National Electric Power Regulatory Authority (Nepra) in order to help resolve the issues concerning K-Electric has decided to convene a meeting on July 14 at Karachi Chamber of Commerce and Industry (KCCI), it is learnt here on Monday.
Chief Minister Punjab Muhammad Shahbaz Sharif here on Monday held separate meetings with heads and representatives of government and autonomous companies and financial institutions of China. On this occasion, suggestions were finalised for various solar a
Federal Minister for Information and Broadcasting Pervaiz Rashid said on Monday that the government would encourage and support any proposal for electoral reforms in the country. Talking to media persons after attending the meeting of Senate Standing Comm
The Liquefied Petroleum Gas (LPG) marketing companies have increased the price of the commodity by Rs 15 per kg within a short span of time. All Pakistan LPG Distributors Association Chairman Irfan Khokar said the increase in LPG prices was unjustified as
Apropos Business Recorder editorial 'Modi gets a hostile reception in held Kashmir', one needs to appreciate the profundity of argument articulated by the newspaper. As pointed out by the newspaper, the day Modi arrived in Srinagar, police erected
Prime Minister Recep Tayyip Erdogan appears all but assured of winning upcoming Turkish presidential polls, but he could find himself in charge of a far more fragile economy than in the last decade of his rule. Analysts say the Turkish strongman is jeopar
The first secretary-general of Nato, Lord Ismay, once said the Western defence alliance was created "to keep the Americans in, the Russians out and the Germans down". The task facing the European Union now might be described as to keep the British in, the
Besides their negative effects, pressure from International Finance Institutions lending to Pakistan, has had one positive effect - eventual realisation by the government that Pakistan's tax-to-GDP ratio must improve; because this effort was delayed for t
At his 79th birthday celebrations, Dalai Lama, the spiritual leader of Tibetan Buddhists, used his moral authority to urge Myanmar and Sri Lankan Buddhists to stop violence against Muslims. Non-violence being central precept of the teachings of his faith,
A Business Recorder exclusive had revealed that the raise in Gas Infrastructure Development Cess (GIDC) would generate greater revenue from Sindh industry, particularly the textile sector that operates captive power plants as opposed to Punjab. The
Federal Minister for Kashmir Affairs & Gilgit-Baltistan Chaudhry Barjees Tahir has strongly condemned the firing along the Line of Control (LOC) by Indian troops in Abbaspur area of Rawlakot resulting in injuries to a citizen. In a statement here on Monda
Hamid Nawaz has been elected President Anjuman Rafah-e-Ammah a Community Based Organisation (CBO) working in Muslim Colony Jiamusa Shahdara Lahore. The CBO is running two dispensaries, a laboratory, a vocational school for girls and a library. It has also
KP Governor Sardar Mahtab Ahmad Khan has said that operation was last remaining option with the government. However, he said that efforts were being made to avoid civilian losses and make it a targeted to complete it in shortest possible time period and r
The hearing of the Nawab Akbar Khan Bugti murder case was adjourned on Monday till August 11 due to the judge of Anti Terrorism Court was on leave. According to details, the hearing of the Nawab Akbar Bugti murder case was not held as the judge of the Ant
MQM Chief Altaf Hussain has said that they had recorded a new history by organising a successful mass gathering in the holy month of Ramazan within a short notice. In a statement issued from London, Hussain appreciated his workers and supporters, includin
