National Electric Power Regulatory Authority (Nepra) on Tuesday approved a refund of Rs 3.24 per unit to the consumers of Distribution Companies (Discos) overcharged in December 2014 in the name of Fuel Price Adjustment (FPA).
The National Price Monitoring Committee (NPMC) which met here Tuesday was informed that transport fares in the four provinces had been decreased aiming to transfer benefit of reduction in oil prices to general public. The provincial governments had issued
The National Price Monitoring Committee (NPMC) which met here Tuesday was informed that transport fares in the four provinces had been decreased aiming to transfer benefit of reduction in oil prices to general public. The provincial governments had issued
The National Price Monitoring Committee (NPMC) which met here Tuesday was informed that transport fares in the four provinces had been decreased aiming to transfer benefit of reduction in oil prices to general public. The provincial governments had issued
The Islamabad High Court on Tuesday issued notices to Federation through Cabinet Division, Secretary Establishment, Director General (DG) oil Ministry of Petroleum and Natural Resources, Federal Public Service Commission and acting chairman Oil and Gas Re
The Islamabad High Court on Tuesday issued notices to Federation through Cabinet Division, Secretary Establishment, Director General (DG) oil Ministry of Petroleum and Natural Resources, Federal Public Service Commission and acting chairman Oil and Gas Re
The Islamabad High Court on Tuesday issued notices to Federation through Cabinet Division, Secretary Establishment, Director General (DG) oil Ministry of Petroleum and Natural Resources, Federal Public Service Commission and acting chairman Oil and Gas Re
Prime Minister Nawaz Sharif said on Tuesday that there is special bond between Pakistan and Turkey, stating that both countries share a joint destiny. While addressing the Pakistan-Turkey Business Opportunity Forum 2015, Prime Minister said that words can
Prime Minister Nawaz Sharif said on Tuesday that there is special bond between Pakistan and Turkey, stating that both countries share a joint destiny. While addressing the Pakistan-Turkey Business Opportunity Forum 2015, Prime Minister said that words can
Prime Minister Nawaz Sharif said on Tuesday that there is special bond between Pakistan and Turkey, stating that both countries share a joint destiny. While addressing the Pakistan-Turkey Business Opportunity Forum 2015, Prime Minister said that words can
Pakistan and Turkey on Tuesday reiterated the commitment to continue to transform the cordial bilateral relationship into a robust strategic partnership. This was announced in a joint declaration "On Strengthening Pakistan-Turkey strategic relationship",
Pakistan and Turkey on Tuesday reiterated the commitment to continue to transform the cordial bilateral relationship into a robust strategic partnership. This was announced in a joint declaration "On Strengthening Pakistan-Turkey strategic relationship",
Pakistan and Turkey on Tuesday reiterated the commitment to continue to transform the cordial bilateral relationship into a robust strategic partnership. This was announced in a joint declaration "On Strengthening Pakistan-Turkey strategic relationship",
Pakistan and Turkey have agreed to conclude a Free Trade Agreement (FTA) at the earliest to exploit the true potential of economic co-operation and enhance bilateral trade up to $10 billion in due course. This was agreed between the visiting Turkish Prime
Pakistan and Turkey have agreed to conclude a Free Trade Agreement (FTA) at the earliest to exploit the true potential of economic co-operation and enhance bilateral trade up to $10 billion in due course. This was agreed between the visiting Turkish Prime
Pakistan and Turkey have agreed to conclude a Free Trade Agreement (FTA) at the earliest to exploit the true potential of economic co-operation and enhance bilateral trade up to $10 billion in due course. This was agreed between the visiting Turkish Prime
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (February 16, 2015).
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
Attock Cement Pakistan Limited (ACPL) is a public limited company that has been listed on the country's main bourse since 2002, although its presence in the country dates back considerably having been set up in 1981. As its name suggests, the company's pr
Attock Cement Pakistan Limited (ACPL) is a public limited company that has been listed on the country's main bourse since 2002, although its presence in the country dates back considerably having been set up in 1981. As its name suggests, the company's pr
The Ministry of Finance (MoF) has issued rejoinder on February 13 to my article titled "Manipulating statistics" carried by Business Recorder on February 4. I would like to point out that I have been an active user of statistics for over 35 years a
Looming debt repayments by Russian companies are now central to discussions of Russia's ability to weather the financial shocks caused by low oil prices and Western sanctions, but the picture is more complex than commonly believed.
