The Karachi Chamber of Commerce & Industry's delegation comprising of its leadership and former Presidents Siraj Kassam Teli, Muhammad Zubair Motiwala, Anjum Nisar and former Senior Vice President-KCCI Muhammad Jawed Bilwani participated in the 2nd meetin
The US Agency for International Development (USAID) is exploring innovative ways to channel development funds through Pakistani government agencies and public, private and non-governmental institutions. Mission Director Bob Wilson said that USAID has no p
Pakistan State Oil seems to have found its way out of last year's financial woes. The firm is due to announce its 1QFY10 financial results on October 23, where the broad consensus among analysts predicts a bright picture. PSO is expected to post earnings
Provisions against bad loans in the banking sector are still growing, but at a slower pace. But what does it tell? Let's take a quick peek into recent economic history, before answering that. Right after foreign exchange reserves reversed from its upward
The nation is observing the 58th anniversary of Shaheed-i-Millat, Liaquat Ali Khan today (Friday) with solemnity, renewing the pledge to make every sacrifice to rid the country of terrorists and extremists.
The US desires long-term relationship based on mutual understanding with the people and not with the regimes in Pakistan and it's evident from the financial assistance under the Kerry-Lugar Bill that the funds would be spent on masses weal, said Robert Ha
Taking serious notice of the deletion of quotes of PPP founding leader Zulfiqar Ali Bhutto on Teen Talwaar, a monument, by the Saddar Town administration, the City Council on Thursday assured the House that it will restore it. The members affirmed that an
The Central Depository Company of Pakistan Limited (CDC), in collaboration with National Investment Trust (NIT), is organising an investment and capital market 'road show' on October 17, in Lahore. According to a press release issued here on Thursday, the
The Central Depository Company of Pakistan Limited (CDC), in collaboration with National Investment Trust (NIT), is organising an investment and capital market 'road show' on October 17, in Lahore. According to a press release issued here on Thursday, the
A multimedia presentation on 'The Jinnah Anthology', a book, was held in collaboration of the Oxford University Press and The Jinnah Society. Compiled and edited by Liaquat Merchant and Professor Sharif al Mujahid and published by Oxford University Press,
President First Women Bank (FWBL) Shafquat Sultana on Thursday hailed the government decision of keeping FWBL in the public sector by de-listing it from the list of public sector entities to be privatised through Privatisation Commission of Pakistan.
Bullet-riddled bodies of three youths were found on Thursday in the jurisdiction of Ibrahim Haidri police. The youths were tortured before being killed, police said. According to the duty officer, Sub-Inspector Abdul Rehman Panhwar, the area residents had
Syed M Siddiq Hasan is the new Incharge of External Communication. He will look after media and Public Relations of Oil and Gas Development Company Limited (OGDCL). Prior to his new assignment, Hassan was working as the Regional Co-ordinator of OGDCL for
Workshop on "e-filing of returns and withholding statements" was held at Large Taxpayers Unit (LTU), Karachi, on 14 and 15 of October, 2009. About 100 representatives of prominent taxpayers of LTU, Karachi attended the workshop. Director General, LTU, Kar
The Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle has said his office has put in place an enabling strategy for capacity building of its Secretariat in Islamabad as well as its regional offices in the country to efficiently and effectively redress
Pakistan Tourism Development Corporation (PTDC) is committed to promoting tourism not only on domestic scale, but also at international level. Managing Director of PTDC Ghulam Idrees Khan said this while addressing the meeting of newly promoted PTDC offic
Pakistan is rated 6th amongst the countries where iodine deficiency is a serious problem, medical experts said on Thursday. Health Professionals of Shifa College of Medicine, Shifa College of Nursing, Shifa Free Community Health Center, PMDC, IIMC, IMDC,
National Investment Trust (NIT) will provide all out support for enhancing confidence level among investors, as it is key to stabilise and improve the Capital Market in the country and the CDC road show in Lahore is a step in the same direction. This was
National Investment Trust (NIT) will provide all out support for enhancing confidence level among investors, as it is key to stabilise and improve the Capital Market in the country and the CDC road show in Lahore is a step in the same direction. This was
The ambassador-designate to Thailand, Sohail Mehmood has said that both Pakistan and Thailand have very strong credentials to expedite bilateral trade to give new strengths to their respective economies. Both the countries have good geographical locations
The Food and Agriculture Organisation (FAO) of the United Nations observe World Food Day each year on October 16, the day on which the Organisation was founded in 1945. The theme for this year WFD is "Achieving Food Security in Times of Crisis.'
