Prime Min-ister Raja Pervez Ashraf Friday directed the Ministry of Water and Power to ensure optimum electricity generation for uninterrupted power supply to consumers. The Prime Minister also asked the Ministry of Water and Power to constantly monitor th
Prime Min-ister Raja Pervez Ashraf Friday directed the Ministry of Water and Power to ensure optimum electricity generation for uninterrupted power supply to consumers. The Prime Minister also asked the Ministry of Water and Power to constantly monitor th
Pakistan will import 2,600 megawatts of electricity from Iran, Tajikistan, Kyrgyzstan and India in a bid to overcome power shortages, Minister for Water and Power Chaudhry Ahmed Mukhtar told the National Assembly on Friday. Giving the break-up in this reg
Pakistan will import 2,600 megawatts of electricity from Iran, Tajikistan, Kyrgyzstan and India in a bid to overcome power shortages, Minister for Water and Power Chaudhry Ahmed Mukhtar told the National Assembly on Friday. Giving the break-up in this reg
Pakistan will import 2,600 megawatts of electricity from Iran, Tajikistan, Kyrgyzstan and India in a bid to overcome power shortages, Minister for Water and Power Chaudhry Ahmed Mukhtar told the National Assembly on Friday. Giving the break-up in this reg
The Federal Board of Revenue (FBR) has imposed 2 percent sales tax on five export-oriented sectors - textile, leather, surgical, carpets and sports from March 1, 2013. The FBR has amended SRO.1125(I)/2011 through an SRO.154(I)/2013 on Friday to bring supp
The Federal Board of Revenue (FBR) has imposed 2 percent sales tax on five export-oriented sectors - textile, leather, surgical, carpets and sports from March 1, 2013. The FBR has amended SRO.1125(I)/2011 through an SRO.154(I)/2013 on Friday to bring supp
The Federal Board of Revenue (FBR) has imposed 2 percent sales tax on five export-oriented sectors - textile, leather, surgical, carpets and sports from March 1, 2013. The FBR has amended SRO.1125(I)/2011 through an SRO.154(I)/2013 on Friday to bring supp
The Federal Board of Revenue (FBR) has imposed 2 percent sales tax on five export-oriented sectors - textile, leather, surgical, carpets and sports from March 1, 2013. The FBR has amended SRO.1125(I)/2011 through an SRO.154(I)/2013 on Friday to bring supp
The government has finalised contours of budget for next fiscal year envisaging 4.5 percent GDP growth, 5 percent fiscal deficit and a total outlay of around Rs 3.175 trillion, it is reliably learnt. Sources told Business Recorder that Budget Strat
The government has finalised contours of budget for next fiscal year envisaging 4.5 percent GDP growth, 5 percent fiscal deficit and a total outlay of around Rs 3.175 trillion, it is reliably learnt. Sources told Business Recorder that Budget Strat
The government has finalised contours of budget for next fiscal year envisaging 4.5 percent GDP growth, 5 percent fiscal deficit and a total outlay of around Rs 3.175 trillion, it is reliably learnt. Sources told Business Recorder that Budget Strat
A former navy lieutenant was sentenced to three years in prison for leaking confidential military information to China, a court said Friday. Chien Ching-kuo, discharged from the navy in 2009, was convicted of leaking national secrets to a Chinese agent in
A search operation was carried out by city police following reports regarding entering of suicide bomber in provincial metropolis, while security also remained high alert on Friday. The city police started search operation by sealing off the entire canton
The Sui Northern Gas Pipeline Company Limited (SNGPL) on Friday sealed three industrial units under its ongoing drive against the small industries and commercial theft in district Karak. According officials informed that the two small industries of Plasti
The Election Commission of Pakistan (ECP) on Friday appointed District Returning Officers, Returning Officers and Assistant Returning Officers for conducting general elections 2013. According to detail, the appointment letters have been issued to 126 DROs
A constitutional petition filed in the Supreme Court on Friday sought that reserved seats for women and non-Muslims in the national and provincial assemblies be conducted through secret ballot under Article 226 of the Constitution. There are 60 reserved s
Hundreds of government employees working in Pak Secretariat staged protest demonstration and sit-in on Friday for 100 percent increase in their salaries like other government departments. They staged a sit-in in front of the main gate of Pak Secretariat a
The business community on Friday said that Pakistan should support Brazil for the office of Director General of World Trade Organisation (WTO). Talking to Business Recorder, President Rawalpindi Chamber of Commerce and Industries Manzar Khurshid Sh
The Supreme Court on Friday issued notices to the accused in the ephedrine quota case and clubbed the pleas for cancellation of bails for the next hearing. A three-judge bench of Justice Nasirul Mulk, Justice Amir Hani Muslim and Justice Iqbal Hameedur Re
Writers and poets paid rich tributes to the great Pashto poet Khushal Khan Khattak in a literary seminar held under the auspices of Pakistan Academy of Letters Peshawar Chapter (PALP). The function was presided over by Abdul Hameed, Chairman Pakistan Acad
The South Asian Federation of Exchanges (SAFE) project on developing a harmonised regulatory framework shall serve as a first step towards building a financially integrated south Asian region. This was stated by Aftab Ahmad Chaudhry, Managing Director Lah
