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Print - 2015-07-16
ANF seizes drugs worth Rs 3.93 billion

ANF seizes drugs worth Rs 3.93 billion

In 10 operations, detained 12 including 2 foreigners & seized 5 vehicles. ANF in its drive against drug trafficking launched 10 operations at Taxila, Attock, Lahore, Sialkot, Peshawar, Karachi and Pishin. The operations resulted recovery of huge cache of
Published 16 Jul, 2015 12:00am
Plea against Indian film's release rejected

Plea against Indian film's release rejected

The Islamabad High Court (IHC) on Wednesday dismissed a petition filed against the upcoming release of Indian movie Bajrangi Bhaijaan in Pakistani cinemas. A single member bench comprising Justice Amir Farooq declared that the petition was not maintainabl
Published 16 Jul, 2015 12:00am
Eid security plan for Islamabad chalked out

Eid security plan for Islamabad chalked out

The city police on Wednesday chalked out a comprehensive security plan for the eve of Eid-ul-fitr under which over 2600 policemen would perform security duties at 750 mosques and 40 Imambargahs during Eid prayer as well as other important building to aver
Published 16 Jul, 2015 12:00am
Eid-ul-Fitr: President grants special remission to convicts

Eid-ul-Fitr: President grants special remission to convicts

President Mamnoon Hussain has approved the Prime Minister's advice for grant of special remission to the convicts undergoing different terms of imprisonments on the occasion of Eid-ul-Fitr, 2015. For this purpose, a summary was initiated by the interior m
Published 16 Jul, 2015 12:00am
26 suspects held in Peshawar

26 suspects held in Peshawar

At least 26 suspects were arrested during joint search operation conducted by police and law enforcement agency here on Wednesday. According to police sources, the door to door search operation was jointly conducted by police and law enforcement agency ag
Published 16 Jul, 2015 12:00am
Under-privileged citizens: Mobilink Foundation holds Iftar-dinner

Under-privileged citizens: Mobilink Foundation holds Iftar-dinner

Continuing with the tradition of sharing the blessings of Ramazan with the underprivileged citizens of Pakistan, Mobilink Foundation organised Iftar-dinner for residents of old-age homes and orphanage across major cities. Iftar-dinner were organised for 3
Published 16 Jul, 2015 12:00am
Zardari welcomes agreement

Zardari welcomes agreement

Former President Asif Ali Zardari has welcomed the deal between Iran and P5 +1 over the former's nuclear program and termed it a far reaching development that holds the potential of a game changer in the region. In a statement, he said agreement is a triu
Published 16 Jul, 2015 12:00am
QWP hails Iran nuclear deal

QWP hails Iran nuclear deal

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao has welcomed nuclear deal between world powers and Iran and said the deal would bring positive effects not only to Iran but also to the entire region. The deal would ease out the persistent tension
Published 16 Jul, 2015 12:00am
KPCCI announces elections schedule for 2015-16

KPCCI announces elections schedule for 2015-16

The Executive committee of the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) on Wednesday announced the election schedule for 2015-16 and constituted an election commission for the purpose. According to the election schedule, the KPCCI execu
Published 16 Jul, 2015 12:00am
KP CM asks C&W department to carry out work on 200 schools

KP CM asks C&W department to carry out work on 200 schools

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the Communication and Works (C&W) Department to initiate the construction work for improvement of deteriorated buildings of 200 government schools within two months. He directed the education d
Published 16 Jul, 2015 12:00am
KCCI rejects decision to raise RD on imported sugar

KCCI rejects decision to raise RD on imported sugar

President of the Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra has urged the government to immediately withdraw the unjust decision taken by the Economic Co-ordination Committee (ECC) to raise regulatory duty on imported sugar by 10
Published 16 Jul, 2015 12:00am
Eid holidays will cost $360 million: Lasbela Chamber chief

