The Federal Board of Revenue (FBR) will be able to impose capital gains tax (CGT) on buying/selling of agricultural land following latest ruling of the Law and Justice Division that, "after amendment in Entry No 50 of Federal Legislative List through the
The Securities and Exchange Commission of Pakistan (SECP) has deplored the reports which give an impression that the recent internal restructuring had abolished the legal function of the SECP and that all legal checks and balances had been removed.
The Securities and Exchange Commission of Pakistan (SECP) has deplored the reports which give an impression that the recent internal restructuring had abolished the legal function of the SECP and that all legal checks and balances had been removed.
The Securities and Exchange Commission of Pakistan (SECP) has deplored the reports which give an impression that the recent internal restructuring had abolished the legal function of the SECP and that all legal checks and balances had been removed.
The Ministry of Finance has made an offer to banks to convert Rs 283 billion of Term Finance Certificates (TFCs) and Rs 114 billion of loans for commodity financing into long-term Pakistan Investment Bonds (PIBs), it is reliably learnt.
The Ministry of Finance has made an offer to banks to convert Rs 283 billion of Term Finance Certificates (TFCs) and Rs 114 billion of loans for commodity financing into long-term Pakistan Investment Bonds (PIBs), it is reliably learnt.
The Ministry of Finance has made an offer to banks to convert Rs 283 billion of Term Finance Certificates (TFCs) and Rs 114 billion of loans for commodity financing into long-term Pakistan Investment Bonds (PIBs), it is reliably learnt.
The Ministry of Finance has made an offer to banks to convert Rs 283 billion of Term Finance Certificates (TFCs) and Rs 114 billion of loans for commodity financing into long-term Pakistan Investment Bonds (PIBs), it is reliably learnt.
A special meeting of the Cabinet on Tuesday approved the devolution of remaining seven ministries under the third and final phase of 18th Constitutional Amendment. These seven ministries included Environment, Food and Agriculture, Health, Labour and Manpo
A special meeting of the Cabinet on Tuesday approved the devolution of remaining seven ministries under the third and final phase of 18th Constitutional Amendment. These seven ministries included Environment, Food and Agriculture, Health, Labour and Manpo
The KSE-100 index on Tuesday lost 102.05 points to close at 12,362.44 points as the investors opted for selling due to concerns over prevailing political situation in the country. The market opened on a negative note and the index hit 12,346.84 points int
The KSE-100 index on Tuesday lost 102.05 points to close at 12,362.44 points as the investors opted for selling due to concerns over prevailing political situation in the country. The market opened on a negative note and the index hit 12,346.84 points int
The KSE-100 index on Tuesday lost 102.05 points to close at 12,362.44 points as the investors opted for selling due to concerns over prevailing political situation in the country. The market opened on a negative note and the index hit 12,346.84 points int
On Tuesday, the BRIndex30 opened at 8,766.50 points and remained in negative throughout the trading session. It touched the intra-day high of 8,766.50 points and low of 8,635.26 points and closed at 8,640.93 points with a net negative change of -125.57 po
On Tuesday, the BRIndex30 opened at 8,766.50 points and remained in negative throughout the trading session. It touched the intra-day high of 8,766.50 points and low of 8,635.26 points and closed at 8,640.93 points with a net negative change of -125.57 po
Vasim Aoun Jaffery, commonly known as V. A. Jaffery, a highly respected name in the country's history of economics and finance, died on Tuesday. He was in his late 80s. He leaves behind wife and two married daughters. His Namaz-e-Janaza will be offered at
Vasim Aoun Jaffery, commonly known as V. A. Jaffery, a highly respected name in the country's history of economics and finance, died on Tuesday. He was in his late 80s. He leaves behind wife and two married daughters. His Namaz-e-Janaza will be offered at
The Organisation of the Islamic Conference, based in the Saudi city of Jeddah, on Tuesday changed its name to the Organisation of Islamic Co-operation. The Islamist world's largest grouping said in a statement that the name change was approved by its 57 m
One of Kabul's leading hotels which is popular with foreigners and government officials is under attack, the head of police criminal investigations in Kabul told AFP Tuesday. Witnesses reported hearing two explosions and said that several gunmen had got i
Afghanistan's central bank governor has resigned and fled to the United States, saying his life is in danger over a corruption probe targeting influential figures connected to the government. President Hamid Karzai's government on Tuesday dismissed the cl
Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Tuesday and the equities registered declines across the board amid increased trading turnover due to selling pressure in all the blue chips. The LSE-25 index was declined to 3048.05 points
Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Tuesday and the equities registered declines across the board amid increased trading turnover due to selling pressure in all the blue chips. The LSE-25 index was declined to 3048.05 points
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 55.33 points, as the Index moved from 2,744.91 to 2689.58 points.
