Peshawar High Court on Monday announced its decision regarding court's jurisdiction in FATA, declaring that FATA does not come under court's jurisdiction. A five-member larger bench of Peshawar High court sent a reference regarding Fata's status to parlia
A roadside bomb killed 13 civilians travelling in a pick-up truck in a volatile district of southern Afghanistan on Monday, officials said, in the first major incident since elections two days ago. Taliban militants had vowed to target voters, candidates
A roadside bomb killed 13 civilians travelling in a pick-up truck in a volatile district of southern Afghanistan on Monday, officials said, in the first major incident since elections two days ago. Taliban militants had vowed to target voters, candidates
The Federal Government in terms of the Banks (Nationalisation) Act, 1974 has appointed Tahira Raza as President, First Women Bank Limited with immediate effect for a term of three (03) years. Prior to her appointment as the President of the FWBL, Ms Raza
The Federal Government in terms of the Banks (Nationalisation) Act, 1974 has appointed Tahira Raza as President, First Women Bank Limited with immediate effect for a term of three (03) years. Prior to her appointment as the President of the FWBL, Ms Raza
The Federal Government in terms of the Banks (Nationalisation) Act, 1974 has appointed Tahira Raza as President, First Women Bank Limited with immediate effect for a term of three (03) years. Prior to her appointment as the President of the FWBL, Ms Raza
Iran's official news agency is reporting that Pakistani naval vessels have arrived at the southern Iranian port of Bandar Abbas for an upcoming naval manoeuvre. The report Sunday by IRNA quoted Iranian Rear Adm. Shahram Irani as saying the fleet will have
An anti-terrorism court (ATC) in Quetta on Monday ordered former military ruler General Pervez Musharraf (Retd) to appear before it on April 21 in Nawab Akbar Bugti case. ATC Quetta 1 Judge Tariq Ahmed Kasi directed the former military dictator to appear
Iran's official news agency is reporting that Pakistani naval vessels have arrived at the southern Iranian port of Bandar Abbas for an upcoming naval manoeuvre. The report Sunday by IRNA quoted Iranian Rear Adm. Shahram Irani as saying the fleet will have
The Federal Board of Revenue (FBR) is planning to restrict taxpayers to get their accounts audited by professional accountant firms for e-filing of income tax returns, it is learnt on Monday. According to sources in the FBR, the Board was striving to inse
The Federal Board of Revenue (FBR) is planning to restrict taxpayers to get their accounts audited by professional accountant firms for e-filing of income tax returns, it is learnt on Monday. According to sources in the FBR, the Board was striving to inse
The Federal Board of Revenue (FBR) is planning to restrict taxpayers to get their accounts audited by professional accountant firms for e-filing of income tax returns, it is learnt on Monday. According to sources in the FBR, the Board was striving to inse
The Federal Board of Revenue will make public details of annual income and tax paid by all 0.85 million taxpayers in a Tax Directory to be published by April 15, 2014. Sources told Business Recorder here on Monday that the FBR has finalised the tax
The Federal Board of Revenue will make public details of annual income and tax paid by all 0.85 million taxpayers in a Tax Directory to be published by April 15, 2014. Sources told Business Recorder here on Monday that the FBR has finalised the tax
The Federal Board of Revenue will make public details of annual income and tax paid by all 0.85 million taxpayers in a Tax Directory to be published by April 15, 2014. Sources told Business Recorder here on Monday that the FBR has finalised the tax
Indians began voting Monday in the world's biggest election, which is set to sweep the Hindu nationalist opposition to power at a time of low growth, anger over corruption and warnings about religious unrest. The 814-million-strong electorate is forecast
India's third-biggest drugs company Sun Pharma announced Monday a $3.2-billion deal to buy larger domestic rival Ranbaxy from Daiichi Sankyo, ending the Japanese company's costly run as owner. Despite Ranbaxy's huge US safety regulatory problems, Sun Phar
France's new finance minister travelled to Berlin Monday to defend budget plans to his German counterpart who was upbeat about Paris' efforts to tackle its budget deficit and spur growth. Wolfgang Schaeuble, Germany's veteran finance minister, struck a co
