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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-02
Tokyo stocks climb

Tokyo stocks climb

Tokyo stocks closed 0.46 percent higher Wednesday as investors largely discounted the widely expected Greek default. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 93.59 points to end at 20,329.32, while the Topix index of all first-secti
Published 02 Jul, 2015 12:00am
Wednesday's early trade: stocks rise on Greece hopes, strong data

Wednesday's early trade: stocks rise on Greece hopes, strong data

US stocks rose on Wednesday after Greece's prime minister signalled he was prepared to accept most of creditors' bailout terms and a raft of US data pointed to a stronger economy. Adding to the positive tone, financial stocks rallied after Swiss insurance
Published 02 Jul, 2015 12:00am
Wall Street rises after choppy trading day

Wall Street rises after choppy trading day

US stocks finished up after a choppy trading day as investors held out hope on Tuesday for deal to keep Greece in the euro even as it veered close to a potential debt default. Greece, hours from missing a 1.6 billion euro ($1.8 billion) payment due to the
Published 02 Jul, 2015 12:00am
US bond yields rise

US bond yields rise

US Treasuries yields rose on Tuesday, closing a rough quarter, as hopes of a last-minute deal between Greece and its creditors that would keep the cash-strapped nation from leaving the euro zone pared the safe-haven demand for US government debt. The Trea
Published 02 Jul, 2015 12:00am
US bond yields rise

US bond yields rise

US Treasuries yields rose on Tuesday, closing a rough quarter, as hopes of a last-minute deal between Greece and its creditors that would keep the cash-strapped nation from leaving the euro zone pared the safe-haven demand for US government debt. The Trea
Published 02 Jul, 2015 12:00am
Australia shares index ends the day up

Australia shares index ends the day up

Australian shares rose 1 percent on Wednesday as investors hoped a last-ditch deal would be made to keep Greece in the euro zone. The S&P/ASX 200 index edged up 56.690 points to 5,515.700 at the close of trade. The benchmark was up 0.67 percent on Tuesday
Published 02 Jul, 2015 12:00am
China stocks plunge again

China stocks plunge again

China stocks tumbled again on Wednesday, surrendering much of Tuesday's sharp gains, as investors took advantage of any rebound to reduce their leveraged positions. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 4.9 percent
Published 02 Jul, 2015 12:00am
BSE index marks highest close in 2-1/2 months
Currency

BSE index marks highest close in 2-1/2 months

India's BSE index rose nearly 1 percent on Wednesday, to close above the psychologically important 28,000 level, its highest close in nearly 2-1/2 months, as state-run banks rose after the government's plan for a comprehensive package raised hopes of fast
Published 02 Jul, 2015 12:00am
European shares gain

European shares gain

European shares extended gains on Wednesday after a report that Greece was ready to accept most conditions from its international creditors to clinch a debt deal. The Financial Times, citing a letter Alexis Tsipras sent to the heads of the European Commis
Published 02 Jul, 2015 12:00am
Hong Kong markets closed

Hong Kong markets closed

Hong Kong's stocks and financial markets are closed on Wednesday, July 1, for Hong Kong Special Administrative Region Establishment Day. Markets will resume trading on Thursday, July 2.
Published 02 Jul, 2015 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks edged up 0.2 percent on Wednesday, with financial service firms trading lower amid lingering concerns over a possible Greece default, while technology exporters rose on bargain hunting. About half an hour into trade, the main TAIEX index ros
Published 02 Jul, 2015 12:00am
Southeast Asian markets: Malaysia up after Fitch upgrade; others mixed

Southeast Asian markets: Malaysia up after Fitch upgrade; others mixed

Stocks in Singapore and the Philippines eked out gains on Wednesday as investors bought back shares on expectations the Greek debt crisis could have a contained effect, while Malaysian shares rallied after Fitch upgraded its credit rating outlook. Kuala L
Published 02 Jul, 2015 12:00am
FTSE rebounds off 5-1/2 month lows; airlines rally
Currency

FTSE rebounds off 5-1/2 month lows; airlines rally

Britain's top equity index bounced back from five-and-a-half month lows on Wednesday, lifted by airline stocks that were boosted by lower oil prices and a recommendation for a new runway at London's Heathrow airport. The bluechip FTSE 100 index was up by
Published 02 Jul, 2015 12:00am
Most emerging European currencies stay firm

