Sindh Tourism Minister Shazia Maree, while advocating the need to reform the local government system, argued that the mindset that ran the system is not people-friendly. "The system of local government is not acceptable for people in Sindh because the min
Whereas the Asian Development Bank (ADB) has set a condition regarding approval of new schemes for financing, the Sindh government departments failed to furnish proposals for the Annual Development Programme (ADP) 2010-11, it is learnt.
The profit after tax of Fauji Fertiliser Company (FFC) has increased to Rs 8.823 billion in the year ended December 31, 2009 as compared to Rs 6.525 billion earned in the corresponding period in 2008. The earning per share of the company increased to Rs 1
The profit after tax of Fauji Fertiliser Company (FFC) has increased to Rs 8.823 billion in the year ended December 31, 2009 as compared to Rs 6.525 billion earned in the corresponding period in 2008. The earning per share of the company increased to Rs 1
A $20 billion project is under way for direct railroad link between Pakistan and Turkey which will improve transit time of goods between the two countries from 14 to 10 days. The commercial cargo service needs fast tracks to minimise the transit time.
A division bench of the Lahore High Court (LHC) here Thursday issued notice to the law officer for February 4 and extended the suspension of single bench orders under which extension of Dr Anwar A Khan, as Chairman Shaikh Zayed Hospital (SZH), was set asi
A meeting was arranged by Karachi Stock Exchange on January 28, 2010 to promote the awareness of first ever government debt instrument listed at the Stock Exchange. Director General of Central Directorate of National Savings (CDNS) Zafar Sheikh, visited t
Samsung Electronics Co, has commenced production of 3D LED and LCD TVs making it the first company to venture in the field of 3D technology. The company began producing LED and LCD compatible panels for 40-inch, 46-inch and 55-inch full-HD 3D TVs using '3
The Lahore High Court (LHC) here on Thursday issued notices to superintendent camp jail and provincial election commission in a petition of Ijaz Momim Jee presently jailed in a fraud case. Petitioner through his counsel said that he wanted to contest elec
The Fatima Fertiliser Company Limited (FFCL) is offering 50 million shares to the general public at a price of Rs 13.50 per share, 4.26 percent discount to the Strike Price of Rs 14.10 per share, determined through book building. The subscription list wil
The Fatima Fertiliser Company Limited (FFCL) is offering 50 million shares to the general public at a price of Rs 13.50 per share, 4.26 percent discount to the Strike Price of Rs 14.10 per share, determined through book building. The subscription list wil
Sindh government will energise 795 villages involving a cost of Rs 10,000 million under Village Electrification Programme in Sindh while phase II to provide electrification facilities throughout Sindh province under Chief Minister's directives through ele
Suspected militants on Thursday attacked a Nato convoy of three tractor-trailers loaded with trucks, leaving three people injured in Karachi, police said. The ambush took place before dawn on a main road in Karachi's SITE industrial neighbourhood shortly
Leader of Pakistan Muslim League (N) Makhdoom Javed Hashmi has said corruption has increased to an alarming extent in all institutions and there should be accountability of Asif Ali Zardari, Yousaf Raza Gilani and Shahbaz Sharif. He was speaking at a Labo
Giving warning of possible clash between the major state institutions, opposition leader in the National Assembly Chaudhry Nisar Ali Khan on Thursday said that Pakistan Muslim League-N would fully support the judiciary for non-implementation of the apex c
Pakistan Muslim League Nawaz (PML-N) central spokesman Ahsan Iqbal has criticised Prime Minister Gilani for 'misinterpreting' the Supreme Court verdict on NRO and has called his stance on reopening of the Swiss cases against President Zardari, a lame excu
Indian High Commissioner to Pakistan Sharat Sabharwal called on former Prime Minister and PML-N Quaid Muhammad Nawaz Sharif at his Raiwind residence on Thursday. During the meeting various matters of mutual interest came under discussion. Both also exchan
Indonesia and Pakistan need to build a meaningful relations to exchange academia and research experiences besides people to people contacts as there is tremendous potential of co-operation between the brotherly countries in the field of science and techno
Terming 2009 a "successful year" in its offensive against the Taliban network in Pakistan, Islamabad Ambassador to Beijing Masood Khan opined that beefing up the military presence is just part of a "two-track" means to eradicate terrorism in central Asia.