Speaker of the Sindh Assembly Nisar Ahmed Khuhro on Friday urged Governor Sindh Dr Ishratul Ebad Khan to accept the resignations of provincial ministers of MQM so that headway could be made in nominating the leader of the opposition in the provincial legi
Police arrested four 'notorious target killers' during a sting operation carried out in different areas from February 23 to March 1 2013, said DIG police Zone West, Jawaid Odho, here on Friday. Addressing a news conference at his office, Odho said that al
The Lahore High Court on Friday suspending the notification increasing registration fees for upcoming examination for private students of 9th class directed all provincial education boards to issue their roll number slips. The petitioners a number of 9th
Punjab Provincial Co-operative Bank Limited (PPCBL) issued Rs 2 billion agriculture loans for Rabi crops 2012-13 to 81,637 applicants through 11,177 co-operative societies till 27th February 2013, PPCBL Registrar Dr Arshad Mahmood said here on Friday.
Chairman Federal Board of Revenue (FBR) Ali Arshed Hakeem on Friday said that "we are replacing manual system by electronic system for improving the efficiency of FBR and to control the malpractices in trade and commerce." Talking to media at Sialkot Dry
Directorate General of Intelligence and Investigation (DGI&I) of the Federal Board of Revenue (FBR) has launched a comprehensive investigation into alleged corrupt sales tax practices by some textile mills. Sources in the DGI&I Lahore office told Busin
Pakistan Tehreek-e-Insaf (PTI) Vice Chairman, Shah Mahmood Qureshi has congratulated all the newly elected office-bearers of PTI on Friday and said that it was huge exercise that would further strengthen the party in future. He said the PTI leadership too
The value-added textile sector has announced to shutdown industries, if the Federal Board of Revenue (FBR) did not withdraw the two percent sales tax and five percent withholding tax (WHT). Addressing a joint press conference, representatives of all value
The value-added textile sector has announced to shutdown industries, if the Federal Board of Revenue (FBR) did not withdraw the two percent sales tax and five percent withholding tax (WHT). Addressing a joint press conference, representatives of all value
The girls' students again clinched gold medals and awards for securing top positions in the annual examination of Secondary School Certificate (SSC) and intermediate level for 2012 session. In this regard, a ceremony was held for awarding gold medals and
Industrialists and traders, while rejecting the new increase in petroleum products' prices in the range of Rs 3.53 and Rs 4.35, said that oil was the lifeline of transport, agriculture, industrial sector and the recent hike in its prices would raise the c
Pakistan Telecommunication Company Limited (PTCL) launched a standalone application enabling its EVO customers to access digital television service on their PCs, laptops and smartphones. The unique service of PTCL Smart TV PC application has brought Pakis
Pakistan Tahrik-e-Insaf (PTI) has on Friday rejected the recent increase in the prices of petroleum products. PTI leader Ahsan Rasheed said the incompetent rulers' decision of increasing the prices would have detrimental impact on the already poverty-stri
The former Chairman of Pakistan Poultry Association (PPA) Abdul Basit has strongly criticised the massive increase in the POL prices and termed it as an anti-industry move. In a press statement here on Friday, Abdul Basit said that during its tenure, fede
It was for the first time in the history of Britain that it suffered a sovereign ratings downgrade from a major agency on 22nd February, 2013 when the Moody's stripped the country of its coveted top-notch triple-A rating, dealing a major blow to Finance M
Unlike the past elections when political parties went into polls on their own strength and looked for coalition partners later, the advent of this election season has brought a flurry of activity focused on forging pre-poll alliances. The PPP has managed
What if is a question that everyone is asking? What if the elections do not deliver, what if the next elections leave a lot to be expected? What if and what if many times over? William Morley Punshon puts it this way 'On some positions cowardice asks the
As Benedict XVI departed the Vatican for the last time as pope, believers and non-believers alike were left wondering whether his historic resignation represented a capitulation or a courageous break with the norm. The official newspaper of the Holy See,
Thailand may have secured talks aimed at ending nine years of conflict in its Muslim-majority south, but analysts say the real battle lies ahead - overcoming mistrust and winning over young rebels. The gruelling conflict has left the population of the kin
In an article published in a newspaper on February 28, 2013, the writer aesthetically assembled an Urdu proverb 'Darya Ko Kuzey Mein Bund Karna' in his last sentence when he provoked the Gen whether he would like to be remembered as Gen Gorbachev by the h
Head of the Neurosurgery Department, Jinnah Postgraduate Medical Centre Karachi, Professor Sattar Hashim, was invited to conduct CME (Continuing Medical Education) on "Gamma Knife Radio surgery in Brain Lesions" at LUMHS Jamshoro on 1st March 2013.
