A mechanic, identified as Hafiz Mahmood, lost his life while and four others received injuries on Saturday when a blast took place inside an air-conditioners' shop. The blast took place in the city's Township area. The body and the injured persons were sh

The federal government has released Rs 297.64 billion (42.5 percent) including Rs 61.75 billion foreign aid (48.13 percent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgete

Advisor to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh Saturday said healthy export growth is essential for a long-term economic development.

The United States and Iran swapped prisoners - a Chinese-American detained for three years on spying charges and an imprisoned Iranian - on Saturday in a rare act of cooperation between two longtime foes whose ties have worsened since President Donald Tru

The Competition Commission of Pakistan (CCP) has termed fluctuation in dollar-rupee parity and additional taxation as major factors behind increase in the prices of locally manufactured vehicles in the country.

National Telecommunication Corporation (NTC) is vigorously seeking the reversal of an increase in turnover tax, well-informed sources told Business Recorder. NTC was established under section 41 of the Pakistan Telecommunication Re- organization Ac

The World Bank said Saturday its lending to China has fallen sharply and will continue to be pared back, after US President Donald Trump demanded it stop altogether.

The Federal Board of Revenue (FBR) is planning to launch a scheme on national level to provide an opportunity to the owners of smuggled goods to legalize non-duty paid items on payment of duties/taxes and fine/default surcharge.

The Supreme Court will hear the review petition of ex-judge Accountability Court, Islamabad, Arshad Malik from December 10.

Pakistan Muslim League-Nawaz Vice President Maryam Nawaz Saturday approached the Lahore High Court for removal of her name from the Exit Control List (ECL) and to allow her to go abroad. A division bench comprising Justice Ali Baqar Najafi and Justice Anw

Pakistan Muslim League-Nawaz (PML-N) leaders arrived in London for an important meeting of the party on Saturday, private TV channels reported. Khawaja Asif, Marriyum Aurangzeb, Rana Tanveer, Shehbaz Sharif, Ayaz Sadiq, Ahsan Iqbal and Amir Muqam are taki

Saudi Arabia sought to distance itself Saturday from a student who carried out a fatal shooting at an American naval base, as it seeks to repair its image of being an exporter of Islamic extremism.

In order to facilitate banks, the State Bank of Pakistan (SBP) has announced reimbursement of 'SAR 10' on home remittance transaction equal to and above $ 100, but less than $200. Earlier, under the reimbursement of TT Charges Scheme, banks were allowed t

Washington resumed talks with the Taliban in Qatar Saturday, a US source said, three months after President Donald Trump abruptly halted diplomatic efforts that could end America's longest war.

A week after being kidnapped from Karachi's upscale neighbourhood at gunpoint, 20-year-old female student Dua Mangi, a law student, has safely reached her home, according to her family.

A delegation of International Atomic Energy Agency (IAEA) led by Raja Abdul Aziz Raja Adnan, Head of IAEA's Nuclear Security Division, visited Pakistan from December 4-7, 2019 to further strengthen the ongoing cooperation between Pakistan and IAEA in the

Pakistan Peoples Party (PPP) chairman, Bilawal Bhutto-Zardari has said that infrastructure has to be focused on to fight the economic and governance crises, and only public government can solve it.

The leader of Britain's main opposition Labour party on Saturday dismissed as a "conspiracy theory" claims that a leaked classified government document used in his election campaign was put online by Russia.

Business Recorder seems to have dwelled on the Sharifs' misfortune with smugness. In an editorial "In-house change" carried by the newspaper yesterday, it has been argued that "Implicit in this scenario is the belief (or hope?) that Imran Khan's ba

The United Arab Emirates is renowned for skyscrapers and mega-projects, but as the emerging regional power seeks to build legitimacy, it is campaigning to glorify its past as well.

Donald Trump's impeachment would not only trigger an extraordinary US Senate trial, it would ensnare - with potentially ruinous results - several of the candidates aiming to defeat the president at a critical time in the 2020 election process.

At a dingy office space in north London, around 60 Labour activists busied themselves recently with the basics of modern campaigning before next week's general election. Far from traditional door-to-door canvassing, they were deployed on social media - a

State Bank of Pakistan (SBP) governor Dr Reza Baqir lately said that focusing on export can take the country out of the boom bust cycle. That is a right approach as import compression is a stop-gap solution to avert the balance of payment crisis. Now with

Fatherhood is a grim challenge, especially for one who is poor, powerless such as the fathers of Naqeebullah and Mashal Khan. Naqeebulah's father, Muhammad Khan, died on Monday in a Rawalpindi hospital while Mashal's father, Iqbal Lala, is on the run fear

The recovery of Rs 71 billion - directly or indirectly - constitutes a significant feat. The NAB chief therefore rightly derives pleasure from his organisation's achievement. But not many do not look at it favourably, arguing that accountability by NAB is

Microsoft in collaboration with the Khyber Pakhtunkhwa Elementary and Secondary Education Department hosted a seminar in Education dubbed 'Microsoft Edu Day'. The seminar brought together delegates from across the region to showcase the latest technology

KP Chief Minister Mahmood Khan has said that the provincial government is going to give subsidy on wheat to the newly merged districts (NMDs) of the erstwhile FATA. A summary in this regard, he said is already prepared.

