The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Fatima Bhutto, the niece of assassinated Pakistani former prime minister Benazir Bhutto, has been nominated for the Women's Prize for Fiction, the judges announced Friday. Bhutto is among 20 women on the long list for the award, which was formerly known a
Fatima Bhutto, the niece of assassinated Pakistani former prime minister Benazir Bhutto, has been nominated for the Women's Prize for Fiction, the judges announced Friday. Bhutto is among 20 women on the long list for the award, which was formerly known a
The dollar remained under pressure versus the rupee due to heavy selling by investors, dealers said on Friday. Within last couple of sessions, the rupee recovered Rs 2 approximately in relation to the dollar and it may gain further as market receives near
The International Criminal Court on Friday convicted Congolese ex-militia boss Germain Katanga of war crimes for arming an ethnic militia that carried out a 2003 village massacre with guns and machetes.
The dollar remained under pressure versus the rupee due to heavy selling by investors, dealers said on Friday. Within last couple of sessions, the rupee recovered Rs 2 approximately in relation to the dollar and it may gain further as market receives near
The International Criminal Court on Friday convicted Congolese ex-militia boss Germain Katanga of war crimes for arming an ethnic militia that carried out a 2003 village massacre with guns and machetes.
The finance ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that gas output fell by 4.1 percent in January 2014 over the same month last fiscal year, it is learnt. Sources said the statistics presented to the ECC
The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
Afghan President Hamid Karzai has become a father again at the age of 56 after his wife gave birth to their third child in India, according to an embassy statement sent to AFP on Friday. A baby girl was delivered at a private hospital in the New Delhi sat
Afghan President Hamid Karzai has become a father again at the age of 56 after his wife gave birth to their third child in India, according to an embassy statement sent to AFP on Friday. A baby girl was delivered at a private hospital in the New Delhi sat
Malaysian opposition leader Anwar Ibrahim had his acquittal for sodomy overturned Friday, in a fresh threat to the remarkable career of a charismatic politician who helped turn around the country's once-hapless opposition. A Court of Appeals panel upheld
Malaysian opposition leader Anwar Ibrahim had his acquittal for sodomy overturned Friday, in a fresh threat to the remarkable career of a charismatic politician who helped turn around the country's once-hapless opposition. A Court of Appeals panel upheld
Finance Minister Ishaq Dar on Friday visited the Federal Board of Revenue (FBR) House and held a detailed meeting with FBR Chairman Tariq Bajwa to discuss budget preparations, overall position of revenue collection, measures to broaden the tax-base and do
Beijing is taking a step towards requiring local government personnel to disclose their property holdings, a top city official told media Friday, a move critics say would tackle endemic graft. China has launched a much-publicised anti-corruption drive sin
France is facing pressure to deliver on long-promised, deep budget savings in the next couple of weeks to keep the increasingly strained faith of its EU partners, bond markets and ratings agencies. Unimpressed with French efforts so far, the European Comm
France is facing pressure to deliver on long-promised, deep budget savings in the next couple of weeks to keep the increasingly strained faith of its EU partners, bond markets and ratings agencies. Unimpressed with French efforts so far, the European Comm
Spain's government is to overhaul loan refinancing rules for struggling companies, a source told Reuters on Thursday, a move it hopes will help more firms stay afloat while the economy edges out of its lengthy slump. The new rules, to be approved on Frida
European Union lawmakers will consider toughening up the bloc's cap on bankers' bonuses after lenders have begun softening its impact by awarding extra "allowances" to top up fixed pay. The cap is one of the most high-profile rules from the 28-country blo
Airline shake-ups in Indonesia and Serbia dented a surge in orders for Airbus aircraft in February, but the European planemaker edged ahead in its annual order race with Boeing, company data showed on Friday. After a busy Singapore Airshow, the Airbus Gro
German industry output rose for a third consecutive month in January, driven by a surge in construction, data showed on Friday, suggesting the industrial sector in Europe's largest economy started 2014 in good shape. Industry production climbed by 0.8 per
An Italian appeals court on Friday acquitted international banks J.P. Morgan, UBS, Deutsche Bank and Depfa Bank of fraud in the sale of derivative instruments. The Milan court judge's decision overturned a 2012 ruling which ordered the seizure of 89 milli
