Gold edged up on Tuesday, with investors shying away from riskier assets after North Korea fired a missile that landed in Japanese waters, although the metal stayed near a seven-week low hit the day before. North Korea on Tuesday said it successfully test

Gold prices rebounded from seven-week lows on Tuesday after North Korea fired a missile into Japanese waters, raising geopolitical tensions and boosting bullion's safe-haven appeal. North Korea said it successfully test-launched an intercontinental ballis

Honduran coffee exports jumped 51.2 percent in May compared with the same month last season due to an increase in output, the national coffee institute, or IHCAFE, said on Thursday. Shipments from the largest coffee exporter in Central America totalled 1.

China had produced 9.3 million tonnes of sugar by the end of May, up from 8.7 million tonnes at the same time last year, a government report said. The 8 percent jump in output comes after farmers planted more cane to benefit from higher prices and as favo

US shale oil production is expected to rise for a seventh consecutive month in July, according to a forecast Monday from the US Energy Information Administration, as analysts continue to raise concerns about oversupply given a resilient US shale industry.

Supreme Court on Tuesday issued a notice to Secretary Trade Development Authority of Pakistan (TDAP) Abdul Kabir Kazi over his restoration from Federal Service Tribunal in response to Federation's appeal in the matter. The Federation contended that Kazi w

Nur Bekri Chairman National Energy Administration (NEA) of China along with a delegation comprising Huang Xuenong, DG Department of Electric Power; Liu Deshun, DG Department of Oil & Gas; Gun Jun, DG Department of International Cooperation; Wu Ruipeng, Di

Nur Bekri Chairman National Energy Administration (NEA) of China along with a delegation comprising Huang Xuenong, DG Department of Electric Power; Liu Deshun, DG Department of Oil & Gas; Gun Jun, DG Department of International Cooperation; Wu Ruipeng, Di

Indian troops, in their fresh act of state terrorism, on Tuesday martyred another youth in Pulwama district of the occupied Kashmir bringing the death toll to three since Monday. The troops killed the youth during continued crackdown operation in Bahmnoo

Ambassador designate of Pakistan to Japan, Dr Asad Majeed Khan, called on Finance Minister, Senator Mohammad Ishaq Dar, at the Ministry of Finance on Tuesday, says a press release.

The National Assembly Standing Committee on Human Rights on Tuesday passed the much-awaited landmark bills, Islamabad Capital Territory (ICT) Child Protection Bill, 2017 and Juvenile Justice System Bill, 2017, for better care, protection and rehabilitatio

Kot Addu Power Company Limited (PSX: KAPCO) is the country's largest independent power producer, and a significant contributor to the national exchequer. The IPP is involved in the ownership, operation and maintenance of a 1,600 MW nameplate capacity gas,

Kot Addu Power Company Limited (PSX: KAPCO) is the country's largest independent power producer, and a significant contributor to the national exchequer. The IPP is involved in the ownership, operation and maintenance of a 1,600 MW nameplate capacity gas,

The second lunar eclipse of 2017 will occur on August 7 and will be partially visible in Pakistan. According to Pakistan Meteorological Department (PMD), the lunar eclipse will begin on the night of August 7. The partial lunar eclipse can be seen in Pakis

The Pakistan People's Party Punjab will observe black day today against military takeover back in 1977. The provincial party set up will take out processions, hold seminars and conferences to highlight the negative impact of dictatorship in the country. T

The first Hajj flight carrying 165 pilgrims would leave from Faisalabad Airport on July 24 and total five thousand pilgrims would proceed to Saudi Arabia through 32 flights from the Haji Camp Faisalabad during the Hajj operation. According to details, the

Fertilizer manufacturers have decided to resume sales of urea after the ministry of finance and ministry of food security & research has given assurance to issue subsidy notification within next 10 days.

