The task force of Sui Northern Gas Pipeline Limited (SNGPL) Peshawar has disconnected 361 illegal connections and replaced 168 suspected domestic/commercial meters, while 126 legal domestic consumers caught in pilferage during ongoing anti-gas theft campa

Association of Builders and Developers of Pakistan (ABAD) has congratulated newly elected office bearers of Karachi Press Club and Democrats Panel on tremendous victory in annual election 2019-20.

Deputy Commissioner Thatta Mohammad Usman Tanveer has said that Rs 69.450 million will be spent on repairing and renovating the Primary, Middle and Secondary schools in the district so that the buildings of the schools could be maintained.

The Federal Board of Revenue (FBR) paid sales tax refunds of Rs 103 billion to exporters during July-December (2019-20) against Rs 36 billion paid during the same period of 2018-19, reflecting an increase of Rs 67 billion.

Once macro-economic Stability is achieved and maintained the next step is to resume the path for socially inclusive economic growth, job creation and poverty reduction. This would require some deep-rooted structural reforms whose benefits would become app

The government has promulgated Tax Laws (Second Amendment) Ordinance 2019 for major increase in penalties on cash currency smuggling, ranging from $10,000- $200,000 and above, up to fine of ten times of value of currency and imprisonment up to 14 years de

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has asked Federal Board of Revenue (FBR) to aggressively follow up on its agreement with traders to expand the tax base.

Privatisation Commission has reportedly refused to allow M/s Kot Adu Power Company (Kapco) to participate in bidding of power projects in Punjab, saying that permission does not fall in its domain, well informed sources told Business Recorder.

National Consumer Price Index (CPI) has witnessed an increase of 12.63 percent on year-on-year (YoY) basis in December 2019 against the same period of 2018, revealed Monthly Price Indices released by Pakistan Bureau of Statistics (PBS) on Wednesday.

Prime Minister Imran Khan has acknowledged that 2019 was a difficult year for the people of the country as stabilization of the economy fuelled inflation, maintaining that 2020 would be a year of development.

Pakistan Stock Exchange warmly welcomed the New Year and witnessed a bullish trend Wednesday on the back of healthy buying in almost all sectors.

Federal Minister for Defense Pervez Khattak has said that the cabinet has approved amendments in Section 172 of the Army Act and Article 155 of the Services Rules.

Iran's supreme leader Wednesday strongly condemned deadly US strikes on Iraq and warned his country was ready to confront threats after US President Donald Trump issued one against the Islamic republic.

Federal Board of Revenue (FBR) Member IR Policy Hamid Ateeq Sarwar on Wednesday said that the sales tax collection during (July-December) 2019-20 has shown remarkable growth of 25 percent as compared to same period of the last fiscal year.

Two Indian soldiers were killed Wednesday in a gunfight with suspected freedom fighters along the border, officials said.

Thousands of supporters of Palestinian president Mahmud Abbas's Fatah movement, which rivals Gaza's rulers Hamas, held a rare gathering in the enclave on Wednesday to mark the party's 55th anniversary.

As a major milestone in Pak-China economic relations, Habib Bank Limited (HBL) has successfully achieved branch opening license in Beijing, to provide financial services to its clients.

The Green Line project, an essential component of Karachi-specific Bus Rapid Transport (BRT) scheme, will be fully functional by the first week of February, said Federal Minister for Planning and Development, Asad Umar Wednesday.

National Electric Power Regulatory Authority (Nepra) on Wednesday increased tariff of Distribution Companies (Discos) by Rs 1.57 per unit for October 2019 under monthly fuel price adjustment formula across the board except lifeline consumers.

Embittered by the controversy caused by its reservations over the Kuala Lumpur summit of Muslim countries, Organisation of Islamic Conference (OIC) seems to have made the right move to deal with the post-summit situation. Saudi Arabia, one of the countrie

Airbus has become the world's largest planemaker for the first time since 2011 after delivering a forecast-beating 863 aircraft in 2019, seizing the crown from embattled U.S. rival Boeing, airport and tracking sources said on Wednesday.

