The Alternative Energy Development Board (AEDB) Wednesday accorded approval to the issuance of LoS for 11 wind power projects falling under the category-II under the Cabinet Committee on Energy.
The World Bank Wednesday updated Adviser on Finance Dr Abdul Hafeez Shaikh on its assistance under Pakistan Raises Revenue Project being provided to harmonize the sales tax across Pakistan, raise tax-to-GDP ratio to 17 percent by 2023-2024 and widen tax n
The parliamentarians want the International Monetary Fund (IMF) to soften its conditionalies of the ongoing programme because tough terms and conditions have triggered inflation and reduced investment and employment opportunities with grave consequences o
The Consumer Price Index (CPI) based general inflation from October 2018 to October 2019 rose by 11.04 percent on year-on-year (YoY) basis, while on month-on-month (MoM) basis, the CPI in October 2019 against September 2019 increased by 1.8 percent.
The Economic Coordination Committee (ECC) of the Cabinet has revised procedure for the import of used vehicles under personal baggage, transfer of residence and gift schemes to clear a total of 1,017 vehicles stuck at Karachi port.
The European Union and China have agreed to protect 100 European regional food designations, known as geographical indications (GI), in China and 100 Chinese geographical indications in the EU, the EU Commission said on Wednesday.
The deadlock between the government and the opposition continues to persist on Wednesday despite hectic efforts by the Chaudhry brothers, as JUI-F chief Maulana Fazlur Rehman sticks to his stance on resignation of Prime Minister Imran Khan and fresh elect
Jamiat Ulema-e-Islam-Fazl Emir Maulana Fazlur Rehman has said that the government will have to withdraw the Presidential Reference filed against Supreme Court Justice Qazi Faez Isa.
Former prime minister Nawaz Sharif, who remained under treatment here at Services Hospital for 16 days, on Wednesday shifted to his Jati Umra residence where an Intensive Care Unit (ICU) has been established under the supervision of a team of doctors.
The Securities and Exchange Commission of Pakistan (SECP) has proposed new brokers regime for stock market brokers with financial resource requirements, and divided them into three categories i.e. small-sized brokers (trading only brokers), trading & clea
The Supreme Court on Wednesday stated the credibility of judiciary also rests on its accountability; therefore, there should also be some checks on it.
Masked Islamic State militants attacked a border post on the Tajik-Uzbek border overnight, triggering a gun battle that killed 15 of the militants, a guard and a policeman, Tajik authorities said on Wednesday.
Pakistan Army is a non-political institution and security engagements it's involved in do not allow it to become part of any political activity, the chief military spokesperson said on Wednesday.
Democrats celebrated big election wins in two US states seen as a test of President Donald Trump's strength ahead of the 2020 elections, while Republicans held fast to a governorship in traditionally conservative Mississippi, results showed Wednesday.
Prime Minister Imran Khan has approved an ambitious tax reforms plan that includes launching of nationwide tax assessment and documentation drive along with survey of immoveable properties across the country.
This is apropos a Business Recorder editorial "The corridor" carried by the newspaper the other day. All is set to welcome the Sikh pilgrims from across the world, including India, on the occasion of 550th birth anniversary of Baba Guru Nanak Dev.
The United States' top market cop is slowly taking the shackles off corporations. Since becoming head of the Securities and Exchange Commission (SEC) in 2017, Jay Clayton has presided over more than two dozen measures which make life easier for America In
Much of Pakistan's current economic crisis revolves around the low savings and investment rates. This is the primary reason why Pakistan has been unable to compete with rest of the dynamic Asian region which has recorded phenomenal economic progress in th
We are not good at reading tea leaves. We can speculate on Maulana's motives but have no idea what particular 'freedom(s)' Azadi March is in search of.
In developed countries, the ratio of emissions of greenhouse gases from vehicles in total volume of environmental pollution is 20 percent but here in Pakistan it is 40 percent. And if not controlled the country's major cities are expected to be as paralyz
The Minister for Economic Affairs Hammad Azhar no doubt tasked to present a defense of the state of the economy amidst rising public clamour against accepting the upfront International Monetary Fund (IMF) conditions, instead of an appropriate phasing that
Terming environmental degradation a serious challenge for Pakistan, Prime Minister Imran Khan Wednesday said the government was carrying out a massive programme to protect the country having diversity of 12 natural ecological zones.
