The federal government, on the directives of Prime Minister Nawaz Sharif, is going to form a "special security division" (SSD) to provide security to the multibillion dollars projects related to China Pakistan Economic Corridor (CPEC). The move comes on t
The government will raise gas prices from July 1, 2015, a senior Petroleum Ministry official revealed to Business Recorder. He said that there had been no increase since January 2013 and now the relevant officials have started preparing a working p
The government will raise gas prices from July 1, 2015, a senior Petroleum Ministry official revealed to Business Recorder. He said that there had been no increase since January 2013 and now the relevant officials have started preparing a working p
The government will raise gas prices from July 1, 2015, a senior Petroleum Ministry official revealed to Business Recorder. He said that there had been no increase since January 2013 and now the relevant officials have started preparing a working p
On Tues-day, BRIndex30 opened at 19,096.66 points. It touched an intraday high of 19,484.35 points and an intraday low of 18,823.03 points and closed at 19,448.98 points which was 352.32 points or 1.84 percent higher than previous close. Total volume was
On Tues-day, BRIndex30 opened at 19,096.66 points. It touched an intraday high of 19,484.35 points and an intraday low of 18,823.03 points and closed at 19,448.98 points which was 352.32 points or 1.84 percent higher than previous close. Total volume was
The Karachi share market recovered from Monday''s slump and gained 517 points to close at 33,023.80 Tuesday. The KSE-100 index hit the intraday high and low of 33,086.52 and 32,352.43 points, respectively with trading turnover contracting to 177 million s
The Karachi share market recovered from Monday's slump and gained 517 points to close at 33,023.80 Tuesday. The KSE-100 index hit the intraday high and low of 33,086.52 and 32,352.43 points, respectively with trading turnover contracting to 177 million sh
The Karachi share market recovered from Monday's slump and gained 517 points to close at 33,023.80 Tuesday. The KSE-100 index hit the intraday high and low of 33,086.52 and 32,352.43 points, respectively with trading turnover contracting to 177 million sh
Chief of Army Staff (CoAS) General Raheel Sharif said the territories of Pakistan and Afghanistan will not be allowed to be used against each other. He added that Pak-Afghan relations will be guided by three principles, Director General Director General I
Chief of Army Staff (CoAS) General Raheel Sharif said the territories of Pakistan and Afghanistan will not be allowed to be used against each other. He added that Pak-Afghan relations will be guided by three principles, Director General Director General I
Prime Minister Nawaz Sharif on Tuesday pledged support to Afghanistan in its fight against the Taliban during a visit to Kabul, the latest sign of a thaw in their once-frosty relationship. Sharif's visit to Kabul, his first since President Ashraf Ghani ca
Prime Minister Nawaz Sharif on Tuesday pledged support to Afghanistan in its fight against the Taliban during a visit to Kabul, the latest sign of a thaw in their once-frosty relationship. Sharif's visit to Kabul, his first since President Ashraf Ghani ca
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
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.863 billion. The number of lots traded was 12,069. PMEX Commodity Index closed at 2,688. Major business was contributed by crude oil amounting to PKR 2.215 billion followed by gold (P
US FOB Gulf corn basis offers were 3 to 4 cents a bushel higher for nearby loadings after the market close on Monday, while soyabean offers also firmed with both markets supported by slow farmer selling and lower futures, traders said. FOB corn offers for
The Karachi Port handled 151,147 tonnes of cargo comprising 125,129 tonnes of import cargo and 26,018 tonnes of export cargo including 3,722 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 12
US natural gas futures ended 2.7 percent lower on Monday after rising over the weekend to their highest since February on forecasts of slightly lower demand and somewhat higher production. Front-month gas futures on the New York Mercantile Exchange closed
ICE Canadian canola futures eased on Monday, pressured by commercial hedges. Funds were seen building a small net long position of 1,000 July contracts, with July trading above its 100-day moving average. Most-active July canola dipped 30 cents at $457.80
Spot iron ore prices jumped to the highest since March as seasonal Chinese demand was faced with limited availability of cargoes, which has helped prices recover by more than a third from last month's decade low. Lower iron ore exports from top suppliers
European wheat futures rose on Tuesday on the back of a short-covering rally in Chicago, but volumes were thin as traders awaited a US government crop report that will offer an initial take on global supply and demand next season. December milling wheat,
Both the futures were unchanged on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The May vaida closed at Rs 1752.00 on Monday and it commenced with no change in the morning session, they said. The July vaida end
Prices stabilised on the cotton market on Tuesday as leading ginners were not keen to make big deals due to limited stock with them, dealers said. The official spot rate was unchanged at Rs 5450, dealers said. In the ready session, over 6000 bales changed
Indian soyaoil futures edged up on Tuesday on a weaker rupee and higher Malaysian palm oil prices, while soyabeans dropped on sluggish export demand for soyameal. A weak rupee makes edible oil imports expensive. The rupee fell on Tuesday. Malaysian palm o
Seed products and Moong prices were higher on the local grain market on Tuesday due to tight supply position, dealers said. On the cereals side, Moong Punjab rose by Rs 250 to 12000, Moong Afghan gained the same amount to Rs 13000, Guwar Sindh quoted at R
Mexican industrial output unexpectedly stagnated in March compared with February, dampening growth hopes and putting pressure on the government's forecast for a third year running. Adjusted for seasonal swings, output was flat in March month-on-month, fig