FBR Year Book 2018-19 concedes that withholding taxes constitute 67% of the total collection of income tax (it was 65% last year). Out of total collection of Rs 1445.5 billion [it was Rs 1536.6 billion in 2017-18], Rs 39.2 billion [2.7%] received with

The consensus opinion is that current account will rear its head again, sooner rather than later, if exports remain sluggish. We also hear Ministry of Commerce knows it and is expending a lot of energyto find a way for exports to climb the greasy pole.

As part of his government's healthcare programme for vulnerable sections of society, Prime Minister Imran Khan distributed 'Sehat Insaf Card' among members of the transgender community at a special ceremony on Monday. The facility is to cover transgender

Although there has been a lot of improvement in the merchandise account of the country during the first five months of FY20, this positive development has been highly lop-sided in the sense that it has been basically due to the compression of imports whil

Hunarmand Pakistan is a unique and comprehensive program aimed at making the youth skillful by creating employment opportunities for their social and economic uplift and enabling them to play a pivotal role in national development.

Vice President of Hyderabad Chamber of Small Traders and Industry Muhammad Yasin Khilji and Convener of Sub-Committee for Sui Southern Gas Company Sikandar Ali Rajput have expressed their reservations on unscheduled load-shedding and low pressure of Sui g

Pakistan and India on Wednesday exchanged the lists of each other's nuclear installations and facilities, besides the lists of prisoners in each other's custody as part of bilateral arrangements.

Rejecting the new Indian army chief's irresponsible statement regarding "preemptive strikes" across the LoC inside Azad Jammu and Kashmir (AJ&K), Pakistan on Wednesday warned India against any misadventure.

Majyd Aziz and Zaki Ahmed Khan were elected as President and Vice President of Employers Federation of Pakistan (EFP) for the term 2020-2022. The following were elected as members of the Board of Directors: Asif Aziz Zuberi, Syed Nazar Ali, Ahsan Ullah Kh

The Federal Board of Revenue has issued the SRO 1640(I)/2019 dated Islamabad, the 31st December, 2019 to implement the protocol agreed between China and Pakistan. The Board in order to implement the agreed protocol, after thorough deliberations in consult

Prime Minister Imran Khan has instructed officials concerned to take strict actions against those involved in substandard of essential commodities, said Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan.

The Sindh Engro Coal Mining Company (SECMC) on Monday announced that it has achieved the financial close of Phase II of Mining Project in Thar Block II.

The appointments of fifteen special assistants to Prime Minister Imran Khan have been challenged in Islamabad High Court (IHC). Farrukh Nawaz Bhatti filed a petition through his counsel GM Chaudhary and cited the Prime Minister and fifteen special assista

The federal government on Wednesday presented two key bills, the Anti-Money Laundering (Amendment) Bill, 2019 and the Foreign Exchange Regulation (Amendment) Bill, 2019, in the Upper House of the Parliament, which finally met on Wednesday after an unprece

Sindh Energy Minister Imtiaz Sheikh, while condemning the increase of the power tariff of K-Electric and petrol prices, demanded the federal government to withdraw it immediately. He said the increase in the KE tariff and petrol price was a bomb dropped b

Adviser to the Prime Minister on Climate Change Malik Amin Aslam Wednesday said that 2020 is the year of development and economic revival as all the initiatives and reforms of the government would bear fruit in this year.

To provide premium hospitality in one of the most picturesque locations in Pakistan, Hotel One of Hashoo Group joins hands with National Logistics Cell to construct, select service resort hotels under the brand name "Hotel One NLC Collection."

Chief Commissioner in Land Revenue, Federal Board of Revenue, Sardar Ali Khawaja has said that the proposed Point of Sale (POS) system would be implemented after proper consultation with business community.

