Pakistan Bar Council (PBC) has expressed its concern on the manner in which the extension in tenures of the army, navy and air force chiefs is being given through the acts of parliament.
The State Bank of Pakistan (SBP) said on Monday that the policy mix appears adequate to address the macroeconomic imbalances and push the economy towards stability as Pakistan's economy moved progressively along the adjustment path during the first quarte
A meeting of the Executive Committee of the National Economic Council (ECNEC) has approved around Rs 215 billion projects for higher education, communication, power and social sectors.
A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved proposed amendments to the Regulation of Generation, Transmission and Distribution of Electronic Power Act, 1997 to meet the International Monetary Fund (IMF) condition for
The National Assembly Standing Committee on Defense on Monday unanimously approved the three bills pertaining to tenures of services chiefs and chairman Joint Chiefs of Staff Committee.
By the end of Monday Britain's highest-paid bosses will have already pocketed the amount of money the nation's average worker will earn over the entire year, according to new research.
Gold prices shot to almost seven-year highs on Monday as a spike in US-Iranian tensions spurred demand for safe-haven assets and pushed a gauge of global equity markets lower, but shares on Wall Street rebounded on a less worrisome view of events.
In the backdrop of heightened tension between the United States and Iran, Foreign Minister Shah Mahmood Qureshi on Monday said that Pakistan would not allow its soil to be used against any other country and maintains cordial relations with all the countri
Los Angeles prosecutors indicted Harvey Weinstein on Monday on sex crime charges just hours after the former film producer appeared in a New York court for the start of his rape trial, which has become a focal point for the MeToo movement.
The Finance Ministry stated Monday that there would be serious implications on the country if Financial Action Task Force (FATF) action plan was not complied with, after Senate Standing Committee on Finance put off the approval of the proposed changes in
Pakistan on Monday rejected the Indian government's fabricated propaganda about treatment of minorities in the country, saying these fabrications will in no way shield the Modi government from opprobrium by international community on its illegal actions i
The Federal Board of Revenue (FBR) is said to have shattered Ministry of Industries and Production's dream of domestic mobile handsets manufacturing policy by reducing duty on imported mobile phones without taking the stakeholders on board, well-informed
Prime Minister Imran Khan Monday said the cancerous threats of drug and child abuse could not be defeated unless collective efforts were made by all strata of the society, and stressed upon wider and effective mass awareness in this regard.
There was a sea of mourners in Iran's capital where Iran's leaders joined massive crowds for the funeral procession of Qassem Soleimani assassinated by the US. There is no doubt about the fact that the killing was the most dramatic escalation yet in spira
Wall Street's worst fears of a year-end funding squeeze never materialized thanks in large part to the quarter-trillion dollars the Federal Reserve stuffed into the market to ensure nothing became gummed up.
Gulf economies, already strained by years of low oil prices, face a double-edged sword with the prospect of conflict with Iran increasing oil prices while also threatening exports.
The single most important development in 2019 on the economic front was the entry by Pakistan into a three year Extended Facility with the IMF. The Program envisages very intensive and fast moves to achieve a big reduction in the current account deficit i
According to a joint survey recently conducted by the Ministry of National Health and the World Health Organization in 40 districts across the country, some 17 million children between the ages of five and 15 years are at the risk of catching soil-transmi
The Federal Government and the SBP have been trying very hard to ensure that Pakistan's name is removed from the grey list of Financial Action Task Force (FATF). In order to expedite the process, the State Bank of Pakistan on the last day of 2019 issued a
The Tax Laws (Second Amendment) Ordinance 2019 has granted 100 percent exemption from tax on inter-corporate dividends to entities entitled to group relief, retrospectively from July 1, 2019.
Jazz has successfully tested out the fifth generation of mobile technology. In its effort to lead the digitalization journey in Pakistan, the 5G trials of Jazz aimed to test the improvement in performance of the network as a result of this technology. Whe
The Prime Minister has been given discretion to prescribe rules to regulate the functioning of the benches and procedure of the Appellate Tribunal Inland Revenue under the Tax Laws (Second Amendment) Ordinance, 2019.
President Hameed Haroon and Sarmad Ali, Secretary General, All Pakistan Newspapers Society (APNS) on behalf of the office-bearers and members of the Society have expressed profound grief over the sad demise of Muhammad Zulqarnain Sikandar, publisher of Da
The Met Office on Monday issued weather warning following downpour with snowfall over northern Balochistan, alerting the citizens and authorities to land sliding and flash flooding in local streams. It said that scattered rains with a snowfall over the hi
A delegation of senior leaders of Pakistan Muslim League-Nawaz (PML-N) Monday called on Jamiat Ulema-e-Islam (JUI-F) Emir Maulana Fazlur Rehman to discuss matters related to amendment to the Army Act.
