The shareholders of the Allied Bank Limited (ABL) in their 62nd Annual General Meeting adopted the Annual Accounts of the Bank for the year 2007, says a press release. The meeting was chaired by Mohammad Naeem Mukhtar, chairman, Board of Directors, repres
The shareholders of the Allied Bank Limited (ABL) in their 62nd Annual General Meeting adopted the Annual Accounts of the Bank for the year 2007, says a press release. The meeting was chaired by Mohammad Naeem Mukhtar, chairman, Board of Directors, repres
The Taliban militants ambushed a van carrying pro-government tribal elders in a north-western region, killing two tribal leaders and wounding seven others on Tuesday, police said. The elders were returning to Mingora, the main town in the insurgency-hit S
With increasing complaints from foreign buyers over the escalating prices of towel products, the country has lost foreign orders worth $14.837 million of towel products during July-February period of the current fiscal year, exporters said on Tuesday.
With increasing complaints from foreign buyers over the escalating prices of towel products, the country has lost foreign orders worth $14.837 million of towel products during July-February period of the current fiscal year, exporters said on Tuesday.
With increasing complaints from foreign buyers over the escalating prices of towel products, the country has lost foreign orders worth $14.837 million of towel products during July-February period of the current fiscal year, exporters said on Tuesday.
The privatisation program will be made people and workers-friendly, which will contribute to the overall economy by generating more taxes and employment opportunities, increasing production and improving quality and efficiency, said Naveed Qamar, Federal
The privatisation program will be made people and workers-friendly, which will contribute to the overall economy by generating more taxes and employment opportunities, increasing production and improving quality and efficiency, said Naveed Qamar, Federal
The privatisation program will be made people and workers-friendly, which will contribute to the overall economy by generating more taxes and employment opportunities, increasing production and improving quality and efficiency, said Naveed Qamar, Federal
Pakistan has dropped out of a 60 million Swiss franc ($59.6 million) Swiss money-laundering case against the widower of assassinated former prime minister Benazir Bhutto, its lawyers said on Tuesday.
Pakistan has dropped out of a 60 million Swiss franc ($59.6 million) Swiss money-laundering case against the widower of assassinated former prime minister Benazir Bhutto, its lawyers said on Tuesday.
The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
The Indian suppliers have started sending cotton to their Pakistani counterparts immediately after price decrease in the domestic and international markets, sources told Business Recorder here on Tuesday. Tempted by sudden price hike in the global
The Indian suppliers have started sending cotton to their Pakistani counterparts immediately after price decrease in the domestic and international markets, sources told Business Recorder here on Tuesday. Tempted by sudden price hike in the global
The Indian suppliers have started sending cotton to their Pakistani counterparts immediately after price decrease in the domestic and international markets, sources told Business Recorder here on Tuesday. Tempted by sudden price hike in the global
The world's top banks have largely stopped dealing with Iran in response to US and UN sanctions, and industrialised countries are working on further steps to combat financing for weapons proliferation, a senior Treasury official said on Tuesday.
The world's top banks have largely stopped dealing with Iran in response to US and UN sanctions, and industrialised countries are working on further steps to combat financing for weapons proliferation, a senior Treasury official said on Tuesday.
The world''s top banks have largely stopped dealing with Iran in response to US and UN sanctions, and industrialised countries are working on further steps to combat financing for weapons proliferation, a senior Treasury official said on Tuesday.
Britain's top share index ended sharply higher on Tuesday, entering the second quarter in buoyant mood as financials jumped on hopes that European bank writedowns signalled that the worst was over for the sector. The FTSE 100 ended up 2.6 percent, or 150.
Asian bonds rose on Tuesday, boosted by regional equities and a set of strong economic data out of the United States. But gains were capped by investors' persistent doubts about the health of the world's biggest economy. "I don't think there is a whole lo
Asian bonds rose on Tuesday, boosted by regional equities and a set of strong economic data out of the United States. But gains were capped by investors' persistent doubts about the health of the world's biggest economy. "I don't think there is a whole lo
US Treasury debt prices pared gains on Monday after a stronger-than-expected reading of business activity. The Chicago Purchasing Management index rose to 48.2 in March, above economists' 46.0 median forecast. But the index remained below 50, meaning the
US Treasury debt prices pared gains on Monday after a stronger-than-expected reading of business activity. The Chicago Purchasing Management index rose to 48.2 in March, above economists' 46.0 median forecast. But the index remained below 50, meaning the
US stocks gained more than 2 percent on Tuesday as strong demand for a Lehman Brothers Holdings Inc share offering and a big UBS write-down helped to ease credit market concerns. Financial shares rallied, with the S&P financial index up 5.6 percent.
Indian share prices ended marginally lower on Tuesday as banks fell off early gains after a disclosure by Swiss banking giant UBS of a subprime-related write down of 19 billion dollars, dealers said. They said rising local inflation concerns saw investors
European credit spreads tightened sharply on Tuesday after better-than-expected data on US factory activity added to increasing hopes that banks will be able to cope with losses from the credit crisis.
European credit spreads tightened sharply on Tuesday after better-than-expected data on US factory activity added to increasing hopes that banks will be able to cope with losses from the credit crisis.
