News Archive: October 15th, 2009

National

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Sardar Yaqoob resigns as prime minister of AJK

Prime Minister of AJK, Sardar Yaqoob Khan announced that he had resigned as prime minister in order to avoid a political controversy in the Legislative Assembly.

US strike on suspected militant hideout in Pakistan

A US drone missile attack on a suspected militant hideout in a remote tribal area in northwest Pakistan early Thursday killed at least four people, security officials said.

Suicide car bomb kills 41, wounds 100 in Pakistan

At least eight people were killed and several others wounded when a car bomb exploded near the Cantt Police Station in the northwestern Pakistani town of Kohat, police officials said.

NRO to be laid before NA on Friday, says Babar

The federal government announced to lay the National Reconciliation Ordinance (NRO) in the National Assembly on Friday (tomorrow).

Business & Economy

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Pakistan may seek $874m more from IMF

Finance Minister Shaukat Tarin has said that Pakistan may have to seek additional $874 million from the IMF in case the grant under the Kerry-Lugar Bill is jeopardised.

Agriculture sector, bourses to be taxed within three years, National Assembly told

Minister of State on Finance Hina Rabbani Khar has said that the government would bring agriculture sector and stock exchanges into the tax net within the next three years under the plan to broaden the…

NFC settles decade old pending issues: Tarin

Minister of Finance Shaukat Tarin said here on Wednesday that the National Finance Commission (NFC) has been able to resolve pending issues like Net Hydel profit for NWFP, Gas Development Surcharge (GDS…

Acceptance of Sindh’s demands on NFC a great achievement: chief minister

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday described the consideration of NFC Award on multi-criteria and recognition of rights of provinces on GST on services by the Federal government as a…

Speakers call for cancellation of debts

The debt of developing countries of the world in 1970 were about $70 billion and has surged to $2800 billion in 2006, increasing 40 times in the last 35 years, seminar on 'Rising Debts of Pakistan and…

Amendment to budget proposals sent to committee

Provincial Law Minister moved the notice of motion in Punjab Assembly here on Wednesday to amend the PA Rules of Procedure 1997 for seeking proposals of the members for the next budget in a session of…

Gilani, Putin vow to boost economic ties

Pakistan and Russia on Wednesday agreed to strengthen their bilateral and economic ties in a bid to give new dimension to their relationship. Prime Minister Syed Yousuf Raza Gilani and his Russian counterpart…

Trade deficit declines by 44.7 percent in first quarter, National Assembly told

Minister for Commerce Makhdoom Amin Fahim has informed the National Assembly here on Wednesday that the trade deficit has declined in the first quarter (July-September) of current fiscal by 44.7 percent…

Turkey asked to consider signing PFT

Pakistan has asked Turkey to consider signing of a Preferential Free Trade (PTA) as the current bilateral trade does not reflect the true potential. This was stated by the Commerce Minister, Makhdoom …

Work should be accelerated on uplift schemes: minister

Senior Provincial Minister, Raja Riaz Ahmed has directed that pace of work should be accelerated on all the developmental schemes and review meeting will be held every month under his chairmanship. He…

Pak-Malaysia JMC meeting next month

Joint ministerial commission meeting of Pakistan and Malaysia will be held in November this year, Consul General of Malaysian in Pakistan, Mohammad Khalid Abdul Razak informed here on Wednesday. Speaking…

Labour, skill profile in Sindh: KCCI conducting survey

The Karachi Chamber of Commerce and Industry (KCCI) is conducting a survey with collaboration of World Bank-TVET Project, Benazir Bhutto Shaheed Youth Development Programme (BBSYDP) and Sindh Technical…

Government urged to declare NWFP as ‘war-hit’ province

Sarhad Chamber of Commerce and Industry (SCCI) here, on Wednesday, reiterated its long standing demand of declaring NWFP as 'War-Affected Province' and urged the federal government to take immediate steps…

Call for steps to put economy back on rails

The LCCI former presidents Wednesday urged the government to take immediate measures to put economy back on the rails that had been facing multiple external and internal challenges for the last few years…

