The government took neither Parliament nor the business community into confidence on additional taxes of Rs 40 billion with the formal sector complaining that the package would disadvantage them against the informal sector. Talking to Business Recorder
The government took neither Parliament nor the business community into confidence on additional taxes of Rs 40 billion with the formal sector complaining that the package would disadvantage them against the informal sector. Talking to Business Recorder
The government took neither Parliament nor the business community into confidence on additional taxes of Rs 40 billion with the formal sector complaining that the package would disadvantage them against the informal sector. Talking to Business Recorder
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 01, 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
HIV/AIDS has attracted international health and political attention as well as large-scale funding since it was identified in 1980. It has touched lives adversely, leaving behind tears and fears and is now one of the greatest Socio-development problem and
On the occasion of World AIDS Day with the theme "Getting to Zero" I take this opportunity to highlight the commitment of the department to eradicate the disease in letter and spirit.
I have the utmost pleasure to mark the World AIDS Day 2015 with the theme "Getting to Zero" organised by the Sindh AIDS Control program reflecting commitment of the concerned officials to highlight the issue of mounting health hazard posed by HIV/AIDS.
I have to address the people of Sindh on the occasion of World AIDS Day 2015 organised by the Sindh AIDS Control Program with the theme "Getting to Zero". The HIV epidemic has emerged as the fast outpacing global health problem stalking substantial segmen
I take this opportunity to felicitate Sindh AIDS control program and all the other stake holders hailing from eminent segment of the population to observe the world AIDS Day with the theme "Getting to zero" in a befitting manner. This gathering of elite p
I am pleased to know that Sindh AIDS Control Program is observing the World AIDS DAY with the theme "Getting to ZERO" with the objective to create awareness among masses about deadly aspect of this burgeoning issue.
It gives me pleasure to know that Sindh AIDS Control Program is observing the World AIDS Day with the theme "Getting to ZERO". The Provincial Government at all level is fully committed to control the lethal disease by utilising all available resources inv
PTCL extends profound felicitations to the people of the United Arab Emirates at the country's 44th National Day. This auspicious day is a celebration of years of hard work and perseverance borne through immense commitment towards growth and progress.
Owned and operated by the Abu Dhabi Group, Bank Alfalah has emerged as a leading and one of the fastest growing banks in Pakistan. As a business, we have never stood still. Over the years we have expanded our network, invested in new technology and develo
The United Arab Emirates commemorates its 44th National Day on December 2, one of the most important milestones in its history. This day embodies the Spirit of the Union and celebrates 44 years of great achievements since the federation was established in
Premiums for Vietnamese coffee to global robusta futures widened this week, while buying has been moderate on steady demand from roasters, traders said on Tuesday. While the 2015/16 crop harvest in the world's largest robusta producing nation has entered
Russia, one of the world's largest wheat exporters, may harvest 100 million tonnes of grain in 2016, agriculture consultancy SovEcon said on Tuesday, citing preliminary estimates. Russian officials are yet to issue their estimate for the 2016 crop, but th
On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,080 million. The number of lots traded was 13.69 million. PMEX Commodity Index closed at 2,570. Major business was contributed by gold amounting to PKR 2,723 million followed by cru
Export premiums for corn and soyabeans shipped from the US Gulf Coast were slightly firmer on Monday amid scattered demand, traders said. Weekly inspections of US soyabeans for export were 1.84 million tonnes, above analysts' expectations for 1.45 million
Paris wheat futures closed flat on Monday after earlier touching their lowest level in more than a month as a hefty surplus curbed enthusiasm about a euro-fuelled upturn in exports. March milling wheat, the most active contract on the Euronext market, set
US natural gas futures edged higher on Monday after earlier falling to a fresh all-time low on forecasts for warmer weather and weaker-than-normal heating demand through the middle of December. Front-month gas futures on the New York Mercantile Exchange c
