The IBA Centre for Entrepreneurial Development (CED), along with the IBA Entrepreneurship Society, recently launched its upcoming Business Plan Competition "INVENT-The Entrepreneurial Challenge". The purpose of the exercise, as cited by Director CED, Zafa
Intensive dredging in the approach channel of both the East and West Wharf and widening/realignment of the navigational channel enabled the KPT to accommodate considerably larger vessels during the period 2008-10. The KPT achieved the 12-meter draft in Ka
Most of the buyers of multimillion-dirham villas in the $6.4 billion Al Barari project, in Dubai, belong to South Asian countries, prominently Pakistan and India.
Almost 80 helpless women, recipient of state land in Thatta district, are seeking help from President Asif Ali Zardari, Prime Minister Syed Yousuf Raza Gilani and Sindh Chief Minister Syed Qaim Ali Shah to resolve their post land distribution issues so th
Police constable Khalil, who was abducted by the Rangers, was brought before media here on Friday. SSP Model Town Rana Hayat told media that Rangers officials gave the custody of Khalil to police in the Cantonment Area, Aaj News reported.
Federal and provincial research institutes have agreed to co-ordinate their efforts for developing a high yielding, short duration hybrid and open pollinated Canola seed to increase the per acre yield of the farmer. The decision to this effect was taken a
President, Muttahida Kasan Mahaz (MKM), Ayub Khan Mayo, has warned that if India did not desist from trampling Indus Basin Water Treaty, MKM along with traders, lawyers, students and civil society would protest on September 19, 2010 on Pak-India border.
Senior Provincial Minister Raja Riaz Ahmed called on Federal Minister for Water and Power Raja Pervaiz Ashraf on Friday and discussed the problem of load shedding in Faisalabad. An official handout said that it was decided in the meeting that in future on
Apparel sector is worried over judicial relief provided to the spinners on quota restrictions against yarn exports and has started criticising the Textile Ministry for leaving it in the lurch on the issue.
An application has been filed before the Lahore High Court (LHC), praying to summon President Asif Ali Zardari in two constitutional petitions, challenging his holding of the political office. The application was filed by Engineer Ghulam Jillani, stating
Syed Yousuf Raza Gilani, Prime Minister of Pakistan will visit Gujranwala to inaugurate Gujranwala Business Centre (GBC) on Saturday, March 27 (today), Business Recorder learnt on Friday. The PM will be accompanied by a number of high-ranking gover
Foreign minister said Thursday that the United States would improve its public standing if it let Islamabad spearhead drone attacks. Foreign Minister Shah Mehmood Qureshi, in Washington for high-level talks, acknowledged in a CNN interview that drone atta
Former Chairman Senate, Muhammadmian Soomro has advised private sector to play its role to save the country from a possible economic collapse by increasing industrialisation and creating new jobs.
Regional Tax Office Karachi has formed special task force comprising some 33 teams to enhance the collection of Capital Value Tax (CVT). Sources told Business Recorder on Friday the Federal Board of Revenue has launched a campaign and issued direct
Justice Ijaz Ahmad Chaudhry of Lahore High Court (LHC) here on Friday issued notice to Inspector General of Punjab (IGP) Police, in petition of an arrested DSP Imran Babar Jamil challenging 'judicial inquiry' held by District & Sessions Judge (D&SJ) into
Chief Executive Officer, Sindh Engro Mining, Khalid Mansoor has said that country is facing shortage of 4,500MW which is causing a loss of 3 billion dollars. He said this while addressing the inauguration ceremony of the two-day international seminar on E
Minister for Population Welfare Punjab Neelam Jabbar Chaudhry here on Friday said that in order to provide health, education, sanitation, clean drinking water and other civic amenities to every citizen of the country, the rapidly growing population has to
All Pakistan Paper Merchants Association Northern Zone has threatened to go on strike if the strict action is not taken by the government against the cartel of paper mill owners. According to the spokesperson of the APPMA North zone, an emergency meeting
The Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif here Friday directed federal and Punjab governments to make necessary arrangements for the production of 12 arrested Afghan Taliban, suspect terrorists, before magisterial court as required
"Root cause of country's degradation is deviation from the prescribed path of Allah and our expectations from US and other satanic forces," Jamaat-i-Islami (JI) chief Syed Munawar Hasan said at the Friday congregation at Mansoora mosque. Our people talk o
The wheat harvesting has been started in riverine areas of the district. DO Agriculture Javed Iqbal told newsmen here on Friday, wheat harvesting in other parts of the district would begin in first week of next month.
