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Pakistan fully capable of defending nuclear assets: FO
Pakistan Thursday once again rejected conjectures about the safety of its nuclear assets and said the weapons were under a strong multi-layered security system which left no possibility of the weapons…
Pakistan, India, US sharing intelligence: report
WASHINGTON: Pakistan and India have started sharing intelligence as part of an unprecedented cooperation effort between the longtime nuclear-armed foes overseen by the United States, US media reported…
Gilani appeals for urgent aid for the displaced
Prime Minister Yousuf Raza Gilani appealed Thursday for urgent aid to relieve the growing crisis posed by the displacement of up to two million people who fled fighting with the Taliban. Addressing representatives…
Iraq suicide attack kills seven militiamen
A suicide bomber killed seven members of an anti-Qaeda militia and wounded four others as they gathered to collect their salaries in Iraq’s tense northern city of Kirkuk on Thursday, officials said…
UN to issue flash appeal for more aid for IDPs
NEW YORK: With the humanitarian crisis resulting from the fighting in Pakistan's Swat region growing, the UN plans to issue on Friday another Flash Appeal for more funds to care for the displaced people…
Pakistan aid bill clears US House hurdle
A US congressional committee Wednesday approved a giant aid package for Pakistan but more political dealing was expected amid controversy over the conditions it imposes on Islamabad.
Oxfam doubles aid for displaced persons
British charity Oxfam said on Wednesday it had doubled its aid to Pakistan as the number of people fleeing their homes surpassed two million.
SC moved on Sharifs’ presidential pardon documents
ISLAMABAD: An application requested the Supreme Court on Wednesday to ask the federal government to produce the document of presidential pardon granted to the Sharif brothers under Article 45 of the Constitution…
Brown wants improve ties between Pak, India
Hoping that there would be better and more secure relationship between India and Pakistan, Prime Minister Gordon Brown has said he expected to play a part in persuading Pakistan to focus more on the terrorist…
US to keep an eye on aid utilization: Hillary
0px">WASHINGTON: The Obama administration would ensure that Pakistan did not divert US assistance into any channel other than what it was meant for, the secretary of state told a Senate sub-committee …
PM Gilani plans APC on Balochistan
Prime Minister Yousuf Raza Gilani on Wednesday said that he was planning to call an all parties conference on Balochistan ‘within days’.
Pakistan's humanitarian crisis to last through December: US
Pakistan's humanitarian crisis could last through December after an army offensive against Taliban militants forced 1.5 million people to flee their homes, a senior US military official said on Wednesday…
Singh appointed new PM; Pakistan ties back in focus
Indian President Pratibha Patil appointed Dr Manmohan Singh for a second term as prime minister on Wednesday and there were instant signs that ties with Pakistan were high on the agenda of the re-elected…
Business & Economy
Iran to provide Gwadar Port 100MW free of cost
Iran has allocated a separate budget for supplying 100 megawatt electricity free of cost to Gwadar Port in Pakistan in order to ease the growing power crisis there.
Iran to provide Gwadar Port 100MW free of cost
Iran has allocated a separate budget for supplying 100 megawatt electricity free of cost to Gwadar Port in Pakistan in order to ease the growing power crisis there.
Growth estimated at 3.3pc for next fiscal year
ISLAMABAD: A plan prepared by the Planning Commission for the 2009-10 fiscal year suggests a growth target of 3.3 per cent. It will be considered by the Annual Planning Coordination Committee at a meeting…
New tax on real estate and services likely
ISLAMABAD: The federal cabinet gave on Wednesday a go-ahead to levy at least two new taxes in the next budget to increase revenue.
