The International Monetary Fund (IMF) has not accepted Pakistan's request to review downward the Federal Board of Revenue (FBR) tax collection target of Rs 5.5 trillion, which was described as unrealistic and ambitious by many independent economists soon

The Sensitive Price Index (SPI) based inflation for combined income groups during the week ended November 14, 2019, witnessed an increase of 1.09 percent against November 7, 2019 as it jumped from 131.10 points to 132.53 points, data released by Pakistan

The decline in fiscal deficit from 1.4 percent in the first quarter of last year to 0.7 percent in the first quarter of the current year is attributable to lower releases, additional SBP profit and non release of supplementary grants.

The country's current account turned positive with $ 99 million surplus in October 2019 supported by significant import compression and slight growth in exports.

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying by local investors and institutions.

While all necessary arrangements have been finalized, the former premier Nawaz Sharif is all set to depart for London to receive medical treatment on Tuesday (today).

The apex court on Monday barred the federal government from selling Pakistan Steel Mills (PSM) land in order to pay gratuity and the provident fund to its former employees.

Federal Reserve Chairman Jerome Powell reasserted the independence of the US central bank during White House talks with President Donald Trump on Monday, the Fed said.

Habib Bank Limited created history by becoming the first and only bank from Pakistan and one of the three banks from the South Asia and MENA region to offer end-to-end RMB intermediation. The HBL Urumqi branch formally commenced the RMB business last week

Commerce Division and Federal Board of Revenue (FBR) are likely to lock horns on the long-awaited draft National Tariff Policy in the federal cabinet meeting on Tuesday (today) as both have extensive differences on the tariff rationalization plan and mand

In compliance with Lahore High Court (LHC) order, Ministry of Interior on Monday granted a one-time permission to former prime minister Nawaz Sharif to travel abroad for medical treatment for four weeks.

Director General of Inter Public Services Relations (ISPR) Major-General Asif Ghafoor said the government and Army are on the same page.

Prime Minister Imran Khan Monday reiterated that the government would not withdraw corruption cases against the opposition leaders and challenged them to do whatever they could do.

Babar Sattar, the counsel for Justice Qazi Faez Isa, has contended before a 10-judge larger bench if his client's wife is paying more tax than Prime Minister Imran Khan then how she is dependent and the Premier, who is paying less tax than her is independ

The Pakistan Tehreek-e-Insaf-led federal government has decided to get back Asad Umar in the federal cabinet. According to details, senior PTI leader and former finance minister Asad Umar will be made minister for planning and special initiative.

Pakistan Monday successfully conducted training launch of surface to surface ballistic missile Shaheen-1. According to Inter-Services Public Relations (ISPR), the launch was conducted as part of a training exercise, which was aimed at testing the operatio

The Federal Cabinet which is scheduled to meet on Tuesday (today) with Prime Minister, Imran Khan, in the chair, is expected to approve Raza Abbas Shah as Chief Executive Officer of Engineering Development Board (EDB) and Rizwan Bhatti as CEO Pakistan Ind

The State Bank of Pakistan (SBP) will unveil the Monetary Policy Statement for next two months on Friday.

COAS arrived in Tehran on official visit on Monday. COAS met Major General Mohammad Hossein, Chief of Staff Iranian Armed Forces. Both discussed regional security environment, efforts for regional peace & stability and Pak-Iran border security mechanism.-

"A Case of Exploding Mangoes" by Mohammed Hanif has finally been released in the country's official language Urdu.

The Islamabad High Court (IHC) Monday suspended the notification of appointment of Pakistan Tehreek-e-Insaf (PTI) leader Abrarul Haq as chairman of the Pakistan Red Crescent Society (PRCS).

A Dutch court sentenced a Pakistani man to 10 years behind bars Monday for planning to assassinate anti-Islam politician Geert Wilders after the MP announced a blasphemous cartoon competition.

The state Bank of Pakistan (SBP) has announced amendment to Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing.

This is apropos a Business Recorder news item "Obvious signs of turnaround emerge: Hafeez" carried by the newspaper on Sunday. According to it, "Adviser to Prime Minister on Finance Abdul Hafeez Sheikh has said 'dark days are that behind us' as obv

Last Tuesday, as I participated in the 550th birthday celebrations ceremony of Baba Guru Nanak Dev Ji at Janam Asthan, Nankana Sahib in solidarity with Sikhs around the world, millions of innocent people entered into 100th day of isolated confinement coup

The Pakistan Tehreek-i-Insaaf (PTI) government of Imran Khan has shown a rare talent for shooting itself in the foot again and again. The whole handling of the Nawaz Sharif health issue is the latest and perhaps most egregious example of this habit. Despi

In the wake of Maulana Fazlur Rehman's 'dharna' in the Capital early this month, followed by countrywide road-blockades, an eerie sense of political uncertainty has begun permeating the national corridors. Up his sleeves he has one more plan, and says he

Inflation and unemployment are two critical indicators used as a yardstick to assess whether political support for the ruling elite is waning or strengthening. Unfortunately, however, the projected rate of inflation for the current year is 13 percent, a r

A signing ceremony on the execution of Petroleum Concession Agreements (PCAs) and Exploration Licenses (ELs) was held here on Monday.

