The Engineering Development Board (EDB) has recommended the Federal Board of Revenue to reduce withholding tax from 5 percent to 2 percent on import of raw material for steel industry in the next budget, it was learnt.
It is not possible for Pakistan to accredit a US official to National Command Authority, however delegations and officials from different countries do meet members of NCA from time to time to have briefing on Nuclear Programme, responded foreign office sp
The experts from South Asian Association for Regional Co-operation (Saarc) countries on counter terrorism on Wednesday agreed on intelligence sharing for curbing terrorism, drug smuggling and other transitional crimes.
Foreign Minister Shah Mahmood Qureshi said on Wednesday said the new government would continue focus on improving relations with China, as strong Pakistan-China ties were a guarantee to peace, security and stability in the region.
The government is not considering any plan to replace deposed chief justice Iftikhar Muhammad Chaudhry after his reinstatement as being suggested by some media reports to replace him by Justice Flak Sher.
The federal government has updated the Exit Control List (ECL) adding former foreign minister Khurshid Mehmood Kasuri and former chairman of Pakistan International Airlines (PIA) Tariq Kirmani and about one hundred other persons. More than two dozen peopl
The District and Sessions Judge Hyderabad Farooq Channa has acquitted Pakistan Peoples Party co-chairman Asif Ali Zardari from Muhammad Alam Baloch murder case here on Wednesday. The defence counsel Yousuf Leghari Advocate on Tuesday filed an application
A Lahore High Court Bar Association member has told the government to recover the amount written off by banks. Petitioner MD Tahir claims the banks had illegally written off more than Rs 100 billion since 1974 and wants the money deposited in the State Ba
Chief Justice Abdul Hameed Dogar constituted special seven-member larger bench to hear a petition about condition of graduation for contesting election of Senate, National Assembly and Provincial Assemblies.
The 'special duty drawback teams' disposed of thousands of rebate and drawback claims in March 2008, particularly at Karachi. Sources told Business Recorder on Wednesday that the collectors of customs took prompt action on FBR directive to set up s
Since the government is keen to improve the internal security, the Interior Ministry and National Police Bureau (NPB) have been tasked to translate the law and order policies of government into reality, said newly appointed Director General of NPB Tariq M
President Awami National Party (ANP) NWFP Afrasiyab Khattak has said that a new plan of peace and reconciliation in NWFP will be tabled before the provincial legislature for debate. The ANP provincial chief was talking to private TV channel after a meetin
The Under Secretary General of UN Department of Safety and Security, Sir David Vennus, on Wednesday called on NWFP Chief Secretary Sahibzada Riaz Noor at his office in Peshawar.
China has agreed to give Pakistan its full support for development in the sectors of energy, minerals and mining, extending co-operation in monetary sector and co-ordination in communication and transportation.
Pakistan's leg of the Olympic torch relay passed off peacefully behind closed doors and amid heavy security Wednesday, as Australia and India braced for anti-China protests when the flame reaches them.
Inspector General of Police Sindh Shoaib Suddle on Wednesday said that the confidence of people over law enforcement agencies would be restored soon and the people would judge the performance of police. Talking to BBC Radio he said his top priority would
The government is planning to export 3 million tons of surplus rice during the current financial year to earn precious foreign exchange of $1.8 billion.
CDA Board has approved allotment of 276 residential plots for the remaining dwellers of Katchi Abadies of Sector G-8/1. It was decided in the board meeting, held here on Wednesday chaired by the CDA Chairman Kamran Lashari.
Chief Minister NWFP Ameer Haider Khan Hoti has said that supply of gas from Gurguri gas fields would help overcome the energy problems of the industrialists in the province. He said this while talking to 12-member delegation of All Pakistan Textiles Assoc
The central leader of Tehreek-e-Istiqlal, Rehmat Khan Wardag, while expressing great concern over the electricity and wheat crises in the country, on Wednesday said that construction of five big dams, including Kala Bagh, would not only resolve these prob
The Planning and development Control's Director, Hyderabad Development Authority (HDA), Masood Ahmad Jamili has said that his department has not issued any NOC to the Amass Residency, Qasimabad.
The City Nazim Karachi, Syed Mustafa Kamal, on Wednesday visited the houses of April 9 victims, Haji Altaf, Saeed Akhtar and Basit Mahmood and handed over cheques for Rs 0.2 million each to their heirs.
Sui Northern Gas Company Limited (SNGPL) will enhance its gas supply to Wapda to 600 MMCFD (million cubic feet per day) from 321 MMCFD in the next ten days. Talking to a private TV channel, SNGPL M.D. Rashid Lone said that the enhancement of gas supply to
National Fullerton Asset Management Limited (Nafa) is pleased to announce interim distribution on its four funds for the quarter (Jan-Mar, 2008). The quarterly payouts for these funds as per percentage of par value of Rs 10 per unit are as follows: NCF-2.
National Fullerton Asset Management Limited (Nafa) is pleased to announce interim distribution on its four funds for the quarter (Jan-Mar, 2008). The quarterly payouts for these funds as per percentage of par value of Rs 10 per unit are as follows: NCF-2.