Eid holidays will cost $360 million: Lasbela Chamber chief

President Lasbela Chamber of Commerce and Industry (LCCI) Yakoob H Karim has said that 5-day Eid holidays from Friday to Tuesday (17th to 21st July) would cost the country at least $360 million. He urged decision makers to devise a national policy about h
Published 16 Jul, 2015 12:00am
11 Afghans nabbed in Quetta

11 Afghans nabbed in Quetta

At least 11 Afghans were nabbed during a joint operation of Frontier Corps (FC) and police here on Wednesday. According to FC spokesman, FC raided the areas of Killi Kiazai and Samungli Base and arrested as many as 11 Afghanis for living illegally in Paki
Published 16 Jul, 2015 12:00am
Annual PCDMA elections on September 17

Annual PCDMA elections on September 17

Annual general elections of Pakistan Chemical and Dyes Merchant Association (PCDMA) for the year 2015-16 for Executive Committee seats will be held on September 17, 2015 Election of office-bearers will be held on September 22, 2015. To ensure free and fai
Published 16 Jul, 2015 12:00am
Members of Bheel community demand protection

Members of Bheel community demand protection

Members of Bheel community, recently freed from a private jail of landlord, staged a protest for the protection of their lives outside Hyderabad Press Club on Wednesday. A large number of people from Bheel Community and others including Co-ordinator HRCP
Published 16 Jul, 2015 12:00am
PSM facing low gas pressure since June 10

PSM facing low gas pressure since June 10

PSM spokesman has stated that the management of Pakistan Steel is not only claiming that the production units have been shut down due to low gas pressure supplied by SSGC, but it is also posing grave damage to the Complex Plant Machinery. It is further st
Published 16 Jul, 2015 12:00am
PIB auction: Rs 51.695 billion bids accepted

PIB auction: Rs 51.695 billion bids accepted

The State Bank of Pakistan Wednesday conducted the auction for Pakistan Investment Bonds (PIBs) and accepted bids amounting to Rs 51.695 billion against the target of Rs 100 billion. In response to the tender, SBP received total Rs 175.460 billion (Rs 176
Published 16 Jul, 2015 12:00am
PIB auction: Rs 51.695 billion bids accepted

PIB auction: Rs 51.695 billion bids accepted

The State Bank of Pakistan Wednesday conducted the auction for Pakistan Investment Bonds (PIBs) and accepted bids amounting to Rs 51.695 billion against the target of Rs 100 billion. In response to the tender, SBP received total Rs 175.460 billion (Rs 176
Published 16 Jul, 2015 12:00am
K-Electric installs eight new PMTs in Gulistan-e-Johar area

K-Electric installs eight new PMTs in Gulistan-e-Johar area

K-Electric held inauguration ceremonies of eight new PMT's that were strategically installed in key areas of Gulistan-e-Johar in a bid to manage and equally distribute load on the existing PMT's within the vicinity. Iqbal Muhammad Ali Khan, MNA and Faisal
Published 16 Jul, 2015 12:00am
Farmers warned of viral, pest attacks on crops
Cotton

Farmers warned of viral, pest attacks on crops

Farmers of rain-fed parts in upcountry have been advised to sow maize following the continuing monsoon rains, besides warned of viral and pest attacks on their corps. The Met Office also advised the farmers to remove weeds, which are expected to grow, fro
Published 16 Jul, 2015 12:00am
Industrialists, traders hail Iran nuclear deal

Industrialists, traders hail Iran nuclear deal

Hailing the nuclear deal reached between Iran and six major world powers, industrialists and traders have termed it a `good omen' for the whole world. Federation of Pakistan Chamber of Commerce and Industry's (FPCCI) former vice president Gulzar Firoz sai
Published 16 Jul, 2015 12:00am
Two KDA employees remanded in police custody

Two KDA employees remanded in police custody

An Anti-Terrorism Court (ATC) remanded two Karachi Development Authority (KDA) employees Najeebullah Siddiqui and Faisal Maqsood in police custody till 23 July 2015 for their alleged involvement in harbouring terrorists. Police produced the accused before
Published 16 Jul, 2015 12:00am
Hot and humid weather forecast in next 24 hours

