Chief Minister Sindh Syed Qaim Ali Shah on Tuesday blamed power cuts for over 500 deaths across the province, conceding that 'somewheere negligence has happened'. Speaking during Sindh Assembly session, he said that the K-Electric Managing Director had ne
Sindh government announced public holiday for today (Wednesday) across the province against power outages. according to a private TV. According to a circular issued from office of provincial information minister, holiday has been announced in view of inte
Sindh government announced public holiday for today (Wednesday) across the province against power outages. according to a private TV. According to a circular issued from office of provincial information minister, holiday has been announced in view of inte
The death toll due to the punishing heatwave continues to soar in the metropolis as it has claimed as many as 800 lives so far, health and rescue officials said. Attributing the unprecedented casualties to deadly heatwaves, Provincial Health Minister Jam
The death toll due to the punishing heatwave continues to soar in the metropolis as it has claimed as many as 800 lives so far, health and rescue officials said. Attributing the unprecedented casualties to deadly heatwaves, Provincial Health Minister Jam
All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide ''''black day'''' against deaths
All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide ''black day'' against deaths of
All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide 'black day' against deaths of ne
All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide 'black day' against deaths of ne
Provinces have been able to generate only Rs 146 billion against budgeted Rs 289 billion surplus for the current fiscal year as their share in federal taxes and straight transfers was reduced commensurate with a shortfall in revenue collection. An officia
Provinces have been able to generate only Rs 146 billion against budgeted Rs 289 billion surplus for the current fiscal year as their share in federal taxes and straight transfers was reduced commensurate with a shortfall in revenue collection. An officia
Provinces have been able to generate only Rs 146 billion against budgeted Rs 289 billion surplus for the current fiscal year as their share in federal taxes and straight transfers was reduced commensurate with a shortfall in revenue collection. An officia
The government Tuesday limited scope of the Universal Self Assessment Scheme (USAS) for all categories of taxpayers including companies and only those income tax return filers would qualify for USAS, who have timely filed their returns and deposited tax l
The government Tuesday limited scope of the Universal Self Assessment Scheme (USAS) for all categories of taxpayers including companies and only those income tax return filers would qualify for USAS, who have timely filed their returns and deposited tax l
The government Tuesday limited scope of the Universal Self Assessment Scheme (USAS) for all categories of taxpayers including companies and only those income tax return filers would qualify for USAS, who have timely filed their returns and deposited tax l
The National Assembly Tues-day approved "Finance Bill 2015" with some amendments to it in the absence of opposition members. The opposition members had left the House in protest against country-wide loadshedding of electricity, the government tried to per
The National Assembly Tues-day approved "Finance Bill 2015" with some amendments to it in the absence of opposition members. The opposition members had left the House in protest against country-wide loadshedding of electricity, the government tried to per
The National Assembly Tues-day approved "Finance Bill 2015" with some amendments to it in the absence of opposition members. The opposition members had left the House in protest against country-wide loadshedding of electricity, the government tried to per
The National Assembly Tues-day approved "Finance Bill 2015" with some amendments to it in the absence of opposition members. The opposition members had left the House in protest against country-wide loadshedding of electricity, the government tried to per
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 5.35 billion as compared to PKR 2.21 billion reported on Friday. The number of lots traded also increased to 30 million from 3.6 million. PMEX Commodity Index increased by 0.60 percen