Most emerging European currencies stay firm

Most emerging European currencies firmed on Wednesday, boosted by strong manufacturing sector sentiment readings and news that Greece had told creditors it could accept a June 28 bailout offer if some conditions were changed. The crown led the gains, risi
Published 02 Jul, 2015 12:00am
Canadian dollar hits three-week low on soft data, looming Greek default

Canadian dollar hits three-week low on soft data, looming Greek default

The Canadian dollar fell to its weakest level against the greenback in more than three weeks on Tuesday, hit by a surprise economic contraction at home at the start of the second quarter as investors watched Greece approach default on its debt. Canadian e
Published 02 Jul, 2015 12:00am
Euro slips in Asia
Currency

Euro slips in Asia

The euro slipped in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. The common currency eased 0.2 percent to $1.1128, having suffered a
Published 02 Jul, 2015 12:00am
Euro dips in Europe as officials strive to head off Greek exit
Currency

Euro dips in Europe as officials strive to head off Greek exit

The euro dipped on Wednesday, buffetted by a flurry of reports on new concessions made by Greece to its European creditors and the chances those might lead to a deal that prevents it becoming the first country to crash out of the single currency. In a fev
Published 02 Jul, 2015 12:00am
Early trade in New York: Euro dips against dollar
Currency

Early trade in New York: Euro dips against dollar

The euro fell against the dollar on Wednesday as attention shifted to strong US data and the prospect for a Federal Reserve rate hike this year, after Greece's Prime Minister signalled he would accept creditors' bailout offer with some conditions. Greek P
Published 02 Jul, 2015 12:00am
Euro broadly lower in New York trade
Currency

Euro broadly lower in New York trade

The euro was broadly lower on Tuesday as investors braced for the near certainty that Greece will default on a loan from the International Monetary Fund, while the US dollar benefited from month- and quarter-end buying. The euro was last down 0.8 percent
Published 02 Jul, 2015 12:00am
Yuan down on weaker official midpoint
Currency

Yuan down on weaker official midpoint

China's yuan dipped on Wednesday as dollar demand slightly outweighed supply after the central bank set the official guidance rate weaker, traders said. The World Bank warned on Wednesday that capital outflows from China had increased sharply in recent mo
Published 02 Jul, 2015 12:00am
Ringgit leads gains in Asia FX
Currency

Ringgit leads gains in Asia FX

The Malaysian ringgit led gains among emerging Asian currencies on Wednesday after Fitch Ratings maintained the country's sovereign ratings, erasing concern about a possible downgrade because of state fund 1MDB's debt problems. The South Korean won edged
Published 02 Jul, 2015 12:00am
New Zealand dollar struggles off five-year trough
Currency

New Zealand dollar struggles off five-year trough

The New Zealand dollar drifted up from a five-year low on Thursday, taking heart from gains in Asian stocks as investors took the news of Greece's default on an IMF loan in stride. As expected, Athens was unable to make a scheduled 1.6 billion euro loan r
Published 02 Jul, 2015 12:00am
Sterling slips to two-week low versus rallying dollar
Currency

Sterling slips to two-week low versus rallying dollar

Sterling slipped on Wednesday to a two-week low as the dollar rallied on strong US jobs figures and after data showed British manufacturing growth slowed unexpectedly in June. Numbers showed US private employers ramped up hiring to a six-month high in Jun
Published 02 Jul, 2015 12:00am
Ball boy collapses, fans roast in record Wimbledon heat

Ball boy collapses, fans roast in record Wimbledon heat

A ball boy collapsed and fans took cover as Wimbledon sweltered Wednesday on the hottest day ever recorded at the championships. The suncream was slapped on and fans formed long queues at the water fountains as they tried to beat the heat in sweaty south-
Published 02 Jul, 2015 12:00am
Kyrgios courts Wimbledon trouble again

Kyrgios courts Wimbledon trouble again

Nick Kyrgios fired another verbal volley at Wimbledon officials during a heated 7-6 (7/5), 6-3, 6-4 second round win over Argentina's Juan Monaco on Wednesday. Kyrgios has a reputation as one of the most volatile players on the men's tour and the Australi
Published 02 Jul, 2015 12:00am
Djokovic, Sharapova breeze as Wimbledon endures record heat

Djokovic, Sharapova breeze as Wimbledon endures record heat

Novak Djokovic and Maria Sharapova breezed through at a sweltering Wimbledon on Wednesday where temperatures soared to a record 35.7 degrees while injury-plagued Japanese star Kei Nishikori was forced to withdraw. Defending champion and top seed Djokovic
Published 02 Jul, 2015 12:00am
Faisal Hayat re-elected PFF president despite court order

