State Bank of Pakistan (SBP) adjusted its monetary policy last April when it raised the key discount rate to 9 percent from 7.5 percent. Financial market were expecting another rate increase as December 2005 and January 2006 inflation numbers were higher
State Bank of Pakistan (SBP) adjusted its monetary policy last April when it raised the key discount rate to 9 percent from 7.5 percent. Financial market were expecting another rate increase as December 2005 and January 2006 inflation numbers were higher
Khair Bukhsh Marri, a Baloch leader, was picked up by law enforcement agencies, and later released after an hour, in Karachi on Tuesday. According to his relatives, the LEAs raided the residence of Javed Mengal, son of Ataullah Mengal, in DHA at 3:00 pm o
The two-day Asia Pacific Tax Conference 2006 will be held at a local hotel from Friday (March 17). An announcement here on Tuesday said the theme of the moot will be "Tax system - A catalyst for economic development."
Opposition parties saw the hands of influential cabinet ministers who minted millions by creating artificial shortage of sugar in the National Accountability Bureau's decision to abandon investigation into seething crisis of the must-kitchen commodity.
The Ministry of Textile Industry has strongly recommended to the Central Board of Revenue (CBR) to allow customs duty and sales tax free import of fabrics under 'Temporary Importation Scheme' (SRO.1065(I)/2005) and submit recommendations to the Prime Mini
The Ministry of Textile Industry has strongly recommended to the Central Board of Revenue (CBR) to allow customs duty and sales tax free import of fabrics under 'Temporary Importation Scheme' (SRO.1065(I)/2005) and submit recommendations to the Prime Mini
President General Pervez Musharraf will perform groundbreaking of $6.5 billion Bhasha-Diamer Dam mega project on Thursday (March 16). This project is part of President Musharraf's 'Water Vision'.
Lahore High Court adjourned the proceedings in a petition filed against the kite flying, as the government failed to submit its reply and law officer sought time to submit the same.
The University of Karachi and its affiliated colleges will remain closed on March 15 on account of Urs of Shah Abdul Latif Bhitai. This was announced by the Registrar of the University in a notification issued here on Tuesday. He said the scheduled examin
The Higher Education Commission of Pakistan has approved another development project worth Rs 39 million of the University of Veterinary and Animal Sciences (UVAS) Lahore.
President General Pervez Musharraf on Tuesday said that Pakistan is marching ahead on the path of progress, stating the successful policies have led to a visible decline in poverty.
The legislators have never seriously taken the issues of labour in the country although the laws are there, which implementation had been the problem, consequently, suffering the labour class.
The Sindh Minister for Women Development Dr Saeeda Malik has stressed upon the spread of woman education in remote areas of the country. She was speaking as the chief guest of closing ceremony of International Women Week held at the Sindh University Insti
Agriculture and Processed Food Products Export Development Authority (Apeda), Government of India, has reserved a bigger space this year to exhibit the products of their member companies in the co-located shows FoodTech & PPP.
WWF-Pakistan Nature Carnival, which involved educational institutions, corporate concerns and the general public, offers an excellent opportunity to talk about the significance of nature conservation.
The Executive Committee of All Pakistan Newspapers Society (APNS) has strongly condemned unethical campaign launched by disputed title holder, Daily Public, Faisalabad and Daily Amn, Faisalabad against APNS member publications based in Faisalabad.
The University of Sindh is going to organise Students Convention-2006 from April 4 to April 6, 2006 at Allama I.I. Kazi Campus, Jamshoro, the students convention is chain of the youth convention, initiated by the Higher Education Commission (HEC) Islamaba
Sialkot, the export-oriented city of Pakistan, has developed a remarkable export culture and contributing 800 million dollars annually to the national exchequer, which is exceptional feat considering the small size and population of the city.
The government has set up a network of quality testing accredited laboratories to improve quality of agriculture commodities to meet international standard for enhancing country's exports. According to official sources heavy investment has been made for b
Management of Etisalat would make PTCL more efficient and create new opportunities for hard working employees, Minister for Telecommunication and Information Technology Awais Ahmad Khan Leghari has said.
Planning Commission of Pakistan Infrastructure Advisor Dr Asad Ali Shah said on Tuesday the country wanted to enhance the level of coal energy up to 19 percent by existing six percent.
The World Consumer Rights Day (WCRD) is being observed on March 15 in Pakistan and across the globe with a purpose to show solidarity with the consumer movement. The theme for WCRD 2006 is 'energy; sustainable access for all.'
Meat-eaters who switch to a vegetarian diet gain slightly less weight than those who do not make major changes to their diets, a study suggests. UK Scientists for Cancer Research compared the weight gains of 22,000 meat-eaters, fish-eaters, vegetarians an
In the company's Pattern of Shareholding dated June 30, 2005, the largest category of its shareholder comprised 10 foreign investors whose aggregate shareholding works out to 38.23 percent, which included 24.90 percent of the company's stock owned by Robe
Pakistan People's Party (PPP) Chairperson Benazir Bhutto's Political Secretary Naheed Khan MNA, in a reaction to the news that the National Accountability Bureau (NAB) has closed the investigation of the sugar scandal.
In the company's Pattern of Shareholding dated June 30, 2005, the largest category of its shareholder comprised 10 foreign investors whose aggregate shareholding works out to 38.23 percent, which included 24.90 percent of the company's stock owned by Robe
China cherishes its strategic partnership with Pakistan and wish to consolidate it in all areas of common interests, said a spokesman of the Chinese Foreign Ministry Qin Gang here on Tuesday at a weekly news briefing.
