The industries and production ministry has sought expansion in the importable item-list from India and establishment of two clusters for auto industry, sources told Business Recorder.
The Ministry of Commerce (MoC) has notified the changes in the Import Policy Order, 2005, to facilitate import of up to 5-year old cars and other vehicles under 'Gift, Personal Baggage and Transfer of Residence Schemes'.
The Ministry of Commerce (MoC) has notified the changes in the Import Policy Order, 2005, to facilitate import of up to 5-year old cars and other vehicles under 'Gift, Personal Baggage and Transfer of Residence Schemes'.
The Ministry of Commerce (MoC) has notified the changes in the Import Policy Order, 2005, to facilitate import of up to 5-year old cars and other vehicles under ''Gift, Personal Baggage and Transfer of Residence Schemes''.
Karachi Electric Supply Corporation (KESC) is trying to maintain power supply in the metropolis after receiving additional power of 100MW from Wapda on daily basis.
The CBR has amended the Income Tax Ordinance 2001 to describe various provisions of Voluntary Pension Fund Rules. The Board's explanatory circular has specified that the profit or gain or benefit derived by the pension fund or the pension fund manager fro
The NWFP government is quite confident to get its share of Rs 595 billion from the federal government in head of net profit on hydel power and claiming presenting strong case with undeniable facts and arguments in the Arbitration Tribunal.
Warid Telecom has joined hands with Chimera to launch a special promotion to offer popular mobile phones to new subscribers. These sets are offered free of cost with Warid post-paid connections and at very low prices with prepaid connections bought from C
During the small history of a decade the enterprise has reached a mature stage of enhanced equity, improved claim management and better net/gross premium ratio.
Punjab Assembly has passed the Punjab Local Government (Amendment) Bill 2006 on Monday, in which mode of voting has been changed to 'show of hands' in niab nazim elections, which the opposition termed as violation of the Constitution.
During the small history of a decade the enterprise has reached a mature stage of enhanced equity, improved claim management and better net/gross premium ratio.
Punjab Assembly has passed the Punjab Local Government (Amendment) Bill 2006 on Monday, in which mode of voting has been changed to 'show of hands' in niab nazim elections, which the opposition termed as violation of the Constitution.
The rupee moved both ways against the dollar and drifted sharply lower versus the euro in the open market on Monday, dealers said. The rupee started the new fiscal year 2006-07 on negative note in the interbank market, showing four paisa loss against the
The State Bank on Monday advised authorised dealers that they may credit PKR denominated R&D support payments from the SBP in the relevant non-resident PKR accounts of EPZs units maintained with them and, thereafter, allow withdrawals/debits in PKR for eq
The rupee moved both ways against the dollar and drifted sharply lower versus the euro in the open market on Monday, dealers said. The rupee started the new fiscal year 2006-07 on negative note in the interbank market, showing four paisa loss against the
The Agricultural Credit Advisory Committee (ACAC) has approved a target of Rs 160 billion for disbursement of agriculture credit to farmers during fiscal year 2006-07. This target is 23 percent higher than last fiscal year's target of Rs 130 billion.
The JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term credit rating of Picic Commercial Bank Limited at A+ (Single A Plus) and the short-term rating at A1 (A-One).
The JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term credit rating of Picic Commercial Bank Limited at A+ (Single A Plus) and the short-term rating at A1 (A-One).
Minister for State for Food Agriculture Muhammad Ali Malkani has said that close co-ordination between stakeholders imperative to revolve ongoing situation faced by the growers, sugar mills and consumers.
The JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the ratings of Crescent Commercial Bank Limited (CCBL) to BBB/A2 (Triple B/ A Two). The ratings will be on a 'Rating Watch' for an interim period owing to the CCBL board's resolution to consi
The JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the ratings of Crescent Commercial Bank Limited (CCBL) to BBB/A2 (Triple B/ A Two). The ratings will be on a 'Rating Watch' for an interim period owing to the CCBL board's resolution to consi
The Pakistan Credit Rating Agency (Pacra) has maintained both the long-term and short-term ratings of Metropolitan Bank Limited at 'AA+' (Double A Plus) and 'A 1+' (A One Plus), respectively.
The Pakistan Credit Rating Agency (Pacra) has maintained both the long-term and short-term ratings of Metropolitan Bank Limited at 'AA+' (Double A Plus) and 'A 1+' (A One Plus), respectively.
Norwegian Prime Minister Jens Stoltenberg on Monday lauded the Pakistani leadership for steering Pakistan on the path of robust economic growth and political stability.
The first meeting of the re-constituted Federal Export Promotion Board (FEPB) will be held under the chairmanship of Prime Minister of Pakistan in Islamabad on July 7.
The Supreme Court has issued stern warning to Tanvir Ahmad, Advocate-on-Record with a direction to perform his duties and obligations properly in line with the dignity and decorum of the court.
The government and rice exporters on Monday differed over who would spearhead Pakistan's legal battle against Indian attempt of registering 'Super Basmati' variety under Geographical Indication (GI).
