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Print - 2010-05-09
Gulf states to scrap steel duty, official says

Gulf states to scrap steel duty, official says

Gulf Arab countries will abolish a 5 percent import duty within one to two months to ease a supply strain that has been mostly felt in Saudi Arabia, an official from a regional Gulf bloc said on Saturday. Finance ministers from the six-nation Gulf Coopera
Published 09 May, 2010 12:00am
Law secretary resigned on health issues, says Awan

Law secretary resigned on health issues, says Awan

Federal Minister Dr Babar Awan for Law & Parliamentary Affairs Saturday said Federal Law Secretary Aaqil Mirza has resigned on account of health issues and there wasn't any pressure of any sort on him. He was talking to media after administering oath to t
Published 09 May, 2010 12:00am
Law secretary resigned on health issues, says Awan

Law secretary resigned on health issues, says Awan

Federal Minister Dr Babar Awan for Law & Parliamentary Affairs Saturday said Federal Law Secretary Aaqil Mirza has resigned on account of health issues and there wasn't any pressure of any sort on him. He was talking to media after administering oath to t
Published 09 May, 2010 12:00am
$12.499 million inflow recorded in share market

$12.499 million inflow recorded in share market

Foreign investors' interest continued in Pakistan's stock market with a net inflow of $12.499 million during the week ended on May 8, 2010. However, the inflow of foreign investors' portfolio investment declined by 10 percent as compared to previous week'
Published 09 May, 2010 12:00am
$12.499 million inflow recorded in share market

$12.499 million inflow recorded in share market

Foreign investors' interest continued in Pakistan's stock market with a net inflow of $12.499 million during the week ended on May 8, 2010. However, the inflow of foreign investors' portfolio investment declined by 10 percent as compared to previous week'
Published 09 May, 2010 12:00am
$12.499 million inflow recorded in share market

$12.499 million inflow recorded in share market

Foreign investors'' interest continued in Pakistan''s stock market with a net inflow of $12.499 million during the week ended on May 8, 2010. However, the inflow of foreign investors'' portfolio investment declined by 10 percent as compared to previous we
Published 09 May, 2010 12:00am
EU works on mechanism to stop Greek crisis spreading

EU works on mechanism to stop Greek crisis spreading

European Union officials were working out the details of a financial support mechanism on Saturday to prevent Greece's debt turmoil spreading to Portugal and Spain, ready for approval by EU finance ministers on Sunday. The leaders of the 16 countries that
Published 09 May, 2010 12:00am
EU works on mechanism to stop Greek crisis spreading

EU works on mechanism to stop Greek crisis spreading

European Union officials were working out the details of a financial support mechanism on Saturday to prevent Greece's debt turmoil spreading to Portugal and Spain, ready for approval by EU finance ministers on Sunday. The leaders of the 16 countries that
Published 09 May, 2010 12:00am
EU works on mechanism to stop Greek crisis spreading

EU works on mechanism to stop Greek crisis spreading

European Union officials were working out the details of a financial support mechanism on Saturday to prevent Greece''s debt turmoil spreading to Portugal and Spain, ready for approval by EU finance ministers on Sunday. The leaders of the 16 countries tha
Published 09 May, 2010 12:00am
US probes mystery stock crash as panic spreads

US probes mystery stock crash as panic spreads

US regulators on Saturday probed a stunning Wall Street crash that dragged the Dow Jones industrials average down almost 1,000 points in mere minutes and sparked panic on markets around the world. As indices in Europe plummeted and US markets swung wildly
Published 09 May, 2010 12:00am
US probes mystery stock crash as panic spreads

US probes mystery stock crash as panic spreads

US regulators on Saturday probed a stunning Wall Street crash that dragged the Dow Jones industrials average down almost 1,000 points in mere minutes and sparked panic on markets around the world. As indices in Europe plummeted and US markets swung wildly
Published 09 May, 2010 12:00am
US probes mystery stock crash as panic spreads