The US generated 175,000 jobs in February, data showed Friday, a modest rebound from two disappointing, weather-beaten months that analysts said suggests economic growth remains on track. The figure, which came after a series of poor indicators that had l
The US international trade deficit ticked slightly higher in January but stayed on a narrowing trend as the global economy continues to slowly recover, official data released Friday showed. The nation's trade shortfall in goods and services rose to $39.1
Kazakhstan is suing foreign oil majors developing its huge Kashagan oilfield in the Caspian Sea, a tactic similar to those that secured the government large stakes in two of the three multinational energy projects on its territory. Repeated delays at the
The International Monetary Fund said Friday it viewed the new government in Ukraine as committed to undertaking needed reforms in exchange for aid. IMF European Department Director Reza Moghadam said he had held "productive" talks with Prime Minister Arse
China's first-ever default on a domestic corporate bond Friday has sparked legal action by investors owed interest payments from a solar company, their lawyer said. Shanghai-based Chaori Solar Energy Science & Technology Co said Tuesday it was unable to m
China's first-ever default on a domestic corporate bond Friday has sparked legal action by investors owed interest payments from a solar company, their lawyer said. Shanghai-based Chaori Solar Energy Science & Technology Co said Tuesday it was unable to m
For lovers of luxury and bling-bling, German tuning specialist Carlsson is offering an eyeful at the Geneva Motor Show this week, displaying the world's first gold-covered car. Several thousand sheets of gold leaf were needed to cover the Versailles-inspi
British insurer RSA has appointed an experienced industry executive to head its Irish unit, it said on Friday, as it seeks to draw a line under an accounting scandal. Ken Norgrove will replace Philip Smith, who resigned as chief executive of the Irish bus
Some of Colombia's coffee traders have ripped up contracts to supply exporters, setting off a price war for high-quality beans in the first sign a 75 percent surge in prices so far this year is starting to disrupt the market, exporters say. Trading houses
Steadier trend was seen on the cotton market on Friday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 6,850, they added. Prices of seed cotton in Sindh per 40 kg were inert at Rs 2500-3200, in Punjab, rates also
The Karachi Port handled 99,467 tonnes of cargo comprising 46,159 tonnes of import cargo and 53,308 tonnes of export cargo including 4,758 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 46,15
US natural gas futures ended 3 percent higher on Thursday on a bigger than expected weekly storage draw, despite forecasts for milder temperatures and weaker heating demand over the next couple of weeks. Front-month natural gas futures on the New York Mer
Corn premiums at the US Gulf Coast firmed 5 cents, offered at 105 cents/bushel over Chicago Board of Trade futures for April/May shipment late Thursday as US corn was the top choice for world buyers amid unrest in the Ukraine and a slowed South American h
Vietnam, the second-largest rice exporter after India, is expecting its winter-spring crop harvest to rise about 3 percent from last year to nearly 11 million tonnes, the government and state media reports said on Thursday. The larger harvest, coupled wit
Spot basis bids for corn were a touch weaker at river terminals around the US Midwest, but held mostly steady at processors and elevators on Thursday as farmers sold light amounts of grain and soya, dealers said. Dealers noted farmer sales as US corn futu
Pakistan Mercantile Exchange (PMEX) witnessed 43 per cent increase in value traded on Friday. Total value of trade went up to PKR 4,364 million from PKR 3,056 million on Thursday. Number of lots traded increased to 20,298 from 14,207. PMEX Commodity Index
International Women's Day marked on 8th March each year. The purpose of the day is to show love, appreciation and respect towards women. This year theme of the Women's Day is "Inspiring Change". Women of Pakistan are honoured all over the world for their
Metaphorically speaking, the sea is too far from the coast of Karachi. We live by the sea but don't know, nor bother to know what is happening to the sea, to the creatures in it, to the plight of fisher folks. Our interest is limited to the delicious sea
Using visual vocabulary of bright colours Hamid S. Alavi portrays the rural and urban landscapes beautifully. He is mainly fascinated by the night and evening time. He portrays the captivating ambience when the night is falling and the day is departing. T
Exposure to second-hand smoke in childhood causes irreversible damage to children's arteries - increasing their risk of heart attacks or strokes when they grow up, according to a large international study published on Wednesday.
