News Archive: May 16th, 2009

National

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Taliban got free hand under ANP govt: Musharraf

Former president Pervez Musharraf has expressed the confidence that Pakistan army will prevail over the Taliban who have challenged the writ of the government, but said that ‘winning hearts and …

PM Gilani sacks DG Intelligence Bureau Shoaib Suddle

ISLAMABAD: Prime Minsiter Yousuf Raza Gilani sacked Director-General Intelligence Bureau Shoaib Suddle and replaced him with Javed Noor on Saturday, DawnNews reported.

Bomb blast kills six in Peshawar

PESHAWAR: A bomb blast killed six people in Pakistan’s northwestern city of Peshawar on Saturday, DawnNews reported.

Pakistan allows thousands to flee combat zone

PESHAWAR: The military Saturday pressed its offensive against Taliban militants in the northwest of the country after tens of thousands more people fled the conflict zone.

Rocket ‘from Pakistan’ hits Afghan mosque, killing five

KHOST: Five people died when an Afghan mosque was hit by rockets fired from Pakistan by insurgents targeting a US military camp near the border, police and the US military said Saturday.

Iran to host summit with Afghan, Pakistan leaders

TEHRAN: Iranian President Mahmoud Ahmadinejad will host a summit with his counterparts from Afghanistan and Pakistan in Tehran on May 19, his office said on Saturday.

Business & Economy

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July-April foreign investment down 43 percent

Domestic shocks such as worst law and order situation, negative economic indicators, power shortage and future uncertainty have largely hurt foreign investment, which has posted a sharp decline of over…

July-April foreign investment down 43 percent

Domestic shocks such as worst law and order situation, negative economic indicators, power shortage and future uncertainty have largely hurt foreign investment, which has posted a sharp decline of over…

Pakistan to receive $2.3 billion by June: Tarin

Pakistan will receive $2.3 billion from US and other donors before end of June, Advisor to Prime Minister on Finance Shaukat Tarin told a news conference here on Friday. Giving details of his meetings…

Pakistan to receive $2.3 billion by June: Tarin

Pakistan will receive $2.3 billion from US and other donors before end of June, Advisor to Prime Minister on Finance Shaukat Tarin told a news conference here on Friday. Giving details of his meetings…

Cross-LoC trade touches Rs 38.4 million in two days

Cross-LoC trade got exceptional momentum after it touched an all time high at Rs 38.4 million during two days this week, recording an increase of Rs 6.3 million over previous week, said reports reaching…

Afghan transit trade facility: no mention of Delhi-Kabul route in the agreement

Pakistan has reportedly refused to extend road transit facilities to India for trade with Afghanistan, which was a longstanding demand of New Delhi, having been conveyed to Islamabad through different…

300 million euro economic assistance announced

France on Friday announced a 300 million euro aid in economic assistance and another 12 million Euros for the rehabilitation of Internally Displaced Persons in Pakistan. France also pledged to hammer …

MoC to formulate first three-year trade policy framework: all stakeholders meeting on May 18

The Ministry of Commerce (MoC), for the first time, is formulating a trade policy framework for three years (2009-12) and the trade policy for 2009-10 which would be discussed at the 60th meeting of its…

Cross-LoC trade touches Rs 38.4 million in two days

Cross-LoC trade got exceptional momentum after it touched an all time high at Rs 38.4 million during two days this week, recording an increase of Rs 6.3 million over previous week, said reports reaching…

Afghan transit trade facility: no mention of Delhi-Kabul route in the agreement

Pakistan has reportedly refused to extend road transit facilities to India for trade with Afghanistan, which was a longstanding demand of New Delhi, having been conveyed to Islamabad through different…

300 million euro economic assistance announced

France on Friday announced a 300 million euro aid in economic assistance and another 12 million Euros for the rehabilitation of Internally Displaced Persons in Pakistan. France also pledged to hammer …

Rs 12 million released for uplift plans

A sum of Rs 12 million have been released to complete various uplift schemes in PP-287. MPA Colonel Naveed Iqbal Sajid (Retd) said here on Friday that this amount would be spent on the electrification…

Rs 12 million released for uplift plans

A sum of Rs 12 million have been released to complete various uplift schemes in PP-287. MPA Colonel Naveed Iqbal Sajid (Retd) said here on Friday that this amount would be spent on the electrification…

Smeda, RCCI organise workshop on IPR

Small and Medium Enterprises Development Authority (Smeda) and Rawalpindi Chamber of Commerce and Industry (RCCI) organised a one day training workshop on Intellectual Property Rights (IPR) to educate…

Smeda tasked to prepare economic revival plan for Malakand

The Ministry of Industries has tasked Small & Medium Enterprise Development Authority (Smeda) for preparing Economic Revival Development Plan for the Malakand region. The purpose of the plan would be …

Smeda, RCCI organise workshop on IPR

Small and Medium Enterprises Development Authority (Smeda) and Rawalpindi Chamber of Commerce and Industry (RCCI) organised a one day training workshop on Intellectual Property Rights (IPR) to educate…

Smeda tasked to prepare economic revival plan for Malakand

The Ministry of Industries has tasked Small & Medium Enterprise Development Authority (Smeda) for preparing Economic Revival Development Plan for the Malakand region. The purpose of the plan would be …

Industrial units suffering severe losses from Loadshedding

Industrial units and Power looms have been suffering from losses because of power shutdowns from 8 a m to 3p m for two days. It is learnt that power supply to domestic consumers and factories remain suspended…