Hot and humid weather forecast in next 24 hours

The Met Office on Wednesday forecast a very hot and humid weather for most parts of the country in the next 24 hours. However, it said that rain-thundershower with gusty winds was expected at isolated places in Hazara, Rawalpindi, Islamabad, Lahore and Gu
Published 16 Jul, 2015 12:00am
PTI, MQM submit resolutions in Sindh PA

PTI, MQM submit resolutions in Sindh PA

Pakistan Tehreek-e-Insaf (PTI) and Muttahida Qaumi Movement (MQM) spent Wednesday afternoon moving resolutions against one another in the Sindh Assembly, both inspired by what they say is the other's criticism of the armed forces. The PTI resolution asks
Published 16 Jul, 2015 12:00am
Cleaning of drains: SHC seeks comments from respondents

Cleaning of drains: SHC seeks comments from respondents

Sindh High Court on Wednesday sought comments from Sindh chief secretary, secretary finance, the city administrator, and Karachi Water & Sewerage Board's managing director on a petition seeking removal of encroachments and cleaning of the city's drains be
Published 16 Jul, 2015 12:00am
Tourism Corporation plans lease of 15 guest houses

Tourism Corporation plans lease of 15 guest houses

To develop tourism across Khyber Pakhtunkhwa province, the tourism corporation has finalised the lease of 15 guest houses situated in Galyat. This was stated by the Managing Director Tourism Corporation Khyber Pakhtunkhwa Mushtaq Ahmed Khan while talking
Published 16 Jul, 2015 12:00am
Panic alert system installed at 31 media houses

Panic alert system installed at 31 media houses

The police have completed security audit and survey of 38 media houses and installed panic alert system at 31 outlets to avert any untoward incident there. Following the directions of Minister for Interior, Chaudhry Nisar Ali Khan, various steps had been
Published 16 Jul, 2015 12:00am
PFF bank accounts: IHC issues notice to FIA

PFF bank accounts: IHC issues notice to FIA

Islamabad High Court (IHC) on Wednesday issued notice to Federal Investigation Agency (FIA) on a petition filed against the suspension of bank accounts of Pakistan Football Federation (PFF). Syed Faisal Saleh Hayat, President and Colonel Ahmadyar Khan (Re
Published 16 Jul, 2015 12:00am
OMD partners with Pakistan Cables

OMD partners with Pakistan Cables

OMD Pakistan has partnered with Pakistan Cables Limited for all their media planning and buying business. Pakistan Cables Limited is the country's oldest, most trusted and premium cable manufacturer and is affiliated with General Cable Corporation, a Fort
Published 16 Jul, 2015 12:00am
7 XENs, 15 SDOs of PESCO suspended for poor performance

7 XENs, 15 SDOs of PESCO suspended for poor performance

Seven Executive Engineers (EXNs) and 15 Sub-Divisional Officers (SDOs) of Peshawar Electricity Supply Company (PESCO) have been suspended over poor and inefficient performance. A task of improvement of recovery and decrease in line losses were given to al
Published 16 Jul, 2015 12:00am
Presentation on drones

Presentation on drones

UK Parliamentary Committee on Drones in the British Parliament has received a presentation by Dr Talat Farooq recently. It is the first time that any Pakistani has shared his or her original field work in Pakistan on drones. It is reliably learnt here on
Published 16 Jul, 2015 12:00am
Modern tech replaces tradition of sending Eid cards

Modern tech replaces tradition of sending Eid cards

With the advent of latest means of communication, the tradition of sending Eid greeting cards started dying world over, as the trend replaced with handy and far cheaper SMS and internet based E-cards. In modern era one of the particular trend the practice
Published 16 Jul, 2015 12:00am
Educational credentials: Reham Khan dismisses foreign media report

Educational credentials: Reham Khan dismisses foreign media report

Reham Khan, the wife of Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan, who is also a broadcast journalist, on Wednesday dismissed a report published in foreign media questioning his academic credentials. Reham Khan said that she never claimed to have
Published 16 Jul, 2015 12:00am
Rehabilitation of residents in FATA: China to provide $10 million grant

