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ISLAMABAD: The Islamabad High Court on Wednesday ordered the Federal Board of Revenue to impound 50,000 vehicles, after declaring the amnesty scheme introduced by the previous government for smuggled vehicles as illegal. The IHC ordered the FBR to... 
Egypt’s government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday. The loan, needed to help stabilise... 
MULTAN: The recent spell of rain augurs well to the crops especially cotton, said a representative of Pakistan Kissan Ittehad (PKI) Chaudhary Shafique Ahmed. Talking to APP here on Sunday, he said that the crops were facing shortage... 
WASHINGTON: Highlighting Pakistan’s tremendous economic potential and robust performance of its capital markets, a delegation of Karachi Stock Exchange told American investors they stand to gain from business prospects the South Asian country of 180 million people offers.... 
ISLAMABAD: The Petroleum Ministry has approved an increase in the price of petroleum products following an increase in the sales tax. The price of petrol of petrol has been raised to Rs100.63 from an earlier price of Rs99.77.... 
SIALKOT: Chairman of All Pakistan Dry Ports Association, Muhammad Ishaq Butt has welcomed the proposed federal budget,first by the new government of PML (N). Talking to newsmen at his Sialkot office Thursday,he termed it a balanced budget in... 
TOKYO: A proposal by a US hedge fund billionaire to spin off a chunk of Sony’s profitable music and movie business is shining a light again on what has been a long-time sore spot for the Japanese giant:... 
ISLAMABAD: Managing Director, Pakistan Bait-ul-Mal (PBM) Tariq Khursheed Malik on Sunday said their demand for the next fiscal budget 2013-14 would be Rs 6 billion to meet the expenditure of the current projects. Talking to the media on... 
Washington: Consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity that should see the Federal Reserve maintaining its monetary stimulus for a... 
India announced growth figures for its full financial year on Friday showing the once-booming South Asian economy expanded by 5.0 percent in 2012/2013, its slowest pace in a decade. Low business confidence, slumping investment, high inflation and weak... 
Followed by record trading volume, the Karachi share market on Thursday closed on positive note. The benchmark KSE-100 index touched fresh peak of 21,682.06 points during the intraday trading. However, the index could not sustain this level and... 
ISLAMABAD: Pakistan’s High Commissioner in Singapore Syed Hasan Javed has stated that time has arrived for Pakistan’s economy to take off with the help of the People’s Republic of China and other trusted friends. He expressed these views... 
ISLAMABAD: Federal Board of Revenue (FBR) has advised the taxpayers and general public not to send their bank account details and password to emails received from any email address that is apparently from FBR. A statement issued by... 
Electric car company Better Place said on Sunday it had filed a motion in an Israeli court to wind up the company, bringing an end to a venture whose battery charging network had aimed to boost electric car... 
BEIJING: To commensurate with strong political and military ties, economic and trade cooperation between China and Pakistan should be deepen, experts say. “Compared with political ties, bilateral trade cooperation between China and Pakistan is still weak and the... 
ISLAMABAD: Chinese Premier Li Kiqiang has said that China takes its trade imbalance with Pakistan seriously and is taking measures to address the issue as there is great potential to be tapped in their economic cooperation. He said... 
KARACHI: The Pakistan State Oil (PSO) has launched what it termed as `Fuel Smart Cards’. A pompous ceremony to this effect was organised in Karachi on Saturday evening attended largely by corporate executives and others. It was pointed... 
KARACHI: The leadership of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), felicitating Mian Muhammad Nawaz Sharif and his party on winning general elections-2013, has urged that PML-N should give top priority to the revival of the... 
KARACHI: State Bank of Pakistan (SBP) has extended the deadline for all banks/ DFIs to submit claims of textile exporters against payment of export finance mark-up rate facility and mark up rate support for textile sector against long... 
JPMorgan Chase & Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 billion of losses on the so-called “London Whale” trades, an influential proxy advisory... 
LAHORE: While speaking at the international conference on institutions, growth and development, the US Consul General at the US Consulate Jeffrey N Bakken announced that the US government’s will continue support for Pakistan’s rural and dairy economy, on... 