Labour secretary withdraws cases against industrialists

Labour Secretary, Government of Sindh, Alam Din Bullo, while visiting Site Association of Industry (SAI), has said that issuance of bailable warrants of industrialists in Site is a sorry affair and he…

July-April foreign investment down 43 percent

Domestic shocks such as worst law and order situation, negative economic indicators, power shortage and future uncertainty have largely hurt foreign investment, which has posted a sharp decline of over…

Pakistan to receive $2.3 billion by June: Tarin

Pakistan will receive $2.3 billion from US and other donors before end of June, Advisor to Prime Minister on Finance Shaukat Tarin told a news conference here on Friday. Giving details of his meetings…

MoC to formulate first three-year trade policy framework: all stakeholders meeting on May 18

The Ministry of Commerce (MoC), for the first time, is formulating a trade policy framework for three years (2009-12) and the trade policy for 2009-10 which would be discussed at the 60th meeting of its…

Cross-LoC trade touches Rs 38.4 million in two days

Cross-LoC trade got exceptional momentum after it touched an all time high at Rs 38.4 million during two days this week, recording an increase of Rs 6.3 million over previous week, said reports reaching…

Afghan transit trade facility: no mention of Delhi-Kabul route in the agreement

Pakistan has reportedly refused to extend road transit facilities to India for trade with Afghanistan, which was a longstanding demand of New Delhi, having been conveyed to Islamabad through different…

300 million euro economic assistance announced

France on Friday announced a 300 million euro aid in economic assistance and another 12 million Euros for the rehabilitation of Internally Displaced Persons in Pakistan. France also pledged to hammer …

Rs 12 million released for uplift plans

A sum of Rs 12 million have been released to complete various uplift schemes in PP-287. MPA Colonel Naveed Iqbal Sajid (Retd) said here on Friday that this amount would be spent on the electrification…

Smeda, RCCI organise workshop on IPR

Small and Medium Enterprises Development Authority (Smeda) and Rawalpindi Chamber of Commerce and Industry (RCCI) organised a one day training workshop on Intellectual Property Rights (IPR) to educate…

Smeda tasked to prepare economic revival plan for Malakand

The Ministry of Industries has tasked Small & Medium Enterprise Development Authority (Smeda) for preparing Economic Revival Development Plan for the Malakand region. The purpose of the plan would be …

Industrial units suffering severe losses from Loadshedding

Industrial units and Power looms have been suffering from losses because of power shutdowns from 8 a m to 3p m for two days. It is learnt that power supply to domestic consumers and factories remain suspended…

Labour secretary withdraws cases against industrialists

Labour Secretary, Government of Sindh, Alam Din Bullo, while visiting Site Association of Industry (SAI), has said that issuance of bailable warrants of industrialists in Site is a sorry affair and he…

Small Industries Estate Northern Bypass: gas line to boost industrialisation, says Rauf

The government is fulfilling its promise of providing power and other essential utilities to industries across Sindh and the gas pipeline to Small Industries Estate Northern Bypass is a solid example …

Properties: FPCCI for developing electronic registry system

Senior Vice Chairman, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Housing and Construction Industry, Munir Sultan has urged the government to develop an electronic…

Farrukh Hussain elected OICCI president

Farrukh Hussain Khan, Chief Executive, BMA Capital Management Limited, has been elected as the President of Overseas Investors Chamber of Commerce and Industry (OICCI) for 2009-2010. This was announced…

M Ahmad appointed chairman FPCCI body

Muhammad Ahmad, Chairman Sarafa & Jewellers Association Lahore Division, President Gold Art Promotion Council, Pakistan and Zonal Chairman All Pakistan Commercial Exporters Association, has been appointed…

Pakistan to attend Asia Chinaplas-2009 fair

A Pakistan businessmen delegation is leaving for China to take part in the largest plastic and rubber trade fair, Asia Chinaplas-2009, to be held from May 18 to 21. Lahore Chamber of Commerce and Industry…

Prime Minister’’s proposal to ratify ECC decisions blocked by Cabinet

The Federal Cabinet is said to have blocked Prime Minister Syed Yousuf Raza Gilani's proposal to ratify Economic Co-ordination Committee's (ECC) decisions. The ECC is now being headed by Prime Minister…

30 percent raise in drug prices demanded

The shareholders of Highnoon Laboratories Limited have demanded of the government to allow at least 30 percent increase in the prices of all the drugs to meet 50 percent decline in profits the Company…

Activity at Karachi and Qasim ports

The Karachi Port handled 91,071 tonnes of cargo including 68,884 tonnes of import and 22,187 tonnes of export, 3,122 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Friday…

Sports

Asia Cup final: South Korea shatters Pakistan’s hopes

0px">KUANTAN: South Korea's defense proved too strong for Pakistan's attacking firepower as they handed the greenshirts a 1-0 defeat in the final of the eight Asia Cup in Kuantan, Malaysia and as a result…

Haseem hits a brace as Pakistan stuns holder India to storm into …

0px">KUANTAN: China grabbed a bronze medal in the 8th Asia Cup Hockey Tournament after 27 years when they beat hosts Malaysia 7-6 in a penalty shoot out at Kuantan Hockey Stadium on Saturday evening.

Wapda grind out goalless draws against Nepal

0px">LAHORE: Goalkeeper Abdul Aziz showed great agility under the bar once again as the eagerly-awaited Group-A clash in 5th AFC President's Cup Qualifier between Pakistan Wapda and host Nepal Police …

Phelps, others seek FINA action on supersuits

Add Michael Phelps to those who are looking to FINA to make some important decisions next week when they consider tighter regulations upon new supersuits that have aided world records.The 23-year-old …

Technology