Sugarcane production in the year 2019-20 decreased to 64.77 million tons from 67.17 million tons the year before showing a decrease of 3.8 percent however cotton crop has not picked up as a consequence, well informed sources told Business Recorder.

Despite tall claims of establishing small industrial estate in Darra Adam Khel for promotion of small businesses in erstwhile Federally Administered Tribal Areas (FATA), the provincial government of Khyber Pakhtunkhwa has failed to make a slight progress

Chief Justice of Pakistan Asif Saeed Khan Khosa has said that Model Courts have materialized the vision of expeditious and inexpensive justice as envisaged in Article 37(d) of the Constitution which, otherwise, was just a dream before establishment of Mod

Reports of a possible in-house change in Punjab are doing the rounds in the federal capital following recent statements by PML-Q's Pervez Elahi, a key PTI ally propping up Punjab's political arrangement.

Pakistan will host the 8th meeting of the Istanbul Process next year with a focus to evolve responses to growing religious intolerance and discrimination based on religion or belief.

The Punjab Assembly on Monday passed The Punjab Land Revenue (Amendment) Bill 2019, The Punjab Zakat and Usher (Amendment) Bill 2019, and The Punjab Seized and Freezed Institution (Madaaris and Schools) Bill 2019 taking advantage of the boycott by the opp

The number of 3G and 4G users in Pakistan reached 73.26 million by end-October compared to 72.12 million by end-September 2019, said Pakistan Telecommunication Authority (PTA).

The row between Chairman Senate Sadiq Sanjrani and Secretary Interior Major Azam Suleman Khan (retd) has been finally resolved after the secretary tendered an 'unconditional apology' for remaining absent from the Senate meetings to Sanjrani, which was acc

Federal Minister for Railways Sheikh Rashid Ahmed was shifted to home from Holy Family Hospital after being cleared by doctors on Monday.

Senate Standing Committee on Climate Change Monday slammed Adviser to Prime Minister on Climate Change Malik Amin Aslam and Mayor of Islamabad Sheikh Ansar Aziz for not attending the committee's meeting, as they had to brief the panel about the steps the

National Bank of Pakistan (NBP) teams successfully started collection of service charges from Yatris at Kartarpur Sahib Corridor through NBP counters within the span of just 15 days.

Chairman Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has urged Federal Board of Revenue (FBR) for early fixing benchmark realistically in order that exports can continue normally.

Smart College campus North Nazimabad organized an award distribution ceremony to commemorate best performance of its students.

Sindh High Court (SHC) gave the provincial government a deadline of December 10, 2019 to legislate on punishment for manufacturing and sale of Gutka.

The fourth International Conference on Experiential Learning (ICEL) at the Institute of Business Management (IoBM), Karachi featured prominent corporate leaders, academicians, scholars and government officials, held on November 16 and 17, 2019 at IoBM. Zu

121st death anniversary of Chaudhary Rehmat Ali, the proponent of the word "Pakistan" observed here on Monday. In this connection, a special function was held at Faisalabad Chamber of Commerce & Industry (FCCI) which was also attended by Rana Sikandar Aza

Pakistan Automotive Manufacturers Association (PAMA) has expressed concern over the illegal import of used cars witnessing plausible increase.

Model Customs Collectorates (MCCs) are reportedly releasing the consignments of imported blankets, prayer mats & other related finished articles at the customs values less than the values fixed for its raw material, creating difficulties for local manufac

The Divisional Commissioner Hyderabad Muhammad Abbas Baloch presiding a meeting regarding shifting of Subzi Mandi at Hala Naka Bypass at his office today directed the Deputy Commissioner Hyderabad Aisha Abro to make effective strategy and to submit report

State Bank of Pakistan (SBP) Governor Dr Reza Baqir Monday said the ongoing economic reforms are showing positive results as economy is moving towards improvement. Currently, the exchange rate is stable, exports and foreign exchange reserves are increasin

The District Administration Lahore has penalised 68 vegetable and fruit traders for overcharging and issued fines of Rs154,000 while seven shopkeepers involved in overcharging were sent to jail and nine cases were registered against the profiteers.The Dep

Federal Minister for Communications and Postal Services Murad Saeed has said that the PTI government strongly believes in good governance and supremacy of merit and would provide jobs opportunity and professional skill development training to 45,000 youth

Federal Minister for Railways Sheikh Rashid Ahmed has announced to establish a railways university and an IT university in cooperation with China.