Faisal Hayat re-elected PFF president despite court order

Pakistan's football federation Wednesday announced the re-election of its president Faisal Saleh Hayat despite orders from a court not to hold a vote until the objection of a rival faction had been resolved. The move is set to plunge the sport into furthe
Published 02 Jul, 2015 12:00am
South Africa eye fresh start in Bangladesh

South Africa eye fresh start in Bangladesh

A new-look South Africa vowed to put their World Cup heartache behind them Wednesday as they began their tour of Bangladesh, promising not to underestimate their in-form hosts. "It is our first series after the World Cup so our players are coming nice and
Published 02 Jul, 2015 12:00am
I'm not corrupt, insists Blatter

I'm not corrupt, insists Blatter

FIFA president Sepp Blatter has insisted he is not guilty of corruption despite the ongoing investigations into world football's governing body. Blatter passionately denied any wrongdoing to German magazine Bunte despite two separate on-going Swiss and Am
Published 02 Jul, 2015 12:00am
Messi sparkles as Argentina thrash Paraguay

Messi sparkles as Argentina thrash Paraguay

Lionel Messi produced a scintillating individual performance as Argentina destroyed Paraguay 6-1 to reach the final of the Copa America here Tuesday. The Barcelona superstar tormented Paraguay mercilessly as the favourites produced their best display of t
Published 02 Jul, 2015 12:00am
Harris suffers Ashes setback

Harris suffers Ashes setback

Australia fast bowler Ryan Harris's hopes of being fit for next week's first Ashes Test suffered a blow on Wednesday with a recurrence of the knee trouble that has blighted his career. The setback ruled him out of the team's final warm-up match against Es
Published 02 Jul, 2015 12:00am
Adil Rashid and Finn in England squad for Ashes opener

Adil Rashid and Finn in England squad for Ashes opener

Uncapped Yorkshire leg-spinner Adil Rashid and Middlesex fast bowler Steven Finn were both called into a 13-man England squad announced Wednesday for next week's first Ashes Test against Australia in Cardiff. Rashid, 27, who has played both one-day intern
Published 02 Jul, 2015 12:00am
USA beat Germany, reach final

USA beat Germany, reach final

Carli Lloyd and Kelley O'Hara both scored in the second half Tuesday to put the United States into the Women's World Cup final with a 2-0 victory over top-ranked Germany. Wearing the captain's armband, Lloyd got the first on 69 minutes from a penalty kick
Published 02 Jul, 2015 12:00am
Liberia announces two more confirmed Ebola cases

Liberia announces two more confirmed Ebola cases

Liberia said Wednesday a teenager who died of Ebola fever had spread the virus to at least two more people, confirming the first outbreak of the tropical disease for months. Health officials told AFP the infected pair had been in physical contact with the
Published 02 Jul, 2015 12:00am
18 holes in outer space: Comet's crater's revealed

18 holes in outer space: Comet's crater's revealed

After billions of years of solitary travel through cold, dark outer space, comet 67P/Churyumov-Gerasimenko has recently yielded many secrets, often surprising ones, to the prodding of Europe's Rosetta spacecraft. As the probe drew closer and got a better
Published 02 Jul, 2015 12:00am
Kuwait makes DNA tests mandatory

Kuwait makes DNA tests mandatory

Kuwait's parliament, reacting to a suicide bombing last week that killed 26 people, adopted a law Wednesday requiring mandatory DNA testing on all the country's citizens and foreign residents. The legislation, requested by the government to help security
Published 02 Jul, 2015 12:00am
Thousands march for 'full' Hong Kong democracy

Thousands march for 'full' Hong Kong democracy

Tens of thousands of Hong Kong protesters marched for full democracy on Wednesday and called on the Chinese-controlled city's leader to resign, just weeks after lawmakers voted down an electoral reform package backed by China. The turnout, estimated by or
Published 02 Jul, 2015 12:00am
Saudi Prince pledges $32 billion fortune to charity

Saudi Prince pledges $32 billion fortune to charity

Saudi tycoon Prince Alwaleed bin Talal on Wednesday promised his entire $32 billion (28.8 billion euro) fortune to charitable projects in coming years, in one of the biggest ever such pledges. The pledge is "maybe... the first such big announcement" of it
Published 02 Jul, 2015 12:00am
Defiant Greek Prime Minister stands ground on referendum