Pakistan Peoples Party (PPP) on Wednesday submitted an application to the superintendent Adiala Jail to allow former president Asif Ali Zardari to get examined by his personal private doctors and medical experts of his own choice for treatment of his vari
Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Wednesday said the so-called Azadi March of Jamait Ulema-e-Islam-Fazl (JUI-F) had become a 'hostage march' as its participants were being treated like hostages who w
Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday questioned that when would his mother and former Prime Minister Benazir Bhutto get justice. The PPP chairperson addressed the Multan Bar Court Association where he said he and his f
The Islamabad High Court (IHC) Wednesday deferred hearing in a petition seeking disqualification of Member of National Assembly (MNA) Noorul Hassan Tanveer belonging to Pakistan Muslim League-Nawaz (PML-N) for allegedly holding Iqama (work permit).
The Accountability Court hearing a corruption reference against former finance minister Ishaq Dar was informed by National Accountability Bureau (NAB) investigation officer (IO) on Wednesday that the main suspect had owned a house in Guberg Lahore before
Foreign Secretary Sohail Mahmood on Wednesday briefed the diplomatic corps regarding Pakistan's initiative of opening the Kartarpur Sahib Corridor, Foreign Office said.
The Election Commission of Pakistan (ECP) would become dysfunctional from 8 December as the Chief Election Commissioner (CEC) is retiring on 7 December unless there is a consensus on his replacement between Prime Minister Imran Khan and Leader of the Oppo
According to most recent study in Pakistan, 76.7 percent of women in menopausal stage reported depression, 71.8 percent reported anxiety and 75.4 percent reported irritability.
The Benami zone of the Regional Tax Office (RTO) has sought details of bank defaulters involved in purchase of Benami properties from loans. Sources said there is sufficient evidence of Benami owners involved in bank defaults. Accordingly, the zone has de
Pakistan Tehreek-e-Insaf's Member of Sindh Assembly Bilal Ghafar on Wednesday submitted a resolution in provincial assembly on failure of Sindh Solid Waste Management Board (SSWMB).
IBA Karachi's Human Resources (HR) department in collaboration with Saaya Health conducted a session to focus on the mental wellbeing of the Institute's students, staff and faculty.
Chief Coordinator, Karachi Industrial Forum (KIF), Muhammad Jawad Bilwani has urged Prime Minister Imran Khan to direct Sui Southern Gas Company (SSGC) to ensure uninterrupted supply to industries in Karachi.
Islamabad is likely to receive a widespread rain-thunderstorm on Thursday while the country's mountainous snowfall wand plains hailstorm, the Met Office on Wednesday.
Poverty, income inequality, regional disparity and illiteracy are four key problems, hindering Pakistan's economic growth and Islamic Banking can play a key role to address these challenges, said Dr Ishrat Hussain, Advisor to PM on Institutional Reforms a
The fifth session of Pakistan-Qatar Joint Commission, co-chaired by Minister of Commerce and Industry Ali bin Ahmed al Kuwari and Minister for Energy (Petroleum Division) of Pakistan Omar Ayub Khan, was held in Doha on November 4-5, 2019.
United Nations Development Programme (UNDP) & Byco Petroleum Pakistan Limited (BPPL) have signed an MOU to undertake Water Conservation initiatives by saving the water that is wasted, at Car Wash Stations, by re-using it. UNDP has developed an indigenous
Thar Foundation - the CSR arm of Sindh Engro Coal Mining Company (SECMC) - and International Union for Conservation of Nature (IUCN) along with Baahn Beli showcased their conservation efforts in Tharparkar at the Asian Regional Forum on Conservation here
The government is likely to revise down country's cotton production target of 10.2 million bales for the current season 2019-20 owing to increased moisture level in the produce following recent rains which will further deteriorate cotton lint quality.
