Body formed to ensure payments to Mirani Dam affectees

ISLAMABAD  - Finance Minister Ishaq Dar on Wednesday formed a committee headed by Secretary Finance to review the matters pertaining to long-standing issue of payment of compensation to Mirani Dam affectees of Balochistan.He formed a committee during a meeting with the Chief Minister ...

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  • Big deals sealed at real estate expo

    , By Our Staff Reporter

    Lahore  - The three-day Property and Real Estate Expo held at Expo Center Lahore from March 27-29 attracted millions of dollars of investment from both local and overseas investors.The organizers said that the event attracted about 20,000 people over the three days, including local and foreign ...

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  • KPCCI to honour top businessmen

    , By Our Staff Reporter

    PESHAWAR - Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) on Wednesday announced to hold its 12th Business Excellence Award show on May 15, aiming at acknowledging achievements by the business community of the province.The show will be held at Convention Center Islamabad. Prime ...

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  • OICCI submits budget proposals

    , By Our Staff Reporter

    Karachi - Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted comprehensive taxation proposals to the Chairman, Federal Board of Revenue (FBR) for inclusion in the Federal Budget 2015-16, which is to be announced on May 29, 2015. OICCI budget proposals cover over 100 ...

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  • Concerned WTO wants govt to take measures to facilitate businesses

    , By Imran Ali Kundi

    ISLAMABAD - The World Trade Organisation (WTO) members had shown concerns over the Pakistan’s tariff liberalisation, ban on the import of livestock, discriminatory SROs and country ‘s low ranking in the World Bank’s Ease of Doing Business.WTO members also suggested that necessary ...

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  • corporate corner

    Turkish Airlines gala dinner and award ceremonyLAHORE (PR): Turkish Airlines Lahore Branch has celebrated gala dinner and award ceremony with Punjab travel agents and tours operator at a local hotel.On the occasion, Besim Perolli, General Manager for Turkish Airlines Lahore, has announced that ...

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  • Inflation drops to decade’s lowest level

    , By Imran Ali Kundi

    ISLAMABADThe inflation had touched the decade’s lowest level of 2.5 percent in the month of March over the corresponding period of previous year mainly due to the massive decline in oil prices in last six months. Inflation, measured by the Consumer Price Index (CPI), remained at more than two ...

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  • KSE adds 371pts on institutional support

    , By Our Staff Reporter

    karachiKarachi Stock Exchange Wednesday rallied by 1.2pc adding 371 points to close at 30,605 points level. Institutional support helped KSE-100 gained 5.8pc in last 2 sessions after a sharp fall of 3.4pc on Monday, recording week to date gain at 2.3pc. The 11-year low CPI of 2.49pc also ...

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  • No end to energy crisis in sight

    , By Our Staff Reporter

    LahoreThe National Electric Power Regulatory Authority (NEPRA) recently issued a statement that loadshedding will not end by 2020. Investigation into the reasons for this state of affairs revealed shocking facts. The government has been trying to hoodwink the public by making lofty claims about ...

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  • Chinese firms eager to invest in oil, gas sector

    , By Our Staff Reporter

    islamabadChinese oil and gas companies have expressed deep interest to make contribution in the oil and gas sector of Pakistan to cater the growing demand of the country. The interest was shown by the representatives from private and public sector oil and gas companies of China who participated in ...

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  • Citi Bank arranges $120m for PIA

    , By Our Staff Reporter

    ISLAMABAD-US Exim Bank and Islamic Development Bank have extended $120 million financing facility for Pakistan International Airline (PIA), which were arranged by the Citi Bank.A delegation of Citi Bank, led by Nadeem Lodhi Country Officer, gave these details during a meeting with Finance Minister ...

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  • Dollar unchanged

    KARACHI (Staff Reporter): No change witnessed in dollar against rupee on Wednesday, it was traded at lowest rate of Rs 101.95 in inter bank. According to the details provided by the Forex Association of Pakistan dollar traded at lowest rate of Rs 101.95 and highest rate of 102 in inter bank while ...