The Securities and Exchange Commission of Pakistan (SECP) has revamped initial public offering (IPO) regime to make the IPO process simple, cost effective and more efficient. The amendments in IPO Regulations 2017 have been made after thorough consultatio

Minister for Petroleum Omar Ayub Khan has said that 12 per cent additional natural gas was provided to the consumers in December as compared to last year. In his tweet here Wednesday, the minister said the Sui Northern Gas Company Limited (SNGPL) had prov

Some unknown militants on Wednesday attacked on house of PTI MNA from Bajaur, Gul Zafar Khan, here however no loss of life or property was reported, said District Police Officer (DPO), Pir Shahab Ali Shah. The DPO told media that unknown miscreants hurled

A delegation of National Disaster Risk Management Fund (NDRMF) headed by chief of staff Mohyuddin Wani called on provincial minister EPD, Muhammad Rizwan at his office here on Wednesday. Wani briefed to the minister that the federal government has funds a

The Lahore Chamber of Commerce and Industry (LCCI) have urged the government to address genuine reservations of transporters in the larger interest of trade, industry and economy.

Punjab government is finalizing necessary arrangement for launching a well-knitted plan for the promotion and developing of rose farms for producing of top quality of grafted especially roses across the Punjab. Punjab and other parts of the country natura

ACCA (the Association of Chartered Certified Accountants) and Akhuwat have signed a Memorandum of Understanding (MoU) which will help micro-entrepreneurs in the country to get access to professional support and develop financial literacy.

Divisional Commissioner/Administrator Metropolitan Corporation Faisalabad Ishrat Ali has said that new reforms were being introduced in Metropolitan Corporation Faisalabad with a view to provide prompt and quality municipal services to the citizens.

Punjab government has formulated a plan for rehabilitation and strengthening the cottage industry across the Province. Official sources told Business Recorder here on Wednesday that under the plan the government will provide loan amounting to Rs 30

In line with the vision of current government to maximize revenue collection through concerted efforts and business friendly approach, the Customs Region (North) of Federal Board of Revenue (FBR) surpassed its revenue target for the first six months of th

Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will arrive in Islamabad today (Thursday) for a daylong visit 'to further strengthen the bonds of friendship between the two brotherly countries.'

A delegation of Rice Exporters Association of Pakistan (REAP) on Wednesday met with Prime Minister's Advisor on Commerce, Industries and Production and Investment, Abdul Razak Dawood and presented issues facing rice exporters.

Askari Corporate Tower, a project of Army Welfare Trust becomes the first and the largest commercial building project of Pakistan to achieve LEED GOLD Certification from United States Green Building Council (USGBC).

Pak Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Wednesday rejected the alarming rise in prices of electricity and petroleum products.

Central Development Working Party (CDWP) has approved as many as eight projects worth Rs 13 billion and recommended five projects worth Rs 112.20 billion to Executive Committee of the National Economic Council (ECNEC).

Arif Habib Limited (AHL), one of Pakistan's leading and largest brokerage and investment banking firms has been recognised amongst the Top 25 Companies by the Pakistan Stock Exchange (PSX).

Pakistan Stock Exchange held the Top 25 Companies Awards Ceremony, to honor the top companies of Pakistan, in Karachi on December 27, 2019. This is the most prestigious and sought out recognition for the corporate sector of Pakistan. The occasion was grac

Agricultural sector during the current calendar year faced some very serious issues including availability of water, higher inputs, erratic rains; longer heat spells etc, which resulted in reducing the productivity of the crops.

Business community must play its proactive role in promoting the soft image of Pakistan at international level as it is directly linked with our exports, said Malik Kamran Azam, Joint Secretary Ministry of Human Rights.

The groundbreaking ceremony of Allama Iqbal Industrial City, a mega prioritized project of Special Economic Zone (SEZ) of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC will be held on January 03.

