Five Indian soldiers killed and five suspected freedom fighters martyred were killed in a gun battle near the Line of Control (LoC) on Wednesday, a senior police official said.
Five Indian soldiers killed and five suspected freedom fighters martyred were killed in a gun battle near the Line of Control (LoC) on Wednesday, a senior police official said.
Ministry of National Food Security and Research (MoNFS&R) has estimated that sugarcane growers in Sindh, Punjab and KP are expected to suffer a financial loss of upto Rs 133 billion due to less payment by mill owners, well-informed sources told Busines
Ministry of National Food Security and Research (MoNFS&R) has estimated that sugarcane growers in Sindh, Punjab and KP are expected to suffer a financial loss of upto Rs 133 billion due to less payment by mill owners, well-informed sources told Busines
Ministry of National Food Security and Research (MoNFS&R) has estimated that sugarcane growers in Sindh, Punjab and KP are expected to suffer a financial loss of upto Rs 133 billion due to less payment by mill owners, well-informed sources told Busines
For the very first time in history of FATA, the Pak Army has opened women Public Call Office (PCO) in Makeen area of South Waziristan Agency. Security sources told that a woman telephone operator would be appointed to work in women PCO. He said women PCO
An easier trend persisted on the money market on Wednesday as the rupee continued decline in terms of the dollar in process of trading, experts said. Commenting on the free-fall of the rupee against the dollar, some currency analysts said that the rupee m
Indian shares closed higher on Wednesday, led by gains in financial stocks such as HDFC Bank Ltd, as investors awaited cues on the pace of interest rate hikes this year from the US Federal Reserve policy outcome later in the day. The broader NSE index clo
Saudi Arabia's stock market rose on Wednesday, lifted by its expected inclusion in the secondary FTSE emerging market index, while United Arab Emirates' markets were boosted by its top two property companies. The Saudi index gained 0.5 percent to close at
The Australian and New Zealand dollars were on the defensive on Wednesday as the risk of both a global trade war and faster rate hikes in the United States sapped demand for riskier currencies. The Aussie dollar was hovering at $0.7697, having struck a th
Sterling rose half a percent within reach of a one-month high after data showed British workers' pay rose at the fastest pace in nearly 2-1/2 years in the three months to January, cementing expectations the central bank will raise interest rates in May. T
The Sri Lankan rupee rose slightly on Wednesday as exporters sold dollars and remittances boosted inflows, while the gains were capped by importer demand for the US currency in late trade, dealers said. The rupee which traded at 155.90 per dollar in early
Asian currencies moved in a tight range against a firmer dollar on Wednesday ahead of a slew of economic indicators, the foremost being the outcome of a US Federal Open Market Committee meeting later in the day. The greenback retained gains against a bask
China's yuan inched up marginally against the US dollar on Wednesday, with market participants largely sidelined as they await the US Federal Reserve's policy meeting, which is widely expected to announce a rate hike. Market watchers expect the People's B
The dollar rose to a nearly three-week high against a basket of major currencies on Tuesday, as investors awaited clues from the Federal Reserve on its outlook for the US economy and how many interest rate increases it may embark on in 2018. The futures m
The dollar retreated from three-week highs on Wednesday as traders took profits before the Federal Reserve's first expected rate rise of 2018 and focused on whether it will indicate three or four increases are likely this year. Some analysts doubted wheth
The dollar retreated from three-week highs on Wednesday as traders took some profits before the Federal Reserve's first expected rate rise of 2018 and focused on whether it will indicate three or four increases are likely this year. The dollar fell 0.2 pe
The dollar held firm against major currencies on Wednesday as traders look to whether the US Federal Reserve will indicate faster monetary tightening this year, with the first rate increase of 2018 almost unanimously expected later in the day. The Canadia
Chicago Board of Trade corn futures ended fractionally lower on Tuesday after a choppy session as technical selling and fund-driven long liquidation offset support from strong export demand, traders said. CBOT May corn settled down 1/2 cent at $3.74-1/2 p
Chicago Board of Trade wheat futures closed firm on Tuesday in a light technical bounce after Monday's plunge to a seven-week low that was tied to much-needed moisture in the US Plains crop area, traders said. CBOT May wheat settled up 2-1/4 cents at $4.5
An upward trend was again witnessed on the cotton market on Wednesday due persistent demand by spinners and mills, dealers said. Official spot rate was unchanged at Rs 7500, they added. In Sindh and Punjab seed cotton prices were at Rs 2800-3100, they sai
The Karachi Port handled 145,091 tonnes of cargo comprising 112,162 tonnes of import cargo and 32,929 tonnes of export cargo including 3,223 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Late season rains will halt further deterioration of drought-hit Argentine soyabean yields, setting the stage for an estimated crop of at least 40 million tonnes after being trounced earlier in the season by extremely dry weather experts said on Tuesday.
Asia's naphtha crack started the week at a four-session low of $83.35 a tonne, dragged down by higher Brent crude prices. Asia's top naphtha importer Formosa Petrochemical Corp has resumed operations at its 700,000 tonnes per year (tpy) cracker after it w
Euronext wheat was slightly firmer on Tuesday as US futures rose following a sharp plunge on Monday generated by rain falling on parched US wheat belts. May milling wheat on the Paris-based Euronext exchange was up 0.50 euro or 0.3 percent at 162.75 euros
Chicago Board of Trade soyabean futures closed higher on Tuesday on technical buying and short covering one day after the May contract fell to a one-month low, traders said. CBOT May soyabeans settled up 5-3/4 cents at $10.28-1/4 per bushel, a day after f
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,332. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.591 billion and the number of lots traded was 7,494.
Chinese oil tycoon Ye Jianming, chairman of CEFC China Energy, will quit the firm's European operation CEFC Europe, according to the regional headquarters in the Czech capital Prague. "CEFC Europe was informed of a change being prepared in the shareholder
Workers at Amazon's biggest logistics centre in Spain have gone on strike, a first in the country as they demand better pay and conditions, a union said Wednesday. Ana Berceruelo of the CCOO union told AFP the strike started Tuesday night, with 98 percent
Cheerios cereal maker General Mills Inc said a sharper-than-expected increase in freight and commodity costs would hurt full-year profit to a greater degree than it forecast just a month ago, driving its shares down more than 10 percent on Wednesday. The
Cheerios cereal maker General Mills Inc said a sharper-than-expected increase in freight and commodity costs would hurt full-year profit to a greater degree than it forecast just a month ago, driving its shares down more than 10 percent on Wednesday. The
Essar Oil has picked Trafigura and BP to lend it $1 billion to be repaid with cargoes of refined products as the Indian refiner's new owners seek to diversify the firm's financing base, sources with direct knowledge of the matter said. Russian oil major R
Taiwan's export orders in February unexpectedly fell 3.8 percent from a year earlier, mainly due to Lunar New Year distortions, although broader demand for the island's technology sector appeared to remain intact. Export orders in February stood at $32.45
Spain's central bank on Tuesday increased its growth forecast for 2018 to 2.7 percent from 2.4 percent as the government plans to reduce income tax for some workers and hike wages for civil servants. In a statement, it said this reduction in the tax burde
Chinese internet giant Tencent Holdings will step up investments in areas such as video, payment and artificial intelligence, it said after reporting better than expected quarterly net profit thanks to a string of successful IPOs. With a market capitalisa
Chinese internet giant Tencent Holdings will step up investments in areas such as video, payment and artificial intelligence, it said after reporting better than expected quarterly net profit thanks to a string of successful IPOs. With a market capitalisa
With heartfelt pleasure, I congratulate ICI Pakistan Limited on the successful commissioning and commencement of the operations of the 75,000 tons per annum (TPA) Soda Ash Plant capacity expansion. As the Company's founding Business, the Soda Ash Business
On the occasion of the successful commissioning of the 75,000 tons per annum (TPA) Soda Ash Plant capacity expansion, I extend my congratulations to the entire Soda Ash Business team and all members of the ICI Pakistan Limited family. In the five years si
ICI Pakistan Limited has taken a significant step forward with the 75,000 tons per annum (TPA) capacity expansion of its Soda Ash plant at Khewra. This expansion enables the Company to further strengthen its commitment to Pakistan's domestic industry help
For over seven decades, the Soda Ash Business of ICI Pakistan Limited has endeavored to be the flag-bearer of modernization and sustainable growth. The current expansion phase highlights an imperative milestone in achieving that goal. The resilience of ou
The successful commissioning and commencement of operations of the 75 KTPA expansion serves as Phase One of a planned total expansion of 150 KTPA. Founded 74 years ago, ICI Pakistan Limited has a rich history that predates the formation of Pakistan itself
Committed to Cultivating Growth. ICI Pakistan Limited provides essential products for a diverse range of applications in almost every industry in Pakistan. Currently our primary Businesses are Soda Ash, Polyester, Life Sciences and Chemicals & Agri Scienc
A look at how we are giving back in this remote locality. At ICI Pakistan Limited, investment in the communities we operate in, is a strong focus. Our communities support and sustain our operations, and giving back to them is a cornerstone of the Company'
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
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
After ordering Sindh police to arrest Rao Anwar, alleged murderer of Naqeebullah Mehsud, the Supreme Court (SC) constituted an investigation team on Wednesday to probe the suspended SSP Malir. Rao is considered to be the main accused in the murder of Naqe
After ordering Sindh police to arrest Rao Anwar, alleged murderer of Naqeebullah Mehsud, the Supreme Court (SC) constituted an investigation team on Wednesday to probe the suspended SSP Malir. Rao is considered to be the main accused in the murder of Naqe
Privatiz-ation Commission will seek expression of interest (EoI) from private investors for Pakistan International Airline (PIA) minority shareholding within three months, subject to the approval of Cabinet Committee on Privatization (CCoP). This was disc
Privatiz-ation Commission will seek expression of interest (EoI) from private investors for Pakistan International Airline (PIA) minority shareholding within three months, subject to the approval of Cabinet Committee on Privatization (CCoP). This was disc
Privatiz-ation Commission will seek expression of interest (EoI) from private investors for Pakistan International Airline (PIA) minority shareholding within three months, subject to the approval of Cabinet Committee on Privatization (CCoP). This was disc
Five leading telecom companies have collectively approached the Ministry of Finance for massive rationalization of duties and taxes on tele com industry at import as well as domestic stages in the coming budget (2018-19).
Moody's Investors Service says Pakistan's high debt burden, very narrow revenue base, fragile external payments position and high political risk constrain the credit profile. Moody's in its latest report on Pakistan stated that continued material widening
Moody''s Investors Service says Pakistan''s high debt burden, very narrow revenue base, fragile external payments position and high political risk constrain the credit profile. Moody''s in its latest report on Pakistan stated that continued material widen
Moody''''s Investors Service says Pakistan''''s high debt burden, very narrow revenue base, fragile external payments position and high political risk constrain the credit profile. Moody''''s in its latest report on Pakistan stated that continued material
The Quarterly Performance Review (QPR) of the banking sector for the quarter ended 31st December, 2017 has been released by SBP Wednesday. As highlighted in the report, improving asset quality, stable liquidity, robust solvency and slow pick-up in private
The Quarterly Performance Review (QPR) of the banking sector for the quarter ended 31st December, 2017 has been released by SBP Wednesday. As highlighted in the report, improving asset quality, stable liquidity, robust solvency and slow pick-up in private