Sunni rebels battled their way into the biggest oil refinery in Iraq on Wednesday, and the president of neighbouring Iran raised the prospect of intervening in a sectarian war that threatens to sweep across Middle East frontiers. Sunni fighters were in co
The chief of Pakistan Awami Tehreek (PAT) Dr Tahirul Qadri has rejected a judicial commission set up by the Punjab government to investigate the killings of 11 people in a Model Town clash between police and workers of PAT. He appealed to the judge to dis
The chief of Pakistan Awami Tehreek (PAT) Dr Tahirul Qadri has rejected a judicial commission set up by the Punjab government to investigate the killings of 11 people in a Model Town clash between police and workers of PAT. He appealed to the judge to dis
PTI Chairman Imran Khan has demanded resignation of Chief Minister Punjab Shahbaz Sharif. He was talking to media after visiting the injured workers of Pakistan Awami Tehrik (PAT) and the Minhaj-ul-Quran Secretariat on Wednesday. He criticised the Punjab
PTI Chairman Imran Khan has demanded resignation of Chief Minister Punjab Shahbaz Sharif. He was talking to media after visiting the injured workers of Pakistan Awami Tehrik (PAT) and the Minhaj-ul-Quran Secretariat on Wednesday. He criticised the Punjab
Prime Minister Nawaz Sharif has expressed his deep sorrow and grief over the loss of lives in Tuesday's incident in Lahore and prayed to Allah Almighty to bless the souls. In a statement released here on Wednesday, the PM said Pakistan as a state was curr
Prime Minister Nawaz Sharif has expressed his deep sorrow and grief over the loss of lives in Tuesday's incident in Lahore and prayed to Allah Almighty to bless the souls. In a statement released here on Wednesday, the PM said Pakistan as a state was curr
Afghan presidential election candidate Abdullah Abdullah on Wednesday demanded a halt to vote-counting over fraud allegations, taking the country to the brink of a political crisis during its first democratic transfer of power. Abdullah ramped up his comp
Afghan presidential election candidate Abdullah Abdullah on Wednesday demanded a halt to vote-counting over fraud allegations, taking the country to the brink of a political crisis during its first democratic transfer of power. Abdullah ramped up his comp
The Federal Secretary Interior on Wednesday failed to produce before the special court the original copy of the directive issued by the Prime Minister's office for initiating a high treason inquiry against former chief of army staff and president General
The Federal Secretary Interior on Wednesday failed to produce before the special court the original copy of the directive issued by the Prime Minister's office for initiating a high treason inquiry against former chief of army staff and president General
The Supreme Court on Wednesday constituted a five-member larger bench to hear a petition filed by federal government through which it had challenged Sindh High Court (SHC) decision to remove Pervez Musharraf's name from Exit Control List (ECL). The bench
The Supreme Court on Wednesday constituted a five-member larger bench to hear a petition filed by federal government through which it had challenged Sindh High Court (SHC) decision to remove Pervez Musharraf's name from Exit Control List (ECL). The bench
At least six persons including two cops were fallen prey to the unabated spate of target killings, here on Monday. According to police and rescue sources, Assistant Sub-Inspector (ASI) Tahir Hussain, son of Ghazi Hussain, was shot and killed by unidentifi
Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Wednesday where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 38.14 points as the ISE Ten Index moved from 4,400.68 to 4362.54 points. The ov
Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Wednesday where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 38.14 points as the ISE Ten Index moved from 4,400.68 to 4362.54 points. The ov
Bearish sentiments continued for another day on the Lahore Stock Exchange on Wednesday and the equities extended further declines amid improved trading turnover. The LSE-25 index lost 74.50 points to close at 5621.20 against 5695.70 of Tuesday while trans
Bearish sentiments continued for another day on the Lahore Stock Exchange on Wednesday and the equities extended further declines amid improved trading turnover. The LSE-25 index lost 74.50 points to close at 5621.20 against 5695.70 of Tuesday while trans
