Advisor to Finance Ministry, Dr Ashfaq Hassan on Thursday said that government was taking steps to improve tax collection to Gross Domestic Product (GDP) ratio.
The profile of this nascent Leasing Company emerges as the one which facilitates the lessee by providing cash flow benefits, an alternate source of funding, avoidance of dilution of share ownership, time efficiency and above all tax efficiency - the attri
Chinese President Hu Jintao on Thursday thanked Pakistan for supporting China at international fora on various issues. The Chinese President conveyed the sentiments at a meeting with President General Pervez Musharraf at the United Nations headquarters.
The profile of this nascent Leasing Company emerges as the one which facilitates the lessee by providing cash flow benefits, an alternate source of funding, avoidance of dilution of share ownership, time efficiency and above all tax efficiency - the attri
General Liang Guanglie, member of the Central Military Commission and Chief of the General Staff of the People's Liberation Army (PLA) held talks with General Ehsan-ul-Haq, Chairman of the Joint Chiefs of Staff Committee and pledged to further strengthen
Prime Minister Shaukat Aziz will have a busy schedule when he arrives here on Saturday on a daylong visit. He will launch various development schemes and announce package for development of Gwadar city as well as incentive package for investors in Gwadar
The Azad Jammu and Kashmir (AJK) Cabinet on Friday asked India to respond positively to President Pervez Musharraf's call for reduction in troops deployment in occupied Kashmir.
Ten candidates were left in the field for City Nazim Karachi election when nomination papers of two candidates were rejected by Returning Officer (RO) on Friday.
A reported plan of the Pakistan Telecommunication Company Limited (PTCL) management to terminate over 4,000 of its low-ranked contract employees and the government's inability to undo the move sparked a strong protest from the treasury members in the Sena
A historian once said, "those who don't learn from unpleasant events, one day become part of such events". Flash floods and rains in May and June this year wreaked havoc in Nowshehra, Peshawar and elsewhere.
The refusal of Speaker National Assembly to allow a debate on devastation caused by floods and heavy rains in the NWFP triggered an opposition walkout on Friday. Earlier, Muttahida Majlis-i-Amal (MMA) and Pakistan Muslim League (N) also walked out from th
A four-member interior ministry delegation is due to leave on Sunday for Turkey to attend a meeting of the Pak-Turkish joint commission set up to strengthen bilateral co-operation in combating terrorism and organised crime.
The Privatisation Commission has provided Rs 240.412 billion, from the proceeds of 26 public sector units privatised since November 2002 till to-date, to the finance ministry, sources at PC told Business Recorder here on Friday.
Executive Director, Punjab Institute of Mental Health (PIMH), Brigadier Dr Saeed A. Akhtar (Retd) has been given one-year extension to continue on the same post. Dr Saeed was on contractual appointment in Grade-20 as executive director in PIMH. His contra
The Pakistan Telecommunication Company Limited (PTCL) is prepared to install 2.3 million Wireless Loop Line (WLL) within a short period. Chairman PTCL, Zaffar A Khan while talking to APP here on Friday pointed out that PTCL had acquired the WLL licence an
The Pakistan Credit Rating Agency (Pacra) has assigned a rating of 'AA' (double A minus) to the proposed unsecured, subordinated term finance certificates issue of Rs 1,500 million by Bank Alfalah Limited.
The Pakistan Credit Rating Agency (Pacra) has assigned a rating of 'AA' (double A minus) to the proposed unsecured, subordinated term finance certificates issue of Rs 1,500 million by Bank Alfalah Limited.
The Managing Committee of the Rice Exporters Association of Pakistan (Reap) will elect the Chairman and Vice Chairman of the association on September 17.
Prime Minister Shaukat Aziz on Friday said that energy conservation plan was being drawn and it would be unveiled soon to deal with wasteful use of fuel, conservation of energies being received from different sources and protection against environmental d
The administration of Sui Southern Gas Company (SSGC) on Friday instructed all the owners of CNG stations not to use gas in excess of their allowed limits.
Joint Action Committee for People's Rights, comprising male and female activists and workers of several local NGOs, on Friday held a protest demonstration in front of Karachi Press Club (KPC) against President General Pervez Musharraf's remarks against lo
Standard Chartered PLC Chairman Bryan Sanderson was in Islamabad last week on a two-day visit to Pakistan. This was Sanderson's first visit to Pakistan. His visit is a strong reflection on the bank's growing commitment to the country.
The Lahore High Court (LHC) has directed the government to arrange medical treatment of a jail inmate Tariq Sharif and submit a report to the court by September 26.
The residents of Karachi heaved a sigh of relief on Friday as storm hitting the city coupled with heavy rains passed away bringing joy especially to the people residing in low-lying areas of the city.
Pakistan and India are expected to agree next month to restart a ferry service that was broken off 30 years ago, Port and Shipping Minister Babar Khan Ghouri said on Friday.