Chairman, National Electric Power Regulatory Authority (NEPRA), Tauseef H Farooqi Saturday said that the authority intends to issue license to KP for laying its own transmission lines and establishment of transmission companies to generate electricity and

The incidents of motor vehicle thefts witnessed an increase during the last week in the federal capital as carjackers stole or snatched over 10 vehicles from various localities.

Speaker National Assembly, Asad Qaiser has ruled out any constitutional crisis for nominations of Chief Election Commissioner (CEC) and members of election commission, saying they should shun differences and unite on matters relating to national interest.

Lawyers' community of Khyber Pakhtunkhwa Saturday rejected the KP Civil Procedure (Amendment) Act, 2019 and KP Control Narcotics Substance Act, 2019 and announced a three-day strike against these legislations promulgated by the provincial government.

The Chairman of All Parties Hurriyat Conference, Syed Ali Geelani, has appealed to the people to observe the World Human Rights Day, the 10th December, as Black Day to draw the attention of the international community towards the appalling human rights si

Prime Minister Imran Khan has expressed his deep condolences on the demise of Sheikha Mariam bint Abdullah Al Attiyah, mother of the Prime Minister and the Interior Minister of the State of Qatar. In his condolence message, the Prime Minister prayed for t

Federal Minister for Science and Technology, Fawad Chaudhry on Saturday said that the Pakistan Armed Forces and the judiciary of Pakistan are respected state institutes which should be addressed with due respect when being talked about.

Pakistan has underscored the need for realistic mandates for UN peacekeeping operations, with adequate resources, to face challenges in the world's troubled regions.

The Federal Board of Revenue (FBR) has decided to refer all deferred amounts of refund claims to respective Regional Tax Offices (RTOs) for clearing after due diligence, said sources.

Faisalabad Chamber of Commerce & Industry (FCCI) will ink a Memorandum of Understanding (MoU) with Cross Border E-Commerce Forum to introduce this innovative tool to give a quantum jump to the export especially by SME sector, said Rana Sikandar-e-Azam Pre

Professor Dr Asghar Zaidi, Vice-Chancellor of Government College University Lahore, on Saturday visited the 370 acres under-construction new campus of the university at Kala Shah Kaku and reviewed the progress of developmental work.

Special Assistant to the Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan on Saturday said the government was pursuing the mission of promoting economic activities and facilitating businesses.

Chairperson KP Chapter of Handicraft Association of Pakistan, Maryam Iqbal said that Turkey has made a lot of development in handicraft while the people of Khyber Pakhtunkhwa have expertise in the field, so there should be exchange of handmade products be

Sona Welfare Foundation (SWF) as the implementing partner for Fauji Fertilizer Company (FFC) has signed a Memorandum of Understanding with Akhuwat Islamic Microfinance in efforts to financially support and empower the marginalized communities.

President of the Lahore Chamber of Commerce & Industry Irfan Iqbal Sheikh on Saturday invited the Pakistan International Airlines (PIA) to establish its sub office at the Lahore Chamber to facilitate its members.

Terming media role vital in mustering public opinion on the government's initiatives, Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Saturday said that all wings of the Information Departments in the center and p

The World Human Rights Day would be observed on December 10 and different events would be held to highlight the human rights and to raise awareness regarding responsibilities for the safety of human rights.

With a view to extending relief to the people and accelerating the pace of work on development projects, the Punjab Chief Minister Sardar Usman Buzdar will be resuming visiting different cities from the next week.

ICI Pakistan Limited hosted an exhibition on December 7, 2019 to showcase its incredible history and growth story to mark the Company's 75th Anniversary. Very few companies in Pakistan have so far celebrated 75 years and therefore this is a major mileston

"SESSI will set up a helpdesk at SITE Association of Industry (SAI) to facilitate online registration of industries of SITE area on the SESSI web portal."

