Islamabad: The first meeting of the Afghanistan-Pakistan Joint Commission for Reconciliation and Peace in Afghanistan was held in Islamabad on 11 June, 2011. 2. President Hamid Karzai of the Islamic Republic of Afghanistan, and Prime Minister Syed Yusuf Raza Gilani of the Islamic Republic of Pakistan led their respective delegations to the meeting. 3. Professor Burhanuddin Rabbani, Chairman of the Afghan High Peace Council, Foreign Minister Zalmai Rasool, General Karimi Chief of the Afghan Army, Rehmatullah Nabeel Director General National [...]

Islamabad: 1. The President of the Islamic Republic of Afghanistan, His Excellency Hamid Karzai visited Islamabad on the invitation of the President of the Islamic Republic of Pakistan, His Excellency Asif Ali Zardari from 10-11 June 2011. 2. The Leadership of the two brotherly countries held in-depth talks, which were characterised by great warmth, on strengthening cooperation between Afghanistan and Pakistan in a comprehensive manner for realizing the shared vision of peace, development and prosperity for their respective peoples and [...]

Islamabad: Federal Board of Revenue has issued a notification No. SRO 595(1)/201 dated 10th June 2011 whereby penal surcharge on goods not cleared within the prescribed period has been fully waived off. The FBR has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouse. This measure has been taken to facilitate the trade and industry and commercial importers who have not been [...]

Islamabad: FBR has surpassed last year’s revenue collections of Rs. 1327.38 Billions in the first week of June, 2011. A comparison reveals that in fiscal year 2009-10, total collection of Rs. 1327.38 Billions was made by the close of that year. However, the collection Rs.1336.77 upto the first week of June for FY 2010-11, shows a marked increase over the previous year’s total Revenue Collections. Current FY still has 21 days to go, expecting a substantial increase in Tax Collection, [...]

Karachi: Old design and bigger size banknote of Rs 500 denomination will be demonetized with effect from 1st October, 2011. The State Bank of Pakistan (SBP) has asked the general public to exchange these notes from the field offices SBP Banking Services Corporation (BSC) and branches of commercial banks operating throughout the country latest by September 30, 2011. The State Bank has supplied posters in both the English and Urdu languages regarding the demonetization and exchange of Rs 500 old [...]

Karachi: Minister for Local Government Agha Siraj Khan Durrani said storm water drainage a big problem in Karachi which is due to the presence of lot of encroachments on the old natural drains system that dates back to colonial era. Blockage in the flow of water resulted in overflow of drains and ultimately creating problems for surrounding localities. Government is now mulling over the plan to clear these drains from encroachments by providing alternate residence to people residing there. He [...]

Karachi: Sindh Governor Dr Ishrat Ul Ebad Khan has directed the authorities concerned to take all possible measures to deal with the expected cyclone in Sindh. He issued these directives at a high-level meeting held at the Governor House on Friday. The meeting was attended by Representatives of the Army, Navy, Rangers, local Governments Authorities and the KWSB, KESC and other utilities. The governor also asked the authorities to take all technical measures into account for the prevention of any [...]