Before the discovery of large amounts of oil in Lake Albert, Hoima was a forlorn and remote town in Western Uganda, whose main sources of income were farming and the trickle of tourists heading to nearby national parks. A decade later, an oil-fuelled boom
Israel on Monday signed a deal to buy four navy patrol boats from Germany's ThyssenKrupp to protect its offshore gas installations, Defence Minister Moshe Yaalon said. The deal, valued at 430 million euros ($480 million), will significantly improve the na
South Korea accused Pyongyang on Monday of masterminding a work slow-down at the Kaesong joint industrial zone in a bid to push wage-rise demands for the 53,000 North Korean workers employed there. The Unification Ministry, which is urging the 120 South K
China's banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalisation of the deposit rate system eating into their profit margins. The People's Bank of China (PBOC) cut interest rat
Australia on Monday announced plans to go after large multinational firms shifting profits offshore to minimise taxes, with 30 companies in the government's sights. It also outlined proposals to force companies selling digital products, such as streamed c
Dutch retailer Ahold and Belgian supermarket chain Delhaize have begun discussions at the highest level on a possible merger, Belgian newspapers reported on Saturday. The reports in financial newspapers De Tijd and L'Echo, quoting several unnamed sources,
Libya's Arabian Gulf Oil Co (AGOCO) is producing 230,000 to 260,000 barrels per day, a company spokesman said on Sunday, down some 35,000 bpd because a protest closed the Nafoura oilfield. The company's port of Hariga is expecting three tankers to lift oi
India's retail inflation cooled to a four-month low in April on slower annual increases in food costs and industrial output growth slipped to a five-month low in March, boosting odds for an interest rate cut by the central bank next month. Retail prices r
Australia has slashed its foreign aid budget by almost Aus$1.0 billion (US $800 million) with Asian and African countries bearing the brunt, according to budget papers released Tuesday. The aid budget will fall by Aus$980.2 million to Aus$4.1 billion in 2
Verizon Communications Inc is buying AOL Inc in a $4.4 billion bet that a push into mobile video and targeted advertising can help the biggest US telecommunications company find new growth avenues. AOL and its properties, including the Huffington Post, Te
Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labour market and falling unemployment rate could result in healthier wage growth and inflation. The three-month quit rate for non-government
US small business owners gained confidence in April and were surprisingly bullish about capital expenditure plans, further supporting views that economic growth was rebounding after a dismal first quarter. The National Federation of Independent Business s
Airbus on Tuesday carried out the first test flight of a new A400M since one of the military transport planes crashed in Spain over the weekend, killing four people. In a sign of the company's confidence in the plane, the boss of Airbus Military Fernando
LatAm Airlines is wrapping roadshows on Tuesday in the US ahead of a potential sale of debt securities through leads Citigroup, Deutsche Bank and J.P. Morgan, said a source. The borrower is marketing a specialised type of aircraft financing called enhance
Norwegian oil firm Statoil replaced several top executives including its chief financial officer on Tuesday, continuing a shake-up since its chief executive was poached by rival BG Group last October. State-controlled Statoil has lost four board members,
China has adopted the International Monetary Fund's (IMF)standards to calculate its balance of payments data, the Chinese currency regulator said on Tuesday, as authorities work to turn the yuan into a global reserve currency. The State Administration of
Britain has cut its stake in state-rescued Lloyds Banking Group to just under 20 percent after offloading another chunk of shares, the government said Tuesday. The Treasury announced in a statement that it has sold about 2.0 percent of Lloyds for another
The EU and Turkey agreed to update a 20-year-old customs union on Tuesday, while Brussels promised to address Ankara's concerns about a huge European trade deal with the United States. Turkey is a long-standing candidate for EU membership, beginning so-ca
Gulf stock markets were mixed on Tuesday as oil prices swung from loss to gain and it remained unclear whether an agreed truce in Yemen would take effect and stay in place. Saudi-led air strikes pounded the Yemeni capital Sanaa on Tuesday, hours before a
Indian shares fell more than 2 percent on Tuesday, giving up most of their gains made in the previous two sessions, as stocks across the board declined on worries that key land acquisition and tax reforms would be delayed further. Forty-eight stocks of th
Tokyo's benchmark index finished flat on Tuesday after late bargain-hunting offset early losses, while investors nervously eye Greece's tense bailout talks. The Nikkei 225 at the Tokyo Stock Exchange, which was down 0.62 percent at the break, edged up 0.0
US stocks pared most of their early losses on Tuesday after Treasury prices turned positive. Stocks indexes had earlier fallen to their lowest in about a week, tracking European markets amid a global bond rout. Ten-year US Treasury yields, the benchmark f
Wall Street closed lower on Monday as investors fretted about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices. US stocks, which rallied on Friday on a strong jobs report, have been trading
Taiwan stocks were slightly down on Tuesday as early bargain-hunting gave way to concerns about the near-term outlook for local tech companies, and on global market weakness. The main TAIEX index was off 0.1 percent at 9,656.40 as of 0203 GMT, after closi
US Treasury yields rose on Monday before the US government will sell $64 billion in new debt this week, and ahead of a number of economic releases that will give new insight into the pace of US growth. The Treasury is due to sell $24 billion in three-year
US Treasury yields rose on Monday before the US government will sell $64 billion in new debt this week, and ahead of a number of economic releases that will give new insight into the pace of US growth. The Treasury is due to sell $24 billion in three-year