A six-member delegation of Tianjin University of Technical Education (TUTE) China visited the Technical Education and Vocational Training Authority (TEVTA) to finalize the establishment of University of Technical and Vocational Education (UTVE) here on Tu

Punjab Chief Minister Shahbaz Sharif on Tuesday presented cheques worth Rs 0.8 million each to heirs of deceased persons and Rs 0.3 million each to the injured as financial aid among Dolly lift accident which occurred in the area of Khyber Pakhtunkhwa. Ta

The furniture industry delegations from China, Turkey, Taiwan, Thailand and other countries have started arriving here on a week-long visit to participate in the three-day 8th National Interiors Pakistan Exhibition commencing from July 7th in Karachi. The

Awami Raj Party MNA Jamshed Ahmed Dasti on Tuesday got warm welcome on his return to Muzaffargarh, a day after getting bail in provocative speech case. The supporters flocked to the Chenab Bridge, danced and threw flowers as the MNA came out of his vehicl

The agriculture is the backbone of our economy which is directly linked to poverty alleviation. Therefore, it is prerequisite to equip the farming community with modern techniques and trends to make the sector profitable and sustainable, said University o

The Social Welfare & Bait-ul-Maal (SW&BM) Punjab in collaboration with the Medibank Trust, a non-government organization, on Tuesday inaugurated a one-month computer training programme for the visually impaired persons, including women, under the title to

The Pakistan Software Houses Association for IT and ITES (P@SHA) on Tuesday released its 2017 IT Salary Survey report that provides an analysis of the average salaries, growth, promotions and benefits for the IT & IT Enabled Services sector employees in P

Pakistan is all set to hoist the eighth largest flag of the world at Wagah border, and the preparations are in full swing. As per details, the eight largest flag would be installed in the park adjacent to the border. The Pakistani flag would be 400 feet h

Lahore Chamber of Commerce and Industry (LCCI) on Tuesday congratulated the newly-appointed FBR Chairman Tariq Mahmood Pasha and expressed optimism that he would help resolve economic issues and challenges. LCCI President Abdul Basit, Senior Vice Presiden

The Punjab government has decided to set up a 1320MW coal power plant in Rahim Yar Khan. In this regard, the provincial government has inked a memorandum of understanding (MoU) with Chinese Huang Shandong Power General Company which will extend technical

The sixteenth death anniversary of Sindhi folk singer and recipient of President's Pride of Performance, Allan Fakir was observed on Tuesday. Born in 1932 in Jamshoro district of Sindh, Allan Fakir rose to fame singing Sufi songs comprising verses from Su

Three tourists belonging to Khyber Agency were killed when their car plunged into a deep ravine in Babusar top area of Kaghan Valley, police said on Tuesday. Diamar police said that the deceased had gone to Gilgit-Baltistan for a tour. While returning fro

The National Highways Authority (NHA) provided undue benefit to the tune of multibillion rupees to selected contractors over the years, Auditor General Pakistan officials revealed. Senior Audit officials while briefing a subcommittee of the Public Account

Federal Minister for Water and Power Khawaja Asif has termed the feasibilities being conducted by the Chinese side on Indus River cascade as part of recently signed MoU between the two countries, a major leap toward tapping indigenous hydel resources and

Finance Act 2017 has abolished the concept of making a provisional assessment on failure to furnish a return of income on a notice from the commissioner under section 114(3) or 114(4) of the Income Tax Ordinance and replaced it with the concept of "Best J

An oil tanker overturned on Indus Highway near Sapina area of Karak on Tuesday. According to details, the tanker was enroute to Karachi from Nashpa oil field when the driver lost the vehicle's control and it turned over spilling hundreds of litres oil. Au

On the invitation of Tajik President Emomali Rahmon, Prime Minister Muhammad Nawaz Sharif will pay an official visit to the Tajikistan from July 5-6, 2017 along with a high-level delegation, says a press release issued here on Tuesday.

