France''s PSA Group plans to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new European car company to challenge market leader Volkswagen.
Gold was little changed on Monday, supported by safe haven interest amid rising geopolitical tensions over North Korea and a weaker dollar. Investors are closely watching developments after the reclusive state fired four ballistic missiles into the sea of
US President Donald Trump signed a revised ban on travellers from six Muslim-majority nations Monday, scaling back the order to exempt Iraqis and permanent US residents. With his first attempt frozen by federal courts, Trump signed a second order halting
New York cocoa futures were little changed on Monday, with the market's rebound from last week's 9-1/2 year low appearing to have run out of steam, while raw sugar and coffee edged higher. May New York cocoa rose $1, or 0.05 percent, to $1,956 a tonne by
US President Donald Trump signed a revised ban on travellers from six Muslim-majority nations Monday, scaling back the order to exempt Iraqis and permanent US residents. With his first attempt frozen by federal courts, Trump signed a second order halting
Malaysian palm oil futures climbed to their highest levels in two weeks on Monday, charting a fifth straight day of gains on stronger soyaoil and forecasts of weaker output.
Prime Minister Muhammad Nawaz Sharif on Monday said that Pakistan offered an ideal and conducive environment for foreign investments urging the Kuwaiti business community to explore investment opportunities in Pakistan.
Prime Minister Muhammad Nawaz Sharif on Monday said that Pakistan offered an ideal and conducive environment for foreign investments urging the Kuwaiti business community to explore investment opportunities in Pakistan.
Prime Minister Muhammad Nawaz Sharif on Monday said that Pakistan offered an ideal and conducive environment for foreign investments urging the Kuwaiti business community to explore investment opportunities in Pakistan.
Benchmark Tokyo rubber futures ended up 1.1 percent on Monday after hitting their highest in more than a week earlier, but the gains were capped by a stronger yen, which makes Japanese currency-denominated assets more expensive when purchased in other cur
The Parliamentary Committee on National Accountability Law on Monday reached a consensus that any person or office-holder who is convicted of corrupt practices would be banned from holding any public or government office for lifetime.
Oil prices whipsawed Monday, turning negative after the International Energy Agency forecast potential shale oil growth and waning European refined product demand, which bodes poorly for global efforts to remove a glut.
The Parliamentary Committee on National Accountability Law on Monday reached a consensus that any person or office-holder who is convicted of corrupt practices would be banned from holding any public or government office for lifetime.
Nigerian troops have destroyed 80 oil refineries in the restive Niger Delta region in the last 10 days, a military spokesman said on Monday, weeks after the vice president said work needs to be offered to people who make a living from the practice.
The Berlin-based Transparency International (TI) in its corruption barometer index of Asia, 2016 has claimed that corruption in Pakistan has decreased from 2013 to 2016. Approximately 900 million -or just over one in four - people living in 16 countries i
Copper prices fell to a more than one-week low on Monday on concerns the metal had extended too much but supply disruptions at the world's two biggest copper mines provided some support. Three-month copper on the London Metal Exchange closed 1 percent low
The Berlin-based Transparency International (TI) in its corruption barometer index of Asia, 2016 has claimed that corruption in Pakistan has decreased from 2013 to 2016. Approximately 900 million -or just over one in four - people living in 16 countries i
Shanghai Futures Exchange copper slipped by 0.5 percent to 47,890 yuan ($6,945) a tonne on Monday amid risk-off sentiment in broader markets, but supported by protracted disruptions at the world's two biggest copper mines.
Pakistan People's Party Parliamentarians (PPPP) on Monday announced nine recommendations for extension in the tenure of military courts, proposing a one-year tenure for each court to be presided over by one sessions or additional sessions judge along with
Whatever the situation on the ground, Finance Minister Ishaq Dar has earned the reputation of making tall claims. He has also exhibited his dexterity in one key area of human activity: he is good at giving a positive spin to economic indicators. Talking t
Pakistan People's Party Parliamentarians (PPPP) on Monday announced nine recommendations for extension in the tenure of military courts, proposing a one-year tenure for each court to be presided over by one sessions or additional sessions judge along with
Since the launch of the Radd-ul-Fasaad operation, which took the terrorists head-on, seems to be the determined policy of the government. When evidence emerged that the carnage at the shrine of Lal Shahbaz Qalandar and suicide-bombing opposite the Punjab
The government is likely to reduce General Sales Tax (GST) to 17 percent from 20 percent on furnace oil consumed by the Independent Power Producers (IPPs) for power generation, well informed sources told Business Recorder.
The Pakistan Bureau of Statistics (PBS) has released recently the findings from the Household Integrated Economic Survey (HIES) of 2015-16. There is need to appreciate the efforts of PBS in undertaking this survey frequently and analyzing the data so rapi
The government is likely to reduce General Sales Tax (GST) to 17 percent from 20 percent on furnace oil consumed by the Independent Power Producers (IPPs) for power generation, well informed sources told Business Recorder.
Pakistan, the Cricket Board (PCB), the government and the security forces are to be congratulated on managing to stage the Pakistan Super League (PSL) cricket final successfully and without incident in Lahore on March 5. Pakistani cricket-starved fans sho
The government is likely to reduce General Sales Tax (GST) to 17 percent from 20 percent on furnace oil consumed by the Independent Power Producers (IPPs) for power generation, well informed sources told Business Recorder.
Cruise missiles, floating mines and a remote-controlled boat have been deployed to attack ships in Yemen in recent months, changing the dynamic of the two-year-old war and pushing the country closer to famine, shipping and aid officials say.
The Securities and Exchange Commission of Pakistan (SECP) has launched a crackdown against illegal mode of financing (in-house badla) by the brokers through an extensive inspection, investigation and enforcement programme.
