Islamabad: Chaudhary Abdul Ghafoor, MNA/Chairman NCGR presided over the meeting. A comprehensive presentation was given by the Secretary of the Commission on Reforms agenda. Status of the implementation of each decision of its Steering Committee was discussed at length. The Commission approved the progress for presentation to the new Steering …

Islamabad: Dr Abdul Hafeez Sheikh, Advisor to the Prime Minister on Finance called on Prime Minister Syed Yusuf Raza Gilani at PM’s House today and briefed him about the economy and the continuing progress in the key areas such as domestic tax collection which has registered 26% increase during the …

Islamabad: Deputy Chairman Senate Mir Jan Muhammad Khan Jamali has emphasized the need to enhance Parliamentary contacts within the SAARC Region for generating better understanding and increasing cooperation among countries for ultimate progress and prosperity of the people of the whole region. SAARC Parliamentary Union is likely to happen in …

Quetta: A Pakistan Air Force plane crashed in Pasheen, some 50 kilometre from here, on Wednesday, official sources said. PAF spokesman said an F-7PG, China-provided fighter, crashed in Pasheen. Pilot was killed in the incident. Local administration said pilot successfully ejected but sustained serious injuries which proved fatal . PAF …

Karachi: Major Companies Declare Results According to MR Securities, • The Hub Power Company Limited (HUBCO) has announced a profit-after-tax of Rs2.99 billion for the half-year ended on December 31, 2011, which is five percent up from Rs2.84 billion earned in the same period in 2010. • Engro Fertilizer on …

Karachi: Revision of CGT regime for stock market: Cannot legalize black money through revision: SECP Revision in capital gains tax (CGT) regime for the country’s stock market cannot be used for whitening illegal money as only the legal money made during CGT exemption period of the last 36 years would …

Karachi: Allied Bank Ltd (ABL) is scheduled to announce its full-year CY11 result on Tuesday, Feb 14’12. According to AKD Securities, on a consolidated basis, AKD Securities expects ABL to post NPAT of PKR10.17bn (EPS: PKR11.82) in CY11 against NPAT of PKR8.28bn (EPS: PKR10.59) in CY10, translating into robust growth …