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RECORDER REPORT KARACHI: Agricultural credit disbursement by banks surged by 15.29 percent on year-on-year basis to Rs 223.845 billion in the first ten months (July-April) of the current fiscal year (2011-12). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 29.688 billion in July-April, 2012 when compared with total disbursement of Rs 194.157 billion in the same period of the last fiscal year. Overall credit disbursement by five major commercial banks including Allied ...
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RECORDER REPORT KARACHI: The country's NBFI and Modaraba sector has posted net profit of Rs 779 million in the year ended on June 30, 2011 as compared to a cumulative loss of Rs 261 million in the previous year. Total assets of the sector stood at Rs 70,804 million and the total equity at Rs 18,391 million. "Despite the challenging business environment, uncertain political situation and financial stress, the NBFI and Modaraba sector has shown better results during ...
RECORDER REPORT ISLAMABAD: The Federal Board of Revenue has started verification of the taxable supplies made by M/s Pakistan Post Foundation to various other government/semi-government departments and autonomous bodies during 2007-08 to 2011-12 to ascertain reasons for non-payment of tax due against such supplies. In this connection, the FBR on Monday issued instructions to the Chief Commissioner Regional Tax Office (RTO) Islamabad to verify the tax payments against the supplies made by the said firm. According to the ...
KARACHI: Virologist Dr. Muhammad Khalil Chishti who returned recently after spending 20 years in jail in India, called on Sindh Governor, Dr. Ishrat ul Ebad Khan at the Governor House here on Monday. The Governor said that 82-year old Dr. Chishti's expertise and experience is of great significance. He said that those who had remained Dr. Chishti's pupils are now serving at important position in the discipline of virology. Dr. Ishrat was of the view that now it ...
KARACHI: Shipping activity remained active at the Port Qasim during last 24 hours, where one ship carrying container was allotted berth at Qasim International Container Terminal on Sunday. Meanwhile four more ships scheduled to load/offload container, chemical, coal and furnace oil also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was only 35% at the port on Monday where total number of four ships namely Maersk Wisconsin, Luilang Wisdem, MV Karachi and ...
ISLAMABAD: Pakistan People's Party (PPP) Member National Assembly (MNA) Jamshed Dasti has said that PML-N's anti-PPP campaign is a manifest of their fear that the elected government is seriously working on creation of the Seraiki Province to fulfill the longstanding demand of the people. Talking to APP here on Monday, he said Seraiki Province is the only solution of problems of South Punjab a population of over 4 million and they ought to solve their problems ...
ISLAMABAD: Senior Minister for Commerce Makhdoom Amin Fahim here on Monday stressed the need for early operationalization of Pak-Turkey Preferential Trade Agreement (PTA) to boost trade activities between the two countries. The Senior Minister for Commerce stated this while chairing the 14th session of Pak-Turkey Joint Ministerial Commission (JMC) here on Monday. Makhdoom Amin Fahim and visiting Turkish Minister for Environment and Urbanization Erdogan BAYRAKTAR co-chaired the Session of JMC. Both the ministers observed that the current volume ...

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