I felicitate Federation of Pakistan Chamber of Commerce and Industry for organising the 38th Export Trophy Awards- 2014 in which awards will be conferred upon the leading exporters of Pakistan in recognition of their exceptional performance this year. I a

It gives me immense pleasure to learn that in keeping with its past practice, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organising the 38th annual 'Export Trophy Awards' ceremony. The government is cognisant of the challenges

Steam, GT & combined cycle power plants Design, consulting, supply of equipment, supervision, testing, erection, installation, commissioning, training. EPC contracting.

Russia with a population of 145 million emerged from a decade of post-Soviet economic and political turmoil to reassert itself as a world power. Income from vast natural resources, above all oil and gas, has helped Russia overcome the economic collapse of

It is our privilege to offer our sincere and warmest greetings to the Government and people of the Russian Federation on their National Day. Relations of Russia with Islamic Republic of Pakistan have witnessed frequent ups and downs, as a consequence of w

It is with great pleasure that I extend my best wishes to the people of Russia and Pakistan on this auspicious day - the National Day of Russia. Russia and Pakistan share friendly relations which are decades old. Russia has always extended co-operation to

It is a great honour and pleasure for me to extend my views on the auspicious occasion of National Day of Russian Federation the 12th June. History has proved that Russia has always comes forward to assist Pakistan in its difficult times, be it industrial

I am privileged to address the vast readership of this newspaper on the Day of Russia. This festive occasion provides an excellent opportunity to carry a message of friendship to the people of Pakistan. It is really heartening that we celebrate this Day i

The Day of Russia is the main national holiday of our country, the state with centuries-old historical and cultural traditions. Celebrated annually it symbolises unity and fraternal friendship of many peoples building together their future within one fede

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.548 billion as compared to PKR 2.300 billion reported on Tuesday, an increase of 54 percent. The number of lots traded also increased by 25 percent to 17,444. PMEX Commodity Index

Wheat futures on the Chicago Board of Trade fell more than 3 percent on Wednesday after the US Department of Agriculture's estimates of US winter wheat production and all-wheat ending stocks were above trade expectations. K.C. hard red winter wheat and MG

The Karachi Port handled 168,637 tonnes of cargo comprising 142,152 tonnes of import cargo and 26,485 tonnes of export cargo including 5,136 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1

A downward trend was again witnessed on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the cereals side, Urad Burma failed to maintain overnight gains, losing Rs 312 to Rs 12625, dealers said. On the grams sector

Brazil exported 2.50 million bags of green coffee in May, down 8 percent from a year ago as the harvest reached more than 20 percent of the crop, the association of coffee exporters Cecafe said on Tuesday. Brazil exported a revised 2.87 million bags of co

US natural gas futures gained over 1 percent on Wednesday, rising to the highest level in three weeks, on technical buying, forecasts for weaker production and strong demand as the market awaited guidance from a government storage report. Front-month gas

The July vaida failed to maintain overnight firmness on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The July vaida closed at Rs 1847.50 and it opened with a fall of 50 paisa at Rs 1847.00 in the morning sessi

Prices drifted lower on the cotton market on Thursday as some ginning factories have started operation partially, dealers said. The official spot rate was down by Rs 50 to Rs 5450, dealers said. In the ready session, some 4000 bales of cotton changed hand

Spot basis bids for corn and soyabeans were mostly unchanged in the US Midwest on Wednesday and farmer selling was slowed by a drop in Chicago Board of Trade corn, soya and wheat futures, dealers said. Producers booked light amounts of old-crop corn early

New cotton crop (August 2015 / July 2016) will start being ginned in at least two factories. One factory is located in Matiari in Sindh and the other factory is reported to be in Khanewal in the Punjab. Three or four more ginning factories may start ginni

New cotton crop (August 2015 / July 2016) will start being ginned in at least two factories. One factory is located in Matiari in Sindh and the other factory is reported to be in Khanewal in the Punjab. Three or four more ginning factories may start ginni

The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in US interest rates. Kaushik Basu, the World Bank's chief economist, said

The Zimbabwean dollar will officially be taken out of circulation, officials said Thursday, six years after hyper-inflation rendered it worthless and US dollars became the most widely-used currency. The government effectively abandoned the local currency