A number of poets from India have confirmed their participation in the 'Aalami Mushaira' to be held in the metropolis on April 30 under the auspices of 'Saakinan-e-Shahar-e-Quaid.' This was announced by a former federal minister, Syed Safwanullah, here on
The Board of Directors of Atlas Asset Management Limited (AAML) have announced an interim bonus for the nine months ended March 31, 2008 for its Atlas Income Fund (AIF). AIF declared an interim bonus of 5 percent of the par value of its units equivalent t
The Board of Directors of Atlas Asset Management Limited (AAML) have announced an interim bonus for the nine months ended March 31, 2008 for its Atlas Income Fund (AIF). AIF declared an interim bonus of 5 percent of the par value of its units equivalent t
The School of Leadership, an enterprise with a social mandate of developing the human factor, announced the launch of Young Leaders' Conference (YLC), 2008. Theme for this year's conference is "Bataa Teri Raza Kya Hai?"
Tapal, the leading tea brands, recently announced the month long activity of its brand Mezban tea in different cities throughout Sindh. The Mezban tea party will be arranged at prominent venues within the cities of Thatta, Jamshoro, Mirpurkhas, Tando Alla
The Sindh Government has ordered a number of transfers and postings in the province. As per the order, the Chief Inspector of Mines (BS-19) Muhammed Khalid Mirza, holding the post of Director General Mines and Mineral Development has been transferred and
PML-N chief Nawaz Sharif, PML-N President Shahbaz Sharif and his son Hamza Shahbaz got nomination papers to participate in the coming by-elections, here on Wednesday. Nawaz Sharif got the nomination papers from the Returning Officer (RO) to contest the by
The NWFP Minister for Environment and Forest, Wajid Ali Khan has said that the provincial government will install solar wood seasoning plants at two major timber markets of the Forest Development Corporation (FDC). The plants to be installed at Chakdara (
After five years of solid growth, Pakistan's economy is facing an import payment crisis and an acute food shortage to feed its ballooning population of 170 million. Finance Minister Ishaq Dar, last week revised the country's expected growth rate to 6 perc
The Minister for Population Welfare Department Jam Mehtab Dahir visited Provincial Secretariat of Population Welfare Department Sindh on Wednesday, on the occasion Secretary Alam Din Bullo welcomed the minister along with Director General Ghulam Akbar Bhu
Sindh Home Minister Dr Zulfikar Mirza said that a committee or a new tribunal would be constituted to probe into the 12th May episode. Replying to newsmen questions at his press conference at Police Head Office on Wednesday, the minister said that investi
Punjab Assembly Deputy Speaker Rana Mashhood Ahmed Khan said he would carry out his duties impartially and would not discriminate between members belonging to ruling coalition and opposition. Speaking at a reception held in his honour on Wednesday, he sai
Pakistan Bar Council, Vice Chairman Mirza Aziz Akbar Baig has welcomed the coalition government's pledge to restore the pre-November 2 judiciary in accordance with its Bhurban declaration. Talking to Business Recorder here on Wednesday, Baig said i
Former Chief Justice Baghwandas will address Lahore High Court Bar Association members on Thursday. Lahore Bar Association members will stage a rally on The Mall after their general bodies' meetings against the dismissal of judges. The participants of ral
Pakistan''s trade deficit in the services sector surged by $4.223 billion during eight months of the current fiscal year showing 40.35 percent increase over last year''s $3.009 billion. According to the figures released by Federal Bureau of Statistics (FB
Pakistan's trade deficit in the services sector surged by $4.223 billion during eight months of the current fiscal year showing 40.35 percent increase over last year's $3.009 billion. According to the figures released by Federal Bureau of Statistics (FBS)
Pakistan's trade deficit in the services sector surged by $4.223 billion during eight months of the current fiscal year showing 40.35 percent increase over last year's $3.009 billion. According to the figures released by Federal Bureau of Statistics (FBS)
Federal Privatisation Minister Syed Naveed Qamar has asked the Privatisation Commission to delay the sale process of National Power Construction Company (NPCC) to take more people on board and make sure complete transparency in the transaction.
Federal Privatisation Minister Syed Naveed Qamar has asked the Privatisation Commission to delay the sale process of National Power Construction Company (NPCC) to take more people on board and make sure complete transparency in the transaction.
Federal Privatisation Minister Syed Naveed Qamar has asked the Privatisation Commission to delay the sale process of National Power Construction Company (NPCC) to take more people on board and make sure complete transparency in the transaction.
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 Federal Board of Revenue (FBR) is collecting data on the non-duty paid smuggled vehicles lying with the Model Customs Collectorate (MCCs) across the country. Sources told Business Recorder on Wednesday that the board has issued instructions to
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 Federal Board of Revenue (FBR) is collecting data on the non-duty paid smuggled vehicles lying with the Model Customs Collectorate (MCCs) across the country. Sources told Business Recorder on Wednesday that the board has issued instructions to
The Federal Board of Revenue (FBR) is collecting data on the non-duty paid smuggled vehicles lying with the Model Customs Collectorate (MCCs) across the country. Sources told Business Recorder on Wednesday that the board has issued instructions to
Minister for Petroleum and Natural Resources Khawaja Muhammad Asif on Wednesday the new government would take concerted steps to develop Thar coal deposits for power generation to meet the challenges of soaring international oil prices and reduce $12 bill
Minister for Petroleum and Natural Resources Khawaja Muhammad Asif on Wednesday the new government would take concerted steps to develop Thar coal deposits for power generation to meet the challenges of soaring international oil prices and reduce $12 bill