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  • newsbrief

    Tevta pass-outs short listed for job in UAELAHORE (Staff Reporter): 150 TEVTA pass-outs in electrician trade have successfully been short listed for job in UAE by Mercury Mena Company. A skill based interview session for TEVTA pass-outs was organized by TEVTA Foreign Placement Cell with the ...

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  • IMF disburses $500m loan tranche to Pakistan

    ISLAMABAD (INP): Pakistan’s central bank has received $500 million from the IMF as the sixth loan tranche of an ongoing aid arrangement to support economic reforms and growth, sources said on Wednesday. Sources said that the SBP has already received the funds and that the country’s ...

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  • New aviation policy to benefit foreign carriers, not PIA: JACPIAE

    , By Amraiz Khan

    LAHORE - Joint Action Committee of PIA Employees (JACPIAE) has criticised the aviation policy formed by present government and said that instead of extending protection to PIA and other domestic carriers, free sky rather liberalization policy has been adopted in order to benefit the foreign ...

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  • Saudi group may acquire different IT companies of Pakistan

    , By Atif Khan

    ISLAMABAD - Pakistan Software Export Board Managing Director on Tuesday said that IT exports have increased by 35 per cent over last year with a forecast of $500 million in IT remittances for 2014-15.According to a handout from Ministry of Information Technology, Asim Shahryar Hussain stated this ...

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  • Customs Valuation DG visits KCCI

    , By Our Staff Reporter

    KARACHI - Director General of Directorate of Customs Valuation, Samaira Nazir Khan has said that Directorate of Customs Valuation was trying its best to facilitate the commercial importers.Despite limited resources and workforce, the Directorate was striving hard to quickly resolve various issues ...

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  • Call to allocate fund for young entrepreneurs

    , By Our Staff Reporter

    LAHORE - Progressive Group has urged the government to allocate a special fund in the forthcoming budget which should fund the projects of educated young men and women aimed at accelerating the industrial and business activities in the country as well as creating job opportunities. Giving away ...

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  • Type approval of terminal equipment a requirement under PTA Act

    ISLAMABAD - Pakistan Telecommunication Authority has clarified a news story headlined “Computer equipment imported by small vendors stuck up at ports” which was published in The Nation on March 12, 2015. PTA clarified that, Section 29 of the Pakistan Telecommunication (Re-Organization) ...

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  • Corporate Corner

    FSSC certification for Metro storeLAHORE (PR): METRO Pakistan flagship store “Canal Bank” has been successfully certified according to Food safety system certification (FSSC - ISO 22002-1:2009 (22003:2007). With FSSC certification, METRO Cash & Carry Pakistan has become the 1st ...

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  • KSE stages record recovery; 100-index gains 1307 points

    , By Our Staff Reporter

    KARACHIAfter 9 per cent fall in the last 5 sessions, the shares market made a fast recovery on Tuesday as it came back like a boomerang to close up 4.5% or 1,307 points to settle at 30,234 points with volumes of over 260m shares worth of Rs11.5b/USD115m. After the end of the foreign selling spree ...

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  • Water shortage to hit economic growth

    , By Our Staff Reporter

    LAHORE Water shortage can directly hit the economic growth of Pakistan as it is not only the cheapest source of power generation but is also the lifeline of agriculture sector. It is a matter of concern that water scarcity is increasing with every passing day but we are throwing away more than 35 ...

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  • Govt withholds notifications of new textile policy

    , By Our Staff Reporter

    LAHOREThe government is delaying to issue notification for Technology Up-gradation Fund Scheme (TUFS), hindering the industry from undertaking BMR and fresh investment initiatives for textile industry.The federal government has withheld the notifications of initiatives under the Textile Policy ...

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  • Centre receives Sindh nomination for long-awaited 8th NFC at last

    , By Imran Ali Kundi

    ISLAMABADThe federal government has finally received the nomination from Sindh for the much-awaited 8th National Finance Commission, which might pave way in constituting the new NFC award before upcoming budget.“Federal Minister for Finance Senator Mohammad Ishaq Dar sent the proposal to the ...

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