With the issuance of notification regarding compensating inland freight cost to sugar exporters, Trade Development Authority of Pakistan (TDAP) has started receiving claims from exporters. According to sources, the authority has recently issued notificati
First International Conference on Business, Economics and Information Technology was held and inaugurated at Mohtarma Benazir Bhutto Shaheed Sindh University Campus Dadu to pave ways to lavishness and prosperity by availing of the opportunities in the sai
The Supreme Court on Friday sought a detailed report from District and Sessions Judges Islamabad on pending adjudication of government residences in the capital of Pakistan. The court also issued directives to Housing Ministry to submit a list of all ille
The Board of Directors of HBL Asset Management Limited, has approved a dividend payout of Rs 0.59 per unit from HBL Money Market Fund and Rs 0.52 per unit from HBL Islamic Money Market Fund for the year ending June 30, 2013. Unit Holders who have opted fo
The Board of Directors of HBL Asset Management Limited, has approved a dividend payout of Rs 0.59 per unit from HBL Money Market Fund and Rs 0.52 per unit from HBL Islamic Money Market Fund for the year ending June 30, 2013. Unit Holders who have opted fo
Servis Sales Corporation, Pakistan's leading footwear retailer, in partnership with the British Council conducted the teacher training workshops under its platform "Servis Fun and Learn". The objective was to train English language teachers from both publ
The Punjab Agriculture Department is arranging a week-long course on beekeeping from March 4, 2013 at beekeeping research institute Rawalpindi both for men and women. According to spokesman of the department basic objective of the course is to train those
Simultaneous unloading of coal dust and canola seeds worth $35 million in close proximity may cause cross-contamination at the East Wharf of the Karachi port, sources said on Friday. A coal-bearing vessel named Fareast Harmony, which is anchored at Berth
British Council Employers' Fair concluded with its last event held in Islamabad after conducting one-day fairs in Karachi and Lahore. Ufone being the key participant remained the most sought after employer amongst the youth and students visiting the fair
Multan Electric Power Company's (Mepco) Audit Committee and Board of Directors (BoD) Chairman met with representatives from the United States Agency for International Development (USAID) Power Distribution Programme, to consider adopting the recently comp
Ad week named PHD, part of Omnicom Media Group, Global Agency of the year 2012. Phd entered its 6th consecutive year of significant billings due to a number of high profile account wins such as Sony, Bentley, Hyatt(Digital), ANZ and global communications
Gold cut some of its earlier losses early on Friday but remained in negative territory as the dollar extended gains after positive economic data and ahead of impending US budget cuts. Gold struggled in tandem with losses in other commodities, with copper
US soyabean futures dropped early on Friday along with falling crude oil prices, pressured by weaker-than expected economic data from China, traders said. The US Agriculture Department's announcement of another sale of US soya to the world's top buyer of
Gold dropped on Friday, extending a one-percent fall in the previous session that had seen the metal close February with its longest run of monthly losses in 16 years. The market struggled in league with losses in other commodities, with oil down one perc
Gold hovered around $1,580 an ounce on Friday, supported by physical buying in China, but a strong dollar and waning investor interest threatened to further weaken the metal that just suffered its biggest monthly decline in nine months. Buying from China
Gold fell more than 1 percent on Thursday, as gains in US equities and economic optimism sapped safe-haven demand for the precious metal, which ended February with its fifth straight monthly drop, the longest string of monthly declines since 1996. Bullion
ICE raw sugar futures fell towards a 2-1/2 year low on Friday, as excess supply dragged on prices, while coffee was little changed and cocoa slipped. Raw sugar's front-month contract dipped to 17.61 cents a lb on Thursday, the lowest level for the front-m
Malaysian palm oil futures fell to their lowest in more than six weeks on Friday, extending losses to an eighth straight session, as weak exports continued to weigh and investors turned cautious ahead of a key industry conference next week. Traders were c
US soyabeans futures rose 1.2 percent on Thursday as strong export demand spurred a wave of technical buying, traders said. Soyabean prices, which passed through key technical resistance points at the 30-day, 100-day and 200-day moving averages, benefited
Key Tokyo rubber futures lost 3 percent to over 2-month lows on Friday as selling from investment funds accelerated the pace of decline amid uncertainty over demand outlook. The benchmark Tokyo Commodity Exchange rubber contract for August delivery fell 8
Brent crude prices fell to a six-week low below $110 per barrel on Friday, erasing all gains so far in 2013 as political gridlock in Washington triggered automatic US budget cuts, feeding fear about the economy in the world's largest oil consumer. Brent h
Copper fell to its lowest in more than three months on Friday, burdened by a strong dollar, cooling factory growth in major metals consumer China and worrying economic and political signals from Europe and the United States. China, the most closely watche
The most-traded June copper contract on the Shanghai Futures Exchange fell 1.68 percent to close at 56,730 yuan ($9,100) a tonne on Friday, having declined to its lowest in three months at 56,610 yuan a tonne.