More than 200 graduates were awarded Bachelor's, Master's and PhD degrees in the disciplines of Chemical Engineering, Materials Engineering, Architecture and Industrial Design at the combined convocation of NUST School of Chemical & Materials Engineering
The MoU signing ceremony was held on 04-11-19 at CDC House between BankIslami Pakistan Limited & Central Depository Company - CDC whereby both institutions have entered into an arrangement for implementation of CDC's Efficient Payment Mechanism (EPM) via
National Engineering Services Pakistan (NESPAK) Private Limited has won project design, construction supervision and implementation support of the ADB-funded Balochistan Water Resources Development Sector Project (BWRDSP) through national competitive bidd
Former Higher Education Commission ( HEC) chairman and Vice Chairman of Prime Minister Task Force on Technology Driven Knowledge Economy Prof Dr Atta ur Rehman has said that knowledge is key driver for socio-economic development of any country and our uni
An official contract signing ceremony between itel Pakistan and Airlink Communications was held at a local hotel in Lahore. The contract was signed by the CEO of itel Pakistan, Zeeshan Yousuf and CEO Airlink Communications, Muzaffar H. Paracha.
Asian Development Bank Country Director Ms Xiaohong Yang called on Advisor to Chief Minister on Economic Affairs, Planning & Development Dr Salman Shah and appreciated the efforts of Punjab government for facilitating public-private partnerships in the pr
Diabetes, blood pressure level and heartbeat of Nawaz Sharif have improved and overall health condition of Nawaz Sharif is out of danger, provincial Health Minister Dr Yasmin Rashid, said.
Over 62,000 police officials including 404 gazetted officers, 923 inspectors, 2,734 sub-inspectors, 5,058 ASIs, 4,081 head constables, 40451 constables, 7,953 volunteers and 670 special police officials will be deployed across the province for the securit
Punjab Chief Minister Sardar Usman Buzdar has accorded approval to the launch of motorbikes ambulance service in all the districts of the province of Punjab in a phased manner.
The Pakistan Industrial and Traders Association Front (PIAF) have appreciated the government efforts for settling the Karkey case, avoiding a penalty of $1.2 billion, asking the authorities to also resolve the Reko Diq case.
China Telecom, China Mobile and China Unicom, China's three major Chinese carriers debuted 5G service packages on October 31st, marking the official commercialization of 5G in the country.
Pakistan and China have expressed satisfaction over the progress on the $9.2 billion Main Line (ML-1) project under the China-Pakistan Economic Corridor (CPEC), which would be initiated next year.
Kissan Board Pakistan (KBP) Central President Chaudhry Nisar Ahmad reacting to a fresh increase in the electricity tariff has termed it as an injustice to the consumers.
The Securities and Exchange Commission of Pakistan (SECP) has been undertaking a reform agenda to revitalize the capital market and promote expansion of investor base. It is felt that small and medium sized brokerage houses, alongside large ones, have a c
Sindh government on Wednesday hurled serious charges of discrimination against Indus River System Authority (Irsa) in water distribution and urged withdrawal of No Objection Certificate (NOC) of the proposed 25MW Hydropower Project on Chashma Jehlum Link
Gharibwal Cement (PSX: GWCL) was incorporated in 1961 and has since been operating in the district of Chakwal in the province of Punjab. It is a fairly small cement manufacturer with the current capacity of 2 million tons mainly supplying to northern dome
US prosecutors Wednesday charged a former United Auto Workers official who served on the GM board with money laundering as part of a broadening criminal probe into the union's activities.
Eight people, including four tourists, were wounded in a knife attack on Wednesday at the famed archeological site of Jerash in northern Jordan, a security spokesman told AFP.
The head of the UN agency for Palestinian refugees has resigned amid an internal probe into alleged mismanagement and ethical abuses at the organization, the United Nations said Wednesday.
Air strikes by regime ally Russia killed six civilians in an embattled anti-government bastion in northwestern Syria Wednesday, a Britain-based war monitor said.
Sudan's first ever satellite for conducting research in military, economic and space technology has been launched by China, the northeast African country's ruling body said Tuesday. General Abdel Fattah al-Burhan, who heads Sudan's sovereign council, anno
The World Bank urged protest-hit Lebanon on Wednesday to form a new government quickly, warning of the threat of an economic downturn that would deepen poverty and worsen unemployment.
