Pakistan Electric Power Company (Pepco) has accused Sui Northern Gas Pipeline Limited (SNGPL) of supplying natural gas to "blue eyed " private sector's consumers instead of public sector power generating plants by violating decisions of power crisis resol
Pakistan Electric Power Company (Pepco) has accused Sui Northern Gas Pipeline Limited (SNGPL) of supplying natural gas to "blue eyed " private sector's consumers instead of public sector power generating plants by violating decisions of power crisis resol
Pakistan Electric Power Company (Pepco) has accused Sui Northern Gas Pipeline Limited (SNGPL) of supplying natural gas to "blue eyed " private sector''s consumers instead of public sector power generating plants by violating decisions of power crisis reso
Pakistan's exports have turned the corner and overcome the challenges posed by the global recession. The exports in March stood at 1.807 billion dollar as compared with 1.312 billion dollar in March 2009, registering a 37.8 percent increase over the corre
Commerce Ministry is reportedly catering to the interests of Kabul instead of Islamabad in deliberations on the Washington-pushed Afghanistan -Pakistan Transit Trade Agreement (APTTA), despite a strong protest by the Federal Board of Revenue (FBR) and the
Commerce Ministry is reportedly catering to the interests of Kabul instead of Islamabad in deliberations on the Washington-pushed Afghanistan -Pakistan Transit Trade Agreement (APTTA), despite a strong protest by the Federal Board of Revenue (FBR) and the
Commerce Ministry is reportedly catering to the interests of Kabul instead of Islamabad in deliberations on the Washington-pushed Afghanistan -Pakistan Transit Trade Agreement (APTTA), despite a strong protest by the Federal Board of Revenue (FBR) and the
The State Bank of Pakistan on Tuesday announced the procedure for the payment of "Inland Freight Subsidy," which would be 35 percent of inland cost for cement and 50 percent for other sectors. According to SBP's Circular EPD/06/EPP.1 (51)-FS- 2010, govern
The State Bank of Pakistan on Tuesday announced the procedure for the payment of "Inland Freight Subsidy," which would be 35 percent of inland cost for cement and 50 percent for other sectors. According to SBP's Circular EPD/06/EPP.1 (51)-FS- 2010, govern
The State Bank of Pakistan on Tuesday announced the procedure for the payment of "Inland Freight Subsidy," which would be 35 percent of inland cost for cement and 50 percent for other sectors. According to SBP''s Circular EPD/06/EPP.1 (51)-FS- 2010, gover
The KSE-100 index on Tuesday lost 50.99 points to close at 10.506.20 level with low volumes due to investors' cautious stance due to uncertainty on political front and declining oil prices in the international market. Although the market opened on a posit
The KSE-100 index on Tuesday lost 50.99 points to close at 10.506.20 level with low volumes due to investors' cautious stance due to uncertainty on political front and declining oil prices in the international market. Although the market opened on a posit
The KSE-100 index on Tuesday lost 50.99 points to close at 10.506.20 level with low volumes due to investors'' cautious stance due to uncertainty on political front and declining oil prices in the international market. Although the market opened on a posi
On Tuesday, BRIndex30 opened at 8,867.34 and remained negative throughout the trading time. It touched an intraday high of 8,890.06 and an intraday low of 8,767.55 and closed at 8,778.57, which is -88.77 points or -1 percent lower than yesterday's close.
On Tuesday, BRIndex30 opened at 8,867.34 and remained negative throughout the trading time. It touched an intraday high of 8,890.06 and an intraday low of 8,767.55 and closed at 8,778.57, which is -88.77 points or -1 percent lower than yesterday's close.
