The State Bank of Pakistan on Monday announced to reduce required performance for export financing facilities for hand knotted carpets. The required performance for financing facilities availed under Part II of Export Finance Facility during fiscal year i
The State Bank of Pakistan on Monday announced to reduce required performance for export financing facilities for hand knotted carpets. The required performance for financing facilities availed under Part II of Export Finance Facility during fiscal year i
The State Bank of Pakistan on Monday announced to reduce required performance for export financing facilities for hand knotted carpets. The required performance for financing facilities availed under Part II of Export Finance Facility during fiscal year i
Up to 45,000 people have left their homes in a tribal district bordering Afghanistan, many fearing a military offensive against Taliban warlord Baitullah Mehsud, an official said Monday. Fighter jets were pounding Mehsud's strongholds in South Waziristan,
Up to 45,000 people have left their homes in a tribal district bordering Afghanistan, many fearing a military offensive against Taliban warlord Baitullah Mehsud, an official said Monday. Fighter jets were pounding Mehsud's strongholds in South Waziristan,
The members of the board of directors of Karachi Stock Exchange (KSE) are scheduled to meet the Advisor to Prime Minister on Finance, Shaukat Tarin, on Tuesday in Islamabad to discuss various issues regarding imposition of federal excise duty (FED) on bro
Chief of Army Staff (COAS) General Ashfaq Parvez Kayani, who is on an official visit to Russia on Monday met General Vladimir Boldyrev, Commander-in-Chief Russian ground forces. During meeting the matters of professional interest with particular reference
The members of the board of directors of Karachi Stock Exchange (KSE) are scheduled to meet the Advisor to Prime Minister on Finance, Shaukat Tarin, on Tuesday in Islamabad to discuss various issues regarding imposition of federal excise duty (FED) on bro
The members of the board of directors of Karachi Stock Exchange (KSE) are scheduled to meet the Advisor to Prime Minister on Finance, Shaukat Tarin, on Tuesday in Islamabad to discuss various issues regarding imposition of federal excise duty (FED) on bro
The International Tripartite Labour Conference has asked the government of Pakistan to amend its labour laws and industrial relations Act 2008 to bring them in conformity with ILO conventions ratified by Pakistan.
The Lahore High Court on Monday asked the local police to apprise it of the law under which they have erected wall at the entry gate of Race Course Park facing GOR-I. The court further asked AIG Legal, present in the court, whether they also erected walls
The Islamabad High Court here Monday warned the Capital Development Authority official to remove the litter dumping site around sectors H-10 and G-10 immediately or to face legal consequences. The single bench of Justice Mohammad Ramzan Chaudhry in his or
The Supreme Court on Monday directed its office to intimate to the counsel of an Indian spy to appear before it on Wednesday and pursue the case of his client. A three-member bench of the apex court, comprising Justice Raja Fayyaz Ahmed, Justice Mohammad
Government borrowing surged by Rs 67 billion in a single week, while private sector borrowing dipped to the negative range--a rare occurrence in the history of private sector banking habit close to the end of a fiscal year. Private sector borrowing ended
Disbursement of credit to the agriculture sector by commercial and specialised banks increased by 9.31 percent to Rs 202.105 billion during eleven months (July-May) of the current fiscal year (2008-09). Agricultural credit disbursement rose by over Rs 17.
Disbursement of credit to the agriculture sector by commercial and specialised banks increased by 9.31 percent to Rs 202.105 billion during eleven months (July-May) of the current fiscal year (2008-09). Agricultural credit disbursement rose by over Rs 17.
Disbursement of credit to the agriculture sector by commercial and specialised banks increased by 9.31 percent to Rs 202.105 billion during eleven months (July-May) of the current fiscal year (2008-09). Agricultural credit disbursement rose by over Rs 17.
Iran's Revolutionary Guards threatened on Monday to crush demonstrations, after opposition leader Mirhossein Mousavi urged supporters to pursue their protests over a disputed presidential election. Shouts of "Allahu Akbar" (God is Greatest) again reverber
Iran's Revolutionary Guards threatened on Monday to crush demonstrations, after opposition leader Mirhossein Mousavi urged supporters to pursue their protests over a disputed presidential election. Shouts of "Allahu Akbar" (God is Greatest) again reverber
Federal Minister for Industries, Mian Manzoor Ahmad Khan Watto, has said that the government is importing 0.7 million tonnes of Urea to meet the fertiliser shortage in the country. He was talking to newsmen after presiding over a meeting held in connectio
Government borrowing surged by Rs 67 billion in a single week, while private sector borrowing dipped to the negative range--a rare occurrence in the history of private sector banking habit close to the end of a fiscal year. Private sector borrowing ended
The imposition of fixed carbon surcharge on petroleum products was Pakistan''''s own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in
The imposition of fixed carbon surcharge on petroleum products was Pakistan''s own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in Pa
The imposition of fixed carbon surcharge on petroleum products was Pakistan's own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in Pak
The imposition of fixed carbon surcharge on petroleum products was Pakistan's own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in Pak
Federal Minister for Information Qamar Zaman Kaira Monday said the Prime Minister on the demand of NWFP government has earmarked Rs 25 billion for the provincial government to strengthen the civil and law enforcement agencies in next two years.
