The Sindh government has not yet spent any amount from the allocation of Rs 5.9 billion made in the budget for the proposed marble city, though it has already allotted 300 acres of land for the project on the outskirts of metropolis. The government is bui

Pakistan Coast Guards (PCG) have seized sizeable quantity of arms and ammunition near Super Highway Check Post here. A PCG statement said on Friday that on receipt of a credible intelligence regarding smuggling attempt of arms and ammunition through Super

Administrator DHA Brigadier Zubair Ahmed visited DHA City Karachi (DCK) astride Super Highway and spent a busy day at the project site. He chaired a meeting which was attended by relevant DHA/DCK officials and consultant in which the hiccups/complications

Chief Commissioner Inland Revenue, Regional Tax Office-II Karachi Seema Shakil held a meeting with representatives of various Trade Associations, Karachi on February 11, in her office, for creating awareness and understanding of Voluntary Tax Compliance S

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said low cotton output is hurting millions of families in farming community and it will decrease exports and GDP. The country will miss the target of cotton production

The Sindh High Court (SHC) on Friday adjourned the hearing of bail pleas filed by the employees of Axact in the fake degree scam and money laundering cases. Muhammad Rizwan, Adnan Saboor, Arif Hussain and Rizwan Ahmed and other employees of Axact approach

"So LNG is the bestest deal..."

Sir Syed University of Engineering & Technology organised a talk on "Teaching Methodology" at the campus and the eminent scholar Professor Dr Arshad Syed Karim highlighted the salient features of how to adopt effective teaching methods to make students le

MCB Bank and Easypaisa have collaborated to expand Pakistan's first ever comprehensive online payment solution, "Easypay". An agreement signing ceremony was held on January 29, 2016 in Lahore which was attended by Ali Naqvi (Head of Digital Banking) from

Modern Islamic Studies Centre, Islamabad, organised a 'Peace Prayer Day', on Friday as part of World Interfaith Harmony Week (WIHW) 2016 celebrations to create understanding between different faiths and religions. The celebrations were part of a series of

The State Bank of Pakistan (SBP) Friday pumped over Rs 1.26 trillion into the banking system. The fresh injection was made at an annual rate of return of 6.06 percent. The central bank conducted its Open Market Operation for seven-day tenor and accepted a

Sindh Chief Minister Syed Qaim Ali Shah has directed the Senior Minister of his cabinet Syed Murad Ali Shah to contact ministry of interior to get the bomb disposal equipments and the vehicles donated by the US and UK to Sindh police but Centre had not ha

The Election Commission of Pakistan has received court notice to respond by March 15 following a petition challenging the election of a governing party member of the Punjab Assembly for possessing a fake bachelor's degree. On Friday, Petitioner Fazal-ur-R

Soneri Bank Limited has partnered with Xpress Money a global leader in international transfer and payment services, under the umbrella of Soneri Mehnat Wasool Remittance, to provide money transfer services. This new collaboration allows Pakistani expatria

With Turkey organising a grand cultural festival in this metropolis, Turkish Airlines (TA) is going to start two daily flights from Karachi to Turkey later this month. Also, the Board of Turkish Airlines is "evaluating", as TA General Manager Fatih Atacan

Federal Board of Revenue (FBR) has contradicted a news item captioned "FBR may grant immunity from income tax audit for 2014", calling the news report unfounded and baseless. There is no proposal under consideration to grant such an immunity as reported i

The Securities and Exchange Commission of Pakistan has started registration of companies under the newly introduced Virtual One-Stop Shop (VOSS) and has registered two companies namely M/s CEMEX (Pvt) Limited and Bisma Builders and Developers (Pvt) Limite

Queen Maxima of the Netherlands along with senior PML-N leader Maryam Nawaz Sharif visited First Women Bank Limited in Islamabad recently. Queen Maxima and Maryam Nawaz were briefed by Tahira Raza, President First Women Bank Limited on the opportunities o