Justice Mamoon Rasheed Sheikh, the senior most judge of the Lahore High Court (LHC) has taken oath as 49th Chief Justice of the LHC in a ceremony held here at Governor's House on Wednesday. Punjab Governor Chaudhry Mohammad Sarwar administered oath to Jus

Member of National Assembly (MNA) and former provincial law minister Rana Sanaullah Khan on Wednesday demanded a judicial inquiry through a fact finding commission into drug case against him.

Fauji Fertilizer Company (FFC) as part of its initiative aimed at addressing food security and challenges to agriculture and farmers successfully organized a two-day Tele-Health Medical Camp utilizing the real time video link / online technology for medic

The Government College University Lahore, one of the oldest seats of higher learning in Pakistan, has turned 156. Founded on January 1, 1864 in the Haveli of Raja Dhyan Singh in the Walled City Lahore as the liberal arts and Science College, it served as

Punjab Chief Minister Usman Buzdar has said that roads linking Azad Kashmir will be repaired while repair and maintenance of Dina to Mangla Road will be completed soon.

Punjab Governor Chaudhry Mohammad Sarwar, Chief Minister Sardar Usman Buzdar and Punjab Assembly Speaker Chaudhry Pervaiz Elahi held an important meeting, here on Wednesday and vowed to work jointly for development and prosperity of the province of Punjab

The Punjab Food Authority (PFA) has caught four vehicles fully loaded with 24,580 liters of dirty oil which was being carried from different areas of Punjab to Lahore for selling.

"Another new year but the faces are the same."

As many as 27 projects have been identified for joint cooperation in socio-economic component of China-Pakistan Economic Corridor (CPEC).

The government on Wednesday informed the National Assembly that the terrorists' funds seized and confiscated by the law enforcement agencies (LEAs) registered a tremendous growth of 10,000 percent over the period of last one-and-a-half-year.

National Accountability Bureau (NAB) has made unprecedented recovery of Rs 150 billion in year 2019.

The city's weather is likely to continue gusty on Thursday as well with a minimum temperature up to 8 degrees Celsius, according to the Met Office on Wednesday.

Model Customs Collectorate (MCC), Port Qasim has collected Rs 328.30 billion during first six months of current financial year, surpassing its revenue target of Rs 307.16 billion by 6.44 percent.

As many as 121,821 individuals stayed at five shelter homes in the city, said a report issued on shelter homes by the District Administration. The report has covered the area starting from December 2018 to December 2019. It is first-ever report on shelter

The second indicator is the sector-wise share for each type of loan. The share in total outstanding loans, as per the above named sectors, in June'18, was 6.5, 31.3 (textile as share of manufacturing), 7.1 and 7.3 percent. In Sept'19, the corresponding sh

The academic year 2020 has got underway at the University of Sindh, Jamshoro. VC-SU Prof Dr Fateh Muhammad Burfat visited various teaching departments/ institutes as he also extended New Year greetings to faculty and students.

Ghani Glass Limited (PSX: GHGL) was established in 1992 as a limited liability company under the Companies Ordinance 1984 and is part of the Ghani Group.

Land-to-land missiles fired by Syrian regime forces killed nine civilians including five children in a school in northwestern Syria on Wednesday, a war monitor said. Part of the building in the town of Sarmeen had been turned into a shelter for the displa

At least 23 Afghan security forces were killed in a series of Taliban attacks across the country, officials said Wednesday, despite winter snowfall that usually leads to a lull in violence. The assaults targeted vulnerable checkpoints in at least three no

North Korean leader Kim Jong Un has declared an end to moratoriums on nuclear and intercontinental ballistic missile tests and threatened a demonstration of a "new strategic weapon" soon. Analysts said the announcement, reported by state media on Wednesda

A huge New Year's Day pro-democracy rally in Hong Kong ended in mass arrests and clashes between police and hardcore protesters, as demonstrators sought to carry their movement's momentum into 2020. Hong Kong has been battered by nearly seven months of un

Nine people died after Indonesia's capital was hit by its deadliest flooding in years, authorities said Wednesday, as torrential rains on New Year's Eve left vast swathes of the megalopolis submerged.