The National Assembly on Monday passed "The Mutual Legal Assistance (Criminal Matters) Bill, 2019" for providing legal support to the requesting state (foreign country) by executing necessary actions on its territory in criminal cases warranting shared as
The federal government will take up the weighted average of gas and rights of provinces under Article 158 and 18th constitutional amendment to the Council of Common Interests (CCI).
Spokesman of United Business Group (UBG) Gulzar Firoz has said that the group in principle supports newly elected body of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and President of the Federation Anjum Nisai.
After the weather turned a bit chilly in city demand of new and second-hand jackets, groves, mufflers and caps used by people and motorcycle riders registered tremendous increase in last few days. Especially traders of second hand warm clothes are doing b
The pace of domestic debt accumulation accelerated sharply to Rs 1.9 trillion during the first quarter (Jul-Sep) of this fiscal year (FY20). The increase was almost four times higher than in Q1FY19.
The newly established Model Customs Collectorate at Jinnah International Airport, Karachi, has collected customs duty amounting to Rs 10.836 billion as against the target of Rs 10.254 billion, depicting over 6 percent growth during the first six months of
"Right of Access to Information Act" provides opportunities to the citizens to get information from the government without any cost. Under this act citizens can submit an application to get information from public bodies/government departments even on a p
Sindh Chief Minister Syed Murad Ali Shah has directed agriculture department to hire few latest aircraft to spray locust swarms in desert areas of the province so that they could be killed before start of their breeding.
The State Bank of Pakistan (SBP) Monday said that increasing participation in the Global Value Chains (GVCs) would not only align the country's product mix with trends in global demand, but also put the exports on a sustainable growth path.
The State Bank of Pakistan (SBP) has estimated that the current account deficit (CAD) for FY20 is likely to stay within the range of 1.5-2.5 percent of GDP. According to SBP report "The State of Pakistan's Economy" for first quarter (July-Sep) of FY20, is
The Supreme Court on Monday rejected the National Highway and Motorways Police (NH&MP) plea to suspend Islamabad High Court's (IHC) order that allowed entry of motorbikes on motorways. The Islamabad High Court (IHC) on 10-12-2019 approved the admission of
Federal Tax Ombudsman (FTO) has decided a suo motu case against irregularities of Federal Board of Revenue's (FBR) field formations in making seizure of smuggled non-customs paid (NCP) vehicles, determination of assessable value and conduction of auction
Minister for Petroleum Omar Ayub Khan has informed the Senate Standing Committee on Petroleum on Monday that the federal government has written letters to the provincial government of Sindh eight times for construction of 125 km gas pipeline to meet gas d
On the directions of the Federal Minister for Information Technology and Telecommunication, special efforts are being taken by the Ministry of IT and Telecommunication to promote IT exports and encourage IT companies.
The Federal Board of Revenue (FBR) will fully empower Directorate General of Transit Trade for carrying out end-to-end operations of transit trade including cargo transportation, en-route monitoring and enforcement and border terminal operations.
Rana Sikandar-e-Azam Khan President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the establishment of "Help Desks" in all Regional Tax Offices (RTO) across the country including Faisalabad for the immediate payment of refund claims.
Karandaaz Pakistan envisaged three major investment programs for financial inclusion of small medium enterprises (SMEs) that would result in crowding of private sector investment and employment generation, said Navid Goraya, Chief Investment Officer Karan
A seminar on "Point of Sales (POS) Integration of Tier-1 Retailers, jointly organized by the Lahore Chamber of Commerce & Industry and Federal Board of Revenue here on Monday.
