Prime Minister Nawaz Sharif on Tuesday held a consultative meeting with key party leaders and cabinet members to discuss the prevailing political situation in the country especially in view of August 14 'long march' announced by Pakistan Tehrik-e-Insaaf (
Expressing his surprise and dismay over the continued foot-dragging by the government on a vote recount demand of PTI, former President Asif Ali Zardari said that people had voted Nawaz Sharif to power, but they had not elected him to act like a 'Monarch'
Expressing his surprise and dismay over the continued foot-dragging by the government on a vote recount demand of PTI, former President Asif Ali Zardari said that people had voted Nawaz Sharif to power, but they had not elected him to act like a 'Monarch'
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday demanded a thorough audit of the entire results of the May 11, 2013 general elections, saying that the time to meet his demand to verify the votes of four constituencies was over. Speaking at a
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday demanded a thorough audit of the entire results of the May 11, 2013 general elections, saying that the time to meet his demand to verify the votes of four constituencies was over. Speaking at a
Prime Minister Nawaz Sharif on Tuesday expressed his disappointment and unhappiness over the performance of Ministry of Water and Power with regard to the current electricity loadshedding. Prime Minister has summoned the entire team of Water and Power Min
Prime Minister Nawaz Sharif on Tuesday expressed his disappointment and unhappiness over the performance of Ministry of Water and Power with regard to the current electricity loadshedding. Prime Minister has summoned the entire team of Water and Power Min
Prime Minister Nawaz Sharif on Tuesday expressed his disappointment and unhappiness over the performance of Ministry of Water and Power with regard to the current electricity loadshedding. Prime Minister has summoned the entire team of Water and Power Min
Prime Min-ister Nawaz Sharif has once again urged people to scale down their expectations as the government cannot fix the problem of loadshedding in six months or even in one year, and it may take nearly five years. "We will try in our five-year term to
Prime Min-ister Nawaz Sharif has once again urged people to scale down their expectations as the government cannot fix the problem of loadshedding in six months or even in one year, and it may take nearly five years. "We will try in our five-year term to
Prime Min-ister Nawaz Sharif has once again urged people to scale down their expectations as the government cannot fix the problem of loadshedding in six months or even in one year, and it may take nearly five years. "We will try in our five-year term to
The military has captured a high-ranking Taliban commander who once tried to blow up former president Pervez Musharraf and later escaped jail with hundreds of other prisoners, security officials said on Tuesday. Adnan Rashid was captured on Friday in a ho
The military has captured a high-ranking Taliban commander who once tried to blow up former president Pervez Musharraf and later escaped jail with hundreds of other prisoners, security officials said on Tuesday. Adnan Rashid was captured on Friday in a ho
A car packed with explosives exploded on Tuesday as it sped through a crowded market in Afghanistan's eastern province of Paktika, killing at least 89 people, officials said, one of the most violent attacks in the country in a year. The huge explosion too
A car packed with explosives exploded on Tuesday as it sped through a crowded market in Afghanistan's eastern province of Paktika, killing at least 89 people, officials said, one of the most violent attacks in the country in a year. The huge explosion too
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
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.889 billion. Number of lots traded was 15,199 and PMEX Commodity Index closed at 3,073. Major business was contributed by gold amounting to PKR 1.596 billion-up 17 percen
A slight recovery in Vietnamese coffee prices from a fall late last week failed to boost trading as buying-demand was thin while stocks held at trading firms were high, traders said on Tuesday. Vietnam, the world's largest robusta coffee producer, will st
Russian wheat was offered lowest at $308.58 a tonne c&f free out (ciffo) in the tender from Iraq's state grains board to buy at least 50,000 tonnes of hard wheat which closed this week, European traders said on Tuesday. The tender sought hard wheat from t
The top price of the benchmark Kenyan coffee grade was unchanged at $340 per 50 kg bag at this week's auction from the level at the last sale held on June 17, the Nairobi Coffee Exchange said on Tuesday. Kenya is a relatively small producer of coffee, but
US FOB Gulf corn and soyabean basis offers were mostly steady on Monday, with importers cautious about committing to fresh sales after a violent move in prices, traders said. Importers were reluctant to be too aggressive in booking purchases after grain f
India's vegetable oil imports fell 6.7 percent in June from a year earlier as buyers held off from purchases in the hope that prices would drop further, a top trade body said on Tuesday. But the world's biggest importer of the cooking oil is on course to
The Karachi Port handled 93,926 tonnes of cargo comprising 62,483 tonnes of import cargo and 31,443 tonnes of export cargo including 5,745 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 62,4
Both the deliveries unchanged on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The July contract closed at Rs 1858.80 and it opened with no change in the early session, they said. The July vaida ended at Rs 149
Mills and exporters continued buying to meet their urgent needs, dealers said on the cotton market on Tuesday. The official spot rate was firm at Rs 6,000, they added. The prices of seed cotton in Sindh were at Rs 3300-3325 and in Punjab rates were at Rs
Stable trend was seen on the wholesale grain market on Tuesday as most of the participants were on the sidelines due to less buying interest, dealers said.
