An Anti-Terrorism Court (ATC) on Tuesday extended the judicial remand of former military ruler Pervez Musharraf in Benazir Bhutto murder case till May 28. While hearing Musharraf's bail application, ATC Judge Chaudhry Habibur Rehman, granted extension in
Pakistan's Ambassador to the United States, Sherry Rehman, has tendered resignation from his office. She had replaced Hussain Haqqani in November 2011 after he resigned from the post over the secret memo scandal. Sherry Rehman sent her resignation to the
The Supreme Court on Tuesday sought attested copies of the trial record from authorities concerned relating to seven missing persons from outside the Adiala Jail, currently in protective custody in Peshawar and Haripur prisons. Resuming the hearing, a thr
Pakistan called for intensifying efforts to resolve long festering conflicts and crises in Africa that spawn terrorism and to prevent the continent from becoming an "epicentre" of the scourge. "Africa is the new frontier for international terrorism and ri
Vice Chancellor University of Science & Technology Bannu Professor Dr Abdur Rahim has urged upon the students to fully concentrate on their education and during free time participate in constructive activities. Addressing a laptop distribution ceremony he
Chinese Prime Minister Li Keqiang‚ who is arriving in Islamabad on May 22‚ would address Senate session. PML-N President Mian Nawaz Sharif will call on the Chinese premier. It will be the first visit of Li Keqiang to Pakistan after assuming the office. It
Three-day training workshop on promoting Human Rights and Gender Equality in society concluded here on Tuesday inculcating analytical skills for evaluating programs related to gender equality. The workshop, organised by Women's Organisation for Rights and
Former prime minister Raja Parvez Asharaf could not appear before investigators of the National Accountability Bureau (NAB) tasked with probing Rs 22 billion Rental Power Project (RPPs) scam on Tuesday because of illness. Sources said that NAB had summone
The value added exporters' associations have urged the leader of PML-N Nawaz Sharif to come up with an effective economic and business friendly policy to revive country's sinking economy.
Punjab Rangers killed two smugglers attempting to traverse Wagah Border into India. According to the Rangers officials, unusual movements were spotted at Indo-Pak border. The personnel of Punjab Rangers faced armed resistance when they tried to stop the s
Exporters, traders and manufacturers hailed the services of Election Commission of Pakistan (ECP) for holding transparent general elections in the country and lauded the services of Pak Army and Security institutions for maintaining law and order during t
World Health Organisation (WHO) and UNICEF have described the 7-day anti-measles campaign in Lahore as up to international standard which is a matter of satisfaction for Punjab government and health department. Provincial Health Department arranged 3rd pa
Justice Nasir Saeed Sheikh of the Lahore High Court on Tuesday refused to hear the petition of former MPA of PML-Q Seemal Kamran challenging her disqualification by the election commission on the basis of fake degree. The judge referred the petitioner to
Javed Hashmi, President of Pakistan Tehreek-e-Insaf (PTI) has decided to surrender his Rawalpindi seat and will retain the NA-149 (Multan-II). Similarly Imran Khan will retain his Mianwali seat and will surrender other seats, PTI sources told here on Tues
Lahore Development Authority (LDA) has doubled the amount of compensation being paid to the bereaved families of 24 victims of fire incident at LDA Plaza and decided to give Rs 1 million to each of these families. According to a spokesperson on Tuesday, L
There is acute shortage of women police stations, as only 19 women police stations exist across the country, which constitute 0.86 percent of the strength of police department. There is not only shortage of women police station in the country, but they ar
As many as 34 independents who emerged victorious from different constituencies of the Punjab Assembly in May 11 general elections have announced their decision to join Pakistan Muslim League- Nawaz (PML-N). Although the PML-N does not require any support
In today's world, IT knowledge is of prime importance as it not only unlocks the doors of progress and prosperity but also provides a chance to get access to global opportunities. Lahore Chamber of Commerce and Industry (LCCI) Vice President Mian Abuzar S
According to unofficial results announced by Election Commission of Pakistan, 14 women were successful in May 11 general elections 2013 by winning five National and nine provincial assembles seats. Women, who reached in National Assembly, included Sumaira
Chairman, Pakistan Tehrik-e-Insaf, Imran Khan said Tuesday he planned to request a partial recount on Tuesday, while a local election observer group said some polling stations saw higher turnouts than the number of eligible voters. "Today we will demand a
The Federal Board of Revenue (FBR) has been requested not to enhance sale tax on electricity consumed by melting industry and retain the existing sales tax special procedure under SRO.678. Sources said that Pakistan Steel Melters Association (PSMA) has re
The Federal Board of Revenue (FBR) has been requested not to enhance sale tax on electricity consumed by melting industry and retain the existing sales tax special procedure under SRO.678. Sources said that Pakistan Steel Melters Association (PSMA) has re
National Accountability Bureau (NAB) would present an immediate and long-term action plan to the new government for ownership and full support in its anti-corruption efforts. This was stated by spokesman NAB while responding to media queries regarding fut
Resignations from the PPP leadership continued for second consecutive day. The PPP leadership Mian Manzoor Wattoo resigned as President PPP Punjab after party's failure in general elections. Wattoo has reportedly sent his resignation to the party chairman
Keeping in view the outbreak of measles and necessary preventive measures in Sindh, the Pakistan Poverty Alleviation Fund (PPAF) is airing public service messages aimed at sensitising communities about the importance of immunisation, timely diagnosis and
Stable trend was witnessed on the money market on Tuesday as the rupee managed to move in a cautious way following the expectations for economic recovery, particularly law and order situation in the country after general election 2013, dealers said.
