News Archive: March 13th, 2009

National

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Crackdowns, meetings in full swing amid long march

ISLAMABAD: Police and paramilitary forces in Pakistan extended their crackdown against lawyers and political activists on Friday, banning rallies and arresting scores of lawyers and party workers.

Geo News broadcasts halted in cities around Pakistan

KARACHI: Private TV channel Geo News has been prevented from airing its broadcasts in various cities around the country, according to reports.

Mumbai questionnaire reply sent to Pakistan: India

NEW DELHI: India said on Friday it had answered demands from Pakistan for more details on the militant attacks on Mumbai, and said it was now time for Islamabad to take swift action against the alleged…

Business & Economy

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Pakistans foreign exchange reserves fall to $10.05 billion

Pakistans foreign exchange reserves fell by $90 million to $10.05 billion in the week that ended on March 7, the central bank said on Thursday. The State Bank of Pakistans reserves dropped to $6.61 billion…

New foreign exchange reserves target fixed for June to be achieved: SBP chief

State Bank of Pakistan Governor Saleem Raza said on Thursday that Pakistan would achieve the new target of foreign exchange reserves set by International Monetary Fund (IMF) for June 30. He told the reporters…

Lending to SMEs declines to 12 percent

The banks lending to the Small and Medium Enterprises was declined from 17 percent to 12 percent of the total banks loans in Pakistan, as an amount of Rs 375 billion was sanctioned by the banks and the…

New big industrial zone to be constructed in Mirpur

Azad Jammu Kashmir government is seriously contemplating to kick off a broad-based phased plan to establish a new mega industrial zone over an area of 26,000 kanals of land in Mirpur in the near future…

Need stressed for greater attention on scientific research

Pakistani industry will have to give proper attention to modern and scientific research for making its products compatibles in the international market and earn wider market space round the globe, said…

Crackdown to deteriorate economic situation

The ongoing crackdown against the political activists and unrest will further deteriorate the economic situation in the country thus the government should immediately stop creating harassment. The Business…

Appointment

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appointed Malik Khuda Baksh as chairman of FPCCI standing committee on petroleum products. Malik Khuda Baksh is the chairman of …

MCCI hails SBPs decision

President of Multan Chamber of Commerce & Industry (MCCI) Anis Ahmed Sheikh has hailed the decision of State Bank of Pakistan (SBP) to allow financing for the import of second hand plant and machinery…

Sindh government urged to suspend provincial taxes

Senior Vice President Karachi Chamber of Commerce and Industry (KCCI), Jawed Bilwani has urged the provincial government of Sindh to suspend provincial taxes for at least two years. In a communication…

Only two inspection officials for 1,700 boilers in Sindh

The claims of Sindh governments for the last 20 years about promoting industrialisation and safety measures seems to be hollow as there are only two inspection officials for more than 1700 boilers across…

Activity at Karachi and Qasim ports

The Karachi Port handled 96,344 tonnes of cargo including 49,632 tonnes of import and 46,712 tonnes of export, 3,957 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday…

EUs decision to abolish anti-dumping duty hailed

Chairman, Faisalabad Dry Port Trust, Sheikh Ashfaq Ahmed has hailed the European Union decision to abolish Anti-Dumping Duty on Export of Bed Linen to European Countries and said that after this long-…

Air China to launch direct Chengdu-Karachi flights from March 30

Karachi will be added to Air China international network from Chengdu from March 30. The airline will launch its Beijing-Chengdu-Karachi flight to connect Chengdu with Pakistan, media report said. The…

Efforts underway to improve railways efficiency: National Assembly informed

The National Assembly was informed on Thursday that efforts are underway to improve efficiency of Pakistan Railways and control its operational deficits that have reached to Rs 12.6 billion during the…

Rawalpindi-Islamabad mass transit system: feasibility study on Rs 70 million project to start soon

Work on the feasibility study of Rapid Mass Transit System (RMTS) between Rawalpindi and Islamabad worth Rs 70 million will start within a fortnight, agreement for which is being signed by the Capital…

PFA and MAP sign MoU

The Pakistan Food Association (PFA) and Marketing Association of Pakistan (MAP) have signed a memorandum of understanding (MoU) here. A statement on Thursday said that the direction and vision this MoU…

Sports

Pakistan to resist Philippines Davis Cup request

Pakistan have vowed to resist any attempt to shift their Davis Cup tennis home tie against the Philippines to a neutral venue over security concerns, a top official said Friday.

Pakistan soccer coach wants all new team

George Kottan, Pakistan national football team’s newly-hired foreign coach, wants a new team after having watched the boys play in the Prime Minister’s Cup in Nepal.

Technology

Oracle highlights solutions for communications industry

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Oracle, the leader in the communications industry, highlights the availability of a unique portfolio of solutions for the Pakistani communications industry to rapidly create, market, sell, fulfil, deliver…