Tea prices in Bangladesh extended gains at the weekly auction on Tuesday due to robust demand from local buyers for quality leaf, despite larger supplies and sales volume also rose. Bangladeshi tea fetched an average of 190.35 taka ($2.4) per kg at the au
Dimitris Pikrodimitris took out a mortgage four years ago when he was drawing an annual income of 27,000 euros ($36,720). But the economy quickly sank into a debt crisis, forcing Greeks to tighten their belts and driving the insurance agent's wages down t
Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain's third largest, should fight accusations it deceived and defrauded customers in the United States. If Jenkins accepts the a
The EU said Monday it wanted tighter rules to regulate the fast developing online gambling industry in an effort to better protect minors and coordinate a huge but fragmented market. Online gambling, stretching from poker to sports betting, has exploded w
Turkey will maintain tight fiscal discipline in the coming months after data showed it was comfortably on track to meet its budget deficit targets for the year, Finance Minister Mehmet Simsek said on Tuesday. The country holds a presidential election in A
German chemicals and drugs company Merck KGaA is in the market for mid-size acquisitions to bolster its pharmaceuticals division, the head of that unit told Swiss business paper Finanz und Wirtschaft. Asked whether Merck was planning to go on a buying spr
The number of poor people in Italy rose to 10.48 million people - or 16.6 percent of the population - in 2013, Italy's official data agency Istat said on Monday. In 2012, the number of people counted as poor relative to an average cost of living index was
US generic drugmaker Mylan Inc is in advanced talks to acquire a multibillion-dollar portfolio of established products from Abbott Laboratories, people familiar with the matter said. The proposed transaction, which is in late-stage discussions, would see
The Bank of Japan on Tuesday held off expanding its vast stimulus programme, saying the world's number three economy was recovering despite activity taking a hit from April's sales tax hike. However, policymakers slightly lowered the economic growth forec
British inflation surged to a five-month high last month and house prices rose at their fastest rate in years, prompting investors to increase bets on an interest rate rise before the end of 2014. Underlining the challenge facing the Bank of England as it
The world's top financial regulator on Tuesday urged deep-rooted change to how currency benchmarks are set, encouraging market players to tighten up their governance, practices and controls rather than imposing stringent new regulation. The proposals come
China's bank lending picked up in June from May, the central bank said Tuesday, as authorities accelerated infrastructure investment to boost the flagging economy, but analysts warned of a possible debt bubble. Domestic banks granted 1.08 trillion yuan ($
Airbus clinched its first airline customer for a newly revamped model with a tentative deal with Malaysia's AirAsia for 50 A330neo wide-body jets worth over $13 billion on Tuesday. The deal was sealed with a peck on the cheek from the French boss of Europ
Credit Suisse has won a US $3.7 billion bid list of 179 legacy non-agency RMBS bonds, market sources said on Tuesday, the biggest sale of its kind since the crash. The cover bid - the second-best offer for the list - was 73 cents on the dollar, a portfoli
The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row. Oil Minister Dharmendra Pradhan told parliament on
US tobacco giant Reynolds American will buy Lorillard for $27.4 billion and sell cigarette brands including Salem and Winston to British firm Imperial Tobacco for $7.1 billion, the companies said Tuesday. The deal combines Reynolds American Inc (RAI), the
J.P. Morgan Chase & Co, the biggest US bank by assets, said on Tuesday that second-quarter profit fell 8 percent after customer stock and bond trading volume dropped and mortgage lending fees plunged. The results were not as bad as investors had feared, a
J.P. Morgan Chase & Co, the biggest US bank by assets, said on Tuesday that second-quarter profit fell 8 percent after customer stock and bond trading volume dropped and mortgage lending fees plunged. The results were not as bad as investors had feared, a
The new chief of stricken Portuguese bank Banco Espirito Santo (BES) on Tuesday vowed to win back the market's confidence after shares in the lender tumbled to a record low. "My priority is to recapture the confidence of the markets, put an end to specula
Goldman Sachs Tuesday reported a slight bump in second-quarter earnings as strong results in underwriting and its own investments offset a hit from lower trading fees for clients. Earnings at the large US investment bank rose 4.7 percent to $1.95 billion
Goldman Sachs Tuesday reported a slight bump in second-quarter earnings as strong results in underwriting and its own investments offset a hit from lower trading fees for clients. Earnings at the large US investment bank rose 4.7 percent to $1.95 billion
A gauge of US consumer spending rose solidly in June, in the latest indication that the economy ended the second quarter on a stronger footing. That momentum appeared to have carried into the third quarter, with another report on Tuesday showing factory a
Dubai's bourse outperformed a generally strong region on Tuesday as construction firm Arabtec surged on hopes for positive news from the company or one of its major shareholders. Arabtec soared 13.6 percent to a one-month high of 4.86 dirhams and was amon
Tokyo stocks closed 0.64 percent higher Tuesday, tracking a rise on Wall Street and with the weaker yen supporting exporters, while traders await congressional testimony by US Federal Reserve chief Janet Yellen. The Nikkei 225 index rose 98.34 points to f