National Security Adviser, Lieutenant General Nasir Khan Janjua (Retd) called on Chief Minister Balochistan, Nawab Sanaullah Khan Zehri, here on Friday. In the meeting, they discussed security situation in province and other matters of mutual interest. Ch

The Portuguese charge de affairs has invited Pakistani entrepreneurs to start joint ventures with their counterparts in textile, food, rice, information technology, sports goods and agriculture. Joao Paulo Sabido visited the Lahore Chamber and met Senior

Punjab Chief Minister Shahbaz Sharif has said that Pakistan Muslim League-N government has promoted transparency and high standard in the execution of development projects and funds of billions of rupees have been saved through this policy. He said that s

The Punjab Revenue Authority (PRA) claims to have collected more than Rs 31 billion during the first seven months of the current financial year. The claim came at a meeting at the headquarters on Friday which also reviewed performance of enforcement offic

Local industrialists, businessmen and manufacturers have expressed concern over linking Rs 3 per unit reduction in industrial tariff with the fuel price adjustment (FPA) and rejected the support package for industrial consumers by the Ministry of Water an

The All Pakistan Textile Mills Association has called for an early announcement of the Strategic Trade Policy Framework, warning that an undue delay could push textile industry exports further down. Chairman Aamir Fayyaz has said, "Already textile exports

The Meteorological department has said that good rain /thunderstorm with snowfall over the hills occurred at scattered places in upper KP, North Punjab, Islamabad, Gilgit-Baltistan and Kashmir. Margalla Hills of Islamabad also received scattered snowfall

Cable Operators Association of Pakistan (COAP) will invest Rs 90 billion to replace analog cable system with digital cable TV system within a year across the country. Addressing a press conference the representatives of COAP along with Absar Alam, Chairma

Speaker National Assembly Sardar Ayaz Sadiq on Friday announced that parliamentary solar system has generated 80 megawatts electricity out of which 62 megawatts were consumed in the Parliament House and the rest surplus production of 18 megawatts was cont

The major opposition political party in Senate - Pakistan People's Party (PPP) - Friday showed scepticism on recently signed LNG agreement between Pakistan and Qatar, saying it has doubt that the deal was struck in a transparent manner. Taking part in a d

The Election Commission of Pakistan (ECP) will hold Local Government (LG) elections for reserved seats in Sindh from February 20 to 22. The elections will be held to fill indirect seats in Union Councils, district councils, town committees, municipal comm

Lahore High Court has stopped the Punjab Finance department from imposing a 20-percent cut in retired staff's pensions. The court has also told the federal and Punjab governments to submit explanation by February 19 over petitions filed by pensioners chal

The government has given special tax treatment to builders in 2015-16 budget to facilitate real estate sector by suspending minimum tax on leviable goods for the business of construction and sale of residential and other buildings till June 30, 2018.

Pakistan has arrested 97 al Qaeda and Lashkar-e-Jhangvi militants, including three commanders, in Karachi and foiled a planned attack to break US journalist Daniel Pearl's killer out of jail, the army said on Friday. The men are accused of involvement in

Pakistan has arrested 97 al Qaeda and Lashkar-e-Jhangvi militants, including three commanders, in Karachi and foiled a planned attack to break US journalist Daniel Pearl's killer out of jail, the army said on Friday. The men are accused of involvement in

Calling for the grant of NSG (Nuclear Suppliers Group) membership to Pakistan in accordance with a non-discriminatory and criteria-based approach, Foreign Secretary Aizaz Ahmad Chaudhry on Friday said that the Indo-US nuclear deal as well as discriminator

In the wake of spread of Zika virus in Latin America and the disease being declared a Public Health Emergency of international concern by WHO, a national consultation on Zika virus - Preparedness and Response was held under the chair of Minister for Natio

A parliamentary panel constituted to examine the whole process of import of substandard wheat from Moldova and Ukraine recommended that the Ministry of National Food Security & Research (MNFS&R) and the Ministry of Commerce with their mutual consultation