Chairman Federal Board of Revenue (FBR) Ansar Javed Sunday committed that Federation of Pakistan Chamber of Commerce and Industry, an apex body in the country, will be fully taken into confidence on budget and other taxation proposals. Talking... 
The International Monetary Fund urged leading powers Saturday to step up growth and reforms to generate jobs, warning that confidence in the global economy was in short supply. They also warned emerging and smaller economies to shore up... 
KARACHI: Net foreign direct investment into Pakistan rose 3.8 per cent in the nine months that ended in March to reach $622 million, compared to a year earlier, the State Bank of Pakistan said on Tuesday. Between last... 
KARACHI: As part of the new vision of Pakistan State Oil (PSO) to make the leading public sector company an integrated energy company and with the determination to secure Pakistan’s energy supply chain, PSO has signed a Memorandum... 
KARACHI: Pharma Bureau – a representative body of 22 multinational pharmaceutical companies operating in Pakistan – has demanded of the government to match medicines’ prices in Pakistan with neighbouring India. Tariq Wajid, chairman of Pharma Bureau, said this... -
Commando Operation starts in Quetta hospital
15th Jun 13 -
Sindh assembly presents provincial budget RS 617 billion
17th Jun 13 -
Two explosions in a hospital in Quetta
15th Jun 13 -
Deputy Commissioner Quetta kills in Bolan Medical Complex blasts
15th Jun 13 -
Blast inside a university bus in Quetta; kills fourteen women
15th Jun 13 -
Japanese Ambassador calls on CM Sindh
15th Jun 13 -
Imran Khan damaged Pakistan cricket, Aamir Sohail
17th Jun 13 -
Quaid’s Ziarat residency to be rebuilt in 3 months: Govt
17th Jun 13 -
India wins toss, puts Pakistan into bat
15th Jun 13 -
Aaj with Reham Khan (Quetta Blasts) – 15th June 2013
16th Jun 13
JUST IN 
- PM Nawaz directs to speed up Neelam-Jehlum Project
- Complete shutdown observed in Islamabad town
- Pakistani stocks rise on IMF visit optimism
- Pakistani girl killed in Kashmir border firing: officials
- PML-N suspends party membership of MPA over bus hostess row
- Pakistan ranked sixth among high TB risk countries
- Lahore Stock Exchange up by 26.17 points
- Chinese supercomputer named as world’s fastest
Economy
Amnesty scheme for smuggled vehicles is illegal: IHC
By: Farah Jamil, Uploaded: 19th June 2013
ISLAMABAD: The Islamabad High Court on Wednesday ordered the Federal Board of Revenue to impound 50,000 vehicles, after declaring the amnesty scheme introduced by the previous government for smuggled vehicles as illegal. The IHC ordered the FBR to announce bids for the vehicles after impounding them for auction. The court also declared the SRO issued... Egypt verifying economic reform plan with IMF
By: Afraz Ahmed, Uploaded: 16th June 2013
Egypt’s government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said on Saturday. The loan, needed to help stabilise Egypt’s balance of payments and state finances, has been under discussion for two years but agreement has... Recent spell of rain augurs well to crops
By: Majid Siddique, Uploaded: 16th June 2013
MULTAN: The recent spell of rain augurs well to the crops especially cotton, said a representative of Pakistan Kissan Ittehad (PKI) Chaudhary Shafique Ahmed. Talking to APP here on Sunday, he said that the crops were facing shortage of water because of immense laodshedding in the region. He added that the recent rainy spell had... US, Pakistani business leaders, diplomats emphasize huge investment
By: Afraz Ahmed, Uploaded: 15th June 2013
WASHINGTON: Highlighting Pakistan’s tremendous economic potential and robust performance of its capital markets, a delegation of Karachi Stock Exchange told American investors they stand to gain from business prospects the South Asian country of 180 million people offers. Muneer Kamal, Chairman, Karachi Stock Exchange and Nadeem Naqvi, the KSE Managing Director, spoke to a gathering... Petroleum ministry increases prices
By: Maliha, Uploaded: 13th June 2013
ISLAMABAD: The Petroleum Ministry has approved an increase in the price of petroleum products following an increase in the sales tax. The price of petrol of petrol has been raised to Rs100.63 from an earlier price of Rs99.77. The price of diesel has been increased by 90 paisas to Rs105.50. Meanwhile the price of light... Budget to boost economy: chairman APDPA
By: Fawad Khan, Uploaded: 13th June 2013
