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
On Thursday, BRIndex30 Index opened at 8,849.85 and remained positive throughout the trading session. It touched an intraday high of 9,003.74 and an intraday low of 8,849.85 and closed at 8,979.17, which is 129.32 points or 1.46 percent higher than yester
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
On Thursday, BRIndex30 Index opened at 8,849.85 and remained positive throughout the trading session. It touched an intraday high of 9,003.74 and an intraday low of 8,849.85 and closed at 8,979.17, which is 129.32 points or 1.46 percent higher than yester
The country's domestic debt stocks have crossed Rs 4 trillion mark for the first time in the history due to the significant rise in fiscal deficit and slow foreign inflows. The central bank has revealed that the country's overall domestic debts comprising
The country's domestic debt stocks have crossed Rs 4 trillion mark for the first time in the history due to the significant rise in fiscal deficit and slow foreign inflows. The central bank has revealed that the country's overall domestic debts comprising
The country''s domestic debt stocks have crossed Rs 4 trillion mark for the first time in the history due to the significant rise in fiscal deficit and slow foreign inflows. The central bank has revealed that the country''s overall domestic debts comprisi
A consortium of International Financial Institutions (IFIs) - World Bank, Asian Development Bank and Islamic Development Bank has agreed to extend $1.2 billion loan for 9 energy projects in a bid to help Pakistan mitigate energy crisis, Business Record
A consortium of International Financial Institutions (IFIs) - World Bank, Asian Development Bank and Islamic Development Bank has agreed to extend $1.2 billion loan for 9 energy projects in a bid to help Pakistan mitigate energy crisis, Business Record
A consortium of International Financial Institutions (IFIs) - World Bank, Asian Development Bank and Islamic Development Bank has agreed to extend $1.2 billion loan for 9 energy projects in a bid to help Pakistan mitigate energy crisis, Business Record
Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered gains across the board amid ascending trading turnover following fresh buying in blue chips. The LSE-25 index slide up to 3354.25 against 3296.38 of We
Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered gains across the board amid ascending trading turnover following fresh buying in blue chips. The LSE-25 index slide up to 3354.25 against 3296.38 of We
Taiwan on Thursday unveiled a multi-million dollar plan aimed at boosting domestic production and use of electric cars over the next six years, government officials said. The 9.1-billion-dollar (290-million-US) plan includes subsidies for local auto firms
While the entire country, from Khyber to Karachi, is crying owing to severe power crisis, Bahria Town, Rawalpindi, is the only privileged private housing scheme, which has been given exemption from load-shedding. According to the load-shedding schedules b
While the entire country, from Khyber to Karachi, is crying owing to severe power crisis, Bahria Town, Rawalpindi, is the only privileged private housing scheme, which has been given exemption from load-shedding. According to the load-shedding schedules b
While the entire country, from Khyber to Karachi, is crying owing to severe power crisis, Bahria Town, Rawalpindi, is the only privileged private housing scheme, which has been given exemption from load-shedding. According to the load-shedding schedules b
Prime Minister Syed Yusuf Raza Gilani called on President Asif Ali Zardari at Aiwan-e-Sadr on Thursday and apprised him about his visit to the US to attend the Nuclear Security Summit in Washington. The two leaders also discussed the debate on 18th Consti
DCO Saeed Wahlah has said that there is no room for mistake during the wheat procurement campaign in the district so the officers concerned should perform their duties efficiently to make the campaign a success. He warned that mismanagement and laxity in
An Indian rocket showcasing domestically built booster technology crashed soon after take-off on Thursday in a blow to the country's space ambitions, officials said. The launch of the first Indian-made cryogenic powered rocket, a complex technology master
An Indian rocket showcasing domestically built booster technology crashed soon after take-off on Thursday in a blow to the country's space ambitions, officials said. The launch of the first Indian-made cryogenic powered rocket, a complex technology master
A German Defence Ministry official says four German soldiers were killed and five others wounded in an attack in northern Afghanistan. Deputy Defense Minister Ruediger Wolf said Thursday in a letter to members of parliament that a German patrol was attack
A German Defence Ministry official says four German soldiers were killed and five others wounded in an attack in northern Afghanistan. Deputy Defense Minister Ruediger Wolf said Thursday in a letter to members of parliament that a German patrol was attack
US lawmakers and officials are signalling a new pragmatic approach to Afghan President Hamid Karzai, seeing no choice but to cooperate quietly with him despite misgivings about his rule. US senators back from a trip to Afghanistan said that Karzai indicat
UAE-based Magnetic Technologies is working with the Pakistani government to reduce the salinity of 6 million hectares of farmland currently unsuitable for farming, the firm's managing director told Reuters. "Food security is a growing concern world-wide a
Pakistan is fully capable of protecting its nuclear technology from falling into the hands of terrorists and would seek co-operation of international community for its peaceful use. In his weekly press briefing, foreign office spokesman Abdul Basit said o
The Planning Commission's Task Force on Climate Change (TFCC) on Thursday formally launched its report underlining socio-economic impact of climate change on Pakistan. The meeting was held here with Federal Minister for Environment Hameedullah Jan Afridi
