Prime Minister Nawaz Sharif Wednesday approved Rs40 billion new revenue generation measures, including imposition of regulatory duty (RD) on luxury items, withdrawal of a few income tax exemptions and enhancement in the rates of excise duty on some items.
The International Green Economy Association (IGEA), China on Wednesday made some inquiries about the development projects approved under the China-Pakistan Economic Corridor (CPEC). The Chinese think tank wrote a letter to Board of Investment (BoI) throug
The International Green Economy Association (IGEA), China on Wednesday made some inquiries about the development projects approved under the China-Pakistan Economic Corridor (CPEC). The Chinese think tank wrote a letter to Board of Investment (BoI) throug
The International Green Economy Association (IGEA), China on Wednesday made some inquiries about the development projects approved under the China-Pakistan Economic Corridor (CPEC). The Chinese think tank wrote a letter to Board of Investment (BoI) throug
Khyber Pakhtunkhwa government is said to have unearthed a federal government''s alleged plan aimed at depriving the province of its due rights in the context of the China-Pakistan Economic Corridor (CPEC).
Khyber Pakhtunkhwa government is said to have unearthed a federal government's alleged plan aimed at depriving the province of its due rights in the context of the China-Pakistan Economic Corridor (CPEC).
Khyber Pakhtunkhwa government is said to have unearthed a federal government's alleged plan aimed at depriving the province of its due rights in the context of the China-Pakistan Economic Corridor (CPEC).
Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules.
Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules.
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (November 25, 2015).
Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (November 25, 2015).
Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules.
The State Bank of Pakistan (SBP) sees a surge in the private sector lending in coming days on an accommodative monetary policy and improved energy supplies. According to Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 30th S
The State Bank of Pakistan (SBP) sees a surge in the private sector lending in coming days on an accommodative monetary policy and improved energy supplies. According to Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 30th S
The State Bank of Pakistan (SBP) sees a surge in the private sector lending in coming days on an accommodative monetary policy and improved energy supplies. According to Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 30th S
The National Assembly Wednesday passed three bills "The Anti-Money Laundering (Amendment) Bill, 2015, The Companies (Amendment) Bill, 2015 and The Stock Exchanges (Corporati-zation, Demutualization and Integration) (Amendment) Bill, 2015.
The National Assembly Wednesday passed three bills "The Anti-Money Laundering (Amendment) Bill, 2015, The Companies (Amendment) Bill, 2015 and The Stock Exchanges (Corporati-zation, Demutualization and Integration) (Amendment) Bill, 2015.
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 National Assembly Wednesday passed three bills "The Anti-Money Laundering (Amendment) Bill, 2015, The Companies (Amendment) Bill, 2015 and The Stock Exchanges (Corporati-zation, Demutualization and Integration) (Amendment) Bill, 2015.
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
NISHAT MILLS (PVT) LTD - MIAN MUHAMMAD MANSHA: Nishat Mills Limited is the flagship company of Nishat Group. It was established in 1951. It is one of the most modern, largest vertically integrated textile company in Pakista
Textile industry, particularly in Punjab is in grip of unprecedented crisis and wheels of industry have come to a halt. Consequently, sizeable textile capacity had been severely impaired and country's exports are observing continuous decline both in quant
Honourable Governor Punjab Malik Rafique Ahmad Rajwana grace the occasion as Guest of Honour and appreciated the effort of PTEA for encouraging the textile exporters on their great contribution towards national economy. PTEA is thankful for his affiliatio
I am pleased to know that Pakistan Textile Exporters Association (PTEA) is organising the Export Excellence Awards 2015. This event is instrumental in acknowledging the achievements of our textile exporters and provides a platform for interaction, feedbac
Today is a great day for Pakistan Textile Exporters Association as we are honouring our valued members with PTEA Export Excellence Awards in recognition of their exceptional performance in textile exports last year.
It is a matter of pride that Pakistan Textile Exporters Association is organising PTEA Export Excellence Awards ceremony in recognition of the remarkable services of textile exporters. PTEA Export Excellence Awards will come to be recognised both locally
Pakistan Textile Exporters Association is organising PTEA Export Excellence Awards 2015 to recognise the outstanding achievements of textile exporters for enhancing the insignia of Pakistan. A value-added and modern export regime is the need of the hour,
The Punjab chief secretary is expecting current development projects in the province be completed in the stipulated time. Khizar Hayat Gondal chairing a meeting of administrative secretaries' committee at the Civil Secretaries on Wednesday discussed in de
Police on Wednesday baton charged teachers who were protesting outside the Sindh CM House for the acceptance of their demands. The protesting teachers, belonging to the interior Sindh, had staged a sit-in in front of the CM House to voice anger over non-p
The Election Commission of Pakistan (ECP) has finalised necessary arrangements for setting up polling stations and polling booths for upcoming local bodies elections in third phase in Sialkot district. Official sources told Business Recorder on Wed
Gearing up for show of strength, Jamaat-e-Islami (JI) and Pakistan Tehreek-e-Insaf (PTI) have decided to hold a joint rally in the city on November 28. The rally will be addressed by PTI chairman Imran Khan and JI chief Siraj-ul-Haq. The JI-PTI rally is t
The ruling United Business Group (UBG) of FPCCI has nominated famous businessman Mian Azizur Rehman Chan as candidate for Punjab FPCCI vice president. The decision was taken in a meeting jointly chaired by Chairman UBG Iftikhar Ali Malik and Patron-in-Chi
Amir Jamaat-e-Islami (JI) Pakistan Senator Siraj-ul-Haq has said that December 5, 2015 would be start of a positive change for the people of Lyari. He was addressing a big rally in the old city areas of District South. The rally was culminated into a part
Unilever Talent Hunt (UTH) 2015 has been launched as a means of attracting top talent from leading universities across Pakistan. UTH provides students the opportunity to showcase their academic and strategic acumen whilst helping Unilever build a stronger
Prime Minister Nawaz on Wednesday directed to place the Capital Development Authority (CDA) under the administrative control of Capital Administration and Development Division (CADD). Presently, the CDA is under the control of Cabinet Division, a brief st
Pakistan Wednesday decided to ratify the articles of agreement relating to Asian Infrastructure Investment Bank (AIIB). Prime Minister Muhammad Nawaz has given approval in this regard a brief statement issued by the PM's Media office here said.
