The NWFP Senior Minister and provincial Amir of Jamaat-i-Islami |(JI) Siraj-ul-Haq has said that Hisba Act would be tabled in next session of the provincial assembly. He maintained that if nobody differed on providing social justice to the masses and ensu
The Ministry of Labour and Manpower and the International Labour Organisation (ILO) will launch a comprehensive report on Forced Labour on May 12. The report "A Global Alliance Against Forced Labour" has been prepared as a follow-up of ILO's declaration o
Pakistan Agriculture Research Centre (Parc) and International Maize and Wheat Improvement Centre will collaborate in the field of agriculture research and development. Parc Chairman Dr Badaruddin Soomro discussed the matter with Dr Norman Borlaug - the No
Fecto Belarus, a tractor assembler and importer firm, has been told by Supreme Court that it is not entitled to nearly Rs 500 million it had paid on import of tractors as it is not entitled to tax amnesty under Awami Tractors Scheme of 1994 and 1996. The
The ministry of education has proposed non-formal education system for street children because their number is increasing day-by day in the country. Sources told Business Recorder that 'Education For All' wing has proposed to launch the project wit
The Telenor Pakistan took another step ahead in providing value-added services to its customers by signing Short Messaging Service (SMS) Interconnect Agreement with the PTCL, the largest fixed line operator. After implementation of this interconnectivity,
Within days before or after the 2005-06 budget, things may take a surprise turn, leading to key changes in the ruling Pakistan Muslim League, which may be unexpected for many but not for others. It may be remembered that last year the budget had seen Zafa
The Securities and Exchange Commission of Pakistan (SECP) has advised all registered companies to abide by the rules and regulations, and refrain from undertaking activities beyond the limits as specified in their Memorandum of Association. Strict legal a
Rise in three-month and one-year treasury bills cut-off rates by 100 basis points is a hint that the State Bank of Pakistan is not only controlling inflation rate but also wants to cap credit expansion. Salman Jafari, from Jahangir Siddiqui Capital Market
Rise in three-month and one-year treasury bills cut-off rates by 100 basis points is a hint that the State Bank of Pakistan is not only controlling inflation rate but also wants to cap credit expansion. Salman Jafari, from Jahangir Siddiqui Capital Market
Endorsing a landmark order of Federal Tax Ombudsman (FTO), the President has made it mandatory for the adjudication authorities to decide cases within the given timeframe under Sales Tax Act, 1990. The Ministry of Law and Justice has further supported FTO
Indus Basin Commissioners of India and Pakistan on Wednesday signed the draft of minutes of the third round of talks on Kishanganga hydropower project held here from May 8 to 10. Syed Jamat Ali Shah, Indus Basin Commissioner Pakistan told Business Reco
Shaukat Aziz on Wednesday called on President of Singapore, S. R. Nathan and discussed bilateral issues, peace and security in the region. In the around 45 minutes talks, they also discussed economic and trade relations between the two countries. The Prim
Sindh Chief Minister, Dr Arbab Ghulam Rahim on Wednesday lauded the close ties of friendship and understanding that exists between Pakistan and Poland, and hoped that the economic ties between the two countries would expand. He said this while extending g
The 4th Young Leaders Conference-International, 2005, organised by the School of Leadership (SoL), will be held in Islamabad from July 1-6, 2005 with the theme, "Feel, Focus, Fly." Asma Mustafa, CEO YLC-I, announced this here at a press conference on Wedn
Small and Medium Enterprise Development Authority (Smeda) and the Export Promotion Bureau (EPB) have joined hands with CBI-The Dutch Center for Promotion of Imports from developing countries, so as to increase Pakistan's share in European Union market. CB
Muttahida Majlis-i-Amal (MMA) on Wednesday launched its 'Democracy Caravan' from Lahore to Sahiwal in the third phase of its mass contact campaign. Addressing the participants of the caravan at Mansoora, MMA Chief Qazi Hussain Ahmed said that the US has c
The Export Promotion Bureau (EPB) has launched a hand holding scheme to honour successful exporters, and to inspire new incumbents by old exporters' success stories. The scheme is part of trade policy initiative, aiming to inspire and guiding potential bu
Karachi Press Club (KPC) is holding a condolence meeting for Safdar Barlas, Maqbool Jalees, and Ahmed Abassi at KPC at 3pm on Thursday. Relatives of the deceased and senior members of KPC will highlight their achievements. All members of KPC have been req
Federal Minister for Parliamentary affairs, Dr Sher Afgan Khan Niazi said on Wednesday that government of Pakistan has taken serious notice of the issues of cartoon in 'Washington Times' and desecration of Holy Quran by American soldiers at Guantanamo Bay
President General Pervez Musharraf on Wednesday visited various units of the Army Strategic Forces here. He was received by Lieutenant General Ghulam Mustafa, Commander, Army Strategic Forces Command. He remained with the force for sometime during which h