The International Monetary Fund said Thursday it could continue to support Ukraine with bailout funding even if Kiev does not reach a debt restructuring deal with private creditors. One day after IMF chief Christine Lagarde met with Ukraine Prime Minister

Britain's budget watchdog has slashed its forecast for how much tax will be paid by the oil and gas industry over the next 25 years, a move that highlights the fiscal challenge that would be faced by an independent Scotland. The Office for Budget Responsi

US retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam. While other data on Thursday showed a slight inc

The European Union's anti-trust watchdog opened a formal investigation on Thursday into Amazon's e-book distribution, in the latest Brussels inquiry to target the US-based Internet retailer. The European Commission, the EU executive's arm, is probing clau

Standard & Poor's confirmed the US credit rating at AA+ on Wednesday, saying debt levels remained high and policy-making weak, four years after it cut the country's top-level triple-A rating. S&P recognised the return to strength of the US economy and eff

Standard & Poor's confirmed the US credit rating at AA+ on Wednesday, saying debt levels remained high and policy-making weak, four years after it cut the country's top-level triple-A rating. S&P recognised the return to strength of the US economy and eff

Indonesia is exempting most goods from a luxury tax in a bid to boost household consumption and revive faltering economic growth, the finance minister said on Thursday. Growth in Southeast Asia's largest economy has slipped to its most sluggish pace since

Australian employment jumped past all expectations in May to drive the jobless rate to a one-year low of 6.0 percent, a brightening break in recent gloomy news that sent the local dollar over half a US cent higher. Thursday's figures from the Australian B

China's ailing economy showed few signs of improvement in May, with factory output steadying but investment growing at its slowest rate in nearly 15 years, pointing to further weakness unless Beijing ramps up its stimulus efforts. A flurry of data from po

Sales at Volkswagen's core division fell for a seventh time in eight months in May as slowing momentum in China and declines in Latin America outweighed gains in Europe. Deliveries at VW's namesake brand, which accounts for 60 percent of group sales, drop

Chile's structural deficit will grow in 2015 from last year, the nation's finance minister said on Thursday, as the government spends more to revive a flagging economy and copper income remains weak on the back of soft prices for the metal. The world's to

Britain will start selling its 32 billion-pound stake in Royal Bank of Scotland in the coming months, finance minister George Osborne said on Wednesday, giving up on his previous intention to only sell the shares for a profit. Osborne said he had received

US Republicans aim to hold a vote on Friday on legislation key to President Barack Obama's signature Pacific trade pact after reaching a deal with Democrats on funding to help workers who lose their jobs due to trade deals. House of Representatives Speake

The World Bank has cut Madagascar's growth forecast for 2015 to 3.5 percent from 4 percent due to poor weather and a mining slowdown, and said the longer term outlook could be affected if a political row persists. Tensions on the aid-reliant Indian Ocean

Japan aims to encourage its companies to focus more on cutting-edge information technology such as artificial intelligence, but analysts doubt the latest draft of the government's growth strategy will be substantive enough to revitalise the economy. The g

A surge in Sri Lanka's local borrowing from government securities is mainly due to a delay in the issuance of a sovereign bond and repayment of a $500 million eurobond early this year that was not rolled over, the central bank said on Thursday. Net local

New home prices in Canada edged up 0.1 percent in April from March despite a second consecutive month of declines in Calgary, capital of the country's struggling energy sector, Statistics Canada said on Thursday. The increase matched analysts' expectation

Mexican industrial output unexpectedly slipped in April, hit by the sharpest drop in crude oil production in nearly seven years even as factories posted their strongest growth since late 2009. Industrial output dipped 0.1 percent in April compared to May,

The Bank of Spain on Thursday urged the country's regions to keep a tight rein on spending and said Spain, which faces the prospect of a political shake-up in an election this year, needed to press on with reforms to get the economy on track. The central

Most Gulf stock markets closed lower on Thursday as oil prices pulled back after a rally, and heavy profit-taking hit the Dubai bourse after speculative buying earlier in the week. Saudi Arabia's main index slipped 0.2 percent and leading petrochemicals f