KP Chief Minister Pervez Khattak has directed for the proper monitoring of pace on the main corridor and allied routes of Bus Rapid Transit Peshawar and the shifting of utilities at both sides of the main corridor of the BRT adding that the project has be

The Khyber Pakhtunkhwa Governor Iqbal Zafar Jhagra on Tuesday distributed compensation cheques among the victims of twin blasts in Parachinar. The Governor visited Parachinar and met a delegation of victim families. He also distributed compensation cheque

GE announced the achievement of a major milestone in its contract with China Machinery Engineering Corp (CMEC) for Engro Powergen Thar (Pvt.) Limited's Thar Block II Power Plant, with the delivery of critical equipment for boilers, including cyclones, wat

The president of the Lasbela Chamber of Commerce and Industry, Ismail Sattar, has expressed strong opposition to the government's plan to pass the entire circular debt burden on to consumers. He was referring to a report revealing that before general elec

Directorate General Customs Valuation (DGCV) has revised the customs values of ball bearings and taper bearings under section 25(9) of the Customs Act, 1969. According to details, although the customs values of bearings were determined under section 25A o

Sindh Minister for Information, Transport and Labour Syed Nasir Shah paid rich tributes to Shaheed Zulfikar Ali Bhutto, Shaheed Benazir Bhutto and party workers for their struggle against the dictatorial regimes eventually sacrificing their lives for the

The Met Office has asked the farmers to take steps for protecting the standing crops from the negative impacts of the changing monsoon system. It said that rice growers should sow the crop in line with the agriculture experts' recommendation and plan the

The Met Office has predicted more rains with thundershowers mainly for upcountry in the next 48 hours, alerting the pubic to landslides in mountainous region. It said on Tuesday that more rain/thundershowers with isolated heavy falls are expected at scatt

The Institute of Cost and Management Accountants of Pakistan (ICMAP) and USA-based Center for International Private Enterprise (CIPE) recently signed an agreement for building capacity in the area of anti-corruption compliance and corporate governance.

Shahid Mustafa has been appointed as CEO of Telenor Microfinance Bank.

Oil and gas regulator expects the first report this week in an investigation into a tanker explosion involving a Shell Pakistan contractor that killed 209 people, a spokesman for the regulatory authority said on Tuesday. The June 25 explosion took place a

The Federation of Pakistan Chambers of Commerce and Industry will hold a four-day international trade fair in October, the country's first and largest fair of this kind, the president of the FPCCI announced on Tuesday. The fair, to be held from October 26

At least six passengers including a woman were killed on Tuesday when a passenger coach turned turtle near Miani Forest between Hyderabad and Matiari and more than 30 sustained injuries. According to the police and the passengers, the coach was going from

"First Brother, eat your heart out!"

The Lahore Electric Supply Company (LESCO) has yet to recover over Rs 11 billion despite disconnecting supplies to the defaulters. The Company sources said so far 310,000 meters have been disconnected under the recovery campaign. Many of the defaulters ha

Provincial Minister for Information & Culture, Mujtaba Shuja Ur Rehman has said that Provincial Information & Culture Department has prepared comprehensive framework of Art & Culture Policy. 'The purpose of this cultural policy is to promote historic cult

The students of private institutions have secured top positions as the Board of Intermediate and Secondary Education (BISE) Mardan on Tuesday announced results of the Secondary School Certificate (SSC) annual examination 2017. A total of 63,466 candidates

The Lahore High Court on Tuesday reserved its verdict on a petition challenging cancellation of national identity card of a Pakhtun man and Form-B of his two minor daughters. The petitioner, Wali Muhammad Khan, through his counsel Ch Shoaib Saleem advocat

In a bid to enhance people to people contacts and cultural cooperation, China and Pakistan have agreed to expand their bilateral collaboration in film, television and publications. In this regard, Vice Minister of China's State Administration for Press, P

The owners of Grand Hyatt Hotel Islamabad have fled after collecting Rs 5 billion from various clients including Chairman of Pakistan Tehreek-e-Insaf (PTI) Imran Khan, officials said. Briefing a subcommittee of the Public Accounts Committee (PAC), here on

Berlin Petroleum (Private) Ltd is excited to launch their products in Pakistan for the first time. Berlin is the capital of Germany. Since decades German products are the metaphor for quality and precision, and we at Berlin Petroleum are committed to brin