Lufthansa said Wednesday it was scrapping 1,300 flights as German cabin crew pressed ahead with a two-day strike, plunging passengers into travel chaos amid an escalating row over pay and conditions.
Chinese leader Xi Jinping and French President Emmanuel Macron declared on Wednesday that the Paris climate pact was "irreversible", showing a united front after Washington formally withdrew from the accord this week.
Chicago Board of Trade (CBOT) soyabean futures eased on Tuesday, pressured by an advancing US harvest and improved planting weather in South America, traders said.
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,340. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.517 billion and the numbers of lots traded 7,309.
Coking coal futures in China gained the most in four weeks on Tuesday amid market talks about fresh import curbs on the steelmaking raw material, following brisk purchases in recent months by the world's biggest coal buyer and consumer.
The Karachi Port handled 172,060 tonnes of cargo comprising 99,448 tonnes of import cargo and 72,612 tonnes of export cargo including 7,567 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
European wheat futures in Paris rose on Tuesday from a four-week low a day earlier as the sale of French wheat in Egypt's latest tender confirmed the country's favourable export prospects.
The dollar held the upper hand against its rivals on Wednesday, particularly versus traditional safe-haven currencies, on rising hopes for a US-China trade deal and a string of solid US economic data.
The dollar drifted lower against other major currencies on Wednesday as investors awaited fresh developments in the US-China trade talks. As the United States and China work to narrow their differences enough to sign a "phase one" trade deal as early as t
The safe-haven yen and Swiss franc slid against the dollar on Tuesday as growing signs the United States and China are inching closer to a trade deal boosted risk appetite and spurred investors to seek higher-yielding currencies.
US law firm Hausfeld plans to battle Scott & Scott for a high-profile London class action against major banks over alleged foreign exchange (forex) rigging, a London court heard on Wednesday.
The Australian and New Zealand dollars eased on Wednesday as their US counterpart got a lift from rising Treasury yields, while the kiwi took an extra knock from a mixed set of jobs data.
The Thai baht extended losses on Wednesday after an interest rate cut by the Thai central bank, while most other Asian currencies dipped as markets awaited concrete details on China-US tariff concessions.
The pound was neutral on Wednesday as investors calculated the risks the upcoming general election poses to Britain's ability to complete its exit from the European Union before Jan. 31, its latest departure deadline.
Jorginho scored two penalties as Chelsea came roaring back from 4-1 down to draw 4-4 with nine-man Ajax in a Champions League classic on Tuesday, while holders Liverpool claimed a narrow victory and a stuttering Barcelona were held.
A high-powered Pakistan Cricket Board (PCB) delegation led by its Chairman Ehsan Mani called on Mohammad Wasim, Acting Managing Director, SSGC and his top management at the Company Head Office.
Russia's anti-doping tzar Yuri Ganus on Wednesday blasted the "irresponsible and destructive actions" of Moscow authorities he accuses of doctoring key data handed over to the World Anti-Doping Agency.
Two-time Olympic champion Nicola Adams, regarded as the pathfinder for women's boxing, is to retire because of fears about her sight, the Briton announced on Wednesday.
Shai Hope and Roston Chase struck half-centuries to power West Indies to a seven-wicket win over Afghanistan in the first one-day international in smog-hit Lucknow on Wednesday.
Women footballers playing for Australia's national team will earn the same as their male counterparts under a deal unveiled Wednesday and hailed as landmark for gender equality in sport.
Iraq has proposed Jordan to host its 2022 World Cup and 2023 Asia Cup qualifiers this month, after FIFA requested an alternative venue because of ongoing protests, officials said Wednesday.
Total Nutrition and Guard Group registered victories in the Aquafina Polo Cup 2019 matches played here at the Lahore Polo Club (LPC) ground on Wednesday.
South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of new investment pledges on Wednesday, saying these would spur economic growth and reduce unemployment, but foreign firms made few commitments.
German carmaker BMW said Wednesday it was on track to hit performance targets for 2019 despite "difficult conditions", after the third quarter brought rising sales and profits.