Rehabilitation of residents in FATA: China to provide $10 million grant

Ambassador of China to Pakistan, Sun Weidong and Secretary Economic Affairs Division (EAD), Muhammad Saleem Sethi, signed an agreement on behalf of their respective governments on award of special grant. According to the agreement, grant of $10 million in
Published 16 Jul, 2015 12:00am
KMC plans model graveyard in Surjani

KMC plans model graveyard in Surjani

Administrator KMC Shoaib Ahmed Siddiqui has directed Municipal Services Department to construct a model graveyard on a four acres piece of land in Surjani Town on which the work on building boundary walls should start as soon as possible. He said this in
Published 16 Jul, 2015 12:00am
SHC asks AG to file report over offensive remarks in three days

SHC asks AG to file report over offensive remarks in three days

A single bench of Sindh High Court (SHC) comprising Justice Muhammad Shafi Siddiqui has asked Advocate General, Sindh to launch an inquiry over derogatory remarks against court and file a report within three days. The orders were passed by the court Wedne
Published 16 Jul, 2015 12:00am
Eid prayers: foolproof security of public places ordered

Eid prayers: foolproof security of public places ordered

Commissioner of Karachi, Shoaib Ahmad Siddiqui, has ordered district officials to ensure immediate cleaning, proper lighting and provision of potable water at all the designated sites for Eid prayers in the metropolis. In his directives issued on Wednesda
Published 16 Jul, 2015 12:00am
'RYK Industrial Estate to be operational by August'

'RYK Industrial Estate to be operational by August'

Punjab Industrial Estates Development and Management Company Chairman SM Tanveer has said the Rahim Yar Khan Industrial Estate will start working by August this year. "The 450-acre industrial estate in Rahim Yar Khan is near completion and it will initial
Published 16 Jul, 2015 12:00am
FCCI chief for enhancement of gas quota

FCCI chief for enhancement of gas quota

Industry has heaved a sigh of relief over much delayed enhancement of gas quota from 25 percent to 33 percent in middle of the hot summer season. "It is a good decision but we will not appreciate it as it clearly indicates that industry remained almost de
Published 16 Jul, 2015 12:00am
WHT issue: LCCI seeks amicable resolution

WHT issue: LCCI seeks amicable resolution

While the business community has rejected the federal government decision to impose 0.6 percent levy on bank transactions exceeding Rs 50,000, trade and industrial associations' representatives are persuading the government to withdraw this tax to avoid a
Published 16 Jul, 2015 12:00am
SNGPL disconnects supply to 148 consumers

SNGPL disconnects supply to 148 consumers

The Sui Northern Gas Pipeline Ltd (SNGPL) has disconnected gas connections of as many as 148 industrial and commercial consumers of Rawalpindi, Peshawar, Islamabad, Lahore, Sheikhpura, Gujranwala and other regions who owe amount of Rs 1.12 billion.
Published 16 Jul, 2015 12:00am
Punjab government announces Eid holidays

Punjab government announces Eid holidays

Punjab government has announced public holidays from July 17 to 21 (Friday, Saturday, Sunday, Monday & Tuesday) on the eve of Eid-ul-Fitr. A notification has been issued in this regard.
Published 16 Jul, 2015 12:00am
Traders laud Iran nuclear deal

Traders laud Iran nuclear deal

The business community has welcomed on Wednesday the historic deal between Iran and world powers on Tehran's controversial nuclear programme and hoped that it would bring economic stability and prosperity in Iran. President of Multan Chamber of Commerce a
Published 16 Jul, 2015 12:00am
Wapda's hydel power contribution up by 19 percent in July

Wapda's hydel power contribution up by 19 percent in July

The Pakistan Water and Power Development Authority (WAPDA) provided 1.969 billion units of low-cost hydel electricity to the national grid through its hydel power stations during the first two weeks of July 2015. A WAPDA spokesman said here on Wednesday t
Published 16 Jul, 2015 12:00am
PSC urged to upgrade seed-processing plants

