Foreign shareholders of Asia Petroleum Limited (APL) have expressed serious concerns over the possible use of APL pipeline by Byco refinery to transport its products, Business Recorder has learnt. APL is a joint venture of Pakistan State Oil (PSO)
Pakistan Muslim League-Quaid (PML-Q) senior leader and former federal minister for food & Agriculture Alhaj Sikandar Hayat Bosan has accused the Punjab government headed by Mian Shahbaz Sharif of causing a loss of Rs 7 billion through bad governance in th
Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has appealed to Ulema of various schools of thought to stop their demonstrations after clear assurances by Prime Minister Syed Yusuf Raza Gilani that no amendment is being made in the blasphemy law.
Chairman, Pakistan Tehreek-e Insaf (PTI), Imran Khan has said the prevailing political situation in the country indicates that general election could be held any time, and PTI has started reorganisation of the party and preparation for the elections.
The Lahore High Court (LHC) issued notices to District Officer (MCH) Lahore Dr Nasreen Hameed and others in a petition filed by a citizen Muhammad Rafiq challenging her qualification. The petitioner through his counsel Rana Habib-ur-Rehman contended that
Finance Minister Khyber Pakhtunkhwa, Eng Humayun Khan on Tuesday while expressing his profound grief over the death of former governor of the province and veteran political figure Major General Nasirullah Khan Babar (Retd) termed it a great loss for the c
Federal Minister for Religious Affairs, Syed Khurshid Shah along with Minister of State for Religious Affairs, Shagufta Jumani attended de-briefing meeting on Haj 2010. The Secretary, Joint Secretary and private company owners and DG Haj and others also a
The government should take pragmatic measures to eradicate gender disparity in skill development and employment opportunities throughout the country as access to education and training for all men and women is a future investment for economic development
The Punjab government has on Tuesday carried out transfer and posting of senior government official. According to a notification, Captain Tariq Masud (Retd), presently serving under the Punjab government, has been relieved of his duties to join his new as
The Federal Textile Ministry and the All Pakistan Textile Mills Association (APTMA) are on the same page so far as the growth of textile industry is concerned. A strong bond between the sides is likely to develop in near future, especially if the Federal
Cocoa arrivals to ports in top grower Ivory Coast are slightly lower than at the same time last season after a bout of unrest last week and temporary lags in the cycle of the season, exporters said on Monday. Arrivals to port have broadly kept pace with l
Firmness prevailed on the cotton market on Tuesday though ginners did not lower the asking prices due to short crop, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 9800, they said. Seed cotton prices in Sindh and Punjab w
Rates moved both ways on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The January vaida that had closed at Rs 1249.80 opened with a modest gain 60 paisa Rs 1250.40. The March vaida which ended at dismal note at Rs
Spot basis bids for corn and soyabeans held mostly steady around the US Midwest on Monday as futures rallied and farmers sold small portions of both commodities, grain merchants said. Dealers noted the first modest bump of sales in several days as corn fu
US corn futures rose around 1 percent and soyabean half a percent on Tuesday, extending gains as concerns over dry weather hurting crops in Argentina continued to support the market. Wheat rose 1 percent on strong global demand for US cargoes, including t
Rapeseed prices have now reached such high levels that demand for rapeseed oil-based biodiesel for blending with fossil fuels could be cut in coming months, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. Oil companies are compelled to blen
The outlook for Brazil's 2011 soyabean harvest remains positive despite concerns about weather damage to crops in other South American countries, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. Oil World has slightly raised its forecast of
Indonesia expects crude palm oil output to increase by a marginal 1 million tonnes to 22 million this year, an official at the Indonesian Palm Oil Association said on Tuesday. An unusually long rainy season has wreaked havoc on most of the country's plant
The Karachi Port handled 159,814 tonnes of cargo including 125,938 tonnes of import cargo, 33,876 tonnes of export cargo, 5,609 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 125,938 tonnes compr
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
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
Another round of speculations came to an end on Tuesday when President Asif Ali Zardari issued a notification appointing a PPP stalwart and former Attorney General Sardar Latif Khan Khosa as Governor of Punjab. As Governor of Punjab, Sardar Latif Khosa wo
Another round of speculations came to an end on Tuesday when President Asif Ali Zardari issued a notification appointing a PPP stalwart and former Attorney General Sardar Latif Khan Khosa as Governor of Punjab. As Governor of Punjab, Sardar Latif Khosa wo
Japan has queued up to help Pakistan to plug in widening budgetary gap by granting it $60 million soft loan in response to Islamabad's call to the friendly countries for financial support to keep current budget deficit at some reasonable level.
