The KSE-100 index on Monday gained 76.11 points to close at 12,560.28 points on the back of both local and foreign investors'' support. After positive opening, the index dropped in deep red at 12,388.24 points intra-day low level. But fresh buying after m
On Monday, the BRIndex30 opened at 8,631.77 points. It touched the intra-day high of 8,662.98 points and low of 8,504.08 points, and closed at 8,654.40 points with a net positive change of 22.63 points, or 0.26 percent higher than previous close. The volu
On Monday, the BRIndex30 opened at 8,631.77 points. It touched the intra-day high of 8,662.98 points and low of 8,504.08 points, and closed at 8,654.40 points with a net positive change of 22.63 points, or 0.26 percent higher than previous close. The volu
The federation and all the four provinces have agreed to apply a uniform rate of 19.5 percent sales tax on telecommunication services from August 1, 2011 for which amendments would be introduced in provincial laws in next 10-15 days. Sources told Busin
The federation and all the four provinces have agreed to apply a uniform rate of 19.5 percent sales tax on telecommunication services from August 1, 2011 for which amendments would be introduced in provincial laws in next 10-15 days. Sources told Busin
The federation and all the four provinces have agreed to apply a uniform rate of 19.5 percent sales tax on telecommunication services from August 1, 2011 for which amendments would be introduced in provincial laws in next 10-15 days. Sources told Busin
The State Bank of Pakistan on Monday urged the government for desirable revenue generating measures like broadening of the tax base, improving documentation of the economic system, elimination of un-targeted subsidies and curtailment of quasi-fiscal opera
The State Bank of Pakistan on Monday urged the government for desirable revenue generating measures like broadening of the tax base, improving documentation of the economic system, elimination of un-targeted subsidies and curtailment of quasi-fiscal opera
The State Bank of Pakistan on Monday urged the government for desirable revenue generating measures like broadening of the tax base, improving documentation of the economic system, elimination of un-targeted subsidies and curtailment of quasi-fiscal opera
The State Bank of Pakistan has said that growth of credit to the private sector was slightly lower, at 3.4 percent, during Jul-May period of fiscal year 2010-11 compared to 3.6 percent over the same period of FY10, and that there is hardly any credit dema
The State Bank of Pakistan has said that growth of credit to the private sector was slightly lower, at 3.4 percent, during Jul-May period of fiscal year 2010-11 compared to 3.6 percent over the same period of FY10, and that there is hardly any credit dema
The State Bank of Pakistan has said that growth of credit to the private sector was slightly lower, at 3.4 percent, during Jul-May period of fiscal year 2010-11 compared to 3.6 percent over the same period of FY10, and that there is hardly any credit dema
FY11 proved to be another difficult year for Pakistan's economy and against the target of 4.5 percent, the country could post a growth of 2.4 percent growth. This was even weaker than the 3.9 percent achieved in FY10, according to the State Bank's Third Q
FY11 proved to be another difficult year for Pakistan's economy and against the target of 4.5 percent, the country could post a growth of 2.4 percent growth. This was even weaker than the 3.9 percent achieved in FY10, according to the State Bank's Third Q
FY11 proved to be another difficult year for Pakistan''s economy and against the target of 4.5 percent, the country could post a growth of 2.4 percent growth. This was even weaker than the 3.9 percent achieved in FY10, according to the State Bank''s Third
The State Bank of Pakistan on Monday said inflation outlook was not very encouraging and broad-based inflationary pressures were suggesting that inflation had permeated to most sectors and will be difficult to curtail in the short run.
The State Bank of Pakistan on Monday said inflation outlook was not very encouraging and broad-based inflationary pressures were suggesting that inflation had permeated to most sectors and will be difficult to curtail in the short run.
Nestle Pakistan Limited (NPL), formerly known as Nestle Milkpak Limited, is a subsidiary of Nestle SA. - a company of Swiss origin headquartered in Vevey, Switzerland. It is listed on the Karachi and Lahore stock exchanges. For 9 years in a row, the compa
The State Bank of Pakistan on Monday said inflation outlook was not very encouraging and broad-based inflationary pressures were suggesting that inflation had permeated to most sectors and will be difficult to curtail in the short run.
Nestle Pakistan Limited (NPL), formerly known as Nestle Milkpak Limited, is a subsidiary of Nestle SA. - a company of Swiss origin headquartered in Vevey, Switzerland. It is listed on the Karachi and Lahore stock exchanges. For 9 years in a row, the compa
"There are real risks of reversal in Pakistan's external sector performance;" states SBP's Third Quarterly Report for FY11. The central bank has picked up the ailment aptly as the fragility of the Balance of Payments (BoP) cannot be over emphasised. The c
Firmness prevailed on the currency market as the rupee held the weekend level against dollar during the day, money experts said. The rupee managed to retain the weekend levels versus dollar for buying and selling at 85.90 and 85.95, they said.