Opec member Kuwait will invite bids for a new multi-billion-dollar oil refinery next month as part of a drive to modernise the key sector, a top executive said on Monday. "We will invite bids for the new refinery project in May," CEO of national conglomer
The finances of Britain's households are likely to look a lot healthier later this year, but not because wages are about to jump. Instead, it will be due to changes in the way national statistics are compiled. Britain's savings ratio - the amount put away
Italy will set new targets for the economy and public finances on Tuesday when the cabinet approves a multi-year plan for presentation to the European Commission, the prime minister's office said. Premier Matteo Renzi said last week that the Financial and
China is going to avoid going down the "familiar path" of resorting to large stimulus measures for the economy, and there is no sign of a shift in monetary and fiscal policy, state news agency Xinhua wrote in a commentary on Monday. Flagging growth has un
Specialty pharmaceuticals company Mallinckrodt Plc will buy drugmaker Questcor Pharmaceuticals Inc for about $5.6 billion to gain access to its lucrative drug to treat multiple sclerosis, Acthar Gel. This acquisition, Mallinckrodt's second in less than tw
Atlas Mara, an investment company backed by former Barclays boss Bob Diamond, said it planned to buy a controlling stake in state-run Development Bank of Rwanda to build a regional financial services firm. Rwanda, which wants to become a hub for finance i
Atlas Mara, an investment company backed by former Barclays boss Bob Diamond, said it planned to buy a controlling stake in state-run Development Bank of Rwanda to build a regional financial services firm. Rwanda, which wants to become a hub for finance i
Growing investment in Africa's natural resources and rising household spending will accelerate economic growth in Sub-Saharan Africa to 5.2 percent in 2014 from 4.7 percent last year, the World Bank said on Monday. New oil and gas discoveries in countries
Chicago wheat futures rose on Monday in a technical bounce from a three-week low, with the market awaiting crop ratings data to assess the condition of winter wheat in parched US growing belts. Chicago Board of Trade May wheat futures lost 3.7 percent las
The Karachi Port handled 149,979 tonnes of cargo comprising 87,168 tonnes of import cargo and 62,811 tonnes of export cargo including 3,545 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 87,1
Russia's wheat export price growth will stall soon due to healthy new harvest prospects and a drop in global prices of the grain, agricultural consultancy SovEcon said in a note. Russian wheat prices have added 9 percent in dollar terms since the start of
Zinc prices in China are expected to rise in the second quarter after dipping 3 percent in the first three-months of the year, as railway projects boost consumption and investment demand stays strong, industry sources said. Firm demand should spur further
Bangladesh has increased regulatory duty on imports of raw and refined sugar and on tea to discourage overseas buying amid a drop in local prices due to ample supplies, a senior tax official said on Monday. The duties on imports of raw sugar will now be 2
Analyst Strategie Grains raised its monthly forecast for this year's rapeseed harvest in the European Union, mainly due to an upward revision to expected production in Romania. Rapeseed production in the 28-country EU is now expected to reach 21.55 millio
Pakistan Mercantile Exchange (PMEX) witnessed an increase of 27 percent in the value traded on Monday. Total value increased to PKR 4,252 million from PKR 3,345 million on Friday. The number of lots traded increased to 17,936 from 13,010. PMEX Commodity I
A few changes were seen on the wholesale grain market on Monday as most of the commodity items held the weekend levels due to steady arrivals, dealers said. On the cereals side, Moong Punjab lost Rs 250 to Rs 11875 and Moong Peshawar also followed the sam
Coffee prices in India displayed a mix trend at an auction last week, weighed by overseas markets and supported by export demand. Arabica Coffee in New York for May delivery was lower by 3.30 cents per pound. Robusta coffee in London for May was lower by
Cocoa arrivals at ports in top grower Ivory Coast reached around 1,179,000 tonnes by April 6, since the start of the season on October 2, exporters estimated on Monday, up from 1,087,000 tonnes in the same period of the previous season. Around 7,000 tonne
Asia's gasoline crack jumped 17.16 percent to reach at 8-1/2 months high of $10.31 a barrel on Monday, supported by 10 deals totalling 500,000 barrels in the Singapore cash window, the highest number of trades in a single session in about a year.