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 55.33 points, as the Index moved from 2,744.91 to 2689.58 points.
The White House and top lawmakers have reached a deal to allow stalled trade pacts with South Korea, Colombia and Panama to move ahead in Congress, officials said Tuesday. The deal will allow a Senate panel to start work on the deals this week, officials
The Securities and Exchange Commission of Pakistan (SECP) has blocked the merger of MCB Asset Investment Company with Arif Habib Asset Management, it is reliably learnt. The merger between the two is expected to create the largest asset management house i
The Securities and Exchange Commission of Pakistan (SECP) has blocked the merger of MCB Asset Investment Company with Arif Habib Asset Management, it is reliably learnt. The merger between the two is expected to create the largest asset management house i
The Securities and Exchange Commission of Pakistan (SECP) has blocked the merger of MCB Asset Investment Company with Arif Habib Asset Management, it is reliably learnt. The merger between the two is expected to create the largest asset management house i
The Securities and Exchange Commission of Pakistan (SECP) has blocked the merger of MCB Asset Investment Company with Arif Habib Asset Management, it is reliably learnt. The merger between the two is expected to create the largest asset management house i
The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on July 1st, 2011 (Friday) which has been declared as Bank Holiday. All Banks/DFIs shall, therefo
The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on July 1st, 2011 (Friday) which has been declared as Bank Holiday. All Banks/DFIs shall, therefo
The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on July 1st, 2011 (Friday) which has been declared as Bank Holiday. All Banks/DFIs shall, therefo
Water and Power Development Authority (Wapda) Chairman Shakeel Durrani, portraying a realistic picture of power shortfall, Tuesday categorically said that the curse of load shedding would be eliminated by 2018.
Water and Power Development Authority (Wapda) Chairman Shakeel Durrani, portraying a realistic picture of power shortfall, Tuesday categorically said that the curse of load shedding would be eliminated by 2018.
Water and Power Development Authority (Wapda) Chairman Shakeel Durrani, portraying a realistic picture of power shortfall, Tuesday categorically said that the curse of load shedding would be eliminated by 2018.
France's Christine Lagarde was named Tuesday to be the first-ever female chief of the IMF, facing an immediate crisis as violent Greek anti-austerity protests rocked eurozone stability. The French finance minister, widely respected for her leadership duri
France's Christine Lagarde was named Tuesday to be the first-ever female chief of the IMF, facing an immediate crisis as violent Greek anti-austerity protests rocked eurozone stability. The French finance minister, widely respected for her leadership duri
France''s Christine Lagarde was named Tuesday to be the first-ever female chief of the IMF, facing an immediate crisis as violent Greek anti-austerity protests rocked eurozone stability. The French finance minister, widely respected for her leadership dur
The Karachi Stock Exchange (KSE) on Tuesday announced that capital value tax (CVT) on purchase of Modaraba certificates and instruments of redeemable capital listed on any stock exchange in Pakistan has been withdrawn from July 1, 2011 through Finance Bil
Youth Leadership Programme-2011 (YLDP), organised under the aegis of All Pakistan Memon Foundation-Educational Board (APMF-EB), has successfully conducted its second session on Effective Communication at National Museum recently.
The Jamaat-e-Islami will participate in the next national and local government elections in a big way and it would mobilise the general public through a mass contact drive during the next three months. This was decided by the JI central election wing at i
A senior US military officer said Tuesday Pakistani leaders show no sign they are ready to crack down on Haqqani militants operating from sanctuaries near the Afghan border, despite repeated US requests. The United States has long demanded Pakistan go aft
The spokesman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has demanded continuation of 3 percent drawback of local taxes and Levis (DLTL) scheme during 2011-12 to sustain growth in country's exports.