SIALKOT: Chairman of All Pakistan Dry Ports Association, Muhammad Ishaq Butt has welcomed the proposed federal budget,first by the new government of PML (N). Talking to newsmen at his Sialkot office Thursday,he termed it a balanced budget in the prevailing circumstances. Muhammad Ishaq Butt, who is also the chairman of Sialkot Dry Port, urged “effective... Sony break-up call shines light on electronic ills
By: Majid Siddique, Uploaded: 2nd June 2013
TOKYO: A proposal by a US hedge fund billionaire to spin off a chunk of Sony’s profitable music and movie business is shining a light again on what has been a long-time sore spot for the Japanese giant: electronics. The once-iconic maker of the Walkman is rarely seen as anything but a gadgets company, with... PBM demands Rs 6 bln for next budget: Tariq Malik
By: Farah Jamil, Uploaded: 1st June 2013
ISLAMABAD: Managing Director, Pakistan Bait-ul-Mal (PBM) Tariq Khursheed Malik on Sunday said their demand for the next fiscal budget 2013-14 would be Rs 6 billion to meet the expenditure of the current projects. Talking to the media on Saturday, he said, the PBM was facing financial problems for the last two years as the allocated... Consumer spending falls due to inflation
By: Bazla Javed, Uploaded: 31st May 2013
Washington: Consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity that should see the Federal Reserve maintaining its monetary stimulus for a while. The Commerce Department said on Friday consumer spending fell 0.2 percent, the weakest reading since May... Indian economy grows at slowest rate in a decade
By: Reuters, Uploaded: 31st May 2013
India announced growth figures for its full financial year on Friday showing the once-booming South Asian economy expanded by 5.0 percent in 2012/2013, its slowest pace in a decade. Low business confidence, slumping investment, high inflation and weak export demand from Western countries were blamed for the bleak performance which comes ahead of national elections... KSE-100 at its all time high at 21788.29
By: Monitoring Desk, Uploaded: 31st May 2013
Followed by record trading volume, the Karachi share market on Thursday closed on positive note. The benchmark KSE-100 index touched fresh peak of 21,682.06 points during the intraday trading. However, the index could not sustain this level and closed at 21,590.66 points, up by 149.54 points. Major activity was witnessed in the low-priced scrips and... Pakistani economy to take off soon: Pakistan’s High Commissioner
By: Farah Jamil, Uploaded: 30th May 2013
ISLAMABAD: Pakistan’s High Commissioner in Singapore Syed Hasan Javed has stated that time has arrived for Pakistan’s economy to take off with the help of the People’s Republic of China and other trusted friends. He expressed these views while addressing a group of prominent Pakistani Expatriate Investors at his Embassy Residence, said a message received... FBR advise taxpayers not to send account details
By: APP, Uploaded: 29th May 2013
ISLAMABAD: Federal Board of Revenue (FBR) has advised the taxpayers and general public not to send their bank account details and password to emails received from any email address that is apparently from FBR. A statement issued by FBR here on Wednesday said that it has been reported that some fraudulent people are using a... Electric car venture Better Place files to wind up company
By: Alize Ahmed, Uploaded: 26th May 2013
Electric car company Better Place said on Sunday it had filed a motion in an Israeli court to wind up the company, bringing an end to a venture whose battery charging network had aimed to boost electric car sales. Better Place partnered with Renault in 2008 to create an electric car system combining charging terminals... Boost in trade can strengthen Pak-China friendship
By: Farah Jamil, Uploaded: 23rd May 2013
BEIJING: To commensurate with strong political and military ties, economic and trade cooperation between China and Pakistan should be deepen, experts say. “Compared with political ties, bilateral trade cooperation between China and Pakistan is still weak and the two countries should further encourage their economic and trade cooperation and communication, based on bilateral strategic mutual... China seriously considers trade imbalance with Pakistan: Li
By: Farah Jamil, Uploaded: 21st May 2013
ISLAMABAD: Chinese Premier Li Kiqiang has said that China takes its trade imbalance with Pakistan seriously and is taking measures to address the issue as there is great potential to be tapped in their economic cooperation. He said Pakistan’s export to China last year increased by nearly 50 percent. China is Pakistan’s second largest trading... PSO launches Fuel Smart Cards