Governor Punjab Salmaan Taseer has on Friday summoned the Provincial Assembly to meet on Saturday at 6pm to take up Value Added Tax (VAT) bill. It was learnt that the session has been called to make legislation on Value Added Tax (VAT) in order to allow t
A local holiday in the Lahore district will be observed on Saturday (today) on account of annual Urs of Hazrat Madhu Lal Hussain (RA). The holiday will be observed only at the district level and its subordinate offices located in Lahore district. The Punj
Germany and Switzerland on Friday agreed a new double taxation deal that will clarify tax disclosure rules for the Alpine country''s multi-trillion-dollar wealth management industry. The German Finance Ministry said the agreement, details of which would b
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
Germany and Switzerland on Friday agreed a new double taxation deal that will clarify tax disclosure rules for the Alpine country's multi-trillion-dollar wealth management industry. The German Finance Ministry said the agreement, details of which would be
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
Germany and Switzerland on Friday agreed a new double taxation deal that will clarify tax disclosure rules for the Alpine country's multi-trillion-dollar wealth management industry. The German Finance Ministry said the agreement, details of which would be
Pakistan may miss 25 million tons wheat production target by 2 million tons this year due to unfavourable weather, sources in the Ministry of Food and Agriculture told Business Recorder. They said that though Pakistan might miss the target, yet whe
A two-member bench of Supreme Court here Friday admitted a petition of Sharif family for regular hearing, challenging notices of tax department of tax evasion. The petition was filed by Mian Nawaz Sharif, his wife Kalsoom Nawaz, Mian Shahbaz Sharif, his w
The Sindh High Court (SHC) has directed submission of a detailed report on April 16 about the irregularities in Public Service Commission (PSC) Examinations, held after 2003. A petitioner Muhammad Salim Shaikh, declared fail in the exams by PSC, challenge
The Supreme Court on Friday called for an explanation from Malik Tabarik Hussain alias Malik Bari regarding his uninformed visit outside the country despite being on bail. Karachi police arrested Bari from Islamabad last year on the charges of a fake case
National Training Bureau (NTB): Established in 1976, National Training Bureau is an attached department of ministry of Labour & country and trains potential vocational training system in the country and trains potential workers. It has a vast campus with
A fire ripped through one of the Indian army's largest ammunition depots on Friday, destroying 150 tonnes of explosives and ammunition, military sources said. Military spokesman Mahesh Upasani said the fire started at the Panagarh army base 120 kilometres
The Ministry of Labour & Manpower is entrusted with the labour welfare activities, social security schemes, labour administration, inspection and protection, liaison with international organisations in the fields of labour and social security, manpower de
AJK Information, IT and Hydro Electric Board Minister, Sardar Farooq Haider has on Friday demanded Water and Power Development Authority (Wapda) to pay compensation for the loss of public property during the violent demonstrations against load shedding in
The Employees' Old-Age Benefit Institution was established in 1976 to grant old-age benefits for the persons employed in industrial, commercial and other organisation and matter connected therewith. Under the scheme the EOBI grants Old-Age Pension; Invali
The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
Two years of democracy has come to completion with remarkable achievements for the welfare and betterment of workers and labourers and a lot is envisioned and will be attained in future. Workers are the backbone for the economy of the country and it is ve
The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
It is matter of satisfaction that despite a number of challenges, the democratic Government has succeeded in taking a number of concrete measures during last two years for the welfare of workers.
The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
The revival of democracy has completed two years today. On this occasion I wish to compliment the nation, the parliament, democratic forces and the government. Two years is not a long period of time. However, it goes to the credit of the democratic govern
The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
Heavy Mechanical Complex (HMC) Taxila is a public sector organisation under the Ministry of Industries and Production Islamabad. On account of an excellent performance HMC has achieved a sales turn over of Rs 1.914 billion during 2009, which is the highes
Mixed trend was witnessed at Islamabad Stock Exchange (ISE) on Friday where equities showed normal business under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 3.86 points from 2,423.69 to 2,419.83 points. Turnover amounted t
Restoration of judges: The PPP never accepted the unconstitutional, illegal and illegitimate imposition of martial law by the Chief of Army Staff on November 3, 2007. Shaheed Mohtarma Benazir Bhutto travelled to the residence of the Chief Justice o
Mixed trend was witnessed at Islamabad Stock Exchange (ISE) on Friday where equities showed normal business under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 3.86 points from 2,423.69 to 2,419.83 points. Turnover amounted t
The People's Government believes in the supremacy of the Parliament as it represents the will of the people. Since 2008, the government has brought issues of national importance in the elected houses for debate, guidance and approval. The Prime Minister h
Equities moved both ways but finally settled in negative column at the Lahore Stock Exchange (LSE) on Friday amid ascending transaction volume. The LSE-25 index showed a decline of 08.78 points and closed at 3180.85 points against 3189.63 points of Thursd
The successful military operation against militants in Swat and Malakand Divisions resulted in the restoration of peace, and law and order in that region by August 2009.