Pakistan Muslim League Nawaz (PML-N) has decided to challenge the Azad Jammu and Kashmir (AJK) elections in the Supreme Court. The PML-N leadership took decision to challenge the AJK elections in a meeting held at the Raiwind, chaired by the party head Na
Rejecting results of recently held Azad Jammu and Kashmir Legislative Assembly's election on the pretext of alleged rigging, Pakistan Muslim League-Nawaz (PML-N) on Tuesday demanded fresh polls, hinting at approaching the court for cancellation of polls w
Jamaat-e-Islami chief Syed Munawar Hasan has said that fair elections were impossible under the present rulers. He urged the PML-N chief Mian Nawaz Sharif to launch a joint movement taking all the opposition parties into confidence to expose the rulers an
Provincial Minister for Agriculture Ahmad Ali Aulakh has said that water shortage was hitting the agriculture sector hard and the government would have to build small projects to channelise rainwater for irrigating farmland if early construction of big wa
Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday directed WASA authorities to make arrangements for the rapid and efficient disposal of rainwater during monsoon season. According to an official, the chief minister said that special attention shoul
The process to hire buildings for intending pilgrims in the Kingdom of Saudi Arabia would be completed soon. An official of the Ministry of Religious Affairs told APP that the process of hiring buildings for Hujjaj has been started through a transparent m
Punjab Assembly here on Tuesday gave approval to supplementary budget amid uproar over alleged rigging in Azad Jammu and Kashmir Legislative Assembly's elections. Only three cut motions were submitted by the opposition members against the excessive expend
As the first monsoon rains have lashed upper regions of the country, River Indus at Tarbela and River Kabul at Nowshera are in low flood. According to flood warning centre Lahore, 2,63,000 cusecs water is flowing in River Indus at Tarbela, and 48,700 cuse
Chairman All Pakistan Textile Mills Association (Aptma), Gohar Ejaz has strongly opposed the renewal of contracts for gas supply to the Independent Power Plants (IPPs) under Gas Supply Agreements (GSAs) expiring on June 30th, 2011. The chairman Aptma furt
The Lahore High Court (LHC) here on Tuesday restrained National Highway Authority (NHA) from allowing fresh NOCs for the construction of any structure alongside the national highways and sought reply within fortnight. The court passed these orders in a pe
A delegation of British High Commission, comprising Political Secretary Ben Stride, Ms Ireen William, Ms Tasha and Naveed Ahmed visited Multan city on Tuesday and met the president of Multan Chamber of Commerce & Industry (MCCI), Shahid Naseem Khokhar.
Chairman National Vocational & Technical Education Commission (NAVTEC) M. Mumtaz Akhtar Kahloon has announced that NAVTEC will provide funds for the construction of rooms for the calligraphy institute run by Pakistan Calligraph Artist Guild near Gaddafi S
The Sui Southern Gas Company (SSGC) has received 17 Expressions of Interest (EOIs) from different parties on its invitation for import of liquefied natural gas (LNG) under a 'third-party access regime'.
British High Commissioner to Pakistan Adam Thomson on Tuesday said that his country was trying its level best to help Pakistan get access to European market, which was a crucial issue. Talking to a high-profile delegation comprised VP Saarc CCI Iftikhar A
At least four personnel of Law Enforcement Agency were killed and five others sustained injuries in a road mishap in Dera Bugti area on Tuesday. Levis Force official said that a vehicle carrying personnel of law enforcement agency to Sui from Dera Bugti w
Chief Minister, Khyber Pakhtunkhwa, Ameer Haider Khan Hoti, has taken notice of growing incidents of police torture and maltreatment against journalists and sought immediate report in this regard. The chief minister also directed the Inspector General of
The Supreme Court was informed on Tuesday that Balochistan Government had paid a total of Rs 456.417 million as compensation to the legal heirs of the victims of targeted killing, sectarian violence and explosions as well as to the loss of properties from
