Dismissing 30 identical petitions challenging vires of Section 3 (8) of the Sales Tax Act 1990 as incorporated by the Ordinance of 2014, the Supreme Court directed CNG station owners to approach the Federal Board of Revenue (FBR) for refund of input tax,

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.35 per unit to consumers under a monthly fuel adjustment mechanism overcharged by the power Distribution Companies (Discos) in June 2016. The regulator has fixed Ju

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.35 per unit to consumers under a monthly fuel adjustment mechanism overcharged by the power Distribution Companies (Discos) in June 2016. The regulator has fixed Ju

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.35 per unit to consumers under a monthly fuel adjustment mechanism overcharged by the power Distribution Companies (Discos) in June 2016. The regulator has fixed Ju

The first meeting of Afghanistan-Pakistan joint technical working group under the high level consultation mechanism for co-ordination on border management and related security issues will be held in Kabul on 26 July 2016. Pakistan delegation to this meeti

The first meeting of Afghanistan-Pakistan joint technical working group under the high level consultation mechanism for co-ordination on border management and related security issues will be held in Kabul on 26 July 2016. Pakistan delegation to this meeti

Pakistan strongly condemns the dastardly terrorist acts in Kabul today that resulted in the loss of a number of precious human lives while injuring several others. The government and the people of Pakistan extend their sincere condolences and profound sym

Pakistan strongly condemns the dastardly terrorist acts in Kabul today that resulted in the loss of a number of precious human lives while injuring several others. The government and the people of Pakistan extend their sincere condolences and profound sym

Islamic State claimed responsibility for twin explosions Saturday that ripped through crowds of Shia Hazaras in Kabul, killing at least 80 people and wounding 231 others in the deadliest attack in the Afghan capital since 2001. The bombings during a huge

Islamic State claimed responsibility for twin explosions Saturday that ripped through crowds of Shia Hazaras in Kabul, killing at least 80 people and wounding 231 others in the deadliest attack in the Afghan capital since 2001. The bombings during a huge

The world''''s major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms

The world''s major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms fr

The world's major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms fro

The world's major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms fro

The world''s leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain''s vote to leave the European Union threatening more disruption. Cent

The world's leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain's vote to leave the European Union threatening more disruption. Centra

The world's leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain's vote to leave the European Union threatening more disruption. Centra

Pakistan has missed the cotton sowing target by a wide margin of 21 percent in the current crop season. As a result, the country would miss the production target of 14.1 million bales by over 25 percent. The official sources at the Ministry of Textile Ind

Pakistan has missed the cotton sowing target by a wide margin of 21 percent in the current crop season. As a result, the country would miss the production target of 14.1 million bales by over 25 percent. The official sources at the Ministry of Textile Ind

Pakistan has missed the cotton sowing target by a wide margin of 21 percent in the current crop season. As a result, the country would miss the production target of 14.1 million bales by over 25 percent. The official sources at the Ministry of Textile Ind

External Affairs Minister Sushma Swaraj on Saturday said Pakistan has only given us terrorists. Flanked by her deputies, Ministers of State MJ Akbar and former General VK Singh, speaking in New Delhi, she gave a response to Prime Minister Nawaz Sharif for

External Affairs Minister Sushma Swaraj on Saturday said Pakistan has only given us terrorists. Flanked by her deputies, Ministers of State MJ Akbar and former General VK Singh, speaking in New Delhi, she gave a response to Prime Minister Nawaz Sharif for

The Ministry of Finance has informed the Senate that different commercial banks waived off loans worth Rs 280 billion during the tenure of present government from 2013-15. In a written reply to a question asked by Senator Azam Khan Swati about the written

The Ministry of Finance has informed the Senate that different commercial banks waived off loans worth Rs 280 billion during the tenure of present government from 2013-15. In a written reply to a question asked by Senator Azam Khan Swati about the written

The Ministry of Finance has informed the Senate that different commercial banks waived off loans worth Rs 280 billion during the tenure of present government from 2013-15. In a written reply to a question asked by Senator Azam Khan Swati about the written

Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of Pakistan (SBP), on Monday. The minister on Friday chaired a meeting at the State Bank to review the macroeconomic situation

Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of Pakistan (SBP), on Monday. The minister on Friday chaired a meeting at the State Bank to review the macroeconomic situation

Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of Pakistan (SBP), on Monday. The minister on Friday chaired a meeting at the State Bank to review the macroeconomic situation

Tim Kaine made a big splash Saturday in his first appearance as Hillary Clinton's running mate for the White House, savaging Donald Trump's foreign policy ideas as dangerous and wowing a Miami crowd with fluent Spanish. Kaine, a 58-year-old senator from t

Tim Kaine made a big splash Saturday in his first appearance as Hillary Clinton's running mate for the White House, savaging Donald Trump's foreign policy ideas as dangerous and wowing a Miami crowd with fluent Spanish. Kaine, a 58-year-old senator from t

The teenager who shot dead nine people in a gun rampage in Munich was "obsessed" with mass killers like Norwegian rightwing fanatic Anders Behring Breivik and had no links to the Islamic State group, police said Saturday. Europe reacted in shock to the th

The teenager who shot dead nine people in a gun rampage in Munich was "obsessed" with mass killers like Norwegian rightwing fanatic Anders Behring Breivik and had no links to the Islamic State group, police said Saturday. Europe reacted in shock to the th

Following currency fluctuations took place in foreign exchange rates during the last half year.(January 4 to June 30, 2016)

The weather report on Saturday (July 23, 2016) and the forecast for Sunday (July 17, 2016).

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 23, 2016).

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 23, 2016).

Karachi Yarn Market Rates on Saturday (July 23, 2016).

Karachi Yarn Market Rates on Saturday (July 23, 2016).

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 23, 2016).

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 23, 2016).

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 23, 2016)

Paper market rates in rupees on Saturday (July 23, 2016).

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 23, 2016).

Karachi grain market rates in rupees on Saturday (July 23, 2016).

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 23, 2016).

Karachi Port's world-wide shipping schedule beginning Saturday (July 23, 2016).

Karachi Port's world-wide shipping schedule beginning Saturday (July 23, 2016).

Dollar buying and selling rate in the kerb market in rupees on Saturday (July 23, 2016).

A downward trend prevailed on the money market on Saturday as the rupee shed modestly against the dollar in the process of trading, dealers said. The rupee fell by 10 paisas in terms of the dollar for buying and selling at Rs 105.50 and Rs 105.70 respecti

A downward trend prevailed on the money market on Saturday as the rupee shed modestly against the dollar in the process of trading, dealers said. The rupee fell by 10 paisas in terms of the dollar for buying and selling at Rs 105.50 and Rs 105.70 respecti

The following were the cross transactions between client to client & financial institutions here on Saturday (July 23, 2016).

The following transactions member to member subsequently reported on Saturday (July 23, 2016).

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (July 23, 2016).

All timings are in PST (Pakistan Standard Time).

EU rapeseed oil prices on the European vegetable oils market were mostly higher on Thursday, boosted by gains in Chicago soyabean oil futures. EU rapeseed oil offers were unchanged to 4.00 euros a tonne higher with November-January last traded at 704 euro

Indonesian flour millers bought two cargoes of Australian prime wheat in recent deals, while an international trader sold one cargo of feed with optional origin to animal feed makers in Thailand, two trade sources said. Australian prime wheat with 10.5 pe

Small business was seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Makai low type was higher by Rs 75 to Rs 2325 and the best quality was up by Rs 30 to Rs 2400, other commodities maintained ove

Asia's naphtha cracks extended losses to reach a three-session low of $39.73 a tonne on Wednesday while the gasoline margin fell to a 1-1/2 week low of $1.83 a barrel due to unrelenting glut in supplies. Months of lower naphtha cargoes arriving in Asia fr

Fresh coffee bean prices in Indonesia, the world's third-biggest robusta producer, fell below those quoted by top producer Vietnam this week as a pickup in harvest boosted supplies, traders said. Indonesian premiums also narrowed after London robusta futu

