Apropos a news item titled "US bill on Balochistan interference in Pak affairs: Firdous" carried by Business Recorder on February 18. The response of our government has not been as strong as it should have been. The three US lawmakers who moved the
Iran appears to be prepared for the worst in the row over its nuclear programme, even if it is still also pinning hopes on diplomacy. There will be no rapid solution to the conflict, analysts agree. The current, second, mission by observers from the Unite
Wondrously, on a sub-glacial level at least, the author has acquired the skills to embark upon a career as a movie scriptwriter. To satisfy the skeptics, who else has the capability to crucify a theme simply by creating sequels upon sequels? Verily, the a
Petroleum Policy 2012 has been cleared by the Council of Common Interest with some changes and adjustments. Overall, it is a good forward-looking policy providing requisite incentives to the exploration companies. However, fast track implementation would
Just as a government-backed peace accord between the Shia and Sunni communities of Parachinar seemed to be making progress, a suicide bomber struck in the Kurrmi Bazaar soon after Friday prayers, killing at least 23 people, including three children, and i
For a sit-in, the Difa-e-Pakistan (Defence of Pakistan) Council gathering in the heart of Islamabad on Monday was an impressive show of force. But for the continuous drizzle and absence of some of its charismatic leaders, who were refused entry to the cit
Prime Minister Yousuf Raza Gilani believes that 500 million cubic feet import of Liquefied Natural Gas (LNG) would help the country's powerhouses generate 2500 megawatts of electricity to bridge the present 7500 MW supply-demand gap. One can only hope tha
Gender-Based Violence (GBV) in Pakistan can result in significant increase in crime rate and can lead to imbalanced society, leaving the women folk to deal with emotional, mental and psychological traumas. This was the crux of the seminar titled 'Awarenes
Khyber Pakhtunkhwa Minister for Information and Culture, Mian Iftikhar Hussein Tuesday said that after 18th Constitutional Amendment, preparation of syllabus had become a provincial subject, saying the government has decided to revisit the syllabus to bri
The Damage Need Assessment (DNA) report compiled by the Asian Development Bank and the World Bank would be presented to the Economic Affairs Division (EAD) within next 4-5 days after which final decision regarding its launch would be taken. Chairman Natio
Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan on Tuesday criticised Pakistan People's Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) for the passage of 20th Constitutional Amendment from the parliament, terming it a worst kind of horse trading by
Senators, Abbas Khan Afridi, Engineer Rahid Ahmed Khan, Muhammad Idrees Khan Safi and Haji Khan Afridi called on Prime Minister Syed Yousuf Raza Gilani at PM House here on Tuesday and apprised him of the on-going development projects in their respective a
Prime Minister Syed Yousuf Raza Gilani on Tuesday called for coordinated efforts for skill development and scaling up of training programmes to help provide jobs to the unemployed.
Jamaat-e-Islami (JI) Chief Syed Munawar Hassan on Tuesday cautioned the government that the continued injustice being meted to the relatives of missing persons could promote extremism in the country and urged the government to ensure early recovery of the
The Malaysian government has donated $1 million to be utilised by MERCY Malaysia, a leading Malaysian relief agency, to undertake various projects in Sindh to alleviate the sufferings of flood-hit people, Pakistan High Commission in Kuala Lumpur told B
Any move of the Federal Board of Revenue to make it mandatory for exchange companies to submit tax exemption certificates of the Commissioner Inland Revenue for non-payment of 0.3 percent withholding tax on cash withdrawal from banks would not help in exe
Etihad Airways, The Destination Management Company of Etihad Airways - "Hala Abu Dhabi" is presenting these fully-loaded packages for concert goers. Hala Abu Dhabi will offer a variety of packages for sale from February 27, when tickets will go on sale to
Karachi Metro-politan Corporation will fully cooperate in the holding of Aalmi Mushaira on 22nd March in the city. This was stated by Administrator KMC Muhammad Hussain Syed while talking to a delegation of Saknan-e-Shehr-e-Quaid Mushaira Committee.
