The 5th of July 1977 martial law introduced the cultures of Kalashnikov, drugs, sectarianism and corruption in Pakistan and is the darkest day in the history of Pakistan as a dictator imposed…
With the introduction of a new test called nucleic-acid amplification test (NAT) at the Aga Khan University Hospital (AKUH), donated blood can now be screened for hepatitis B and C and HIV…
University of Management and Technology (UMT) students have showcased 25 innovative business ideas during two-day Pakistan Entrepreneurs and Leaders Programme – 2011, which concluded here on Friday. To encourage young entrepreneurs the…
KARACHI – The recently-introduced leveraged products, Margin Financing System (MFS), Margin Trading System (MTS) and Securities Lending and Borrowing (SLB), appears to have failed to achieve the desired result of increasing volume at the country’s volatile equity markets through luring greater investment.
Moreover, regulators from the Securities and Exchange Commission of Pakistan (SECP) have started smelling a rat in the stock members’ usage of leveraged products that were
KARACHI – Shezan International Limited, a well-known consumer brand having a good local and international market share in processed food items and beverages, has announced the complete range of jam, jelly and marmalade in newly-designed jars and packaging.
It was announced by the company’s Director Marketing Waseem Amjad Mehmood during a press conference at Avari Towers, Karachi. He said the products would have added chunks of fresh fruit giving extra nutritional value to the
FAISALABAD – The European Union has announced to finance a project titled ‘Trade-Related Technical Assistance’ (TRTA) aimed at boosting Pakistan’s economy by increasing the life of farm products. It was stated by international expert, Dr Mike Dillon, at his recent meeting with University of Agriculture Faisalabad (UAF) Vice Chancellor Dr Iqrar Ahmad Khan and Institute of Horticultural Sciences head Prof Dr Amman Ullah.
Dr Mike Dillon has been appointed as a coordinator by United
KARACHI – While critics foresee possible abuse of the leveraged products about to hit the country’s stock exchanges next week, the National Clearing Company of Pakistan Limited (NCCPL) begs to differ.
“This has been taken care of. Unlike previous leveraged products, cash and not securities will be acceptable in the new margin trading system,” NCCPL Chief Executive Officer Muhammad Lukman, told Pakistan Today. The NCCPL chief said ‘robust’ risk management measures had been taken
KARACHI – Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Zonal Chairman Jawed Chinoy, in a press statement, said that growth in Pakistan’s textile exports is largely driven by an increase in value added products in real terms. He said that value of readymade garment exports have increased by 35 percent, while the quantity exported has gone up by 23 percent.
Similarly, value of knitwear exports and its quantity has increased by 24 percent and 21
KARACHI – The Sindh High Court (SHC) on Tuesday summoned the Oil and Gas Regulatory Authority (OGRA) chairman, federal Finance and Law secretaries, the deputy attorney general and other respondents over a petition against the increase in the prices of petroleum products.
After hearing the preliminary comments of Maulvi Iqbal Hyder, the petitioner, a division bench headed by SHC Chief Justice Sarmad Jalal Osmany issued notices to the respondents seeking explanation in this
ISLAMABAD: The government has generated Rs 69 billion from sales tax and customs duty on petroleum products in the first four months of the current financial year, the Federal Board of Revenue (FBR) told a special committee of the Public Accounts Committee on Tuesday.
The FBR told the PAC III, which was chaired by Riaz Pirzada, that the tax earnings increased by Rs 30 billion in the same period. “Rs 428 billion have been received under pure taxes in the same period,” the FBR