US probes mystery stock crash as panic spreads

US regulators on Saturday probed a stunning Wall Street crash that dragged the Dow Jones industrials average down almost 1,000 points in mere minutes and sparked panic on markets around the world. As indices in Europe plummeted and US markets swung wildly
Published 09 May, 2010 12:00am
ABC suggestions on budget, trade policy

ABC suggestions on budget, trade policy

The American Business Council (ABC), Pakistan has put forward a number of suggestions to the federal government for the forthcoming budget and trade policy which, according to it, would improve investment climate and encourage export-oriented industry. Ac
Published 09 May, 2010 12:00am
ABC suggestions on budget, trade policy

ABC suggestions on budget, trade policy

The American Business Council (ABC), Pakistan has put forward a number of suggestions to the federal government for the forthcoming budget and trade policy which, according to it, would improve investment climate and encourage export-oriented industry. Ac
Published 09 May, 2010 12:00am
ABC suggestions on budget, trade policy

ABC suggestions on budget, trade policy

The American Business Council (ABC), Pakistan has put forward a number of suggestions to the federal government for the forthcoming budget and trade policy which, according to it, would improve investment climate and encourage export-oriented industry. Ac
Published 09 May, 2010 12:00am
ABC suggestions on budget, trade policy

ABC suggestions on budget, trade policy

The American Business Council (ABC), Pakistan has put forward a number of suggestions to the federal government for the forthcoming budget and trade policy which, according to it, would improve investment climate and encourage export-oriented industry. Ac
Published 09 May, 2010 12:00am
Pakistan 108th in world competitiveness ranking

Pakistan 108th in world competitiveness ranking

Pakistan ranks 108th, out of 125 countries, in World Competitiveness Ranking (WCR) 2008. In order to improve productivity and Pakistan's position in WCR, Karachi National Productivity Organisation's (NPO's) office was inaugurated on Saturday.
Published 09 May, 2010 12:00am
Pakistan 108th in world competitiveness ranking

Pakistan 108th in world competitiveness ranking

Pakistan ranks 108th, out of 125 countries, in World Competitiveness Ranking (WCR) 2008. In order to improve productivity and Pakistan's position in WCR, Karachi National Productivity Organisation's (NPO's) office was inaugurated on Saturday.
Published 09 May, 2010 12:00am
Pakistan 108th in world competitiveness ranking

Pakistan 108th in world competitiveness ranking

Pakistan ranks 108th, out of 125 countries, in World Competitiveness Ranking (WCR) 2008. In order to improve productivity and Pakistan''s position in WCR, Karachi National Productivity Organisation''s (NPO''s) office was inaugurated on Saturday.
Published 09 May, 2010 12:00am
US warns Pakistan after New York bomb attempt: New York Times

US warns Pakistan after New York bomb attempt: New York Times

The United States has warned Pakistan it wants urgent action against militants in its tribal regions following last week's failed Times Square car bombing in New York, the New York Times reported on Saturday. Citing US and Pakistani officials.
Published 09 May, 2010 12:00am
US warns Pakistan after New York bomb attempt: New York Times

US warns Pakistan after New York bomb attempt: New York Times

The United States has warned Pakistan it wants urgent action against militants in its tribal regions following last week's failed Times Square car bombing in New York, the New York Times reported on Saturday. Citing US and Pakistani officials.
Published 09 May, 2010 12:00am
Pakistan to probe Faisal's role on US request: Rehman

Pakistan to probe Faisal's role on US request: Rehman

Pakistan has received a formal request from the United States to launch formal investigation regarding Faisal Shehzad, who was detained in the US over Times Square incident in New York. This was stated by Interior Minister Rehman Malik here on Saturday.
Published 09 May, 2010 12:00am
Pakistan to probe Faisal's role on US request: Rehman

Pakistan to probe Faisal's role on US request: Rehman

Pakistan has received a formal request from the United States to launch formal investigation regarding Faisal Shehzad, who was detained in the US over Times Square incident in New York. This was stated by Interior Minister Rehman Malik here on Saturday.
Published 09 May, 2010 12:00am
Family of Faisal knew key militants: report