By: Alize Ahmed, Uploaded: 19th May 2013
KARACHI: The Pakistan State Oil (PSO) has launched what it termed as `Fuel Smart Cards’. A pompous ceremony to this effect was organised in Karachi on Saturday evening attended largely by corporate executives and others. It was pointed out on the occasion that the PSO has reached yet another technological milestone by introducing the first... PML-N should give top priority to economic revival : FPCCI
By: Farah Jamil, Uploaded: 14th May 2013
KARACHI: The leadership of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), felicitating Mian Muhammad Nawaz Sharif and his party on winning general elections-2013, has urged that PML-N should give top priority to the revival of the national economy. FPCCI, the country’s apex body of trade and industry, has hoped that Pakistan Muslim League-N... SBP extends deadline for banks to submit claims of Textile Exporters
By: Farah Jamil, Uploaded: 6th May 2013
KARACHI: State Bank of Pakistan (SBP) has extended the deadline for all banks/ DFIs to submit claims of textile exporters against payment of export finance mark-up rate facility and mark up rate support for textile sector against long term loans from April 15, 2013 to May 20, 2013. The SBP, through a circular here on... JPMorgan shareholders urged to reject three directors
By: Alize Ahmed, Uploaded: 5th May 2013
JPMorgan Chase & Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 billion of losses on the so-called “London Whale” trades, an influential proxy advisory firm said. ISS Proxy Advisory Services said in a report released late Friday that directors David Cote,... US to continue support for Pak agri sector
By: Aqsa Ishtiaque, Uploaded: 3rd May 2013
LAHORE: While speaking at the international conference on institutions, growth and development, the US Consul General at the US Consulate Jeffrey N Bakken announced that the US government’s will continue support for Pakistan’s rural and dairy economy, on Thursday The conference was organised in collaboration between the US Agency for International Development (USAID)-funded dairy project... FBR to take FPCCI into confidence on budget proposals
By: APP, Uploaded: 28th April 2013
Chairman Federal Board of Revenue (FBR) Ansar Javed Sunday committed that Federation of Pakistan Chamber of Commerce and Industry, an apex body in the country, will be fully taken into confidence on budget and other taxation proposals. Talking to 20 members high level delegation of traders drawn from all over the country led by VP... IMF presses advanced economies to build confidence
By: Alize Ahmed, Uploaded: 21st April 2013
The International Monetary Fund urged leading powers Saturday to step up growth and reforms to generate jobs, warning that confidence in the global economy was in short supply. They also warned emerging and smaller economies to shore up their financial defenses in anticipation of turbulence as leading economies charge up growth with extraordinary monetary stimulus... Foreign investment rose 3.8% in Pakistan
By: Reuters, Uploaded: 17th April 2013
KARACHI: Net foreign direct investment into Pakistan rose 3.8 per cent in the nine months that ended in March to reach $622 million, compared to a year earlier, the State Bank of Pakistan said on Tuesday. Between last July and March, there was an inflow of $1.591 billion and outflow of $969 million, the central... PSO to set up refinery in KPk
By: Majid Siddique, Uploaded: 11th April 2013
KARACHI: As part of the new vision of Pakistan State Oil (PSO) to make the leading public sector company an integrated energy company and with the determination to secure Pakistan’s energy supply chain, PSO has signed a Memorandum of Understanding (MoU) with the Government of Khyber- Pakhtunkhwa (GoKP) for the establishment of a state-of-the-art oil... Pakistan Pharma Bureau demands govt to increase prices
By: Monitoring Desk, Uploaded: 10th April 2013
KARACHI: Pharma Bureau – a representative body of 22 multinational pharmaceutical companies operating in Pakistan – has demanded of the government to match medicines’ prices in Pakistan with neighbouring India. Tariq Wajid, chairman of Pharma Bureau, said this in a meeting with a group of journalists on Tuesday. Interestingly, he briefed media on medicines’ pricing... 
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