The Islamabad High Court (IHC) on Monday dismissed the intra-court appeal challenging the court's order to remove Managing Director (MD) PTV Muhammad Malick. The division bench headed by Chief Justice Anwar Kansi and comprising Justice Noorul Haq Qureshi
The Lahore High Court here on Monday expressed its concern over allegations of sexual harassment against Punjab University Vice Chancellor (VC) Dr Mujahid Kamran. It observed that the status of a teacher is highly respectable but the allegations against D
Interior Minister Chaudhry Nisar Ali Khan on Monday clarified that the agenda of his meeting with Prime Minister Nawaz Sharif and Chief Minister Punjab mainly focused on the prevailing national and political situation, adding that how it could be possible
A Shahnawaz group company, Shahtaj Textile Limited (KSE: STJT) was incorporated in 1990 and is listed on the Karachi and Lahore Stock Exchanges. Its production facilities are situated in the hub of textile industries near Lahore. The mills went into comme
Chinese iron ore futures dropped for a second straight session on Monday, reflecting a market still struggling with a supply glut as a recent bout of restocking by steel producers may have ended. Stocks of imported iron ore at China's ports hit a new reco
The flowers that will become the cocoa harvested for next season's main crop have begun to appear in Ivory Coast's main cocoa growing regions as heavy rains continued to fall last week, farmers and analysts said on Monday. The April-to-September mid-crop
European physical coal prices for delivery in August fell along with weakening oil and gas markets on Monday and the drop was further supported by a trading house selling down its stock, traders said. Cargoes for delivery in August to Amsterdam, Rotterdam
Strategie Grains has increased its outlook for this year's rapeseed harvest in the European Union to a record level reflecting favourable weather. In its monthly oilseed report, the analyst added 700,000 tonnes to its forecast to bring it to 22.5 million
Spot cash basis bids for hard red winter wheat in the US Plains were steady on Monday in a quiet market, merchants said. Supplies were ample to meet needs, said a Kansas grain dealer. Protein premiums for railcar wheat to and through Kansas City were unch
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 851 million. Number of lots traded was 3,486 and PMEX Commodity Index closed at 3,063. Major business was contributed by gold amounting to PKR 548 million, followed by crude
Upward trend was witnessed on the wholesale grain market on Monday in the process of modest trading, dealers said. On the cereals side, Moong Punjab was sharply higher by Rs 1250 to Rs 11250 and wheat New Bardan gained Rs 60 to Rs 3360, other commodities
Turkey's state grain agency TMO has issued an international tender to purchase and import up to 235,000 tonnes of milling wheat and 200,000 tonnes of animal feed barley, European traders said on Monday. The tender sought optional origin and closes on July
The Asian naphtha crack was mostly flat at $149.33 a tonne on Monday but nearly 11 percent higher than a month ago due to tight prompt supply and good demand. Malaysia-based Titan likely bought naphtha for August 21-25 delivery to Pasir Gudang last week,
Morocco's state grains agency ONICL has launched a tender to buy 170,000 tonnes of soft wheat from the local market, it said in a statement on Monday. It is the second tender since the end of the import campaign which ran from January 1 to April 30, when
Prices dropped modestly on the cotton market on Monday in the process of improved activity, dealers said. The official spot rate was lower by Rs 50 to Rs 6,300, they added. While, the prices of seed cotton from Sindh at Rs 3300 and Rs 3350, and in the Pun
Both the futures maintained upward trend on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The July contract closed at Rs 1858.50 and it opened with 30 paisa gained at Rs 1858.80 in the early session, they said.