Different Ministries and Divisions have lodged strong protest in Priorities Committee meeting over the development funds' ceiling under the Public Sector Development Programme (PSDP), as Rs 300 billion have been earmarked for development during upcoming f
Sindh is facing financial shortfall of at least Rs 45 billion for the public sector development program (PSDP) 2009-10 as the federal government has cut the province's share citing financial crunch as major reason. This was stated by Chief Minister (CM) S
Sindh is facing financial shortfall of at least Rs 45 billion for the public sector development program (PSDP) 2009-10 as the federal government has cut the province's share citing financial crunch as major reason. This was stated by Chief Minister (CM) S
Sindh is facing financial shortfall of at least Rs 45 billion for the public sector development program (PSDP) 2009-10 as the federal government has cut the province''s share citing financial crunch as major reason. This was stated by Chief Minister (CM)
Pakistan must swiftly end power cuts, boost tax collection and ease violence to secure economic growth and counter fiscal imbalances, the Asian Development Bank (ADB) said on Tuesday. Pakistan has struggled to keep its economy afloat with the help of a $1
The Federal Board of Revenue (FBR) has directed the collectors of customs to give preferential treatment under Pak-China Free Trade Agreement (FTA) on goods which have been shipped directly from the territory of China in compliance with the original crite
The Federal Board of Revenue (FBR) has directed the collectors of customs to give preferential treatment under Pak-China Free Trade Agreement (FTA) on goods which have been shipped directly from the territory of China in compliance with the original crite
The Federal Board of Revenue (FBR) has directed the collectors of customs to give preferential treatment under Pak-China Free Trade Agreement (FTA) on goods which have been shipped directly from the territory of China in compliance with the original crite
Bearish sentiments continued to prevail on the Lahore Stock Exchange (LSE) on Tuesday where equities remained under pressure and registered losses across the board due to panic selling on account of worsening law and order situation in the country, partic
Bearish sentiments continued to prevail on the Lahore Stock Exchange (LSE) on Tuesday where equities remained under pressure and registered losses across the board due to panic selling on account of worsening law and order situation in the country, partic
The International Monetary Fund set Monday a tenfold expansion in its standing credit with member nations to 550 billion dollars to improve crisis lending capacity. The IMF executive board approved the major expansion of the borrowing arrangements, a year
Farmers Associates Pakistan (FAP) rejecting the 'wheat procurement policy' of the Punjab government has urged that the procurement should be started by April 15 positively. FAP's wheat growing members at a specially convened meeting rejected the wheat pro
US Treasury Secretary Timothy Geithner eyed new international financial standards on Tuesday, hinting a deal was possible before the end of the year. Writing in the Washington Post, Geithner said rules being discussed by Congress would allow the governmen
US Treasury Secretary Timothy Geithner eyed new international financial standards on Tuesday, hinting a deal was possible before the end of the year. Writing in the Washington Post, Geithner said rules being discussed by Congress would allow the governmen
The local authorities are rejoicing as hundreds of maritime tourists from across the globe turned up to the shores of terrorism-hit country in a world class passenger cruise after about 15 years. MS ALBATROS, a German cruise whose local agent is United Ma
The local authorities are rejoicing as hundreds of maritime tourists from across the globe turned up to the shores of terrorism-hit country in a world class passenger cruise after about 15 years. MS ALBATROS, a German cruise whose local agent is United Ma
The local authorities are rejoicing as hundreds of maritime tourists from across the globe turned up to the shores of terrorism-hit country in a world class passenger cruise after about 15 years. MS ALBATROS, a German cruise whose local agent is United Ma
Pakistan is all set to actively participate in the Defence Services Asia (DSA) 2010 exhibition being held in Kaula Lumpur, Malaysia, from April 19-22. Federal Minister for Defence Chaudhry Ahmed Mukhtar is expected to lead a high level delegation to atten
Asian Development Bank noted that Pakistan faces three interconnected development challenges. The first is its weak fiscal situation, marked by under performance in government revenue over the years. The second is low growth and the challenge to revive it