President General Pervez Musharraf said on Monday that Pakistan has strategised its defence requirements for the next 15 years and vowed that defence of the country would be made impregnable. Addressing troops of Northern Light Infantry on the occasion of
The US government is committed to providing F-16's aircraft to Pakistan as it considers it a legitimate defence requirement of Pakistan, Foreign Office Spokesperson Tasneem Aslam said here on Monday.
Media has the responsibility to bring the facts before the public, and civil society should participate actively to respond to the situation whatever the odds. There is need to promote culture of tolerance, the role of National Assembly is based on differ
Minister for Information and Broadcasting, Muhammad Ali Durrani on Monday categorically stated that the government will take punitive measures against illegal cable operators including those found involved in transmission of illegal channels.
Islamabad Chamber of Commerce and Industry (ICCI) on Monday condemned 100 percent raise in toll tax on heavy vehicles entering in Islamabad through G.T. Road. Abdul Rauf, president ICCI said in a statement on Monday that it has created problem for the cit
Despite huge budgetary allocation of Rs 586.512 million in public sector development programme (PSDP), the ministry of women development (MoWD) has failed to provide any relief to women. Sources told Business Recorder here on Monday that out of the
The Planning Commission (PC) in collaboration with textile ministry would launch 'contract farming' programme to achieve excellence in producing better and clean cotton.
Chief of Pakistan Air Force Air Chief Marshal, Tanveer Mahmood has said that the supply of F-16s to Pakistan would considerably enhance its defence capabilities. Talking to a private TV Channel he said the agreement to supply the jets was reached in 1980
Pakistan is proactively implementing in letter and spirit the UN mandate for all countries to combat and eradicate illicit small arms and light weapons, said the Pakistan's delegate to a UN conference in New York.
Lahore High Court Multan bench has taken very serious view into the delaying inquiries into the corruption of serious nature and directed Additional Advocate General to communicate additional director, anti-corruption establishment to produce the entire r
Moderate rain lashed Sialkot and its adjoining areas on Monday morning, bringing down the temperature to many degrees. The rain had brought some relief, but due to the chocked city sewerage system, many busy roads submerged in rainwater as a result of whi
The development work is briskly under way on converting the 37-kilometre-long Sialkot-Wazirabad road into dual carriageway, costing Rs 880 million. Official sources told Business Recorder here on Monday that the completion of this mega project woul
The International Texstyle Pakistan exhibition will be held from August 4 to 6 at the Fortress Expo Centre here. Pakistani exporters of textile-made-ups, readymade garments, leather machinery, and accessories will attend the three-day mega event.
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).
Sindh Governor, Dr Ishratul Ibad Khan has condoled the death of Syed Fazal Hasan, a former director of Institute of Business Administration (IBA), Karachi. In a condolence message, he lauded the contributions of the deceased in the realms of education.
President General Pervez Musharraf has said that Pakistan and the United States are long-standing friends and allies in the cause of peace, stability and development.
Prime Minister Shaukat Aziz said on Monday that the stage has now come for Pakistan and India to move towards dispute resolution and called for a just settlement of the core issue of Jammu and Kashmir to ensure durable peace and security in South Asia.
Foreign Minister Khurshid Mehmood Kasuri embarks on Tuesday on a 10-day visit to France and the United States for talks on bilateral, regional and international issues of mutual interest, it was officially announced here on Monday.
Strength in BP helped Britain's top share index seal a four-day winning streak on Monday following a reassuring production update from the oil producer, taking the benchmark index to its highest closing level in seven weeks.
Palestinian militants who abducted an Israeli soldier gave Israel less than 24 hours on Monday to meet their demands to release Palestinian prisoners, threatening unspecified consequences if it refused.
Leaders of Cyprus's divided Greek and Turkish communities said on Monday they were willing to meet again after their first face-to-face talks in more than two years.
Palestinian Health Minister Basim Naeem of Hamas asked hospital directors on Monday not to cooperate with the European Union in setting up a programme to pay cash allowances directly to government doctors and nurses. He said the EU should work through his
Sterling lost ground on Monday despite stronger-than-expected British manufacturing data as markets remained convinced the Bank of England is unlikely to raise interest rates anytime soon.
The euro hit a record high against the yen on Monday as eurozone interest rates looked set to rise while uncertainty remained over Japan's interest rate outlook. A stronger-than-expected eurozone manufacturing sector survey supported the view that the Eur
French automaker Renault dominated attention in an otherwise thin European corporate bond market on Monday, as concerns built ahead of a board meeting that will discuss a plan for a tie up with General Motors Corp.
French automaker Renault dominated attention in an otherwise thin European corporate bond market on Monday, as concerns built ahead of a board meeting that will discuss a plan for a tie up with General Motors Corp.
US stocks gained on Monday in a holiday-shortened session, lifted by positive news about Citigroup Inc that helped financial sector shares and increased optimism about the interest-rate outlook.
Director Social Welfare Department, Dr Fakhar-ul- lslam has assure that his department would ensure implementation on two percent fixed quota for the disabled people in the government jobs. Similarly, inspectors have been engaged by the department for the