A US Congress-mandated commission advised the government on Wednesday to blacklist Pakistan, Turkmenistan and Uzbekistan for alleged violation of religious freedom and beliefs. The US Commission on International Religious Freedom also sought removal of In
Pakistan has welcomed the appointment of Raymond Lafitte, a Swiss civil engineer and professor as neutral expert of the World Bank (WB) on the issue of Baglihar Hydropower Project. "We are confident that the issue pertaining to Baglihar Hydro power Projec
President General Pervez Musharraf has appreciated the role of local government representatives in resolving people's problems at the local level and said that the local government system has full potential to bring about a silent revolution at the grassr
State Bank of Pakistan Governor, Dr Ishrat Husain has presented a roadmap to the commercial banks for the development of small and medium enterprises (SMEs). The SBP governor elaborated on the vision of SMEs and the ways to attain that vision while addres
State Bank of Pakistan Governor, Dr Ishrat Husain has presented a roadmap to the commercial banks for the development of small and medium enterprises (SMEs). The SBP governor elaborated on the vision of SMEs and the ways to attain that vision while addres
State Bank of Pakistan Governor, Dr Ishrat Husain has presented a roadmap to the commercial banks for the development of small and medium enterprises (SMEs). The SBP governor elaborated on the vision of SMEs and the ways to attain that vision while addres
The government has drafted a proposal in budget 2005-06 to levy 5 percent income tax on transfer of property. The adjustable withholding tax may be levied at the minimum rate of 5 percent on plots, houses and other property in urban areas. However, it has
The government has drafted a proposal in budget 2005-06 to levy 5 percent income tax on transfer of property. The adjustable withholding tax may be levied at the minimum rate of 5 percent on plots, houses and other property in urban areas. However, it has
The government has drafted a proposal in budget 2005-06 to levy 5 percent income tax on transfer of property. The adjustable withholding tax may be levied at the minimum rate of 5 percent on plots, houses and other property in urban areas. However, it has
The government has drafted a proposal in budget 2005-06 to levy 5 percent income tax on transfer of property. The adjustable withholding tax may be levied at the minimum rate of 5 percent on plots, houses and other property in urban areas. However, it has
Central Board of Revenue (CBR) Chairman Abdullah Yusuf has expressed concern over tax officers working as private tax practitioners and directed the commissioners of income tax appeals and collectors of customs, sales tax and central excise adjudication t
Central Board of Revenue (CBR) Chairman Abdullah Yusuf has expressed concern over tax officers working as private tax practitioners and directed the commissioners of income tax appeals and collectors of customs, sales tax and central excise adjudication t
Central Board of Revenue (CBR) Chairman Abdullah Yusuf has expressed concern over tax officers working as private tax practitioners and directed the commissioners of income tax appeals and collectors of customs, sales tax and central excise adjudication t
Saudi Arabia has refused to lift the ban on import of live birds and eggs from Pakistan despite the fact that the country has been declared free from Bird Flu, poultry exporters said on Wednesday. In response to a request for lifting of the ban, by Pakist
Saudi Arabia has refused to lift the ban on import of live birds and eggs from Pakistan despite the fact that the country has been declared free from Bird Flu, poultry exporters said on Wednesday. In response to a request for lifting of the ban, by Pakist
Saudi Arabia has refused to lift the ban on import of live birds and eggs from Pakistan despite the fact that the country has been declared free from Bird Flu, poultry exporters said on Wednesday. In response to a request for lifting of the ban, by Pakist
A crude bomb planted by freedom fighters ripped through a vehicle in the heart of Indian occupied Kashmir's main city of occupied Srinagar on Wednesday, killing two people and wounding 35 others. "It was a ground shaking explosion. I saw a huge cloud of d
Pakistan and Greece on Wednesday signed a Memorandum of Understanding (MoU) to jointly fight organised crimes, terrorism, illicit trafficking of narcotics and psychotropic substances. "Both the countries have expressed willingness to strengthen and improv
Around 1,100 Pakistani workers have arrived in Malaysia, the first batch of an estimated 100,000 Pakistanis scheduled to stream into the country to fill a labour shortage caused by the departure and expulsion of Indonesian workers, a news report said on W
The food departments of Punjab and Sindh and the Passco had purchased 2.4 million tonnes of wheat till May 10, which was 50 percent of this year's procurement target of 4.8 million tonnes, official sources told Business Recorder here on Wednesday.
