Soaring rice demand in China prompted Pakistan to estimate the commodity's export growth to $1 billion to the neighbouring state alone....but the trade needs government's priority, it is learnt. China has emerged as new rice exporting market for Pakistani
A series of attacks that included nine car bombings killed 71 people Monday in Iraq, mostly in Shia areas, as Prime Minister Nuri al-Maliki blamed politicians' "calls for violence." The bloody day started with two car bombs that killed 14 people and wound
A series of attacks that included nine car bombings killed 71 people Monday in Iraq, mostly in Shia areas, as Prime Minister Nuri al-Maliki blamed politicians' "calls for violence." The bloody day started with two car bombs that killed 14 people and wound
The United States on Monday denounced what it called a rising tide of both anti-Muslim and anti-Jewish sentiment around the world as it urged all nations to ensure freedom of religion. In a wide-ranging annual report on religious freedom, the State Depart
The United States on Monday denounced what it called a rising tide of both anti-Muslim and anti-Jewish sentiment around the world as it urged all nations to ensure freedom of religion. In a wide-ranging annual report on religious freedom, the State Depart
The Pentagon has asked Congress for nearly $80 billion to cover the cost of the war in Afghanistan in 2014, a spokesman said Monday. The request issued Friday for $79.4 billion in fiscal year 2014 is slightly lower than the war funding of $87.2 billion fo
The Pentagon has asked Congress for nearly $80 billion to cover the cost of the war in Afghanistan in 2014, a spokesman said Monday. The request issued Friday for $79.4 billion in fiscal year 2014 is slightly lower than the war funding of $87.2 billion fo
The Law and Justice Division has vetted the Presidential Ordinance to introduce new taxation measures before federal budget 2013-14. Sources told Business Recorder that the process of vetting the Finance Ordinance has been completed.
The Law and Justice Division has vetted the Presidential Ordinance to introduce new taxation measures before federal budget 2013-14. Sources told Business Recorder that the process of vetting the Finance Ordinance has been completed.
The Law and Justice Division has vetted the Presidential Ordinance to introduce new taxation measures before federal budget 2013-14. Sources told Business Recorder that the process of vetting the Finance Ordinance has been completed.
The Supreme Court on Monday sought current financial status of the Bank of Punjab and directed its President Naeemuddin Khan to appear before it on May 22. Adjourning the hearing of Rs 9 billion Bank of Punjab scam, a three-member bench led by Chief Justi
The Supreme Court on Monday sought current financial status of the Bank of Punjab and directed its President Naeemuddin Khan to appear before it on May 22. Adjourning the hearing of Rs 9 billion Bank of Punjab scam, a three-member bench led by Chief Justi
The Supreme Court on Monday sought current financial status of the Bank of Punjab and directed its President Naeemuddin Khan to appear before it on May 22. Adjourning the hearing of Rs 9 billion Bank of Punjab scam, a three-member bench led by Chief Justi
Islamabad Stock Exchange (ISE) witnessed record increase in ISE Ten Index with across the board gains in star performer shares on Monday as gainers outclassed losers and overall turnover showed increase by the end of bullish session. ISE Ten Index showed
Islamabad Stock Exchange (ISE) witnessed record increase in ISE Ten Index with across the board gains in star performer shares on Monday as gainers outclassed losers and overall turnover showed increase by the end of bullish session. ISE Ten Index showed
Oil and energy sector led the equities upward amid bullish sentiments dominated on the Lahore Stock Exchange on Monday. The LSE-25 index gained 27.71 points to close at 4319.64 against 4291.93 of last Friday, while transaction volume was restricted to 10.
Oil and energy sector led the equities upward amid bullish sentiments dominated on the Lahore Stock Exchange on Monday. The LSE-25 index gained 27.71 points to close at 4319.64 against 4291.93 of last Friday, while transaction volume was restricted to 10.
