The banking sector has performed well during last year and the profit after tax of the banking sector for calendar year 2015 stood at Rs 199 billion, around 22 percent higher than Rs 163 billion recorded in CY14.
The Accountability Court on Thursday admitted for hearing a corruption reference filed by National Accountability Bureau against the former petroleum minister Dr Asim Hussain. The NAB reference contained a 40-page investigation report along with numerous
The Accountability Court on Thursday admitted for hearing a corruption reference filed by National Accountability Bureau against the former petroleum minister Dr Asim Hussain. The NAB reference contained a 40-page investigation report along with numerous
Pakistan equities ended almost flat Thursday with the KSE-100 index adding 16 more points to close at 30,802 points. "Index closed flat today," said analysts at Topline Research attributing the positive trend to recovery in almost all steel stocks on the
Pakistan equities ended almost flat Thursday with the KSE-100 index adding 16 more points to close at 30,802 points. "Index closed flat today," said analysts at Topline Research attributing the positive trend to recovery in almost all steel stocks on the
Pakistan equities ended almost flat Thursday with the KSE-100 index adding 16 more points to close at 30,802 points. "Index closed flat today," said analysts at Topline Research attributing the positive trend to recovery in almost all steel stocks on the
On Thursday, BRIndex30 opened at 18,741.77 points. It touched an intraday high of 18,939.35 points and an intraday low of 18,729.17 points and closed at 18,765.95 points which was 24.18 points or 0.13 percent higher than previous close. Total volume was 7
On Thursday, BRIndex30 opened at 18,741.77 points. It touched an intraday high of 18,939.35 points and an intraday low of 18,729.17 points and closed at 18,765.95 points which was 24.18 points or 0.13 percent higher than previous close. Total volume was 7
Prime Minister Nawaz Sharif will break ground for the Green Line Bus Rapid Transit System in Karachi on Friday - first ever Rapid Transit system of the country to be initiated by the federal government. The Green Line Bus Rapid Transit System is a signifi
Prime Minister Nawaz Sharif will break ground for the Green Line Bus Rapid Transit System in Karachi on Friday - first ever Rapid Transit system of the country to be initiated by the federal government. The Green Line Bus Rapid Transit System is a signifi
Prime Minister Nawaz Sharif will break ground for the Green Line Bus Rapid Transit System in Karachi on Friday - first ever Rapid Transit system of the country to be initiated by the federal government. The Green Line Bus Rapid Transit System is a signifi
Mexico's current account deficit swelled last year to its largest in at least 20 years, as a collapse in oil prices widened its shortfall in foreign trade, central bank figures showed on Thursday. The current account deficit widened to $32.38 billion from
Money-losing Sharp on Thursday accepted a multi-billion-dollar bailout from the parent of Taiwan's Foxconn, ending speculation over its uncertain future with the first foreign takeover of a major Japanese electronics firm. Sharp - which has teetered on th
Russia sounded the alarm bells on Thursday over growing risks in its airline industry, saying more carriers could go bankrupt. Last October, Russia's second-biggest carrier Transaero stopped flying due to financial problems. "On the whole airlines are acc
Bank of Cyprus, the island's largest lender, Thursday posted a pre-tax loss of 438 million euros for 2015 after having increased provisions for bad loans as instructed by the EU. "Due to the elevated provisions for the quarter, the Group reported a loss a
Bank of Cyprus, the island's largest lender, Thursday posted a pre-tax loss of 438 million euros for 2015 after having increased provisions for bad loans as instructed by the EU. "Due to the elevated provisions for the quarter, the Group reported a loss a
EU member Poland wants to cancel its bilateral investment treaties (BITS) on the basis of which foreign investors have lodged claims worth nearly a billion euros in international arbitration, a senior minister said Thursday. "Investment arbitration is one
Australian business investment rose the first time in a year last quarter as spending picked up outside the battered mining sector, but downgrades to firms' future plans meant a meaningful recovery remained elusive. Most disappointing was the Australian B
Higher spending by Spanish households helped sustain robust economic growth in the fourth quarter, bolstering hopes that momentum will carry far enough into 2016 to prevent a political deadlock from derailing a well-established recovery. After a long rece
Iran's top leader warned voters on Wednesday the West was plotting to influence elections pitting centrists close to President Hassan Rouhani against conservative hard-liners in a contest that could shape the Islamic Republic for years to come. In remarks
Iran's top leader warned voters on Wednesday the West was plotting to influence elections pitting centrists close to President Hassan Rouhani against conservative hard-liners in a contest that could shape the Islamic Republic for years to come. In remarks
Renowned actor, director and producer of Lollywood's post partition era Habib passed away here on Thursday at the age of 85. Habib was admitted to a hospital in Lahore after suffering brain haemorrhage two weeks ago. Habib left behind two sons and four da
Renowned actor, director and producer of Lollywood's post partition era Habib passed away here on Thursday at the age of 85. Habib was admitted to a hospital in Lahore after suffering brain haemorrhage two weeks ago. Habib left behind two sons and four da
The government came under severe criticism for making huge payment of Rs 480 billion within a day to clear the circular debt of power sector by bypassing all rules and regulations soon after coming into power. A meeting of Senate Standing Committee on Fin
The government came under severe criticism for making huge payment of Rs 480 billion within a day to clear the circular debt of power sector by bypassing all rules and regulations soon after coming into power. A meeting of Senate Standing Committee on Fin
The rupee inched up against the dollar on the money market on Thursday in the process of trading dealers said. The rupee gained two paisas versus the dollar for buying and selling at Rs 104.65 and Rs 104.68, they said.