PSC urged to upgrade seed-processing plants

The Punjab agriculture minister has urged the Board of Directors of the Punjab Seed Corporation (PSC) to upgrade her seed-processing plants and also called for stronger and more active procurement, marketing and processing wings.
Published 16 Jul, 2015 12:00am
Nurses to hear good news anytime soon

Nurses to hear good news anytime soon

Advisor to Chief Minister Punjab on Health Khawaja Salman Rafique has said that practical steps are being taken for the promotion of nurses and work has already been started on service structure of nurses. "Departmental promotion committee meeting will be
Published 16 Jul, 2015 12:00am
Punjab Education Foundation launches new website

Punjab Education Foundation launches new website

Punjab Education Foundation has launched its new official website during a ceremony in a hotel. The foundation's IT Department has developed and launched the site. In a speech to audience, the foundation chairman said innovative features had been introduc
Published 16 Jul, 2015 12:00am
SIC celebrates 'Independence Day'

SIC celebrates 'Independence Day'

Sunni Ittehad Council (SIC) on Wednesday celebrated the Independence Day of Pakistan because Pakistan came into existence on 27th of Ramazan. Sahibzada Hamid Raza Chairman of SIC and Deputy Secretary Information Arshad Mustafaiwere present on the occasion
Published 16 Jul, 2015 12:00am
Woman attempts to commit suicide

Woman attempts to commit suicide

A woman attempted to commit suicide in the premises of the Lahore High Court when bail application of her husband involved in a human smuggling case was dismissed here on Wednesday. Chief Justice Manzoor Ahmad Malik taking notice of the suicide attempt by
Published 16 Jul, 2015 12:00am
FCCI announces election schedule

FCCI announces election schedule

Faisalabad Chamber of Commerce and Industry (FCCI) has announced its election schedule for the year 2015-16. A meeting of the executive committee of the FCCI held here ton Wednesday with Engr Rizwan Ashraf president FCCI in the chair. The executive commit
Published 16 Jul, 2015 12:00am
Interviews

Interviews

The Lahore High Court has announced that interviews for recurrent of posts of civil judges-civil-judicial magistrates, scheduled for July 21, will be held on July 24 because of the holidays.
Published 16 Jul, 2015 12:00am
LHC halts construction of small coal power project

LHC halts construction of small coal power project

Justice Shahid Karim of the Lahore High Court has halted the Small Coal Power Project near the Indian Border and referred the case for disposal to a full bench. The verdict followed a string of identical petitions filed by the Lahore Press Club and reside
Published 16 Jul, 2015 12:00am
HC meets members of APPG in London

HC meets members of APPG in London

Pakistan's High Commissioner to UK, Syed Ibne Abbas held a meeting with the members of the All Party Parliamentary Group (APPG) on Pakistan at the British Parliament in London on Wednesday. The two sides discussed a range of issues pertaining to bilateral
Published 16 Jul, 2015 12:00am
Mall Road: LCCI seeks ban on rallies

Mall Road: LCCI seeks ban on rallies

The Lahore Chamber of Commerce and Industry (LCCI) has urged the City District Government Lahore to resolve the issues including rallies, sit-ins on the Mall Road, confronted to the business community on priority basis to ensure smooth running of business
Published 16 Jul, 2015 12:00am
Fake magistrate arrested

Fake magistrate arrested

District administration has arrested an impersonator pretending as magistrate from Fawara Chowk area of the cantonment. The Deputy Commissioner (DC) Peshawar had received an SMS that a fake magistrate, who is collecting fruits from vendors at Fawara Chowk
Published 16 Jul, 2015 12:00am
BoI organises business, trade investment forum in South Korea

BoI organises business, trade investment forum in South Korea

Board of Investment (BoI) in collaboration with Embassy of Pakistan in South Korea organised Pakistan Business and Trade Investment Forum in Seoul, Korea during the official visit of Pakistan delegation led by Khurram Dastgir Khan, Commerce Minister. The
Published 16 Jul, 2015 12:00am
Tax reforms?