Faisal Karim Kundi, Deputy Speaker, National Assembly has said Islamabad played a great role in brining down the incidents of terrorism and its traffic police has brought complete discipline in traffic of the capital.
Interior Minister Rehman Malik on Thursday praised the premier intelligence agencies including Inter-Service Intelligence, Military Intelligence and Federal Bureau of Investigation for providing timely tips about the criminals and terrorists.
President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Thursday strongly condemned the bomb blast in a hotel in Jafferabad Town, Sohbatpur killing innocent people. They expressed condolence over the loss of lives and said the government was c
The new Federal Value Added Tax (VAT) Act 2010 has proposed 15 percent VAT on the import and local supply for Defence stores including supply of defence-related equipment to armed forces from July 1, 2010. Talking to a select group of journalists at the P
The Ministry of Food and Agriculture (Minfa) and other stakeholders ie ministries of Textile, Finance and Environment, growers' association of Pakistan, seed companies, and provincial governments of Sindh, Punjab and Balochistan have reached at a consensu
Eyebrows were raised when the Karachi Electric Supply Company (KESC) increased its electricity generating capacity by around 200 megawatts on Thursday, against its routine power generation due to, what sources claim, the presence of President Asif Ali Zar
Ufone and Pepsi concluded the joint campaign 'Badal do Qismat' and announced the winner of the grand prize. Usman Pathan, resident of Sukkur was declared winner of the grand prize 'Mazda RX8' at an event held at Pepsi head office and the key was handed ov
Attorney General Pakistan (AGP) was put on notice for February 8 by a division bench of High Court of Sindh (SHC) here on Thursday while hearing four constitution petitions filed against KESC and Nepra regarding power tariff, privatisation of KESC and inf
President Asif Ali Zardari will initiate the process of distribution of relief pay orders among the affected shopkeepers/traders of December 28, 2009 arson in a simple ceremony to be held at Chief Minister's House here on Friday (today). Initially, he wil
India and Pakistan should resume their dialogue as neither can afford a war, Prime Minister Yousef Raza Gilani said Thursday in an interview to an Indian television channel. Referring to the Mumbai terrorist attack of November 2008, Gilani said: "If we ar
The CSS officers of Commerce and Trade Group have decided to go to the Supreme Court against the consistent injustice being done to them by the Ministry of Commerce while making selection of trade officers for abroad, well informed sources told Busines
The Supreme Court on Thursday termed the report submitted by the Ministry of Defence on the status of missing person as unsatisfactory and vague, giving the government two-week time for tracing their whereabouts. Headed by Justice Javed Iqbal, an apex cou
The second Gender and Microfinance Workshop, with the theme, 'Current Trends, Issues and Concerns in the Sector' ended on January 24, 2010 at Lahore. The workshop was organised by the Pakistan Microfinance Network (PMN) as a follow up to the first worksho
The Punjab government has protested against Indus River System Authority's (IRSA) refusal to release 5,000 cusecs water in the 22,000 cusecs Chashma-Jhelum Link canal from January 28 after a month long closure of canals to irrigate Rabi crops in south Pun
To enhance revenue, Communication Ministry has decided to auction all toll plazas on the motorways through open bidding on February 2. Presently 575km motorways having 30 interchanges are generating revenue of Rs 11.1 million per kilometre whereas, it inc
Police force should rightly be proud of the training standard, which it has received from Army and successfully used in breaking the back of terrorists in Swat and South Waziristan, said Lieutenant General Nadeem Ahmed, Corps Commander, Strike Corps Mangl
The Lahore High Court (LHC) here on Thursday was told that out of a total of 64 bottled and mineral water manufacturing companies in Punjab region only 10 were working under valid licences. Chairman Pakistan Standards and Quality Control Authority (PSQCA)