Japan has queued up to help Pakistan to plug in widening budgetary gap by granting it $60 million soft loan in response to Islamabad's call to the friendly countries for financial support to keep current budget deficit at some reasonable level.
Japan has queued up to help Pakistan to plug in widening budgetary gap by granting it $60 million soft loan in response to Islamabad''s call to the friendly countries for financial support to keep current budget deficit at some reasonable level.
The CPI inflation soared by 15.68 percent in December 2010 over the same period of last year with phenomenal increase in perishable food items, showing a strong trend of increase in prices of food items which may push more people below the poverty line.
The CPI inflation soared by 15.68 percent in December 2010 over the same period of last year with phenomenal increase in perishable food items, showing a strong trend of increase in prices of food items which may push more people below the poverty line.
The CPI inflation soared by 15.68 percent in December 2010 over the same period of last year with phenomenal increase in perishable food items, showing a strong trend of increase in prices of food items which may push more people below the poverty line.
Expressing dissatisfaction over the Haj scam probe, the Supreme Court on Tuesday directed the government to remove Federal Investigation Agency (FIA) director-general Waseem Ahmed in three days, as he is unable to handle the investigation independently.
Expressing dissatisfaction over the Haj scam probe, the Supreme Court on Tuesday directed the government to remove Federal Investigation Agency (FIA) director-general Waseem Ahmed in three days, as he is unable to handle the investigation independently.
Central bank will announce on January 29 its monetary policy for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan, said on Tuesday. In the last monetary policy review in November, the central bank raised its key d
Central bank will announce on January 29 its monetary policy for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan, said on Tuesday. In the last monetary policy review in November, the central bank raised its key d
Central bank will announce on January 29 its monetary policy for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan, said on Tuesday. In the last monetary policy review in November, the central bank raised its key d
The private sector has sought tax waiver on purchase of imported sugar from Trading Corporation of Pakistan, and some bidders have moved court for tax relief. Sources told Business Recorder on Tuesday that private sector is reluctant to lift the au
The private sector has sought tax waiver on purchase of imported sugar from Trading Corporation of Pakistan, and some bidders have moved court for tax relief. Sources told Business Recorder on Tuesday that private sector is reluctant to lift the au
The private sector has sought tax waiver on purchase of imported sugar from Trading Corporation of Pakistan, and some bidders have moved court for tax relief. Sources told Business Recorder on Tuesday that private sector is reluctant to lift the au
The Ministry of Finance has agreed with the proposal of the Tax Reform Co-ordination Group (TRCG) to create a Fiscal Policy Board to be headed by the Finance Minister under the reform plan to exclusively deal with the fiscal policy and taxation issues und
The Ministry of Finance has agreed with the proposal of the Tax Reform Co-ordination Group (TRCG) to create a Fiscal Policy Board to be headed by the Finance Minister under the reform plan to exclusively deal with the fiscal policy and taxation issues und
The Ministry of Finance has agreed with the proposal of the Tax Reform Co-ordination Group (TRCG) to create a Fiscal Policy Board to be headed by the Finance Minister under the reform plan to exclusively deal with the fiscal policy and taxation issues und
The country's trade deficit soared to $8.149 billion in July-December 2010, 18.20 percent up over $6.89 billion for the same period of last year, according to the Federal Bureau of Statistics (FBS). Official trade figures released by the FBS here on Tuesd
The country's trade deficit soared to $8.149 billion in July-December 2010, 18.20 percent up over $6.89 billion for the same period of last year, according to the Federal Bureau of Statistics (FBS). Official trade figures released by the FBS here on Tuesd
The country''s trade deficit soared to $8.149 billion in July-December 2010, 18.20 percent up over $6.89 billion for the same period of last year, according to the Federal Bureau of Statistics (FBS). Official trade figures released by the FBS here on Tues
Pakistan's exports witnessed a growth of 35.9 percent to US $2.127 billion in December 2010 as compared to last corresponding period. According to details, the country's exports during December 2010 were valued at US $2.127 billion, which is 35.9 percent
The Federal Board of Revenue (FBR) has made it mandatory for the manufacturers-cum-exporters to claim the federal excise duty (FED) refund under the Expeditious Refund System (ERS). The FBR issued Federal Excise General Order 1 of 2011 issued here on Tues
The Federal Board of Revenue has expressed its inability to provide Pakistan Customs Computerised System (PACCS) online facility to the Sindh Excise and Taxation Department for collection of data pertaining to infrastructure cess at the import stage.