In a humming factory in Kenya's highlands, tea is hand-plucked from the fields, cured and shredded into the fine leaves that have sated drinkers from London to Lahore for generations. But Kenya's prized black tea isn't fetching the prices it once did, for
China's agriculture ministry said on Monday it plans to issue biosafety certificates to a domestically grown, genetically modified (GM) soyabean crop and two corn crops, in a move towards commercializing GM grain production in the world's top market.
In order to document big distributors, the Federal Board of Revenue (FBR) would not allow input tax adjustment to those manufacturers who would sell Rs 10 million goods on a monthly basis to unregistered buyers.
Business and industrial community while expressing deep concern on the recent announced increase in power tariffs from January said that increased power tariffs and petroleum prices have brought the industry on the verge of closure.
Directorate of Intelligence and Investigation Inland Revenue (IR) Multan carried out a raid on an unregistered plastic factory in Multan and detected massive sales tax evasion.
The business and industrial community of the city is already suffering badly because of high cost of doing business and at the same time the suspension of gas in Karachi would not only prove detrimental to the industry but would also lead to worsening the
The Professionals Network with the collaboration of Indus Hospital, Afzaal Memorial Thalassemia Foundation (AMTF) Child Aid Association, Aghosh (Old Age Home), Markaze Umeed, Umeed Gah are organizing the CSR Summit & Awards 2020 on January 30th, at a loca
An impressive Pakistan Navy Fleet Annual Efficiency Competition Parade and Award Ceremony held at Pakistan Navy Dockyard, Karachi. Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi graced the occasion as Chief Guest. Upon his arrival, the Chief Guest
Wall Street's major indexes edged higher on Tuesday on a renewed rally fueled by trade optimism, capping off a decade of handsome returns in which the benchmark S&P 500 rose nearly 190%.
Longer-dated US Treasuries look set to post their best return since 2014 on Tuesday, after concerns about the slowing US economy prompted the Federal Reserve to cut interest rates three times this year.
Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens said on Thursday. Neptune, backed by the Carlyle Group and CVC Capital partners and headed by
Despite the high-profile flops of Uber Technologies and Lyft Inc, and WeWork's aborted public offering, most of this year's IPOs finished in the green.
The cost to borrow in the overnight repo market fell below the US federal funds target range on Tuesday on strong demand for Treasuries to rebalance portfolios at year-end, with the Federal Reserve seeing the largest take-up for its reverse repo operation
Indian shares ushered in 2020 on a positive note and closed higher on Wednesday, led by gains in energy and information technology stocks. On the first trading session of the year, the NSE Nifty 50 index ended up 0.12% at 12,182.50, while the S&P BSE Sens
Japan plans to trim its overall government bond issuance to the market by 0.5% fiscal year from current year's levels, government officials said, as Prime Minister Shinzo Abe balances supporting growth and reining in huge public debt.
Stocks, financial and commodity markets are closed on Wednesday in New York, London, Europe, China and parts of Asia including Australia and New Zealand for the New Year's holiday. Markets will resume trade on Thursday.
Saudi Arabia's stock market retreated on Wednesday, while Oman was up, extending gains for a fourth day in a row. Other Middle Eastern markets, including Egypt, are closed for the New Year holiday. Saudi Arabia index dropped 0.4% to 8,359 points. Oman ind
Chinese power generation company SDIC postponed on Wednesday plans for an offering of global depositary receipts (GDRs) in London, setting the seal on what has been a miserable year for initial public offerings across Europe.
One of the hardiest investment fixtures has been the annual 'buy' note on emerging markets equities, but their dismal performance over the past decade begs the question why. With the United States and China poised to seal an initial trade deal, the chance
China's central bank announced Wednesday it was cutting the reserve requirements for banks, freeing up about $114 billion to boost lending and spur the slowing economy. The People's Bank of China will cut the reserve requirement ratio (RRR) on January 6 b
Turkey said on Tuesday it will not implement an automatic tax hike on alcohol and tobacco products in the first half of 2020, in a move expected to curb inflation and raise prospects for a more interest rate cuts.
Drugmakers including Pfizer Inc , GlaxoSmithKline PLC and Sanofi SA are planning to hike US list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.
The leader of France's hardline CGT union on Wednesday urged all workers to join pension strikes that have crippled public transport over the past month, as a showdown with President Emmanuel Macron enters a second month. In his New Year's address Tuesday
Britain's national minimum wage will rise by more than 6% next year, taking it to 8.74 pounds ($11.49) an hour, the government announced on Tuesday. The move puts Britain on track to meet its target for the minimum wage to reach 60% of median earnings by
Brazil's minimum wage will be increased to 1,039 reais ($258) a month in 2020, the government said on Tuesday, a higher level than it had previously forecast that will require even tighter controls on spending to ensure its fiscal rules are not broken.
Pakistan's young tennis star Haniya Minhas has been acknowledged by Punjab Board of Investment & Trade for her brilliant performance and winning 9 titles this year. Punjab Board of Investment & Trade would also facilitate her for seeking sponsorship for u
As expected and anticipated the revamped first-class Quaid-e-Azam Trophy provided the right balance between bat and ball which led to riveting contests throughout the tournament. The introduction of no-toss rule and home and away matches provided equal op
The Pakistan Cricket Board (PCB) Wednesday announced the schedule of the HBL Pakistan Super League 2020 with all the 34 matches to be played across four international venues of the country from 20th February to 22nd March. The schedule announcement was pa
Sri Lanka recalled former skipper Angelo Mathews to the T20 squad on Wednesday after a 16-month absence from the shortest form of the game for the upcoming India tour.
New Year KP Junior Squash Championship-2020 got under way here at PAF Hashim Khan Squash Complex on Wednesday. Nazim Nawa Khali Sajjad Khan Khalil was the chief on this occasion who formally inaugurated the Championship being played in various age groups
The Pakistan Cricket Board (PCB) has withdrawn fast-bowler Naseem Shah from next month's ICC Under-19 Cricket World Cup to be played in South Africa from 17th January to 9th February. The National Junior Selector Committee, which is headed by Saleem Jaffa
The logo and a glittering trophy of the KP U-21 Games-2020 carrying a record 22907 male and female players in 27 female and 32 male Games unveiled in a colourful ceremony held at Nishtar Hall here Wednesday. A total of 1200 female and male players from al
The US dollar index recorded its smallest-ever annual move in 2019, up just 0.24% for the year after a drop in December reversed early gains as trade hopes and investor confidence diminished demand for the safe-haven asset.
The Argentine peso on Monday chalked up a 37% drop for 2019, closing out a tumultuous year in which the currency has plummeted against the dollar amid rising debt default fears, rampant inflation and domestic recession.
The Canadian dollar rose to a 14-month high against its US counterpart on Tuesday as year-end funding pressures that might have boosted the greenback didn't occur, pushing the loonie's annual rally to more than 5%, the biggest of any G10 currency.
If you're not a bitcoin enthusiast, you probably haven't heard what's happening next year: It's called the "halving", and it will cut production of the cryptocurrency by 50%. No one's in control of this process. It's a rule written into bitcoin's underlyi
The Hong Kong dollar firmed to as high as 7.7826 per US dollar on Tuesday, its strongest since May 2017. The Hong Kong dollar hit a five-month high earlier this month as months of anti-government protests in the city eased and investment inflows from Chin
Latin American currencies will mostly weaken in the months ahead as political uncertainty and economic caution grip the region, a Reuters poll showed, with the Brazilian real and Chilean peso the only ones expected to recover later this year.
Inside a Lebanese bank, a woman screams for her salary. A man pounds his fist on the marble counter, demanding the teller release $200. In crisis-hit Lebanon, this is the new normal. "It's a shocking experience," said Khaled Taki, a 68-year-old consultant
A strong currency that hurts exports and risks deflation, or a weak one that hobbles banks and annoys the US - that's the choice Switzerland faces. For now, at least, it seems to have picked the former option. The Swiss franc, backed by a huge balance of
China's net gold imports via Hong Kong in November plunged 72% from the previous month to their lowest in nearly nine years, data from the Hong Kong Census and Statistics Department showed on Monday, mainly due to subdued demand.
Trade activity improved on the cotton market on Wednesday in the process of rising demand by the mills and spinners, dealers said. The official spot rate was inert at Rs 8900, they added. In ready session, over 5000 bales changed hands between Rs 8300-920
The Karachi Port handled 168,188 tonnes of cargo comprising 120,791 tonnes of import cargo and 47,397 tonnes of export cargo including 8,947 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Dalian iron ore futures rose on Tuesday to end 2019 with a near 141% surge from last year, outperforming other commodities, due to supply disruptions and China's still healthy demand for the steelmaking raw material. The Dalian Commodity Exchange's benchm
Chicago Board of Trade soyabean futures ended higher in 2019 on hopes for increased Chinese buying following a recently struck trade deal between Washington and Beijing. The most actively traded contract reached its highest price since June 13, 2018, and
Euronext wheat closed with an annual decline after a year-end rally only partly offset a price drop linked to a recovery in European production. March milling wheat, the most active contract on the Paris-based exchange, settled 0.25 euros, or 0.1%, down a
ICE Canadian canola futures closed lower on Tuesday in sympathy with declines in allied US soyaoil futures and Malaysian palm oil futures, traders said. January canola settled down $1.20 at $467.50 per tonne and most-active March canola ended down $1.10 a
Northwest European gasoline barge margins fell on Monday as trades remained muted in the year-end holidays. Arrivals of European gasoline and gasoline components to the United States were seen at around 655,200 tonnes so far in December, Refinitiv Eikon d
US natural gas futures on Tuesday were on course for their biggest annual decline since 2014, hovering close to a four-month low hit in the previous week on forecasts for milder-than-normal weather.
Chicago Board of Trade corn futures slipped on Tuesday but finished 2019 with a 3.4% annual increase on hopes for growing Chinese demand, traders said.
Nine people died after Indonesia's capital was hit by its deadliest flooding in years, authorities said Wednesday, as torrential rains on New Year's Eve left vast swathes of the megalopolis submerged.
A huge New Year's Day pro-democracy rally in Hong Kong ended in mass arrests and clashes between police and hardcore protesters, as demonstrators sought to carry their movement's momentum into 2020. Hong Kong has been battered by nearly seven months of un
North Korean leader Kim Jong Un has declared an end to moratoriums on nuclear and intercontinental ballistic missile tests and threatened a demonstration of a "new strategic weapon" soon. Analysts said the announcement, reported by state media on Wednesda
At least 23 Afghan security forces were killed in a series of Taliban attacks across the country, officials said Wednesday, despite winter snowfall that usually leads to a lull in violence. The assaults targeted vulnerable checkpoints in at least three no
Land-to-land missiles fired by Syrian regime forces killed nine civilians including five children in a school in northwestern Syria on Wednesday, a war monitor said. Part of the building in the town of Sarmeen had been turned into a shelter for the displa
Ghani Glass Limited (PSX: GHGL) was established in 1992 as a limited liability company under the Companies Ordinance 1984 and is part of the Ghani Group.
The academic year 2020 has got underway at the University of Sindh, Jamshoro. VC-SU Prof Dr Fateh Muhammad Burfat visited various teaching departments/ institutes as he also extended New Year greetings to faculty and students.
The second indicator is the sector-wise share for each type of loan. The share in total outstanding loans, as per the above named sectors, in June'18, was 6.5, 31.3 (textile as share of manufacturing), 7.1 and 7.3 percent. In Sept'19, the corresponding sh
As many as 121,821 individuals stayed at five shelter homes in the city, said a report issued on shelter homes by the District Administration. The report has covered the area starting from December 2018 to December 2019. It is first-ever report on shelter
Model Customs Collectorate (MCC), Port Qasim has collected Rs 328.30 billion during first six months of current financial year, surpassing its revenue target of Rs 307.16 billion by 6.44 percent.
The city's weather is likely to continue gusty on Thursday as well with a minimum temperature up to 8 degrees Celsius, according to the Met Office on Wednesday.
The government on Wednesday informed the National Assembly that the terrorists' funds seized and confiscated by the law enforcement agencies (LEAs) registered a tremendous growth of 10,000 percent over the period of last one-and-a-half-year.
The Punjab Food Authority (PFA) has caught four vehicles fully loaded with 24,580 liters of dirty oil which was being carried from different areas of Punjab to Lahore for selling.
Punjab Governor Chaudhry Mohammad Sarwar, Chief Minister Sardar Usman Buzdar and Punjab Assembly Speaker Chaudhry Pervaiz Elahi held an important meeting, here on Wednesday and vowed to work jointly for development and prosperity of the province of Punjab
Punjab Chief Minister Usman Buzdar has said that roads linking Azad Kashmir will be repaired while repair and maintenance of Dina to Mangla Road will be completed soon.
The Government College University Lahore, one of the oldest seats of higher learning in Pakistan, has turned 156. Founded on January 1, 1864 in the Haveli of Raja Dhyan Singh in the Walled City Lahore as the liberal arts and Science College, it served as
Fauji Fertilizer Company (FFC) as part of its initiative aimed at addressing food security and challenges to agriculture and farmers successfully organized a two-day Tele-Health Medical Camp utilizing the real time video link / online technology for medic
Member of National Assembly (MNA) and former provincial law minister Rana Sanaullah Khan on Wednesday demanded a judicial inquiry through a fact finding commission into drug case against him.
Justice Mamoon Rasheed Sheikh, the senior most judge of the Lahore High Court (LHC) has taken oath as 49th Chief Justice of the LHC in a ceremony held here at Governor's House on Wednesday. Punjab Governor Chaudhry Mohammad Sarwar administered oath to Jus
The groundbreaking ceremony of Allama Iqbal Industrial City, a mega prioritized project of Special Economic Zone (SEZ) of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC will be held on January 03.