Cotton spiked to a nine-month high on Thursday as strong weekly US export data indicated that recently high prices have not deterred demand and bullish speculators have been drawn back to the market. The most-active May cotton contract on ICE Futures US r
The number of people killed in clashes in Bangladesh over the conviction of Jamaat-i-Islami leaders for war crimes rose to 53 on Friday as fresh violence erupted. Two people were killed when hundreds of pro-government supporters and followers of the rival
Iraq's Sunni finance minister told a crowd of Sunni Muslim protesters on Friday he was resigning, after more than two months of demonstrations against the Shia-led government. The country's precarious sectarian balance has come under growing strain as Ira
President Giorgio Napolitano ruled out an early return to the polls on Friday as Italy's parties wrangled over how to form a government after this week's deadlocked election. Speaking during a state visit to Berlin, Napolitano said Italy needed a stable g
A Dutch court sentenced a Rwandan-born woman to six years and eight months in jail on Friday for inciting genocide two decades ago. Judges said 66-year-old Yvonne Besabya, now a Dutch citizen, had stoked hatred against her ethnic Tutsi neighbours before R
Hugo Chavez's son-in-law mocked this week's crescendo of rumours that the Venezuelan president may be dead or dying from the cancer he has been treated for since mid-2011. "The launching of absurd and bizarre rumours by the right wing simply discredits th
Eighteen-year-old Taylor Wilson has designed a compact nuclear reactor that could one day burn waste from old atomic weapons to power anything from homes and factories to space colonies. The American teen, who gained fame four years ago after designing a
US Secretary of State John Kerry is expected to take Turkey's prime minister to task for describing Zionism as a crime against humanity, an attack on a key US ally that has overshadowed their talks on the crisis in neighbouring Syria. Kerry, on his first
Private space firm SpaceX launched its Falcon-9 rocket from Cape Canaveral in Florida on Friday, carrying a resupply capsule to the International Space Station, NASA television showed. The rocket rapidly reached orbital altitude where it deployed the Drag
A senior Finnish nuclear official is to become new chief United Nations nuclear inspector in charge of monitoring Iran's disputed atomic activities and other sensitive issues, diplomats said on Friday. Tero Varjoranta, now head of Finland's Radiation and
Hundreds of protesters clashed with police on Friday outside a New Delhi hospital where a seven-year-old girl who was sexually assaulted at school was admitted earlier in the day, police said. Angry youths hurled stones at buses and police, who then used
Commodities giant Glencore supplied thousands of tons of alumina to an Iranian firm that has provided aluminium to Iran's nuclear programme, intelligence and diplomatic sources told Reuters. The previously undisclosed barter arrangement between Glencore,
Commodities giant Glencore supplied thousands of tons of alumina to an Iranian firm that has provided aluminium to Iran's nuclear programme, intelligence and diplomatic sources told Reuters. The previously undisclosed barter arrangement between Glencore,
Two US sailors who raped a Japanese woman in Okinawa last October were jailed on Friday for a crime that reignited long-smouldering anger against the American military in Japan. The Naha District Court in Okinawa said Seaman Christopher Browning, 24, shou
A US man lying in his bed was swallowed up by a gaping sink hole that opened up under his room in a Florida town, officials said Friday. The yawning chasm opened up overnight as Jeff Bush, 36, slept in his bedroom sucking him into the hole at the home, wh
A Chinese businessman indicted in the United States over sales of missile parts to Iran is still making millions of dollars from the trade, say security officials who monitor compliance with Western and UN sanctions. These officials, speaking on condition
Thousands of US troops converged on South Korea Friday for the start of annual joint military exercises, a report said, as tensions run high on the peninsula following North Korea's third nuclear test. A joint air, ground and naval field training exercise
Twelve Filipinos and two Malaysian police officers died in a clash Friday that immediately raised the pressure on dozens of Philippine intruders who are pushing a claim to Malaysian territory. The followers of the little-known sultan of Sulu have been hol