Family of Faisal knew key militants: report

Times Square car bomb suspect Faisal Shahzad's family knew at least two key militants who were involved in terrorist activities, The Los Angeles Times reported late on Friday. Citing an unnamed US government source, it said the circle of acquaintances inc
Published 09 May, 2010 12:00am
Family of Faisal knew key militants: report

Family of Faisal knew key militants: report

Times Square car bomb suspect Faisal Shahzad's family knew at least two key militants who were involved in terrorist activities, The Los Angeles Times reported late on Friday. Citing an unnamed US government source, it said the circle of acquaintances inc
Published 09 May, 2010 12:00am
Eight percent decline in refineries' July-April output

Eight percent decline in refineries' July-April output

The production of local refineries declined by 8 percent to 6.8 million tons in 10 months of the current fiscal year FY10. The local refineries produced 689,000 tons in April this year, with a decline of 11.6 percent over the same period of last year.
Published 09 May, 2010 12:00am
Eight percent decline in refineries' July-April output

Eight percent decline in refineries' July-April output

The production of local refineries declined by 8 percent to 6.8 million tons in 10 months of the current fiscal year FY10. The local refineries produced 689,000 tons in April this year, with a decline of 11.6 percent over the same period of last year.
Published 09 May, 2010 12:00am
Eight percent decline in refineries'' July-April output

Eight percent decline in refineries'' July-April output

The production of local refineries declined by 8 percent to 6.8 million tons in 10 months of the current fiscal year FY10. The local refineries produced 689,000 tons in April this year, with a decline of 11.6 percent over the same period of last year.
Published 09 May, 2010 12:00am
PLO approves indirect peace talks with Israel

PLO approves indirect peace talks with Israel

Palestinian leader Mahmud Abbas secured the approval Saturday of the Palestine Liberation Organisation for indirect peace talks with Israel, despite opposition from several factions. Fatah deputy secretary general Jibril Rajub said the decision was taken
Published 09 May, 2010 12:00am
PLO approves indirect peace talks with Israel

PLO approves indirect peace talks with Israel

Palestinian leader Mahmud Abbas secured the approval Saturday of the Palestine Liberation Organisation for indirect peace talks with Israel, despite opposition from several factions. Fatah deputy secretary general Jibril Rajub said the decision was taken
Published 09 May, 2010 12:00am
China offers duty-free access to 5,000 Bangladeshi products

China offers duty-free access to 5,000 Bangladeshi products

China has offered duty-free access to some 5,000 Bangladeshi products as a goodwill gesture in a significant development in economic ties between the two countries after Prime Minister Sheikh Hasina's Beijing visit in March this year, a senior Minister sa
Published 09 May, 2010 12:00am
China offers duty-free access to 5,000 Bangladeshi products

China offers duty-free access to 5,000 Bangladeshi products

China has offered duty-free access to some 5,000 Bangladeshi products as a goodwill gesture in a significant development in economic ties between the two countries after Prime Minister Sheikh Hasina's Beijing visit in March this year, a senior Minister sa
Published 09 May, 2010 12:00am
China offers duty-free access to 5,000 Bangladeshi products

China offers duty-free access to 5,000 Bangladeshi products

China has offered duty-free access to some 5,000 Bangladeshi products as a goodwill gesture in a significant development in economic ties between the two countries after Prime Minister Sheikh Hasina''s Beijing visit in March this year, a senior Minister s
Published 09 May, 2010 12:00am
Iceland volcano ash hits European flights again

Iceland volcano ash hits European flights again

European air traffic faced growing disruption on Saturday as an ash cloud from an Iceland volcano threatened to close airports as far east as Spain's Barcelona or Marseille in France, controllers warned. "During the day, the area affected by volcanic ash
Published 09 May, 2010 12:00am
Iceland volcano ash hits European flights again

Iceland volcano ash hits European flights again

European air traffic faced growing disruption on Saturday as an ash cloud from an Iceland volcano threatened to close airports as far east as Spain's Barcelona or Marseille in France, controllers warned. "During the day, the area affected by volcanic ash
Published 09 May, 2010 12:00am
Iceland volcano ash hits European flights again