Chicago Board of Trade corn futures slipped on Tuesday but finished 2019 with a 3.4% annual increase on hopes for growing Chinese demand, traders said.

Chicago Board of Trade (CBOT) wheat futures rose on Tuesday as traders adjusted positions on the last day of the year, making gains of 11% for 2019.

US natural gas futures on Tuesday were on course for their biggest annual decline since 2014, hovering close to a four-month low hit in the previous week on forecasts for milder-than-normal weather.

Northwest European gasoline barge margins fell on Monday as trades remained muted in the year-end holidays. Arrivals of European gasoline and gasoline components to the United States were seen at around 655,200 tonnes so far in December, Refinitiv Eikon d

Asia's naphtha crack on Tuesday ended the year at a two-session high of $89.75 a tonne.

ICE Canadian canola futures closed lower on Tuesday in sympathy with declines in allied US soyaoil futures and Malaysian palm oil futures, traders said. January canola settled down $1.20 at $467.50 per tonne and most-active March canola ended down $1.10 a

Euronext wheat closed with an annual decline after a year-end rally only partly offset a price drop linked to a recovery in European production. March milling wheat, the most active contract on the Paris-based exchange, settled 0.25 euros, or 0.1%, down a

Chicago Board of Trade soyabean futures ended higher in 2019 on hopes for increased Chinese buying following a recently struck trade deal between Washington and Beijing. The most actively traded contract reached its highest price since June 13, 2018, and

Dalian iron ore futures rose on Tuesday to end 2019 with a near 141% surge from last year, outperforming other commodities, due to supply disruptions and China's still healthy demand for the steelmaking raw material. The Dalian Commodity Exchange's benchm

The Karachi Port handled 168,188 tonnes of cargo comprising 120,791 tonnes of import cargo and 47,397 tonnes of export cargo including 8,947 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Trade activity improved on the cotton market on Wednesday in the process of rising demand by the mills and spinners, dealers said. The official spot rate was inert at Rs 8900, they added. In ready session, over 5000 bales changed hands between Rs 8300-920

China's net gold imports via Hong Kong in November plunged 72% from the previous month to their lowest in nearly nine years, data from the Hong Kong Census and Statistics Department showed on Monday, mainly due to subdued demand.

A strong currency that hurts exports and risks deflation, or a weak one that hobbles banks and annoys the US - that's the choice Switzerland faces. For now, at least, it seems to have picked the former option. The Swiss franc, backed by a huge balance of

Inside a Lebanese bank, a woman screams for her salary. A man pounds his fist on the marble counter, demanding the teller release $200. In crisis-hit Lebanon, this is the new normal. "It's a shocking experience," said Khaled Taki, a 68-year-old consultant

Latin American currencies will mostly weaken in the months ahead as political uncertainty and economic caution grip the region, a Reuters poll showed, with the Brazilian real and Chilean peso the only ones expected to recover later this year.

The Hong Kong dollar firmed to as high as 7.7826 per US dollar on Tuesday, its strongest since May 2017. The Hong Kong dollar hit a five-month high earlier this month as months of anti-government protests in the city eased and investment inflows from Chin

If you're not a bitcoin enthusiast, you probably haven't heard what's happening next year: It's called the "halving", and it will cut production of the cryptocurrency by 50%. No one's in control of this process. It's a rule written into bitcoin's underlyi

The Canadian dollar rose to a 14-month high against its US counterpart on Tuesday as year-end funding pressures that might have boosted the greenback didn't occur, pushing the loonie's annual rally to more than 5%, the biggest of any G10 currency.

The Argentine peso on Monday chalked up a 37% drop for 2019, closing out a tumultuous year in which the currency has plummeted against the dollar amid rising debt default fears, rampant inflation and domestic recession.