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Tuesday said that the entire nation had been praying for the cricket team and demonstrated a rare unity, faith and solidarity in celebrating the triumph of the tea

Sardar Masood Khan, President of Azad Jammu and Kashmir (AJK) on Tuesday said Kashmir should not be a nuclear flashpoint but a crucible for connectivity for the people of South Asia. Speaking at a seminar on "Kashmir: Way Forward" held at the ongoing Brad

The Senate Standing Committee on Law and Justice Tuesday discussed amendments to the oath of office for members of Pakistan's religious minorities and deferred the matter until the opinion of the Council of Islamic Ideology is received on the issue. The c

A three-member delegation led by Suresh Sidhu, Group CEO, EDOTCO Group visited Board of Investment, Islamabad and met Minister of State/Chairman BOI Dr Miftah Ismail. The Chairman welcomed the honourable guests. The objective of this meeting was to update

Director media cell Jamaat-I-Islami Women's Wing, Aliya Mansoor, Deputy Director, Sadia Hamna; Information Secretary, Saima Iftikhar, Aliya Shamim, Mehr Afshan and others have offered their heartfelt condolences on the sad demise of senior journalist Zeba

Punjab Chief Minister Muhammad Shahbaz Sharif hosted a luncheon in honour of Administrator National Energy Administration China, Vice Chairman NDRC Nur Bekri and his delegation at Government house, Murree Tuesday. Chinese Ambassador to Pakistan Sun Weidon

Senior leader of Pakistan Tehreek-e-Insaf Dr Babar Awan on Tuesday lashed out at Pakistan Muslim League-Nawaz (PML-N) saying that entire nation has understood now that Sharif family is unable to answer even a single question. In a statement, he said, "Joi

Political administration (PA) of Mohmand Agency has ordered Afghans refugees to leave the tribal region within six days, who are residing in Lower Mohmand Agency Ekkaghund Sub-division of the tribal area of Mohmand Agency. An official of the lower Mohmand

Iran's supreme leader, Ayatollah Seyyed Ali Khamenei, has called upon the Judiciary of his country to pursue issues like Kashmir legally and adopt official position on such international issues. Ayatollah Khamenei made these remarks at a meeting with high

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday while directing a quite exceptional critique at Pakistan Muslim League-Nawaz (PML-N) questioned their formula behind accumulating vast fortune. Khan's tweet was a question and answer at the sam

The Election Commission of Pakistan (ECP) on Tuesday adjourned the hearing of a case against chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan till July 10.

The daughter of Prime Minister Nawaz Sharif said on her twitter message that PM Nawaz Shaif was the real leader of the nation. "Kill them with your success and bury them with a smile," she wrote this message on social media web site Twitter during PM Nawa

Executive Director Asian Development Bank (ADB) Sami Saeed called on Finance Minister Senator Ishaq Dar at the Ministry of Finance on Tuesday. The executive director discussed matters with the finance minister related to ADB's various projects and program

"July 5 is a day of shame and horror in the history of the country as it was on this day 40 years ago when the nation was hijacked by Bonaparte.

President Mamnoon Hussain has said that the process of tax refunds to small industries should be expedited and they should be provided all necessary facilities to further strengthen the country's economy. The President said this while talking to a delegat

Pakistan Tehreek-e-Insaf Chairman Imran Khan said on Tuesday it was the first time that big crooks were being questioned over corruption in the country's history. Speaking to supporters after inaugurating a small-scale hydroelectric power supply scheme in

Lahore High Court (LHC) has issued a notice to the Regional Tax Office Bahawalpur Commissioner in a contempt of court petition moved by an aggrieved taxpayer Muhammad Anwar whose refunds have been denied by the commissioner on one and the other pretext ev

The government is unlikely to collect Rs 2 billion budgeted for fiscal year 2017-18 on account of Petroleum Development Levy (PDL) from locally produced liquefied petroleum gas (LPG) due to stay order by the court on the LPG Policy 2011. On October 3, 201