Treet Corporation is among the oldest group of companies in Pakistan. Its history goes back to pre-partition when it was established as a diversification from the canteen and agricultural business. After the creation of Pakistan the company diversified in
Treet Corporation is among the oldest group of companies in Pakistan. Its history goes back to pre-partition when it was established as a diversification from the canteen and agricultural business. After the creation of Pakistan the company diversified in
This is apropos a news item "EU to resume deportations of migrants" carried by Business Recorder yesterday. According to the report, Europe's migration commissioner has said an agreement to deport undocumented migrants to Pakistan will be restored,
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.
The general rule is that VAT becomes chargeable at the time when a taxable supply of goods or services is made.1 The basis on which the trader is required to account for VAT is dealt with in accounting for VAT and money received basis.
Agriculture being the mainstay of Pakistan's economy, accounting for nearly 25 percent of country's GDP, 60 percent of export earnings and 48 percent of employment it makes it all the more important to reform the sector so as to make it more responsive to
Within the Syrian civil war there are many mini-wars, some being fought by contending national stakeholders and others between regional and global powers through their proxies. And as it continues, the contestants keep revising their agendas. In its first
Former Senior Member, Federal Board of Revenue (FBR), Shahid Hussain Asad, stated in an interview with Aaj News that there is a 40 billion rupee shortfall in the first quarter of the current year. This shortfall, he said, would be met through increasing t
ICE cotton futures rebounded on Tuesday from a six-week low hit the prior session as a weekly US government report showed slow harvest progress, particularly in No 2 growing state Georgia, as rains prevented farmers from undertaking harvest activities.
Nickel jumped 6 percent in Shanghai on Wednesday, leading a rebound in Chinese base metals, amid talk that producers may trim output as prices hit multi-year lows this week. Other Shanghai metals also rebounded. January copper rose 3.1 percent to 34,620 y
Copper prices fell on Wednesday as worries about an oversupplied market and weak demand growth from top consumer China were reinforced by a stronger dollar. Benchmark copper on the London Metal Exchange ended down 1.3 percent at $4,549 a tonne. The metal
Crude futures steadied on Wednesday, recovering from the lows of the day, after a smaller-than-expected supply build in the United States and drop in the number of US rigs actively drilling for oil. Traders and investors also appeared to be avoiding big n
Benchmark Tokyo rubber futures rebounded from the previous day's loss on Wednesday as surging Shanghai futures and higher overnight oil prices lent support, although gains were capped below a key 160 yen ceiling due to nagging worries about oversupply, de
US wheat futures fell more than 2 percent on Tuesday, giving up all the prior session's gains, as a further improvement in the condition of the US winter crop placed attention back on ample global supply of the staple cereal. Corn prices eased, following
Malaysian palm oil futures bounced back from early falls and closed higher on Wednesday, snapping four sessions of declines as bargain-hunting and a report of production drop offset a stronger ringgit. The February benchmark palm oil contract on the Bursa
Raw sugar futures fell on Wednesday, extending the prior session's volatile shift lower on the strong US dollar and market talk of Indian sales, while robusta coffee dipped as new supplies from top grower Vietnam came on stream.
Gold rose 1 percent on Tuesday, recovering from near six-year lows as news that Turkish fighter jets had shot down a Russian warplane near the Syrian border sparked a rush to safety among investors, weighing on the dollar. The metal remained under pressur
Gold added to overnight gains on Wednesday on a softer dollar and heightened tensions after Turkey shot down a Russian warplane, but the rally was capped on expectations of a US rate hike next month. Turkey shot down the Russian jet near the Syrian border
Gold dropped on Wednesday on a rebounding dollar after strong US economic data that heightened expectations of a rate hike from the Federal Reserve next month. Manufacturing output rose well above economists' expectations in October and a gauge of US busi
A major Chinese metals industry body has called for authorities to investigate "malicious" short selling of metals markets on the Shanghai Futures Exchange, industry sources said, the latest sign of panic about sinking prices in the world's top producer.
