The Election Commission of Pakistan (ECP) on Monday, while taking notice of a complaint, has written a letter to federal government for the removal of Chief Executive Officer (CEO) of Islamabad Electricity Supply Company (IESCO) Javed Pervez with immediat
The Election Commission of Pakistan (ECP) on Monday, while taking notice of a complaint, has written a letter to federal government for the removal of Chief Executive Officer (CEO) of Islamabad Electricity Supply Company (IESCO) Javed Pervez with immediat
The federal government has decided to increase electricity Minimum Determined Tariff (MDT) by Rs 5 per unit for some categories of consumers soon after the general elections 2013, well-informed sources told Business Recorder. This agreement was sig
The federal government has decided to increase electricity Minimum Determined Tariff (MDT) by Rs 5 per unit for some categories of consumers soon after the general elections 2013, well-informed sources told Business Recorder. This agreement was sig
The federal government has decided to increase electricity Minimum Determined Tariff (MDT) by Rs 5 per unit for some categories of consumers soon after the general elections 2013, well-informed sources told Business Recorder. This agreement was sig
The government has dedicated 150 mmcfd additional gas to power sector, and released Rs 10 billion to Pakistan State Oil (PSO) for purchase of furnace oil, it is learnt. Sources told Business Recorder on Monday that to ensure no loadshedding during
The government has dedicated 150 mmcfd additional gas to power sector, and released Rs 10 billion to Pakistan State Oil (PSO) for purchase of furnace oil, it is learnt. Sources told Business Recorder on Monday that to ensure no loadshedding during
The government has dedicated 150 mmcfd additional gas to power sector, and released Rs 10 billion to Pakistan State Oil (PSO) for purchase of furnace oil, it is learnt. Sources told Business Recorder on Monday that to ensure no loadshedding during
The Federal Board of Revenue has proposed load of taxation measures of Rs 200 billion with little or no tax relief in Budget (2013-14). Sources told Business Recorder here on Monday that the Ministry of Finance has agreed to the taxation proposals
The Federal Board of Revenue has proposed load of taxation measures of Rs 200 billion with little or no tax relief in Budget (2013-14). Sources told Business Recorder here on Monday that the Ministry of Finance has agreed to the taxation proposals
The Federal Board of Revenue has proposed load of taxation measures of Rs 200 billion with little or no tax relief in Budget (2013-14). Sources told Business Recorder here on Monday that the Ministry of Finance has agreed to the taxation proposals
The Federal Board of Revenue has proposed load of taxation measures of Rs 200 billion with little or no tax relief in Budget (2013-14). Sources told Business Recorder here on Monday that the Ministry of Finance has agreed to the taxation proposals
Giulio Andreotti, a Machiavellian seven-time Italian prime minister who dominated the political scene for decades, died on Monday at the age of 94. Andreotti, a top figure in the once-dominant Christian Democratic party, died at his home in Rome. He had s
Giulio Andreotti, a Machiavellian seven-time Italian prime minister who dominated the political scene for decades, died on Monday at the age of 94. Andreotti, a top figure in the once-dominant Christian Democratic party, died at his home in Rome. He had s
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
Downward trend was seen on the forward cottonseeds oilcake market on Monday in process of trading, dealers said. The May vaida ended at Rs 908.90, they said. And it opened with a decline of 60 paisa at Rs 908.30 same rate, dealers said. The July contract
Spot rate was down modestly on the cotton market on Monday amid lacklustre trading, dealers said. The official spot rate was lower by Rs 6,450, they said. In the ready business, not a single deal was finalised due to less buying interest among traders, th
Slow trading was seen on the wholesale grain market on Monday in the process of slow business, dealers said. On the cereals side, Masoor Canada drifted lower by Rs 100 to Rs 7400-7500, other commodities showed no change due to balanced demand and supply,
Cash bids for hard red winter wheat were steady in the US Plains on Monday in a quiet market. Protein premiums for railcar wheat to and through Kansas City were unchanged. Kansas City Board of Trade July wheat settled most recently at $7.78.
