Planning and Development Department, Punjab has decided that for unapproved scheme, September 30 would be the final cut-off date and afterwards unapproved schemes would be capped and their funds would be diverted to some fast moving schemes.
The Chief Justice of the Lahore High Court has promoted additional district and sessions Judge Muhammad Islam to the rank of district and sessions judge and posted him as judge anti-terrorist court Faisalabad for a period of two and half year or till furt
The Supreme Court of Pakistan on Thursday disposed of case pertaining to looting of bank lockers, when the applicant Saima Chaudhry refused to accept a cheque of Rs 0.5 million. The court, while advising the bank authorities to settle the matter amicably,
The official airline of Uzbekistan, Uzbek Airlines has started direct flights from three Pakistani cities - Lahore, Karachi and Islamabad, with five flights from Lahore, seven from Karachi and two from Islamabad to Tashkent every week.
The Collectorate of Sales Tax and Federal Excise Lahore has detected a refund fraud involving an amount of Rs 17.4 million, arrested the owners of three textile units and got registered FIRs against them.
Central Board of Revenue (CBR) Chairman Abdullah Yusuf has said the US has allowed Pakistan to install a new automated system for clearance of goods en route to this country which will eliminate the condition of pre-shipment and physical presence of goods
The district price control committees are being revived while special consumer protection committees will be set up across the province to maintain the prices of essential food items apart from ensuring their supply to the consumers at affordable rates.
All District Co-ordination Officers (DCOs) and concerned departments have been put at high alert to combat any eventuality during flood season. Director General Relief and Crisis Management Chaudhry Muhammad Azam revealed this while presiding over a meeti
The City Nazim Syed Mustafa Kamal has said that around 600 community water filter plants would be installed in the metropolis. This he said while inaugurating community water filter plant at the civic view apartment in Gulshan-e-Iqbal.
Zarai Taraqiati Bank Limited (ZTBL) has dismissed 13 employees on corruption and fraud charges, it is reliably learnt. Official sources told Business Recorder on Thursday that ZTBL President Abdul Rasheed Chughtai had ordered a thorough inquiry and
The rupee in the open market on Thursday gained 20 paisa for buying at 60.60 and picking up 15 paisa for selling at 60.70, respectively. The rupee, however, lost 45 paisa versus the euro for buying and selling at Rs 76.30 and Rs 76.40, dealers said.
The Engineering Development Board (EDB) has indigenously developed a prototype of ginning machine whose production is 2.5 time higher than that of a conventional machine. Giving details of machine's performance, EDB CEO Imtiaz Rastgar said the power consu
The rupee in the open market on Thursday gained 20 paisa for buying at 60.60 and picking up 15 paisa for selling at 60.70, respectively. The rupee, however, lost 45 paisa versus the euro for buying and selling at Rs 76.30 and Rs 76.40, dealers said.
The Public Accounts Committee (PAC) on Thursday witnessed some dramatic scenes when its chairman Malik Allah Yar refused to start proceedings in protest against absence of PIA chairman Tariq Kirmani and defence secretary Tariq Waseem Ghazi.
The nine month's financials of current year 2005-06 have been downloaded from the company's website whereas last year's (FY 2004-05) printed report has been received. Last year's performance statistics and write up follows after current nine months review
The country's rice production is likely to suffer a shortfall of about 0.6 to 0.8 million tonnes as the Agriculture Extension Department (AED), delayed carrying out timely analysis of locally produced zinc sulfate fertiliser.
The nine month's financials of current year 2005-06 have been downloaded from the company's website whereas last year's (FY 2004-05) printed report has been received. Last year's performance statistics and write up follows after current nine months review
NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has said that restoration and maintenance of peace in Fata was vital for the socio-economic uplift of tribal area. Talking to a delegation of the Council of Pakistan Newspapers Editors (CPN
The basic education literacy authority (BELA) is all set to undertake Non Formal Basic Education project (NFBE) worth Rs 26 billion to improve literacy rate in the country. Sources in the ministry told Business Recorder that Planning Commission (PC
The Institute of Bankers Pakistan (IBP) is conducting a three-day quality seminar on "Understanding Treasury & Derivative Instruments" from July 20. Executives and officers from local and foreign banks are participating into this knowledge event.
The sugar crisis is inter-linked with shortage of water in the country, low yield of sugarcane, inadequate research, besides negative attitude of sugar mills, which will continue to haunt consumers during the next year if the government adopt a viable str
Commercial importers of black whole gram are in a fix as their Rs10 million are stuck up in the backdrop of delay in getting subsidy claims by the State Bank of Pakistan (SBP), sources told Business Recorder on Thursday.
The special convertible rupee accounts (SCRAs), which were $17.5 million on July 14, recorded an increase of $2 million, reaching at over $19.4 million on July 18. This happened despite the fact that withdrawals ($4 million including $2.8 million by Switz
World Wide Funds for Nature-Pakistan (WWF-P) has welcomed the initiative of Prime Minister Shaukat Aziz for launching the monsoon tree plantation campaign 2006 on July 19 with the announcement that 40 million saplings would be planted across the country.