Tokyo stocks ended 1.68 percent higher Thursday, picking up after a four-day losing streak. The Nikkei 225 index at the Tokyo Stock Exchange gained 336.61 points to close at 20,382.97, while the Topix index of all first-section shares climbed 1.27 percent

US stocks were higher in afternoon trading on Thursday, helped by strong retail sales data, but gains were limited by news that the International Monetary Fund had broken off debt talks with Greece. The Dow Industrial average touched its highest in six tr

US stocks jumped on Wednesday, helped by gains in technology and financial shares and optimism that Greece may be closer to reaching a deal with creditors. All 10 major S&P 500 sectors ended higher, with the technology index up 1.6 percent and leading sec

Hong Kong stocks rebounded on Thursday after fears of Middle East Respiratory Syndrome (MERS) spreading to the city eased, but shares were still trading at a 40 percent discount to their mainland-listed peers, the highest level seen in six years. The Hang

A selloff of German Bunds and this week's hefty corporate and government debt supply propelled longer-dated US Treasuries yields to their highest in more than seven months on Wednesday before yields pulled back following a solid 10-year note sale. Reduced

A selloff of German Bunds and this week's hefty corporate and government debt supply propelled longer-dated US Treasuries yields to their highest in more than seven months on Wednesday before yields pulled back following a solid 10-year note sale. Reduced

Sri Lanka's stock index fell for a fourth straight session on Thursday to close at its lowest in more than eight weeks, as concerns over political uncertainty sapped investor confidence for risky assets. President Maithripala Sirisena's government has sai

Indian shares fell more than 1 percent on Thursday, with the broader NSE index breaking the psychologically important 8,000 level intraday for the first time in more than a month on worries over foreign investor sales and a likely weak monsoon. Stocks gav

China's stock market closed mixed on Thursday, as continuous weakness in banking shares offset gains in consumer plays after Beijing unveiled new measures to promote consumption. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fe

A European stock market rally fizzled out on Thursday, as lingering uncertainty over Greece's debt problems pushed shares down from peaks reached earlier in the day. The pan-European FTSEurofirst 300 index closed up 0.6 percent at 1,557.95 points, below T

Australian shares gained the most in seven weeks on Thursday after a solid jobs report added to the upbeat mood following gains on Wall Street. After snapping a 6-day losing streak a day earlier, the S&P/ASX 200 index was up 78.06 points or 1.4 percent at

Most Southeast Asian stock markets rose for a second session on Thursday with the Thai index closing at near three-week high, but foreign investors continued to sell risky assets amid speculation over an early rate hike by the US Federal Reserve. Foreign

Gains in Royal Bank of Scotland shares bolstered Britain's top equity index on Thursday on news it would be returned to private hands sooner than expected, while shares in Royal Mail fell after the government sold half its stake at a discount. The bluechi

China's yuan was little changed against the dollar on Thursday, despite the central bank setting the daily guidance rate at more than a two-week high, and trading remained light. The People's Bank of China (PBOC) set the midpoint rate at 6.115 per dollar

The yen edged back down on Thursday after earlier rallying on remarks by the Bank of Japan Governor Haruhiko Kuroda, while the New Zealand dollar plunged after a surprise interest rate cut. The dollar last traded at 123.05 yen, up about 0.3 percent from W

The New Zealand dollar slumped 2.6 percent to a five-year low against the US dollar on Thursday, after the Reserve Bank of New Zealand cut interest rates and suggested more easing may follow. The kiwi was on track for its biggest daily loss in four years,

The dollar rose on Thursday, buoyed by a surge in US retail sales in May that could push Federal Reserve policymakers towards raising US interest rates as early as September. The dollar, which had traded weakly over the previous three days, was up as much

The dollar tumbled to two-week lows against the yen on Wednesday after Japan's chief central banker said the yen was "very weak" and unlikely to fall further. The dollar also dropped against the euro, which benefited from a rise in benchmark German 10-yea

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).