Islamabad High Court (IHC) Tuesday issued notices to the Federation and principal secretary to Prime Minister over a plea challenging Prime Minister Mian Nawaz Sharif's recent announcement to distribute cash awards of Rs 215 million among national cricket

The Sui Northern Gas Pipelines Limited (SNGPL) on Tuesday suspended gas supply to industry and CNG stations across Punjab. According to the SNGPL spokesperson, gas supply has been suspended due to technical problem at Engro LNG Terminal and Annual Turn Ar

This is apropos a Business Recorder news item "Dar castigates IK to voice deep govt frustration" carried by the newspaper yesterday. Terming Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan 'a liar', 'a gambler' and 'a tax-evader', Finance Minist

A stunning defeat for Japanese Prime Minister Shinzo Abe's ruling party at the hands of a novice political group in the capital has revealed the fragility of his support and shown that voters can desert him - if there is a credible alternative. Abe surged

The law Companies Act, 2017 (the 'Act') vide Section 452 'Companies' Global Register of Beneficial Ownership' introduced a new concept in corporate law, as no similar provision formed part of preceding corporate law. This writer's preliminary study

Pakistan is entering rather tentatively what is called the 'sharing economy' with the advent of Careem and Uber cab services as well as Airbnb accommodation services in the country. Both these services have been built around a unique business model: priva

The weather report on Tuesday (July 04, 2017) and the forecast for Wednesday (July 05, 2017).

The question where Pakistan figures in the United States' regional policy has no easy answer. Although President Trump has threatened to harden his approach towards Pakistan, the chairman of influential US Senate's Armed Services Committee, Senator John M

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 04, 2017).

According to a Business Recorder exclusive, the government has decided not to pass on the entire decline in the international price of oil and products to domestic consumers as recommended by Oil and Gas Regulatory Authority (Ogra). Given that the

The following were Monday official prices.

German car giant Volkswagen said Tuesday it was returning to the Iranian market for the first time in 17 years due to the lifting of economic sanctions. The company, maker of brands including VW, Porsche, Skoda and Seat, said it would resume selling cars

The following were Monday official prices.

German car giant Volkswagen said Tuesday it was returning to the Iranian market for the first time in 17 years due to the lifting of economic sanctions. The company, maker of brands including VW, Porsche, Skoda and Seat, said it would resume selling cars

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 04, 2017).

German car giant Volkswagen said Tuesday it was returning to the Iranian market for the first time in 17 years due to the lifting of economic sanctions. The company, maker of brands including VW, Porsche, Skoda and Seat, said it would resume selling cars

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 04, 2017)

Prime Minister Nawaz Sharif is expected to discuss Trilateral Transit Trade Agreement (TTTA) between Pakistan, Afghanistan and Tajikistan which has been stalled due to Afghanistan''s insistence to include India making it a quadrilateral agreement, well in

Paper market rates in rupees on Tuesday (July 04, 2017).

Prime Minister Nawaz Sharif is expected to discuss Trilateral Transit Trade Agreement (TTTA) between Pakistan, Afghanistan and Tajikistan which has been stalled due to Afghanistan's insistence to include India making it a quadrilateral agreement, well inf

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (July 04, 2017).

Prime Minister Nawaz Sharif is expected to discuss Trilateral Transit Trade Agreement (TTTA) between Pakistan, Afghanistan and Tajikistan which has been stalled due to Afghanistan's insistence to include India making it a quadrilateral agreement, well inf

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 04, 2017).

Qatar announced plans for a steep rise in Liquified Natural Gas (LNG) production capacity on Tuesday that suggested it was ready for a protracted dispute with Gulf neighbours, but Doha said it was doing all it could to reach agreement.

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 04, 2017).

Qatar announced plans for a steep rise in Liquified Natural Gas (LNG) production capacity on Tuesday that suggested it was ready for a protracted dispute with Gulf neighbours, but Doha said it was doing all it could to reach agreement.

Interbank closing rates for dollar on Tuesday (July 04, 2017).