France's Auchan said Monday it had entered into a franchising deal with Max Hypermarket India Private Limited to enter the super-size retail market segment in India. The 13 existing Max Hypermarket stores will be rebranded under Auchan's colours this year
The victory of Russian wheat at the first Egyptian state tender in the new marketing season at the weekend has set the market higher for domestic prices, leading Russian grain analysts said on Monday. Egypt's General Authority for Supply Commodities (GASC
The Karachi Port handled 180,615 tonnes of cargo comprising 139,007 tonnes of import cargo and 41,608 tonnes of export cargo including 7,414 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 139,007 to
Gold prices in India rose on Monday to the highest level in more than a week on a drop in rupee, but demand was subdued in the physical market where buyers were on the sidelines waiting for a correction in prices. The most-active gold for October delivery
European wheat futures extended losses on Monday, following Chicago Board of Trade futures which have declined since Friday after a drought-driven rally. Prices were also under pressure as harvests made substantial progress over a sunny weekend in norther
Brazil guzzled almost 20 million bags of coffee in the 12-month period through April, the roasters' association ABIC said on Friday, a rise of about 3 percent that is unlikely to be achieved again in the next 12 months. The world's top coffee producer is
A shortage of vessels has delayed the shipment of more than 12,000 tonnes of coffee from a major Indonesian export port, and more disruptions are likely as the harvest gathers pace, dealers said on Monday. Indonesia is the world's second-largest producer
Lean business was witnessed on the wholesale grain market on Monday ahead of Eid-ul-fitr holidays, dealers said. On the cereal side gur low quality was up by Rs 100 to Rs 4500 while the best type retained its weekend level in process of trading, dealers s
Modest trading was seen on the cotton market on Monday as a result of slow phutti arrivals, dealers said. Official spot rate was left unchanged at Rs 5800, they said. In the ready business over 6,000 bales of cotton changed hands between Rs 5850-6000, the
The December and January contracts were unchanged on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The December vaida that had closed at Rs 447.50 opened with no change at the same rate in process of trading, they sa
Spot basis bids for hard red winter wheat in the US Plains were steady to firmer on Monday, though demand remained spotty in some areas, merchants said. Resellers were noted as active buyers, though mill needs were well covered by timely deliveries of con
When we first raised our demand for a sovereign and independent State of Pakistan there were not a few false prophets who tried to deflect us from our set purpose by saying that Pakistan was not economically feasible. They painted an extremely dark pictur
In its origin, rationale, nature, course, and leadership, the Pakistan movement was democratic. During the last phase of the freedom struggle (1937-47), the leadership at the top and at the lower cadre was democratic, whatever may be said of the intermedi
The nation is celebrating Independence Day of their hard-earned country today while facing serious national crises, including extreme lawlessness, environment of insecurity and loadshedding as well as internal and external dangers to its sovereignty. Crea
Jinnah placed great importance on the youth and gave his advice to students on several occasions. At a public meeting in Dhaka on March 21, 1948, he said: "My young friends, students who are present here, let me tell you as one who has always had love and
Freedom comes by unveiling the historical truths with an open mind and not by sticking to myths or by subverting history. Pakistan was founded on the basis of nationalism advocated by the two nation theory. Nationalism is a European idea of the 18th centu
In its origin, rationale, nature, course, and leadership, the Pakistan movement was democratic. During the last phase of the freedom struggle (1937-47), the leadership at the top and at the lower cadre was democratic, whatever may be said of the intermedi
The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Monday (August 13, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
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
Strong demand pushed dollar higher against the rupee on the currency market on Monday, dealers said. The dollar gained strength on rising demand ahead of bank holiday on account of 66th Independence Day of Pakistan on Tuesday, money experts said.
Strong demand pushed dollar higher against the rupee on the currency market on Monday, dealers said. The dollar gained strength on rising demand ahead of bank holiday on account of 66th Independence Day of Pakistan on Tuesday, money experts said.