Despite large scale tariff rationalisation, customs duty is still one of the significant sources of collection of federal taxes during 2012-2013, according to FBR's quarterly review issued here on Tuesday. The remarkable performance of the customs departm
Stable trend was witnessed on the money market on Tuesday as the rupee managed to move in a cautious way following the expectations for economic recovery, particularly law and order situation in the country after general election 2013, dealers said.
Caretaker federal cabinet is all set to allow Interior Ministry to negotiate agreement with Austria regarding deportation of illegal Pakistanis, official sources told Business Recorder. Pakistanis who have been granted refugee status in Austria may
The process of recruitment of wireless operators in Sindh police is going ahead. A police spokesman said here on Tuesday that the written examination of those candidates who have cleared the physical fitness test, would be conducted on May 18.
Indian occupied Kashmir, veteran Kashmiri Hurriyet leader, Syed Ali Gilani has expressed the confidence that Pakistan would use its influence to build pressure on India for implementation of the UN resolutions on Kashmir, which guarantee right to self-det
The US Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye on possible rivals like China and Iran.
Lloyds Banking Group Plc Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale. Bischoff, 72, has overseen a restructuring and return t
National Transmission and Dispatch Company (NTDC) has protested against Ministry of Water and Power, Ministry of Petroleum and Ministry of Finance for secretly deciding to pass on billions of rupees of financial burden to the consumers under the guise of
Dish Network Corp said on Tuesday it will sell $2.5 billion in debt to help fund a $25 billion bid for Sprint Nextel Corp, and that it believes it has answered all questions posed by a special committee of Sprint's board. Satellite TV service Dish said it
National Transmission and Dispatch Company (NTDC) has protested against Ministry of Water and Power, Ministry of Petroleum and Ministry of Finance for secretly deciding to pass on billions of rupees of financial burden to the consumers under the guise of
Dish Network Corp said on Tuesday it will sell $2.5 billion in debt to help fund a $25 billion bid for Sprint Nextel Corp, and that it believes it has answered all questions posed by a special committee of Sprint's board. Satellite TV service Dish said it
National Transmission and Dispatch Company (NTDC) has protested against Ministry of Water and Power, Ministry of Petroleum and Ministry of Finance for secretly deciding to pass on billions of rupees of financial burden to the consumers under the guise of
HSBC's sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by Chief Executive Stuart Gulliver, and analysts are expecting more. With less than a year left of h
What is a friendly match? According to Wikipedia, a friendly game or an exhibition match is a sporting event "in which there is no competitive value of any significant kind to any competitor (such as tournament or season rankings, or prize money) regardle
Guwar prices were lower on the wholesale grain market on Tuesday in the process of sluggish business as participants were moving cautiously after general election in the country, dealers said. On the cereals side, Guwar fell sharply by Rs 500 to Rs 10000-
What is a friendly match? According to Wikipedia, a friendly game or an exhibition match is a sporting event "in which there is no competitive value of any significant kind to any competitor (such as tournament or season rankings, or prize money) regardle
The Federal Board of Revenue (FBR) has estimated Rs 15 billion as minimum income tax collection from the retail sector if existing 1.5 million wholesalers and retailers pay an average tax of Rs 10,000 per annum. An FBR report issued here on Tuesday reveal
Mills and spinners retained on the sidelines on the cotton market amid rising expectations by the new government, dealers said. The official spot rate was unchanged at Rs 6,450, they said. Market sources said that in fact there was demand from any side. I
The Federal Board of Revenue (FBR) has estimated Rs 15 billion as minimum income tax collection from the retail sector if existing 1.5 million wholesalers and retailers pay an average tax of Rs 10,000 per annum. An FBR report issued here on Tuesday reveal
The May vaida was higher and the July vaisa was unchanged on the forward cottonseeds oilcake market on Tuesday in process of trading, dealers said. The May vaida ended at Rs 908.70, they said. But it improved with a gain of 20 pasia change in the beginnin
The Federal Board of Revenue (FBR) has estimated Rs 15 billion as minimum income tax collection from the retail sector if existing 1.5 million wholesalers and retailers pay an average tax of Rs 10,000 per annum. An FBR report issued here on Tuesday reveal