The Election Commission of Pakistan (ECP) has no plans to conduct re-polling in areas where it has received complaints of massive rigging during the recently held general elections as the commission is trying to settle the dust as soon as possible, it is
The Election Commission of Pakistan (ECP) has no plans to conduct re-polling in areas where it has received complaints of massive rigging during the recently held general elections as the commission is trying to settle the dust as soon as possible, it is
The Supreme Court on Mon-day observed that a possibility exists that the newly-elected government may take a view different from that of the caretakers on initiating a treason case against former President Pervez Musharraf. The caretakers had refused to f
The Supreme Court on Mon-day observed that a possibility exists that the newly-elected government may take a view different from that of the caretakers on initiating a treason case against former President Pervez Musharraf. The caretakers had refused to f
The Indian and Chinese premiers pledged on Monday to resolve a border dispute that has soured ties for decades, saying good relations between the two Asian giants were key to world peace. Chinese Premier Li Keqiang, making his first foreign visit since ta
The dollar was higher against the rupee on the currency market on Monday amid slight improvement in supply of the greenback, dealers said. The rupee drifted lower against the dollar, losing 10 paisa for buying and selling at Rs 99.85 and Rs 100.05, they s
The Indian and Chinese premiers pledged on Monday to resolve a border dispute that has soured ties for decades, saying good relations between the two Asian giants were key to world peace. Chinese Premier Li Keqiang, making his first foreign visit since ta
The dollar was higher against the rupee on the currency market on Monday amid slight improvement in supply of the greenback, dealers said. The rupee drifted lower against the dollar, losing 10 paisa for buying and selling at Rs 99.85 and Rs 100.05, they s
Chief of the Army Staff (CoAS) General Ashfaq Parvez Kayani on Monday proposed formation of a regional military counter-improvised explosive (C-IED) forum supported by a wider international forum to benefit from experiences of regional and global countrie
Chief of the Army Staff (CoAS) General Ashfaq Parvez Kayani on Monday proposed formation of a regional military counter-improvised explosive (C-IED) forum supported by a wider international forum to benefit from experiences of regional and global countrie
Jamiat Ulema-e-Islam-S (JUI-S) chief, Maulana Sami-ul-Haq, on Monday said that PML-N chief Nawaz Sharif had contacted him seeking his support for initiating talks with Taliban, a private TV channel reported. Haq said that Nawaz Sharif knew his importance
Jamiat Ulema-e-Islam-S (JUI-S) chief, Maulana Sami-ul-Haq, on Monday said that PML-N chief Nawaz Sharif had contacted him seeking his support for initiating talks with Taliban, a private TV channel reported. Haq said that Nawaz Sharif knew his importance
President Asif Ali Zardari has finally telephoned the PML-N chief Nawaz Sharif and felicitated him over the success of the PML-N in the general elections. Nawaz expressed his gratitude to President Zardari for his good wishes, it is learnt. However, the s
President Asif Ali Zardari has finally telephoned the PML-N chief Nawaz Sharif and felicitated him over the success of the PML-N in the general elections. Nawaz expressed his gratitude to President Zardari for his good wishes, it is learnt. However, the s
President Pakistan Muslim League-Nawaz (PML-N) Nawaz Sharif on Monday called for taking Taliban's offer for talks seriously, saying that every issue cannot be solved through use of power and bullet. "We have lost 40,000 lives. Our economy is deteriorating
President Pakistan Muslim League-Nawaz (PML-N) Nawaz Sharif on Monday called for taking Taliban's offer for talks seriously, saying that every issue cannot be solved through use of power and bullet. "We have lost 40,000 lives. Our economy is deteriorating
Pakistan Muslim League-Nawaz (PML-N) filed a petition in the Supreme Court on Monday urging the court to declare transfers, postings of civil servants by the federation/caretaker government null and void. PML-N leader Khawaja Muhammad Asif filed a petitio