US natural gas futures fell nearly 3 percent on Monday on expectations for weaker demand in the latest weather forecast, and projections for production to increase. Front-month gas futures on the New York Mercantile Exchange closed down 8.3 cents at $2.73
Spot basis bids for soyabeans fell around the US Midwest on Monday, with supplies plentiful at processors, elevators and river terminals due to recent farmer sales. The basis was weakest at river locations, where high water has slowed movement by barge, r
Export premiums for corn shipped from the US Gulf Coast firmed on Monday for near term shipments as slowed barge movement due to Midwest river flooding lifted CIF basis values, raising grain acquisition costs for exporters, traders said. FOB soyabean basi
Chicago Board of Trade wheat futures rose more than 2 percent on Monday, rising above $5 a bushel for the first time in a week on technical buying and concerns about harvest delays in the US Midwest, traders said. Large speculators continue to hold a net
European wheat prices rose on Monday, supported by a strong US market and further dry weather in Europe but trade was light due to a lack of international demand linked to strong competition from Black Sea origins. December milling wheat, the new-crop ben
The Karachi Port handled 83,389 tonnes of cargo comprising 48,392 tonnes of import cargo and 34,997 tonnes of export cargo including 4,284 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 48,3
The July vaida was lower on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The July vaida closed at Rs 1842.20 and it opened with a fall of 30 paisa at Rs 1841.90 in the morning session, they said. The December v
Selective buying was witnessed on the cotton market on Tuesday, main participants were on the sideline in the absence of guiding factors, dealers said. The official spot rate continued weakness, dropping more Rs 50 to Rs 5250, dealers said. In the ready s
ICE Canadian canola futures climbed on Monday to its highest nearby price since September 2013, driven by weather concerns and technical buying. Weekend rains were disappointing in some areas of Canadian Prairies, a trader said. The patchy Canadian canola
Rice prices fell on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the rice sector, Irri-6 Sindh low type was down by Rs 25 to Rs 3125 and the good type fell by Rs 50 to Rs 3200, Basmati D-98 Shahdadkot lost Rs 20
Fiat Chrysler Automobiles (FCA) will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on
New Zealand farmers' confidence slumped to its lowest level in nine years in the second quarter as sharply lower dairy prices and the prospect of little improvement in the near term weighed on sentiment, a survey showed on Tuesday. A Rabobank survey said
Opec member Algeria recorded a trade deficit of $6.3 billion for the first five months of 2015, compared to a $3.44 billion surplus a year earlier, due to lower energy earnings after global oil prices slumped, official data showed on Tuesday. That pushed
Singapore's annual core inflation in May hit a five-year low, data showed on Tuesday, giving the central bank leeway to ease monetary policy if economic growth disappoints in coming months. The Monetary Authority of Singapore's core inflation gauge in May
China imported 4.89 million tonnes of coal from Australia in May, down 37.6 percent from the corresponding period last year, figures from the country's customs authority showed on Tuesday. The figure was also down 25.9 percent from April, despite some pre
Carnival Corp, the world's largest cruise operator, forecast earnings for its most important quarter below analysts' estimates, citing a stronger dollar and growing fuel costs. While second-quarter fuel costs were 37 percent lower than last year, a recove
Carnival Corp, the world's largest cruise operator, forecast earnings for its most important quarter below analysts' estimates, citing a stronger dollar and growing fuel costs. While second-quarter fuel costs were 37 percent lower than last year, a recove
Taiwan's export orders in May fell at their fastest pace in more than two years, darkening the outlook for global technology demand that will likely hurt the island's technology exports. The worse-than-expected 5.9 percent annual decline in May came again
Denmark's central bank on Monday said a new government should impose tighter fiscal policy and remain open to immigration, proposals that put it at odds with centre-right parties that won an election last week and are trying to form a cabinet.