The government came under severe criticism for making huge payment of Rs 480 billion within a day to clear the circular debt of power sector by bypassing all rules and regulations soon after coming into power. A meeting of Senate Standing Committee on Fin
The rupee inched up against the dollar on the money market on Thursday in the process of trading dealers said. The rupee gained two paisas versus the dollar for buying and selling at Rs 104.65 and Rs 104.68, they said.
European lawmakers on Thursday called for an EU arms embargo against Saudi Arabia over its military campaign in conflict-torn Yemen which has caused "thousands of deaths." Saudi Arabia told AFP last week it would continue its intervention, launched in Mar
European lawmakers on Thursday called for an EU arms embargo against Saudi Arabia over its military campaign in conflict-torn Yemen which has caused "thousands of deaths." Saudi Arabia told AFP last week it would continue its intervention, launched in Mar
Opposition leader in the National Assembly Khurshid Shah said Wednesday the government has planned to amend the law only once the National Accountability Bureau decided to become active in Punjab. He said the Pakistan Peoples' Party has been advocating fo
Opposition leader in the National Assembly Khurshid Shah said Wednesday the government has planned to amend the law only once the National Accountability Bureau decided to become active in Punjab. He said the Pakistan Peoples' Party has been advocating fo
The government says it will allow the country's cricket team to compete in the World Twenty20 in India next month. The Pakistan Cricket Board sought government approval to travel to India and says "the permission has been given specifically" for the World
The government says it will allow the country's cricket team to compete in the World Twenty20 in India next month. The Pakistan Cricket Board sought government approval to travel to India and says "the permission has been given specifically" for the World
The Foreign Office on Thursday said that a special investigation team is likely to visit India shortly in connection with the Pathankot terror attack to collect evidence. Foreign Office spokesperson Qazi Khalilullah while responding to media queries durin
The Foreign Office on Thursday said that a special investigation team is likely to visit India shortly in connection with the Pathankot terror attack to collect evidence. Foreign Office spokesperson Qazi Khalilullah while responding to media queries durin
The federal government has reportedly clipped the wings of Engineering Development Board (EDB), a technical body of Industries Ministry, by shifting the power to determine machinery, equipment and other capital goods to the Water and Power Ministry in "qu
The federal government has reportedly clipped the wings of Engineering Development Board (EDB), a technical body of Industries Ministry, by shifting the power to determine machinery, equipment and other capital goods to the Water and Power Ministry in "qu
The federal government has reportedly clipped the wings of Engineering Development Board (EDB), a technical body of Industries Ministry, by shifting the power to determine machinery, equipment and other capital goods to the Water and Power Ministry in "qu
Bollywood actor Sanjay Dutt was released from prison early Thursday after serving almost four years of a five-year sentence for possessing weapons supplied by gangsters behind deadly bomb blasts in Mumbai in 1993. The disgraced star touched the ground wit
Islamabad Capital Territory (ICT) administration seized 2,000 kilogram substandard and unhygienic meat on Thursday and arrested 10 butchers and other workers. An official of the district administration said that following a tipoff, a team of ICT administr
The Senate Standing Committee on Commerce Thursday recommended the imposition of a unified duty of 35 percent on the import of apples and tightening of quarantine certificate to discourage influx of Iranian apples. The committee meeting partially presided
The Senate Standing Committee on Commerce Thursday recommended the imposition of a unified duty of 35 percent on the import of apples and tightening of quarantine certificate to discourage influx of Iranian apples. The committee meeting partially presided
Lawmakers from Muttahida Qaumi Movement (MQM) on Thursday staged a protest outside the Parliament House against a media ban on speeches of the party chief. MQM Parliamentary Leader Dr Farooq Sattar led the MQM legislators and they all gathered in front of
Tariq Fazal Chaudhry State Minister for Capital Administration and Development Division (CADD) has said that the social sciences can play key role in strong building of societies, as mega projects, infrastructures and constructions can only build cities b
An estimated 20 million children ie, almost half (47 percent) of the children between the age of 5-16 years, are out of school whereas Balochistan tops the list with 70 percent followed by the Federally Administered Tribal Areas (FATA) with 60 percent out
The Lahore High Court division bench sought a report from case respondents by March 7 in connection with a petition seeking the stay of tendering process once a Chinese company gets down to work on the controversial Orange Line Metro Train project.