Pakistan Muslim League-Nawaz (PML-N) filed a petition in the Supreme Court on Monday urging the court to declare transfers, postings of civil servants by the federation/caretaker government null and void. PML-N leader Khawaja Muhammad Asif filed a petitio
President Asif Ali Zardari said that the Pakistan Peo-ple's Party (PPP) fell victim to "national and international" institutions' conspiracies, which caused its defeat in the general elections. He was speaking to the party ticket-holders from Punjab at th
President Asif Ali Zardari said that the Pakistan Peo-ple's Party (PPP) fell victim to "national and international" institutions' conspiracies, which caused its defeat in the general elections. He was speaking to the party ticket-holders from Punjab at th
On Monday, BRIndex30 opened at 13,258.77 and remained positive throughout the trading session. It touched an intraday high of 13,424.19 and an intraday low of 13,278.68 and closed at 13,402.58, which was 143.81 points or 1.08 percent higher than previous
On Monday, BRIndex30 opened at 13,258.77 and remained positive throughout the trading session. It touched an intraday high of 13,424.19 and an intraday low of 13,278.68 and closed at 13,402.58, which was 143.81 points or 1.08 percent higher than previous
Karachi Stock Exchange (KSE) Monday witnessed historic high on first day of new week and the benchamark-100 index gained 277.11 points. It breached psychological barrier of 20,800 and closed at 20,814.14 against 20,537.03 Friday. The local bourse opened i
Karachi Stock Exchange (KSE) Monday witnessed historic high on first day of new week and the benchamark-100 index gained 277.11 points. It breached psychological barrier of 20,800 and closed at 20,814.14 against 20,537.03 Friday. The local bourse opened i
Karachi Stock Exchange (KSE) Monday witnessed historic high on first day of new week and the benchamark-100 index gained 277.11 points. It breached psychological barrier of 20,800 and closed at 20,814.14 against 20,537.03 Friday. The local bourse opened i
The State Bank of Pakistan (SBP) has issued new guidelines for banks and DFIs'' investment in Mutual Funds and Asset Management Companies (AMCs) for the calculation of Capital Adequacy Ratio (CAR). According to State Bank, new instructions will be effecti
The State Bank of Pakistan (SBP) has issued new guidelines for banks and DFIs' investment in Mutual Funds and Asset Management Companies (AMCs) for the calculation of Capital Adequacy Ratio (CAR). According to State Bank, new instructions will be effectiv
The State Bank of Pakistan (SBP) has issued new guidelines for banks and DFIs' investment in Mutual Funds and Asset Management Companies (AMCs) for the calculation of Capital Adequacy Ratio (CAR). According to State Bank, new instructions will be effectiv
Federal Minister for Information and Broadcasting Arif Nizami on Monday said the new government is likely to announce budget for the next financial year in first week of June. "The expected finance minister in the new government Senator Ishaq Dar is busy
Federal Minister for Information and Broadcasting Arif Nizami on Monday said the new government is likely to announce budget for the next financial year in first week of June. "The expected finance minister in the new government Senator Ishaq Dar is busy
Federal Minister for Information and Broadcasting Arif Nizami on Monday said the new government is likely to announce budget for the next financial year in first week of June. "The expected finance minister in the new government Senator Ishaq Dar is busy
The Federal Board of Revenue has proposed comprehensive amendments to the sales tax laws in Budget (2013-14) to check huge tax losses in energy sector by curtailing sales tax refunds to power sector entities. Sources told Business Recorder here on
The Federal Board of Revenue has proposed comprehensive amendments to the sales tax laws in Budget (2013-14) to check huge tax losses in energy sector by curtailing sales tax refunds to power sector entities. Sources told Business Recorder here on
The Federal Board of Revenue has proposed comprehensive amendments to the sales tax laws in Budget (2013-14) to check huge tax losses in energy sector by curtailing sales tax refunds to power sector entities. Sources told Business Recorder here on
Finance Ministry has decided to release only Rs 5 billion to the power sector subsequent to the directives of caretaker Prime Minister Mir Hazar Khan Khoso to immediately release Rs 22.5 billion, it was learnt. Sources revealed that a meeting was held bet