Tax reforms?

That the uproar on imposition of withholding tax on bank transactions continues to deepen every passing day is a poor reflection of our policymaking processes. Influenced by the International Monetary Fund (IMF) the government deemed it necessary to impos
Published 16 Jul, 2015 12:00am
Pakistan and Greece

Pakistan and Greece

The catalyst behind a very recent article, since full credits are required for punctilious journalism, is a piece authored by Anil Kashyap of the University Of Chicago Booth School Of Business on the Greece crisis, courtesy @zerohedge on Twitter. The part
Published 16 Jul, 2015 12:00am
Skills that make creative people thrive

Skills that make creative people thrive

These are the skills which generally encourage people to achieve their goals by fulfilling their potential. These skills are relevant in many fields and assist the users to improve their creativity.
Published 16 Jul, 2015 12:00am
VIEW POINT: Defective accountability

VIEW POINT: Defective accountability

PML-N and the PPP are mad at the National Accountability Bureau (NAB) Chairman Qamar-uz-Zaman for submitting before a Supreme Court bench a list of 150 mega corruption cases that includes, among others, the names of Prime Minister Nawaz Sharif, Punjab Chi
Published 16 Jul, 2015 12:00am
Critical fallout of Iran deal

Critical fallout of Iran deal

After 20 months of tough negotiations, some quite gruelling, Iran and the global powers have succeeded in sealing a nuclear deal, a deal that both sides deservedly claim as vindication of their stated positions. Iran always said its nuclear programme is f
Published 16 Jul, 2015 12:00am
Textiles need support, not isolation
Cotton

Textiles need support, not isolation

The stakeholders in the textile trade want the federal government to maintain an independence status of Ministry of Textile, while the establishment wants its merger with Commerce Ministry (MoC) - a situation that existed before the bifurcation. In essenc
Published 16 Jul, 2015 12:00am
Mullah Omar hails 'legitimate' peace talks

Mullah Omar hails 'legitimate' peace talks

Taliban leader Mullah Omar Wednesday hailed as "legitimate" peace talks aimed at ending Afghanistan's 13-year war, in his first comments on the nascent dialogue, easing concerns that it lacked the leadership's backing. Afghan officials sat down with Talib
Published 16 Jul, 2015 12:00am
Mullah Omar hails 'legitimate' peace talks

Mullah Omar hails 'legitimate' peace talks

Taliban leader Mullah Omar Wednesday hailed as "legitimate" peace talks aimed at ending Afghanistan's 13-year war, in his first comments on the nascent dialogue, easing concerns that it lacked the leadership's backing. Afghan officials sat down with Talib
Published 16 Jul, 2015 12:00am
Pakistan helped secure Taliban talks

Pakistan helped secure Taliban talks

Military says its role in brokering landmark Taliban peace talks last week proves it is serious about tackling Islamist militancy in the region. The heads of the army and Inter-Services Intelligence (ISI) were personally involved in bringing about talks b
Published 16 Jul, 2015 12:00am
Pakistan helped secure Taliban talks

Pakistan helped secure Taliban talks

Military says its role in brokering landmark Taliban peace talks last week proves it is serious about tackling Islamist militancy in the region. The heads of the army and Inter-Services Intelligence (ISI) were personally involved in bringing about talks b
Published 16 Jul, 2015 12:00am
''Tax evasion'': K-Electric rejects TI Pakistan claims

''Tax evasion'': K-Electric rejects TI Pakistan claims

K-Electric rejected the claims of tax evasion being made by Transparency IInternational Pakistan. The power utility, in a statement said that for a reputed organisation, levelling such charges shows a disregard for diligence and research, and a lack of kn
Published 16 Jul, 2015 12:00am
'Tax evasion': K-Electric rejects TI Pakistan claims

