The Board of Investment is organising chief executive officers (CEOs) forum in Islamabad on October 25 wherein the Turkish Prime Minister along with 43 CEOs is participating to explore business and investment opportunities in Pakistan. Secretary Board of
Al-Shaymaa Private Limited, a subsidiary of Al-Shaymaa FZE; a UAE based investment group, has launched its operations in Pakistan. A statement here on Monday said that Al-Shaymaa had entered into the Pakistani market with a diversified portfolio of techno
Federal Minister for Interior Rehman Malik, who is currently in Singapore on a short visit to attend the 78th Interpol Ministerial Meeting being held in Singapore, called on Singapore's Minister for Home Affairs K. Shanmugan. The Minister explained that t
The State Bank of Pakistan has advised all the banks to meticulously record correct and complete reasons for dishonouring cheques. The SBP has warned of punitive action against the banks which fail to do so under the relevant provisions of law.
University of Central Punjab will be organising a seminar on "Role of Leadership for the Future of Pakistan" on October 15. Chairman Pakistan Tehreek-e -Insaf Imran Khan will be the chief guest while eminent personalities such as Imran Masood, Ex-Educatio
Japanese educationists visit Divisional Model College (DMC) to inform the students of scientific education being provided by their universities. According to details, a Japanese delegation comprising Dr Toru Fuji Warma and Dr Kyoko Miwa paid a special vis
The State Bank of Pakistan has advised all the banks to ensure that visually impaired persons are allowed to open individual bank accounts. The State Bank has noted that some of the banks do not open individual accounts for visually impaired persons and i
NWFP Food Minister Shuja Salim Khan on Monday assured the provincial assembly that the government would implement the decision of the Supreme Court regarding the price of sugar in the province. He was replying to a joint adjournment motion of opposition l
Rawalpindi police on Monday registered the First Information Report (FIR) of the terrorist attack on the General Headquarters of Pakistan Army and a joint investigation team was constituted to probe the matter. The FIR was registered in R A Bazar Police S
Customs Appellate Tribunal has upheld the verdict of Collectorate of Customs, Adjudication-I, Custom House, Karachi of imposing a penalty of Rs 450 millions on M/s H. Sheikh Nooruddin & Sons, Lahore, for being involved in mega Sales Tax refund and duty dr
National Engineering Services Pakistan (Nespak) Managing Director Asad I A Khan has said that Nespak is financially a self-sufficient company and has paid to the government over Rs 350 million in the shape of taxes, and dividend up to June 30, 2009.
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).
The newly-elected Chairman of Pakistan International Freight Farwarders Association (PIFFA), Tariq M. Chaudhry, has said that all core issues would be resolved by establishing better working relationship among all the stakeholders, namely the freight forw
The government of the NWFP has imposed a ban on trout fishing/angling with immediate effect for a period of two years to propagate trout species in nature, control its poaching and to promote its breeding for tourism development in future.
Sindh government's Anti-Corruption Department would work as a 'watchdog' to check performance of the institutions to address grievances of general public, which take a long time due to apathy of authorities concerned, it is learnt. According to sources, C
Capital City Police Officer (CCPO), Muhammad Pervez Rathore has said that Lahore Police would take every possible step for elimination of terrorism and to protect life and property of the citizens and Jehad against terrorism was our collective responsibil
Agribusiness Support Fund (ASF) during the financial year 2008-09 approved some 763 matching grant (MG) projects as compared to 650 for 2007-08, thereby registering 17.38 percent growth in number of approved projects. The average value of matching grants
Pakistan Muslim League-Nawaz (PML-N) on Monday demanded immediate implementation of Charter of Democracy (CoD), abrogation of 17th Constitutional Amendment, trial of General Pervez Musharraf (Retd) under Article 6 of the Constitution and restoration of 19
Pakistan Muslim League-N observed October 12 as Black Day throughout the country including Lahore to condemn the former dictator Pervez Musharraf's move to topple the democratic and constitutional government of Nawaz Sharif on October 12, 1999. The leader
Any further delay in completion of the Resettlement Action Plan (RAP) study for rehabilitation of the affectees of $1.58 billion Karachi Circular Railway (KCR) project would provide a fascinating opportunity to land grabbers to encroach more public land.
The Dean Faculty of Commerce and Business Administration, University of Sindh has announced on Monday that date for payment of admission fee for MBA evening programme has been extended up to 20th October. It was further announced that successful candidate
The State Bank of Pakistan has asked the Statutory Auditor(s) of banks/ DFIs to express their opinion on 'Internal Control over Financial Reporting' (ICFR) in the annual financial statements, as required under the 'guidelines', from December 31, 2009.
High transportation charges may lead to failure of the Economic Co-ordination Organisation (ECO) container train service launched on trial basis linking the three member countries, Pakistan, Iran and Turkey. Upset by high transportation charges, Pakistan
According to a notification issued by the Controller of Examination, University of Karachi, the candidates who wish to appear in the BA, BSc, B.Com, BSc Home Economics part-I and Part-II may fill and submit their examination forms. The examination forms c
The government was considering a proposal to formulate Halal food standards and set up Halal Food Board, Chief Executive Officer of the Halal Development Project, Asad Sajjad, told the business community. Giving a presentation on Halal food at the Karachi
There is no sugar in Sindh for at least last 10 days, as the sugar mills have not only declined to supply at least 73,000 tons of sugar, which is purchased by wholesalers from the factories, but have also refused to sell 44,000 tons of its own stocks afte
Declaring the birthplace of Pakistan People's Party's (PPP) slain leader Benazir Bhutto a national heritage, Sindh Assembly on Monday demanded of the federal government to direct Indus River System Authority (Irsa) to distribute water strictly in accordan
It's good to see inflation tapering off since the start of this fiscal year, but a substantial fall in month-on-month price growth in September is an even pleasing sight. Monthly headline inflation grew just 0.45 percent last month - down from 1.7 percent
Auto sales rose sharply in the quarter ending September, as sales volume of high end passenger cars increased sharply during the period Sales of passenger cars is showing momentum and it seems that worst may be over for the sector, which remained sluggish
With the government caught in a political imbroglio amid increasing fiscal constraints, the fate of small dams - as is the case with many developmental projects - hangs in balance. But tight monetary situation or not, there is a growing need to maintain f
National Institute of Psychology, (NIP) centre for excellence of Quaid-e-Azam University is organising a three-day international conference here from October 13 to 15, on "Developmental Psychology: Prevalence, Management and Prevention" in the country.