Soyabeans futures climbed 1 percent early on Wednesday, bouncing on bargain-buying after this week's 6-1/2 year low, ahead of a US holiday. Corn also rose due to a slow pace of farmer sales to the cash market, but nearby Chicago wheat futures dipped after
Gold prices dropped on Wednesday, hovering just above the lowest level in nearly six years on pressure from a rebounding dollar after strong US economic data heightened expectations of an interest rate hike from the Federal Reserve next month. Manufacturi
Wheat futures on the Chicago Board of Trade closed sharply lower on Tuesday, pressured by improving US winter crop conditions and ample global stocks, traders said. K.C. hard red winter wheat futures and MGEX spring wheat futures also settled lower.
Indian soyabeans ended nearly flat and rapeseed edged lower in a volatile session on Tuesday amid expectations that Rajasthan state would raise the ceiling limit on oilseed and oil stocks that dealers and millers can hold.
On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,282 million. The number of lots traded was 25.94 million. PMEX Commodity Index increased by 0.59 percent and closed at 2,589.
Export premiums for corn and soyabeans shipped from the US Gulf Coast were flat to lower on Tuesday amid generally weak CIF barge basis values and light demand, traders said. FOB basis offers for US wheat were steady to firm on slow grain movement and low
ICE Canadian canola dropped on Monday to a 2-1/2-month low, weakened by falling rapeseed prices and technical selling. Funds sold an estimated 2,000 January contracts, increasing their net short position to 20,000 contracts, a trader said. January canola
US natural gas futures were little changed on Tuesday as the latest forecasts for cooler weather and higher heating demand over the next two weeks offset potential declines from the expiration of the front-month options.
The Karachi Port handled 84,125 tonnes of cargo comprising 69,015 tonnes of import cargo and 15,110 tonnes of export cargo including 3,528 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Strong demand by mills and reports of tight supply of fine type helped the rates to sustain their present levels in the process of trading on Wednesday, dealers said. The official spot rate retained overnight levels at Rs 5,350, dealers said. In Sindh, se
Tea prices in Bangladesh plunged at a weekly auction on Tuesday, after a brief rise in the previous session, dragged down by inferior quality leaf. Bangladeshi tea fetched an average 191.41 taka ($2.44) per kg at the 28th auction of the current marketing
Prices moved both ways on the local grain market on Wednesday in the process of slow trading, dealer said. On the cereals front, wheat Mardan new picked up Rs 20 to Rs 3500, other commodities held the overnight levels on balanced demand and supply positio
Holders Barcelona celebrated qualifying for the last 16 of the Champions League with another stunning display on Tuesday, Luis Suarez and Lionel Messi both scoring twice in a 6-1 win against Roma. The Catalans and Bayern Munich both secured their places i
Sri Lankan legend Sanath Jayasuriya, former Australian World-Cup winning coach John Buchanan and former Indian pacer Venkatesh Prasad are the latest signings on the Pakistan Super League coach roster. With the addition of a wide variety of coaches, the Pa
James Anderson, Ian Bell and Alastair Cook are among the England players who could appear in the Pakistan Super League. Bell and Anderson have both signed agreements confirming their appearance in the competition's draft, while Cook has been in talks with
Female umpires will officiate for the first time in the women's World Twenty20 qualifiers, cricket's governing body announced on Wednesday. In a move designed to further the development of the women's game, the International Cricket Council (ICC) Women's
Singapore's Lions XII team has been kicked out of Malaysia's domestic league without explanation after the Malaysian football body decided not to extend its participation.
In addition to fitness and performance, professional and moral integrity are the fundamental requirements for youngsters to excel in sports. These views were expressed by the cricketers Salman Butt and Muhammad Asif while delivering lectures to WAPDA play
Morne Morkel and Simon Harmer bamboozled India with pace and spin on a tricky wicket but South Africa also suffered early blows in the third Test in Nagpur on Wednesday. Off-spinner Harmer claimed four wickets for 78 and fast bowler Morkel took three for
Pakistan's Twenty20 skipper Shahid Afridi Wednesday fully endorsed any resumption of cricket ties with India, saying wherever and whenever a series is played the show must go on, irrespective of politics.
The 5th Chief of Naval Staff Amateur Golf Championship will commence from Friday (November 27 and will be contested over three days with final to be held on Sunday at the exquisite Royal Palm Golf Course.
Former champions Pakistan will face England in a three-match Twenty20 series in Dubai from Thursday as they begin to settle their squads for next year's World Twenty20. Pakistan finished runners-up in the first edition of the World Twenty20 in 2007 before
Bank of England Governor Mark Carney said he did not know when British interest rates should start to rise, once again sounding vaguer than before about when the BoE might begin easing the economy off record-low borrowing costs.
The European Commission has approved Novartis' Entresto drug for the treatment of adult patients with symptomatic chronic heart failure with reduced ejection fraction, the Swiss drugmaker said on Tuesday. Entresto is the first new drug in decades for help