It was the last week of May 1972 when the Life Insurance Management Board finalised agenda of a meeting scheduled to finalise the inception of State Life Insurance Corporation of Pakistan.
This refers to the new budget where the government under monetary pressure seems to have taken a decision to tax senior citizens, widows and pensioners. The budget clearly ignores the plight of the old people, called senior citizens and widows and pension
When Paolo Portinho meets up with his musician friends for a night out in Rio de Janeiro, they jam a few tuneses as recession looms, magazine covers here are full of pictures showing grinning investors being showered in cash from their stock market exploi
HEROIN IS OUR MINERAL WEALTH (ANON)The global heroin economy, a phenomenon yet to be understood fully by all concerned, has transcended regional and national frontiers, integrating activities of strong international drug syndicates. Urban street dr
MACROECONOMIC BACKDROP TO THE BUDGET: The Federal Budget of 2008-09 comes at a time when macroeconomic conditions have substantially deteriorated with the inflation rate at an all-time peak and people's expectations are high about relief from the n
The Deputy Chairman of the Senate, Jan Mohammad Jamali, cautioned about the possibility of Balochistan "fast slipping out of the hands". He warned on the floor of the House that one day he might have to obtain a passport to visit Jacobabad, hometown of th
Finance Minister Syed Naveed Qamar, while presenting the Federal Budget 2008-09 on June 11 before the National Assembly, proposed reduction of custom duty on CNG buses by 50 percent, it must have been taken as glad tidings by the long wearied commuters. F
Nadra processed more than 3000 CNIC's in Sindh region on the very first day of issuance of free CNICs on Prime Minister's directives. GM Nadra Sindh Brigadier Agha Ali Raza Qizilbash said at present in 23 districts of Sindh 85 NSRCs and 37 mobile registra
The UN High Commissioner for Human Rights, Louis Arbour, who is visiting Pakistan from June25 to 27, called on Foreign Minister Shah Mahmood Qureshi at the Ministry of Foreign Affairs on Wednesday. The Foreign Minister apprised the High Commissioner of th
US ambassador Anne W Patterson called on Foreign Minister Makhdoom Shah Mahmood Qureshi at the Foreign Office here on Wednesday. The discussions focused on follow-up on the meeting held between the Foreign Minister and Secretary of State Condoleezza Rice
Pakistan Museum of Natural History (PMNH) on Tuesday organised a workshop on earth sciences and medicinal plants, here on Wednesday. Chairman, Pakistan Science Foundation (PSF), Dr M N Butt, as well as Chairman, National Nanotechnology Commission, inaugur
Two Faculty members of Mathematics, Islamabad Islamic University (IIU), Dr Ambareen Afsar and Dr Tariq Javed have completed their PhD thesis from the Quaid-i-Azam University. These research scholars have published 12 and six research papers along with a b
Businessmen Panel has extended invitation to all major national and regional political parities for attending businessmen conventions to be held in Islamabad, Lahore and Karachi to create consensus on national issues.
The tender of the much-awaited Zero Point Interchange project has been deferred for an indefinite period, as the problem of traffic congestion is being resolved to a great extent with the construction of new avenues and widening of Murree road, sources to
Irregular, market competition, 50 percent cut in working force, lethargic business attitude and irresponsible behaviour to the customers have forced PTCL to bring about revolutionary changes in its service delivery system introducing new world class produ
The Ministry of Information Technology showed its dismal over load shedding and frequent unannounced power outages, which are affecting productivity and damaging the sensitive IT equipment heavily dependent on smooth power supply, reliable sources confide
A three-member bench of the Supreme Court (SC) headed by Chief Justice Abdul Hameed Dogar on Wednesday directed Secretary Interior to appear in the court on Thursday and apprise the court on the alleged handing over of one Ghulam Haider to Iran.