Iceland volcano ash hits European flights again

European air traffic faced growing disruption on Saturday as an ash cloud from an Iceland volcano threatened to close airports as far east as Spain''s Barcelona or Marseille in France, controllers warned. "During the day, the area affected by volcanic ash
Published 09 May, 2010 12:00am
Bid to import 'RBD Palm Olein' as 'soap stock' foiled

Bid to import 'RBD Palm Olein' as 'soap stock' foiled

The Directorate-General of Intelligence and Investigation (DGI&I), FBR, Karachi, has foiled a bid to import a huge consignment of 'RBD Palm Olein', under the guise of soap stock, from Malaysia. Sources told Business Recorder on Saturday that credib
Published 09 May, 2010 12:00am
Bid to import 'RBD Palm Olein' as 'soap stock' foiled

Bid to import 'RBD Palm Olein' as 'soap stock' foiled

The Directorate-General of Intelligence and Investigation (DGI&I), FBR, Karachi, has foiled a bid to import a huge consignment of 'RBD Palm Olein', under the guise of soap stock, from Malaysia. Sources told Business Recorder on Saturday that credib
Published 09 May, 2010 12:00am
Bid to import ''RBD Palm Olein'' as ''soap stock'' foiled

Bid to import ''RBD Palm Olein'' as ''soap stock'' foiled

The Directorate-General of Intelligence and Investigation (DGI&I), FBR, Karachi, has foiled a bid to import a huge consignment of ''RBD Palm Olein'', under the guise of soap stock, from Malaysia. Sources told Business Recorder on Saturday that cred
Published 09 May, 2010 12:00am
Xe-Services relocates to capital suburbs, Khyber-Pakhtunkhwa

Xe-Services relocates to capital suburbs, Khyber-Pakhtunkhwa

The Xe-Services (the renamed infamous Blackwater Worldwide) is no longer engaged in confrontational activities with the police and the general public after public outrage against its attitude and has relocated either to suburbs of Islamabad in Sihala Poli
Published 09 May, 2010 12:00am
Xe-Services relocates to capital suburbs, Khyber-Pakhtunkhwa

Xe-Services relocates to capital suburbs, Khyber-Pakhtunkhwa

The Xe-Services (the renamed infamous Blackwater Worldwide) is no longer engaged in confrontational activities with the police and the general public after public outrage against its attitude and has relocated either to suburbs of Islamabad in Sihala Poli
Published 09 May, 2010 12:00am
Harrods of London sold to Qatar investor

Harrods of London sold to Qatar investor

Egyptian-born businessman Mohammed Al Fayed has sold prestigious London department store Harrods to the investment vehicle of the Qatar royal family in a deal reported to be worth around 1.5 billion pounds ($2.3 billion). A spokesman for Lazard, which adv
Published 09 May, 2010 12:00am
Harrods of London sold to Qatar investor

Harrods of London sold to Qatar investor

Egyptian-born businessman Mohammed Al Fayed has sold prestigious London department store Harrods to the investment vehicle of the Qatar royal family in a deal reported to be worth around 1.5 billion pounds ($2.3 billion). A spokesman for Lazard, which adv
Published 09 May, 2010 12:00am
Harrods of London sold to Qatar investor

Harrods of London sold to Qatar investor

Egyptian-born businessman Mohammed Al Fayed has sold prestigious London department store Harrods to the investment vehicle of the Qatar royal family in a deal reported to be worth around 1.5 billion pounds ($2.3 billion). A spokesman for Lazard, which adv
Published 09 May, 2010 12:00am
Taliban threaten new attacks in Afghanistan

Taliban threaten new attacks in Afghanistan

The Taliban threatened on Saturday to launch a fresh offensive across Afghanistan this coming week, as President Hamid Karzai said international forces have yet to secure large parts of the country. The Taliban said the offensive starting Monday will incl
Published 09 May, 2010 12:00am
Taliban threaten new attacks in Afghanistan