Pakistan on Friday expressed deep concern at the launch of rocket by North Korea and noted it as a violation of the UN Security Council resolutions. In response to a question, Foreign Office spokesperson Nafees Zakaria said the rocket launch by DPRK [Demo

Chief Minister Khyber Pakhtunkhwa Pervez Khattak in collaboration with Pakistan Tobacco Company (PTC) has distributed solar kits among three hundred families of Piran Bala, District Nowshera. A special ceremony in this regard held here at Chief Minister's

Pesco Chief Executive Officer Anwar ul Haq has directed the installation of electric meters and cable on emergent basis. He issued these directives while presiding over a meeting of the Khyber Circle of the company here at Wapda House, Peshawar. Chief Eng

Prime Minister Muhammad Nawaz Sharif on Friday commended former governor of Khyber Pukhtunkhwa Sardar Mehtab Ahmed Khan for the welfare and well-being of the people of province and Federally Administered Tribal Areas. "The services you have rendered for t

Global oil prices surged as much as 12 percent on Friday after a report once again suggested Opec might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk. Despite the strong daily gain, oil pri

Gold prices eased on Friday after soaring 5 percent the previous day, pressured by profit-taking after the biggest rally in more than seven years, but the metal was still set for its best week in four years as investors rushed to safe haven assets.

This is apropos a Business Recorder op-ed "Way out of mounting debt trap" by M Ziauddin. The writer has argued that "Today we are just about to become a trans-shipment economy because China wants to shorten its reach to world markets from 45 to 12

Would the late Margaret Thatcher have voted for or against Britain's EU membership? The Iron Lady is pitting Conservatives against each other from beyond the grave ahead of a referendum expected this year. The row over the European allegiances of the form

It is no novelty that a vast majority of people do not pay taxes in Pakistan. Tax avoidance is a universal phenomenon and it is best illustrated by the fact that corporate giants like Google have been asked to pay 130 million pound sterling in back taxes

Immediately on assuming power in mid-2013, the government rushed for an IMF loan to stave off a default when depleting foreign exchange reserves of US $11 billion covered less than six weeks of imports. The reserves now stand at around $21 billion.

The anti-Pakistan lobby in Washington has succeeded in blocking the sale of eight F-16 fighters to Pakistan - hopefully only for the time being. These fighter jets are to be delivered as part of the Obama administration's decision to enhance Pakistan's pr

Those who do not see any footprints of Daesh in Pakistan may like to know what the Intelligence Bureau chief has told the Senate Committee of Interior and Narcotics. It is a frightening picture; and it invites attention of all concerned - particularly tho

Licences of all oil and gas companies failing to start exploration work as per their obligations would be revoked, a senior official of Ministry of Petroleum and Natural Resources said. The government, he said, had tightened the noose around non-performin

Licences of all oil and gas companies failing to start exploration work as per their obligations would be revoked, a senior official of Ministry of Petroleum and Natural Resources said. The government, he said, had tightened the noose around non-performin

Licences of all oil and gas companies failing to start exploration work as per their obligations would be revoked, a senior official of Ministry of Petroleum and Natural Resources said. The government, he said, had tightened the noose around non-performin

The federal government has decided to extend the 3G and 4G internet facility to Gilgit-Baltistan (GB) and Azad Jammu and Kashmir (AJK) in the ongoing calendar year (2016). Talking to Business Recorder, Federal Minister for Kashmir Affairs and Gilgi

The federal government has decided to extend the 3G and 4G internet facility to Gilgit-Baltistan (GB) and Azad Jammu and Kashmir (AJK) in the ongoing calendar year (2016). Talking to Business Recorder, Federal Minister for Kashmir Affairs and Gilgi