The Ministry of Religious Affairs and Interfaith Harmony has recommended establishing Ulema Boards in all the provinces and Islamabad Capital Territory (ICT) for checking and preventing publication of hate material.

Drug importers have been forced to stop importing most of the foreign medicines owing to massive depreciation of Pakistani rupee against the US dollar and are of the view that imported drugs have now become too expensive to earn profit in local market.

Pakistan is in the process of re-negotiating gas price with Tapi Project Company Limited (TPCL), following which a groundbreaking ceremony would be held for 'Pakistan-Section' of the multi-billion dollar trans-country gas pipeline in Chaman.

Pakistan Telecommunication Company limited (PTCL), in collaboration with WWF-Pakistan, conducted a Spellathon activity for 1,000 primary school students in national language i.e. Urdu.

The deadline for registration under Naya Pakistan Housing Programme (NPHP) has been extended again till December 15. The registration process to provide houses to homeless people started on July 15, 2019, for three months till October 15, 2019 but it was

The Senate Standing Committee on Information and Broadcasting Monday directed Pakistan Broadcasting Corporation (PBC) to come up with a business plan to turn the corporation into a profitable organization.

Federal Board of Revenue (FBR) has directed all cigarette manufacturers to implement fully automated 'Track and Trace' system on tobacco products in six months period or non-compliant factories would be sealed.

The Federal Board of Revenue (FBR) has directed three consultative committees to submit their recommendations on restructuring of the Board to newly constituted FBR Steering Committee on reforms by November 20, 2019.

Minister for Planning, Development and Reform, Khusro Bakhtyar has said that China has decided to invest $ 10 billion investment in oil and gas sector, $ 4 billion in local and steel sector and $ 9 billion have been approved for ML-I railways project unde

The Anti-Vehicle Lifting Cell (AVLC) on Monday claimed to have arrested three bike-lifters in Saddar and Landhi involved in stealing motorcycles.

As many as 2,500 children and families of Karachi Press Club members had a fun day at Aladin Amusement Park and enjoyed recreational activities and fun-packed rides.

In cognizance of the global evolution of communication and in recognition of the need for greater and quicker access to information, Foreign Minister Shah Mahmood Qureshi introduced 'FM Connect,' a concept based on the principle of fostering greater conne

In compliance with the Supreme Court orders, the Karachi Metropolitan Corporation (KMC) on Monday removed encroachments at various city neighbourhoods.

Pakistan Customs has issued instructions to all its field formations to verify the genuineness of all seized conveyances being used to transport smuggled goods through verification from forensic science laboratory, registration database of excise & taxati

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has assured members of Pakistan Chemical & Dyes Merchants Association (PCDMA) delegation to take up their issues with Federal Board of Revenue (FBR) and other concerned authori

Around half of the poor segment of Faisalabad is getting free medical facilities from dispensaries and hospitals established by local philanthropists that are also helping government by lessening patient's burden on public sector hospitals and dispensarie

USAID Mission for Pakistan's Director Julie Ann on Monday said that the USAID is providing $200,000 as "Challenge Fund Grant" to businessmen and innovative people, thus building future of Pakistan's trade sector.

The Punjab Chief Minister Sardar Usman Buzdar on Monday announced to start a new scheme of providing soft loans to the needy youth for skills development and an amount of Rs9 billion will be distributed among the youth for starting their own businesses.

Consul General of Iran Mohammad Raza Nazeri called on the Pakistan Muslim League (PML-Q) President Ch Shujaat Hussain at his residence here on Monday and inquired about his welfare. During the meeting, views were also exchanged about prevailing national a

At least seven people died on Monday and over 25 were reported missing after a boat capsized in river Sutlej near Okara. Residents of the area initiated a rescue operation immediately after the incident. Seven bodies were recovered according to eyewitness

Diamer Basha and Mohmand Dams are vital for water, food and energy security of Pakistan and possess excellent investment opportunities for international financial institutions because of their good rate of returns.

Ambassador of Belgium to Pakistan Philippe Bronchain said that trade, investment, economic and friendly relations between the two countries are very important to him and he has a mission to make these stronger.

Prime Minister's Advisor on Commerce, Industries, Textile and Investment Abdul Razak Dawood has said that Pakistani exports to China would start increasing following the free trade agreement (FTA) becoming effective from December 1, 2019.

While Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif is leaving for London, the PML-N in a meeting on Monday decided that Shahbaz Sharif will return to Pakistan after health condition of Nawaz Sharif is stabilized.

The Lahore High Court on Monday sought reply from the federal government on a petition challenging the "Plan-B" of Jamiat Ulema-e-Islam-Fazal (JUI-F) for holding demonstrations in major cities. The petitioner's counsel contended that JUI-F Chief Maulana F

"I would just like to bring it to the notice of The Khan that all is not lost in spite of appallingly poor economic data with respect to what matters to the public - inflation, utility prices, unemployment levels, and he can still make amends and..."

Pakistan Peoples Party (PPP) stalwart Aitzaz Ahsan said on Monday that relief to Nawaz Sharif would lead to provincialism in the country. He said he was receiving telephone calls from Sindh that permission to Nawaz Sharif for travelling abroad was due to

The Central Development Working Party (CDWP) has approved as many as eight development projects at the cost of Rs 31.6 billion and recommended five projects valuing at Rs 195.1 billion to the Executive Committee of National Economic Council (ECNEC) for co

Indian Mildura Fruit Farms was established in 1933, by Mr. Francis J. Mitchell, which was later renamed to Mitchell's Fruit Farms Limited (MFFL) after independence, in 1948. It is one of the oldest companies of Pakistan in the food and beverage sector,

Four people were shot dead and six others wounded while watching a football game in the backyard of a central California home on Sunday, police said. Police were called to the scene after at least one person opened fire into a crowd of about 35 people gat

An avalanche on Monday hit an Indian patrol in the world's highest militarised zone in the Himalayas, killing four soldiers and two porters, an army spokesman said.

A 15-year-old girl and a truck driver were killed Monday after a suspension bridge over a river in southwest France collapsed, reigniting a debate over infrastructure safety in the wake of last year's deadly disaster in Genoa.

Cambodian Princess Norodom Bopha Devi, a former culture minister who helped resurrect traditional Apsara dance from the ashes of the brutal Khmer Rouge rule in the 1970s, died on Monday at the age of 76, premier Hun Sen said.

The United States called Monday on Sri Lanka's new president, Gotabaya Rajapaksa, to ensure human rights and accountability after a campaign in which he vowed to scrap a probe into alleged war crimes.

Nigeria's ruling party on Monday won the key oil-rich state of Bayelsa, the electoral body said, a sign of President Muhammadu Buhari's growing influence in opposition strongholds.

North Korea is "no longer interested" in summits with the US unless Washington offers new concessions in their nuclear negotiations, Pyongyang said Monday, hours after Donald Trump hinted at the prospect.

Yemen's prime minister on Monday flew back to the southern city of Aden under the terms of a peace deal with southern separatists who expelled the government from its provisional capital in August.

The largest of Saturn's many moons has lakes, mountains and dunes, with its surface scarred and crafted by many of the same forces which have shaped Earth, scientists said Monday.

Parliamentary polls in Belarus did not show respect for democracy, international observers said Monday, after the opposition to authoritarian President Alexander Lukashenko failed to win a single seat.

Russia on Monday handed over three navy ships it seized a year ago from Ukraine, Moscow and Kiev authorities said, in the latest move to ease tensions between the two countries ahead of a crucial summit.

Indian police fought street battles in New Delhi on Monday with thousands of students who stepped up protests over fee increases at one of the country's top universities.

US President Donald Trump has backed off from a proposed ban on certain flavors of e-cigarettes, fearing that such a move could cost him votes, US media said Monday. Aides allegedly advised him to hold fire on signing a memo to ban popular e-cigarette fla

The details emerging Monday on a trove of leaked Iranian intelligence documents drove home the depth of its influence in Iraq, where anti-government protesters have accused Tehran of meddling and overreach.

Serbia's central bank bought an unspecified amount of euros on local interbank market on Monday to ease appreciation pressures on the domestic currency, dealers said. The bank intervened as the dinar traded at 117.38 against the common currency. After the

Latin American currencies firmed on Monday on hopes of a Sino-US trade deal but pared some gains after a report that the mood in China was "pessimistic" about an impending resolution to the dispute.

Major currencies marked time on Monday as traders looked to whether Washington and Beijing can soon sign off on a deal to end a trade war that has been a drag on global economic growth.

The safe haven Japanese yen gained on Monday after a media report dashed fresh hopes that the United States and China are close to reaching a trade deal.

The euro jumped to an 11-day high against the US dollar on Monday, driven by expectations that Washington and Beijing can soon sign off on a deal to end a damaging trade war.