In absence of opposition benches, the Punjab Assembly on Monday passed a resolution to express solidarity with the armed forces. Punjab Law Minister Rana Sanaullah tabled a resolution that stated that this House expresses complete solidarity with the arme
In absence of opposition benches, the Punjab Assembly on Monday passed a resolution to express solidarity with the armed forces. Punjab Law Minister Rana Sanaullah tabled a resolution that stated that this House expresses complete solidarity with the arme
India's Sonia and Rahul Gandhi offered to resign Monday after leading the once-dominant Congress party to its worst-ever election defeat last week, only for colleagues to insist the dynasty stay in place. Congress won just 44 seats in the parliamentary el
India's Sonia and Rahul Gandhi offered to resign Monday after leading the once-dominant Congress party to its worst-ever election defeat last week, only for colleagues to insist the dynasty stay in place. Congress won just 44 seats in the parliamentary el
The election of Hindu nationalist Narendra Modi has sent shivers through many among India's 150-million strong Muslim community, but neighbouring Pakistan is cautiously hopeful for a thaw in long-fraught ties. Prime Minister Nawaz Sharif, who is himself a
The election of Hindu nationalist Narendra Modi has sent shivers through many among India's 150-million strong Muslim community, but neighbouring Pakistan is cautiously hopeful for a thaw in long-fraught ties. Prime Minister Nawaz Sharif, who is himself a
The country''s total external debt servicing crossed $5 billion mark, up by 30 percent, during the first nine months of current fiscal year 2013-14 (FY14), owing to massive repayments to the International Monetary Fund (IMF). Economists said the higher ex
The country's total external debt servicing crossed $5 billion mark, up by 30 percent, during the first nine months of current fiscal year 2013-14 (FY14), owing to massive repayments to the International Monetary Fund (IMF). Economists said the higher ext
The country's total external debt servicing crossed $5 billion mark, up by 30 percent, during the first nine months of current fiscal year 2013-14 (FY14), owing to massive repayments to the International Monetary Fund (IMF). Economists said the higher ext
The federal Cabinet was informed that fiscal deficit for the current fiscal year has been revised downward to 5.7 percent from the budgeted 6.3 percent, largely because of a significantly less than budgeted development spending by federal and provincial g
The federal Cabinet was informed that fiscal deficit for the current fiscal year has been revised downward to 5.7 percent from the budgeted 6.3 percent, largely because of a significantly less than budgeted development spending by federal and provincial g
The federal Cabinet was informed that fiscal deficit for the current fiscal year has been revised downward to 5.7 percent from the budgeted 6.3 percent, largely because of a significantly less than budgeted development spending by federal and provincial g
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
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
Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to MRI Trading in May at a premium of $1.15 a barrel to Singapore quotes on a free-on-board (FOB) basis, the highest price in more than a year and sharply up from a previous sale. Five f
Thai gold imports look set to stay weak after plunging to a fifth of last year's levels, with investors shying away from the metal amid prolonged political upheaval in the country. Higher imports in 2013, when a sharp fall in gold prices prompted many con
Chicago wheat dropped to a five-week low on Monday with improving weather in the drought-hit US Plains and prospects of plentiful global supplies dragging on prices. Corn slid to its lowest since March 11 due to expectations for good progress on planting
An upward trend was seen on the forward cottonseeds oilcake market on Monday in process of trading, dealers said. The May contract closed at Rs 1751.80 and it commenced with 70 paisa rise at Rs 1752.50 in the morning session, the July vaida ended at Rs 18
Sustained buying from millers and exporters boosted the rates on the cotton market on Monday, dealers said. The official spot rate maintained week-end trend, showing further gain of Rs 50 to Rs 6,850, they added. In the ready session, 2,000 bales of cotto
Spot basis bids for hard red winter wheat were steady in the southern US Plains on Monday as harvest approached, dealers said. Protein premiums for railcar wheat to and through Kansas City rose 5 cents a bushel for 11.80- through 12.80 percent protein whe