The National Centre for Physics (NCP) is organising a three-day conference, "Developmental Psychopathology: Prevalence, Management, & Prevention," starting on Tuesday (today), at the NCP.
As part of a Punjab University campaign to increase number of quality PhD teachers, Vice-chancellor Dr Mujahid Kamran called a meeting of the non-PhD lecturers and assistant professors of the Faculty of Arts and Humanities and Faculty of Social and Behavi
A division bench of Lahore High Court here Monday ordered to quash FIRs of two criminal cases lodged against chief of the banned religious organisation Jamat-ud-Dawa (JuD), Hafiz Mohammad Saeed on the charges exhorting the Muslims to fight against USA, Is
A senior Treasury Department official says the Taliban are in much stronger financial shape than al Qaeda and rely on a wide range of criminal activities to pay for attacks on US forces in Afghanistan. David Cohen, the department's assistant secretary for
A senior Treasury Department official says the Taliban are in much stronger financial shape than al Qaeda and rely on a wide range of criminal activities to pay for attacks on US forces in Afghanistan. David Cohen, the department's assistant secretary for
The Prime Minister, Syed Yousuf Raza Gilani, has said that on his return he will take all the stakeholders into confidence on the controversial Kerry-Lugar bill passed by the US Congress recently. Talking to the media aboard the aircraft on his way to Bei
The Prime Minister, Syed Yousuf Raza Gilani, has said that on his return he will take all the stakeholders into confidence on the controversial Kerry-Lugar bill passed by the US Congress recently. Talking to the media aboard the aircraft on his way to Bei
President Zardari on Monday stated that there is concern being expressed in certain quarters about some of the provisions of the Kerry-Lugar Bill and that the US and Pakistan need to work together to remove these concerns. He made these comments during a
President Zardari on Monday stated that there is concern being expressed in certain quarters about some of the provisions of the Kerry-Lugar Bill and that the US and Pakistan need to work together to remove these concerns. He made these comments during a
The main target of terrorists was to take the senior military leaders hostage to get their detained accomplices released, said Major General Athar Abbas, Director General Inter-Services Public Relations (ISPR), here on Monday. "They sent their demands for
The main target of terrorists was to take the senior military leaders hostage to get their detained accomplices released, said Major General Athar Abbas, Director General Inter-Services Public Relations (ISPR), here on Monday. "They sent their demands for
A suicide bomber flung himself at a military convoy passing through a busy market in Alpuri town in Shangla on Monday, killing 41 people in the latest in a wave of deadly strikes, the military said. The bomber targeted a paramilitary convoy as it passed t
A suicide bomber flung himself at a military convoy passing through a busy market in Alpuri town in Shangla on Monday, killing 41 people in the latest in a wave of deadly strikes, the military said. The bomber targeted a paramilitary convoy as it passed t
The Securities and Exchange Commission of Pakistan (SECP), as part of its continuous efforts for development of the capital markets and to safeguard the investors' interest has introduced minimum requirements for NBFCs to undertake discretionary and non-d
Pakistan is likely to issue a new Islamic banking license for Gulf banks next year, a senior banking executive said on Monday. "New licenses will be issued. There is a strong possibility that an Islamic banking license for the Gulf will be issued next yea
Pakistan is likely to issue a new Islamic banking license for Gulf banks next year, a senior banking executive said on Monday. "New licenses will be issued. There is a strong possibility that an Islamic banking license for the Gulf will be issued next yea
Pakistan is likely to issue a new Islamic banking license for Gulf banks next year, a senior banking executive said on Monday. "New licenses will be issued. There is a strong possibility that an Islamic banking license for the Gulf will be issued next yea
The provincial governments have expressed inability to procure paddy, citing financial constraints and lack of administrative capacity and storage infrastructure, sources told Business Recorder. This shocking revelation came at the Economic Co-ordi
The provincial governments have expressed inability to procure paddy, citing financial constraints and lack of administrative capacity and storage infrastructure, sources told Business Recorder. This shocking revelation came at the Economic Co-ordi
The provincial governments have expressed inability to procure paddy, citing financial constraints and lack of administrative capacity and storage infrastructure, sources told Business Recorder. This shocking revelation came at the Economic Co-ordi
The Nobel Economics Prize went Monday to US economists Oliver Williamson and Elinor Ostrom, the first woman to win the award, for research on ethical corporate governance and natural resource management. Their work may be seen as particularly topical in t
The Nobel Economics Prize went Monday to US economists Oliver Williamson and Elinor Ostrom, the first woman to win the award, for research on ethical corporate governance and natural resource management. Their work may be seen as particularly topical in t
The benchmark KSE-100 index on Monday lost 126.07 points to close at 9,642.56 points level mainly due to Rawalpindi incident and profit taking opted by the local investors. The market witnessed mixed activity throughout the day with the index oscillating