Defiant Greek Prime Minister stands ground on referendum

Greek Prime Minister Alexis Tsipras vowed Wednesday to push ahead with a controversial bailout referendum despite pressure from European leaders, and urged creditors to accept a fresh reform offer by Athens. Hours after Greece became the first advanced ec
Published 02 Jul, 2015 12:00am
India bus crash kills 21, injures 17

India bus crash kills 21, injures 17

At least 21 people were killed and 17 injured Wednesday when a bus collided with a truck at high speed in central India, local media reported. The accident occurred when the bus carrying 38 passengers collided head-on with a truck on the Khandwa-Indore ro
Published 02 Jul, 2015 12:00am
Iran recovers 13 tonnes of sanctions-hit gold

Iran recovers 13 tonnes of sanctions-hit gold

Iran said Wednesday it has recovered part of its gold reserves frozen under international sanctions after an accord sealed on the sidelines of nuclear negotiations with world powers. Central bank chief Valiollah Seif, quoted by state news agency IRNA, sai
Published 02 Jul, 2015 12:00am
Iran recovers 13 tonnes of sanctions-hit gold

Iran recovers 13 tonnes of sanctions-hit gold

Iran said Wednesday it has recovered part of its gold reserves frozen under international sanctions after an accord sealed on the sidelines of nuclear negotiations with world powers. Central bank chief Valiollah Seif, quoted by state news agency IRNA, sai
Published 02 Jul, 2015 12:00am
'English Schindler' Nicholas Winton dies

'English Schindler' Nicholas Winton dies

Nicholas Winton, a Briton who saved hundreds of Jewish children in Prague from the Nazis in the run-up to World War II, has died at the age of 106, his family said on Wednesday. Son-in-law Stephen Watson said his father died peacefully in his sleep at Wex
Published 02 Jul, 2015 12:00am
Central Asia hit with record-breaking heatwave

Central Asia hit with record-breaking heatwave

Turkmenistan reported its hottest June on record Wednesday, as a heat wave envelops former Soviet Central Asia. "June 2015 was the hottest June since 1891 when records began. Daytime temperatures exceeded 40 degrees Celsius in the shade 16 times," a spoke
Published 02 Jul, 2015 12:00am
Clinton raises record $45 million in first campaign quarter

Clinton raises record $45 million in first campaign quarter

Hillary Clinton announced Wednesday she raised a record $45 million in the first quarter of her US presidential bid, putting the Democratic frontrunner in prime financial position in the opening months of her 2016 campaign. "Here's what we know: In the fi
Published 02 Jul, 2015 12:00am
US black church fire stokes arson fears

US black church fire stokes arson fears

An overnight fire that destroyed a small-town African-American church in South Carolina once torched by Ku Klux Klan members is reviving fears that arsonists are targeting places of worship with black congregations. The Mount Zion African Methodist Episco
Published 02 Jul, 2015 12:00am
UN declares highest-level aid emergency in Yemen

UN declares highest-level aid emergency in Yemen

The United Nations on Wednesday declared Yemen a level-3 humanitarian emergency, the highest on its scale, to step up urgently-needed international aid for the war-torn country. UN aid chief Stephen O'Brien met with heads of agencies to discuss the crisis
Published 02 Jul, 2015 12:00am
Ukraine halts Russian gas imports; flows to Europe unaffected

Ukraine halts Russian gas imports; flows to Europe unaffected

Ukraine said it halted natural gas imports from Russia on Wednesday after EU-brokered talks collapsed without a deal on how much Kiev should pay for its supplies and an interim accord expired at midnight. Russian gas flows to the European Union via Ukrain
Published 02 Jul, 2015 12:00am
Federal Capital: Deployment of troops extended

Federal Capital: Deployment of troops extended

The Ministry of Interior on Wednesday extended the deployment of Pakistan army in the federal capital for another month in the wake terror attack threats. Sources said that following the request of Chief Commissioner Islamabad, Ministry of Interior furthe
Published 02 Jul, 2015 12:00am
FBR clarifies
Cotton

FBR clarifies

The Federal Board of Revenue (FBR) will collect reduced rate of one percent withholding tax on imports made by manufacturers doing business in textiles (including jute), carpets, leather, sports and surgical goods, irrespective of the type of imported goo
Published 02 Jul, 2015 12:00am
Saudi Arabia denies consular access to Zaid Hamid