Engineers should work with devotion for the maintenance and upkeep of the power station for its reliable and efficient operation to meet the challenges of prevailing power crisis in the country. The Wapda Member (Power) Muhammad Qasim Khan stated this on
In the wake of the demands for new provinces by different political elements, Pakistan Muslim League-Nawaz (PML-N) Thursday said creation of any new province on linguistic basis would not be supported, however, division of Punjab on administrative grounds
Leader of the Opposition in the Senate Wasim Sajjad said that now Prime Minister has to deliver to resolve the basic problems of the people. Speaking in Senate after the passage of 18th Amendment Bill, he said, "Now the government has to deliver to addres
Pakistan Muslim League-Q, President Chaudry Shujaat Hussain has issued a notification mentioning new leaders for Gilgit-Baltistan here on Thursday. According to the notification, Muhammad Aslam will be the president, Captain Sikandar Ali the General Secre
Oil and Gas Development Company Limited (OGDCL) has been rated at AAA/A-1+A by JCR-VIS a Credit Rating Company Limited (JCR-VIS) reaffirmed the entity outlook on the medium to long term rating is 'Stale' here on April 13, 2010. The rating reflect principa
Oil and Gas Development Company Limited (OGDCL) has been rated at AAA/A-1+A by JCR-VIS a Credit Rating Company Limited (JCR-VIS) reaffirmed the entity outlook on the medium to long term rating is 'Stale' here on April 13, 2010. The rating reflect principa
Additional Session Judge Islamabad Muhammad Akmal Khan on Thursday reserved verdict on an application seeking registration of criminal cases against former president Pervez Musharraf and others for conspiring to kill the then deposed chief justice of Paki
Member of the Institute of Revenues Rating and Valuation and Public Finance Accountant, Patrick Kevin Doherty has said that there is a gap between the revenues and expenditures of the Punjab government which was continuously increasing, as in 2000- 2001 t
Prime Minister Syed Yousaf Raza Gilani has announced highest civil award for Parliamentary Committee on Constitutional Reforms (PCCR) on accomplishment of an impossible task with consensus. Addressing the Senate after the passage of the 18th Constitutiona
A three-day National Judicial conference under the auspices of Law and Justice Commission of Pakistan begins today (Friday), aimed at reviewing the judicial policy.
Pakistani Community living in Germany has invited Shoaib Malik and Sania Mirza to celebrate their honeymoon in Germany, said a press release received here on Thursday. Tariq Awan, community leader and Chairman Kashmir Forum, Germany has sent a message of
Health Department Punjab has prepared tentative seniority list of Senior Women Medical (grade 18) Officers. The list has been sent to the DG Health Punjab, all the EDOs (H), Principals of Medical Colleges, Heads of Special Institutions besides displaying
Revenue shortfalls across the world are expected due to the global financial crisis and with low productivity within the region resulting from massive exemptions, poor administration, low threshold, lack of transparency and enforcement, the government fac
Adviser to Chief Minister Sindh on Planning and Development, Dr Kaisar Bengali has emphasised on the need of re-defining state priorities and reducing non development expenditures. Speaking at a pre-budget seminar organised by Karachi Chamber of Commerce
Etihad Airways, the national airline of the United Arab Emirates on Thursday reported 25.4 percent growth in revenue passenger kilometers (RPKs) in the first quarter of 2010, far out-pacing the industry average and running, ahead of the airline's availabl
A delegation of Karachi and Lahore (dealers/ traders and consumers) met Chief Executive Officer of Pakistan Steel, Malik Asrar Hussain along-with Senior Officers of Pakistan Steel on April 13, 2010 at Operations Building Bin Qasim Karachi. The main issue
Meezan Bank, Pakistan's first and largest Islamic Bank has been awarded 'Best Islamic Bank in Pakistan' for 2009 by ASiAMONEY magazine, Hong Kong. Meezan Bank also recently won the 'Best Islamic Bank in Pakistan' for 2009 by Islamic Finance News of REDmon
The recommendations put forward by Pakistan Institute of Corporate Governance (PICG) for amendments to the Code of Corporate Governance, 2002 are now placed on PICG's website for public comment. According to a press release issued here on Thursday the dea
To mark the 150th anniversary of the Overseas Investors Chamber of Commerce and Industry (OICCI) in year 2010, Pakistan Post Office (PPO) has issued a commemorative stamp. The 150th anniversary is a significant event in country's economic and business his
Moderates demand more autonomy for the country's people by forming the earlier proposed 19 states through a 19th constitutional amendment. Elaborating this proposal, Syed Jawaid Iqbal, Chairman Moderates said "The repercussions of the renaming of NWFP as
The proposed Value Added Tax (VAT) Rules would empower Federal Board of Revenue (FBR) to compulsorily register any person including retailer, wholesaler and dealer having annual turnover of Rs 7.5 million. Sources told Business Recorder on Thursday
An Afghanistan-born imam linked to the suspects in an aborted suicide bomb plot against New York City subway stations faces up to six months in prison. Ahmad Afzali, who pleaded guilty to lying to the FBI in a deal sparing him serious jail time, was sched
Local match manufacturers have approached the Federal Board of Revenue to check large-scale smuggling of poplar wood to Afghanistan in violation of the Export Policy Order of the Ministry of Commerce. Sources told Business Recorder on Thursday that
Sindh Health Department will establish Treatment Centres for Hemophiliacs at selected government hospitals, said provincial health secretary, Syed Hashim Raza. In response to presentations made by health experts at a seminar organised by Sindh Blood Trans
President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ishaq Butt has expressed deep concern over unscheduled load shedding of up to 16 hours in Sialkot.