Prime Minister Shaukat Aziz said on Friday that water security was an essential requirement for the future development in Pakistan. He was talking to A.N.G. Abbassi Chairman Technical Committee on Water Resources who paid a farewell call on him here at th
Cash & Carry wholesale stores will be established in different cities of Sindh, particularly at important trade centres of Karachi. A variety of goods will be available on cash as well as credit in these stores.
Karachi Water and Sewerage Board (KW&SB) will start repair work on 48-inch dia water pipeline in Azam Nagar of Liaquatabad from September 21 to be completed in three days.
Increase in population is causing threat to stability of country's economy and Pakistan needs an extra 5.67 billion dollars investment annually to create additional GNP of 1.89 billion dollars required to meet the 2.9 million per annum increase in country
A free eye camp is being organised at Muhammad Sadiq, Hajira Bibi Memorial Hospital, 18-km, Sheikhupura-Faisalabad Road, district Sheikhupura from 26th September to 1st October 2005.
Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.12% to close at 98.323. Yields decreased across the length of the yield curve. In the short tenors, yields decreased by 1 to 2 basis points, while in the medium tenors, y
The Government College University Lahore School of Mathematical Sciences (SMS) has quite a good number of foreign faculty members in mathematics hired on a long-term basis under the Higher Education Commission (HEC) Foreign Faculty Hiring Scheme.
Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.12% to close at 98.323. Yields decreased across the length of the yield curve. In the short tenors, yields decreased by 1 to 2 basis points, while in the medium tenors, y
The Thai delegation, which is currently on a visit to Pakistan, has shown interest to invest in the livestock sector wherein a wide scope of value addition was available under public-private partnership.
Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.12% to close at 98.323. Yields decreased across the length of the yield curve. In the short tenors, yields decreased by 1 to 2 basis points, while in the medium tenors, y
Pakistan Sugar Mills Association (PSMA) has opposed a fresh study on blending of 5 percent ethanol with gasoline and termed it a move of the oil marketing companies' lobby to derail and sabotage the decision taken by President Pervez Musharraf in February
Three freedom fighters died in gun battles with Indian occupation soldiers and a villager was beaten to death in the latest bloodshed on Friday in occupied Kashmir, officials said.
US Ambassador Ryan C Crocker pledged continued U S assistance to build and expand three major industrial sectors dairy, marble and granite, and gems and jewellery as an essential component of its overall $1.5 billion assistance package to Pakistan.
US Ambassador Ryan C Crocker pledged continued U S assistance to build and expand three major industrial sectors dairy, marble and granite, and gems and jewellery as an essential component of its overall $1.5 billion assistance package to Pakistan.
US Ambassador Ryan C Crocker pledged continued U S assistance to build and expand three major industrial sectors dairy, marble and granite, and gems and jewellery as an essential component of its overall $1.5 billion assistance package to Pakistan.
Pakistan and India should remove trade barriers and complement each other to tape bilateral trade potential of more than three billion dollars through direct trade for benefit of both the peoples.
Indonesian state airline Garuda Indonesia has signed a $2 billion deal with Boeing Co to buy 28 passenger aircraft, the local carrier said on Friday. The airline said in a statement it would buy 18 narrow body 737-800s and 10 787-800s, with the first deli
The International Monetary Fund expects the United States economy to grow less than previously expected this year and next, but will upgrade Japan's growth prospects on its upcoming world economic scorecard, German newspapers said on Friday.
Two years ago, analysts were calling on IBM to exit the microchip business after production problems and lower-than-expected orders led to losses of more than $1 billion since 2002 at the division.
Nintendo Co Ltd surprised the game industry on Friday with an unconventional one-handed controller for its next-generation "Revolution" console that aims to draw in new players.
Microsoft Corp is making some of the features on its Internet division site, MSN, available to outside software developers as it takes on Google Inc in the Web-based information and services market.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (September 16, 2005).
Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based erosion amid increase in index. ISE network index showed a decrease of 53.39 points as the price-based indicator moved from 11,538.41 to 11
Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based erosion amid increase in index. ISE network index showed a decrease of 53.39 points as the price-based indicator moved from 11,538.41 to 11
Share values were depressed on Lahore Stock Exchange (LSE) on last trading day of the week, on account of a technical correction, that forced the index to shed approximately one-percent, with also a visible decline in turnover.
Share values were depressed on Lahore Stock Exchange (LSE) on last trading day of the week, on account of a technical correction, that forced the index to shed approximately one-percent, with also a visible decline in turnover.
The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on import and supply of ''''Sodium dichromate'''' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating
The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on import and supply of ''Sodium dichromate'' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating fac
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) will charge sales tax at the rate of zero-percent on import and supply of 'Sodium dichromate' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating facil
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
The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on import and supply of 'Sodium dichromate' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating facil