"There are real risks of reversal in Pakistan's external sector performance;" states SBP's Third Quarterly Report for FY11. The central bank has picked up the ailment aptly as the fragility of the Balance of Payments (BoP) cannot be over emphasised. The c
Firmness prevailed on the currency market as the rupee held the weekend level against dollar during the day, money experts said. The rupee managed to retain the weekend levels versus dollar for buying and selling at 85.90 and 85.95, they said.
"There are real risks of reversal in Pakistan''s external sector performance;" states SBP''s Third Quarterly Report for FY11. The central bank has picked up the ailment aptly as the fragility of the Balance of Payments (BoP) cannot be over emphasised. The
Bulls dominated the proceedings at the Lahore Stock Exchange (LSE) where equities registered gains amid ascending transaction volume on Monday. The LSE-25 index moved up to 3094.15 points against 3050.21 points of last trading day, showing an increment of
Bulls dominated the proceedings at the Lahore Stock Exchange (LSE) where equities registered gains amid ascending transaction volume on Monday. The LSE-25 index moved up to 3094.15 points against 3050.21 points of last trading day, showing an increment of
Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 36.48 points as the ISE Ten Index moved from 2,718.17
Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 36.48 points as the ISE Ten Index moved from 2,718.17
Punjab Chief Minister Shahbaz Sharif on Monday held a meeting with Muttahida Qaumi Movement (MQM) convenor Dr Farooq Sattar, a private TV channel reported. According to the channel, both the leaders met in London and discussed present political situation
Abu Dhabi's ruler granted more than 1,200 residential plots to Emiratis in the west of the country, the state news agency WAM said, the latest in a string of handouts since turmoil spread across the region. The United Arab Emirates has been spared the pro
The Election Commission of Pakistan (ECP) informed the Supreme Court on Monday that as many as 37.1 million fake voters' names have been removed from the system of National Database Registration Authority (Nadra) whereas 36 million new voters registered a
The Election Commission of Pakistan (ECP) informed the Supreme Court on Monday that as many as 37.1 million fake voters' names have been removed from the system of National Database Registration Authority (Nadra) whereas 36 million new voters registered a
Privatisation Commission on Monday formally announced that the government has postponed Exchangeable Bonds of Oil and Gas Development Company Limited (OGDCL) worth $500 million indefinitely due to unfavourable conditions.
Privatisation Commission on Monday formally announced that the government has postponed Exchangeable Bonds of Oil and Gas Development Company Limited (OGDCL) worth $500 million indefinitely due to unfavourable conditions.
Privatisation Commission on Monday formally announced that the government has postponed Exchangeable Bonds of Oil and Gas Development Company Limited (OGDCL) worth $500 million indefinitely due to unfavourable conditions.
Privatisation Commission on Monday formally announced that the government has postponed Exchangeable Bonds of Oil and Gas Development Company Limited (OGDCL) worth $500 million indefinitely due to unfavourable conditions.
The Lahore High Court (LHC) adjourned hearing on a petition against the Religious Affairs Secretary Shaukat Hayat Durrani and Director General Hajj Syed Abu Akif for defying the court orders regarding cancellation of quota allotted to private Hajj group o
The Pakistan army said on Monday it had launched an air and ground offensive in Kurram region on the Afghan border, its first major military operation since the May 2 killing of Osama bin Laden. Army spokesman Major General Athar Abbas gave few details of
The Pakistan army said on Monday it had launched an air and ground offensive in Kurram region on the Afghan border, its first major military operation since the May 2 killing of Osama bin Laden. Army spokesman Major General Athar Abbas gave few details of
The Economic Co-ordination Committee (ECC) of the Cabinet has set aside the observations of Cabinet Division and Water and Power Development Authority (Wapda) for the award of 1100 mw Kohala Hydropower Project to China International Water and Electrical C
The National Implementation Watch Committee (NIWC) will launch a web-based national database to provide access to the latest developments about implementation of Anti-Sexual Harassment Act 2010 on Tuesday. NIWC Chairperson Fauzia Saeed told APP on Monday
US Ambassador to Pakistan, Cameron Munter on Monday said Pakistan and the United States are going through a rough patch in relations, but the two aspire toward common goals - peace, freedom, tolerance and democracy. Addressing a reception in connection wi
Karachi Electric Supply Company (KESC) has welcomed the decision of the Economic Co-ordination Committee of the federal cabinet to increase gas supply to KESC, and expressed hope that these decisions will be implemented as soon as possible in letter and s