The Central Board of Revenue (CBR) has reduced, up to 50 percent, customs duty on import of 1350 cc cars. The CBR issued SRO (I)/2005 here on Wednesday to implement the decision. According to the notification, the CBR has exempted motor cars of engine cap
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
The Central Board of Revenue (CBR) has reduced, up to 50 percent, customs duty on import of 1350 cc cars. The CBR issued SRO (I)/2005 here on Wednesday to implement the decision. According to the notification, the CBR has exempted motor cars of engine cap
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
Privatisation Minister Dr Abdul Hafeez Shaikh on Wednesday said that American companies should participate in Pakistan''s privatisation programme. He was talking to members of a delegation of Overseas Private Investment Corporation (Opic), USA, headed by
Ukraine increased its sunflower oil exports to 61,930 tonnes in April from 60,500 in March and 46,500 in February, analysts said on Wednesday, quoting preliminary official data. ProAgro agriculture consultancy said Ukraine exported sunoil mostly to Britai
Privatisation Minister Dr Abdul Hafeez Shaikh on Wednesday said that American companies should participate in Pakistan's privatisation programme. He was talking to members of a delegation of Overseas Private Investment Corporation (Opic), USA, headed by R
Singapore bunker prices fell on Wednesday, tracking lower fuel oil cargo values but the bunker/cargo premium strengthened, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $255-$257 a tonne, down $3 from Tuesday, with the bunker pr
Privatisation Minister Dr Abdul Hafeez Shaikh on Wednesday said that American companies should participate in Pakistan's privatisation programme. He was talking to members of a delegation of Overseas Private Investment Corporation (Opic), USA, headed by R
The Karachi Port handled 76,579 tonnes of cargo including 48,810 tonnes import and 27,769 tonnes export cargo including 4,227 containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 61,106 tonnes dry cargo including 46,46
Pakistan and Morocco have agreed on the draft convention on Avoidance of double taxation between the two countries. A three-member Moroccan tax delegation comprising Noureddine Bensouda, Director of Tax Administration, Mustapha Kharbouch, Chief of Service
Spot corn basis bids were steady to firm in the US Midwest on Tuesday, reflecting sluggish country movement, while soyabean bids were steady to mixed amid light offerings, merchandisers said. Soya processor bids edged lower in western areas, with the basi
Eastman Kodak Co, the camera and film company undergoing a difficult transition to digital products and services, on Wednesday said Chief Executive Dan Carp will step down in June and be succeeded by the president, Antonio Perez. Carp, 57, will remain cha
Slower iron ore imports into China are likely to pressure world dry freight rates in the near term, with many mills in the country worried over sharp falls in domestic steel product prices. Shipping officials saw little in the Far East to support the benc
Eastman Kodak Co, the camera and film company undergoing a difficult transition to digital products and services, on Wednesday said Chief Executive Dan Carp will step down in June and be succeeded by the president, Antonio Perez. Carp, 57, will remain cha