Taliban threaten new attacks in Afghanistan

The Taliban threatened on Saturday to launch a fresh offensive across Afghanistan this coming week, as President Hamid Karzai said international forces have yet to secure large parts of the country. The Taliban said the offensive starting Monday will incl
Published 09 May, 2010 12:00am
Gulf states to scrap steel duty, official says

Gulf states to scrap steel duty, official says

Gulf Arab countries will abolish a 5 percent import duty within one to two months to ease a supply strain that has been mostly felt in Saudi Arabia, an official from a regional Gulf bloc said on Saturday. Finance ministers from the six-nation Gulf Coopera
Published 09 May, 2010 12:00am
Gulf states to scrap steel duty, official says

Gulf states to scrap steel duty, official says

Gulf Arab countries will abolish a 5 percent import duty within one to two months to ease a supply strain that has been mostly felt in Saudi Arabia, an official from a regional Gulf bloc said on Saturday. Finance ministers from the six-nation Gulf Coopera
Published 09 May, 2010 12:00am
Power looms workers slam industry's crises

Power looms workers slam industry's crises

A motorcycle rally was taken out by the workers of power looms from Manzoor Abad Chowk to Multan Press Club against the on-going crisis of power looms industry, here on Saturday. The rally was organised by Power Looms Association and led by its Secretary
Published 09 May, 2010 12:00am
Costa Rica's first female president takes office

Costa Rica's first female president takes office

Laura Chinchilla became Costa Rica's first female president Saturday, taking the oath of office in an open-air public ceremony with thousands of supporters cheering her on. The new president swore to uphold Costa Rica's constitution and accepted the presi
Published 09 May, 2010 12:00am
Pervaiz gets 'Muhafiz-e-Lahore' award

Pervaiz gets 'Muhafiz-e-Lahore' award

The Regional Standing Committee of FPCCI's on Law & Order here on Saturday conferred 'Muhafiz-e-Lahore' award to CCPO Lahore, Mohammad Pervaiz Rathore in recognition of his services for security of people. A meeting of the Regional Standing Committee of F
Published 09 May, 2010 12:00am
Petition filed against levy of luxury tax in Supreme Court

Petition filed against levy of luxury tax in Supreme Court

A constitutional petition has been filed before the Supreme Court again challenging levy of "Luxury Tax" on imported vehicles, after removing objections raised by registrar office of the apex court. The petition was filed by Dada Enterprises (pvt) Limited
Published 09 May, 2010 12:00am
PML-Q flays government for anti-people policies

PML-Q flays government for anti-people policies

Pakistan Muslim League-Q senior leader and former Punjab Chief Minister Chaudhry Pervaiz Elahi Saturday said Punjab government has failed in providing protection to the minorities. He was talking to delegations of Muttahida Jamiat Ahle Hadith Pakistan and
Published 09 May, 2010 12:00am
PEF announces QAT result for EVS

PEF announces QAT result for EVS

Punjab Education Foundation (PEF) has announced the result of Quality Assurance Test (QAT) held to select partner schools in Lahore and Kasur for phase-6 of Education Voucher Scheme (EVS). PEF is already providing vouchers to 12000 deserving children of s
Published 09 May, 2010 12:00am
Lahore gets heavy rain in wee hours

Lahore gets heavy rain in wee hours

The provincial capital received heavy rain in the wee hours of Saturday, which provided much needed relief to the people from sizzling heat. According to the Pakistan Meteorological Department Lahore, the city received 4.2 mm of rain, which only lasted fo
Published 09 May, 2010 12:00am
Wasim files application to obtain succession certificate

Wasim files application to obtain succession certificate

Former cricketer Wasim Akram has filed an application in a local civil court to obtain "succession certificate" to use moveable assets of his deceased wife, Huma Wasim. The cricketer also filed a "declaration suit" to get his wife's immovable assets trans
Published 09 May, 2010 12:00am
Puzzled, but still hopeful