The federal government has decided to extend the 3G and 4G internet facility to Gilgit-Baltistan (GB) and Azad Jammu and Kashmir (AJK) in the ongoing calendar year (2016). Talking to Business Recorder, Federal Minister for Kashmir Affairs and Gilgi

Pakistan continued their supremacy in men's hockey in the region as they defeated historical rivals India 1-0 in the summit clash to clinch gold in the 12th South Asian Games (SAG) at the Moullana Tayabullah Hockey Stadium Guwahati, India on Friday. Accor

Pakistan continued their supremacy in men's hockey in the region as they defeated historical rivals India 1-0 in the summit clash to clinch gold in the 12th South Asian Games (SAG) at the Moullana Tayabullah Hockey Stadium Guwahati, India on Friday. Accor

An anti-corruption court on Friday issued arrest warrants for Sindh Secretary Education and Literacy Dr Fazlullah Pechuho for not appearing before the court in a case pertaining to corruption and misuse of authority. Headmaster Mohammad Mithal had filed a

An anti-corruption court on Friday issued arrest warrants for Sindh Secretary Education and Literacy Dr Fazlullah Pechuho for not appearing before the court in a case pertaining to corruption and misuse of authority. Headmaster Mohammad Mithal had filed a

Former governor Herat province of Afghanistan Syed Faiz Ullah was kidnapped from Islamabad by unknown persons on Friday. Sources said that Faiz Ullah was kidnapped by unknown persons from an American fast food outlet at sector F-7 where he had a meal alon

The weather report on Friday (February 12, 2016) and the forecast for Saturday (February 13, 2016).

Former governor Herat province of Afghanistan Syed Faiz Ullah was kidnapped from Islamabad by unknown persons on Friday. Sources said that Faiz Ullah was kidnapped by unknown persons from an American fast food outlet at sector F-7 where he had a meal alon

The following were Thursday official prices.

Chief of Army Staff (CoAS) General Raheel Sharif held a meeting with the incoming Afghan ambassador Hazrat Omar Zakhilwal on Friday in General Headquarters (GHQ) Rawalpindi. According to a brief statement issued by the Inter-Services Public Relations (ISP

The following were Thursday official prices.

Chief of Army Staff (CoAS) General Raheel Sharif held a meeting with the incoming Afghan ambassador Hazrat Omar Zakhilwal on Friday in General Headquarters (GHQ) Rawalpindi. According to a brief statement issued by the Inter-Services Public Relations (ISP

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 12, 2016).

A UK exit from the European Union would affect the whole region''''s sovereign ratings, a senior Moody''''s analyst said on Friday, warning it would set a precedent that other countries could end up following. Dietmar Hornung, the firm''''s head of sovere

Grain and other commodity rates in rupees on Akbari Mandi on Friday (February 12, 2016)

A UK exit from the European Union would affect the whole region''s sovereign ratings, a senior Moody''s analyst said on Friday, warning it would set a precedent that other countries could end up following. Dietmar Hornung, the firm''s head of sovereign ri

Paper market rates in rupees on Friday (February 12, 2016).

A UK exit from the European Union would affect the whole region's sovereign ratings, a senior Moody's analyst said on Friday, warning it would set a precedent that other countries could end up following. Dietmar Hornung, the firm's head of sovereign risk

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (February 12, 2016).

A UK exit from the European Union would affect the whole region's sovereign ratings, a senior Moody's analyst said on Friday, warning it would set a precedent that other countries could end up following. Dietmar Hornung, the firm's head of sovereign risk

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 12, 2016).

Britain''s competition watchdog on Friday fined drugmaker GlaxoSmithKline £37.6 million ($54.5, 48.1 million euros) for entering into deals which delayed generic cheaper versions of its anti-depressant Seroxat. The Competition and Markets Authority (CMA)

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 12, 2016).

Britain's competition watchdog on Friday fined drugmaker GlaxoSmithKline £37.6 million ($54.5, 48.1 million euros) for entering into deals which delayed generic cheaper versions of its anti-depressant Seroxat. The Competition and Markets Authority (CMA) s

Interbank closing rates for dollar on Friday (February 12, 2016).

Britain's competition watchdog on Friday fined drugmaker GlaxoSmithKline £37.6 million ($54.5, 48.1 million euros) for entering into deals which delayed generic cheaper versions of its anti-depressant Seroxat. The Competition and Markets Authority (CMA) s

Dollar buying and selling rate in the kerb market in rupees on Friday (February 12, 2016).

The central bank Friday advised banks and Development Finance Institutions (DFIs) to submit all their related reports and returns to the newly-established Financial Stability Department (FSD). "Please refer to FSD Circular No 1 of 2016 dated January 14, 2

The rupee posted fresh gains in terms of the dollar and euro on the money market on Friday in the process of trading, dealers said. The rupee managed to gain 12-paisa against the dollar for buying and selling at Rs 104.53 and Rs 104.56 respectively, they

The central bank Friday advised banks and Development Finance Institutions (DFIs) to submit all their related reports and returns to the newly-established Financial Stability Department (FSD). "Please refer to FSD Circular No 1 of 2016 dated January 14, 2

The rupee posted fresh gains in terms of the dollar and euro on the money market on Friday in the process of trading, dealers said. The rupee managed to gain 12-paisa against the dollar for buying and selling at Rs 104.53 and Rs 104.56 respectively, they

The central bank Friday advised banks and Development Finance Institutions (DFIs) to submit all their related reports and returns to the newly-established Financial Stability Department (FSD). "Please refer to FSD Circular No 1 of 2016 dated January 14, 2

The following were the revised rates of debt securities on Friday (February 12, 2016).

TV regulator on Friday censured a leading news channel for airing "hate speech" against Nobel Peace Prize winner Malala Yousafzai and her family, warning that accusations of blasphemy could endanger lives. Malala, who moved to England after being shot in

The following were the revised rates of debt securities on Friday (February 12, 2016).

TV regulator on Friday censured a leading news channel for airing "hate speech" against Nobel Peace Prize winner Malala Yousafzai and her family, warning that accusations of blasphemy could endanger lives. Malala, who moved to England after being shot in

The following were the revised rates of debt securities on Friday (February 12, 2016).

The European Commission on Friday threw a lifeline to Tunisia''s jihadist-hit economy with a proposed 500 million euro ($560 million) financial aid package. The commission said the funds, requested by Tunisia, would take the form of medium-term loans at f

The following were the cross transactions between client to client & financial institutions here on Friday (February 12, 2016).

The European Commission on Friday threw a lifeline to Tunisia's jihadist-hit economy with a proposed 500 million euro ($560 million) financial aid package. The commission said the funds, requested by Tunisia, would take the form of medium-term loans at fa

The following transactions member to member subsequently reported on Friday (February 12, 2016).

The European Commission on Friday threw a lifeline to Tunisia's jihadist-hit economy with a proposed 500 million euro ($560 million) financial aid package. The commission said the funds, requested by Tunisia, would take the form of medium-term loans at fa

Mutual Funds Association has issued open-end funds daily prices for Friday (February 12, 2016)

An unbeaten 58-ball 80 runs by opener Tameem Iqbal helped Peshawar Zalmi to beat Islamabad United in an HBL Pakistan Super League (PSL) match at Sharjah Cricket Stadium on Friday night. Peshawar Zalmi successfully chased down the 153-run target set by Uni

Mutual Funds Association has issued open-end funds daily prices for Friday (February 12, 2016)

An unbeaten 58-ball 80 runs by opener Tameem Iqbal helped Peshawar Zalmi to beat Islamabad United in an HBL Pakistan Super League (PSL) match at Sharjah Cricket Stadium on Friday night. Peshawar Zalmi successfully chased down the 153-run target set by Uni

Mutual Funds Association has issued open-end funds daily prices for Friday (February 12, 2016)