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PM meets religious leaders  ISLAMABAD: Pir Syed Makhdoom Abbas Muhammad Shah Hamdani and Syed Jabir Ali Shah of Bengali Sharif, Tehsil Gujjar Khan called on Prime Minister Raja Pervez Ashraf at Prime Minister House here on Saturday. The Prime Minister urged religious leaders, ulema and scholars to use their influence for the promotion of inter-faith harmony and cohesion in the country. This was imperative to maintain peace, love, tolerance and brotherhood in the society. The Prime Minister said the government was utilizing all available resources for the provision of basic amenities of life on priority basis in order to raise their standard of living and remove sense of deprivation especially of people living in remote and backward areas. Pir Syed Makhdoom Abbas Muhammad Shah Hamdani and Syed Jabir Ali Shah of Bengali Sharif assured the Prime Minister of all their support and cooperation. Copyright APP (Associated Press of Pakistan), 2012 ...

KCCI concerns on stoppage of gas supply to industry KARACHI: Karachi Chamber of Commerce & Industry (KCCI) President Mian Abrar Ahmad, in a press statement, has expressed deep concern over stoppage of gas to industries by Sui Southern Gas Company (SSGC) in the name of low pressure. While terming the move of SSGC unilateral, he stated that the KCCI takes a very exception of this arrogant and unilateral move by SSGC by abruptly stopping the gas to industry without any consultation with the stakeholders. He said ...
ITO 2001 and IT Rules of 2002: Overlapping provisions exist  RECORDER REPORT ISLAMABAD: The Income Tax Ordinance of 2001 and Income Tax Rules 2002 have overlapping provisions on filing of Annual Statements under Section 165 of the Income Tax Ordinance 2001 for deduction/withholding of income tax on contracts, sales, supplies, services divided and rent etc. Legal experts told Business Recorder on Friday that taxpayers were confused about the filing of the Annual Statement under Section 165 of the Income Tax Ordinance for withholding of taxes other than ...
SBP issues fresh currency notes worth Rs 114.23 billion  KARACHI: State Bank of Pakistan (SBP) Banking Services Corporation (SBP BSC) issued fresh currency notes worth Rs.114.23 billion to the commercial banks during the holy month of Ramazan-ul-Mubarak. According to the break-up, the field offices of SBP BSC issued fresh currency notes of Rs.10, Rs.20, Rs. 50,Rs.100, Rs.500, Rs. 1000 and Rs.5000 denominations amounting to Rs.3.50 billion, Rs. 1.95 billion, Rs.2.85 billion, Rs.7.63 billion, Rs.27.25 billion, Rs.67.28 billion and 3.77 billion respectively. SBP BSC fully utilized the ...
China big market for mangoes  KARACHI: Pakistani mangoes have become center of action in the largest retail chain of China "Wall Mart" where the king of fruit is being offered for sale in a festivity. The mangoes were shipped by a leading Pakistani exporter Durrani Associates through sea in July this year. Director of Durrani Associates Babar Khan Durrani said here Friday that Pakistan has taken a lead by exporting 40 tons of mango to China. India had registered for mango export ...
Transporters fleecing passengers leaving for hometowns to celebrate Eid  ISLAMABAD: In a bid to get full advantage of the Eid holidays, thousands of people thronged all the bus terminals to leave for their hometowns to celebrate Eid-ul-Fiter with their families and loved ones. Being the last working days before Eidul Fiter, travellers crowded all the stands, making it difficult for women and children to even get tickets. Transporters doubled the fares and even overloaded their buses to get full advantage of the situation. As the people began ...
Pakistan to export 30,000 tons of sugar to Tajikistan  MUSHTAQ GHUMMAN ISLAMABAD: Pakistan and Tajikistan have signed sugar deal under which Pakistan will export 30,000 tons through Trading Corporation of Pakistan (TDAP). Concluding extensive meetings held between Pakistan and Tajikistan officials on August 13-14, Nurmahmad Akhmedov, the Chairman of Agency on State Material Reserves of Tajikistan, and the Minister for Commerce, Makhdoom Amin Fahim, signed minutes of the negotiations for trade of sugar here on Wednesday. Official sources told Business Recorder that Tajikistan’s President will visit Pakistan ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln