The Governing Board of Directors of the Lahore Stock Exchange (LSE) in its meeting on Thursday formally elected Syed Asim Zafar as new chairman of the LSE.
With a view to providing relief to electricity consumers, the federal government is contemplating to take some important decisions for rationalising the power tariff.
The Afghan government on Thursday freed some 49 Pakistanis captured in the country during the US-led war against Taleban regime in late 2001, a spokesman for the Interior Ministry said.
The Afghan government on Thursday freed some 49 Pakistanis captured in the country during the US-led war against Taleban regime in late 2001, a spokesman for the Interior Ministry said.
The government of NWFP has started negotiations with the kidnappers of the Punjab Minister for Sports and Culture, Naeemullah Shahani for the safe and sound recovery, reliable sources in Fata secretariat told Business Recorder on Thursday.
Lieutenant General Saeed uz Zafar (Retd) Chairman, National Electric Power Regulatory Authority (Nepra), has asked the KESC management to expedite Hubco-KESC linkup with the Federal government and Wapda to overcome the over 1000-MW power shortage in Karac
The Director Trade Organisations (DTO), Ministry of Commerce (MoC), has finally taken notice and come into action to intervene in the current unsavoury atmosphere prevailing in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and aske
The Director Trade Organisations (DTO), Ministry of Commerce (MoC), has finally taken notice and come into action to intervene in the current unsavoury atmosphere prevailing in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and aske
Jean-Rene Fourtou, Chairman, International Chamber of Commerce (ICC), has said that the purpose of his visit to Pakistan is to take a stock of the prevailing investment climate in Pakistan and discuss ways and means with the government and business repres
Jean-Rene Fourtou, Chairman, International Chamber of Commerce (ICC), has said that the purpose of his visit to Pakistan is to take a stock of the prevailing investment climate in Pakistan and discuss ways and means with the government and business repres
A German government spokesman denied a newspaper report on Thursday that Chancellor Gerhard Schroeder is considering a cabinet reshuffle, including removing Finance Minister Hans Eichel and Interior Minister Otto Schily.
Australia, hoping to seal a free trade pact next week with the United States, said on Thursday negotiations were stuck over sugar and other commodities.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 15, 2004).
China has consolidated its position as Intel Corp's number two market since surpassing Japan last year, and now accounts for more than half of regional consumption ex-Japan, its Asia Pacific chief said on Thursday.
Senator Maulana Samiul Haq has threatened to part ways with the Muttahida Majlis-i-Amal (MMA) if the Shariat bill is not presented in the parliament and operation in tribal belt not stopped.
At least 14 people were injured, two seriously, and more than 15 vehicles damaged when a locally made high intensity time device fitted in a stolen Suzuki High-Roof went off at about 3:15 pm at the gates of Holy Trinity Church on Fatima Jinnah Road on Thu
At least 14 people were injured, two seriously, and more than 15 vehicles damaged when a locally made high intensity time device fitted in a stolen Suzuki High-Roof went off at about 3:15 pm at the gates of Holy Trinity Church on Fatima Jinnah Road on Thu
The Oil Companies Advisory Committee and oil marketing companies raised their product prices in the range of 0.84 rupee to 1.75 rupees per litre effective from January 16, in line with international trends.
The Oil Companies Advisory Committee and oil marketing companies raised their product prices in the range of 0.84 rupee to 1.75 rupees per litre effective from January 16, in line with international trends.
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 Comm
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
Stimulated by fresh buying interest in fuel & energy sector, share values extended the overnight gains on the Lahore Stock Exchange (LSE) amid improvement in trade turnover.
Stimulated by fresh buying interest in fuel & energy sector, share values extended the overnight gains on the Lahore Stock Exchange (LSE) amid improvement in trade turnover.
The share prices maintained the winning streak as institutional support in gas, fertiliser and bank shares boosted the index where sentiment of general investors was cautious.
The share prices maintained the winning streak as institutional support in gas, fertiliser and bank shares boosted the index where sentiment of general investors was cautious.
Pakistan's economy is on higher growth trajectory, which would result in improving living standard of people, increasing incomes and reducing poverty. The total grant assistance from the UN agencies is around $70 million per annum, which has helped in imp
Chile, the world's biggest copper producer, said Thursday its copper export returns rose 17.5 percent last year due to higher prices and mine expansions.
Pakistan's economy is on higher growth trajectory, which would result in improving living standard of people, increasing incomes and reducing poverty. The total grant assistance from the UN agencies is around $70 million per annum, which has helped in imp
Singapore bunker prices were mixed on Thursday, with fuel oil tracking cargo prices higher and marine gas oil down as the tight supply situation was seen easing.
The Securities and Exchange Commission of Pakistan (SECP) has capped the maximum return to eight percent for the insurance companies effective from February 1, 2004 to curb the tendency of these companies offering unrealistic rates to boost their sales of
As many as 26 ships are waiting to transit the Houston Ship Channel because vessel traffic is limited to one-way in daylight hours by dense fog on Thursday, according to the US Coast Guard and the Houston ship pilots association.
The Securities and Exchange Commission of Pakistan (SECP) has capped the maximum return to eight percent for the insurance companies effective from February 1, 2004 to curb the tendency of these companies offering unrealistic rates to boost their sales of
The Karachi Port handled 91,454 tonnes of cargo including 53,730 tonnes import and 37,724 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.
The Securities and Exchange Commission of Pakistan (SECP) has capped the maximum return to eight percent for the insurance companies effective from February 1, 2004 to curb the tendency of these companies offering unrealistic rates to boost their sales of
Chicago Board of Trade wheat futures closed higher on Wednesday in another day of volatile trading with supportive exports countering the early bearish impact from speculative profit taking, traders said.
Pakistan-India dialogue will be held as planned next month because India was endeavouring to solve its problems with Pakistan including Kashmir independent of coming elections, said Indian Minister for External Affairs Yashwant Sinha on Thursday.
It is now nearly ten days that cotton prices in the domestic market have continued their downward journey. Buyers have been exhibiting only occasional interest to buy more cotton.
Pakistan-India dialogue will be held as planned next month because India was endeavouring to solve its problems with Pakistan including Kashmir independent of coming elections, said Indian Minister for External Affairs Yashwant Sinha on Thursday.
It is now nearly ten days that cotton prices in the domestic market have continued their downward journey. Buyers have been exhibiting only occasional interest to buy more cotton.
Spinners remained on the look-out for quality lots in cotton market, which they relish to lift, relevant sources said. The trading trend however, depicts that spinners have restricted day's buying to more or less 8000 bales.
The United States on Thursday hailed the restoration of rail ties between India and Pakistan, saying it was one of several positive steps to build a base for broader rapprochement.
Kashmiri leaders met on Thursday to plan a strategy and choose representatives for high-level talks with the Indian government to resolve the decade old dispute in the Himalayan region.
Changes were a few on the seed and grain wholesale market, where commodities like grams, rice, juwar, rapeseeds and wheat transpired variations on Thursday (January 15, 2004).
President General Pervez Musharraf has summoned the joint session of the parliament on Saturday, January 17, at 11 am, Pakistan Television reported on Thursday.
CSCE coffee futures closed lower on Wednesday, as commodity funds withdrew their support and prices weakened until roaster and industry demand appeared below 68.50 cents for the March future, dealers said.
President General Pervez Musharraf has summoned the joint session of the parliament on Saturday, January 17, at 11 am, Pakistan Television reported on Thursday.
CSCE cocoa futures dropped to the downside on Wednesday for the third straight day, as light producer offers and arbitrage selling overcame limited industry and trade buying, brokers said.
The Central Board of Revenue (CBR) has extended SRO. 410(I)/2001 (Temporary Importation Scheme) facilitating 13 leading value added industries engaged in temporary import of raw materials for manufacture of export goods up to June 30, 2004.
China could buy as much as 600,000 tonnes of canola from Canada this year and has bought 360,000 tonnes as of January 1, the chief executive of Saskatchewan Wheat Pool said on Wednesday.
The Central Board of Revenue (CBR) has extended SRO. 410(I)/2001 (Temporary Importation Scheme) facilitating 13 leading value added industries engaged in temporary import of raw materials for manufacture of export goods up to June 30, 2004.
The Central Directorate of National Savings (CDNS) has informed that all overseas Pakistanis will be exempted from withholding tax on National Savings Schemes (NSS).
Although European demand for rapeseed is growing to make biodiesel fuel, European farmers were not able to increase their winter rapeseed plantings for 2004/05 because of poor weather, the US Agriculture Department said on Wednesday.
The Central Directorate of National Savings (CDNS) has informed that all overseas Pakistanis will be exempted from withholding tax on National Savings Schemes (NSS).
The Central Directorate of National Savings (CDNS) has informed that all overseas Pakistanis will be exempted from withholding tax on National Savings Schemes (NSS).
The federal government on the request of the Sindh Chief Minister Sardar Ali Mohammed Khan Mahar has decided to release 100,000 tonnes of wheat to meet the shortage in the province, if any, sources said on Thursday.
China is likely to have a wheat deficit of about 20 million tonnes this year, which will lead to the import of three million tonnes, a report from a government grain think-tank said.
The federal government on the request of the Sindh Chief Minister Sardar Ali Mohammed Khan Mahar has decided to release 100,000 tonnes of wheat to meet the shortage in the province, if any, sources said on Thursday.
Comex gold tumbled on Wednesday as the dollar rose further after the US government reported the smallest trade deficit in 13 months and released data showing pipeline inflation remains quiescent.
After restoration of road and air links, rail relations have also been revived between India and Pakistan after a break of two years when 'Samjhota Express' carrying 65 passengers was seen off at the Lahore Railway Station on Thursday.
Gold came under pressure in Asian afternoon trade on Thursday due to profit-taking, extending losses on the Comex market, after buoyant US economic data helped to lift the US dollar, bullion dealers said.
After restoration of road and air links, rail relations have also been revived between India and Pakistan after a break of two years when 'Samjhota Express' carrying 65 passengers was seen off at the Lahore Railway Station on Thursday.
Gold demand in India, the world's largest consumer, may fall 10 to 15 percent in 2004 from last year as high prices force consumers to suspend or cut purchases, traders said.