Experts presented and discussed recommendations regarding various health and population issues in a policy dialogue on "Alternative Perspectives-Initiatives 2008." Advocates of Gender Sensitisation, Education and Health Information (Agehi) Resource Centre
A cohesive national health policy keeping in view the requirements of healthcare and the resources available shall be developed soon. Khushnood Akhtar Lashari, Secretary Health said this in a roundtable meeting of healthcare financing here on Wednesday.
The Capital Development Authority (CDA) has moved a summary to the Prime Minister Yousuf Raza Gillani for the approval to establish National Institute of Disaster Management (NIDM) in sector G-5, Islamabad. It was decided in the 25th CDA board meeting cha
The Sparc Pakistan in its campaign against bonded labour languishing in illegal custody of cruel brick-kiln owners, with the help of PS Tando Jam was able to recover 58 people during a raid early this month.
On especial directives of the Sindh Home Minister, Dr Zulfiqar Ali Mirza, the DPO Badin, Fida Hussain Mastoi ordered Badin police to launch action against illegal liquor manufacturers.
Bangladesh private sector airline GMG has announced to start its flight between Dhaka and Karachi from mid August 2008. Addressing a press conference at Travel Agent Polani Group of International on Wednesday, Executive Director GMG Airline for Middle Eas
The State Bank of Pakistan Banking Services Corporation (SBP-BSC) will organise farmers' meetings, in collaboration with banks, in different villages, to strengthen the agricultural sector, and would invite provincial agriculture department officials in a
Standard Chartered announced at the Millennium Development Goal (MDG) Business Call to Action, hosted by the UK Government and United Nations Development Programme (UNDP) in London, that it will launch a programme to unlock the growth potential of small b
A memorandum of understanding (MoU) was signed between Karachi Stock Exchange (KSE) and Pakistan Telecommunication Company Limited (PTCL) here on Wednesday. According to the MoU, PTCL will deploy all necessary equipment to establish a point of presence wi
A memorandum of understanding (MoU) was signed between Karachi Stock Exchange (KSE) and Pakistan Telecommunication Company Limited (PTCL) here on Wednesday. According to the MoU, PTCL will deploy all necessary equipment to establish a point of presence wi
Legendary cricketer Hanif Muhammed will be felicitated with the Castrol Pakistan Lifetime Achievement Award at the Castrol Asian Cricket Awards function to be held in Karachi on June 27. The first ever Asian Cricket Awards instituted by Castrol, will hono
The Middle East and South Asian Regions in particular are teetering on the brink of catastrophe, unless wiser councils prevail. Powers of doom and destruction are poised for a final assault on humanity. The mad rush towards war in order to grab the oil re
The Nazim, City District Government Lahore, Mian Amer Mahmood has directed to simplify the auction procedure for residential and commercial plots, situated in various housing schemes under the Lahore Development Authority (LDA).
The rating of AM2 has been assigned to the National Investment Trust Limited (NIT) by the JCR-VIS credit rating company, says a press release. The Management Quality Rating of AM2 denotes high management quality, showing the company's strong capacity to m
The rating of AM2 has been assigned to the National Investment Trust Limited (NIT) by the JCR-VIS credit rating company, says a press release. The Management Quality Rating of AM2 denotes high management quality, showing the company's strong capacity to m
Sindh Minister for Fisheries Zahid Ali Bhurgari has said that three mini fish harbours will be established at Ibrahim Hyderi, Mubarak Goth and Keti Bunder to facilitate the local fishermen. He said that shortly he would hold a meeting with the federal min
On the orders of Director General Anti-Corruption Establishment Punjab, Tariq Saleem, a case has been registered against eight persons including Tehsil Nazim, Tehsil Municipal Officer and Tehsil Officer Pattoki on the charge of embezzlement of funds.
The Chief Executive Officer, Small and Medium Enterprise Development Authority (Smeda), Shahid Rashid on Wednesday inaugurated an exhibition to showcase the products of Aik Hunar, Aik Nagar (Ahan) at the Women Business Incubation Centre (WBIC).