There is so much talk of possible large-scale Chinese investment being planned to support developing national economic corridor that would open door of economic fortunes for the country. Yes it might be an economic game changer if we position ourselves wi
Prime Minister Nawaz Sharif and Chief Minister Shahbaz Sharif announced at an impressive ceremony last week at Chiniot that abundance of gold and copper deposits have been found in search of iron, hoping that the same would go a long way in bringing prosp
By warmly welcoming Prime Minister Nawaz Sharif at his inauguration and treating him, first among the regional counterparts last year, Prime Minister Narendra Modi surprised quite a few in Pakistan and elsewhere. But that bonhomie didn't last very long; w
The monster of terrorism that stalks the streets of Karachi has many faces - he may be a target killer, hired assassin, street-mugger, life-threatening extortionist, sectarian fanatic or simply a foreign-funded saboteur. But whatever be the motive behind
Benchmark cotton futures jumped on Tuesday to their highest since October 2014, as buy-stops exaggerated gains seen on a bullish technical outlook and low exchange inventories.
Argentina will produce 22.5 million tonnes of commercial-use corn in the 2014/15 crop cycle, the Buenos Aires Grains Exchange forecast on Thursday. It was the exchange's first corn estimate of the season. Last week, the Rosario grains exchange raised its
The most-traded April copper contract on the Shanghai Futures Exchange edged up 0.4 percent to 42,070 yuan ($6,727) a tonne on Tuesday with traders winding down positions on the last full trading day before the Lunar New Year.
Copper and other base metals fell on Tuesday on concerns about demand in China and following the breakdown in debt talks between Greece and its European partners. Investors were unnerved by data showing average new home prices in China's 70 major cities f
Oil closed up after a weak start on Tuesday, with Brent crude rising to a 2015 high of $63 a barrel as short-covering returned to a market depressed earlier by worries about euro zone stability. Threats to Middle East crude production and the falling US o
Benchmark Tokyo rubber futures snapped three days of gains to head lower on Tuesday, pulling back from a 10-month high, as investors took profit ahead of the week-long Lunar New Year holiday in China that starts on Wednesday. The Tokyo Commodity Exchange
An arctic blast hitting the heart of the US Midwest soft red winter wheat belt this week will put 10 to 15 percent of the dormant crop at risk of winterkill damage, agricultural meteorologists said on Tuesday. While most of the northern Midwest wheat crop
Malaysian palm oil slipped on Tuesday, giving up some of last session's gains and falling for a fifth day out of seven on demand worries and position squaring ahead of the long weekend. The market is also bracing for an increase in palm oil production in
Arabica coffee futures on ICE slid as much as 5.3 percent in heavy volume on Tuesday on speculative long liquidation that triggered chart-based selling, slashing the bean's premium over robusta to a one-year low. Robusta coffee futures turned lower after
Gold snapped a three-day rally on Tuesday as a stronger dollar offset gains from safe-haven bids prompted by a break down in talks between Greece and its creditors. Spot gold fell 0.5 percent to $1,224.75 an ounce by 0735 GMT. It gained about 1 percent in
Gold and silver fell to six-week lows on signs that Greek banks will continue to get emergency funding despite a breakdown in debt talks between their government and euro zone partners. A person familiar with the matter told Reuters the European Central B
US soyabeans climbed to a one-month peak early on Tuesday, lifted by a 2 percent spike in soyameal futures and data showing near-record domestic crushings of the beans in January, traders said. Wheat futures were mixed, with some contracts turning lower a
Gold and silver fell to six-week lows early on Tuesday, while platinum fell to the lowest since 2009, on signs that Greek banks will continue to get emergency funding despite a breakdown in debt talks between their government and euro zone partners.