Saudi Arabia denies consular access to Zaid Hamid

Saudi government had reportedly denied a consular access to Zaid Hamid, a Pakistani analyst and commentator, who has been sentenced to eight years prison and 1,000 lashes by the Kingdom for allegedly delivering a provocative speech in the Holy city of Med
Published 02 Jul, 2015 12:00am
Air Indus: SHC suspends CAA's order

Air Indus: SHC suspends CAA's order

The Sindh High Court on Wednesday suspended the operation of Civil Aviation Authority's (CAA) letter that directed a private airline, Air Indus, to halt its operation. A division bench headed by Justice Aqeel Ahmed Abbasi gave this injunction while hearin
Published 02 Jul, 2015 12:00am
Saddar parking plaza lying idle since 2009

Saddar parking plaza lying idle since 2009

The much-publicised multi-storied Saddar parking plaza-cum-shopping mall project of former City District Government Karachi (CDGK) has failed to prove its utility despite a lapse of six years since its construction. The landmark project, which is now a pr
Published 02 Jul, 2015 12:00am
Pakistan, India exchange prisoners' list

Pakistan, India exchange prisoners' list

Pakistan and India on Wednesday, on the first of July, exchanged the list of prisoners in both the countries. Foreign Office spokesperson while giving the details said under the agreement, the Ministry of Foreign Affairs handed over a list of 403 Indian p
Published 02 Jul, 2015 12:00am
Kohinoor Energy Limited

Kohinoor Energy Limited

Incorporated in April 1994, Kohinoor energy Limited is one of the pioneer projects of independent power producers in Pakistan. The independent power producer (IPP) is situated at Link Manga Raiwind Road, in Lahore; it owns a 1311.4MW gross capacity furnac
Published 02 Jul, 2015 12:00am
Kohinoor Energy Limited

Kohinoor Energy Limited

Incorporated in April 1994, Kohinoor energy Limited is one of the pioneer projects of independent power producers in Pakistan. The independent power producer (IPP) is situated at Link Manga Raiwind Road, in Lahore; it owns a 1311.4MW gross capacity furnac
Published 02 Jul, 2015 12:00am
Pakistan-Switzerland Friendship Exhibition continues

Pakistan-Switzerland Friendship Exhibition continues

"Pakistan-Switzerland Friendship Exhibition", the first-of-its-kind informative exhibition to be ever held at any Pakistani airport, has successfully completed its first month activities. The Consulate General of Switzerland in Karachi is organising this
Published 02 Jul, 2015 12:00am
HBL Internet Payment Gateway launched for DHA City

HBL Internet Payment Gateway launched for DHA City

Launch ceremony of DHA City Online Payments via HBL Internet Payment Gateway was held at HBL Tower on Wednesday. Administrator DHA Brigadier Zubair Ahmed, and President and CEO of HBL Noman Dar were present on the occasion. The Administrator commended the
Published 02 Jul, 2015 12:00am
'Pakistan, Switzerland enjoying strong bilateral relationship'

'Pakistan, Switzerland enjoying strong bilateral relationship'

"Pakistan and Switzerland enjoying strong cordial and friendly bilateral relationship and these ties are strengthening with the passage of time. In bilateral tourism new opportunities beneficial for both countries are yet to be explored. Many Swiss compan
Published 02 Jul, 2015 12:00am
Pacra maintains MCB Bank's entity ratings

Pacra maintains MCB Bank's entity ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of MCB Bank Limited (MCB) at "AAA" (Triple A) and "A1+" (A One Plus). The ratings denote the lowest expectation of credit risk emanating from an exception
Published 02 Jul, 2015 12:00am
Pacra maintains MCB Bank's entity ratings

Pacra maintains MCB Bank's entity ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of MCB Bank Limited (MCB) at "AAA" (Triple A) and "A1+" (A One Plus). The ratings denote the lowest expectation of credit risk emanating from an exception
Published 02 Jul, 2015 12:00am
Representatives of welfare bodies call on Prime Minister

Representatives of welfare bodies call on Prime Minister

Prime Minister Muhammad Nawaz Sharif Wednesday met representatives of welfare associations here at the Chief Minister House and discussed their philanthropic activities. The Prime Minister was appreciative of their services to the humanity and selfless wo
Published 02 Jul, 2015 12:00am
Two shot dead in Jacobabad

