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North Koreans arrive in South from Russia: reports - Business Recorder
It cited a Seoul government official who declined to be named. The remaining 32 are awaiting departure at the South's embassy in Moscow, it said. Dong-A Ilbo newspaper said the eight spent between 18 months and two years in the diplomatic mission ...
National Saving Schemes: ECC allows institutional investment - Business Recorder
An official, who requested anonymity, said the decision of the economic team to allow institutions to make investment in the saving schemes would not augur well for the financial sector and: it would create distortions. Source said the economic ...
Acceptance of discriminatory conditions in BIT with US: BoI decision irks ... - Business Recorder
ISLAMABAD: Commerce Ministry is reportedly infuriated at Board of Investment (BoI) for accepting a couple of conditions in the Bilateral Investment Treaty (BIT) with the US, which are not only discriminatory but also Pakistan specific, sources close to ...
Vietnam may take top rice exporter title from Thailand - Business Recorder
Indonesia, which plans to import up to 2 million tonnes this year, should decide on this year's rice imports by no later than June when the government has a clearer idea about the size of the domestic crop, a government official said on Thursday.
French journalists in Beirut - Business Recorder
"They are both under observation in Beirut's Hotel-Dieu de France hospital," the source said. Bouvier, who sustained serious leg wounds in Syria, was in a "stable" condition, the source added. French President Nicolas Sarkozy announced on Thursday that ...
PSM on the verge of shut down: Finance refuses to release funds - Business Recorder
ISLAMABAD: Pakistan Steel Mills (PSM) is said to be on the verge of shut down as the Finance Ministry has refused to release the required funds in accordance with the Business Plan approved by the Prime Minister and Federal Cabinet, sources close to ...
New FEMA rules may allow Pakistani investment - Business Recorder
NEW DELHI: In a major step forward towards normalizing business ties, Indian government plans to bring changes in Foreign Exchange Management Act (FEMA) to allow investments from Pakistan, a senior government official said. "Commerce ministry has sent ...
Cabinet relaxes PPRA rules - Business Recorder
ISLAMABAD: The Cabinet has relaxed PPRA Rules 2004 for price matching of 178000 tons of sugar at the lowest rate of Rs 46250 per ton, sources close to TCP Chairman told Business Recorder. They said that the Cabinet was informed that the Committee ...
Russia goes back to school in parliament polls - Business Recorder
A teacher of Russian language in the Moscow region, who chose to remain anonymous, told AFP that teachers were told recently to "ensure parents' turnout to the polling stations" by cold-calling their homes, and then providing authorities with a list of ...
Decision overdue on sugar exports: India - Business Recorder
A senior industry official who did not wish to be identified said he thought India would permit exports but, if opposition criticism becomes too shrill, there might be further delays. India's inflation is running at more than nine percent and the ...
Philippines says exports to be flat or down in 2011 - Business Recorder
MANILA: The Philippines' exports will likely be flat to slightly down this year, weaker than a previously downgraded 5 percent growth goal, putting at risk its overall 2011 GDP growth target, a senior government official said on Monday. ...
Fiat to explain output plans - Business Recorder
MILAN: Italian market watchdog Consob has asked Fiat to clarify its business plan for its Italian factories, a source close to Consob said on Saturday, adding to union pressure on the carmaker to make good on investment pledges in its domestic hub. ...
Isolated Ukraine entwined in Tymoshenko trap - Business Recorder
"It's winter, the ink will freeze up in the pen," a top EU diplomat in Kiev, who asked not to be named, told AFP about the chances of signing the Association Agreement soon. "Ukraine risks being left alone." Russian Prime Minister Vladimir Putin, ...
Taliban attack kills Pakistani soldier: officials - Business Recorder
"One soldier was killed and two were wounded in the attack," a Pakistani official, who requested anonymity, told AFP. "Our troops retaliated and repulsed the attack. Four militants were killed during exchange of fire." Another security official in ...
Lloyds FD set to quit to join Friends Life: sources - Business Recorder
"There's a lot of restructuring work to do at Friends, and there's possibly further acquisitions to make," said the source, who declined to be identified. Another source said Tookey, having helped steer Lloyds through the maelstrom of the credit crisis ...
Record increase in private colleges, schools fee upset parents - Business Recorder
The private colleges and schools always take their decisions at own and enhance the tuition fee, security and other charges putting extra burden every year on the parents, said a mother on the condition of anonymity who was forced to pull her son out ...
GLP eyes $1.3bn IPO of Japan assets this year - Business Recorder
GLP, the warehouse unit of Singapore wealth fund GIC, has hired Citigroup Inc , Goldman Sachs and Nomura Holdings as the main underwriters for the IPO, said the people, who asked not to be identified because the transaction is not public. ...
PCB not to build cricket stadium in Islamabad - Business Recorder
Talking to the APP, the source said, "It is total wastage of money as international teams are not touring Pakistan. At this stage I think it is not a good idea to spend a lot of money on this project". The source further said that it would be better if ...
Lao airline buys Libya-bound Airbus jets - Business Recorder
Lao Airlines signed a memorandum on August 2 with European aircraft manufacturer Airbus to take delivery of the A320s, an executive of the carrier who declined to be named told AFP on Thursday. He said the jets, with 126 economy and 16 business-class ...
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BANGKOK: The Thai state may release some of its rice stocks into the domestic market if it sees any shortage, a government official said on Tuesday, after speculators were reported to be hoarding grain, expecting prices to rise under an incoming ...
Thailand may export record 7mn tonnes sugar in 2011 - Business Recorder
BANGKOK: Thailand expects to export a record 7.0 million tonnes of sugar in 2011, a senior government official said on Friday, adding that the quota to be set aside for domestic consumption had been cut to 2.6 million tonnes from 2.8 million after a ...
Pakistan Economy to grow by 4pc in 2011-12: ADB - Business Recorder
"We are looking at a growth rate of 4 percent for the next year because of a good services sector and on hopes of better farm output," said a Finance Ministry official who did not want to be identified. The figure compares with a 3.7 percent growth ...
Months of Parmalat share moves probed - Business Recorder
Parmalat Chief Executive Enrico Bondi was heard as a witness in the inquiry and no individuals have been identified, the source said. Il Sole 24 Ore business daily and Corriere della Sera said the probe centred on potential market manipulation from Jan ...
Re-insurers take another hit from quake in Japan. - Business Recorder
In Paris, a sector analyst who asked to remain anonymous told AFP: "After the floods in Australia, the quake in New Zealand and now the one in Japan, the bill for re-insurers is already looking expensive this year." The Italian investment bank ...
Echo of Balkans in US policy debate on Libya - Business Recorder
"They were just being honest about what it involves," a defence official, who spoke on condition of anonymity, told AFP. At a Senate hearing earlier this week, Clinton compared the policy dilemmas on Libya to the conflict in the Balkans when her ...