The whole sale dealers and retailers have pushed up prices of farms products/vegetables by more than twenty percent before Eid-ul-Azha in the provincial metropolis. House wives are buying and storing essential kitchen spices like onions, garlic, ginger, c
The Chief Executive, Trade Development Authority of Pakistan (TDAP), Syed Mohibullah Shah held meeting with visiting Yemeni delegation and discussed variety of matters relating to Export of Pakistani products to Yemen at TDAP Head Office, here last evenin
Surpassing all past highs, the gold prices on the local market on Tuesday reached another peak level of Rs 37,650 per tola up from Rs 37,550, traders said. The price of 10 grams gold also peaked to Rs 32,271 up from Rs 32,185. Price of gold on the global
Topline Securities has been ranked amongst the top brokerage firms in Pakistan, according to a survey conducted by Asiamoney magazine. In its November 2009 issue, Asiamoney according to its 20th annual Brokers Poll 2009 has ranked Topline Securities, as t
Timely efforts of Pakistan Horticulture Development & Export Company (PHDEC) have resulted in Iran's gesture of withdrawing higher valuation and customs duty on its imports resulting in kinnow exports escaping a disastrous season.
The Chief Justice, Lahore High Court, announced four holidays for Eid-ul-Azha. According to a notification issued here Tuesday, the LHC at principal seat, its benches at Multan Behawalpur and Rawalpindi and civil and sessions courts in the Punjab shall re
The Lahore High Court on Tuesday admitted for regular hearing a petition seeking winding up and liquidation of the Nation Publications (Private) Limited. The court, however, refused to grant any interim relief before hearing the respondents Chief Executiv
Justice Sheikh Azamat Saeed of the Lahore High Court instead of initiating contempt of court proceedings against an FBR counsel Nawaz Cheema directed Registrar Lahore High Court not to fix next time any of his case before him. The judge observed that such
Vietnam is ready to start negotiations for paving the way regarding signing of Free Trade Agreement (FTA) with Pakistan while it has already signed nine agreements and memorandum of understanding (MoU) which are enough to provide a solid base for promotio
Central Secretary General, Kisan Board Pakistan (KBP), Malik Muhammad Ramzan has urged the Punjab government to take notice of alleged extortion mafia, active in the province especially in Muzaffargarh district, depriving the farmers of their hard earned
Prices of vegetables and fruits have increased by 30-40 percent a few days prior to Eid-ul-Azha, claimed traders in the local market. Talking to Business Recorder here on Tuesday, the traders said that price of tomato had doubled as it had gone up
Firmness prevailed on the money market on Tuesday as supply of dollars was steady due to healthier trend in the remittances, dealers said. On the interbank market the rupee dropped by two paisa against dollar for buying at 83.52, it did not show any movem
The NWFP Chief Minister has approved establishment of Elite Police Training School at Hund, Teshil Lahore, district Swabi, on a state land as a non-ADP scheme to improve and develop training facilities for capacity building of police personnel. The curren
Firmness prevailed on the money market on Tuesday as supply of dollars was steady due to healthier trend in the remittances, dealers said. On the interbank market the rupee dropped by two paisa against dollar for buying at 83.52, it did not show any movem
The Federal Board of Revenue (FBR) has taken important measures to check corruption in the customs department through tariff rationalisation and minimising interaction between the importers and customs clearance staff under the Pakistan Customs Computeris
Standard Chartered Bank (Pakistan) Limited is a subsidiary of Standard Chartered Plc, which is incorporated in England. Standard Chartered has had a long presence in Pakistan. It opened its first branch in Karachi in 1863. However, until then, the bank's
Pakistan has paid heavy financial and human cost in the war on terror as country's economy growth is plagued by increasing incidents of terrorism, said Chaudhry Ahmad Mukhtar, Federal Minister for Defence here on Tuesday.