The federal government on Monday announced to take action against KP Minister for Food Qalandar Khan Lodhi as a Pakistan Tehreek-e-Insaf (PTI) Senator Aurangzeb Khan, in his testimony before a Senate committee alleged that rampant corruption in different
TV anchorperson Mubasher Lucman has approached the Model Town police, seeking registration of a First Information Report (FIR) against Federal Minister for Science and Technology Fawad Chaudhry and his private guards for subjecting him to severe violence
The Pakistan Readymade Garments Manufacturers and Exporters Association (NZ) Chairman Sohail A Sheikh has expressed his concern over the performance of the Federal Board of Revenue's newly-launched Fully Automated Sales Tax e-Refund (FASTER) System as the
Punjab Governor Chaudhry Mohammad Sarwar on Monday said that the United Nations Organization (UNO) and Muslim Ummah must apply minds to avert US-Iran war, as it will be more destructive than Iraq war. The hysteria of war must be given an end and whatever
Chief Secretary Punjab Azam Suleman Khan on Monday issued instructions to the administrative officers of Sargodha division to hold open courts regularly, so that peoples' problems could be resolved on the spot.
Pakistan Kissan Movement (PKM) welcomed the announcement by the government to give agricultural implements to growers under the Prime Minister's Agricultural Emergency Programme and called for benefiting genuine farmers instead of influential in the garb
Askari Bank Limited (AKBL) and Majestic Lounge signed an agreement for International Lounge Facility which will allow Askari World, Corporate, Platinum and Gold Mastercard Credit Card customers access to Majestic Lounges at Jinnah International Airport, K
Punjab Agriculture Minister Malik Nauman Ahmad Langrial has said that the government was committed to uplift agriculture sector and resolve the problems of farming community.
Chief Minister Punjab Sardar Usman Buzdar Monday said that Pakistan Tehreek-e-Insaf (PTI) is taking the country in right direction as its focus is on the country's progress and prosperity.
Suspension of natural gas supply to FatimaFert and Agritech, since December 2019, may lead to shortage of urea in the country, huge imports by spending precious foreign exchange and subsidy on imported urea.
Realme Pakistan, a leading smartphone brand, celebrates its first anniversary; the brand arrived in Pakistan last year on January 2, 2019, with Realme 2 Pro and Realme C1 launch.
Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said on Monday that magnificent ceremony at Kartarpur to mark birth anniversary of tenth Guru Gobind Singh of Sikh faith had
Mayor Karachi Wasim Akhtar on Monday said 18th Amendment in the constitution created 'a state within a state'. The Sindh government had withheld all powers and the authority of a councilor was being encroached upon by a provincial minister. Mega projects
The Accountability Court on Monday extended physical remand of senior leader of Pakistan Muslim League-Nawaz (PML-N) and former interior minister Ahsan Iqbal in Narowal Sport City Complex Project (NSCCP) scam till January 13.
Goods transporters on Monday went on strike for indefinite period and demanded Prime Minister Imran Khan to remove Murad Saeed as federal minister for communication.
RedMoney Group, a global provider of specialized Islamic Financial media services, hosted an event titled, "IFN Pakistan Forum 2019" in Karachi. Pak-Qatar Takaful proudly participated at the event.
The Director Admissions University of Karachi Dr Saima Akhtar announced the admission lists of Evening program bachelors, masters and postgraduate admissions 2020.
University of Karachi Vice Chancellor Professor Dr Khalid Mahmood Iraqi launched Farmacia Magazine and the Graduate Directory of PharmD graduates for the year 2020 at the Pharmacy Auditorium of KU, on Monday.
A registered manufacturer cannot make sales worth more than Rs10 million to even Federal Board of Revenue (FBR) as if it does, input tax will be disallowed, following the serious glitches in 2nd Tax Laws Amendment Ordinance, 2019.
IBA CEIF successfully conducted a one-day introductory course on Islamic Finance at IBA City Campus which was attended by students of various institutions, faculty members of IBA, Ulemas as well as professionals.
The Khyber Pakhtunkhwa Assembly on Monday opened discussion on National Finance Commission (NFC) Award after adopting a joint adjournment motion moved by Opposition leader Akram Khan Durrani, MMA's Inayatullah, ANP Sardar Hussain Babak, PML-N Aurangzeb Na
Local refineries have approached the Senate Standing Committee on Petroleum in a bid to avert the furnace fuel oil (FFO) crisis looming in the country after the government as a policy decision refused to lift the FFO for power sector.
Tariq Glass Industries Limited (PSX: TGL) was established in 1978 and became a public limited company in 1980. It is essentially engaged in the production of tableware and float glass currently, whereas opal glass will be introduced soon. Within tableware
Reserve troops fanned out across fire-ravaged regions in three Australian states on Monday after a horror weekend, as the government pledged $1.4 billion over two years to help recover from the devastating months-long crisis.