The Karachi Port handled 181,822 tonnes of cargo comprising 156,402 tonnes of import cargo and 25,420 tonnes of export cargo including 5,994 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 15
Trading activity showed a significant increase on the cotton market on Tuesday on rising fears of short supply, dealers said. The official spot rate was down by Rs 50 to Rs 5,300, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2800 and
Basis bids for hard red winter wheat were mostly unchanged in the southern US Plains on Monday, with icy roads limiting grain movement in some areas, grain merchandisers said. Basis dropped 5 cents at an elevator in Catoosa, Oklahoma, as buyers have begun
No change was seen in the present outlook on the wholesale grain market on Tuesday as most of the commodities maintained overnight levels in the process of trading, dealer said. On the cereals side, Makai low type was up by Rs 125 to Rs 2500 and the best
Cotton futures dropped the most in a single session in more than a month on Monday, pulling back from sharp gains last week as the US dollar rose to a more than eight-month high and pressured greenback-traded commodities like cotton. "It got a little ahea
Shanghai Futures Exchange copper rose 0.8 percent to 35,150 yuan ($5,493) a tonne on Tuesday after China's factories slowed in November, underlining the headwinds facing demand. Manufacturing activity in China hit a three-year low in November, an industry
Copper firmed on Tuesday on output cut plans in top metal user China, but gains were capped by data showing China's factory activity slowed in November, underlining the headwinds facing demand. Ten major copper smelters in China, which consumes nearly hal
Benchmark Tokyo rubber futures rose on Tuesday, backed by firmer Shanghai stock market and rubber futures, helping offset weak manufacturing data in top buyer China, dealers said. The Tokyo Commodity Exchange rubber contract for May delivery finished 2.0
US soyabean futures hit three-week highs on Monday on bargain buying and a technical rebound from long-term lows established last week, traders said. Corn also firmed at the Chicago Board of Trade while wheat ended mixed, with nearby contracts pressured b
Malaysian palm oil futures fell on Tuesday, reversing gains made in early trade, as traders expect high inventories and weak export demand ahead of government data. The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange ended
Raw sugar futures on ICE surged more than 3 percent on Tuesday, taking back much of the prior week's losses in a flurry of short-covering as the currency in top grower Brazil firmed and rain in the country's main cane region hindered harvest. Cocoa future
Gold rose 1 percent on Monday but remained close to its lowest level in almost six years and was on track for its steepest monthly slide in 2-1/2 years on prospects of a US interest rate rise this year as the dollar hit a multi-month high. Spot gold was u
Gold jumped nearly 1 percent on Tuesday, extending gains above a near-six-year low on short covering and as the dollar dipped from multi-month highs. Spot gold rose to a session high of $1,074.34 an ounce, before giving up some gains to trade up 0.7 perce
Gold rose for a second day on Tuesday, rebounding from last week's 5-1/2 year low, as a retreat in the dollar prompted investors to cover short positions ahead of a European Central Bank (ECB) meeting and US payrolls data this week. The dollar slid from a
Ukraine exported about 3.3 million tonnes of grain from its seaports in November compared with 3.9 million in October, analyst UkrAgroConsult said on Tuesday. The exports consisted of 1.27 million tonnes of wheat, 224,200 tonnes of barley and 1.76 million
US soyabean futures climbed to a one-month high on Tuesday, led by the soyameal market on bargain buying and concerns that a slowing US soya crushing pace might tighten supplies of the animal feed ingredient, analysts said. Corn futures on the Chicago Boa
A Singaporean accused of leading the world's largest football match-fixing syndicate was rearrested in the city-state Tuesday about a week after he was freed by the country's highest court, local media reported. Businessman Dan Tan, who was arrested in Se
Bank of Montreal reported a higher quarterly profit on Tuesday, benefiting from growth in its US personal and commercial banking unit, and it increased its quarterly dividend. The lender, Canada's fourth-largest bank, said it would lift its dividend to 84
Bank of Montreal reported a higher quarterly profit on Tuesday, benefiting from growth in its US personal and commercial banking unit, and it increased its quarterly dividend. The lender, Canada's fourth-largest bank, said it would lift its dividend to 84