Puzzled, but still hopeful

There is no doubt that Pakistan cricket team is the most compelling one, but it is struggling to find direction. It has been unpredictable and extraordinary when it plays as "a unit" because its players have the potential and talent to plague any opponent
Published 09 May, 2010 12:00am
Two years of governance

Two years of governance

The last two years of governance were indeed a rough ride for the government. The challenges that it inherited were formidable and intractable that required prophetic vision, unswerving political will, rock solid commitment and honesty of purpose to deal
Published 09 May, 2010 12:00am
Gaza smokers forced to cough up as Hamas seeks cash

Gaza smokers forced to cough up as Hamas seeks cash

Gazans are trapped in their overcrowded strip by an Israeli blockade and are still struggling with the aftermath of war, but their anger today is directed at the Hamas rulers for taxing their smokes. Many see the new tax imposed on cigarettes smuggled fro
Published 09 May, 2010 12:00am
VAT implementation

VAT implementation

VAT or GST in VAT mode is normally implemented either in robust or sustained economies, but fortunately or unfortunately Pakistan is in economic laboratory of the IMF which is in a process of experimenting about the fact that what will going to happen if
Published 09 May, 2010 12:00am
Reviving MMA

Reviving MMA

A meeting of the components of the Muttahida Majlis-i-Amal (MMA) was hosted by JUI-F chief Maulana Fazlur Rehman on Thursday. Of late, Fazlur Rehman has been advocating the revival of a religious alliance, which is presently dysfunctional. Speaking at the
Published 09 May, 2010 12:00am
Financing of SMEs

Financing of SMEs

On Thursday, the 6th of May, 2010, State Bank of Pakistan took yet another step to facilitate the flow of finance to the Small and Medium Enterprises (SMEs). It decided to enhance the scope of its refinance facility for modernisation of SMEs to cover a wi
Published 09 May, 2010 12:00am
Trade laws to be improved in consultation with business community: Fahim

Trade laws to be improved in consultation with business community: Fahim

Federal Minister for Commerce, Makdoom Amin Fahim has said that trade laws will be improved in consultations with business community. Addressing the members of Karachi Chamber of Commerce and Industry (KCCI) here on Friday he said, "Government will move f
Published 09 May, 2010 12:00am
PGJDC organises 'Gem Bazaar' in Quetta

PGJDC organises 'Gem Bazaar' in Quetta

Pakistan Gems and Jewellery Development Company (PGJDC) organised a two-day 'Gem Bazaar' in Quetta at its Gem Exchange at Jamiatrai Road, opposite to Rahat Cinema. The bazaar was inaugurated by Abdul Rehman Mengal, Provincial Minister for Mines & Minerals
Published 09 May, 2010 12:00am
Nato urged to pay Rs 30 billion as compensation for road use

Nato urged to pay Rs 30 billion as compensation for road use

The National Highway Authority (NHA) has urged the North Atlantic Treaty Organisation (Nato) command in Afghanistan to pay Rs 30 billion as compensation for road usage in Pakistan by the Nato containers and tankers, Business Recorder has learnt rel
Published 09 May, 2010 12:00am
PIDE survey shows majority expecting rise in inflation rate

PIDE survey shows majority expecting rise in inflation rate

Majority of people expect higher inflation than the current year target of 9 percent as consumer prices will rise more rapidly in the months to come. However, low interest rate is better for the economy and current government policies are not sufficient t
Published 09 May, 2010 12:00am
Wajih administers oath to KUJ (Dastoor) office-bearers

Wajih administers oath to KUJ (Dastoor) office-bearers

Former Justice Supreme Court Wajihuddin Ahmed has said enforcement of basic labour laws in the country is responsibility of the federal and provincial governments. He was speaking at the oath taking ceremony of newly elected members of Karachi Union of Jo
Published 09 May, 2010 12:00am
Sindh government clarification

Sindh government clarification

The Hyderabad-Mirpurkhas dual carriageway project is the first infrastructure road public-private partnership (PPP) project in Pakistan that would take time to structure and implement it. A spokesman of Sindh Finance Department has clarified the story pub
Published 09 May, 2010 12:00am
No plan to shut PSM: Bijarani