Young smokers who have smoked more cigarettes have clear differences in their brains compared to lighter smokers, according to a new study. "Earlier studies of older participants showed that the smokers had structural differences in various brain regions,
People who have outbursts of anger are at greater risk of having a heart attack or stroke in the two hours immediately after the episode, European researchers said Tuesday. The study - a big review of published papers - is the first to give powerful stati
The Karachi Literature Festival (KLF) is being held annually for the past five years since 2010. The festival is now become a regular gathering of writers, intellectuals, readers and general public who come in the festival for their craving of book readin
For almost as long as there have been computers, there have been people intent in playing games with them. Since young programmers at the Massachusetts Institute of Technology came up with "Spacewar!" some 50 years ago, the world of videogames has explode
Two-year-old Mia traces out a letter on the screen with her forefinger, then claps with joy when the computer chants "wonderful!" and emits a slightly metallic sound of applause. The pre-school group at Tanto International School in central Stockholm is j
Mobiles and tablets have evolved from simple tools to something truly useful - a great way to kill time. Thanks to the variety of games available for the platforms, thousands of people while away hours on buses and in waiting rooms every day playing some
Harrowing historical drama "12 Years a Slave" won the coveted best picture Oscar on Sunday, while 3D space thriller "Gravity" was the top prize winner at a politically tinged Academy Awards with seven. True-life AIDS activist drama "Dallas Buyers Club" wo
Experts at Bridge look like magicians with a crystal ball who invariably guess right when cornered to make a decision. Suppose you are playing a 4NT contract with the following NS hands:
Brew an espresso, watch a movie on a large screen, surf the Internet or simply sit and chat with friends? As automakers and technology firms steer towards a future of driverless cars, a Swiss think tank is at the Geneva Motor Show this week showing off it
Autos will roll out this year with CarPlay technology making iPhones helpful road-trip companions, complete with Siri tending to messages. "CarPlay gives iPhone users an incredibly intuitive way to make calls, use Maps, listen to music and access messages
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
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
The Government and Opposition have paved the way for the appointment of former Justice Rana Bhagwandas as the Chief Election Commissioner by passing "Federal Public Service Commission (Amendment) Bill, 2014" in the National Assembly on Friday.
The Government and Opposition have paved the way for the appointment of former Justice Rana Bhagwandas as the Chief Election Commissioner by passing "Federal Public Service Commission (Amendment) Bill, 2014" in the National Assembly on Friday.
Saudi Arabia has formally designated the Muslim Brotherhood as a terrorist organisation, in a move that could increase pressure on Qatar whose backing for the group has sparked a row with fellow Gulf monarchies. The US-allied kingdom has also designated a
Saudi Arabia has formally designated the Muslim Brotherhood as a terrorist organisation, in a move that could increase pressure on Qatar whose backing for the group has sparked a row with fellow Gulf monarchies. The US-allied kingdom has also designated a
The site selected by Engro's Elengy Terminal Pakistan Limited (ETPL) to establish its LNG import terminal in Karachi does not meet the requirements of Port Qasim Authority (PQA). According to documents made available to Business Recorder, PQA infor
The site selected by Engro's Elengy Terminal Pakistan Limited (ETPL) to establish its LNG import terminal in Karachi does not meet the requirements of Port Qasim Authority (PQA). According to documents made available to Business Recorder, PQA infor
The site selected by Engro''s Elengy Terminal Pakistan Limited (ETPL) to establish its LNG import terminal in Karachi does not meet the requirements of Port Qasim Authority (PQA). According to documents made available to Business Recorder, PQA info
Pak rupee continued to strengthen for second consecutive day on Friday with the interbank parity closing at Rs 102.80 equivalent to one dollar and open market rate at Rs 103.20 to one greenback. Both investors and exporters who had hoarded the dollars wer
Pak rupee continued to strengthen for second consecutive day on Friday with the interbank parity closing at Rs 102.80 equivalent to one dollar and open market rate at Rs 103.20 to one greenback. Both investors and exporters who had hoarded the dollars wer
Pak rupee continued to strengthen for second consecutive day on Friday with the interbank parity closing at Rs 102.80 equivalent to one dollar and open market rate at Rs 103.20 to one greenback. Both investors and exporters who had hoarded the dollars wer