Standard Chartered Bank (Pakistan) Limited is a subsidiary of Standard Chartered Plc, which is incorporated in England. Standard Chartered has had a long presence in Pakistan. It opened its first branch in Karachi in 1863. However, until then, the bank's
Federal Minister for Interior, Rehman Malik, has termed the Balochistan package as a consensus document, saying that this will help change the overall political and socio-economic conditions of the province.
Two persons, including a child, were killed and two others received injuries in separate road accidents on Tuesday. According to police, Bahadur Ali of village 169-EB was travelling towards the city along with Ashraf and Amanat Ali in a truck when it ramm
As Eid-ul-Azha is fast approaching, the already high price of sacrificial animals in the twin cities is becoming unaffordable for the common man. A few have started purchasing the animals, but others are waiting for the day after Eid when their price plum
US government wants to strengthen relations with the people of Pakistan and it has a firm commitment to help Pakistan in power generation sector and soon Karachi will become self-sufficient in this regard. American companies can also provide technology to
Business community will have to maintain unity in their ranks if they want to get their problems and issues resolved. Senator Abdul Haseeb Khan said this while addressing a meeting of Citizen Social Forum (CSF) held on Monday night. He expressed grave con
The Competition Commission of Pakistan (CCP) decision to analyse most expensive private schools and their anti-competitive behaviour has forced the Directorate of Private Institutions Sindh (DPIS) to frame a law to regulate education organisations in the
By promoting quality education, the nation could do away with its ignorance. It was unfortunate that after 62-years of independence, the nation could not fold into ideals of Quaid-e-Azam and Allama Iqbal. This was stated by Punjab Chief Minister Muhammad
Arif Habib Bank Limited (AHBL) and American Life Insurance Company (Pakistan) Limited (ALICO) recently entered into a bancassurance agreement, which now allows AHBL to distribute ALICO's innovative unit-linked life insurance plans to its customers.
While apprehending a cut in the export of cotton yarn by the government, All Pakistan Textile Mills Association (Aptma) has feared a detrimental impact on the spinning industry in case the Ministry of Textile goes with any decision like this in days to co
Centre of Excellence in Molecular Biology (CEMB), Punjab University (PU), Lahore, has successfully developed two varieties of cotton containing traits of insect resistance. It is the result of several years of research and development of CEMB.
Two sugar mills owners have approached the Lahore High Court (LHC) against the Punjab government seizing sugar from their premises beyond 30 percent limit, as settled in the Supreme Court. The petitioners, owners of Brothers Sugar Mills and Gunj Shakar Su
Chief Minister Punjab, Muhammad Shahbaz Sharif chairing a high-powered meeting on livestock dairy development here Tuesday, said that in order to develop economy of the province and well being of the farmer, it was imperative that livestock and dairy deve
The Enforcement Directorate of Lahore Development Authority (LDA) launched an anti-encroachment operation in Moon Market, Allama Iqbal Town, on Tuesday, and confiscated eight trucks load of goods from the area that were hampering easy movement of the pede
A division bench of the Lahore High Court (LHC) here on Wednesday (today) would proceed with two identical petitions against President Asif Ali Zardari for holding political office of co-chairman PPP. The bench during the last date of hearing had directed
A German delegation, comprising of Kirsten Weltzien, Alexander Klass, Eduard Wegner, Tuesday called on Punjab Chief Minister, Muhammad Shahbaz Sharif and discussed matters pertaining to energy development. Secretary Irrigation was also present on the occa
Over 0.12 million employees of City District Government Karachi (CDGK) and its sub-ordinate departments are unlikely to get the advance salary before the fast-coming Eid-ul-Azha, as the City Government is facing acute shortage of funds. CDGK, which has be
The Economic Co-ordination Committee (ECC) of the Cabinet has directed Secretary, Finance, to resolve the issue of outstanding dues against all public sector entities in co-ordination with all those concerned, including Punjab government, official sources
DHL, the leading express and logistics company, has launched DHL Fashion and Apparel Centre of Excellence in Pakistan to facilitate trade within the region, Europe and North America. The first-of-its-kind centre in Pakistan will comprise of a core team of
Seven leading universities in Pakistan have joined the Oracle Academy and have integrated its Advanced Computer Science and Enterprise Business Applications programmes into their IT curricula.
