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You are here: Home » news » 2009 » August

Pakistan rejects US accusation on missile modification

ISLAMABAD: The Foreign Office on Sunday categorically rejected the accusation in an article, by Eric Schmitt and David Sanger, titled ‘US says Pakistan made changes to missiles sold for defence’. The Foreign Office spokesman, Abdul Basit, said that the article was published in The New York Times on August 29, and added that no modification [...]

Steel dealers go on strike against FIA investigation

KARACHI: Pakistan Steel Mills Corporation’s dealers have gone on strike and have decided not to do business with the corporation unless FIA investigations stopped completely.
Pakistan Iron Steel Merchant’s Association, a representative body of steel dealers, has taken serious notice of the harassment caused to Karachi based Pakistan Steel dealers during last ten days on account [...]

World Bank asks FBR to remove IMS/PRAL functions overlapping

ISLAMABAD: The World Bank (WB) has urged the Federal Board of Revenue (FBR) to remove overlapping of functions between FBR Information Management Wing (IMS) and Pakistan Revenue Automation Limited (PRAL) to clearly define functions for procurement of IT-related equipment and software development on federal taxes.
Sources told Business Recorder on Saturday that the WB review mission [...]

World Bank asks FBR to remove IMS/PRAL functions overlapping

ISLAMABAD: The World Bank (WB) has urged the Federal Board of Revenue (FBR) to remove overlapping of functions between FBR Information Management Wing (IMS) and Pakistan Revenue Automation Limited (PRAL) to clearly define functions for procurement of IT-related equipment and software development on federal taxes.
Sources told Business Recorder on Saturday that the WB review mission [...]

Phutti price likely to be fixed at Rs 1,500/40 kg

ISLAMABAD: The government is likely to fix seed-cotton (phutti) intervention price at Rs 1500 per 40 kg for the base grade 3, with staple length 1-1/32 during 2009-10, an increase of Rs 35 (less than one rupee per 40 kg of Rs 1465 last year), sources told Business Recorder here on Sunday.
The task force on [...]

Industrialists resent Rs two million/acre PDC raise by PQA: land transfer fee, NUF revised

KARACHI: The Port Qasim Authority (PQA) has enhanced the rate of Peripheral Development Charges (PDC) by 100 percent, or Rs 2 million per acre, for all categories of allotment lands in its industrial estate, except the area for edible oil and molasses.
The industrialists, however, have rejected the move as “unreasonable”, saying that it would render [...]

Rescheduling NBP loan for TIP: finance links GoP guarantee to ECC nod

ISLAMABAD: The Finance Ministry is reported to have refused to give GoP guarantee in favour of National Bank of Pakistan (NBP) for rescheduling of the loan of Telephone Industries of Pakistan (TIP) until Economic Co-ordination Committee (ECC) of the Cabinet gives green signal, sources told Business Recorder.
TIP is heavily depending on overdraft from the National [...]

KSE ends 1.5pc higher; rupee firms

KARACHI: Karachi stock index notched its highest close this year on Monday as foreign investors bought banking and energy sector shares, dealers said. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 1.57 percent, or 134.45 points, higher at 8,675.67 on turnover of 226.4 million shares.
The KSE-100 has gained 47.9 percent this year after losing [...]

Presidency should shut anti PML-N campain

LAHORE: Muslim League (N) has warned the Presidency to put up the shutters over its campaign against the PML-N in 48 hours otherwise the party would give its response in a tit for tat manner.
Talking to media in Lahore PML-N leader Ahsan Iqbal said, “We want enforcement of the Charter of Democracy but our [...]

DHA Karachi today launched a new residential-cum commercial venture

Karachi: DHA Karachi today launched a new residential-cum-commercial venture on Superhighway under the brand name of ‘DHA City Karachi’. The landmark project is being developed in accordance with contemporary town and master planning concepts into a complete city in itself with world class amenities.
Administrator DHA Brig Khalid Tirmizi said on the eve of the media [...]

Bahria Town Lahore

Bahria Town Lahore Plot for Sale

Where the historical cultural centre of Pakistan, the great city of Lahore, is greatly treasured for its historical assets; urbanization has already converted its image to a modern metropolitan. Hi-rise developments and an ever increasing population density has gradually crept over the natural greens that are a signature of the graœland of the five rivers.

Bahria Town Lahore developments bring back the spirit of the land of the greens with a modern touch. The master design revives the communal setting alongside the famous Lahore Canal. Life is caressed at Bahria Town Lahore development with the provision of the most conventional to most modern means to enable a complete lifestyle.

DHA Lahore

DHA Lahore Plot for Sale

LCCHS (Lahore Cantt Cooperative Housing Society) was established on 19 March 1975 with the Registrar Coop Punjab. The business of the Society was carried out through a Management Committee (MC) consisting of 11-15 members. During 1989, in the general meeting of the members a byelaw, authorizing serving army officers to cast vote through postal ballot for electing MC members and making policy decisions was passed. This did not suit to some members due to their vested interests. Therefore they challenged the decision in the High Court. In 1991 High Court suspected the MC and instructed all the power of MC to Commander Lahore Corps. In order to improve the efficiency of LCCHS, the Society was converted into Defence Housing Authority on 2 Jul 1999. first through a Provincial Ordinance and finally through Federal DHA Order of 19 September 2002.

Lake City Lahore

Lake City Lahore Plot for Sale

Lake City is a resort / residential development, planned 13 km on the outskirts of Lahore. The affluent factor in nominating the site, in view of the mounting pollution levels in the city, were its environmentally serene surrounding in close proximity to Lahore. The development derives its name from the artificial lakes that will form the focal point of the habitat.

The proposed project is planned around an 18-hole 214 acres, regulation Golf Course, the largest in Pakistan, with luxury bungalows surrounding the course greens. This self-contained community offers its residents all the amenities in addition to a secure and elite lifestyle.

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