The French farm ministry on Monday cut its estimate of the area sown with rapeseed for this year's harvest after farmers dug up some crops that had suffered from heavy rain. Analysts have been expecting the fall in area to cost France its place as the Eur
Indian sugar futures eased on Monday as surplus supplies from local production and imports offset an improvement in demand due to the summer season. The key June contract on India's National Commodity and Derivatives Exchange was down 0.34 percent at 2,96
Continued dry weather in Russia's southern crop growing regions could hurt grain production and yields, potentially dashing Russia's plans to return as a major wheat exporter this year, experts said on Monday. The state weather forecaster said no rain was
The Karachi Port handled 103,959 tonnes of cargo comprising 65,654 tonnes of import cargo and 38,305 tonnes of export cargo including 6,966 loaded and empty containers during the last 24 hours ended at 0700 hours on Monday. The total import cargo comprise
Norway and Fulham full-back John Arne Riise announced his international retirement on Monday after a record 110 caps for his country. The former Liverpool, Roma and Monaco left-back's decision caused shock waves in his homeland as Norway are midway throug
The Corps Commander Cup Golf Tournament has been concluded here at the Garrison Golf Course. Ghazala Yasmeen of the host Garrison Golf Club has emerged as the outstanding lady competitor of the tournament. She carded a round of gross 80 in the first round
France wing Franck Ribery has said he is eager to extend his Bayern Munich contract past 2015 having already spent nearly six years at the Champions League finalists. The 30-year-old joined Bayern in July 2007 from Marseille and has scored 51 goals, with
Second Banker's T20 Champions League 2013 started on Saturday at Rashid Latif Cricket Academy, Gulberg. In the 1st match KASB Bank beat Dubai Islamic Bank by 5 wickets. Dubai Islamic Bank batting first scored 150 with lost of 6 wickets. Rehan Azam scored
Juventus cemented a 29th title triumph on Sunday after another near flawless campaign, but for coach Antonio Conte hoisting the club back among the giants of European football will continue to be hampered by a cash-strapped Serie A. It was following Juve'
Vice-captain of Pakistan cricket team Mohammad Hafeez believe that the success rate of team over the last few years after being forced to play away from home, makes it a strong contender for the upcoming ICC Champions Trophy in England. Talking to private
Wily Pakistan off spinner Saeed Ajmal vowed Monday to target West Indian swashbuckler Chris Gayle when the two sides meet in the Champions Trophy next month. Pakistan is currently featuring in a tune-up camp in Abbottabad, a hilly town hoping to match con
Rising US star Sloane Stephens has slammed Serena Williams, describing her Fed Cup team-mate as a sore loser and saying she snubbed Stephens on Twitter after losing to her at the Aussie Open in January. In excerpts from an interview with ESPN Magazine, St
Ten-man Paris Saint-Germain blew a chance to effectively wrap up their first Ligue 1 title since 1994 on Sunday as they were held to a 1-1 draw at home to Valenciennes. Gael Danic put the visitors ahead on 17 minutes, while PSG captain Thiago Silva was sh
A 10-party alliance on Monday showed concerns over the growing number of "fake" blasts in the city, urging the interim government to step up efforts to ensure peace on polling day. The alliance showed distrust in Election Commission of Pakistan for not me
Inordinate delay on the part of the Federal Board of Revenue to devise modalities for settling sales tax adjustment claims of the taxpayers is tantamount to maladministration in terms of Section 2(3) of the FTO Ordinance, 2000, Federal Tax Ombudsman (FTO)
The Federal Board of Revenue has warned the tax officials that no ex-Pakistan leave request shall be processed in the Board unless it is forwarded through concerned Chief Collector, Chief Commissioner or Director General. In this regard, the FBR has issue
A tough fight is expected between the right and left wing ideological parties in middle class populated parts of city on NA-252 and NA-253, but public voting trend is still hinged on resolution of their growing civic, economic and security problems. A sti
With over a decade of operations and leadership, GSK is the largest pharmaceutical company in the country. GlobalSmithKline is a market leader in value. The company operates two industry segments within the pharmaceutical sector: Pharmaceuticals which inc
With over a decade of operations and leadership, GSK is the largest pharmaceutical company in the country. GlobalSmithKline is a market leader in value. The company operates two industry segments within the pharmaceutical sector: Pharmaceuticals which inc
Standard Chartered will boost ship financing this year despite a slump in many segments of the seaborne trade, scenting growth while other lenders pull back due to capital constraints, the bank's global head of shipping said. The industry is now in a fift
Australian job advertisements in newspapers and on the Internet fell for a second straight month in April in a sign firms are still cautious on hiring despite evidence of a revival in consumer demand. A survey by Australia and New Zealand Banking Group AN
