Karachi Stock Exchange (KSE) Monday set a fresh record on the first day of new week as the benchmark-100 share index hit all-time high level of 18,272.11, gaining 228.80 points or 1.27 percent. Commenting on the market performance, Zafar Moti, senior memb
Karachi Stock Exchange (KSE) Monday set a fresh record on the first day of new week as the benchmark-100 share index hit all-time high level of 18,272.11, gaining 228.80 points or 1.27 percent. Commenting on the market performance, Zafar Moti, senior memb
Karachi Stock Exchange (KSE) Monday set a fresh record on the first day of new week as the benchmark-100 share index hit all-time high level of 18,272.11, gaining 228.80 points or 1.27 percent. Commenting on the market performance, Zafar Moti, senior memb
India''s top court dismissed Swiss drugmaker Novartis AG''s attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics.
India's top court dismissed Swiss drugmaker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics.
India's top court dismissed Swiss drugmaker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics.
The Supreme Court on Monday said it would decide whether or not it should make the Lal Masjid Commission's report public. It made these observations after it briefly examined the contents of this report. A three-member bench led by Chief Justice Iftikhar
The Supreme Court on Monday said it would decide whether or not it should make the Lal Masjid Commission's report public. It made these observations after it briefly examined the contents of this report. A three-member bench led by Chief Justice Iftikhar
The government is likely to increase power tariff by over Rs 4 per unit across-the-board after National Electric Power Regulatory Authority (Nepra) allowed hike in tariff to Islamabad Electric Supply Company (Iesco). "If the caretaker government does not
The government is likely to increase power tariff by over Rs 4 per unit across-the-board after National Electric Power Regulatory Authority (Nepra) allowed hike in tariff to Islamabad Electric Supply Company (Iesco). "If the caretaker government does not
The government is likely to increase power tariff by over Rs 4 per unit across-the-board after National Electric Power Regulatory Authority (Nepra) allowed hike in tariff to Islamabad Electric Supply Company (Iesco). "If the caretaker government does not
Ministry of Water and Power has reportedly failed to resolve outstanding payment issues of Independent Power Producers (IPPs) due to financial constraints, well informed sources told Business Recorder. The sources said, 235 MW TNB Liberty Power Lim
Ministry of Water and Power has reportedly failed to resolve outstanding payment issues of Independent Power Producers (IPPs) due to financial constraints, well informed sources told Business Recorder. The sources said, 235 MW TNB Liberty Power Lim
Ministry of Water and Power has reportedly failed to resolve outstanding payment issues of Independent Power Producers (IPPs) due to financial constraints, well informed sources told Business Recorder. The sources said, 235 MW TNB Liberty Power Lim
The Finance Ministry has reportedly expressed its inability to releases Rs 57 billion for import of furnace oil after the total subsidy for the power sector exceeded Rs 267 billion during the first nine months of the current fiscal year against a total re
The Finance Ministry has reportedly expressed its inability to releases Rs 57 billion for import of furnace oil after the total subsidy for the power sector exceeded Rs 267 billion during the first nine months of the current fiscal year against a total re
The Finance Ministry has reportedly expressed its inability to releases Rs 57 billion for import of furnace oil after the total subsidy for the power sector exceeded Rs 267 billion during the first nine months of the current fiscal year against a total re
The Federal Board of Revenue (FBR) has extended amnesty scheme up to April 6 this year for legalising non-duty paid smuggled vehicles in view of the ''healthy response'' at the national level. Sources told Business Recorder here on Monday that the