The Lahore Development Authority (LDA) has finalised arrangements for launching an operation against shanties in Sabzazar Housing Scheme, which will start from Friday (tomorrow). According to a LDA's spokesman here on Wednesday, it has already completed i
Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has claimed that US President George Bush's administration is planning a military operation in the Pakistani tribal areas before the forthcoming US presidential elections. He expressed these views while a
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).
ZRG International the market leader in contact centre technology recently participated in the Middle East International Banking, Financial Technology Exhibition that took place at the Dubai International Financial Centre and organised by Dubai World Trade
Poverty and unemployment can be controlled through women empowerment in economic field and the government, in this regard, needs to provide financial assistance to the women through financial institutions so that they could start small businesses even in
All Parties Hurriyat Conference (APHC) Chairman Mirwaiz Umar Farooq on Wednesday said that Indo-Pak round of talks on Kashmir would be held next month. He stated this while talking to newsmen during his visit to Mazar-e-Iqbal and Badshahi Mosque along wit
Keeping in view the increasing role of the minority communities in national development and to expedite the process of minorities' welfare, it has been decided to increase the developmental funding from Rs 100 million to Rs 200 million to gear-up the bett
Punjab Chief Minister Mian Shahbaz Sharif has said that the provincial government is fully aware of the importance of education and training of young generation and has made a substantial increase in the budget for the education sector.
The Privatisation Commission Board will meet on Thursday to formulate recommendations for Cabinet Committee on Privatisation (CCOP) regarding the transactions in the pipeline. Federal Privatisation and Finance Minister will preside over the Commission's m
Managing Director National Engineering Services Pakistan (Nespak) Karamat Ullah Chaudhry has said that Nespak has acquired business of over Rs 5 billion in 2006-07 which is an all-time record. He attributed this success to his engineers, professionals, te
Investigation Police Saddar Division have arrested two criminals involved in a kidnapping cum murder case and seized weapon of offence as well as victim's cell phone from them. The killers hired a taxi car and kidnapped driver during journey and later mur
Cotton crop has been sown over 2,739,000 hectares land so far to achieve the cultivation target of 3,200,000 hectares in the current season. Official sources in the Ministry of Food, Agriculture and Livestock (Minfal) told APP here on Wednesday that 3,200
The human and civil rights organisation, Ansar Burney Trust International, has urged the Indian government to release a Pakistani national detained in an Indian jail since 1971, along with other Pakistani prisoners lodged in Indian jails even after comple
One policeman was killed and three others received injuries when they came under attack at a check post in Timergarha area of Malakand division on Wednesday. Sources said that unidentified gunmen in a car opened fire on the check post when policemen tried
Kashmir dispute has assumed extraordinary importance at international level and the world community is cognisant of the fact that an immediate and amicable solution of the dispute is imperative for the peace and stability in South Asia. These views were e
The stage is set for holding free, fair and transparent by-elections to national and provincial assemblies constituencies in 16 districts, nearly half of the Punjab province on June 26 today (Thursday). Public holiday is being observed today in all the re
The 5th Annual Environment Excellence Awards (AEEA) distribution ceremony will be held at a local hotel on July 2 to 36 best environment-friendly companies of Pakistan. National Forum for Environment & Health (NFEH) is organising the ceremony where Sindh
A two-day workshop on 'Judicial Good Governance' for District and Sessions Judges hailing from all four provinces will be held here at the Federal Judicial Academy (FJA) on June 27-28. The workshop, comprising six sessions, is being organised in collabora
A delegation of All Parties Hurriyat Conference (APHC) comprising Mirwaiz Mohammad Umar Farooq, Abdul Ghani Bhatt and Bilal Ghani Lone called on the Foreign Minister Makhdoom Shah Mahmood Qureshi in Ministry of Foreign Affairs on Wednesday.