PT Semen Indonesia Tbk plans to build a $200 million factory in Myanmar in 2014 as it expands its business in Southeast Asia to take on Thai rival Siam Cement Pcl, the head of country's biggest cement maker said. The Myanmar plan is the latest expansion s
Italy can stage an economic recovery without increasing its huge public debt, Prime Minister Enrico Letta said on Monday ahead of a meeting with his Spanish counterpart where he hoped to find support for his calls for a policy switch in Europe. Data on Mo
Qatar Airways is looking to order another 10 to 15 Airbus A330s before the Paris air show in June and might also confirm options on Boeing's 787, the Gulf carrier's chief said Monday. "We are talking to Airbus for extra A330s," Akbar al-Baker told reporte
Kuwait-based Asiya Investments has launched an Islamic trade finance fund with $20 million in seed capital, aiming to cater to small Asian manufacturers. Asiya, whose largest shareholder is sovereign wealth fund Kuwait Investment Authority, aims to fill a
Kuwait-based Asiya Investments has launched an Islamic trade finance fund with $20 million in seed capital, aiming to cater to small Asian manufacturers. Asiya, whose largest shareholder is sovereign wealth fund Kuwait Investment Authority, aims to fill a
The 500 largest US companies scored near-record profits last year and retailer Wal-Mart replaced ExxonMobil as the biggest revenue maker on the annual list, Fortune magazine said Monday. Apple cracked into the top 10 companies for the first time, vaulting
The 500 largest US companies scored near-record profits last year and retailer Wal-Mart replaced ExxonMobil as the biggest revenue maker on the annual list, Fortune magazine said Monday. Apple cracked into the top 10 companies for the first time, vaulting
The European Central Bank is ready to go beyond the record interest rate cut it agreed to last week if it is needed to prop up the eurozone's stagnant economy, its president Mario Draghi said Monday. "We will be looking at all the data that arrives from t
Amazon.com Inc launched an Android application store that offers paid apps in China, beating Google Inc, as the online retailer seeks to increase the amount of digital content it offers in the world's largest mobile phone market. Amazon, which opened its
South Korea's Hyundai Heavy Industries said Monday it had won a $700 million deal to build the world's largest container ships for China Shipping Container Lines. Under the deal signed with China's number two shipper, the world's largest shipbuilder will
Warren Buffett said the US economy is gradually improving, but low interest rates have made bonds "terrible investments" while stocks remain "reasonably priced." Speaking on CNBC television on Monday, the chairman and chief executive of Berkshire Hathaway
Warren Buffett said the US economy is gradually improving, but low interest rates have made bonds "terrible investments" while stocks remain "reasonably priced." Speaking on CNBC television on Monday, the chairman and chief executive of Berkshire Hathaway
Indonesia's economy grew at its slowest pace in 2 1/2 years in the first quarter, hurt by slowing private consumption, lower investment and a contraction in mining services, suggesting the government's projection for the year may be too optimistic.
Japan, China and South Korea agreed Monday to cooperate in the fight against cross-border air pollution, despite strained relations between the neighbours because of territorial disputes. The annual ministerial environmental meeting in Kitakyushu, souther
China has released new rules to curb currency speculation amid signs that hot money inflows have helped push the yuan to a series of record highs in recent weeks. The rules tighten limits on long yuan positions that banks can hold for their own accounts a
Business growth flagged in China, recession dragged on euro zone companies, and even US corporate growth slowed in April, according to surveys that bucked a stronger trend in US jobs data. Monday's European purchasing managers indexes (PMIs) suggested the
Cut off from regular loan financing after a spectacular banking collapse, Spain's mid-sized companies are being forced into the costly junk bond market to meet their funding needs. The good news? Borrowing costs have slumped, investors are proving willing
Cut off from regular loan financing after a spectacular banking collapse, Spain's mid-sized companies are being forced into the costly junk bond market to meet their funding needs. The good news? Borrowing costs have slumped, investors are proving willing
Indian shares rose on Monday to close near a three-month high hit on Thursday, led by gains in stocks beaten down earlier, such as Tata Consultancy Services , which rose on short covering, and metals firm Hindalco Industries, following copper's rally on F
Sri Lankan shares hit a 17-month closing high on Monday, led by bluechips such as conglomerate John Keells Holdings, with retail investors buying select shares on expectations of a rate cut at the central bank's policy meeting this week. The day's turnove
US stocks edged up on Monday, boosted by the tech sector, as Wall Street extended a rally that pushed the Dow and S&P 500 to record highs last week on improving earnings and reassuring signs about the economy. Apple shares were among the top gainers after