Dollars' demand persisted in the interbank market on Tuesday as banks continued buying to meet the near-term needs, money experts said. So, the rupee's erosion was four paisa versus the US currency for buying and selling at 60.04 and 60.06.Approximately,
Prime Minister Shaukat Aziz on Tuesday said Pakistan had a rich tourist potential and visitors from abroad could help bridge gaps between the faiths and cultures.
Dollars' demand persisted in the interbank market on Tuesday as banks continued buying to meet the near-term needs, money experts said. So, the rupee's erosion was four paisa versus the US currency for buying and selling at 60.04 and 60.06.Approximately,
First Kenya Tourism Show, organised by the Kenya High Commission in Pakistan and the Pak-Kenya Friendship Association and Business Council (PKFABC) was formally inaugurated at a local hotel here on Tuesday.
Prime Minister Shaukat Aziz on Tuesday said the design of the three blocks to be added to the Federal Secretariat should be modern, cost effective and in line with the best international practices.
The Gwadar deep seaport would become operational for limited activities during the current year, Gwadar Development Authority (GDA) Director General Ahmed Bukhsh Lehri said.
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
As per information received from Punjab Chief Minister House here on Tuesday, collective dua for departed soul of the mother of Chaudhry Pervaiz Elahi, Chief Minister Punjab would be held at CM House, Zahur Elahi Road Lahore on Wednesday 2:30 pm).
The Federal government has released a handsome amount of Rs 213 million for distribution as compensation money among the victims of the terrorism in South Waziristan Agency.
Comsats Institute of Information Technology (CIIT) on Tuesday awarded gold medals to 46 students for their outstanding performance in different disciplines.
CNG kits and cylinders of 39 companies have been approved by the Oil and Gas Regulatory Authority (Ogra) aimed at ensuring safety of consumers, Senior Executive Director operations Ogra Javed Nazir said.
A substantial rain in most parts of the country during last 48 hours has firmed up hopes for a bumper wheat output, agriculturists said just a fortnight ahead of harvest season is to be started. They said the rain has marginalised fears of damage to the c
Sarhad Chamber of Commerce & Industry (SCCI) President, Ghazanfar Bilour, has stressed the need for the restructuring the vocational and technical educational institutes in the province on modern lines making them capable of imparting education as per cur
A high level delegation led by Chairman and State Minister Privatisation Commission of Bangladesh Enam Ahmed Chaudhry will visit Karachi from March 15 to 17 in a road show.
The NWFP government has decided to take up the matter of the adoption of new modalities and procedures of customs authorities regarding Afghan trade and problems faced by the three industrial estates with the Ministry of Commerce (MoC).
Lahore High Court, Rawalpindi Bench, on Tuesday dismissed the appeal of Mushtaq Ahmed against his death sentence awarded by Anti Terrorism Court for planning assassination attacks on President General Pervez Musharraf.
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
NWFP Minister for Local government and Rural Development, Sardar Mohammad Idrees informed the Frontier Assembly on Tuesday that for the provision of clean drinking water to people the provincial government was going to install water filtration plants at u
Adviser to the Prime Minister on Women Development, Nelofar Bakhtiar has said that Peshawar to Karachi train service for carrying skilled women from all the four provinces to attend the Women Expo 2006 will start next month.
A constitutional petition seeking stay of the elections of the Legislative Council of the Northern Areas (NAs) besides, declaration of the election program as void and without lawful authority was filed in the Supreme Court on Tuesday.
The international donor agencies have asked Pakistan to expedite its efforts to avert a looming danger of HIV/AIDS spread. Sources told Business Recorder that the government has received a fresh call from donor agencies to step up the on-going camp
The Embassy of Japan will celebrate "Japan Week" from March 15 to 21 by organising various cultural events in befitting manner, said a release of the Embassy here on Tuesday.
The euro retreated from a one-week high against the dollar on Tuesday, losing ground after a survey showed German investor sentiment unexpectedly worsened in March.
Seoul shares fell for the first session in three on Tuesday, as recent gainers including Samsung Electronics declined on concerns about the impact of higher oil prices on global consumer demand and their operating costs.
Indian share prices closed flat Tuesday, breaking a three-day rally, as retail investors and overseas funds booked profits, dealers said. They said markets touched an intra-day record on fund buying with the benchmark Sensex striking 10,896.39 points befo
US stocks rose on Tuesday, boosted by investment bank Goldman Sachs Group Inc's record quarterly earnings, which lifted shares of brokerages and banks. Goldman, the first major investment bank to report results, jumped 4.7 percent to $147.33. Dow componen
The retail sector took centre stage in Europe's corporate bond market on Tuesday, as British supermarket group Tesco prepared to issue bonds, while a bid for electrical goods retailer Kesa unsettled some of its peers.
The retail sector took centre stage in Europe's corporate bond market on Tuesday, as British supermarket group Tesco prepared to issue bonds, while a bid for electrical goods retailer Kesa unsettled some of its peers.
Thousands of people massed peacefully outside the office of beleaguered Thai Prime Minister Thaksin Shinawatra on Tuesday, their leaders vowing they would stay until he quit.
The first day of a week-long Maoist rebel road blockade in Nepal left highways across the nation deserted, piling fresh pressure on Nepal's King Gyanendra who seized power 13 months ago.