Climate activists from protest group Extinction Rebellion on Monday climbed aboard a gas rig in the Scottish city of Dundee in a bid to stop it from being transported to the North Sea. Extinction Rebellion Scotland confirmed that three of its supporters b
China's annual ice festival in Harbin has kicked off with couples lining up for a snow-themed mass wedding, swimmers braving frigid waters and frozen palaces rising from the ground. Fireworks marked the festival's opening on Sunday night as tourists wande
A 5.8-magnitude earthquake shook Puerto Rico Monday, toppling houses and causing power outages and small landslides but there were no reports of casualties, the US Geological Survey said. The quake, just off the US territory's southern Caribbean coastline
Protests were held across India Monday after masked assailants wielding batons and iron rods went on a rampage at a top Delhi university, leaving more than two dozen injured.
Israel has approved the construction of 1,936 new settler homes on occupied Palestinian territories, watchdog Peace Now said Monday. The green light was given on Sunday and Monday, Peace Now said, adding that 89 percent of the new homes will be erected in
Dozens of people demonstrated in London on Monday to call on the government to help a young British woman convicted in Cyprus of fabricating rape charges against Israeli tourists.
Moscow on Monday urged parties to the Iran nuclear deal to treat salvaging the agreement as a "priority", calling on European partners to fulfil their obligations to ensure Iran stays committed to the accord.
Tehran should avoid "further violence and provocations", NATO chief Jens Stoltenberg warned Monday, as tensions mount in the Middle East after US forces killed a top Iranian general. The warning came as the EU called an extraordinary meeting of foreign mi
Hundreds of Yemenis took part Monday in a protest in Sanaa called by Tehran-backed Huthi rebels to vent anger over the US assassination of Iranian commander Qasem Soleimani.
The United States on Monday slammed Russia and China for their failure to condemn an attack last week on its Baghdad embassy by pro-Iranian demonstrators. While congratulating the 27 of the 193 member nations that did issue statements condemning the Decem
Iran's supreme leader fought back tears Monday as a sea of black-clad mourners paid homage to the top commander killed in last week's US drone strike that inflamed tensions across the Middle East.
The Turkish lira was flat on Monday despite another jump in oil prices, and three traders said state banks were again selling dollars to support the currency through market turbulence after the US killing of a top Iranian commander.
The safe-haven yen touched a three-month high on Monday and gold jumped as investors fretted that the killing of Iran's most prominent military commander by the United States could trigger a broader Middle East conflict.
The safe-haven yen and Swiss franc rose against the dollar on Monday on worries about a broader escalation of conflict in the Middle East after the United States killed Iran's most prominent military commander.
The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran's most prominent military commander by the United States could trigger a broader Middle East conflict.
Hungary's forint retreated to a key level against the euro on Monday as central Europe's currencies gave up some recent gains amid growing US-Iranian tensions that hit sentiment in the region.
Most Asian currencies weakened on Monday as risk appetite in the region was dented further, with heightened tensions between the United States and Iran sending crude oil and safe-haven gold prices higher.
South Africa's rand rebounded slightly in late trade on Monday after a steep fall last week, joining some other emerging market currencies in paring some losses even as Iran and the United States traded threats.
Sterling rebounded on Monday as investors who had sold the currency for safe havens after the United States killed Iran's top military commander returned to the pound.
The Australian and New Zealand dollars looked vulnerable on Monday as mounting tensions in the Middle East favoured safe-haven assets, while Australia's economy suffered with the drag from natural disasters at home.
Nathan Lyon captured five for 50 and 10 match wickets as Australia crushed New Zealand by 279 runs on Monday, capping a golden domestic summer as they swept the three-Test series.
Oil & Gas Development Company Limited (OGDCL) won the toss and elected to bat first. The start was not good for the team and it lost quick wickets in the first 10 overs. Waqar Shah along with Jamshed and Azhar helped the team to post a defendable total on
Eulogio Celestino struck all the eight goals to steer the BN Polo Team to a close 8-7 title victory against FG Polo Team in the final of the Diamond Paints Polo Cup for Champions Trophy 2020 played here at the Lahore Polo Club ground.
Sarfaraz Ahmed, the skipper of the Pakistan side which lifted the ICC Under-19 Cricket World Cup in 2006, made a visit to the ongoing Pakistan Under-19 camp, here at the National Cricket Academy on Monday and shared his experience of playing the biggest a
Ben Stokes launched an astonishing assault which enabled England to give themselves plenty of time to push for victory, but the tourists had to work hard to take two South African wickets before the close on the fourth day of the second Test at Newlands o