The Sri Lankan rupee closed steady as a state-run bank continued to sell dollars at 133.80 for the third day on Thursday, even as the central bank defended currency forwards via moral suasion, dealers said. Currency dealers said hopes the rupee would stre

Asian currencies were mostly steady or slightly lower versus the dollar on Thursday, with the focus on whether US retail sales data will add to expectations for US interest rates to rise later this year. The South Korean won eased earlier on Thursday as t

Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on Thursday, while black market rates were slightly stronger. The central bank has held the official exchange rate unchanged for four months sin

Sterling gained some ground against a broadly weaker euro on Thursday while falling back from a near-three-week high against the dollar in a market struggling for new direction after six months of political and economic jitters. Some analysts said the pou

The New Zealand dollar tumbled to five-year lows on Thursday after the central bank surprised with an interest rate cut and left the door open for more easings to support a slowing economy. In contrast, the Australian dollar jumped after a solid jobs repo

Brazil made it 10 straight wins before heading to Chile for the Copa America, which begins on Thursday and could become a showdown between Barcelona superstars Lionel Messi and Neymar. Neymar came on as a second-half substitute in Brazil's 1-0 home friend

Barcelona legend Xavi Hernandez was officially unveiled by Al Sadd on Thursday and said he was "proud" to now be playing for the Qatari side. Just five days after Barcelona's Champions League triumph against Juventus, which sealed a treble for the Spanish

Foreign ministers from the Gulf states on Thursday hit out at the "hateful campaign" directed against Qatar's controversial hosting of the 2022 World Cup. In a strongly-worded statement following a meeting of Gulf Co-operation Council (GCC) foreign minist

FIFA will meet on July 20 to decide the date on which Sepp Blatter's successor as president will be selected, the embattled body said Thursday. "The extraordinary FIFA Executive Committee meeting to set the date for the extraordinary elective Congress wil

FIFA president Sepp Blatter on Thursday ruled out a European Parliament demand for him to quit immediately, but one of his top lieutenants did resign from the embattled organisation. Blatter, who resigned last week despite being re-elected as head of foot

Heavy rain forced the second day's play to be abandoned without a ball being bowled in the one-off Test between Bangladesh and India in Fatullah on Thursday. Umpires Kumar Dharmasena and Nigel Llong called off play at 1.40 pm (0740 GMT) after incessant ra

Former hockey Olympian and selector of Pakistan hockey team Arshad Chaudhry has died at the age of 65 years. Arshad remained an active hockey international player in the Pakistani national team from 1971 through 1976 and played as right half-back. He repr

Left-handed batsman Jehan Mubarak's nearly eight-year wait for a test recall finally ended with Sri Lanka naming him in their squad for the three-match series against Pakistan starting on Wednesday. The 34-year-old, who played the last of his 10 tests at

Muzamal Murtaza, Huzaifa Abdul Rehman and Khushna Babar on Thursday won the final of Boys Under-18, Under-14 and women's single of the 1st SNGPL All Pakistan Men and Women Tennis Championship 2015 at the Cosmopolitan Club. Yasir Khan and Shahzad Khan won

Former England wicketkeeper Matt Prior announced on Thursday that he has retired at the age of 33 due to injury. Prior made the last of his 79 Test appearances against India at Lord's 11 months ago before undergoing surgery on his Achilles tendon. He had

Rafael Nadal began the difficult annual transition from clay to grass on Thursday, taking more than two and a half hours to advance to the quarter-finals of the Stuttgart Open. The top seed, whose ranking has fallen to 10th after a terrible clay season in

Cristiano Ronaldo remains Europe's and the world's most marketable footballer known by more than 80% of people around the world, according to a study released Thursday. The 30-year-old Real Madrid scorer beats England's Wayne Rooney and Spain's Andres Ini

Jerome Taylor struck two early blows but pace partner Kemar Roach's no-ball woes proved costly again as Australia recovered to 91 for two at lunch on the opening day of the second and final Test against the West Indies at Sabina Park on Thursday. Put in t

Britain's terrorism law watchdog said on Thursday the legal framework underpinning security services' ability to spy on the public's communications was fragmented, undemocratic and "in the long run intolerable." David Anderson, Britain's independent revie

Unable to match China's offer of $250 billion in investment in Latin America, the EU sought ways on Thursday to avoid being marginalized in the region, offering new trade deals, visa-free travel and deeper ties. At a two-day summit with Latin American lea

