US Treasury Secretary Jacob Lew said Tuesday that Washington was "ready to welcome" the China-led Asian Infrastructure Investment Bank, easing toward the new development institution after the US expressed early concerns.
The final price of the imported Liquefied Natural Gas (LNG) will be in the range of $10 to $11 per Million British Thermal Unit (MMBTU), it is learnt. The procurement price from Qatar as publicly announced by Federal Minister for Petroleum and Natural Res
The final price of the imported Liquefied Natural Gas (LNG) will be in the range of $10 to $11 per Million British Thermal Unit (MMBTU), it is learnt. The procurement price from Qatar as publicly announced by Federal Minister for Petroleum and Natural Res
The final price of the imported Liquefied Natural Gas (LNG) will be in the range of $10 to $11 per Million British Thermal Unit (MMBTU), it is learnt. The procurement price from Qatar as publicly announced by Federal Minister for Petroleum and Natural Res
Privatisation Commission has reportedly termed the disparity in prices of imported steel products, especially those from China, the principal reason behind difficulties in the sale of finished products of Pakistan Steel Mills (PSM), it was learnt.
Privatisation Commission has reportedly termed the disparity in prices of imported steel products, especially those from China, the principal reason behind difficulties in the sale of finished products of Pakistan Steel Mills (PSM), it was learnt.
Privatisation Commission has reportedly termed the disparity in prices of imported steel products, especially those from China, the principal reason behind difficulties in the sale of finished products of Pakistan Steel Mills (PSM), it was learnt.
Finance Minister, Senator Mohammad Ishaq Dar here Wednesday approved a Rs 2.9 billion incentive grant for immediate apportionment among the provinces. It may be recalled that the CCI on a proposal from the Finance Division had decided that the provinces w
Finance Minister, Senator Mohammad Ishaq Dar here Wednesday approved a Rs 2.9 billion incentive grant for immediate apportionment among the provinces. It may be recalled that the CCI on a proposal from the Finance Division had decided that the provinces w
Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) on Wednesday signed an agreement after Prime Minister Nawaz Sharif approved formation of judicial commission to investigate the vote rigging allegations. The leaders of both PTI and P
Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) on Wednesday signed an agreement after Prime Minister Nawaz Sharif approved formation of judicial commission to investigate the vote rigging allegations. The leaders of both PTI and P
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
The 19th Annual General Meeting (AGM) of Meezan Bank Limited was held on March 27, at its Head Office - Meezan House, Karachi. Chairman Audit Committee Mohammad Abdul Aleem chaired the AGM, which was attended by Meezan Bank's management team, external aud
The 19th Annual General Meeting (AGM) of Meezan Bank Limited was held on March 27, at its Head Office - Meezan House, Karachi. Chairman Audit Committee Mohammad Abdul Aleem chaired the AGM, which was attended by Meezan Bank's management team, external aud
The federal government Wednesday borrowed some Rs76 billion through the auction for Pakistan Market Treasury Bills (MTBs). The SBP, on April 1, 2015, conducted the auction for the sale of 3-, 6- and 12-month T-bills and received bids amounting to Rs 228 b
The federal government Wednesday borrowed some Rs76 billion through the auction for Pakistan Market Treasury Bills (MTBs). The SBP, on April 1, 2015, conducted the auction for the sale of 3-, 6- and 12-month T-bills and received bids amounting to Rs 228 b
The Lahore High Court on Wednesday handed over two siblings Waqas aged 10, and Aasia 12, to their parents after the Gulberg Police found them in the house of former Punjab home secretary Ijaz Shah's brother, Nawaz Shah. Petitioner Muhammad Hanif, of Nanka
The two-day Funfair Festival organised by the Bureau of STAGS in collaboration with the Sindh University's Department of Public Administration opened outside Arts Faculty Building on Wednesday.
The Federal Minister for Planning, Development and Reform Professor Ahsan Iqbal has given June 30, deadline to Wapda to finish 400km long phase I of Kachi Canal Project. He assured to release Rs 7 billion soon for the project and directed Wapda to keep in
The federal government has planned to borrow some Rs 1.25 trillion through the sale of Pakistan Investment Bonds (PIBs) and Market Treasury Bills (MTBs) during the fourth quarter (April-June) of current fiscal year (FY15).
The federal government has planned to borrow some Rs 1.25 trillion through the sale of Pakistan Investment Bonds (PIBs) and Market Treasury Bills (MTBs) during the fourth quarter (April-June) of current fiscal year (FY15).