Pakistan Association of Automotive Accessories Manufacturers (Paapam), while commenting on the Trade Policy, has said the creation of rapid export growth strategy (REGS) will help enhance country's exports.
Punjab University Vice Chancellor Arshad Mahmood distributed cash prizes of Rs 200,000 amongst female students who won positions for Punjab University in All Pakistan Inter-University Games during year 2004 and 2005 under the arrangements of Higher Educat
As many as 309 under-trial women prisoners confined in nine different jails of the province have so far been released in compliance with the presidential Law Reform Ordinance. Sources in the Punjab Prisons Department told Business Recorder here on
Workers of Pakistan Workers Federation (PWF) took out a procession here on Thursday to protest price hike and increase in working hours of labourers. The protestors led by Khurshid Ahmad general secretary of the federation voiced their concern over propos
Sheikhupura Association of Industry chairman Shahzad Ali Nagina and convenor Manzoor Malik have drawn attention of President Musharraf, Prime Minister Shaukat Aziz and Punjab chief minister Chaudhry Pervaiz Elahi toward problems faced by the areas busines
Prime Minister Shaukat Aziz launched Pakistan Muslim League Centenary Sports Celebrations 2006 at a ceremony here on Thursday which was attended by federal ministers, PML central office-bearers, representatives of the countrywide sports federations and so
The women development ministry will give awards to women, who have devoted their lives for women empowerment and advancements. Sources told Business Recorder on Thursday that awards would be given on Fatima Jinnah Day (July 31).
Parliamentarians and agricultural scientists have urged the Punjab government to address concerns of the people attached with research before corporatising agriculture research institutes. They feared it would politicise institutions like Pakistan Agricul
The Chairman of the National Commission for Government Reforms, Dr Ishrat Hussain who is also the ex-governor of the State Bank of Pakistan, called on the NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) at Governor's House here on Thursd
The NFP government with the financial assistance of the Asian Development Bank (ADB) would spend Rs 4.11 billion on various hydropower generation projects in the province, sources in the Sarhad Hydel Development Organisation (Shydo) told Business Recor
Opposition leader in the Senate Mian Raza Rabbani on Thursday alleged that opposition senators from Balochistan and their relatives were being harassed for raising their voice for the rights of province.
Pakistan Peoples Party (PPP), Sindh, said on Thursday after July 31 the countdown for removal of present regime would be started and it would be forced to quit within 90 days after expiry of deadline or by the end of this year through a massive anti-gover
Former prime minister and Chairperson of the Pakistan Peoples Party (PPP) Benazir Bhutto has called upon the United Nations and the international community to bring about an immediate cease-fire to end the renewed violence in the Middle East.
Pakistan Muslim League (PML-N) has announced to observe sit-in and protests against mega scandals and corruption of the military regime. District President of PML-N Allah Nawaz Khan Durrani said the protest rallies would start from Islamabad on July 26, w
President General Pervez Musharraf has set aside a representation of the Central Board of Revenue (CBR) against the judgement of Federal Tax Ombudsman (FTO), confirming that the sales tax department is bound to finalise case against the taxpayer within 90
President General Pervez Musharraf has set aside a representation of the Central Board of Revenue (CBR) against the judgement of Federal Tax Ombudsman (FTO), confirming that the sales tax department is bound to finalise case against the taxpayer within 90
President General Pervez Musharraf has set aside a representation of the Central Board of Revenue (CBR) against the judgement of Federal Tax Ombudsman (FTO), confirming that the sales tax department is bound to finalise case against the taxpayer within 90
Foreign exchange reserves declined by $100.7 million to $12,939.9 million in the week ending on July 15, 2006 the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP declined to $10,610.5 million from $10,672.2 million a week earlier h
Foreign exchange reserves declined by $100.7 million to $12,939.9 million in the week ending on July 15, 2006 the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP declined to $10,610.5 million from $10,672.2 million a week earlier h
Foreign exchange reserves declined by $100.7 million to $12,939.9 million in the week ending on July 15, 2006 the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP declined to $10,610.5 million from $10,672.2 million a week earlier h
The State Bank of Pakistan (SBP) sold Rs 23,400 million of Treasury bills on Thursday in a two-day repo operation at 7.50 percent to mop up funds from the money market.
The State Bank of Pakistan (SBP) sold Rs 23,400 million of Treasury bills on Thursday in a two-day repo operation at 7.50 percent to mop up funds from the money market.
A German company TPR Fiber would invest one billion euros in a joint venture with Union Group of Companies (UGCs)to set up oil rigs assembly and water pipe plant in Rawalpindi employing over 500 people.
Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
The State Bank of Pakistan has appointed the primary dealers for the financial year 2006-07. The names of these primary dealers are including ABN Amro Bank, NV American Express Bank Limited, Citibank NA, Habib Bank Limited.
Television channels have been told to stop showing gruesome pictures from accidents, bomb blasts and other violence, the chairman of the government's regulator said on Thursday.
Television channels have been told to stop showing gruesome pictures from accidents, bomb blasts and other violence, the chairman of the government's regulator said on Thursday.