Farmers from Bajaur Agency have expressed concerns over the ban on sale and transportation of fertilisers and have asked the government to lift the restriction immediately. Talking to reporters on Thursday, farmers belonging to different areas of the agen
Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting on Thursday which reviewed in detail the progress on iron ore reserves project in Chiniot. The Chinese, German, Canadian and Irish scientists presented initial report to the Chief Min
President Sialkot Chamber of Commerce and Industry (SCCI) Mansoor Ahmed has hailed the government's decision of allocating Rs 400 million for Sialkot Tannery Zone (STZ) and termed it a right step in a right direction. While talking to Business Recorder
President Sialkot Chamber of Commerce and Industry (SCCI) Mansoor Ahmed has hailed the government's decision of allocating Rs 400 million for Sialkot Tannery Zone (STZ) and termed it a right step in a right direction. While talking to Business Recorder
National Assembly Standing Committee on Water and Power and Ministry of Water and Power on Thursday took on Ministry of Finance and Planning Division for slow release of allocated funds for water sector projects. Presided over by Arshad Khan Leghari, the
The Federal Board of Revenue (FBR) has decided to take away the powers of FBR Member Customs to head Customs Adjudication Collectorates and handed over the administrative control of these Collectorates to the FBR Member Legal. It is learnt that the major
Ministry of Defence has demanded Rs 21.16 billion for Public Sector Development Programme (PSDP) for fiscal year 2016-17. Headed by Shaikh Rohail Asghar, the committee scrutinised the budgetary proposals of the Ministry for the PSDP for the Financial Year
The committee on the performance of the national flag carrier observed that PIA's relevant authorities could not provide plausible answers to questions asked by the members committee in previous meetings. Chairman Committee Senator Mushahidullah Khan expr
A petition by the Pakistan Awami Tehreek challenging the indictment of its workers in the Model Town incident has been rejected. On Thursday, Rai Bashir representing the party told the Lahore High Court that an anti-terrorism court had indicted the worker
KP government has decided to take forceful stance regarding its demand for increase in net hydel profit (NHP) and payment of NHP arrears, along with other matters relating to oil and gas in the upcoming meeting of the Council of Common Interests (CCI), as
A speech competition titled 'Tu Lang Ja Sadi Khair A' was organised on the occasion of 10th anniversary of Islamabad Traffic Police (ITP) in federal capital. The competition which was organised by Honda Atlas company in National Library Islamabad was pres
Expressing dismay over Capital Development Authority (CDA) in failing to meet task of clearing encroachments and business operation in residential areas on Thursday, the top court asked the relevant authorities to come up with a tangible solution.
Lotte Group, a leading South Korean conglomerate owing Lotte Chemical Pakistan Limited (LCPL), is considering to buy controlling shares, 51-52 percent, in Pepsi-Cola's Lahore business, it emerged on Thursday. The group's local affiliates confirmed to B
The Pakistan Poverty Alleviation Fund (PPAF) conducted the second provincial workshop on "Taking SDGs to the Field," in Peshawar. Field staff and senior management from 13 PPAF partner organisations working in KP gathered to deliberate on Sustainable Deve
Indus Earth Trust (IET) in collaboration with Pakistan Poverty Alleviation Fund (PPAF) has provided 3,000 home solar lights, 300 solar lanterns, 145 solar street lights, 100 hybrid wind-solar systems, 22 solar water pumps and some other livelihood support
KMC Administrator Sajjad Hussain Abbasi has cancelled the illegal leases issued in the premises of New Quaid-e-Azam Truck Stand at Hawkesbay Road. The layout plan of the truck stand was originally approved by the council through its resolution No CR-5032/