Niger's economic growth will slow to 4.4 percent this year because of security concerns and slumping commodity prices, the International Monetary Fund said after an annual review on Monday. The West African country produces oil and uranium and reported GD
Niger's economic growth will slow to 4.4 percent this year because of security concerns and slumping commodity prices, the International Monetary Fund said after an annual review on Monday. The West African country produces oil and uranium and reported GD
Argentina's economic paralysis will probably get worse next year, a Reuters poll showed on Tuesday, as a newly elected president scales back state intervention, hoping for a swift recovery. While far from the dark days of crisis 15 years ago, rampant stag
Billionaire Andre Esteves, arrested on charges related to Brazil's huge Petrobras corruption probe, has resigned as chairman and CEO of Latin America's largest independent investment bank, it said late Sunday. BTG Pactual did not refer in the statement to
Japanese capital expenditure rose at the fastest pace in more than eight years in July-September from a year earlier, in an encouraging sign that economic performance over the summer was not as weak as initially thought. The data suggest that revised gros
Indonesia sold 9 trillion rupiah ($653.12 million) worth of bonds at an auction on Tuesday, above the indicative target of 6 trillion rupiah, the finance ministry's financing and risk management office said. The weighted average yield for the three-month
Indonesia sold 9 trillion rupiah ($653.12 million) worth of bonds at an auction on Tuesday, above the indicative target of 6 trillion rupiah, the finance ministry's financing and risk management office said. The weighted average yield for the three-month
Greece's central bank and police were on alert Monday to thwart any cyberattack against three Greek banks after a threat by hackers demanding bitcoin as ransom, officials said. A police source said a group named Armada Collective had demanded 700 units of
South Korean exports fell for an 11th straight month in November, while foreign orders shrank at a sharper pace, pointing to a further deterioration in global demand and prompting some analysts to call for more interest rate cuts. November export data and
Chinese investors are paying $400 million for a stake in the group that owns soccer clubs including England's Manchester City and New York City FC, the country's most significant overseas investment in the game. The consortium is led by China Media Capita
Turkish manufacturing activity grew at its fastest rate this year in November, benefiting from a stronger lira after November's election re-run restored the AK Party to single party government. The PMI rose above the no-change mark of 50.0 in November, po
Bank of Nova Scotia reported a higher quarterly profit on Tuesday, helped by asset growth and favourable foreign exchange moves, but weakness at its capital markets business and an increase in bad energy loans weighed on investor sentiment. Shares of Scot
Bank of Nova Scotia reported a higher quarterly profit on Tuesday, helped by asset growth and favourable foreign exchange moves, but weakness at its capital markets business and an increase in bad energy loans weighed on investor sentiment. Shares of Scot
A tiny Tokyo noodle shop joined the ranks of the world's top restaurants Tuesday as it scooped up a star from the respected Michelin Guide. The food bible gave a nod to nine-seat Tsuta - a first for a ramen eatery - as Tokyo also kept its title as the wor
Britain's seven top lenders have passed the Bank of England's stress tests, the central bank said Tuesday in its latest healthcheck on the sector. The BoE's Prudential Regulation Authority (PRA) watchdog concluded that the sector has adequate capital to s
Canada pulled out of recession in the third quarter as an acceleration in exports revived growth, supporting expectations the Bank of Canada will be content to keep interest rates where they are for some time. Gross domestic product increased at an annual
Brazil's economy shrank 1.7 percent in the third quarter, deepening its worst recession in 25 years and starving President Dilma Rousseff's government of taxes as she struggles with a growing fiscal deficit and a vast corruption scandal. The quarterly con
France's unemployment rate is now above the eurozone average for the first time since 2007, according to Eurostat data, offering a stark reminder of the Socialist government's struggle to turn a shaky recovery into jobs. The French unemployment rate stood
Australia's central bank kept interest rates steady for a seventh month on Tuesday as data showed exports provided a huge lift to the economy last quarter and helped fill a gaping hole left by business investment. The Reserve Bank of Australia (RBA) did a