Members of opposition parties on Wednesday staged a walkout from the National Assembly against the firing incident in Lahore in which Muttahida Qaumi Movement (MQM) MNA Tahira Asif was shot at and injured. The Pakhtunkhwa Milli Awami Party, a coalition pa
Members of opposition parties on Wednesday staged a walkout from the National Assembly against the firing incident in Lahore in which Muttahida Qaumi Movement (MQM) MNA Tahira Asif was shot at and injured. The Pakhtunkhwa Milli Awami Party, a coalition pa
Following high corruption and flaws in Customs rules, under-invoicing and misreporting stood at pinnacle in 2013 to US $3.3 billion on imports only from China. A study conducted by Pakistan Business Council (PBC) revealed that Pakistani manufacturers have
Following high corruption and flaws in Customs rules, under-invoicing and misreporting stood at pinnacle in 2013 to US $3.3 billion on imports only from China. A study conducted by Pakistan Business Council (PBC) revealed that Pakistani manufacturers have
Following high corruption and flaws in Customs rules, under-invoicing and misreporting stood at pinnacle in 2013 to US $3.3 billion on imports only from China. A study conducted by Pakistan Business Council (PBC) revealed that Pakistani manufacturers have
The Oil and Gas Regulatory Authority (Ogra) has awarded the licence of construction and operation of Liquefied Natural Gas (LNG) to Elengy Terminal Pakistan Limited (ETPL). Initially, the regulatory body has issued the license of LNG terminal to EPTL for
The Oil and Gas Regulatory Authority (Ogra) has awarded the licence of construction and operation of Liquefied Natural Gas (LNG) to Elengy Terminal Pakistan Limited (ETPL). Initially, the regulatory body has issued the license of LNG terminal to EPTL for
The Oil and Gas Regulatory Authority (Ogra) has awarded the licence of construction and operation of Liquefied Natural Gas (LNG) to Elengy Terminal Pakistan Limited (ETPL). Initially, the regulatory body has issued the license of LNG terminal to EPTL for
The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
Non-Performing Financing (NPF) of Islamic Banking Industry (IBB) continued to decrease reaching Rs 18.8 billion at the end of first quarter of this calendar year (CY14). Industry sources told Business Recorder on Wednesday that among asset quality
Non-Performing Financing (NPF) of Islamic Banking Industry (IBB) continued to decrease reaching Rs 18.8 billion at the end of first quarter of this calendar year (CY14). Industry sources told Business Recorder on Wednesday that among asset quality
Non-Performing Financing (NPF) of Islamic Banking Industry (IBB) continued to decrease reaching Rs 18.8 billion at the end of first quarter of this calendar year (CY14). Industry sources told Business Recorder on Wednesday that among asset quality
Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters. "Egypt is goi
Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters. "Egypt is goi
Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters. "Egypt is goi
The Federal Board of Revenue (FBR) has fulfilled a major demand of the business community by withdrawing a budgetary decision pertaining to the restriction on ST input tax adjustment through amended Finance Bill (2014-15). A comparison of the Finance Bill
The Federal Board of Revenue (FBR) has fulfilled a major demand of the business community by withdrawing a budgetary decision pertaining to the restriction on ST input tax adjustment through amended Finance Bill (2014-15). A comparison of the Finance Bill
The rupee managed to gain against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee maintained firmness in terms of the dollar, recovering 18-paisa for buying at Rs 98.32 and it also picked up 15-paisa for sell
The Federal Board of Revenue (FBR) has fulfilled a major demand of the business community by withdrawing a budgetary decision pertaining to the restriction on ST input tax adjustment through amended Finance Bill (2014-15). A comparison of the Finance Bill
The rupee managed to gain against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee maintained firmness in terms of the dollar, recovering 18-paisa for buying at Rs 98.32 and it also picked up 15-paisa for sell
Twitter has restored access inside Pakistan to dozens of tweets and accounts, after blocking them last month following official complaints about "blasphemous" content, in a move hailed by free speech activists. The microblogging site said it had changed i