The Federal Board of Revenue (FBR) has extended amnesty scheme up to April 6 this year for legalising non-duty paid smuggled vehicles in view of the 'healthy response' at the national level. Sources told Business Recorder here on Monday that the Pr
The Federal Board of Revenue (FBR) has extended amnesty scheme up to April 6 this year for legalising non-duty paid smuggled vehicles in view of the 'healthy response' at the national level. Sources told Business Recorder here on Monday that the Pr
Following an encouraging response from textile sector, which deposited over Rs 3 billion to clear their past sales tax liabilities, the Federal Board of Revenue (FBR) has extended the amnesty scheme up to April 15, 2013. Sources told Business Recorder
Following an encouraging response from textile sector, which deposited over Rs 3 billion to clear their past sales tax liabilities, the Federal Board of Revenue (FBR) has extended the amnesty scheme up to April 15, 2013. Sources told Business Recorder
Following an encouraging response from textile sector, which deposited over Rs 3 billion to clear their past sales tax liabilities, the Federal Board of Revenue (FBR) has extended the amnesty scheme up to April 15, 2013. Sources told Business Recorder
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
The May vaida maintained its upward trend and the July vaida was unchanged on the forward cottonseeds oilcake market on Monday, dealers said. The May vaida ended at Rs 910.6, it opened with 20 paisa gain at Rs 910.8 in the morning session, dealers said. T
Prices drifted lower on the cotton market on Monday as main participants were on the sidelines, hoping for a further decline in the rates, dealers said. The official spot rate was unchanged at Rs 6,900, they said. Rates of seed cotton in Sindh were unchan
Spot basis bids for hard red winter wheat were steady in the US Plains and Gulf export markets on Monday in thin dealings, grain merchants said. Kansas City Board of Trade May wheat futures' most recent close was $7.26-3/4 per bushel. Egypt expects its do
Indian coffee prices were steady at an auction conducted last week as activity was limited due to financial year-end. Only 32,000 kilograms were sold out of the 197,477 kilograms offered for sale. Of the total offer, arabica coffee constituted 93,178 kilo
Warm and dry weather during April will favour a spring grain sowing campaign in Russia, bringing some relief after heavy snowfall, data from the state forecaster showed on Monday. Russia lost a quarter of its grain harvest due to drought last year and nee
Vietnam, the world's second-largest rice exporter, plans to sell 300,000 tonnes of rice annually to Guinea between now and 2015, a state-run newspaper said on Monday. The countries recently signed a memorandum of understanding on the three-year supply dea
Indian oilseeds and soyaoil futures eased to their lowest level in a week weighed by weak global leads, and on expectations of higher arrivals of rapeseed in the peak season period. The benchmark Malaysian palm oil contract was down 1.35 percent at 2,346
The Karachi Port handled 273,511 tonnes of cargo comprising 195,139 tonnes of import cargo and 78,372 tonnes of export cargo including 3,874 loaded and empty containers during the last 48 hours ended at 0700 hours on Monday. The total import cargo of 195,
Sales in Japan of 660 cc passenger mini-cars jumped to a record high in the last financial year, signalling structural change in a market where family size is shrinking and buyers are shifting to smaller cars. Buyers and owners pay less tax for mini-vehic
Iran's inflation rate has climbed above 30 percent under the impact of international economic sanctions, according to figures released by the government's statistics centre. The rate reached 31.5 percent in the 12 months to March 20, which was the end of
Armenia's last national airline, Armavia, on Monday ceased operations and launched bankruptcy procedures due to grave financial problems, the company said. "Over the last three years, the owner of Armavia airline has been investing finances from (his) oth
Taiwan will ease rules to allow Chinese banks to buy bigger stakes in local banks and permit more Chinese firms to invest in its financial industry, the island's financial regulator said on Monday, marking a major advance in cross-strait ties.