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 503 million. The number of lots traded was 3,455 and PMEX Commodity Index closed at 2,597. Major business was contributed by crude oil amounting to PKR 375 million. This was followed by
Rain and hot weather last week in most of Ivory Coast's main cocoa growing regions should help the April-to-September mid-crop as the main crop tails off, farmers and analysts said on Monday. The world's top cocoa producer is in a dry season that runs fro
Vietnam, the world's largest robusta producer, exported 132,400 tonnes (2.2 million 60-kg bags) of coffee in January, a drop of 5.6 percent from a year earlier, the Vietnam Customs said on Thursday, below market expectations. The January volume brought Vi
The area Ukraine sows with maize is likely to decrease by up to 7 percent this year due to higher planting costs and a jump in prices of foreign seeds, analysts at UkrAgro Consult said on Tuesday. Ukraine, the world's third-largest maize grower, planted 4
India's palm oil imports in January dropped more than a fifth from a month earlier to 658,670 tonnes as refiners increased overseas purchases of sunflower and soyaoil, data from the Solvent Extractors' Association of India (SEA) showed on Friday. Soyaoil
Euronext wheat futures extended gains on Monday to a one-week high, spurred on by a pre-weekend rally on the US market and adjustments linked to the expiry of options in Paris. Volumes were light as a market closure in the Chicago for US Presidents Day de
The Karachi Port handled 115,646 tonnes of cargo comprising 58,773 tonnes of import cargo and 56,873 tonnes of export cargo including 3,534 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
The January vaida was lower on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The January contract closed at Rs 1566.50 on Monday, and it commenced the day with a decline of 10 paisa at Rs 1566.40, they said.
Prices stabilised on the cotton market on Tuesday on the back of fresh demand by mills and spinners, dealers said. The official spot rate was unchanged at Rs 4,900, dealers said. In the ready session, around 16,000 bales of cotton changed hands between Rs
Cocoa farmgate prices in Cameroon, Africa's fourth-largest grower, have risen as the main harvest ends with few crops on the market but farmers fear the long dry season may lead to capsid disease, according to field reports on Monday.
A kind of dullness prevailed on the wholesale grain market on Tuesday in the process of trading, dealers said. On the cereals side, Masoor Canada low type was unchanged at Rs 8800 while the best quality was lower by Rs 200 to Rs 9000, other commodities ma
Manchester United survived a scare against third tier Preston North End to reach the FA Cup quarter-finals with a hard-fought 3-1 win at Deepdale on Monday. Louis Van Gaal's star-studded side were in danger of an embarrassing fifth round exit when the unh
Dutch tax officials have arrested five men suspected of running an illegal large-scale football betting and money laundering racket, prosecutors said on Tuesday. A six-country investigation led to the arrest of the men, two from The Hague aged 58 and 34,
Cricket icon Sachin Tendulkar has issued a warning to triumphant India about their upcoming World Cup match against South Africa, saying the Proteas were "far, far superior" to arch-rivals Pakistan. Batting superstar Tendulkar helped India win the World C
Former captain Wasim Akram is eager to help the Pakistan players salvage their World Cup campaign in Australia and New Zealand, he said on Tuesday. Pakistan lost their opening match of the tournament by 76 runs to arch-rivals India.
Belgian tax authorities are investigating Luxembourg bank accounts held by English Premier League stars Eden Hazard, Thibaut Courtois and Kevin Mirallas, De Morgen newspaper reported Tuesday. The Flemish daily said the Belgian internationals have Luxembou
West Indies great Michael Holding has slammed the side's four-wicket loss to Ireland in their World Cup opener as a "little bit pathetic". The Caribbean team collapsed to 87 for five in Nelson on Monday before Lendl Simmons (102) and Darren Sammy (89) gui
Australia's Mitchell Johnson said Tuesday the ongoing speculation about captain Michael Clarke's fitness was not proving a distraction for the World Cup favourites.
Afghanistan offer the World Cup a fairytale story if they can upset Bangladesh and launch their debut tournament with a victory at Canberra's Manuka Oval on Wednesday.
New Zealand limped to a three-wicket win over Scotland on Tuesday, maintaining World Cup momentum only after the minnows gave the co-hosts' much-vaunted batting line-up a bloody nose.
New Zealand limped to a three-wicket win over Scotland on Tuesday, maintaining World Cup momentum only after the minnows gave the co-hosts' much-vaunted batting line-up a bloody nose.
Anglo American on Friday announced a write-down of $3.9 billion caused by the sliding price of iron ore which has slashed the value of its Minas-Rio mining project in Brazil. In an annual earnings update, mining giant Anglo American announced "commodity p
General Motors Co awarded its top executives with shares in the company as part of a long-term incentive plan, according to company filings with US regulators. The award of the shares disclosed on Friday offered the first glimpse of 2015 compensation for
South Korea's central bank held interest rates steady on Tuesday, as expected, but cautious remarks by its governor about the economic outlook kept hopes alive for a rate cut soon, lifting bond futures. The Bank of Korea's policy board left the policy int