No plan to shut PSM: Bijarani

Rejecting media reports about the closure of Pakistan Steels Mill (PSM) for six months to one year, Federal Minster for Industries and Production Mir Hazar Khan Bijarani on Saturday said the government would soon announce a bailout package for the plant.
Published 09 May, 2010 12:00am
'Provision of modern transport facilities is priority of government'

'Provision of modern transport facilities is priority of government'

Chief Minister Punjab Shahbaz Sharif has said that provision of modern, comfortable and affordable transport facilities to the people and quick and efficient disposal of garbage and waste from cities is the top priority of the government. He said for this
Published 09 May, 2010 12:00am
Supreme Court urged to take notice of rulers' corruption

Supreme Court urged to take notice of rulers' corruption

Jamaat e Islami chief Syed Munawar Hasan, has urged the Supreme Court to take notice of the rulers' massive corruption in the light of the Transparency International's report. Talking to different delegations at Mansoora, on Saturday, he said scandals of
Published 09 May, 2010 12:00am
Food department officials suspended

Food department officials suspended

In charge Waryam Wala Procurement Center (Jhang) Assistant Food Controller (AFC) Nazir Ali Gohar and Food Inspector Sheikh Muhammad Azam have been suspended by the higher authorities of the provincial food department on the charges of procuring wheat in g
Published 09 May, 2010 12:00am
Senator Haseeb's book 'Pakistan Kay Hakim' launched

Senator Haseeb's book 'Pakistan Kay Hakim' launched

Senator Abdul Haseeb Khan has said that government should make policies with the consultation of businessmen because without consultation with the business community and investors it is difficult to make investor-friendly policy. He also said that in the
Published 09 May, 2010 12:00am
Pakistan in process of getting power from Iran: managing director Pepco

Pakistan in process of getting power from Iran: managing director Pepco

Managing Director Pakistan Electric Power Company (Pepco), Tahir Basharat Cheema has said Pakistan is in the process of getting power from Iran but it is difficult to negotiate with Iranian bureaucracy. He further stated that 1100MW of electricity has bee
Published 09 May, 2010 12:00am
SNGPL, SSGC to replace 300km of distribution lines

SNGPL, SSGC to replace 300km of distribution lines

Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) are implementing programmes to reduce gas losses in distribution and both companies are replacing 300 km of distribution lines each year. However, at this rate, it will
Published 09 May, 2010 12:00am
Payment of honoraria to NAB employees clarified

Payment of honoraria to NAB employees clarified

Payment of allowances and honoraria to the NAB employees is not unprecedented as employees of many public sectors or semi-government organisations are being given award money for their recoveries. Pakistan Telecommunication Authority (PTA), the Oil and Ga
Published 09 May, 2010 12:00am
Five Supreme Court benches, Shariat Appellate bench constituted

Five Supreme Court benches, Shariat Appellate bench constituted

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted five benches besides a larger bench and a Shariat Appellate bench for the next week starting from May 10 at the Principal seat Islamabad to hear a number of cases.
Published 09 May, 2010 12:00am
Government planning low cost housing schemes for poor families

Government planning low cost housing schemes for poor families

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the provincial government is planning low-cost housing schemes for poor families in the province. Punjab Land Development Company has also been established for this purpose, he said during a brie
Published 09 May, 2010 12:00am
Prime Minister statement on Hyderabad status falls heavily on MQM

Prime Minister statement on Hyderabad status falls heavily on MQM

A political showdown is looming large afresh between Pakistan People's Party (PPP) and the Muttahida Qaumi Movement (MQM), as the coalition partners both in provincial and federal governments locked horns on Saturday over the changing of administrative st
Published 09 May, 2010 12:00am
Over dozen hurt in clash between two groups

Over dozen hurt in clash between two groups

More than a dozen people including personnel of law enforcement agencies were injured and an equal number of shops were set on fire, when two warring groups came across each other in Korangi on Saturday. The groups of Sindhi and Bengali community had star
Published 09 May, 2010 12:00am
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