The Senate Standing/Functional Committees on Education, Government Assurances, Minorities Affairs, Environment, Overseas Pakistanis, Population Welfare, Science and Technology, Sports and Youth Affairs, Textile Industry, Commerce and Information and Broad
The Lahore High Court (LHC) here Thursday directed Chief Election Commissioner (CEC) to apprise how long it will take to hear the point of view of all the stakeholders, linked with by-elections in Punjab. A division bench comprising of Justice Umar Ata Ba
City Nazim Mustafa Kamal on Thursday inaugurated Al-Murtaza Family Model Park constructed in Jamshed Town with special efforts of Town Nazim Javed Ahmed. The park has been constructed on UC-6 on 1.75 acres of land at a cost of Rs 25 million. Speaking on t
SSP Traffic, Dr Moeen Masood while addressing the 49th batch of ITP Driving School's students apprised them that they should always fasten seat belts and refrain from use of mobile phone during driving. A ceremony was organised in the honour of the passin
Police apprehended two suspected suicide bombers on Thursday when they raided a house in the outskirts of Islamabad, police sources said. Suicide jackets and explosives were recovered from their possession, sources said. Ages of both the suspects were bet
Utility Stores Corporation (USC) on Thursday admitted the shortage of sugar at its outlets, as the mills were not providing the commodity. The Utility Store Corporation (USC) and its top management was in negotiation with the sugar mills for the sufficien
State-controlled investment group Dubai World said on Thursday it has cut back its world-wide workforce by 15 percent to below 70,000 because of the global financial crisis. The job cuts were greatest in the United Arab Emirates itself at 25 percent becau
An acute shortage of urea and DAP is expected during the wheat season in Multan and its surrounding areas. According to sources, the Federal Government has failed to fulfil the demand of provinces due to which wheat crop is expected to affect badly. It is
US Under-Secretary of State for Political Affairs William Burns was in New Delhi Thursday to hold talks with senior Indian officials on combating terrorism in the region and promoting bilateral ties, news reports said.The US official met with Human Resour
The Ministry of Finance is likely to set up a "Market Equalisation Fund" for the Federal Board of Revenue (FBR) to give cash rewards to the tax officials, showing outstanding performance in surpassing revenue targets. Sources told Business Recorder </i
President Barack Obama held three hours of talks with top advisers on a new strategy for Afghanistan on Wednesday, with some aides emphasising the main threat to US interests is al Qaeda, not the Taliban. The administration's analysis of the threat posed
Three of the five members of the Norwegian Nobel Committee had objections to the Nobel Peace Prize being awarded to US President Barack Obama, the Norwegian tabloid Verdens Gang (VG) reported Thursday. "VG has spoken to a number of sources who confirmed t
Three of the five members of the Norwegian Nobel Committee had objections to the Nobel Peace Prize being awarded to US President Barack Obama, the Norwegian tabloid Verdens Gang (VG) reported Thursday. "VG has spoken to a number of sources who confirmed t
A suspected US drone aircraft fired two missiles at a house in Pakistan's North Waziristan region on the Afghan border on Thursday, killing four militants, intelligence officials said. The strike came as the army is preparing an offensive against Pakistan
A suspected US drone aircraft fired two missiles at a house in Pakistan's North Waziristan region on the Afghan border on Thursday, killing four militants, intelligence officials said. The strike came as the army is preparing an offensive against Pakistan
Norwegian Ambassador to Pakistan Robert Kvile has said Norway and Pakistan enjoy very cordial relations and these ties will further strengthen with the passage of time. Speaking to the members of the Sialkot Chamber of Commerce and Industry (SCCI) here, h
Federal Minister for Water and Power Raja Pervez Ashraf has said that matters relating to electricity for textile sector will be resolved on priority basis and efforts are underway to provide maximum relief in load shedding to boost this sector.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 15, 2009).
The Federal Board of Revenue (FBR) has directed the Director General of Post Clearance Audit (PCA), Karachi to directly report to the FBR chairman. Sources told Business Recorder here on Thursday that the FBR wanted to give full support to the PCA
Al-Zamin Leasing Modaraba and Al-Zamin Leasing Corporation are merging into Invest Capital Investment (ICI) Bank Limited to create a larger entity. According to a press release issued here on Thursday, the shareholders of all the three entities unanimousl
Al-Zamin Leasing Modaraba and Al-Zamin Leasing Corporation are merging into Invest Capital Investment (ICI) Bank Limited to create a larger entity. According to a press release issued here on Thursday, the shareholders of all the three entities unanimousl
Al-Zamin Leasing Modaraba and Al-Zamin Leasing Corporation are merging into Invest Capital Investment (ICI) Bank Limited to create a larger entity. According to a press release issued here on Thursday, the shareholders of all the three entities unanimousl
Al-Zamin Leasing Modaraba and Al-Zamin Leasing Corporation are merging into Invest Capital Investment (ICI) Bank Limited to create a larger entity. According to a press release issued here on Thursday, the shareholders of all the three entities unanimousl
Bulls strengthened their position at the Islamabad Stock Exchange (ISE) where equities showed plus signs under the lead of hot favourite with increase in the index. ISE Ten Index was plus by 37.69 points, as the Index moved from 2,293.21 to 2,330.90 point
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
Bulls strengthened their position at the Islamabad Stock Exchange (ISE) where equities showed plus signs under the lead of hot favourite with increase in the index. ISE Ten Index was plus by 37.69 points, as the Index moved from 2,293.21 to 2,330.90 point
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
Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities ended in red zone amid reduced transaction volume on account of terrorist attacks on different places in the provincial metropolis. The LSE-25 index moved up by 21.28
Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities ended in red zone amid reduced transaction volume on account of terrorist attacks on different places in the provincial metropolis. The LSE-25 index moved up by 21.28
Prime Minister Yousuf Raza Gilani has reportedly supported the Punjab government in getting the much delayed Net Hydel Profit (NHP) after the Chief Minister wrote a very strongly worded letter to him, official sources told Business Recorder.
Prime Minister Yousuf Raza Gilani has reportedly supported the Punjab government in getting the much delayed Net Hydel Profit (NHP) after the Chief Minister wrote a very strongly worded letter to him, official sources told Business Recorder.
Prime Minister Yousuf Raza Gilani has reportedly supported the Punjab government in getting the much delayed Net Hydel Profit (NHP) after the Chief Minister wrote a very strongly worded letter to him, official sources told Business Recorder.