A four-day training workshop on 'Communication with Youth' was organised by Quality Enhancement Cell, the University of Agriculture Peshawar from March 24-27, at the University main campus. The objective of this training was to train the administrative st
President Mamnoon Hussain has said that trade, investment, and people-to-people contacts should be centre piece of bilateral relations with Spain. The President was talking to Ambassador of Pakistan to Spain Rafat Mahdi who called on him at Aiwan-e-Sadr o
Launched in 1942, Habib Insurance falls under the umbrella of Habib Group. From a paid-up capital of Rs2.5 million at the time of its onset, the company now enjoys a strong paid-up capital of nearly Rs619 million. This gradual increase in the paid-up capi
Launched in 1942, Habib Insurance falls under the umbrella of Habib Group. From a paid-up capital of Rs2.5 million at the time of its onset, the company now enjoys a strong paid-up capital of nearly Rs619 million. This gradual increase in the paid-up capi
How unfortunate it is that the government has pushed through a bill in the National Assembly providing for party-less elections in Islamabad amid a strong protest by opposition. A Supreme Court decision on holding party-less elections in cantonment boards
A fiscal system is influenced by economic, political and social factors.1 These elements change directions of a country's tax structure; and the emerging situation thus makes it difficult to distinguish the economic effects of the taxes. These factors no
In an age where the world faces the impact of the continued use of fossil fuels on climate change and global warming, there is a need to focus on alternative sources of fuel to power the future. Looking at alternative sources of power, nuclear power gener
Of course the nuclear talks between the P5+1 and Iran missed the March 31 deadline for a framework agreement, but not the target: general accord on "all key aspects" has been reached. An agreed draft on preliminary agreement is expected to be signed in a
The Inter-Provincial Coordination Committee under the chairmanship of its Minister Riaz Hussain Pirzada - its meetings a prelude to the constitutionally mandated Council of Common Interest (CCI) meeting - has urged the Ministry of Petroleum and Natural Re
Cotton futures fell in light volume on Wednesday, drifting lower on the heels of strong gains in the prior session after the US government released a much-anticipated planting intentions report. The front-month May cotton contract on ICE Futures US fell 0
The most-traded June copper contract on the Shanghai Futures Exchange, which had dropped 1.6 percent, pared losses to 1.2 percent at 43,260 yuan ($6,982) a tonne on Wednesday after Chinese factory activity performed a fraction better than expected, while
Nickel bounced off its lowest level in nearly six years on Wednesday as some investors, betting on price falls, locked in profits, but concerns about Chinese economic growth weighed on other base metals. Nickel has spiralled lower on worries about lacklus
Oil jumped as much as 5 percent on Wednesday, snapping a three-session losing streak, as US crude output fell for the first time in two months and the government announced a smaller-than-feared rise in weekly stockpiles. The market's focus on Iran nuclear
Benchmark Tokyo rubber futures fell for a fourth straight session to a fresh 3-week low on Wednesday as plunging oil prices and nagging concerns about slack demand in top consumer China weighed on investor sentiment, dealers said.
A double-whammy of US crop reports pegging corn plantings and inventories above traders' estimates knocked down grain futures on Tuesday and fueled forecasts for further price declines. Taken together, the data lifted expectations for corn supplies after
Raw sugar futures saw their largest single-session gain in nearly two months on Wednesday as the real currency of top-grower Brazil rallied and speculator money poured into underperforming commodities on the first day of the new quarter.
Gold turned lower on Tuesday, pressured by the firm US dollar and weak oil prices, and with expectations that the Federal Reserve will increase interest rates this year pushing bullion toward its second monthly decline.
Gold kicked off April by climbing on Wednesday as the dollar retreated, but expectations the Federal Reserve is on course to lift interest rates this year capped gains. Investors are looking to US jobs data due on Friday, when another strong number could
Gold rose more than one percent on Wednesday as the dollar retreated after a downbeat US jobs report raised expectations the Federal Reserve could be more cautious in tightening monetary policy. The dollar fell 0.1 percent against a basket of currencies,
US soyabean futures jumped 1.6 percent early on Wednesday, their third straight day of gains, as the US government's forecast for smaller-than-expected plantings of the oilseed continued to fuel buying. Corn and wheat also rose, rebounding from sharp loss
Gold rallied 2 percent early on Wednesday as the dollar retreated after a downbeat US jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy.
Four emerging fashion designers showcased their talent through Bank Alfalah's "Rising Talent-Discovering the Potential of Pakistan" platform at the opening of Fashion Pakistan Week (FPW).
The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its proposals to the Federal Board of Revenue (FBR) for the Budget 2015-16. OICCI represents 197 leading foreign investors from 35 countries, including several Fortune 500 firms
The incidents of targeted killings in the city have reduced significantly as 306 people have so far been killed since the law enforcement agencies launched an operation in Karachi against 651 persons killed during the same period prior to the operation.
JS Bank has been recognised for its admirable Corporate Social Responsibility efforts at the eighth National CSR Excellence Awards Ceremony 2015. The eighth National CSR Excellence Awards was organised by the prestigious CSR Association of Pakistan. JS Ba
The country's volatile stock market lost 10.10 percent or 3,398 points during the just-concluded month, ie, March. Pakistan's equity market performed what analysts said "worst" against its regional peers if MSCI frontier market, MSCI Emerging market and M
Provincial Home Minister Shuja Khanzada has said that registration of seminaries is continuing in the province under Social Security Act and 13,729 seminaries have so far been registered through Punjab Information Technology Board Geotagging. Talking to m
Directorate of Audit of Customs has strongly recommended punitive measures against the importer and customs officials involved in exploiting clearance procedure to evade duty and taxes on myriad import of gold worth Rs 86.63 billion.