France's premier Tuesday urged tourists to come to Paris, spend money and enjoy the capital's cultural attractions to help boost the city in the wake of deadly jihadist attacks. "Come to Paris, security conditions are assured," Prime Minister Manuel Valls
India's central bank kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. At its last meeting in September, the Reserve Bank of India (RBI) sla
Global manufacturing growth remained tepid in November as new orders came in at a slower pace and factories ran down existing orders, a survey showed on Tuesday. J.P. Morgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, ca
Global manufacturing growth remained tepid in November as new orders came in at a slower pace, surveys showed on Tuesday. Europe saw steady growth in factory activity but reports from the Americas and Asia cast doubt on the strength of global economic gro
Several major Middle Eastern stock markets rose on Tuesday, led by Qatar, which recovered steep losses triggered the previous day by MSCI's rebalancing of its emerging markets index. Qatar's stock index tumbled 4.4 percent on Monday as MSCI added overseas
Hong Kong shares jumped nearly 2 percent on Tuesday, their biggest one-day percentage gain in almost three weeks, as investors responded positively to news that the yuan would be granted global reserve currency status. The Hang Seng index rose 1.8 percent
Indian shares edged higher on Tuesday as the central bank left the door open for more monetary easing after keeping rates on hold as widely expected, while broader sentiment was also supported by strong gains in Asian markets. The Reserve Bank of India ke
Wall Street kicked off the last month of the year on a positive note as investors look out for key economic data and policy decisions by central banks. Stocks pared early gains after data showed the US manufacturing sector contracted in November, falling
US stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks. The three major stock indexes posted a second straight month of gains, however, helped by financial shares, which were up 1
US Treasuries prices were little changed on Monday ahead of a busy calendar of speeches from several Federal Reserve officials and key economic data expected during the week. Top Fed officials including Chair Janet Yellen will speak this week, as investor
US Treasuries prices were little changed on Monday ahead of a busy calendar of speeches from several Federal Reserve officials and key economic data expected during the week. Top Fed officials including Chair Janet Yellen will speak this week, as investor
Tokyo's benchmark stock index closed on Tuesday above the key 20,000 mark for the first time since late August thanks to upbeat data on investment by Japanese companies. The better-than-expected 11.2 percent jump in third-quarter capital spending opens th
China stocks posted modest gains on Tuesday, as persistent signs of weakness in the economy and liquidity concerns reined in any feel-good mood generated by the International Monetary Fund's decision to grant the yuan reserve currency status. After a vola
European shares fell on Tuesday, weighed down by a slump in Linde after the world's biggest industrial gases company by sales cut its 2017 profit target. Linde tumbled 14.3 percent, dragging down sector peer Air Liquide, and together they took the most po
Sri Lankan shares fell for a fifth straight session on Tuesday to their eight-month closing low, led by diversified and telecommunications stocks on worries earnings of financial firms would fall after the new budget proposals announced were implemented.
Most Southeast Asian stock markets rose on Tuesday amid mixed fund flows and short-covering activities, but the Thai benchmark index extended losses for a sixth session due to extensive foreign selling. The Thai SET index ended the day 0.2 percent lower,
Britain's top share index gained on Tuesday as the banking sector rose after passing Bank of England (BoE) stress tests, making up for underperforming European indexes in the previous session. Financial stocks added nearly 20 points to a 39.56 point advan
The Sri Lankan rupee ended little changed near its record low on Tuesday as importer dollar demand was offset by inward remittances, dealers said. Inward remittances for the festival season would ease the pressure on the local currency, they added. The ru
The dollar stepped back on Tuesday after nearing a 13-year high against a basket of currencies as traders bought back the euro, long depressed by expectations of aggressive policy easing from the European Central Bank. The dollar index slipped 0.2 percent
The euro bounced back from a 7-1/2-month low on Tuesday, as doubts crept in over whether the European Central Bank will deliver enough to push the euro down further at a meeting on Thursday, and after European economic data beat forecasts. The single curr