Karachi electronics dealers (Irfan Group) has demand immediate election of Karachi Electronics Dealers Association (Keda), as the office bearers has completed three years terms. Addressing a press conference on Tuesday, Muhammad Irfan former president Ked
The decision to affiliate 19 colleges with the newly-established Benazir Bhutto Shaheed University, Lyari is being criticised widely by the students and teachers, as the move is said to be political rather academic. Sindh Education department has directed
A 30-year-old man was killed while another was injured near Madina Colony in the limits of F B area police station here on Tuesday. According to police, Tariq, 30, was targeted by one Imran at Madina Colony in F B Area. Resultantly the victim received sev
Secretary to Culture Department, Government of Sindh, Abdul Aziz Uqaili has said that an amount of Rs 100 million has been got sanctioned for Moen-jo-Daro and his department is going to execute only devolved scheme namely Master Plan for Rehabilitation an
The authorities of Pakistan Institute of Tourism & Hotel Management (PITHM) have moved application for affiliation of the institute with Karachi University, instead of upgrading it as university as earlier planned, Business Recorder has learnt. Fol
The profit after tax of Wyeth Pakistan Limited has increased to Rs 175.320 million in the year ended November 30, 2011 as compared to Rs 26.459 million earned in the year 2010. The company's earning per share increased to Rs 123.33 in the period under rev
The profit after tax of Wyeth Pakistan Limited has increased to Rs 175.320 million in the year ended November 30, 2011 as compared to Rs 26.459 million earned in the year 2010. The company's earning per share increased to Rs 123.33 in the period under rev
The profit after tax of Service Industries Limited has increased to Rs 433.368 million in the year ended December 31, 2011 as compared to Rs 328.105 million earned in the year 2010. The company's earning per share increased to Rs 36.03 in the period under
The profit after tax of Service Industries Limited has increased to Rs 433.368 million in the year ended December 31, 2011 as compared to Rs 328.105 million earned in the year 2010. The company's earning per share increased to Rs 36.03 in the period under
Bank Al Habib Limited (BAHL) has posted Rs 4.533 billion profit after tax in the year 2011 against Rs 3.602 billion earned in 2010. The bank's earning per share increased to Rs 5.16 in the period under review against Rs 4.10 in the same period a year back
Bank Al Habib Limited (BAHL) has posted Rs 4.533 billion profit after tax in the year 2011 against Rs 3.602 billion earned in 2010. The bank's earning per share increased to Rs 5.16 in the period under review against Rs 4.10 in the same period a year back
Mrs Shamsa Hashmi, the wife of the advertising legend (late) Syed Haseen Hashmi, inaugurated Hashmi Media Institute on Tuesday. Hashmi Media Institute, a subsidiary of Hashmi Media Welfare Trust, is located on the second floor of Orient Advertising (Pvt)
Administrator KMC Muhammad Hussain Syed has issued orders for suspension of service of Executive Engineer Korangi Division KDA Wing Abdul Jabbar Mangi for committing negligence in his duties. Senior Director HRM Najmuddin Sikandar was directed to take the
Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has convened a joint meeting of all Punjab Chambers of Commerce on February 29, to discuss the issues relating to suspension of gas supply to the industries, increasing load shedding and prev
The profit after tax of United Bank Limited has increased to Rs 15.499 billion in the year ended December 31, 2011 as compared to Rs 11.159 billion earned in the year 2010. The bank's earning per share increased to Rs 12.66 in the period under review agai
The profit after tax of United Bank Limited has increased to Rs 15.499 billion in the year ended December 31, 2011 as compared to Rs 11.159 billion earned in the year 2010. The bank's earning per share increased to Rs 12.66 in the period under review agai
Net loss of Karachi Electric Supply Company (KESC) has reduced to Rs 2.835 billion in the six-month period ended December 31, 2011 as compared to a loss of Rs 3.115 billion in the corresponding period in 2010. The company's per share loss stood at Re 0.13
The provincial government of Khyber Pakhtunkhwa (KP) has decided to finance the establishment of 100 schools in 25 districts as pilot project under its public-private partnership programme in education sector. According to senior officials in provincial g
Prime Minis-ter Syed Yousuf Raza Gilani on Tuesday constituted a committee consisting Leader of the House in Senate, Syed Nayyar Hussain Bokhar, Minister for Kashmir Affairs, Mian Manzoor Ahmed Watto, Minister for Textile Industry, Makhdoom Shahbuddin, Mi
The contract employees of National Database Regulatory Authority (Nadra) have taken to the streets for the last two days across the country for failure of the government to heed their demands due to which people are facing severe problems in getting their
Ministry of Commerce (MoC) is likely to eschew its commitment submitted to the Islamabad High Court (IHC) by extending the tenure of three politically-appointed trade officers at Brussels, Santiago and Prague due to immense political pressure.