Summary for approval of budget announcement date sent to Prime Minister
The Ministry of Finance has sent a summary to the Prime Minister seeking his approval for the announcement of the national budget for the financial year 2009-10 on June 06. "Its upto the Prime Minister…
Budget may not bring good news for stock market
The stock market participants are eagerly waiting for Budget 2009-10 to analyse what sorts of measures are being announced by the PPP-led government. With government eagerly wanting to increase the tax…
Real estate, bourses, services, agriculture sectors to be taxed gradually: five percent job quota in public sector for minorities approved by Cabinet
The Federal Cabinet on Wednesday approved five percent job quota for the minorities and decided to bring new sectors in the tax net in budget 2009-10. Giving details of the Cabinet meeting chaired by …
APCC to consider PC’’s 3.3 percent growth target on May 22
The Planning Commission has proposed an ambitious growth target of 3.3 percent for the next fiscal year, 2009-10, in its annual plan to be considered by the Annual Planning Co-ordination Committee (APCC…
ABC recognised as sole representative body
The government recognises American Business Council of Pakistan as the sole representative body representing the interest of member companies with investments and brand franchise from United States of…
PIE, SSEZ of Mashhad sign agreement
Punjab Industrial Estates (PIE) and Sarakhs Special Economic Zone (SSEZ) of Mashhad have signed an agreement to facilitate businessmen of both the countries for increasing business activity by setting…
Gakkhar Plaza’s carnage: affected businessmen assured of loans write off
Governor State Bank of Pakistan (SBP), Saleem Raza, has assured to get written off the bank loans of businessmen affected by Gakhar Plaza's carnage, to share their grief and loss.
Appointment of new FBR chief welcomed
A former Punjab Minister and ex-president of Multan Chamber of Commerce and Industry, Muhammad Jalaluddin Roomi, has expressed hope that new chairman of Federal Board of Revenue (FBR), Suhail Ahmed, will…
ABC taxation proposals: salary income up to Rs 0.5 million be exempted from tax
The American Business Council of Pakistan (ABC) has recommended that salaried class individuals should be given exemption up to Rs 500,000 in income tax, and the amount earned above this limit should …
Activity at Karachi and Qasim ports
The Karachi Port handled 132,185 tonnes of cargo including 100,691 tonnes of import and 31,494 tonnes of export; 4,724 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday…
EPZ over 46,000 acres to be set up at Gwadar, says Wattoo
Federal Minster for Industries and Production, Manzoor Wattoo said on Wednesday that Gwadar Port has been declared as tax-free zone for 10 years, aimed at boosting exports besides promoting trade and …
Environment minister visits Indus Motor
The Federal Minister for Environment, Hameed Ullah Jan Afridi recently visited Indus Motor Company (IMC). He inspected the manufacturing facilities at the IMC including its Wastewater Treatment Plant. …
Minister unearths illegal Railways land allotment scam
The Minister of State for Pakistan Railways (PR), Fakir Muhammad Jadam Mangrio, has found a scam involving billions of rupees railway land in Hyderabad. Addressing a press briefing at Karachi Cantt Station…
Railways land at Wazir Mansion Station: ministry urged to ask KPT to withdraw court case
Pakistan Railways (PR) has requested the Ports and Shipping Ministry to intervene with Karachi Port Trust (KPT) to withdraw court case filed against PR regarding 63 acres land at Wazir Mansion Station…
EC allocates euro 50 million to Pakistan to solve food crisis
European Commission (EC) allocates Euro50 million (roughly Rs 5.4 billion) to Pakistan to help solve the food crisis in the country. The initiative is part of the recently announced aid package at the…
Sports
PHF pulls up former goalie for seeking US visas
Controversial former Pakistan hockey goalkeeper Mansoor Ahmad is once again in hot water after being suspended as Pakistan Hockey Federation (PHF) academy coordinator for seeking US visas to feature in…
Jadson’s extra-time goal seals Uefa Cup for Shakhtar
ISTANBUL: An extra-time goal from Brazilian midfielder Jadson earned Shakhtar Donetsk a 2-1 victory over Werder Bremen in the Uefa Cup final here on Wednesday to clinch the Ukrainian side’s first…
Players must learn to play final as special game: Bajwa
Pakistan Hockey Federation (PHF) Secretary Asif Bajwa has stressed on the players to learn to play the final as a special match as it requires performance that goes beyond the ordinary.
Technology