gave investors reason to pause after Wall Street posted its best week in over five months. While holiday shopping
The Philippine index hit a record close for the second straight session while Indonesian stocks ended at an all-time high on Monday, led by large caps, but trading volume was relatively moderate as investors awaited an aid deal for Greece. The Philippine
India's main indexes ended higher on Monday, led by gains in export-driven technology shares such as Infosys due to rupee's weakness versus dollar, while reports of a stake sale to Etihad Airways buoyed Jet Airways stocks. However, the market is still cau
Australian shares rose 0.3 percent on Monday, led by mining shares following Wall Street's rally on expectations of an aid agreement for Greece and strong US retail sales. US markets rose on optimism in the retail sector after Black Friday sales kicked of
Hong Kong shares fell for the first time in four days on Monday, weighed by a sluggish onshore Chinese market as investors took profits on last week's outperformers including telecoms. The Hang Seng Index closed down 0.2 percent at 21,861.8, finishing at
European shares ended a five-day winning streak on Monday as a slump in Barclays, after a shareholder sold warrants in the bank, resulted in it leading both financial stocks and the broader market lower. The FTSEurofirst 300 index closed down 0.5 percent
Taiwan stocks rose 1.1 percent to a five-week closing high on Monday, beating most regional bourses, on media reports that the cabinet is ready to shore up the sluggish stock market with T$300 billion ($10 billion) from state-owned banks and government pe
South Korean shares, which surged 14 percent last week, cooled off on Monday due to profit-taking and lingering worries about fiscal woes in the US and Greece. The Korea Composite Stock Price Index (KOSPI) ticked down 0.15 percent to close at 1,908.51 poi
British bluechip shares fell on Monday, with Barclays tumbling more than 5 percent, as the market retreated after its best performance this year last week. Barclays dropped 5.4 percent after top shareholder Qatar Holdings cashed in its remaining warrants
China's yuan closed a whisker away from a record high after firming for a sixth straight session on Monday, and it would have gained more if hadn't been restricted by the official daily trading range, as Chinese firms struggled to reduce long dollar posit
The euro hit a seven-month high against the yen and held near a one-month peak versus the dollar on Monday, supported by hopes that Greece will finally secure new emergency loans to keep it afloat. Eurozone finance ministers meet on Monday for a third tim
The euro dropped against the dollar and retreated from a seven-month high versus the yen on Monday as market participants pared bets in favour of the single currency as they awaited word on whether Greece will secure crucial loans needed to pay off its de
The euro retreated from a seven-month high against the yen on Monday as traders booked profits on its recent rally, although expectations that Greece was on the verge of securing new emergency loans were checking losses. Eurozone finance ministers meet on
Interbank buy/sell rates for the taka against the dollar on Monday. 81.10-81.25 (previous 81.05-81.20). Call Money Rates: 07.75-07.90 percent (previous 05.80-08.50 percent.
Most emerging Asian currencies advanced on Monday as appetite for risk improved on hopes of an aid deal for Greece later in the day, although gains were capped by an expectation that local authorities would intervene to prevent currencies from rising too
The Indian rupee slid for a fifth day on Monday and hit its lowest level in more than two-and-a-half months, weighed down by heavy dollar buying by oil refiners, with gains in the euro failing to offer much respite. Traders said the absence of any large d
Sterling rose against the US dollar on Monday and jumped against the Canadian dollar after the UK government announced Bank of Canada chief Mark Carney as its surprise choice for the top job at the Bank of England. Carney is perceived as a monetary policy
Interim manager Rafael Benitez was given a hostile welcome by Chelsea fans angry at Roberto Di Matteo's sacking as the Spaniard began his Stamford Bridge reign with a dour 0-0 draw against Manchester City on Sunday. Chelsea owner Roman Abramovich axed Di
Sebastian Vettel became the youngest triple champion in Formula One history on Sunday when he finished sixth behind the victorious Jenson Button in a tumultuous Brazilian Grand Prix. The 25-year-old German, who was involved in an opening lap collision wit
Tim Southee rattled Sri Lanka with two wickets off three balls to put New Zealand in command on the second day of the second and final Test at the P. Sara Oval in Colombo on Monday. The fast bowler removed opener Tillakaratne Dilshan and Kumar Sangakkara
Australia won the final of Super Series Hockey Tournament by beating England while Pakistan secured third place after defeating India at Perth on Sunday. According to a private news channel, Australia defeated England by 5-2 in the final while Pakistan de
Debutant Faf du Plessis batted throughout the final day for a defiant unbeaten century to guide South Africa to a thrilling draw against Australia in the second Adelaide Test on Monday. Man-of-the-match du Plessis occupied the crease for almost eight hour
Jamaat-i-Islami (JI) Secretary General Liaqat Baloch has said that the present government having completed its term, has no reason to delay the elections.
The Lahore High Court (LHC) on Monday hearing of a petition filed by former president of Bank of Punjab (BoP), Hamesh Khan, till December 03 and directed his counsel to submit further arguments and documentary evidence to establish the allegations of bein
Employing over 70,000 people world-wide, Abbott is a global broad-based health care company which has a global presence in more than 130 countries. The product portfolio of this global company spans around the continuum of care, from nutritional products
Employing over 70,000 people world-wide, Abbott is a global broad-based health care company which has a global presence in more than 130 countries. The product portfolio of this global company spans around the continuum of care, from nutritional products