The Lahore High Court on Wednesday overturned an order on a six-year-old, which issued by a sessions judge about the registration of a crop-theft case against over 10 activists from the Anjuman-i-Mazaarian Okara. Petitioner Abdul Razzaq, the organisation
Yahya Polani, MD Polani Group, and Chairman IATA Agency Programme Joint Council (APJC) Pakistan has been nominated as Chairman Standing Committee on Aviation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) by Mian Muhammad Adrees P
Yorkshire have signed India's Cheteshwar Pujara until the end of May after cancelling the contract of Younus Khan, the English county champions announced on Wednesday. Veteran batsman Younus was due to be Yorkshire's overseas player for 2015, but his desi
Liverpool forward Raheem Sterling rejected suggestions he was "money-grabbing" in an interview aired on Wednesday, after his talks over a new contract hit an impasse. The 20-year-old England star's future has become the subject of intense speculation in t
World champion Chen Long of China was on top form as he stormed into the second round of the Malaysia Open after an easy win over Japan's Takuma Ueda on Wednesday. The top-seeded Chen, who is coming off the back of a victorious run at the All-England Cham
Sri Lanka's sports minister on Wednesday urged the world's number one batsman Kumar Sangakkara to reconsider plans to retire from Test cricket and urged him to play on for another year. Navin Dissanayake told reporters that he hoped a government-ordered o
Mexico striker Eduardo Herrera scored in the third minute to give "El Tri" a 1-0 victory over Paraguay on Tuesday in an international football friendly. In the home stadium of American football's Kansas City Chiefs, the Mexico side won their second match
World and Olympic handball champion Nikola Karabatic and 15 other people will stand trial on fraud charges over alleged match-fixing, a lawyer for the French sports hero said Wednesday.
New Zealand pace bowler Kyle Mills announced his retirement from all cricket Wednesday, following Daniel Vettori in calling it quits after the World Cup final. Mills was consistently ranked among the world's top 10 one-day bowlers throughout his illustrio
Desperate Novak Djokovic fought back from a set and a break down to defeat Alexandr Dolgopolov 6-7 (3/7), 7-5, 6-0 Tuesday, salvaging hopes of defending his Miami Open title. World number one Djokovic won 24 of the last 27 points to reach a quarter-final
Australian wicketkeeper Brad Haddin has offered an unusual half-apology after his final World Cup sledging of New Zealand, suggesting that liquid celebrations may have fuelled his frank comments during a radio interview.
Pakistani all-rounder Mohammad Hafeez will undergo a reassessment test on his bowling action in India on April 9 to try to revive his struggling career, a statement said Wednesday. The 34-year-old off-spinner's action was deemed illegal after a biomechani
Weakening demand at home and abroad weighed on Japanese manufacturers' confidence in the first quarter, prompting them to cut spending plans, clouding the outlook for Prime Minister Shinzo Abe's drive to reflate the economy.
Honda Motor Co has joined Daimler AG's Mercedes-Benz in testing self-driving vehicles and technologies on private roads at a former US naval facility outside San Francisco, the Japanese automaker said Tuesday.
Activity in Brazil's long-crippled manufacturing sector contracted at its sharpest pace in 3-1/2 years in March, a private survey showed on Wednesday, fueling expectations that Latin America's largest economy is slipping into a recession.
Chinese telecommunications equipment giant Huawei's net profit surged more than 32 percent to 27.9 billion yuan ($4.5 billion) in 2014, it said Tuesday, helped by demand from emerging markets. The United States has long seen Huawei as a security threat du
Chinese telecommunications equipment giant Huawei's net profit surged more than 32 percent to 27.9 billion yuan ($4.5 billion) in 2014, it said Tuesday, helped by demand from emerging markets. The United States has long seen Huawei as a security threat du
Manufacturing activity in central Europe expanded strongly in March thanks to the region's close ties to the reviving euro zone - as well as to it avoiding excessive currency gains by keeping monetary policy loose.
Norway said Tuesday it wanted to join the China-backed Asian Infrastructure Investment Bank, even though Beijing has snubbed Oslo since the Nobel Peace Prize was awarded to a Chinese dissident.
Falls in Chinese house prices decelerated in March from the previous month, a survey showed Tuesday, after authorities loosened mortgage and tax policies as growth in the world's second-largest economy slows.
Telekom Austria aims to save around 90 million euros ($97 million) this year in a cost-cutting drive, the America Movil unit said in its 2014 annual report published on Tuesday.
Galeries Lafayette plans to close at least two loss-making department stores in France as it saves its cash for an international expansion aimed at tapping high-spenders from emerging markets to counter weak demand at home, unions said on Tuesday.