The highest price for top grade Kenyan tea fell to $3.00 per kg at this week's sale from $3.20 per kg last week, Tea Brokers East Africa said on Wednesday. Kenya is the leading world exporter of black tea and the crop is a major foreign exchange earner fo
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was reported at PKR 3,337 million. Number of lots traded were reported at 13,814 and PMEX Commodity Index closed at 3,016. Major business was contributed by crude oil amounting to PKR 1,927 m
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 European Central Bank has left its main interest rate unchanged even as a drop in inflation has fuelled worries about economic weakness in the 18-country eurozone.
The European Central Bank has left its main interest rate unchanged even as a drop in inflation has fuelled worries about economic weakness in the 18-country eurozone.
The European Central Bank has left its main interest rate unchanged even as a drop in inflation has fuelled worries about economic weakness in the 18-country eurozone.
Brent crude gained more than $1 on Thursday, widening its premium to US crude, as doubts persisted that a lasting deal was imminent to reopen vital Libyan oil ports and as tension between Russian and Ukraine intensified. Brent's gain of more than $1 follo
A bomb exploded early Thursday morning shortly before former army chief and President Pervez Musharraf's convoy was due to pass. The bomb was planted on Musharraf's route from Armed Forces Institute of Cardiology (AFIC) to his farmhouse, police said. Poli
A bomb exploded early Thursday morning shortly before former army chief and President Pervez Musharraf's convoy was due to pass. The bomb was planted on Musharraf's route from Armed Forces Institute of Cardiology (AFIC) to his farmhouse, police said. Poli
A spokes-man for the government has categorically denied reports in a section of media that decision by the government to reject the application of General Pervez Musharraf (Retd) for exclusion of his name from ECL was taken after consultation with Chief
A spokes-man for the government has categorically denied reports in a section of media that decision by the government to reject the application of General Pervez Musharraf (Retd) for exclusion of his name from ECL was taken after consultation with Chief
The Supreme Court was urged to allow former army chief and President Pervez Musharraf to visit his ailing mother in the UAE in the larger interest of justice. Shahjan Khan filed a petition under Article 184(3) of the Constitution of Pakistan, making Feder
The Supreme Court was urged to allow former army chief and President Pervez Musharraf to visit his ailing mother in the UAE in the larger interest of justice. Shahjan Khan filed a petition under Article 184(3) of the Constitution of Pakistan, making Feder
Prime Minister Nawaz Sharif has appointed Major-General Zaheer Ahmad Khan (Retd) as Chief Executive Officer (CEO) of a financially-strapped Pakistan Steel Mills (PSM). Zaheer Khan will be the third General who has been given the task of reviving an ill-tr
Prime Minister Nawaz Sharif has appointed Major-General Zaheer Ahmad Khan (Retd) as Chief Executive Officer (CEO) of a financially-strapped Pakistan Steel Mills (PSM). Zaheer Khan will be the third General who has been given the task of reviving an ill-tr
Prime Minister Nawaz Sharif has appointed Major-General Zaheer Ahmad Khan (Retd) as Chief Executive Officer (CEO) of a financially-strapped Pakistan Steel Mills (PSM). Zaheer Khan will be the third General who has been given the task of reviving an ill-tr
Bench-mark 100-share index of Karachi Stock Exchange (KSE) continues progress in a green zone on the fourth consecutive day, gaining 404.34 points or 1.45 per cent to close at fresh all time high 28,336.36 points. An analyst, Ahsan Mehanti at Arif Habib C
Bench-mark 100-share index of Karachi Stock Exchange (KSE) continues progress in a green zone on the fourth consecutive day, gaining 404.34 points or 1.45 per cent to close at fresh all time high 28,336.36 points. An analyst, Ahsan Mehanti at Arif Habib C
Bench-mark 100-share index of Karachi Stock Exchange (KSE) continues progress in a green zone on the fourth consecutive day, gaining 404.34 points or 1.45 per cent to close at fresh all time high 28,336.36 points. An analyst, Ahsan Mehanti at Arif Habib C
On Thursday, BRIndex30 opened at 16,760.93 and remained positive throughout the trading session. It touched an intraday high of 17,154.59 and an intraday low of 16,858.93 and closed at 17,113.18, which was 352.25 points or 2.1 percent higher than previous
The government of Saudi Arabia has sent a gift of 200 tons of dates to the Government of Pakistan. Jassim Mohammad Khalid Al-Khaldi, Deputy Head of Mission of Saudi Arabia formally handed over the consignment of dates to Captain Muhammad Aftab (Retd), Joi
Just a day before the start of session of National Assembly on March 24, 2014, the government resorted to undesirable legislation - promulgation of Sales Tax (Amendment) Ordinance, 2014 through a Presidential Ordinance. It should have been placed before t
South Korean President Park Geun-Hye's claim that reunification with North Korea could trigger an economic "bonanza" has been greeted with widespread scepticism - though not necessarily within the legal profession. A recent series of landmark rulings in S
Delphi Automotive's name does not appear on the outside of the 2.6 million vehicles recalled by General Motors Co since February, but the company is getting drawn into a mounting wave of litigation for its role in producing the faulty ignition switch that
I want to draw the attention of concerned authorities towards the issue of lack of crisis management in Tharparkar. By watching the current situation of a drought-hit Tharparkar, one is impelled to conclude that government has shown irresponsible behaviou
The government has decided to allow Utility Stores Corporation (USC) to procure sugar directly from mills and withdraw subsidy of Rs 5 per kilogram at USC outlets, sources close to Secretary Industries and Production (MoI&P) told Business Recorder.