A draft resolution has been submitted to the Senate, seeking the Upper House to condemn the increasing US interference in Pakistan's internal affairs, describing drone strikes and violation of the country's air space as virtual acts of war.
PML-N Provincial leader, Farid Toofan has warned that they will move court against the proposed privatisation of Bank of Khyber (BoK) and asked the provincial government to refrain from such anti-worker step, otherwise a full-fledged protest campaign woul
The agreement between Pakistan and India on reducing the risk from accidents relating to nuclear weapons came into force on Tuesday has been extended for another five-year of term.
As a part of its mandate to monitor the listed and unlisted companies to safeguard the investors' interest, the Enforcement Department of the SECP has penalised a number of companies, their directors and statutory auditors for non-compliance with the corp
The Ministry of Petroleum and Natural Resources has no natural gas demand management plan other than loadshedding and increasing gas prices. Muhammad Ijaz Chaudhary, Secretary Petroleum Ministry while talking to Business Recorder on natural gas dem
Import of rice from India and promotion of hybrid rice by the private sector instead of Basmati rice would badly curtail rice exports through which the national exchequer earns nearly $3 billion every year. production of rice in the current year in the co
The Ministry of Textile Industry has refused to withdraw its reservations over the negative list for India prepared by the Commerce Ministry, well informed sources told Business Recorder. "We have decided to resist Commerce Ministry on the one-side
The 'International Mother Language Day' was observed here on Tuesday like other parts of the world with a resolve to continue efforts to promote local languages, as local languages can leave a positive impact on education as the medium of instructions at
The Sindh Assembly through a unanimously adopted resolution recommend to Sindh government to ensure that Karachi University establishes at least two campuses in Naushero Feroz and Tharparkar districts to impart higher education to the people of the rural
Non Performing Loans (NPLs) of Development Finance (DF) sector registered a growth of 1.6 percent to reach new historical level of Rs 165 billion at the end of first quarter of current fiscal year mainly attributed to the prevailing economic slowdown, pow
Dr Abdul Hafeez Sheikh, Advisor to the Prime Minister on Finance, Revenue, Economic Affairs, Planning and Development briefed the prime minister on the state of economy and the preparation for the forthcoming budget on Tuesday.
Retail sales in Canada dropped for the first time in five months in December, slipping by 0.2 percent from November on limp holiday shopping and weakness in the auto sector, Statistics Canada said on Tuesday.
India's top vehicle maker Tata Motors has selected a partner to build an assembly plant for its luxury British car brands Jaguar and Land Rover in China, a senior executive said on Tuesday.
Japan is close to agreement with Washington on the size of cuts refiners must make in imports of Iranian crude oil to win waivers from US sanctions, two ministers said on Tuesday after a media report the two sides would settle on an 11 percent cut.The Yom
German farming company Ekosem-Agrar plans to raise money in Germany this year to finance further expansion of dairy farming in Russia, its joint chief executive said on Tuesday.
The number of European guests spending the night in a Swiss hotel dropped 7.3 percent last year, with Germans leading the slide at 10 percent, as the strong Swiss franc lessened the appeal of an Alpine holiday.
Indian consumer prices rose 7.65 percent in the year to January, higher than wholesale inflation for the period but still suggesting price pressures were moderating, adding weight to views that the central bank has room to cut interest rates.
Activists from China's Muslim Uighur minority burnt Chinese flags in Ankara on Tuesday as China's leader-in-waiting Xi Jinping began talks with Turkish officials on regional issues.
Oil companies in Nigeria are battling against a rising theft that is costing them an estimated 150,000 barrels of crude each day, an oil major official said on Tuesday.
Eurozone consumer confidence rose for the second consecutive month in February as Europeans showed timid signs of increased spending after last year's collapse in morale.