Equities moved both ways but finally settled in negative column at the Lahore Stock Exchange (LSE) on Friday amid ascending transaction volume. The LSE-25 index showed a decline of 08.78 points and closed at 3180.85 points against 3189.63 points of Thursd
Pakistan's democratic leadership has remained cognisant of and fully alert to the dangers that extremist terror has been posing to Pakistan and the rest of the world for more than a decade now. While resolving to restore a democratic dispensation in the c
Sugar cartels are planning to once again to reap high profits this year by asking the government to impose regulatory duty on import of sugar. Usually reliable sources told Business Recorder here that though sugar prices in Pakistan are about 30 pe
The Chairman, PARC Dr Zafar Altaf has been trying to handle the agricultural research and development issues by starting work on various new initiatives.
Sugar cartels are planning to once again to reap high profits this year by asking the government to impose regulatory duty on import of sugar. Usually reliable sources told Business Recorder here that though sugar prices in Pakistan are about 30 pe
Beginning with abolishing the Pakistan Electronic Media Regulatory Authority (PEMRA) 'black laws' introduced by the last authoritarian regime in November 2007, the People's Government has encouraged the democratic dissent of media, despite some ethical ca
Sugar cartels are planning to once again to reap high profits this year by asking the government to impose regulatory duty on import of sugar. Usually reliable sources told Business Recorder here that though sugar prices in Pakistan are about 30 pe
Ministry of Industries and Production (MoIP) through its main organs ie Engineering Development Board (EDB), State Engineering Corporation (SEC) and Pakistan Industrial Development Corporation (PIDC) is making hectic efforts in bringing an industrial revo
The government may switch to one day per week gas load shedding for CNG stations under Gas Load Management Plan to provide gas to Pakistan Electric Power Company (Pepco) for power generation in an effort to reduce power shortfall. The government had enfor
Under the Gilgit-Baltistan Empowerment and Self-Governance Order, 2009 signed by President Asif Ali Zardari on September 7, 2009 - the identity of the region was restored by changing the name from 'Northern Areas' to 'Gilgit-Baltistan'. As part of its adm
The government may switch to one day per week gas load shedding for CNG stations under Gas Load Management Plan to provide gas to Pakistan Electric Power Company (Pepco) for power generation in an effort to reduce power shortfall. The government had enfor
People's doctrine of peace: "I have come to Balochistan with a message of peace and brotherhood, said Shaheed Mohtarma Benazir Bhutto while addressing an election rally in Dera Allahyar, just seven days before her martyrdom.
The government may switch to one day per week gas load shedding for CNG stations under Gas Load Management Plan to provide gas to Pakistan Electric Power Company (Pepco) for power generation in an effort to reduce power shortfall. The government had enfor
Article 5, Charter of Democracy: Provincial Consent and Consensus: In the spirit of Charter of Democracy and the PPP Manifesto, President Asif Ali Zardari re-constituted the National Finance Commission (NFC) on July 24, 2009. Authoritarian r
Defence Secretary Robert Gates said on Thursday he hoped to export coveted US drone technology to allies, despite legal hurdles, and played down the threat from rival drone programs in nations like Iran. Gates, testifying at a Senate hearing, said it was
Understanding the missing links: Through a 42-year odyssey of its unflinching struggle, the Pakistan People's Party (PPP) has undoubtedly become a defining political tradition of the masses of Pakistan. This tradition is committed to Shaheed
Defence Secretary Robert Gates said on Thursday he hoped to export coveted US drone technology to allies, despite legal hurdles, and played down the threat from rival drone programs in nations like Iran. Gates, testifying at a Senate hearing, said it was
Today's column on bridge is for those who find the grey areas in the bidding difficult to overcome. For after all, good bidding means the best available contract on the lie of the cards between you and your partner, and of course the placement of certain
On Friday, the BRIndex30 opened at 8,605.66 points and remained in positive for most of the market time. It touched the intra-day high of 8,662.60 points and low of 8,577.08 points and closed at 8,595.02 points with a negative change of -10.64 points, or
Pakistan once ruled the sports world, and till mid-90s, they were the world champions in squash, hockey, cricket and snooker. But soon, they started losing one title after the other and by the close of the decade of the 90s, they were titleless. This is t
On Friday, the BRIndex30 opened at 8,605.66 points and remained in positive for most of the market time. It touched the intra-day high of 8,662.60 points and low of 8,577.08 points and closed at 8,595.02 points with a negative change of -10.64 points, or