The government has decided to launch special recovery drive against the defaulters of electricity distribution companies (Dicos) after it got a green signal from Awan-e-Sadar. The decision was taken at a review meeting of Discos held on Monday with Ahmed
COMEX copper for September delivery fell 3.90 cents to settle at $3.3535 per lb, after dealing between $3.3420 and $3.4020 on Monday. COMEX volume stood near 55,000 lots in late New York trade, more than 20 percent above the 30-day norm, according to prel
Gold fell on Monday as lingering uncertainty about whether central banks will take further steps to boost their economies prompted investors to take profits after the previous week's gain. The metal, a traditional inflation hedge, fell after data showed J
Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to tackle soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and
Greece''s economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing. Currently in its fifth con
Greece's economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing. Currently in its fifth cons
Greece's economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing. Currently in its fifth cons
The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
Syria will be suspended from the Organisation of Islamic Co-operation on Wednesday for its violent suppression of a 17-month uprising against President Bashar al-Assad, a diplomat said on Monday ahead of an emergency OIC summit in Makkah. "The resolution
Finance Minister Dr Abdul Hafeez Sheikh on Monday approved Rs 35 billion surplus budget of the National Logistic Cell (NLC) for next fiscal year. Sources said the Finance Minister, also heading National Logistic Board (NLB), was given a detailed presentat
Finance Minister Dr Abdul Hafeez Sheikh on Monday approved Rs 35 billion surplus budget of the National Logistic Cell (NLC) for next fiscal year. Sources said the Finance Minister, also heading National Logistic Board (NLB), was given a detailed presentat
Finance Minister Dr Abdul Hafeez Sheikh on Monday approved Rs 35 billion surplus budget of the National Logistic Cell (NLC) for next fiscal year. Sources said the Finance Minister, also heading National Logistic Board (NLB), was given a detailed presentat
The zinc production units of OTZK, once Bulgaria's second largest lead and zinc smelter, will be put up for sale after the smelter failed to pay its debts and its workers, a private enforcement agent said on Monday. The smelter, which stopped its zinc pro
The zinc production units of OTZK, once Bulgaria's second largest lead and zinc smelter, will be put up for sale after the smelter failed to pay its debts and its workers, a private enforcement agent said on Monday. The smelter, which stopped its zinc pro
Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 78.5 points as the ISE Ten Index moved from 2931.22 t
Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 78.5 points as the ISE Ten Index moved from 2931.22 t
Equities registered gains across the board at the Lahore Stock Exchange (LSE) amid ascending transaction volume on Monday. The LSE-25 index moved up to 3767.77 points against 3614.12 points of last Friday, showing an increment of 153.65 points, while tran
Equities registered gains across the board at the Lahore Stock Exchange (LSE) amid ascending transaction volume on Monday. The LSE-25 index moved up to 3767.77 points against 3614.12 points of last Friday, showing an increment of 153.65 points, while tran
The top level bureaucracy has been reshuffled after Prime Minister Raja Pervez Ashraf approved a new transfer policy relating to the deployment of officers from federal bureaucracy in Balochistan. According to a statement issued by the PM House, those off
The top level bureaucracy has been reshuffled after Prime Minister Raja Pervez Ashraf approved a new transfer policy relating to the deployment of officers from federal bureaucracy in Balochistan. According to a statement issued by the PM House, those off
On Mon-day, BRIndex30 opened at 10,170.22 and remained positive throughout the trading session. It touched an intraday high of 10,383.02 and an intraday low of 10,289.41 and closed at 10,329.38 which was 159.16 points or 1.56 percent higher than previous
On Mon-day, BRIndex30 opened at 10,170.22 and remained positive throughout the trading session. It touched an intraday high of 10,383.02 and an intraday low of 10,289.41 and closed at 10,329.38 which was 159.16 points or 1.56 percent higher than previous
A surprise cut in interest rate and healthy corporate results on Monday invited aggressive buying on the Karachi share market and the benchmark KSE-100 index surged by 150.48 points to close at 14,911.97 points. Fresh buying was seen mainly by local retai
A surprise cut in interest rate and healthy corporate results on Monday invited aggressive buying on the Karachi share market and the benchmark KSE-100 index surged by 150.48 points to close at 14,911.97 points. Fresh buying was seen mainly by local retai
A surprise cut in interest rate and healthy corporate results on Monday invited aggressive buying on the Karachi share market and the benchmark KSE-100 index surged by 150.48 points to close at 14,911.97 points. Fresh buying was seen mainly by local retai
Pakistan is likely to seek Chinese financing for 4500 MW Diamer-Bhasha dam after the two key lenders ie World Bank and Asian Bank Development (ADB) sent unsupportive signals, well informed sources told Business Recorder. This was the crux of a meet
Pakistan is likely to seek Chinese financing for 4500 MW Diamer-Bhasha dam after the two key lenders ie World Bank and Asian Bank Development (ADB) sent unsupportive signals, well informed sources told Business Recorder. This was the crux of a meet
Pakistan is likely to seek Chinese financing for 4500 MW Diamer-Bhasha dam after the two key lenders ie World Bank and Asian Bank Development (ADB) sent unsupportive signals, well informed sources told Business Recorder. This was the crux of a meet
The government has decided to launch special recovery drive against the defaulters of electricity distribution companies (Dicos) after it got a green signal from Awan-e-Sadar. The decision was taken at a review meeting of Discos held on Monday with Ahmed
The government has decided to launch special recovery drive against the defaulters of electricity distribution companies (Dicos) after it got a green signal from Awan-e-Sadar. The decision was taken at a review meeting of Discos held on Monday with Ahmed
Foreign ministers at a meeting of the Organisation of Islamic Cooperation (OIC) agreed on Monday to suspend Syria from the international body, an OIC source said, further isolating President Bashar al-Assad. "The session just ended. The ministers adopted