Dutch freight and delivery group TNT Express posted weaker-than-expected results and highlighted a bleak economic outlook, undermining its attempts to extract a higher price from suitor United Parcel Service and attract others.
UBS is using its 150th anniversary to try to rebuild an image tarnished by a $2 billion trading scandal that struck just as Switzerland's biggest bank was starting to win back client trust after its near collapse in 2008.
A meeting was held here on Tuesday under the chairmanship of Dr Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue, which was attended by the Deputy Chairman Planning Commission, Chairman FBR, Secretary Finance, Secretary EAD and offici
At least two persons were killed in separate incidents at various parts of the metropolis here on late Tuesday. According to police, an elderly man was shot dead in Rasheedabad, Baldia in the precincts of Site B police station. The victim, who was identif
Pakistan Muslim League-Nawaz (PML-N) Deputy Secretary-General on Tuesday claimed that education, energy and exports (3Es) will be the key thrust areas of the party's future economic programme.
The Board of Directors of MCB Bank Limited declared cash dividend of Rs 3.0 (December 31, 2010: cash dividend Rs 3.0 per share) and bonus issue of 10 percent (December 31, 2010: 10 percent) for the period ended December 31, 2011, in addition to interim ca
The Board of Directors of MCB Bank Limited declared cash dividend of Rs 3.0 (December 31, 2010: cash dividend Rs 3.0 per share) and bonus issue of 10 percent (December 31, 2010: 10 percent) for the period ended December 31, 2011, in addition to interim ca
The Federal Board of Revenue has devised a new performance reporting system of the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to regularly update Advisor to the Prime Minister on Finance, Dr Abdul Hafeez Sheikh on the revenue collected by
The Lahore High Court on Tuesday directed to Divisional Superintendent Railways to hand over the lease land to the petitioner. The petitioner, Ghulam Farid, contended that railway had leased him a piece of land measuring sex acres in 2005.
Zahid Bukhari, the lawyer of Pakistan's former envoy to the US Hussain Haqqani, on Tuesday changed his plans for UK visit at the eleventh hour. Talking to Business Recorder, an associate of Zahid Bukhari, Ali Bukhari, said that Zahid had been issued visa
The National Assembly's Standing Committee on Railways on Tuesday expressed serious concerns over the procurement of 69 locomotives in violation of Public Procurement Regulatory Authority (PPRA) rules and referred the case to National Accountability Burea
Power Distribution Companies (Discos) have reportedly pledged 33 percent of their bills' recovery from consumers to the federal government for five years to pay Rs 151 billion loan facility arranged through debt swap deals with banks, well informed source
Foreign Minister Hina Rabbani Khar called upon the British businessmen to take advantage of the incentives offered by the government and invest in Pakistan. The Foreign Minister was speaking during a business roundtable here, which she co-chaired with Bri
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday has strongly condemned the resolution proposed by the US Congress on Balochistan and said that it is an attack on Pakistan's sovereignty. Imran Khan said that Balochistan is a serious and sensi
The issue of jurisdiction for levy and collection of sales tax on supplies/services provided by restaurants has arisen after issuance of notices by Federal Board of Revenue (FBR) to restaurants registered with Sindh Board of Revenue (SRB).