The Ambassadors and High Commissioners designate of Mexico, Chile, Serbia, Namibia, Malta and Bhutan to Pakistan presented their credentials to President Pervez Musharraf here on Wednesday. After presenting their credentials at an impressive ceremony held
The dollar maintained its surge versus the rupee in both open and interbank market on Wednesday, money experts said. In the interbank market the rupee was down by 10 paisa against dollar for buying at 67.80 and it also shed five paisa for selling at 67.85
The Federal Board of Revenue (FBR) has appointed Muhammad Afzal Bhatti, a senior official of customs and excise group, as Directorate General of Customs Valuation Karachi. On promotion of Bhatti from Grade 20 to 21, the board has deputed him as head of th
The dollar maintained its surge versus the rupee in both open and interbank market on Wednesday, money experts said. In the interbank market the rupee was down by 10 paisa against dollar for buying at 67.80 and it also shed five paisa for selling at 67.85
Pakistan Muslim League-Nawaz (PML-N) Quaid Mohammad Nawaz Sharif will not contest his disqualification in the Supreme Court presided over by judges who had taken oath under the 3rd November PCO and senior advocate Akram Sheikh will not represent him in th
Faysal Bank started its operations in Pakistan in 1987, first as a branch set-up of Faysal Islamic Bank of Bahrain and since 1995 as a locally incorporated Pakistani bank under the present name of Faysal Bank Limited.
The Election Commission of Pakistan (ECP) has issued notification to stay the by-election in NA-123 Lahore, the constituency Nawaz Sharif had decided to contest the by-poll but Lahore High Court disqualified him.
Faysal Bank started its operations in Pakistan in 1987, first as a branch set-up of Faysal Islamic Bank of Bahrain and since 1995 as a locally incorporated Pakistani bank under the present name of Faysal Bank Limited.
As many as nine persons were killed and 23 sustained injuries in three separate road accidents here on Wednesday. According to details, the first incident occurred at Riazabad where a speedy and a loaded trailer heading Karachi from Kallar Kahar rammed in
Prime Minister Syed Yousuf Raza Gilani and the Chief of JUI(F) Maulana Fazlur Rehman on Wednesday discussed the overall political situation in the country including law and order conditions in NWFP and Fata. The chief of JUI(F) Maulana Fazlur Rahman calle
Pakistan Steel achieved a record sale of Rs 39 billion during the fiscal 2007-08. This was announced by a spokesman of Pakistan Steel here on Wednesday. He said the previous record of the sale of products was set with Rs 36 billion in the fiscal 2006-07 a
Dubai Islamic Bank's wholly-owned investment banking arm, Millennium Capital Limited, announced on Wednesday that it has arranged in excess of AED 20 billion of Sukuk and syndication transactions since the beginning of this year.
Dubai Islamic Bank's wholly-owned investment banking arm, Millennium Capital Limited, announced on Wednesday that it has arranged in excess of AED 20 billion of Sukuk and syndication transactions since the beginning of this year.
The government is likely to impose ban or levy regulatory duty on export of pet flakes (scrape of wasted pet bottles). Sources told Business Recorder on Wednesday that the Federal Board of Revenue (FBR) and Ministry of Commerce were seriously consi
The Securities and Exchange Commission of Pakistan (SECP) has put in place systems such as 'Market Surveillance System', 'Universal Identification System' and 'Client Code' to identify market manipulators and initiate action against them.
In keeping with its tradition of honouring its best and brightest students, the Institute of Chartered Accountants of Pakistan (ICAP) held an awards distribution ceremony at its premises here. A statement on Wednesday said that qualified chartered account
Chief of the Awami Muslim League, Sheikh Rashid Ahmed has said that ruling coalition is likely to split up before the 90-day deadline he had earlier set, saying that rifts between PML-N and PPP are widening with a passage of every day.
The Karachi Chamber of Commerce and Industry (KCCI) President, Shamim Ahmed Shamsi has said that information technology has now become a key ingredient for growth of any business of any size in the global economy, says a press release.
Pakistan's new civilian government has had little success so far implementing a stated policy of persuading tribal leaders to end militant activity in its lawless tribal regions, a US official said on Wednesday. Richard Boucher, US assistant secretary of