The Karachi Port handled 74,470 tonnes of cargo comprising 62,738 tonnes of import cargo and 11,732 tonnes of export cargo including 1,431 loaded and empty containers during the last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 62,73
Turkey has paid off all debt owed to the IMF which extended its first loans more than 50 years ago, and is now set to contribute to the Fund's operations, owing to economic growth that gave a priority to the private sector, Turkish officials said on Tuesd
India's palm oil imports declined for a third straight month in April, a trade body said, as refiners in the world's biggest buyer used stocks and processed the new rapeseed harvest. But India, the world's largest importer of edible oils, is still on trac
Turkey has paid off all debt owed to the IMF which extended its first loans more than 50 years ago, and is now set to contribute to the Fund's operations, owing to economic growth that gave a priority to the private sector, Turkish officials said on Tuesd
Major importers of soyabeans will rely on increasing volumes from South America in the next six months as exports from the US slow down because of lower stocks, Oil World said on Tuesday. The German analyst said higher US exports between September 2012 an
Turkey has paid off all debt owed to the IMF which extended its first loans more than 50 years ago, and is now set to contribute to the Fund''s operations, owing to economic growth that gave a priority to the private sector, Turkish officials said on Tues
European wheat futures rose for a second straight session on Tuesday as weather risks in major producing countries countered pressure from an expected rise in world grain supply this year. November milling wheat on the benchmark Paris futures market was u
The Prime Minister-in-waiting Nawaz Sharif and the rising star of opposition PTI Imran Khan have agreed to develop good working relationship to resolve the country's daunting economic, security, internal and external problems.
Dry weather in Russia and Ukraine is raising the risk of damage to Black Sea grain crop yields unless rains come in the next few days, analysts and forecasters said, adding to pressure on the region's plans to boost its harvest this year. Russia, Ukraine
The Prime Minister-in-waiting Nawaz Sharif and the rising star of opposition PTI Imran Khan have agreed to develop good working relationship to resolve the country's daunting economic, security, internal and external problems.
Chinese production of soya will drop 3.9 percent this year in its third straight annual fall, boosting imports by the world's top-buyer of the oilseed, an official think tank said on Tuesday. Limited farmland has constrained the growth of domestic agricul
Pakistan People's Party Parliamentarian (PPPP) has decided to invite Muttahida Qaumi Movement (MQM) to join it in the provincial government of Sindh. In this regard, a PPPP delegation will visit Nine Zero Wednesday or Thursday, Business Recorder le
Indian sugar futures rose on Monday due to some improvement in demand from bulk consumers such as soft drink and ice-cream makers, but higher supplies capped gains. The key June contract on the National Commodity and Derivatives Exchange was up 0.1 percen
Pakistan People's Party Parliamentarian (PPPP) has decided to invite Muttahida Qaumi Movement (MQM) to join it in the provincial government of Sindh. In this regard, a PPPP delegation will visit Nine Zero Wednesday or Thursday, Business Recorder le
While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
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
While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
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 Commi
The withholding tax collection from salary witnessed a sharp decline from Rs 23,723 million during first half of 2011-12 to Rs 21,451 million in July-December of 2012-13, reflecting a decline of 9.6 percent. As per FBR's report issued on Tuesday, the decl
The withholding tax collection from salary witnessed a sharp decline from Rs 23,723 million during first half of 2011-12 to Rs 21,451 million in July-December of 2012-13, reflecting a decline of 9.6 percent. As per FBR's report issued on Tuesday, the decl
The withholding tax collection from salary witnessed a sharp decline from Rs 23,723 million during first half of 2011-12 to Rs 21,451 million in July-December of 2012-13, reflecting a decline of 9.6 percent. As per FBR''s report issued on Tuesday, the dec
The 10 major revenue spinners contributed 80 percent of sales tax (domestic) during first half (July-December) of 2012-13 including POL products, natural gas, telecom services, fertiliser, cigarettes, beverages, sugar, cement electricity and tea.