A Pakistan People's Party lawmaker from Peshawar on Monday stunned the National Assembly by levelling corruption charges against his own government, claiming that all government departments had been taking 16 percent commission on development projects.
The Institute of Certified Management Accountants (CMA) of Sri Lanka has admitted Punjab University Hailey College of Banking and Finance Principal Professor Dr Khawja Amjad Saeed as Fellow Member of the Institute of Certified Management Accountants of Sr
In pursuance of directions of Punjab Chief Minister, senior officials of the provincial government continue to hold open courts in a bid to redress the public grievances. Chief Minister Mian Shahbaz Sharif directed the senior officers of different departm
The Punjab government has devised an action plan to curtail non-developmental expenditures to allocate maximum resources for the welfare of poor masses. The Punjab Chief Minister, Muhammad Shahbaz Sharif, said this while talking to members of Punjab Assem
The government is bound to follow the Supreme Court orders and termination from services of three judges of Lahore accountability courts is the outcome of the National Judicial Policy (NJP), Lahore High Court (LHC) was informed the Law Ministry on Monday.
Education should be top priority of the nation, and it should be duly reflected in the allocation of resources for the education sector. However, the proposed federal and provincial budgets 2009-10 show a measly approach towards education. These views wer
The opposition benches came hard on the Punjab government for failing to fulfil its commitments made in the Punjab Budget 2008-09 and they believed that under utilisation of Annual Development Programme (ADP) for the ongoing fiscal year tantamount to bad
It is assumed that corruption is, perhaps, the most serious problem the governance system of our country is grappling with. No country in this world could claim to be corruption-free. But, Pakistan's case, in this regard, is taken seriously these days as
On the instructions of Air Chief Marshal Rao Qamar Suleman, Chief of the Air Staff, Pakistan Air Force, a C-130 aircraft airlifted relief goods, donated by the personnel of Pakistan Air Force, from PAF Base, Faisal (Karachi) to PAF Academy, Risalpur on Mo
Meezan Bank Limited on Monday launched a new product 'Meezan Labbaik' to facilitate customers in performing Hajj and Umrah and pilgrimage of holy places of Makkah and Madinah with comfort and peace of mind.
JCR-VIS Credit Rating Co Ltd (JCR-VIS) has maintained entity ratings of Meezan Bank Limited (MBL) at 'A+ /A-1' (Single A Plus/A-One). Outlook on the medium to long-term rating has been revised from 'Stable' to 'Positive' in view of favourable trends witne
JCR-VIS Credit Rating Co Ltd (JCR-VIS) has maintained entity ratings of Meezan Bank Limited (MBL) at 'A+ /A-1' (Single A Plus/A-One). Outlook on the medium to long-term rating has been revised from 'Stable' to 'Positive' in view of favourable trends witne
The Lahore High Court (LHC) restored a Law College lecturer as Superintendent Girls Hostel by suspending an order of Vice Chancellor Punjab University. Suspending the impugned order the court also issued notices to VC PU and Principal Law College for July
An unannounced and sudden increase in load shedding has invited public curse for Pakistan Electric Power Company (Pepco), as the power deficit has crossed over 3500 MW against Pepco claim of 2339 MW. Repeated power breakdowns have made the lives of many p
Pakistan Electric Power Company (Pepco) has devised a comprehensive plan for executing customer relationship management programme. According to a statement on Monday, the Pepco had issued a directive to its distribution companies to extend maximum custome
Senate Standing Committee on Interior Chairman Senator Talha Mehmood has urged the Federal government to bring the ongoing war on terror to an immediate end as it has overburdened Pakistan under heavy foreign debts. "Every Pakistani is living under the bu
The Pakistan Industrial and Traders Associations Front (Piaf) has urged the government to do away with the decision of 17 percent increase in the electricity tariff as any further raise in power tariff will not only put extra burden on already crisis-hit
A local Union Council Nazim among three people was gunned down and two others were injured in a firing incident in Quetta on Monday, Aaj TV reported. According to the channel, unknown miscreants sprayed bullets on local UC Nazim Talib Agha at Fatim
Collection of short stories written by Masood Ali Khan has just been published and income from sale of its first edition has already been donated to a school being run in Lahore by a charitable organisation setting up an appreciable example for others to
Chief Justice Lahore High Court Khawaja Muhammad Sharif here Monday took suo motu notice against torture on Rescue 1122 personnel by the doctors of Services Hospital for bringing a stray kite twine victim to their hospital.
Lahore High Court on Friday postponed the hearing proceedings till June 30 in a petition against supply of adulterated milk as Punjab University (PU) counsel sought time to submit PU report about milk. The petition was filed by Dr Muhammad Yaqoob Bhatti,
The Competition Commission of Pakistan (CCP) held hearings in Karachi on June 17th on the show cause notices issued to Dawood Corporation Pvt Limited (DCL) on it's acquisition of shares of Dawood Lawrencepur Limited and Central Insurance Company Limited.
Advisor on Quality Assurance Higher Education Commission (HEC) Professor Dr Riaz Hussain Qureshi has said the University of Veterinary and Animal Sciences (UVAS) is playing a key role in the development of livestock sector.
The Punjab government has decided to get registered cases and also take stern action against the sugar mills defaulting payments to sugarcane growers and asked all commissioners, district co-ordination officers and regional police officers concerned to he