European wheat futures slipped to a five-month low on Monday as the US market tumbled on favourable crop indications and a big harvest loomed in Europe. Forecasts for substantial rainfall in western Europe in the week ahead were raising the risk of damage
A rise in Russian wheat prices stalled last week as harvesting gathered pace, slightly easing concerns over wheat quality, which was still mixed, analysts and a trader said on Monday. Rains in Russia, a major global wheat exporter, delayed a harvesting ca
Former World Bank economist Ashraf Ghani won Afghanistan's presidential election, according to preliminary results Monday, but his poll rival Abdullah Abdullah rejected the outcome as "a coup against the will of the people". Fraud allegations immediately
Former World Bank economist Ashraf Ghani won Afghanistan's presidential election, according to preliminary results Monday, but his poll rival Abdullah Abdullah rejected the outcome as "a coup against the will of the people". Fraud allegations immediately
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
Chief of the Army Staff General Raheel Sharif on Monday visited troops on the frontlines in North Waziristan Agency (NWA). He was given detailed briefing by the General Officer Commanding on the on-going Operation Zarb-e-Azb. Talking to valiant troops in
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
Chief of the Army Staff General Raheel Sharif on Monday visited troops on the frontlines in North Waziristan Agency (NWA). He was given detailed briefing by the General Officer Commanding on the on-going Operation Zarb-e-Azb. Talking to valiant troops in
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
International Monetary Fund (IMF) highlighted in its report after the conclusion of the third review under $6.64 billion Extended Fund Facility (EFF) for the Executive Board consideration that the challenging security situation is among the key downside r
International Monetary Fund (IMF) highlighted in its report after the conclusion of the third review under $6.64 billion Extended Fund Facility (EFF) for the Executive Board consideration that the challenging security situation is among the key downside r
International Monetary Fund (IMF) highlighted in its report after the conclusion of the third review under $6.64 billion Extended Fund Facility (EFF) for the Executive Board consideration that the challenging security situation is among the key downside r
Karachi Stock Exchange witnessed a bearish trend Monday as concerns for new taxes on investors mounted in the absence of any fresh triggers. The benchmark KSE-100 index shed 91 points to close at 29,529 points. Samar Iqbal, AVP at Topline Securities, said
Karachi Stock Exchange witnessed a bearish trend Monday as concerns for new taxes on investors mounted in the absence of any fresh triggers. The benchmark KSE-100 index shed 91 points to close at 29,529 points. Samar Iqbal, AVP at Topline Securities, said
Karachi Stock Exchange witnessed a bearish trend Monday as concerns for new taxes on investors mounted in the absence of any fresh triggers. The benchmark KSE-100 index shed 91 points to close at 29,529 points. Samar Iqbal, AVP at Topline Securities, said
On Monday, BRIndex30 opened at 16,709.15. It touched an intraday high of 16,784.01 and an intraday low of 16,680.04 and closed at 16,693.66, which was -15.49 points or -0.09 percent lower than previous close. Total volume was 49,433,600, which was 63.95 p
On Monday, BRIndex30 opened at 16,709.15. It touched an intraday high of 16,784.01 and an intraday low of 16,680.04 and closed at 16,693.66, which was -15.49 points or -0.09 percent lower than previous close. Total volume was 49,433,600, which was 63.95 p
International Monetary Fund (IMF) has expressed concern about recent appreciation of normal exchange rate and stressed on a more flexible exchange which will help State Bank of Pakistan (SBP) to better reach its reserves objectives and boost competitivene
International Monetary Fund (IMF) has expressed concern about recent appreciation of normal exchange rate and stressed on a more flexible exchange which will help State Bank of Pakistan (SBP) to better reach its reserves objectives and boost competitivene
International Monetary Fund (IMF) has expressed concern about recent appreciation of normal exchange rate and stressed on a more flexible exchange which will help State Bank of Pakistan (SBP) to better reach its reserves objectives and boost competitivene
The International Monetary Fund (IMF) has proposed four new structural benchmarks including steps to be taken to improve the State Bank of Pakistan's (SBP) internal operations by re-establishing an advisory monetary policy committee to advise the Board on
The International Monetary Fund (IMF) has proposed four new structural benchmarks including steps to be taken to improve the State Bank of Pakistan's (SBP) internal operations by re-establishing an advisory monetary policy committee to advise the Board on
The International Monetary Fund (IMF) has proposed four new structural benchmarks including steps to be taken to improve the State Bank of Pakistan''s (SBP) internal operations by re-establishing an advisory monetary policy committee to advise the Board o
International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
India's Supreme Court Monday rejected a petition seeking to ban Shariah courts, but stressed that they had no legal powers over Muslims and their decisions could not be enforced. India's 150 million Muslims follow their own laws governing family life and
India's Supreme Court Monday rejected a petition seeking to ban Shariah courts, but stressed that they had no legal powers over Muslims and their decisions could not be enforced. India's 150 million Muslims follow their own laws governing family life and
Finance Minister Ishaq Dar on Monday chaired a meeting of the committee, formed by the Prime Minister, to resolve long-standing trade issues between Pakistan and Russia. Chairman Board of Investment (BoI) Miftah Ismail informed the committee that the part