Pakistan State Oil (PSO), the country's largest fuel supplier, will import 3.5 millions tonnes of diesel from Kuwait next year, sources in PSO said on Tuesday. "We have had a long-term contract with Kuwait Petroleum and usually import between 3.2 million
The scrapping of Competition Ordinance would not only endanger World Bank's future funding but also Friends of Pakistan Funds. It may also further lower Pakistan's ranking in Transparency International's Corruption Perception Index (CPI) 2010, according t
Prime Minister, Syed Yousuf Raza Gilani has asked the Ambassador designate to Belgium and European Union, Jalil Abbas Jilani to work towards further enhancement of bilateral relations between Pakistan and Belgium and for seeking the support of Belgium for
The Competition Commission of Pakistan (CCP) is legally empowered to take action against government departments, autonomous bodies and independent organisations involved in abuse of dominant market position, cartelization, collusive behaviour and deceptiv
Chief Minister Punjab, Mohammad Shahbaz Sharif has played a significant role in the rehabilitation and provision of medical facilities to the IDPs of Swat. These views were expressed by the EDO (Health) Mardan, Dr Arshad Khan who came to Lahore to receive
Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari at the Presidency on Tuesday and discussed the ongoing political situation. Sources said that the two leaders discussed the Balochistan package, which was presented in the Parliam
Federal government has proposed due representation of Balochistan on the Boards of the PPL, OGDC and Sui Southern Gas under Aghaz-e-Huqooq-e-Balochistan Package.
Japan has pledged Non-Project Grant Aid (NPGA) amounting to around $33 million to supplement efforts being made for structural adjustment for overcoming economic disparities and difficulties. The Ambassador of Japan, Chihiro Atsumi, and Sibtain Fazal Hali
Security forces with air cover by fighter jets and helicopter gunship on Tuesday launched a major offensive against terrorists in Tehsil Bara of Khyber Agency titled as 'Khokh ba Desham' (severe punishment to rival), killing 18 terrorists and injuring man
White Ribbon Day, marking eradication of violence against women, was celebrated across Pakistan on Tuesday. Candlelight vigils were arranged to show solidarity with the women who become victims of violence, and to reiterate pledge to end the practice, Cou
The United States would provide $17.9 million assistance for provision of safe drinking water by installing over 6,000 water proliferation plants in every union council. The US government and the Corporate Sector Organisations signed two Memorandums of Un
Different organisations plan to celebrate the International Day for the Elimination of Violence against Women (VAW) on Wednesday. It was on December 17, 1999 that UN's General Assembly through its resolution designated November 25 as the day for eliminati
Pakistan Ambassador to USA Hussain Haqqani on Tuesday approached Lahore High Court, Rawalpindi Bench against inclusion of his name in the National Reconciliation Ordinance (NRO) beneficiaries list. A petition filed through Advocate Sohail Qaiser Hasan has
Owing to downfall in revenues, most of the telecom operators adopted "cost-cutting measures" during the year 2008-09 with Ufone the only exception reporting a profit while the rest landed with negative earnings. Throughout the year, the sector's financial
Islamabad Traffic Police (ITP) has urged the parents, college administration and representatives of public transport to cooperate in overcoming the problem of students riding on rooftops of public transport.
A meeting of the heads of Parliamentary parties in the Senate and National Assembly was held on Tuesday ahead of the joint sitting of both the Houses to discuss matters relating to in House business during the joint session. The meeting presided over by S
Around three million Muslims from all over the globe start Hajj rituals on Wednesday (today), invoking Allah Almighty's mercy and blessings during the six-day spiritual communion with the Creator. The fifth pillar of Islam, the pilgrimage, is one of the m