Formerly called the "Pakistan Insurance Corporation", Pakistan Reinsurance Company Limited is the only professional reinsurance organization operating in Pakistan. The principal business of the company is provision of insurance and reinsurance services in
At a time when the country is facing wheat crisis and the government agencies are facing difficulties in meeting their procurement targets due to lower prices, the Punjab government has been tasked to procure 450,000 tons wheat exclusively for NWFP, sourc
Formerly called the "Pakistan Insurance Corporation", Pakistan Reinsurance Company Limited is the only professional reinsurance organization operating in Pakistan. The principal business of the company is provision of insurance and reinsurance services in
Federation of Pakistan Chambers of Commerce and Industry (FPCCI), President, Tanvir Ahmad Sheikh has expressed his concern over the second quarterly report issued by the State Bank of Pakistan (SBP).
The dollar looked ahead on rising demand in both open and interbank market on Tuesday, dealers said. The local currency drifted lower in terms of the dollar, losing three paisa for buying at 62.75 and also lost five paisa for selling at 62.80, they said.
The businesses in Pakistan are not fully equipped to comply with the international labour and social standards which dented export earnings to the tune of $3 million in 2007, a report said.
The dollar looked ahead on rising demand in both open and interbank market on Tuesday, dealers said. The local currency drifted lower in terms of the dollar, losing three paisa for buying at 62.75 and also lost five paisa for selling at 62.80, they said.
Former vice chairman of All Pakistan Papers Merchant Association and Executive Member of the Lahore Chamber of Commerce and Industry (LCCI), Khamis Saeed Butt has said that the cartel of paper manufacturers has caused the increasing trend in the prices of
The president MCB Bank, Atif Bajawa, on Tuesday opened a model branch of the bank on The Mall. Atif Bajawa said this is a model branch with a new look. He also said MCB Bank. Bank has 1026 branches in Pakistan, which would be renovated in line with this m
Former judge Wajhiuddin on Tuesday expressed concern over a meeting by deposed chief justice Iftikhar Muhammad Chaudhry with Pakistan Peoples Party co-chairman Asif Ali Zardari, saying the judges should do their own impeachment.
The Hamdard Thinkers Forum (HTF) has called upon the government to hold dialogue with Taliban and other disgruntled elements of the society in tribal areas and Balochistan to eradicate terrorism besides resolving the economic problems of people to address
The Lahore Chamber of Commerce and Industry has urged Prime Minister Yousuf Raza Gilani to convene an emergent meeting of the Federal Cabinet over the SBP second quarterly report, which has given an alarming picture of the country's economic scenario.
Two meetings on Tuesday reviewed the status of Lahore's cleanliness and the city nazim and the Punjab chief secretary in separate meetings ordered officials to keep the city clean.
Members of the Punjab Executive committee of PPPP would leave for Gari Khuda Baksh, Larkana, to join 29th death anniversary function of their late chairman Zulifqar Ali Bhutto from Punjab Office of the Party on Wednesday morning.
A two-day conference on "Value Creation by Professional Accountants" is being held in Lahore from April 4. The moot is going to be organised by Chartered Accountants of Pakistan and the Cost and Management Accountants Institutes in collaboration with unde
The problems confronting Pakistan are 'serious' and the new coalition government will have to deliver by forging solutions in order to live up to the expectations of the people, Prime Minister Yousuf Raza Gilani said on Tuesday.
The third All Pakistan Lawyers Convention (APLC) will be held at Karachi on April 12, which would be attended by the legal community from all over the country. Vice President Pakistan Bar Council Aziz Akbar Baig informed in a press statement issued here o
Political and student leaders in Azad Jammu and Kashmir have commended the decision of Prime Minister Yousuf Raza Gilani to restore student and trade unions. People's Students Federation Kotli district President Syed Faisal Shah said Quaid-e-Awam Zulfikar
People from different cities of southern Punjab staged protest against the disruption of water supply to Sidhnai Mailsa canal. Farmers strongly protested against this act. They said that canals are without water for the last five months and the under grou
Minister At Large, Hussain Ahmed Haqqani Tuesday said that inappropriate timing to the recent visit of US high officials to Pakistan notwithstanding it will usher good for Pak-US relations.
The Cabinet Division on Tuesday issued a notification revising the portfolios of two PML (N) ministers. According to the notification, Tehmina Daultana will hold the portfolio of the Ministry of Science and Technology, while Saad Rafique has been allotted
The Cabinet Division on Tuesday issued a notification revising the portfolios of two PML (N) ministers. According to the notification, Tehmina Daultana will hold the portfolio of the Ministry of Science and Technology, while Saad Rafique has been allotted
Minister for Petroleum and Natural Resources Khawaja Muhammad Asif Tuesday said that US Administration appears to be ready to consider the option of mixing administrative and political approach in their war on terror in the region.
Minister for Petroleum and Natural Resources, Khawaja Muhammad Asif said on Tuesday that the spirit of the new government team is high and with the help of Almighty Allah and support of the people it will be able to put the country on path to progress and
The Punjab Anti-Corruption Establishment has brought a case against the treasurer and the head clerk of the Government College University (GCU) in Faisalabad after being found guilty of misusing the college funds.
The AJK government has launched various major food development projects in various parts of the liberated territory including Mirpur and Bhimbher districts of Mirpur division in order to meet local needs of food in Azad Jammu Kashmir, official sources sai
According to Berger Technology Report for February 2008, Pakistan's foreign direct private investment in textile and clothing sector declined by 55 percent during the first seven months of the current fiscal year.
Young doctors associated with private and public sector hospitals have unanimously resolved for an across the board raise in the basic pay of house doctors.
The Horticultural Society of Pakistan (HSP) has been advised to develop new varieties and encourage cut flowers for export purposes. Punjab Governor Khalid Maqbool gave this advice at the 150th Flower Show, organised by HSP in collaboration with Pakistan