Travel broadens the horizons of the mind and gives an understanding of the mysteries of the universe. Being a journalist, I have always had this yearning to visit far off lands to learn first-hand about other people and their cultures.
The Securities and Exchange Commission of Pakistan (SECP) has launched a crackdown against illegal mode of financing (in-house badla) by the brokers through an extensive inspection, investigation and enforcement programme.
Pakgen Power Limited (PSX: PKGP) was incorporated in 1995 with the registered head office based out of Lahore. The company originally started its commercial operations in February 1998. The principal activities of the power company are to own, operate and
The Securities and Exchange Commission of Pakistan (SECP) has launched a crackdown against illegal mode of financing (in-house badla) by the brokers through an extensive inspection, investigation and enforcement programme.
Pakgen Power Limited (PSX: PKGP) was incorporated in 1995 with the registered head office based out of Lahore. The company originally started its commercial operations in February 1998. The principal activities of the power company are to own, operate and
Pakistan Stock Exchange (PSX) opened on a positive note Monday. The benchmark KSE-100 index hit 49,839.20 points intra-day high, up by 217 points. However, the market witnessed heavy selling pressure at the fag end as investors opted to book profit that p
An efficient approach to Corporate Social Responsibility (CSR) investment is likely to produce the most constructive results for both these businesses and society as it is likely to establish the most efficient and effective distribution of resources from
Pakistan Stock Exchange (PSX) opened on a positive note Monday. The benchmark KSE-100 index hit 49,839.20 points intra-day high, up by 217 points. However, the market witnessed heavy selling pressure at the fag end as investors opted to book profit that p
The Ministry of Water and Power has requested the Ministry of Petroleum to divert 300 million cubic feet per day (MMCFD) of domestic gas to inefficient generating plants (Gencos) before the start of summer 2017.
Pakistan Stock Exchange (PSX) opened on a positive note Monday. The benchmark KSE-100 index hit 49,839.20 points intra-day high, up by 217 points. However, the market witnessed heavy selling pressure at the fag end as investors opted to book profit that p
Punjab Chief Minister Muhammad Shahbaz Sharif on Monday said Pakistan cannot progress without empowering women and extending them equal opportunities for success.
On Monday, BRIndex30 opened at 28,706.46 points. It touched an intraday high of 28,974.84 points and an intraday low of 28,479.29 points and closed at 28,613.95 points which was -92.51 points or -0.32 percent lower than previous close. Total volume was 22
The adoption of the AJ&K Income Tax (Adaptation and Validation) Act, 2016 by Azad Jammu and Kashmir (AJK) government would maintain parity between income tax law in AJK and Income Tax regime in Pakistan.
On Monday, BRIndex30 opened at 28,706.46 points. It touched an intraday high of 28,974.84 points and an intraday low of 28,479.29 points and closed at 28,613.95 points which was -92.51 points or -0.32 percent lower than previous close. Total volume was 22
The Badge award ceremony of 2nd special advanced training course of Uqaab Force was held at PAF Base Kallar Kahar on Monday. According to a press release of PAF, Chief of the Air Staff Air Chief Marshal Sohail Aman was the chief guest on the occasion. A t
Pakistan and India will hold talks on various aspects of the Indus Waters Treaty (IWT) in Lahore on 20 and 21 March. The meeting of the Permanent Indus Commission (PIC) will take place nearly six months after New Delhi decided to suspend talks on the pact
Livestock farmers have urged Khyber Pakhtunkhwa government to open milk and meat farms and facilitate local people because they were facing shortage of quality in the province. This suggestion was given by the newly elected office bearers of Livestock Ass
Pakistan and India will hold talks on various aspects of the Indus Waters Treaty (IWT) in Lahore on 20 and 21 March. The meeting of the Permanent Indus Commission (PIC) will take place nearly six months after New Delhi decided to suspend talks on the pact
Pakistan and India will hold talks on various aspects of the Indus Waters Treaty (IWT) in Lahore on 20 and 21 March. The meeting of the Permanent Indus Commission (PIC) will take place nearly six months after New Delhi decided to suspend talks on the pact
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
Five soldiers martyred and 10 militants killed in a co-ordinated overnight raid at several border posts on the frontier with Afghanistan, the military said Monday. The fighting took place in Mohmand, one of tribal districts that form a buffer zone between
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
Five soldiers martyred and 10 militants killed in a co-ordinated overnight raid at several border posts on the frontier with Afghanistan, the military said Monday. The fighting took place in Mohmand, one of tribal districts that form a buffer zone between
Pakistan on Monday decided to open border crossings at Torkham and Chaman only for two days - Tuesday and Wednesday - to facilitate those Afghan nationals who had come to the country on valid visas, and wish to return to their country.
Pakistan on Monday decided to open border crossings at Torkham and Chaman only for two days - Tuesday and Wednesday - to facilitate those Afghan nationals who had come to the country on valid visas, and wish to return to their country.
Pakistan on Monday lodged a strong protest with Afghanistan over the cross-border terrorist attack, which resulted in loss of 6 soldiers, and urged the Afghan government to take firm action against the terrorists operating from its soil. "5 Pakistani sold
Pakistan on Monday lodged a strong protest with Afghanistan over the cross-border terrorist attack, which resulted in loss of 6 soldiers, and urged the Afghan government to take firm action against the terrorists operating from its soil. "5 Pakistani sold
Pakistan on Monday formed a three-member tribunal headed by a former judge to investigate a spot-fixing case allegedly involving two players in a recent Twenty20 league match. Sharjeel Khan and Khalid Latif were unceremoniously sent home after the first m
Pakistan on Monday formed a three-member tribunal headed by a former judge to investigate a spot-fixing case allegedly involving two players in a recent Twenty20 league match. Sharjeel Khan and Khalid Latif were unceremoniously sent home after the first m