Iran hanged two men convicted in the wake of the unrest that erupted after last year's disputed election, as a top opposition figure predicted President Mahmoud Ahmadinejad would be ousted before the end of his term. The two men executed at dawn on Thursd
Iran hanged two men convicted in the wake of the unrest that erupted after last year's disputed election, as a top opposition figure predicted President Mahmoud Ahmadinejad would be ousted before the end of his term. The two men executed at dawn on Thursd
Emirates Telecommunications Corp (Etisalat) will postpone a planned 1.8 billion dirham bond issue because it has sufficient cash to fund expansion, its chairman said. "Maybe we will issue the bond at a later stage, but we still haven''''''''t decided when
Emirates Telecommunications Corp (Etisalat) will postpone a planned 1.8 billion dirham bond issue because it has sufficient cash to fund expansion, its chairman said. "Maybe we will issue the bond at a later stage, but we still haven''''t decided when," M
Emirates Telecommunications Corp (Etisalat) will postpone a planned 1.8 billion dirham bond issue because it has sufficient cash to fund expansion, its chairman said. "Maybe we will issue the bond at a later stage, but we still haven''t decided when," Moh
Emirates Telecommunications Corp (Etisalat) will postpone a planned 1.8 billion dirham bond issue because it has sufficient cash to fund expansion, its chairman said. "Maybe we will issue the bond at a later stage, but we still haven't decided when," Moha
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Emirates Telecommunications Corp (Etisalat) will postpone a planned 1.8 billion dirham bond issue because it has sufficient cash to fund expansion, its chairman said. "Maybe we will issue the bond at a later stage, but we still haven't decided when," Moha
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
A bomb rigged to a cycle detonated in Balochistan on Thursday, killing at least four people, police said. Sixteen people were wounded in the blast. "It's simply terrorism as the public was the target," local police chief Fareed Ali Shah said. Shah himself
A bomb rigged to a cycle detonated in Balochistan on Thursday, killing at least four people, police said. Sixteen people were wounded in the blast. "It's simply terrorism as the public was the target," local police chief Fareed Ali Shah said. Shah himself
Provincial Law Minister Rana Sanaullah Khan tabled two bills, 'Punjab Local Government (Amendment) Bill 2010 and 'The Punjab Educational and Vocational Training Authority Bill' which were forwarded to the concerned standing committee by Speaker Rana Muham
German grant and soft loan worth 31.56 million euros will not be utilised for micro finance by the Pakistan Poverty Alleviation Fund (PPAF) under the "Livelihood Support and Promotion of Small Community Infrastructures" project, Business Recorder h
The local high cotton yarn prices are said to have left the Pakistani home-textile exporters perturbed at the recent international Heimtextile show in Germany to seal the business deals with global buyers. The show held in Frankfurt, Germany from January
The Karachi Port handled 103,315 tonnes of cargo including 60,142 tonnes of import cargo; 43,173 tonnes of export cargo and 5,993 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 60,142 tonnes com
South Korea''s President Lee Myung-bak on Thursday joined the political onslaught against bank chiefs saying they should not oppose reforms after the international financial crisis. Lee increased the heat on top bankers, who are campaigning against greate
China's gold output jumped 11.34 percent to a record of 313.98 tonnes in 2009, the China Gold Association said on Thursday, securing the country's position as the world's largest producer of the yellow metal. China has dramatically opened bullion markets
South Korea's President Lee Myung-bak on Thursday joined the political onslaught against bank chiefs saying they should not oppose reforms after the international financial crisis. Lee increased the heat on top bankers, who are campaigning against greater