Stronger activity in the oil and gas extraction industry helped Canada's industrial capacity climb in the fourth quarter of last year to the highest since the first quarter of 2006, Statistics Canada said on Thursday. The increase to 83.6 percent was in l
South Korea on Thursday became the latest country to cut interest rates as the central bank announced a surprise 25 basis point reduction to a record-low 1.75 percent, as it tries to fend off deflation and kick-start the struggling economy. The cut is the
A measure of Australian consumer sentiment dipped from 13-month highs in March as concerns about proposed budget measures and taxation tempered the favourable effect of lower interest rates. Wednesday's survey of 1,200 people by the Melbourne Institute an
Confidence at big Japanese manufacturers worsened in January-March and is seen turning negative in the second quarter as a slumping yen ramped up the costs of raw material imports, a survey showed, complicating Tokyo's stimulus-driven campaign to revive t
German industry federation BDI has been forced to slash its estimate of the economic benefits for Europe of a proposed US-EU free trade pact by a factor of 10, it conceded Wednesday. The BDI had said online that the controversial trade deal would spell an
German banks could face substantial losses from a looming haircut on their loans to a bank in neighbouring Austria, but the losses will be manageable, rating agency Fitch said on Thursday. "German banks have larger exposures than Austrian banks to Heta As
Serbia's central bank cut Thursday its key interest rate to 7.5 percent in an effort to boost the investment climate and revive the country's ailing economy. The National Bank of Serbia (NBS) said in a statement it had decided to cut interest rate by 0.5
New Zealand's central bank held interest rates at 3.5 percent on Thursday, saying lower oil prices were helping to contain inflation. The Reserve Bank of New Zealand said the official cash rate (OCR) was likely to remain unchanged for some time as long-te
An upward trend prevailed on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the cereals side, Urad Burma gained Rs 500 to Rs 10750, wheat new Bardan, however, lost Rs 200 to Rs 3100, other commodities held the ov
Throughout mood of this week, cotton prices remained mostly stalled despite the fact that current crop (August 2014 / July 2015) supplies are tapering off and the new crop (2015 / 2016) could be delayed by two or three weeks due to continuous winter rains
Throughout mood of this week, cotton prices remained mostly stalled despite the fact that current crop (August 2014 / July 2015) supplies are tapering off and the new crop (2015 / 2016) could be delayed by two or three weeks due to continuous winter rains
No major change was witnessed in the present outlook on the cotton market on Thursday, dealers said. The official spot rate held the week-end level at Rs 5000, dealers said. In the ready session, over 5,000 bales of cotton changed hands between Rs 4800 an
Easier trend was witnessed on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The March vaida closed at Rs 1424.50 on Wednesday and it commenced with 20 paisa loss at Rs 1424.30 in the morning session, they said.