US stocks fell on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors. In the monetary policy report accompanying her congressional testimony, Yellen s
US stocks ended higher on Monday, with the Dow Jones industrial average hitting an intraday record, lifted by Citigroup's better-than-expected earnings and more deals in the healthcare space. Monday's flurry of mergers and acquisitions activity in the hea
Taiwan stocks rose 0.69 percent in midmorning trading on Tuesday to a seven-and-a-half-year high, on expectations of continued support for global equities from the US Federal Reserve. As of 0154 GMT, the main TAIEX index was up 65.40 points at 9,585.70, i
US Treasuries hewed to narrow ranges on Tuesday, slightly weaker ahead of congressional testimony from Federal Reserve Chair Janet Yellen, who is expected to emphasize the central bank's flexibility in policy. Prices on Treasuries were little changed afte
US Treasuries hewed to narrow ranges on Tuesday, slightly weaker ahead of congressional testimony from Federal Reserve Chair Janet Yellen, who is expected to emphasize the central bank's flexibility in policy. Prices on Treasuries were little changed afte
Sri Lankan stocks hit 33-month highs on Tuesday, led by diversified shares such as Carson Cumberbatch Plc and John Keells Holdings Plc a day after the central bank left policy rates steady at multi-year low. Continued foreign buying also boosted sentiment
Indian shares rose about 1 percent on Tuesday, snapping a five-day losing streak as rate-sensitive stocks such as ICICI Bank surged after consumer inflation in June slowed to the lowest since the figures were published in January 2012. Data late on Monday
China shares ended up on Tuesday as gains food and beverage companies erased losses stemming from concerns a second batch of initial public offerings (IPOs) could pull funds from existing stocks. The Shanghai Composite Index added 0.2 percent at 2,070.36
European stocks fell on Tuesday as declining investor morale hit Germany's benchmark DAX equity index and worries over Portugal's Banco Espirito Santo weakened the Lisbon market. The declines on the DAX and Lisbon's PSI-20 equity index contributed to a re
Australian shares ended flat on Tuesday as a government report on the financial system dragged on banks to pull the market lower, though a rise in miners and on Wall Street overnight helped temper losses The S&P/ASX 200 index closed flat at 5,511.3 at the
Indonesia's key index rose on Tuesday, led by large cap banks, while Thai shares retreated from an over 13-month high as investors cashed in recent gainers after twelve straight days of gains. Jakarta's composite index closed up about 1 percent after a co
Britain's top shares lost ground on Tuesday after US Federal Reserve Chair Janet Yellen voiced concern over valuations. Housebuilders were hit by growing expectations UK interest rates will soon rise, while Imperial Tobacco fell sharply. In the monetary p
The dollar edged up against the yen on Tuesday after the Bank of Japan tweaked its growth forecast lower, although currency moves were small as investors waited for Federal Reserve Chair Janet Yellen's congressional testimony later in the session. The BoJ
The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency. Portuguese 10-year bon
The dollar got a lift on Tuesday from retail data showing the US economy expanding but gains were muted as investors awaited possibly market-moving congressional testimony by Federal Reserve chief Janet Yellen. The euro dropped and the British pound jumpe
The dollar inched up against the Japanese yen on Monday but was little changed against other major currencies as investors awaited congressional testimony by Federal Reserve Chair Janet Yellen on US monetary policy. The dollar was up 0.2 percent against t
Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.60-77.60 (previous 77.60-77.60). Call Money Rates: 05.50-07.00 percent (previous 05.50-07.00 percent).
The Indian rupee fell for a second session in a row as dollar demand from state-run banks for oil-and defence-related payments offset a recovery in shares after a five-day losing streak. Traders expect the rupee to remain range-bound in the near-term, wit
China's yuan fell slightly against the dollar for the second day on Tuesday, pushed down by corporate demand for dollars after the central bank set another weaker midpoint, traders said. Spot yuan stood at 6.2109 per dollar by midday, 0.08 percent weaker
Asian currencies fell back against the dollar on Tuesday after a strong run as some players squared positions ahead of US Federal Reserve Chair Janet Yellen's congressional testimony on monetary policy. The weakness in Asian currencies was in contrast to
The Australian and New Zealand dollars were mostly steady on Tuesday with the kiwi hunkering down near a post-float peak in the lead up to local inflation data. Caution ahead of Federal Reserve Chair Janet Yellen's testimony due later in the day and a bat
Sterling rose to match a recent six-year high against a currency basket on Tuesday, after data showed British inflation sped up unexpectedly in June to its fastest rate since January, fuelling the view that interest rates will rise this year. Consumer pri
Sri Lanka are planning to give star batsman Mahela Jayawardene a fitting farewell by winning his remaining matches, captain Angelo Mathews said ahead of the first Test against South Africa starting Wednesday. On Monday, Jayawardene announced he will retir
South African Test cricket will usher in a new era under captain Hashim Amla on Wednesday when the country's first permanent non-white skipper leads the side out against Sri Lanka in Galle. Top order batsman Amla replaces the colossus Graeme Smith, who le