Secretary General (Federal) of the Businessmen Panel (BMP) and Former Chairman FPCCI Standing Committee Horticulture Exports, Ahmad Jawad has said after posting 49 months of back-to-back current account deficits, Pakistan's economy suddenly posted a surpl

The Sindh government in its guidelines for Annual Development Programme (ADP) for the next financial year explained that the amount for the projects to be financed through foreign assistance should separately be mentioned in rupees, indicating the expendi

Pakistan's export of gems shot up by 47 percent to US$1.762 million in July-Oct 2019, official figure said. Increase stands at US$562 million in July-Oct 2019 from US$1.2 million in July-Oct 2018, Pakistan Bureau of Statistics shows.

An accountability court on Saturday has summoned PPP leader Sharjeel Memon's wife and other proclaimed offenders in assets reference hearing on December 21.

Institute of Business Management (IoBM) on Saturday held its 22nd convocation and conferred degrees to over 1100 graduates in business management and other disciplines. This is IoBM's largest graduating batch since the institute's inception in 1996.

Muhammad Ali Quaid, a candidate of United Business group (UBG), has been elected unopposed as Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the year 2020 on federal area seat unofficially.

The dengue fever cases were reportedly dropped by 93 percent but the situation in Sindh disappointing as two more dengue patients died in Karachi hospitals. As per details, a woman resident of North Nazimabad and a three-month-old baby of Gulshan-e-Malir

Sindh Government Constituted a committee at District level as District Heritage Committee headed by Deputy Commissioner as chairman and representatives of Culture & Tourism and Archives as Secretary while in members DEO Semis Habibullah Kumbhar, Associate

An accountability court in Sukkur on Saturday extended the judicial remand of Pakistan Peoples Party (PPP) senior leader Syed Khursheed Shah till December 12 in a case regarding his alleged assets beyond means.

Export of Kinnow from Pakistan has commenced and an export target of 300,000 metric tons has been set for the current season which is expected to generate valuable foreign exchange of $ 19.5 million during this season.

Canadian farmers produced the smallest canola crop in four years, less than expected, after unusually wet autumn weather that left millions of acres unharvested, a government report showed on Friday.

A shortage of high quality arabica coffees has boosted spot prices in Central America, Colombia and Brazil, catching speculators who bet on falling futures prices by surprise.

Low inventories across the copper supply chain mean that any resolution to the US-China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday.

The International Tripartite Rubber Council (ITRC), which includes top producers Thailand, Indonesia and Malaysia, is considering another export curb to help stabilise rubber prices, the group said in a statement on Thursday.

French farmers made little progress last week in sowing wheat and harvesting maize, data from farm office FranceAgriMer showed on Friday, suggesting rain delays could continue into winter.

The International Coffee Organization (ICO), in a monthly update, has maintained its forecast for a global coffee deficit of 502,000 60-kg bags in the 2019/20 season.

Brazilian farmers are expected to plant more than 18 million hectares of corn in the 2019/20 season, a 3.5% rise from the previous cycle and the largest area on record, according to a Reuters poll.

The International Islamic Trade Finance Corporation (ITFC) will provide $1.1 billion of funding to help Egypt with imports of petroleum products and basic commodities in 2020, Egypt's petroleum and supply ministries said on Wednesday.

Prices of most of the essential kitchen items have witnessed a mixed trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.

A local welfare organization - Madadgar Development Programme - distributed warm clothes and note books among the orphan and poor schoolchildren from low income families in an effort to mitigate their sufferings in the chilly winter season.

Pakistan will commemorate 35th SAARC Charter Day on December 10 (Tuesday) to renew commitment to the cherished goals of the organization besides further accelerating the pace of regional economic cooperation.

Pakistan's leading fertilizer brand Sarsabz, as part of its 'Salam Kissan, Sarsabz Pakistan' initiative, hosted a special event to celebrate the role and contribution of farmers at Mehran Culture Auditorium in Sukkur.

National Accountability Bureau (NAB) has recovered Rs 5 billion through plea bargain during year 2019. According to annual performance evaluation of NAB Karachi, the bureau has made direct recoveries amounting to Rs 5 billion through plea bargain during y

The Ministry of Information Technology and Telecommunication (MoIT) has approached Ministry of Planning, Development & Reforms to promote IT cooperation between China and Pakistan under the China-Pakistan Economic Corridor (CPEC) framework.

Excavators flanked by Bangladesh riot police are at work demolishing illegal soot-belching brick kilns around the smog-choked capital Dhaka, forcing migrant labourers out of work and back to their villages.

National carrier Turkmenistan Airlines resumed flights to the European Union on Saturday after a 10-month hiatus triggered by an EU ban. An AFP correspondent in Turkmenistan saw 50 passengers line up to check in for the airline's 0700 GMT flight to Frankf

The most serious nationwide strike to hit France in years caused new misery for weekend travellers on Saturday, with defiant unions dismissing proposals by the government and warning walkouts would last well into next week.