Iran has said five border guards kidnapped by militants are in good health, disputing a report that one of them had been killed. The guards were seized while patrolling the lawless frontier with Pakistan in early February. Jaish al-Adl (Army of Justice),
BR research recently sat down with Javed Ahmed. Ahmed is Managing Director and Chief Executive of Jubilee Life Insurance Company. He is a Fellow of the Society of Actuaries (USA) and has extensive experience of life and health insurance business.
BR research recently sat down with Javed Ahmed. Ahmed is Managing Director and Chief Executive of Jubilee Life Insurance Company. He is a Fellow of the Society of Actuaries (USA) and has extensive experience of life and health insurance business.
Lahore Development Authority (LDA) has invited applications from interested firms by April 22, for their pre-qualification for five major development projects in Lahore, Sheikhupura and Nankana Sahib.
The Supreme Court on Thursday disposed of a suo motu case regarding supply of cancer-diagnostic injections allegedly contaminated with undesirable radionuclides.
The State Bank of Pakistan (SBP) on Thursday issued instructions to Islamic banks and conventional banks dealing in Islamic banking to standardise Shariah practices of Islamic banking institutions (IBIs) regarding foreign bill discounting. In a communiqué
The Federal Government suspended all staff members of Okara Passport Office including Office in Charge Noushad Ahmed due to mismanagement and negligence and deputed new staff to save the public from hardships and mental stress. The action follows a surpri
President Balochistan National Party-Mengal (BNP-M) Sardar Akhtar Mengal called on Prime Minister Muhammad Nawaz Sharif, here on Thursday. According to sources, besides prevailing situation in Balochistan, political situation of the country also came unde
Pakistan's former High Commissioner to India Salman Bashir on Thursday seconded the government decision to delay the grant of Most Favoured Nation (MFN) status to India and predicted an uncertain scenario in case Narendra Modi of Bharatiya Janata Party (B
The Directorate General of Intelligence and Investigation Inland Revenue (IR) on Thursday arrested two high-profile executives of an international IT giant in Karachi, selling computer products and accessories on alleged involvement in tax evasion. Source
Giving proposals on judges' appointments in the superior courts, Chairman Judicial Activism Panel Mohammad Azhar Siddique emphasised a dire need for amending Articles 193 and 209 for determination of criteria for qualification and disqualification in line
Another polio case surfaced in Bannu on Thursday after which the toll mounted to 40, most of which belong to KP and Fata. National Institute of Health (NIH) sources said a young girl, Sumera, d/o Zahidullah, hailing from Bannu, was affected with polio vir
Jamaat-i-Islami Central Ameer Syed Munawar Hassan said peace could not be restored until the complete withdrawal of US-led troops from this region, saying that a peaceful and prosperous Afghanistan as a greater interest of Pakistan.
The Supreme Court Thursday issued a freeze order on the bank accounts of Defence Housing Authority (DHA) in twin cities of Rawalpindi and Islamabad for its failure to deposit Rs 22 billion with the Registrar's office in pursuance of court's earlier orders
The Supreme Court on Thursday restored Pakistan Tehreek-e-Insaf (PTI) Member of the National Assembly, Ghulam Sarwar Khan, who was elected from NA-53. A three-member bench of the apex court headed by Justice Anwar Zaheer Jamali was hearing the plea of Ghu
Jamaat-i-Islami (JI) leader Liaquat Baloch on Thursday announced that Milli Yakjehti Council would hold an international 'Alam-i-Itihad-e-Ummah Conference' on April 15. Speaking at a news conference, he said that some forces were trying to create sectaria
The Federal Board of Revenue (FBR) has withdrawn concessionary rate of customs duty on the import of BOPET film. In this connection, the FBR has amended SRO 565(I)/2006 through an SRO.221(I)/2014 issued here on Thursday. When contacted, sources said that
SAS, the leading provider of business analytics software and services, conducted a seminar in conjunction with New Horizon on Enterprise Risk Management & Fraud recently in Karachi. Speakers were Valery Ollivier Sales Director Risk Management for Mideast,