The European Union this week granted export licences for 596,000 tonnes of soft wheat, taking the total since the beginning of the 2013/2014 (July-June) season to 23.3 million tonnes, official data showed on Thursday. The EU had already surpassed last wee
Small trading was seen on the cotton market on Monday in the absences of leading buyers, dealers said. The official spot rate was unchanged at Rs 6,550, they added. Prices of seed cotton in Sindh and Punjab per 40 kg were unchanged at Rs 2800 and Rs 3100,
The May vaida was higher and the July contract was unchanged on the forward cottonseeds oilcake market on Monday in process of trading, dealers said. The May contract closed at Rs 1306.30 and it opened at Rs 1306.80, showing 50 paisa gain during the sessi
Russia, one of the world's top wheat exporters, may increase grain exports over the next marketing year, partially due to crops in the Crimea region, the head of Russia's Grain Union, Arkady Zlochevsky, said on Monday. Russia's decision to annex Ukraine's
India's oilmeal exports dropped by a tenth to 4.33 million tonnes in 2013/14, falling for a second straight year as high prices of its soyameal curbed Southeast Asian demand for the animal feed, a leading trade body said on Monday. Overseas soyameal sales
India's tea production in February jumped 10.4 percent from a year earlier to 15.30 million kg due to higher plucking in the southern state of Tamil Nadu, the state-run Tea Board said. Production in Tamil Nadu rose 15.5 percent from a year earlier to 10.1
ICE Canadian canola futures were higher on Monday on light technical buying and worries about potential planting delays in the Prairies after a harsh winter, traders said. May canola was up $2.40 at $456.60 per tonne at 8:46 am CDT (1346 GMT), on volume o
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
Chief of Army Staff (CoAS) General Raheel Sahrif said on Monday "Pakistan Army never has and never will shy away from rendering any sacrifice in ensuring a formidable defence and security of the motherland." He made these remarks while speaking to SSG off
Chief of Army Staff (CoAS) General Raheel Sahrif said on Monday "Pakistan Army never has and never will shy away from rendering any sacrifice in ensuring a formidable defence and security of the motherland." He made these remarks while speaking to SSG off
The Islamic Republic of Pakistan, rated Caa1 by Moody's and B- by Standard & Poor's, has announced its intention to issue US dollar denominated bonds with five and 10-year tenors, according to a source. Both bonds, which will be issued under a 144a/Reg S
The Islamic Republic of Pakistan, rated Caa1 by Moody's and B- by Standard & Poor's, has announced its intention to issue US dollar denominated bonds with five and 10-year tenors, according to a source. Both bonds, which will be issued under a 144a/Reg S
The Islamic Republic of Pakistan, rated Caa1 by Moody''s and B- by Standard & Poor''s, has announced its intention to issue US dollar denominated bonds with five and 10-year tenors, according to a source. Both bonds, which will be issued under a 144a/Reg
The Islamic Republic of Pakistan, rated Caa1 by Moody''''s and B- by Standard & Poor''''s, has announced its intention to issue US dollar denominated bonds with five and 10-year tenors, according to a source. Both bonds, which will be issued under a 144a/
Fauji Oil Terminal and Distribution Company Limited (FOTCO) has requested Oil and Gas Regulatory Authority (OGRA) to withhold the issuance of construction licence till M/s Elengy Terminal Pakistan Limited (ETPL) completes and submits the satisfactory resu
Fauji Oil Terminal and Distribution Company Limited (FOTCO) has requested Oil and Gas Regulatory Authority (OGRA) to withhold the issuance of construction licence till M/s Elengy Terminal Pakistan Limited (ETPL) completes and submits the satisfactory resu
Fauji Oil Terminal and Distribution Company Limited (FOTCO) has requested Oil and Gas Regulatory Authority (OGRA) to withhold the issuance of construction licence till M/s Elengy Terminal Pakistan Limited (ETPL) completes and submits the satisfactory resu
The Cabinet in the upcoming meeting is to approve the contract of Liquefied Natural Gas (LNG) terminal construction to be used for imported LNG, Abid Saeed, Federal Secretary Ministry of Petroleum and Natural Resources has said. While briefing the Senate
The Cabinet in the upcoming meeting is to approve the contract of Liquefied Natural Gas (LNG) terminal construction to be used for imported LNG, Abid Saeed, Federal Secretary Ministry of Petroleum and Natural Resources has said. While briefing the Senate
The Cabinet in the upcoming meeting is to approve the contract of Liquefied Natural Gas (LNG) terminal construction to be used for imported LNG, Abid Saeed, Federal Secretary Ministry of Petroleum and Natural Resources has said. While briefing the Senate
The United States is sending a guided missile destroyer to the Black Sea in order to reassure European allies in the region following Russia's annexation of Crimea, sources confirmed on Monday. "We have decided to send a ship into the Black Sea. We expect