Erratic weather triggered by the El Nino weather phenomenon could cut rubber output in Indonesia, the second-largest producer, by around 3 percent to 3 million tonnes this year, a senior industry official said. "Output may fall by 100,000 tonnes this year
Turkey's state grain board TMO has issued an import tender to buy up to 190,000 tonnes of milling wheat and up to 100,000 tonnes of feed barley, European traders said on Monday, as the country faces the risk of a drought-reduced local harvest. Turkey is a
Prices moved both ways on the wholesale grain market on Monday in process of modest trading, dealers said. On the cereals side, Guwar Sindh and Punjab were down by Rs 100 to Rs 5400 and Rs 5600, other commodity items were unchanged during the trading, the
On Monday at Pakistan Mercantile Exchange (PMEX) the value traded was reported at PKR 2,987 million. Number of lots traded were registered at 13,809 and PMEX Commodity Index closed at 3,024. Major business was contributed by gold amounting to PKR 1,496 mi
The French farm ministry estimates the country's grain maize area will be 1.67 million hectares this year, down 5.5 percent on 2013, as good conditions for winter crops left less room for spring sowing. However, this year's grain maize area will still be
Coffee prices in India fell at a weekly auction on weak overseas leads, and lower export demand. Coffee prices, both in New York and London, were on a downward trend over the last one week. Arabica Coffee at New York spot May was lower by 17.65 cents per
Iron ore futures in China and Singapore slumped to their lowest ever on Monday, pressured by rising supply and a weaker Chinese steel market that have pulled down spot prices to their cheapest since September 2012. With prices down 25 percent this year, a
Abundant and regular rains last week in Ivory Coast's cocoa growing regions raised concerns of crop damage, although conditions were good for the development of the mid-crop elsewhere, farmers said on Monday. The marketing season for the April-to-Septembe
Corn spot basis bids were steady at elevators and processors in the US Midwest on Monday in quiet trade as farmers waited for drier field conditions, grain merchants said. Wet fields in the Eastern Corn Belt kept most farmers from resuming planting activi
US natural gas futures rose almost 2 percent on Monday despite moderate weather forecasts, as traders covered shorts after the market lost more than 5 percent over the past two weeks on stronger-than-normal storage builds and record production forecasts.
Russian new crop wheat prices fell $5 per tonne last week, with supplies from Ukraine unaffected by its crisis and on expectations the new harvest will be helped by good weather, the Institute for Agricultural Market Studies (IKAR) said. Russian wheat pri
The Karachi Port handled 96,555 tonnes of cargo comprising 96,281 tonnes of import cargo and 274 tonnes of export cargo including 1,517 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 96,281 t
The Asian naphtha price spread between first-half July and first-half August cargoes narrowed to $14 a tonne, the lowest level since March 20, Thomson Reuters data showed. The H1 July/H1 August spread was down $2 a tonne from Friday. Demand for naphtha ma
The value of coffee sold at Kenya's auction jumped 24 percent to $83.5 million in the half-year to March, driven by improved global prices and better quality crop, a senior official said on Monday. The east Africa nation, whose high-quality beans are soug
Bank of England governor Mark Carney has backed a plan by Britain's biggest banks to set up a new body to improve standards in an industry rocked by a string of scandals. The Banking Standards Review Council (BSRC), funded by but independent from the bank
US and European negotiators opened a new round of talks on creating a transatlantic free trade zone Monday amid rising political and public resistance to the deal on both sides. The fifth round of negotiations on the Transatlantic Trade and Investment Par
Deutsche Bank is turning to the Qatari royal family in a bid to raise 8.0 billion euros ($11 billion) in fresh funding and assuage fears over its capital strength. Germany's biggest lender unveiled late Sunday plans to implement the second-biggest capital
Deutsche Bank is turning to the Qatari royal family in a bid to raise 8.0 billion euros ($11 billion) in fresh funding and assuage fears over its capital strength. Germany's biggest lender unveiled late Sunday plans to implement the second-biggest capital
Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer , undermining the US drugmaker's plan for a merger to create the world's biggest pharmaceuticals group. The rebuff came nine hours after Pfizer said on Sunday it had raised
Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer , undermining the US drugmaker's plan for a merger to create the world's biggest pharmaceuticals group. The rebuff came nine hours after Pfizer said on Sunday it had raised
Japanese businesses raised orders for machinery by the most ever in March and expect to book more orders this quarter, another sign that capital investment may buffer the economy from the pain of last month's sales tax hike. Haunted by a stumble in the ec
Commodities revenue at the top 10 investment banks climbed 26 percent in the January-March period, the first gain in first-quarter turnover since 2011, due to higher US power and gas turnover plus stronger investor interest, a consultancy said. Revenue fr
Commodities revenue at the top 10 investment banks climbed 26 percent in the January-March period, the first gain in first-quarter turnover since 2011, due to higher US power and gas turnover plus stronger investor interest, a consultancy said. Revenue fr
European Union member states are only slowly increasing overseas aid and need to nearly double their efforts if they are to hit their 2015 target, a report said on Monday. A report on 2013 Official Development Assistance (ODA) prepared for the 28 member n
European Union member states are only slowly increasing overseas aid and need to nearly double their efforts if they are to hit their 2015 target, a report said on Monday. A report on 2013 Official Development Assistance (ODA) prepared for the 28 member n
The world luxury market has reached a "maturity and stabilisation" phase with growth of around 2 percent expected this year - around the same level as in 2013. The study by the US consultancy Bain&Company and the Fondazione Altagamma, which said in a stat
The European Central Bank issued another signal Monday that it is preparing further moves to avert the risk of deflation in the 18 countries that share the euro. A leading member of the ECB's executive board, Yves Mersch, said that the likelihood of furth
Most Western banks are shunning Russia's syndicated loan market as a result of the Ukraine crisis and could stay away for a year or more, despite the potential loss of more than $45 billion in business. Fears over the impact of current and threatened futu
Dubai's index makes its one-day decline in eight months on Monday and technical indicators suggest it will fall further, while most other Middle East markets also retreated. Dubai fell 5.5 percent to 4,856 points, its lowest close in a month and biggest o
Australian shares fell 1.3 percent on Monday, pulled down by blue-chip banking and mining stocks in muted trade as iron ore and Chinese steel futures slumped, while UGL dropped after receiving only one bid for its real estate arm. The S&P/ASX 200 index lo
Indian shares hit a record closing high on Monday as investors continued to switch to stocks with a domestic focus, such as NTPC, on hopes the new government to be led by Narendra Modi would spur major economic reforms. However, broader gains were capped
US stocks mostly advanced on Monday as investors exercised caution over valuations after a run of mixed economic data, but another drop in bond yields helped support equities. US-listed shares of AstraZeneca tumbled 11.1 percent to $71.39. The British dru
Taiwan stocks were flat in early morning trade on Monday, largely in line with other regional bourses as investors await word from global central banks on future economic policy. As of 0150 GMT, the main TAIEX index rose 2.03 points to 8,886.42, after clo
Malaysian shares hit a record high on Monday, helped by foreign inflows after the country's economic growth came in above expectations in the first quarter, but Indonesia retreated due to a surprise political move by the country's second largest party. Ma
Tokyo stocks fell 0.64 percent Monday as the stronger yen held back exporter shares, after the market initially rose on a Wall Street rally and upbeat Japanese machinery orders. The benchmark Nikkei 225 index lost 90.15 points to finish at 14,006.44, whil
Hong Kong shares ended marginally lower on Monday despite a positive lead from Wall Street, as investors followed a sell-off in China while awaiting key manufacturing data later in the week. The benchmark Hang Seng Index slipped 0.04 percent, or 8.41 poin
European equities slipped on Monday, pulled down by pharmaceuticals group AstraZeneca , which slumped after rejecting a bid from Pfizer , and by Deutsche Bank's capital increase. The pan-European FTSEurofirst 300 index, which last week hit a 6-year high o
Sri Lanka stocks edged up on Monday to their highest close in more than 11 months ahead of the central bank's monetary policy announcement, led by telecoms and financials, while foreign buying boosted sentiment. The main stock index edged up 0.06 percent,