Israel's Supreme Court has dismissed a Palestinian petition that sought to end discriminatory housing policies in the occupied West Bank and would have returned local planning rights to the Palestinians. The ruling, handed down Tuesday, was in response to

Chinese President Xi Jinping told Myanmar opposition leader Aung San Suu Kyi on Thursday that he hoped Myanmar would maintain a consistent and positive position on relations, state media said, regardless of any changes in Myanmar's domestic politics. Chin

Washington's UN envoy accused Russia on Thursday of spinning "outright lies" on Ukraine designed to hide the Kremlin's direct involvement in a war it launched to thwart Kiev's pro-Western drive. Samantha Power's address to a crowd of hundreds in Kiev deli

Three astronauts landed safely in the steppes of Kazakhstan on Thursday, ending their 199-day mission after an unexpected "bonus month" aboard the International Space Station, NASA Television showed. "It was a textbook homecoming for the Expedition 43 cre

Chinese institutions outnumbered Japanese for the first time in the annual Times Higher Education Asia University Rankings, released Thursday. While the University of Tokyo retained its crown as the region's best, Japan "has lost ground overall, taking 19

Swiss authorities have searched a house in Geneva and seized computer material in connection with a possible cyber attack on nuclear negotiations between Iran and major powers in the city, Switzerland's attorney-general said on Thursday. Austria is also i

Syrian rebels on Thursday captured parts of a military airport in southern Syria, adding to President Bashar al Assad's recent setbacks after it seized a major base this week, a group monitoring the war said. Syrian state television denied that the rebels

The Islamic State group Thursday released a propaganda documentary marking a year since it captured Mosul and recounting its surprise at how easily it took over Iraq's second city. The film glamorises the founding moment of the "caliphate" IS proclaimed l

A coalition bombing rebels in Yemen for more than two months will continue until a UN resolution calling for a rebel pullback takes effect, Qatar's foreign minister said on Thursday. Khalid al-Attiyah spoke after chairing a meeting of his counterparts fro

Federal Minister for National Food Security and Research Sikandar Hayat Bosan on Thursday said that Prime Minister Nawaz Sharif had assured him to resolve all issues related to agriculture sector including export of surplus commodities. Speaking at a news

Armed robbers looted a private bank and injured the security guard upon resistance here on Thursday. According to reports, armed robbers barged into branch of a private bank located at Shorkot Road in Toba Tek Singh and took the staff hostage at gun point

Ministry of Water and Power has suspended Chief Executive Officer (CEO) of Sukkar Electric Supply Company (SEPCO), Farman Ullah Khan and Director Commercial for inefficiency and failure to achieve targets for improvement in recovery and controlling losses

A woman died and five others sustained wounds when a vehicle fell into a river here on Thursday. Police said that a passenger vehicle skidded off road and fell in the river in Doug Dara area of Upper Dir resulting in death of a woman and leaving five othe

A sub-committee of the Public Accounts Committee (PAC) on Thursday took up the performance report of Pakistan Council of Scientific and Industrial Research (PCSIR). The PCSIR's audit department laid ten-year (1993 to 2003) performance report of its Karach

Peshawar High Court (PHC) on Thursday stayed the decision of the Election Commission of Pakistan for re-polling in PK-95 Lower Dir-II, where women were barred from voting. The decision was taken in the light of a petition that was submitted by the winning

A teacher in Mingora accidentally shot dead a 12-year-old pupil on Thursday while cleaning his pistol in the staff room, police said. Teachers were given permission to carry firearms in the classroom after Taliban militants massacred 132 students at a sch

Dr Shamshad Akhtar was appointed by United Nations Secretary-General as Under-Secretary-General of the United Nations and as the tenth Executive Secretary of the Economic and Social Commission for Asia and the Pacific. She is also rendering her services a

Dr Shamshad Akhtar was appointed by United Nations Secretary-General as Under-Secretary-General of the United Nations and as the tenth Executive Secretary of the Economic and Social Commission for Asia and the Pacific. She is also rendering her services a

Presidents of all the seven industrial town associations of the city have demanded of the government to supply full gas to industries as per allocated quota in Sindh and warned that if that demand was not met they would shut down industrial units launch p