Asian rice export prices were mixed on Wednesday, with prices in top exporter India edging up on higher demand and lower supplies, while Vietnamese prices fell to near the lowest in five months on a lack of buying interest, traders said. India's 5 percent

The July vaida continued downward trend on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The July vaida closed at Rs 2051.80 on Thursday and it commenced with Rs 2 down to Rs 2049.80 in the wee hours, they add

Trade activity improved on the cotton market on steady flow of buying orders from needy mills and spinners, dealers said on Saturday. The official spot rate failed to halt erosion, losing more Rs 100 to Rs 6,400, dealers said. Seed cotton prices in Sindh,

The lowest offer in an international tender from Tunisia's state grains agency on Thursday to purchase 142,000 tonnes of soft milling wheat was $177.69 a tonne c&f for optional-origin supplies, European traders said. No purchase has yet been made and resu

Freight rates for large capesize dry cargo ships on key Asian routes could nudge lower next week although they are generally expected to remain around the current levels, ship brokers said. "Owners still have confidence in the market," a Shanghai-based ca

Brazil's 2016-2017 coffee crop is 64 pct harvested as of July 19, up from 62 pct a year ago but slightly lagging the average harvest rate of 65 pct at this period, local crop analysts Safras & Mercado said on Thursday. Safras estimates the bumper crop at

Indian soyabean futures ended lower for a second straight session on Thursday as the steady sowing process of the oilseed continued due to a good monsoon season. The October soyabean contract on the National Commodity & Derivatives Exchange slipped 0.3 pe

China, the world's top sugar buyers, imported 369,189 tonnes of raw sugar in June, up 54 from the same period a year earlier and much more than prior months as low global prices attracted customers. Imports for the first six months, however, were down 43

Indonesia's crude palm oil (CPO) output likely rose 12.6 percent in June from May, marking a second month of growth as weather conditions improved although inventories still declined due to a stretch of dry weather, according to a Reuters survey.

Export premiums for soyabeans shipped from the US Gulf Coast were mostly unchanged on Thursday amid slowing demand for old-crop shipments and rising demand for post-harvest supplies, traders said. Exporters expect soyabean shipments to accelerate in the c

European wheat prices rocketed on Thursday on growing concerns about the final size of the harvest in top European Union producer and exporter France, traders said. Front-month September on Paris-based Euronext milling wheat futures unofficially closed 4.

US natural gas futures on Thursday edged higher on a slightly smaller-than-expected storage build and forecasts for continued hotter-than-normal weather over the next two weeks. The US Energy Information Administration said utilities added 34 billion cubi

Brazilian poultry processor GTFoods said on Monday it had bought 90,000 tonnes of Argentine corn as it tries to avoid higher domestic prices for the cereal. GTFoods, which is one of the largest poultry producers in the southern Parana state, said it will

From the heart of the US big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. The increased global p

Argentina on Thursday raised its view for the country's 2015-16 soyabean and corn crops thanks to robust yields but trimmed its outlook for the wheat planting area and warned that wet weather could reduce it further. The Agriculture Ministry said it now e

Blumberg Grain said on Wednesday its high-tech silos, the first phase of a wheat storage development project in Egypt, were not used to store any grain in this local harvest season despite being delivered on time. The announcement comes as Egypt, the worl

Britain's shock vote to leave the European Union has led analysts to raise their gold price forecasts again this year, after the decision shook up financial markets and sparked a rally in the precious metal to two-year highs. A poll of 25 analysts and tra

Russia's sugar production will increase to 5.6 million tonnes in 2016, from 5.2 million tonnes last year, thanks to a larger sowing area and favourable weather, Evgeny Ivanov, a sugar analyst at IKAR, forecast on Tuesday. Russia has been seeking to ramp u

Concern over the new Philippine government's mining policies is helping drive global nickel prices to nearly one-year highs, the local industry association said Friday. Staunch mining critic Gina Lopez, President Rodrigo Duterte's environment secretary, h

Iran has bought 60,000 tonnes of Brazilian raw sugar, adding to an earlier purchase this month as the Islamic Republic steps up imports, trade sources said on Thursday. They said Iran's state buyer the Government Trading Corporation (GTC) purchased the ca