The Karachi Port handled 165,795 tonnes of cargo comprising 135,618 tonnes of import cargo and 30,177 tonnes of export cargo including 5,072 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Refined tin shipments from top exporter Indonesia fell 12 percent to 5,986.43 tonnes in February from the previous month, its lowest level since November, a trade ministry official said on Tuesday. A breakdown of Indonesia's February exports was not avail
ICE Canadian canola futures rose on Wednesday for the fourth straight session, boosted by a weak Canadian dollar that made exports more competitive. Spillover strength from soybeans, due to concerns about South America's crops, added a further lift. Most-
Asia's naphtha crack jumped 10 percent to a one-week high of $103.28 a tonne as persistent strong demand and a prolonged shortage of cheap alternative liquefied petroleum gas (LPG) feedstock reversed previous weakness caused by Middle Eastern supplies. Th
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PRK 2.117 billion as compared PKR 1.963 billion, up 8 percent. The number of lots traded was 14,834 and PMEX Commodity Index closed at 2,491. Major business was contributed by crude oil
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
United States (US) has allowed Pakistani companies to participate in government procurement with the approval of the US President as Pakistan has obtained observer status in government procurement group of the WTO. This was stated by Commerce Minister, En
United States (US) has allowed Pakistani companies to participate in government procurement with the approval of the US President as Pakistan has obtained observer status in government procurement group of the WTO. This was stated by Commerce Minister, En
United States (US) has allowed Pakistani companies to participate in government procurement with the approval of the US President as Pakistan has obtained observer status in government procurement group of the WTO. This was stated by Commerce Minister, En
Pakistan and United States on Thursday discussed the ways and means to expand two-way trade and investment through easy market excess. According to a statement issued by a spokesperson for the US Embassy here, senior officials from the governments of the
Pakistan and United States on Thursday discussed the ways and means to expand two-way trade and investment through easy market excess. According to a statement issued by a spokesperson for the US Embassy here, senior officials from the governments of the
Pakistan and United States on Thursday discussed the ways and means to expand two-way trade and investment through easy market excess. According to a statement issued by a spokesperson for the US Embassy here, senior officials from the governments of the
Prime Minister Nawaz Sharif has directed Ministry of Water to ensure that loadshedding does not exceed six hours in cities and eight hours in rural areas during summer. An official said the Prime Minister was concerned about loadshedding and wants Ministr
Prime Minister Nawaz Sharif has directed Ministry of Water to ensure that loadshedding does not exceed six hours in cities and eight hours in rural areas during summer. An official said the Prime Minister was concerned about loadshedding and wants Ministr
Prime Minister Nawaz Sharif has directed Ministry of Water to ensure that loadshedding does not exceed six hours in cities and eight hours in rural areas during summer. An official said the Prime Minister was concerned about loadshedding and wants Ministr
The Karachi share market showed some recovery Thursday on the back of what analysts said institutional interest in select stocks. Having contracted 15 percent since January 28, the KSE-100 index added 43 points to Wednesday's 32,539.61 points to close at
The Karachi share market showed some recovery Thursday on the back of what analysts said institutional interest in select stocks. Having contracted 15 percent since January 28, the KSE-100 index added 43 points to Wednesday's 32,539.61 points to close at
The Karachi share market showed some recovery Thursday on the back of what analysts said institutional interest in select stocks. Having contracted 15 percent since January 28, the KSE-100 index added 43 points to Wednesday''s 32,539.61 points to close at
On Thursday, BRIndex30 opened at 18,716.12 points. It touched an intraday high of 18,844.38 points and an intraday low of 18,643.65 points and closed at 18,752.74 points which was 36.62 points or 0.2 percent higher than previous close. Total volume was 80
Airport Security Force (ASF) on Thursday briefly detained a United States (US) citizen for attempting to board a plane while carrying a pistol and 11 bullets, sources said. Source said that Patrick Tona, who was identified by airport official as security
National Electric Power Regulatory Authority (Nepra) has approved a reduction of Rs 1 to Rs 3.8 per unit in the tariffs of three power distribution companies under the monthly fuel adjustment formula. The authority has rejected the proposals of passing on
National Electric Power Regulatory Authority (Nepra) has approved a reduction of Rs 1 to Rs 3.8 per unit in the tariffs of three power distribution companies under the monthly fuel adjustment formula. The authority has rejected the proposals of passing on