A petition was filed in the Supreme Court on Tuesday, seeking contempt of court proceedings against the Inter Services Public Relations (ISPR) Director General Major General Athar Abbas for his alleged interference in a subjudice matter involving illegal
A petition was filed in the Supreme Court on Tuesday, seeking contempt of court proceedings against the Inter Services Public Relations (ISPR) Director General Major General Athar Abbas for his alleged interference in a subjudice matter involving illegal
The prices of petroleum products are expected to increase up to Rs 7.30 per litre after the Arabian Light crude oil prices touched an 11-month high. A presentation by Oil and Gas Regulatory Authority (Ogra) to be made before the special parliamentary comm
The prices of petroleum products are expected to increase up to Rs 7.30 per litre after the Arabian Light crude oil prices touched an 11-month high. A presentation by Oil and Gas Regulatory Authority (Ogra) to be made before the special parliamentary comm
The prices of petroleum products are expected to increase up to Rs 7.30 per litre after the Arabian Light crude oil prices touched an 11-month high. A presentation by Oil and Gas Regulatory Authority (Ogra) to be made before the special parliamentary comm
The government has decided to borrow around $600 million from the Islamic Development Bank to enable itself to pay back the International Monetary Fund''s first instalment of $1.2 billion due this month, well informed sources revealed to this corresponden
The government has decided to borrow around $600 million from the Islamic Development Bank to enable itself to pay back the International Monetary Fund's first instalment of $1.2 billion due this month, well informed sources revealed to this correspondent
The government has decided to borrow around $600 million from the Islamic Development Bank to enable itself to pay back the International Monetary Fund's first instalment of $1.2 billion due this month, well informed sources revealed to this correspondent
The second batches of two modified P3C aircraft were inducted into Pakistan Navy (PN) fleet at Naval Aviation Base in Karachi. An ISPR (Navy) press release issued on Tuesday said that the aircraft modified with latest avionics/ sensors are part of US assi
The second batches of two modified P3C aircraft were inducted into Pakistan Navy (PN) fleet at Naval Aviation Base in Karachi. An ISPR (Navy) press release issued on Tuesday said that the aircraft modified with latest avionics/ sensors are part of US assi
At least 46 journalists were killed in 2011, with Pakistan the deadliest country for the second year running, a rights group said Tuesday. The New York-based Committee to Protect Journalists said deaths during dangerous assignments - such as covering stre
At least 46 journalists were killed in 2011, with Pakistan the deadliest country for the second year running, a rights group said Tuesday. The New York-based Committee to Protect Journalists said deaths during dangerous assignments - such as covering stre
Foreign Minister Hina Rabbani Khar on Tuesday urged Washington to establish a "predictable, transparent and sustainable" relationship ahead of a meeting with US Secretary of State Hillary Clinton to repair damaged ties. Khar said she would meet Clinton in
Foreign Minister Hina Rabbani Khar on Tuesday urged Washington to establish a "predictable, transparent and sustainable" relationship ahead of a meeting with US Secretary of State Hillary Clinton to repair damaged ties. Khar said she would meet Clinton in
Pakistan Mercantile Exchange Limited (PMEX) has announced the commencement of trading in the sugar futures contract. PMEX has currently three contracts for one to three months, which will be matured in March, April and May respectively this year. Initiall
Pakistan Mercantile Exchange Limited (PMEX) has announced the commencement of trading in the sugar futures contract. PMEX has currently three contracts for one to three months, which will be matured in March, April and May respectively this year. Initiall
Pakistan Mercantile Exchange Limited (PMEX) has announced the commencement of trading in the sugar futures contract. PMEX has currently three contracts for one to three months, which will be matured in March, April and May respectively this year. Initiall
Iran would take pre-emptive action against its enemies if it felt its national interests were endangered, the deputy head of the Islamic Republic's armed forces was quoted by a semi-official news agency as saying on Tuesday. "Our strategy now is that if w
Iran would take pre-emptive action against its enemies if it felt its national interests were endangered, the deputy head of the Islamic Republic's armed forces was quoted by a semi-official news agency as saying on Tuesday. "Our strategy now is that if w
Chinese automaker Great Wall Motor Co Ltd opened its first European factory on Tuesday as part of its strategy to lift sales in the region. The plant in the Bulgarian town of Lovech will assemble 50,000 units of Great Wall''s Hover SUV, Steed pick-up and
Chinese automaker Great Wall Motor Co Ltd opened its first European factory on Tuesday as part of its strategy to lift sales in the region. The plant in the Bulgarian town of Lovech will assemble 50,000 units of Great Wall's Hover SUV, Steed pick-up and V
Chinese automaker Great Wall Motor Co Ltd opened its first European factory on Tuesday as part of its strategy to lift sales in the region. The plant in the Bulgarian town of Lovech will assemble 50,000 units of Great Wall's Hover SUV, Steed pick-up and V
Afghan President Hamid Karzai on Tuesday invited the Taliban leadership to direct talks with his government, while urging Pakistan to facilitate negotiation efforts towards ending 10 years of war. "In order to realise the objectives of the peace process,