The United States and China candidly laid bare their differences Tuesday as they grapple with managing future ties, with both sides insisting confrontation was not in the world's interests. At the start of key annual talks, US Vice President Joe Biden sha
Algerian financier Rafik Khalifa was jailed for 18 years Tuesday for embezzling from his own bank to finance a lavish lifestyle that included a French villa and a private jet. The 49-year-old ex-golden boy, who built and lost an empire while still in his
Hungary has suspended the application of a key EU asylum rule, according to which a migrant's claim should be processed in the EU country they first arrive in, a government spokesman said on Tuesday. "The boat is full," Zoltan Kovacs told Austrian media,
US President Barack Obama moved closer Tuesday to winning fast-track authority to clinch a huge trans-Pacific trade deal, after Senate opponents failed in their final attempt to block it. In a procedural vote, the Republican-dominated Senate voted 60-37 i
Afghan government forces regained control of a key district near the northern city of Kunduz on Tuesday, after Taliban fighters had threatened to capture a provincial capital for the first time since being driven from power in 2001. Tuesday's victory came
Hundreds of protesting French sailors on Tuesday forced the suspension of Eurotunnel services between France and Britain in both directions after torching tyres on the tracks, causing traffic and travel chaos. The demonstrations also sparked a scramble am
Hundreds of agents scoured a remote area Tuesday, chasing more than 2,000 leads in a nearly three-week manhunt for two dangerous killers on the run from a New York jail. Richard Matt, 49, and David Sweat, 35, escaped from the Clinton Correctional Facility
North Korea's highest court on Tuesday sentenced two South Koreans accused of spying to hard labour for life, its state media said, calling the punishment a lesson for those who conspire with Washington and Seoul. The report of the sentencing came as the
The number of foreign tourists visiting Russia grew by 16 percent in the first quarter compared with a year earlier, helped by a devalued ruble amid Western sanctions, a tourism official told AFP on Tuesday. "Almost five million foreign tourists have visi
BlackBerry Ltd said on Tuesday its turnaround gained traction as sales at its crucial software segment rose in the first quarter and its broader revenue slide began to ease, sending its shares up 4.3 percent. Quarterly revenue totalled $658 million in the
BlackBerry Ltd said on Tuesday its turnaround gained traction as sales at its crucial software segment rose in the first quarter and its broader revenue slide began to ease, sending its shares up 4.3 percent. Quarterly revenue totalled $658 million in the
French private sector business activity grew at its fastest in almost four years in June as the manufacturing sector pulled out of recession, suggesting the second-largest euro zone economy is finally beginning to recover. Data compiler Markit said its pr
Top bankers in Britain could have their bonuses clawed back a decade after they were awarded under proposals from regulators on Tuesday that would make industry pay curbs the toughest in the world. Critics said the plans meant that British banks would hav
A gauge of US business investment spending plans rose in May in a tentative sign of stabilisation in the manufacturing sector, which has been weak since the late summer of 2014. But the lingering effects of lower oil prices and a strong dollar will contin
3M Co said on Tuesday that it would buy protection equipment company Capital Safety from private equity firm KKR & Co for $1.8 billion, the largest acquisition in the US diversified manufacturer's history. The acquisition of Capital Safety, which sells ha
China's top economic planner has approved two subway system projects worth 129.8 billion yuan ($20.91 billion), according to documents published on Tuesday, continuing a run of infrastructure approvals as the government looks to support its slowing econom
Dutch retail giant Ahold and its Belgian rival Delhaize are on the verge of a merger announcement to create one of the world's largest retail companies, Dutch financial daily Het Financieele Dagblad reported on Tuesday. Citing sources close to the deal, t
Eurozone private businesses expanded at their fastest pace in four years this month, a survey showed on Tuesday, providing the clearest signs yet of a solid recovery in the region. The bright readings for the euro zone were complimented by surveys out of
Australian house prices have risen for the 10th straight quarter led by another outsized gain in Sydney, adding to concerns about an overheating market and diminishing affordability in the city. Tuesday's data from the Australian Bureau of Statistics show
China's factory activity showed signs of stabilising in June, with two private surveys suggesting the economy may be regaining some momentum even as many analysts expect further policy support to ensure the recovery becomes more sure-footed. The HSBC/Mark
A leap by the shares of United Arab Emirates telecommunications operator Etisalat boosted Abu Dhabi's stock market sharply on Tuesday, while Saudi Arabia stabilised after six straight trading days of declines. Etisalat said local and foreign institutions
Tokyo's benchmark Nikkei index climbed 1.87 percent Tuesday to close at a new 15-year high on hopes for a Greek bailout deal. The Nikkei 225 index soared 381.23 points to end at 20,809.42, after busting through 20,700 for the first time since April 2000.
US stocks trimmed earlier gains and were mostly negative in late morning trading after comments from Federal Reserve Governor Jerome Powell that the economy could be ready for interest rate increases twice this year. The Nasdaq Composite index touched a r
US stocks ended higher on Monday, with the Nasdaq closing at a record as hopes grew that a deal would be reached to prevent Greece from defaulting on loans. Equities have been largely driven by the situation in Greece of late, with investors concerned tha