Government may delay the proposed six percent increase in power tariff to avoid problems caused by the prolonged load shedding across the country. "My first priority is to resolve the issues of load shedding before increasing power tariff," Federal Minist
A military offensive against Taliban insurgents in the north-west has forced thousands to flee for camps, possibly undermining public support for a US-backed crackdown on militants. Pakistani security forces have stepped up assaults in the northwest over
A speeding vehicle of the American Consulate on Tuesday hit a pedestrian in Saddar area, it is learnt. Police and eye witnesses told Business Recorder that an offensively speeding black coloured Land Cruiser of the consulate bearing registration nu
A survey conducted by the Small and Medium Enterprises Development Authority (SMEDA) has revealed that 84 percent of the total respondents had not applied for a bank loan during the last two years mainly because of high mark-up rate. As many as 1604 estab
There is need to improve the skills of the economic journalists for better analysis while reporting and positive and result orientated criticism. These views were expressed by Asad Hussain, a seasoned economist, trainer and researcher, while speaking at a
Muhammad Kamran Shehzad, Deputy Governor, State Bank of Pakistan, has said the central bank is ensuring availability of adequate credit to private sector to promote economic growth on the sustainable basis. Addressing members of the Surgical Instrument Ma
Syed Naveed Qamar, Federal Minister for Petroleum & Natural Resources has lauded the activities for conservation of bio-diversity that help tackle the impact of environmental degradation and negative effects of spread of carbon footprint, and keep the whe
The Punjab University (PU) has completed all arrangements for B.A./BSc. Examination commencing from April 14, (today). In addition to setting up of 527-exam centres in 25 district of the province, examination centres have also been established in Gilgit a
Jamaat-i-Islami deputy chief Sirajul Haq, has stressed the need for enhancing the education budget for imparting best educational facilities to the youth. Addressing the annual dinner of the Mansoora Degree College, he said the nations advancing in the fi
Association of Builders and Developers of Pakistan (ABAD) has proposed the government to provide housing finance with nominal mark-up to promote low cost housing schemes. The budget proposals of ABAD are strongly advocating the builders' problems, which t
Fishermen and seafood exporters at a seminar here on Tuesday urged the government to discourage the use of small meshes through brisk measures to save the marine species from extinction in the country's around 1100 km coastline. The government officials u
The Lahore High Court (LHC) here on Tuesday issued notices to the federal government and Wapda authorities for May 5 in response to a petition filed against unscheduled loadshedding and demanded for removal of federal minister for Water and Power Raja Per
PU Academic Staff Association (PUASA) took out a massive protest rally from the Old Campus on the Mall Road on Tuesday, which culminated at the Charing Cross and the protestors also staged sit in there.
Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif here on Tuesday took strong notice of roughing up a director Anti-Corruption Establishment (ACE) by PML-N MNA to secure release of TMA contractor and sought report from director general ACE. CJ
The Punjab Education Foundation (PEF) has completed the task of giving free books to partner schools in 22 districts of the province. An official of Punjab Education Foundation (PEF) stated this here on Tuesday. An official said that textbooks to rest of
The United States Agency for International Development (USAID) through its "Pakistan JOBS Project" has signed a Memorandum of Understanding with Pakistan Readymade Garments and Technical Training Institute (PRGTTI) in Karachi. The agreement would provide
The Lahore High Court (LHC) here on Tuesday adjourned till May 6, for further arguments, the hearing of a petition challenging construction of Benazir Bhutto monument in Rawalpindi or elsewhere with public exchequer. Earlier, petitioner Syed Feroz Shah Gi
Citibank N A Pakistan and Orix leasing Pakistan signed an agreement on Tuesday for renewing the provision of the POS terminal facility to Visa and MasterCard Credit Card holders in Pakistan. The initiative maximises benefits and convenience to Visa and Ma
A 14-member delegation, comprising prominent industrialists and traders, engaged in the hand knitted carpet weaving sector of the province called on the NWFP Governor Owais Ahmed Ghani at Governor's House, Peshawar on Tuesday and apprised him some of the
The Lahore High Court (LHC) here on Tuesday restrained Sui Northern Gas Pipelines Limited (SNGPL) from cutting off domestic gas supply connection of petitioner Mubarika Shams for using gas power generator and sought reply from the respondent company till