A look at slumping corn prices would suggest that a huge US harvest is a certainty, but crop data from previous bumper years shows there is a roughly 50 percent chance that come September, yields could be lower than current forecasts. The US Department of

The threat of damage to wheat crops is increasing in parts of the European Union's top two producers, France and Germany, after weeks of wet, overcast weather, but improving conditions elsewhere could keep the EU on course for a decent harvest. France rem

The European Commission on Friday approved imports of Monsanto's Roundup Ready 2 Xtend genetically modified soyabean variety, after months of delays that had derailed the US seed giant's product launch this spring. The decision now clears the way for wide

China should let the market play a bigger role in dealing with bond defaults and local governments should reduce support for defaulting firms, a newspaper owned by the country's central bank said in a commentary on Saturday. If not, investors will lose th

China should let the market play a bigger role in dealing with bond defaults and local governments should reduce support for defaulting firms, a newspaper owned by the country's central bank said in a commentary on Saturday. If not, investors will lose th

Croatia's budget deficit shrunk by nearly 70 percent in the first half of 2016, Finance Minister Zdravko Maric said, due to faster-than-expected economic growth that could exceed this year's 2 percent target. The budget deficit in the first half amounted

South Korea's economy is likely to grow about 2.8 percent this year as it will get a boost from extra government spending and stronger exports, Finance Minister Yoo Il-ho said on Saturday. "I believe we can achieve 2.8 percent growth rate this year, parti

The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday. In a draft statement obtained by Reuters, the

Poland's parliament, led by the conservative Law and Justice (PiS) party, has passed a bill imposing a progressive levy on retailers aimed at bolstering the state budget. The tax, one of PiS's main election promises, will boost the budget by 1.5 billion z

Poland's parliament, led by the conservative Law and Justice (PiS) party, has passed a bill imposing a progressive levy on retailers aimed at bolstering the state budget. The tax, one of PiS's main election promises, will boost the budget by 1.5 billion z

Canada's economy should rebound "over the course of the year" from the impact of a wildfire in its energy heartland, Finance Minister Bill Morneau said on Saturday on the sidelines of a G20 meeting in Chengdu, China. The fire in the province of Alberta is

China has completed production of the world's largest amphibious aircraft after seven years of work, which it plans to use to perform marine rescue missions and fight forest fires, the Xinhua news agency reported. The AG600, which is about the size of a B

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said. A Hague arbitration court awarded the US company $96 million in 2011 in a

Audi aims to have three electric car models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, Chief Executive Rupert Stadler told a German newspaper. Audi's electric cars push, reported by Reuters earlier this week, i

Agriculture technology startup Indigo has raised $100 million in a new round of funding, bringing its total financing to more than $150 million, a sign of growing investor interest in new ways to ease food scarcity. The $100 million investment led by the

The remaining shops belonging to Britain's collapsed department store chain BHS will close down in the next four weeks at a potential cost of 5,000 jobs, Sky News said on Saturday. Loss-making BHS fell into administration in April and Sky said administrat

Around 120 Taiwanese nationals have been arrested in Greece for suspected telecom crimes, Taipei officials said Saturday, the latest such arrests abroad. They were caught in the suburbs of Athens Thursday, along with some Greeks, when local police thwarte

British Foreign Secretary Boris Johnson said on Friday he expects the UK to retain the right for its financial firms to sell services across European Union member states after Britain's exit from the bloc. Johnson, speaking to reporters in New York and th

Even after a good quarter, optimism is hard to find on Wall Street's bond trading floors. Revenue from fixed income, currency and commodities trading at the five biggest US banks rose 21 percent to $13.1 billion in the second quarter from a year earlier,

Even after a good quarter, optimism is hard to find on Wall Street's bond trading floors. Revenue from fixed income, currency and commodities trading at the five biggest US banks rose 21 percent to $13.1 billion in the second quarter from a year earlier,

The European Central Bank, faced with a further slowdown in eurozone growth after Britain's vote to leave the European Union, will soon be forced to extend and expand the scope of its asset purchase programme, a Reuters poll of economists showed. Apart fr