'Tax evasion': K-Electric rejects TI Pakistan claims

K-Electric rejected the claims of tax evasion being made by Transparency IInternational Pakistan. The power utility, in a statement said that for a reputed organisation, levelling such charges shows a disregard for diligence and research, and a lack of kn
Published 16 Jul, 2015 12:00am
'Tax evasion': K-Electric rejects TI Pakistan claims

'Tax evasion': K-Electric rejects TI Pakistan claims

K-Electric rejected the claims of tax evasion being made by Transparency IInternational Pakistan. The power utility, in a statement said that for a reputed organisation, levelling such charges shows a disregard for diligence and research, and a lack of kn
Published 16 Jul, 2015 12:00am
Martyrs, survivors of APS: Army Chief hosts Iftar-dinner

Martyrs, survivors of APS: Army Chief hosts Iftar-dinner

Chief of Army Staff (COAS) General Raheel Sharif on Wednesday held an iftar-dinner to remember and honour the martyrs and survivors of the deadly terrorist attack that took place at the Army Public School in Peshawar in December last year. Speaking on the
Published 16 Jul, 2015 12:00am
Martyrs, survivors of APS: Army Chief hosts Iftar-dinner

Martyrs, survivors of APS: Army Chief hosts Iftar-dinner

Chief of Army Staff (COAS) General Raheel Sharif on Wednesday held an iftar-dinner to remember and honour the martyrs and survivors of the deadly terrorist attack that took place at the Army Public School in Peshawar in December last year. Speaking on the
Published 16 Jul, 2015 12:00am
Bank transactions by non-filers: banks allowed to deposit WHT by July 31

Bank transactions by non-filers: banks allowed to deposit WHT by July 31

The Federal Board of Revenue (FBR) has decided to allow banks to deposit withholding tax being deducted/collected up to July 19, 2015 on banking transactions of non-filers under Section 236p of the Income Tax Ordinance by July 31, 2015. The FBR has issued
Published 16 Jul, 2015 12:00am
Bank transactions by non-filers: banks allowed to deposit WHT by July 31

Bank transactions by non-filers: banks allowed to deposit WHT by July 31

The Federal Board of Revenue (FBR) has decided to allow banks to deposit withholding tax being deducted/collected up to July 19, 2015 on banking transactions of non-filers under Section 236p of the Income Tax Ordinance by July 31, 2015. The FBR has issued
Published 16 Jul, 2015 12:00am
Bank transactions by non-filers: banks allowed to deposit WHT by July 31

Bank transactions by non-filers: banks allowed to deposit WHT by July 31

The Federal Board of Revenue (FBR) has decided to allow banks to deposit withholding tax being deducted/collected up to July 19, 2015 on banking transactions of non-filers under Section 236p of the Income Tax Ordinance by July 31, 2015. The FBR has issued
Published 16 Jul, 2015 12:00am
Fiscal Year 2015 FDI down 58 percent

Fiscal Year 2015 FDI down 58 percent

The Foreign Direct Investment (FDI) fell by 58 percent during the last fiscal year (FY15), mainly due to political unrest and energy crisis. Economist said that in the absence of privatisation proceeds, it was already being expected that FDI in FY15 will
Published 16 Jul, 2015 12:00am
Fiscal Year 2015 FDI down 58 percent

Fiscal Year 2015 FDI down 58 percent

The Foreign Direct Investment (FDI) fell by 58 percent during the last fiscal year (FY15), mainly due to political unrest and energy crisis. Economist said that in the absence of privatisation proceeds, it was already being expected that FDI in FY15 will
Published 16 Jul, 2015 12:00am
Fiscal Year 2015 FDI down 58 percent

Fiscal Year 2015 FDI down 58 percent

The Foreign Direct Investment (FDI) fell by 58 percent during the last fiscal year (FY15), mainly due to political unrest and energy crisis. Economist said that in the absence of privatisation proceeds, it was already being expected that FDI in FY15 will
Published 16 Jul, 2015 12:00am
India clears $4.74 billion defence purchase