The US government is investigating whether a unit of Japanese electronics giant Panasonic Corporation paid bribes abroad to ease business deals, The Wall Street Journal reported Monday. Citing company documents, the paper said the probe is focused on Pana
Strong demand at home boosted activity at Chinese factories last month, but US manufacturing hit an unexpected speed bump after expanding rapidly in February, weakened by a slower pace of new orders. Other surveys released on Monday showed manufacturing s
The mooted BRICS bank of emerging powers is intended to complement, rather than compete with Western-dominated institutions on the world stage, the Indian Finance Minister said Monday. Finance Minister P. Chidambaram also said India supports Japan's nomin
Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting on Tuesday, in a monetary tightening move that economists said could help fight inflation and support a weakening currency. The
Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday. The country's euro zone partners agreed on a 10 billion euro
Turkey's economy grew less than expected last year as domestic demand slumped, data showed on Monday, but manufacturing expanded for the seventh month in a row in March, suggesting a recovery is around the corner. Gross domestic product (GDP) grew 1.4 per
US factory activity grew at the slowest rate in three months in March, suggesting the economy lost some momentum at the end of the first quarter as the effects of tighter fiscal policy started kicking in. Data so far had shown little sign that higher taxe
A buyout offer for Orascom Telecom, Egypt's second-largest listed company, failed to buoy a sinking Cairo stock market on Monday - an indication of how negative investors have become about medium-term prospects for the market. A Cyprus-based subsidiary of
Japan's Nikkei share average fell to a three-week low on Monday as investors took profits in stocks such as exporters and financials that had gained in recent weeks on the back of a weaker yen and prospects of monetary easing. All 33 subindexes were lower
Taiwan stocks ended 0.24 percent lower on Monday, with banks among the biggest losers as investors turned cautious ahead of a meeting between China and Taiwan regulators on further opening banking markets to each other. The main TAIEX index slipped 19.37
US institutional investors recommended reducing stocks holdings and increasing bond allocations in March even as the Dow Jones industrial average passed an all-time high, judging risks to this year's bullish run have grown. The average equity allocation i
US stocks declined on Monday after weaker-than-expected US manufacturing data gave investors reason to book profits after both the Dow and S&P 500 set record closing highs in the prior session. The Institute for Supply Management's March manufacturing rea
Indian shares edged higher in the first trading session of a new fiscal year, as Infosys gained on optimism about its fourth-quarter earnings, while Larsen & Toubro gained after winning a $1 billion power plant order. Although Monday marked the third cons
Chinese shares fell to their lowest since the start of the year on Monday after an official purchasing managers' survey showed a slower rebound in factory activity than expected, suggesting headwinds remain for the world's second largest economy. But prop
Southeast Asian stock markets ended mostly lower on Monday with Indonesia and the Philippines coming off record highs amid subdued trading in the region as some Asian markets were still closed for Easter holidays. After a choppy session, Jakarta's Composi
South Korean shares stepped back from a three-week high reached the previous session as China's factory data missed market expectations, while builders gained ground on stimulus policy hopes. Analysts were mixed about the outlook this week, as expectation
The South Korean won and the Indonesian rupiah fell on Monday, pressured by weak trade data, leading declines among emerging Asian currencies. The won slid as offshore funds sold the currency as disappointing export growth and a slower-than-expected rise
The dollar fell across the board on Monday, sliding to a nearly four-week low against the yen, as softer-than-expected US manufacturing data for March interrupted a run of generally upbeat economic reports. The yen, meanwhile, firmed on safe-haven flows f
The euro sagged on Monday to approach a four-month low on concerns about the spillover from Cyprus' bailout terms, while the Aussie dollar was tripped up after data showed a slower rebo.und in Chinese factory activity in March than expected. The yen firme
Indian debt and currency markets were remain closed on Monday for a banking holiday. The markets, which were closed on Friday as well, will resume trade on Tuesday. The partially convertible rupee ended at 54.28/29 per dollar versus its previous close of
Interbank buy/sell rates for the taka against the dollar on Monday. 78.10-78.11 (78.15-78.15). Call Money Rates: 06.75-07.00 percent (previous 05.25-07.50 percent).
Australia's government is proposing to simplify the sale of retail bonds in a move that could offer firms an alternative to bank funding and see a large increase in issuance. Among the new measures proposed by the Labour government, the most important one
Australia's government is proposing to simplify the sale of retail bonds in a move that could offer firms an alternative to bank funding and see a large increase in issuance. Among the new measures proposed by the Labour government, the most important one