Ghazal singer Adeel Barki and the dance performer Rimsha enthralled the audiences belong to different walks of life a day before in musical night organise by a five star hotel in Rawalpindi, says a press release issued here on Monday. The dancer and the g
Chaudhry Manzoor Ahmed, president Peoples Labour Federation (PLF) and former MNA, Monday urged the government to ratify and implement the ILO Convention on domestic workers in letter and in spirit, which is aimed at improving working conditions of million
The Supreme Court on Monday adjourned the hearing on petitions, praying for leave to appeal to set aside Lahore High Court verdict against the distribution of quota under the Hajj Policy 2011 for Tuesday (today). A four-member special bench comprising Jus
The Khyber Pakhtunkhwa government will take up issue of power tariff with the federal government for provision of cheaper electricity to masses in the province. The provincial government is focusing to meet growing energy needs by initiating different hyd
Commander Southern Command Lieutenant General Javed Zia has said that there is no operation being carried out by army in any parts of the province. Law and order situation in the province is, though not satisfactory but one can notice much improvement com
Prime Minister Syed Yousuf Raza Gilani on Monday said the government would support the Kashmir cause at all international fora and would use diplomatic means to highlight the issue. He said Pakistan Peoples Party is committed to continue moral, diplomatic
Meteorological Department of Pakistan on Monday forecast a temporary halt in the monsoon rain for the next 36 to 48 hours, as dry weather is expected in most parts of the country. However, the office predicts more isolated rain and thundershower in Kashmi
Unknown armed men blew up an eight-inch diameter gas pipeline in Dera Bugti on Monday. "Unknown men attached an explosive material with a pipeline in Pirkoh gas field and blew it up", police said. The sabotage act caused suspension of gas supply to the pl
The Federal Board of Revenue (FBR) Member Inland Revenue Khawar Khurshid Butt said on Monday that the FBR has given July 31, 2011 deadline to the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to ensure completion of po
The counsel for renowned nuclear scientist Dr Abdul Qadeer Khan has submitted reply in Islamabad High Court (IHC) on a plea against him seeking restrictions on his free movement and for the implementation of IHC order of February 6, 2009.
Governor, Khyber Pakhtukhwa, Barrister Masood Kausar, has said that as a result of successful military operations, normalcy have been restored in Malakand Division as well as most parts of Fata, while action against militants in certain parts of Fata is s
Working in conjunction with the Federal Board of Revenue, the Securities and Exchange Commission of Pakistan, through the Finance Act 2011-12, got the taxation regime for capital markets, corporate and non-banking financial sectors reformed.
In line with the Saudi Aramco Contract Price of July, LPG producers have increased prices from Rs 75,500 to Rs 83,500 per ton (inclusive of all taxes) with effect from 3rd July, 2011. This increase will translate into an increase of Rs 95 per domestic cyl
During its ongoing drive against outlaws, Islamabad Police busted 279 gangs and arrested a total of 945 persons for their alleged involvement in different crimes, said a spokesman of Islamabad Police here on Monday.
Federal Minister for Water and Power Naveed Qamar on Monday said that the government had no option but to shift the increase in oil prices to the consumers in the shape of high power tariff. He was talking to media during his visit to Nespak House in Laho
The prices of diesel, kerosene and LPG were higher in Pakistan, Sri Lanka and Nepal compared to India, Bangladesh and Bhutan, data collected by Business Recorder revealed. Diesel costs Rs 92.10 per litre in Pakistan and is available at Rs 71.69 Pak
Prime Minister Syed Yousuf Raza Gilani on Monday said that Pakistan enjoyed cordial brotherly relations with Saudi Arabia as it had always stood with Pakistan through thick and thin. He was talking to Interior Minister Rehman Malik here at the PM House. M
Pakistan High Commission in Malaysia has advised Pakistani nationals to guard themselves against the agent mafia trying to misinterpret and misuse the Illegal Workers Management Programme under consideration by the Malaysian government. According to detai
Professor Dr Adibul Hasan Rizvi said despite organ and tissue transplantation law in the country, illegal trade of organs is still going on. He was addressing a press conference organised by Transplantation Society of Pakistan (TSP) here on Monday. On mul
Amnesty Scheme should be extended to July 9 and Tax base should be broadened instead a burden on the exciting taxpayers. The taxpayers should avail the amnesty scheme offered by Federal Board of Revenue (FBR) by waiving penalties and surcharges on all ove