California's Pacific Gas and Electric will pay $13.5 billion to settle lawsuits over its role in a series of wildfires that killed scores of people and destroyed thousands of homes, the utility giant said Friday.

Cash-strapped carrier Hong Kong Airlines was handed a lifeline by regulators on Saturday after they decided not to punish it for delaying salary payments amid an ongoing financial crisis. The international finance hub has seen six months of protests which

China's foreign exchange reserves fell $9 billion in November to $3.096 trillion, central bank data showed on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement. Analysts polled by Reuters had expected Chin

Twelve people have been swept to their deaths by floods in western Uganda, the Red Cross said on Saturday, as the East African country is battered by torrential rain. "We have recovered 12 bodies from the water and one person has been rushed to hospital w

Syrian regime and Russian air strikes on Saturday killed 19 civilians, eight of them children, in the country's last major opposition bastion, a war monitor said.

The White House blasted the impeachment inquiry into Donald Trump as "completely baseless" Friday, signalling it would not seek to defend the president in Democratic-led hearings to draw up formal charges against him.

The US military believes that an unarmed American drone reported lost near Libya's capital last month was in fact shot down by Russian air defenses and it is demanding the return of the aircraft's wreckage, US Africa Command says.

North Korea on Saturday said denuclearization talks with the United States were "out of the negotiation table," while slamming European UN Security Council members who had recently denounced its "provocative" ballistic missile launches.

Iraq's anti-regime protesters gathered in the capital and south on Saturday, grieving but defiant after 17 were killed in an attack demonstrators described as "slaughter".

Foreign investors have ditched more than 141 billion rand ($9.6 billion) of South African stocks and bonds this year - the biggest annual selloff in at least a decade, data from the Johannesburg Stock Exchange showed.

The co-managers of the best stock mutual fund of this decade work out of a small office in Los Angeles, rarely talk with the financial media and have never appeared as guests on CNBC looking to raise their profile.

Foreigners were net buyers of Japanese stocks for an eighth consecutive week on hopes there would be some progress in US-China trade talks and expectations of fiscal stimulus to boost the domestic economy.

Millions of Russians will have to take a test to prove they understand financial markets if they want to carry on trading foreign stocks, under a central bank plan aimed at stemming potentially heavy losses among retail investors.

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about US-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. All three major US stock indexes gained ground, hovering within 1% of reco

The Canadian dollar weakened against its US counterpart on Friday, unwinding much of this week's gains after data showing a slump in domestic jobs suggested the economy was not as resilient as the Bank of Canada had hoped.

Speculators raised their net long bets on the US dollar in the latest week to a five-month high, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday.

The Kenyan shilling is expected to be steady against the dollar in the week ahead supported by hard currencies sent home for the holidays by Kenyans who live abroad, while the Zambian kwacha will also be stable.

Brazil's real rallied 1% against the dollar on Friday, in its biggest weekly rise in six weeks, as traders continued to buy the currency after it hit a record low last week.

Investor sentiment towards most Asian currencies, especially the Chinese yuan, turned sour over the past two weeks, a Reuters poll showed, on fading hopes for a quick truce in the Sino-US trade spat ahead of impending tariffs on China.

The dollar gained on Friday after five straight days of losses, lifted by data showing the US economy created many more jobs than expected in November, backing the Federal Reserve's stance of keeping interest rates on hold after cutting them three times t

Cotton prices improved on the local market on Saturday due to mills' renewed buying to replenish their stock, dealers said. The official spot rate maintained overnight level Rs 8800, they added. In ready session, about 10,000 bales of cotton changed hands

Algeria's state grains agency OAIC has purchased about 500,000 tonnes of milling wheat in an international tender that closed on Wednesday, European traders said on Thursday. Initial unconfirmed trade estimates put the purchase at about 480,000 tonnes to

Asia's naphtha crack edged higher on Thursday after falling for three consecutive sessions, boosted by expectations of near-term supply shortages, trade sources said. Signs of improved naphtha output following maintenance shutdowns helped ease naphtha cra

Rampant Liverpool beat Bournemouth 3-0 to lock down the Christmas number one spot ahead of Saturday's Manchester derby as Jose Mourinho's Tottenham blitzed Burnley 5-0 to climb to fifth in table. Interim boss Duncan Ferguson lifted Everton's spirits, cond

James Anderson was recalled by England on Saturday for their upcoming tour of South Africa after recovering from a calf injury, while his fellow bowler Mark Wood and wicketkeeper Jonny Bairstow also returned to the squad.

Play was abandoned Saturday during a domestic game due to a dangerous pitch at the Melbourne Cricket Ground, just weeks before it is due to host the traditional Boxing Day Test.