India clears $4.74 billion defence purchase

India's defence ministry has cleared the purchase of military equipment worth $4.74 billion, including four long-range patrol aircraft from US aerospace giant Boeing, an official said Wednesday. The Defence Acquisition Council, which approves big-ticket p
Published 16 Jul, 2015 12:00am
India clears $4.74 billion defence purchase

India clears $4.74 billion defence purchase

India's defence ministry has cleared the purchase of military equipment worth $4.74 billion, including four long-range patrol aircraft from US aerospace giant Boeing, an official said Wednesday. The Defence Acquisition Council, which approves big-ticket p
Published 16 Jul, 2015 12:00am
Chaos in Japan parliament as defence bill sparks uproar

Chaos in Japan parliament as defence bill sparks uproar

There were chaotic scenes inside Japan's normally orderly parliament Wednesday as opposition lawmakers thronged a committee room in an unsuccessful bid to block Prime Minister Shinzo Abe's controversial security bills. Dozens of politicians held signs pro
Published 16 Jul, 2015 12:00am
Chaos in Japan parliament as defence bill sparks uproar

Chaos in Japan parliament as defence bill sparks uproar

There were chaotic scenes inside Japan's normally orderly parliament Wednesday as opposition lawmakers thronged a committee room in an unsuccessful bid to block Prime Minister Shinzo Abe's controversial security bills. Dozens of politicians held signs pro
Published 16 Jul, 2015 12:00am
Prices of CNG likely to be deregulated

Prices of CNG likely to be deregulated

The government is likely to deregulate the prices of compressed natural gas (CNG) following the supply of imported liquefied natural gas (LNG) to CNG outlets. According to a summary of the ministry of petroleum and natural resources forwarded to the Econo
Published 16 Jul, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (July 15, 2015) and the forecast for Thursday (July 16, 2015).

Published 16 Jul, 2015 12:00am
Prices of CNG likely to be deregulated

Prices of CNG likely to be deregulated

The government is likely to deregulate the prices of compressed natural gas (CNG) following the supply of imported liquefied natural gas (LNG) to CNG outlets. According to a summary of the ministry of petroleum and natural resources forwarded to the Econo
Published 16 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Jul, 2015 12:00am
Prices of CNG likely to be deregulated

Prices of CNG likely to be deregulated

The government is likely to deregulate the prices of compressed natural gas (CNG) following the supply of imported liquefied natural gas (LNG) to CNG outlets. According to a summary of the ministry of petroleum and natural resources forwarded to the Econo
Published 16 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Jul, 2015 12:00am
Violence as Greece debates reforms needed for bailout

Violence as Greece debates reforms needed for bailout

Anti-austerity protesters hurled petrol bombs at police guarding the Greek parliament Wednesday as MPs debated deeply unpopular reforms they need to vote in to clear the way for a eurozone rescue of Greece''s failing economy. Riot police used tear gas to
Published 16 Jul, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 15, 2015).

Published 16 Jul, 2015 12:00am
Violence as Greece debates reforms needed for bailout

Violence as Greece debates reforms needed for bailout

Anti-austerity protesters hurled petrol bombs at police guarding the Greek parliament Wednesday as MPs debated deeply unpopular reforms they need to vote in to clear the way for a eurozone rescue of Greece's failing economy. Riot police used tear gas to p
Published 16 Jul, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 15, 2015)

Published 16 Jul, 2015 12:00am
Violence as Greece debates reforms needed for bailout

Violence as Greece debates reforms needed for bailout

Anti-austerity protesters hurled petrol bombs at police guarding the Greek parliament Wednesday as MPs debated deeply unpopular reforms they need to vote in to clear the way for a eurozone rescue of Greece's failing economy. Riot police used tear gas to p
Published 16 Jul, 2015 12:00am
ISE index up 23.26 points

ISE index up 23.26 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Wednesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 23.26 points as the ISE Ten Index moved
Published 16 Jul, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (July 15, 2015).

Published 16 Jul, 2015 12:00am
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