The Federal Board of Revenue (FBR) has categorically denied charges of allegedly taking advance of around Rs 50 billion from banks to inflate tax collection figures. It is learnt that the hearing in cases of sales tax refund payments and advances from ban
The Federal Board of Revenue (FBR) has categorically denied charges of allegedly taking advance of around Rs 50 billion from banks to inflate tax collection figures. It is learnt that the hearing in cases of sales tax refund payments and advances from ban
The Federal Board of Revenue (FBR) has categorically denied charges of allegedly taking advance of around Rs 50 billion from banks to inflate tax collection figures. It is learnt that the hearing in cases of sales tax refund payments and advances from ban
The Supreme Court on Thursday summoned on March 26 Sindh Inspector General Police in relation to a scam of Rs 1.23 billion regarding the purchase of Armoured Personnel Carriers (APCs). A three-member bench led by the Justice Jawwad S Khawaja resumed the h
The Supreme Court on Thursday summoned on March 26 Sindh Inspector General Police in relation to a scam of Rs 1.23 billion regarding the purchase of Armoured Personnel Carriers (APCs). A three-member bench led by the Justice Jawwad S Khawaja resumed the h
The government has finally convened a meeting of Council of Common Interests (CCI) after nine months against the Constitutional requirement of ninety days to take up important issues including a request by Balochistan government for purchase of up to 20 p
The government has finally convened a meeting of Council of Common Interests (CCI) after nine months against the Constitutional requirement of ninety days to take up important issues including a request by Balochistan government for purchase of up to 20 p
The government has finally convened a meeting of Council of Common Interests (CCI) after nine months against the Constitutional requirement of ninety days to take up important issues including a request by Balochistan government for purchase of up to 20 p
Habib Bank Limited (HBL), Government of Pakistan's 41.54 percent residual shares of which are up for sale at the country's stocks market, is acquiring Barclays Bank PLC's operations in Pakistan. Habib Bank has long been engaged with the British banking gi
Habib Bank Limited (HBL), Government of Pakistan's 41.54 percent residual shares of which are up for sale at the country's stocks market, is acquiring Barclays Bank PLC's operations in Pakistan. Habib Bank has long been engaged with the British banking gi
Habib Bank Limited (HBL), Government of Pakistan''s 41.54 percent residual shares of which are up for sale at the country''s stocks market, is acquiring Barclays Bank PLC''s operations in Pakistan. Habib Bank has long been engaged with the British banking
Airport Security Force (ASF) on Thursday briefly detained a United States (US) citizen for attempting to board a plane while carrying a pistol and 11 bullets, sources said. Source said that Patrick Tona, who was identified by airport official as security
At least eight persons were killed and more than ten others were injured a clash erupted between two rival groups in Pakho here on Thursday. SSP Qambar Sarfraz Nawaz Sheikh told APP that a clash erupted between two rival groups due to land dispute that re
The Trading Corporation of Pakistan (TCP) has disbursed over Rs 2 billion among 212 ginners against cotton procurement. Sources told Business Recorder Thursday that after a complete scrutiny, the state-run grain trader initiated partial payments ag
The Board of Directors of Shell Pakistan Limited announced the company's financial results for the year ended December 31, 2014. While the company reported achievements in operational performance, increases in market share and growth profitability in its
Board of Investment Pakistan Chairman Dr Miftah Ismail has claimed that the energy shortage in the country will be ovvercome in the next two years He told reporters at the 11th International Plastic, Printing and Packaging Exhibition (3P-Pakistan 2015) th
Anti-Terrorism Court (ATC) on Thursday awarded five years imprisonment to two suspects for demanding extortion money from grandfather. Suspect Musawar and his accomplice Arslan were involved in demanding Rs 50,000 extortion money from grandfather in 2011.
The Sindh government has reportedly not yet nominated its private member for discussions on the eighth five-year National Finance Commission (NFC) in spite of repeated reminders by the Ministry of Finance. The 2009 7th NFC Award is operative at present, h
With bonhomie generated by the unanimous nomination of Raza Rabbani as Chairman of the Senate unanimous still permeating through the national political landscape the Rangers' raid on the MQM headquarters (Nine Zero) early Wednesday morning comes as a stun
Andrew Mojica was appointed to the position of Middle East Managing Director, Swarovski Professional, in June 2013 and continues to serve in this important role. Based in Dubai, he has been responsible for setting up a cross-functional leadership team cov
Progressive Group, a representative forum of businessmen and traders on Thursday welcomed the decision of National Electric Power Regulatory Authority (Nepra) to grant approval for purchasing 1,000MW electricity from Iran and termed it a step in right dir