Two shot dead in Jacobabad

Armed men gunned down two person including a woman over old enmity here on Wednesday and fled the scene. Police said that the incident took place in Goth Dahani of Jacobabad where culprits opened fire at members of opponent group killing two people includ
Published 02 Jul, 2015 12:00am
Pacra maintains entity ratings of HabibMetro Bank

Pacra maintains entity ratings of HabibMetro Bank

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Habib Metropolitan Bank Limited at 'AA+' (Double A Plus) and 'A1+' (A One Plus), respectively. The ratings denote a very low expectation of credit risk
Published 02 Jul, 2015 12:00am
Pacra maintains entity ratings of HabibMetro Bank

Pacra maintains entity ratings of HabibMetro Bank

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Habib Metropolitan Bank Limited at 'AA+' (Double A Plus) and 'A1+' (A One Plus), respectively. The ratings denote a very low expectation of credit risk
Published 02 Jul, 2015 12:00am
Pakistani students Bestway sets up fund at Oxford varsity

Pakistani students Bestway sets up fund at Oxford varsity

The Bestway Foundation, announced setting up of an exciting new £1.8 million endowment fund with the world renowned Oxford University to sponsor two Pakistani students at the university every year. The group has teamed up with the university to create a s
Published 02 Jul, 2015 12:00am
Partly cloudy weather forecast for Karachi

Partly cloudy weather forecast for Karachi

The city's temperature is gradually losing heat as the met office on Wednesday forecast a partly cloudy weather for the next 24 hours with winds to tear at a speed of 20 nautical miles an hour. The metropolis, which temperature touched a decade high of 45
Published 02 Jul, 2015 12:00am
Standard Chartered Pakistan gets two IFA Awards 2015

Standard Chartered Pakistan gets two IFA Awards 2015

Islamic Finance Award (IFA) 2015 recognised Standard Chartered Saadiq for the Best Islamic Consumer Banker of the year 2015 and Islamic Corporate Relationship Manager of the year 2015. Ali Allawala, Head of Islamic Banking, Retail Clients won the award fo
Published 02 Jul, 2015 12:00am
Monsoon season: CAA BBIAP takes precautionary measures

Monsoon season: CAA BBIAP takes precautionary measures

The management of CAA BBIAP has taken precautionary measures during monsoon season at the airports to keep smooth flight operation. In this regard a meeting was held at the airport which was chaired by Muhammad Ayaz Jadoon, Airport Manager to finalize the
Published 02 Jul, 2015 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 16 officers of Inland Revenue Service (BS-18-19) with immediate effect.
Published 02 Jul, 2015 12:00am
Taxable activities: restaurants, cafes required to provide access to FBR

Taxable activities: restaurants, cafes required to provide access to FBR

Restaurants, cafes, coffee shops, eateries, snack bars and hotels would provide continuous and full remote as well as on-site access to their computerised systems to the FBR for monitoring or tracking of taxable activities by electronic or other means. Th
Published 02 Jul, 2015 12:00am
Ombudsman vows to resolve issues of overseas Pakistanis

Ombudsman vows to resolve issues of overseas Pakistanis

Federal Ombudsman M Salman Faruqui has expressed the resolve that all out efforts would be made to resolve the issues of Overseas Pakistanis at priority basis as they were backbone of Pakistan economy and represent true face of Pakistan abroad. He express
Published 02 Jul, 2015 12:00am
Dar meets Saudi counterpart, Omanese delegate

Dar meets Saudi counterpart, Omanese delegate

Finance Minister Senator Mohammad Ishaq Dar had separate meetings with Finance Minister of Saudi Arabia and Head of Omanese delegation attending the Asian Infrastructure Investment Bank (AIIB) signing ceremony. According to statement received here on Wedn
Published 02 Jul, 2015 12:00am
Manufacturers FBR to issue temporary ST registrations within 72 hours

Manufacturers FBR to issue temporary ST registrations within 72 hours

The Federal Board of Revenue (FBR) will issue temporary sales tax registrations to the manufacturers within 72 hours of filing of the complete application from July 1, 2015. According to the amended Sales Tax Rules, 2006 issued here on Wednesday, where a
Published 02 Jul, 2015 12:00am
IGP reviews arrangements for KP re-poll

IGP reviews arrangements for KP re-poll

In order to ensure maintenance of law and order, avert any mismanagement and violence on the eve of re-polling on the 358 polling stations in connection with local bodies election of the province, a high level meeting with IGP Nasir Khan Durrani in the ch
Published 02 Jul, 2015 12:00am
SU extends date for registration