Twitter has restored access inside Pakistan to dozens of tweets and accounts, after blocking them last month following official complaints about "blasphemous" content, in a move hailed by free speech activists. The microblogging site said it had changed i
A ruling Pakistan People's Party (PPP) lawmaker on Wednesday asked the provincial government to set forth a 'strict' policy to deny shelter in Sindh to all refuges displaced from North Waziristan in the wake of ongoing military operation. During a debate
The Indus Motor Company (KSE ticker: INDU) was incorporated in 1989 as a joint venture with one of the largest business conglomerates in Pakistan, the House of Habib (HoH), Toyota Motor Corporation (TMC) and Toyota Tsusho Corporation (TTC) of Japan. INDU
In a recent development, Russia has cut the flow of gas to Ukraine after last-ditch talks reportedly failed to resolve a price dispute that threatens to disrupt supplies to Europe. The unfolding events in Ukraine have revived the Cold War era rivalries be
The enlargement of the eurozone to 19 countries in 2015 has sparked a debate in Germany as to whether Europe's top economy will see its power curbed within the European Central Bank. The eurosceptic AfD party, but also leading right-wing politicians and e
The annual budget, being a document presenting not only a balance sheet of the central government but also an indicator of its economic policies and priorities, may be gauged considering three Ps: the Performance of the economy during the outgoing fiscal
Lately, enthusiasm over indices and ranking has mushroomed significantly, which perhaps, on the face of it, is justifiable; perceptions matter and good news should definitely be broadcast loudly. The inherent risk in creating such hype, however, is that p
In Pre-partition India, police forces of two Indian states - Punjab and Bihar - were notoriously known for their brutality. The post-Partition two Punjabs and Bihar still live up to their reputation with shameful aplomb. What happened in the Model Town ne
The Senate had proposed around 130 amendments to the budget for 2014-15 presented in the National Assembly on June 3. These proposals fall mainly into three major categories: one that violates the constitution, others that can be supported, and still othe
Punjab Assembly here on Wednesday passed a resolution in support of army operation in North Waziristan stating that nation stood by armed forces and prayed for their success. Law Minister Rana Sanaullah tabled the resolution. The session was chaired by Ra
Jamaat-i-Islami central Chief Siraj-ul-Haq while terming the government decision to launch military operation in North Waziristan Agency as 'unilaterally', saying the incumbent PML-Nawaz led government will be responsible for the repercussions alone.
A high level meeting jointly chaired by the Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan and the Federal Minister for States and Frontier Regions, Lieutenant General, Abdul Qadir Baloch (Retd) at Governor's House, Peshawar on Wednesday reviewed t
Police on Wednesday claimed to have arrested around 72 alleged criminals in different targeted raids and encounters conducted at various parts of the metropolis during last 24 hours. According to police, they have conducted some 77 targeted raids and seve
Circular debt, amounting to Rs 210billion, was required to be settled down to ensure Independent Power Producers' (IPPs) optimal generation and to end energy crisis in the country, said Hub Power Company's Chief Executive Officer, Khalid Mansoor. At a cor
All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA) Senior Vice-Chairman Khurram Riaz has urged the federal finance minister to remove the anomaly in customs duty on the import of motorcycle spare parts. In a letter to the fin
Ministry of National Food, Security and Research, has reportedly voiced concern that the price of potatoes may cross Rs 100 per kg during Ramazan due to exploitation of demand supply situation by hoarders to earn windfall profit, it was learnt.
After the great success of the first edition of Lifestyle Pakistan Exhibition in 2012; Trade Development Authority of Pakistan (TDAP) with the support of Pakistan High Commission in New Delhi is organising the second edition of Lifestyle Pakistan titled "
The Sindh Cabinet which met here with Chief Minister Syed Qaim Ali Shah in the chair at CM House has fully endorsed the ongoing military operation "Zarb-e-Azb" launched by the Pakistan Army against militants in North Waziristan. The Cabinet expecting reta