SU extends date for registration

The Deputy Registrar Admissions has announced that the date for registration in current 1st Term of 2nd, 3rd, 4th and final year classes of all Faculties/ITC/Institute of Food Sciences & Technology and SZABAC Dokri, for academic session 2014-15, has been
Published 02 Jul, 2015 12:00am
Clarification

Clarification

This is with reference to a news item 'Minister places moratorium on recruitment' carried by Business Recorder on July 01, 2015. The Ministry of Commerce clarifies that the process of selection of Permanent Representatives to WTO was undertaken tra
Published 02 Jul, 2015 12:00am
Five OGDCL employees: held in fake degree case

Five OGDCL employees: held in fake degree case

The Federal Investigation Agency (FIA) arrested five employees of Oil and Gas Development Company Limited (OGDCL) in fake degree case on Wednesday. Sources said that five OGDCL employees were detained by FIA after their degrees were proved fake, after ver
Published 02 Jul, 2015 12:00am
Newly-elected officer-bearers of HPC felicitated

Newly-elected officer-bearers of HPC felicitated

The Divisional Director Information, Government of Sindh, Hyderabad Khurshid Ali Shaikh and officers of Information Hyderabad has extend their heartiest felicitation over overwhelming victory in the recent election of Press Club Hyderabad to newly-elected
Published 02 Jul, 2015 12:00am
SSIC employees protest non-release of salaries

SSIC employees protest non-release of salaries

Protest of Sindh Small Industries Corporation's (SSIC) employee entered 59th day on Wednesday against non-payment of their salaries and other benefits. The demo is being staged outside Hyderabad Press Club (HPC) where around 20 employees of corporation pa
Published 02 Jul, 2015 12:00am
SBP launches official twitter account

SBP launches official twitter account

State Bank of Pakistan (SBP) has developed its official twitter account to post all relevant updated information. Governor SBP Ashraf Mahmood Wathra inaugurated the account by sending the first ever message as "SBP is pleased to join the social media on i
Published 02 Jul, 2015 12:00am
Hubco to get Rs 1.912 million refund

Hubco to get Rs 1.912 million refund

The Hub Power Company (Hubco) is all set to receive a refund of Rs 1.912 million it had paid to the Federal Board of Revenue (FBR). The power producer was entitled to the tax refund by the Supreme Court which Hubco, in a stock filing said, dismissed the c
Published 02 Jul, 2015 12:00am
Government securities 12 primary dealers for fiscal year 2016 appointed

Government securities 12 primary dealers for fiscal year 2016 appointed

State Bank of Pakistan (SBP) appointed twelve (12) Primary Dealers of Government Securities (PIB & MTB) for FY 2015-16 Applications were invited for the selection of Primary Dealers for the Financial Year (FY) 2015-16 vide DMMD Circular No 8 dated May 15,
Published 02 Jul, 2015 12:00am
Senate body rejects Bill seeking to revoke presidential immunity

Senate body rejects Bill seeking to revoke presidential immunity

Senate's Standing Committee on Law, Justice and Human Rights on Wednesday rejected "The Constitution (Amendment) Bill, 2015" seeking to revoke immunity given to the President or a Governor regarding criminal proceeding against them in any court during the
Published 02 Jul, 2015 12:00am
Missing lawyer's case: IHC issues notices

Missing lawyer's case: IHC issues notices

Islamabad High Court (IHC) on Wednesday issued notices to the Director General of Inter Services Intelligence (ISI) and Secretary Defence in the missing lawyer case. Justice Shaukat Aziz Siddiqui of the IHC directed DG ISI to depute an officer not below t
Published 02 Jul, 2015 12:00am
Erasing NARC: PARC opposes CDA's move

Erasing NARC: PARC opposes CDA's move

While opposing the proposal to convert land of National Agriculture Research Council (NARC) earmarked for research purpose into housing colony, members of board of governors (BoG) of the council termed the move similar to that of Tailiban who have track r
Published 02 Jul, 2015 12:00am
FBR issues instructions for implementation of budgetary measures

FBR issues instructions for implementation of budgetary measures

The Federal Board of Revenue (FBR) on Wednesday intimated Collectors of Customs that customs duty has been reduced from 30 percent to 20 percent on import of specialised vehicles by the construction companies registered with Securities and Exchange Commis
Published 02 Jul, 2015 12:00am
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