Hearing of identical petitions challenging CCP Ordinance 2007 put off

The Lahore High Court (LHC) adjourned the proceedings till October 20 in some identical petitions challenging the Competent Commission of Pakistan (CCP) Ordinance 2007 when counsel of All Pakistan Manufacturers…

Hearing of cement manufacturers’ petition against CCP adjourned

The writ petitions filed by various cement manufacturers against the action of Competition Commission of Pakistan (CCP) fixed for hearing on Wednesday in the Lahore High Court, Rawalpindi Bench were adjourned…

Rampant corruption at dry ports: MoC, FBR seek detailed report

All the ten Dryports including Multan, Faisalabad, Lahore, Rawalpindi, Peshawar and Quetta have received a letter from Ministry of Commerce (MoC) and FBR to compile detailed reports on the complaint of…

Agriculture sector, bourses to be taxed within three years, National Assembly told

Minister of State on Finance Hina Rabbani Khar has said that the government would bring agriculture sector and stock exchanges into the tax net within the next three years under the plan to broaden the…

NFC settles decade old pending issues: Tarin

Minister of Finance Shaukat Tarin said here on Wednesday that the National Finance Commission (NFC) has been able to resolve pending issues like Net Hydel profit for NWFP, Gas Development Surcharge (GDS…

Acceptance of Sindh’s demands on NFC a great achievement: chief minister

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday described the consideration of NFC Award on multi-criteria and recognition of rights of provinces on GST on services by the Federal government as a…

Speakers call for cancellation of debts

The debt of developing countries of the world in 1970 were about $70 billion and has surged to $2800 billion in 2006, increasing 40 times in the last 35 years, seminar on 'Rising Debts of Pakistan and…

Amendment to budget proposals sent to committee

Provincial Law Minister moved the notice of motion in Punjab Assembly here on Wednesday to amend the PA Rules of Procedure 1997 for seeking proposals of the members for the next budget in a session of…

Gilani, Putin vow to boost economic ties

Pakistan and Russia on Wednesday agreed to strengthen their bilateral and economic ties in a bid to give new dimension to their relationship. Prime Minister Syed Yousuf Raza Gilani and his Russian counterpart…

SCO urged to focus on trans-regional cooperation

Prime Minister Syed Yousuf Raza Gilani on Wednesday urged the Shanghai Co-operation Organisation (SCO) to adopt a shared vision of trans-regional co-operation to achieve peace and development in the region…

Trade deficit declines by 44.7 percent in first quarter, National Assembly told

Minister for Commerce Makhdoom Amin Fahim has informed the National Assembly here on Wednesday that the trade deficit has declined in the first quarter (July-September) of current fiscal by 44.7 percent…

Turkey asked to consider signing PFT

Pakistan has asked Turkey to consider signing of a Preferential Free Trade (PTA) as the current bilateral trade does not reflect the true potential. This was stated by the Commerce Minister, Makhdoom …

Work should be accelerated on uplift schemes: minister

Senior Provincial Minister, Raja Riaz Ahmed has directed that pace of work should be accelerated on all the developmental schemes and review meeting will be held every month under his chairmanship. He…

Pak-Malaysia JMC meeting next month

Joint ministerial commission meeting of Pakistan and Malaysia will be held in November this year, Consul General of Malaysian in Pakistan, Mohammad Khalid Abdul Razak informed here on Wednesday. Speaking…

Labour, skill profile in Sindh: KCCI conducting survey

The Karachi Chamber of Commerce and Industry (KCCI) is conducting a survey with collaboration of World Bank-TVET Project, Benazir Bhutto Shaheed Youth Development Programme (BBSYDP) and Sindh Technical…

Government urged to declare NWFP as ‘war-hit’ province

Sarhad Chamber of Commerce and Industry (SCCI) here, on Wednesday, reiterated its long standing demand of declaring NWFP as 'War-Affected Province' and urged the federal government to take immediate steps…

Call for steps to put economy back on rails

The LCCI former presidents Wednesday urged the government to take immediate measures to put economy back on the rails that had been facing multiple external and internal challenges for the last few years…

Hearing of identical petitions challenging CCP Ordinance 2007 put off

The Lahore High Court (LHC) adjourned the proceedings till October 20 in some identical petitions challenging the Competent Commission of Pakistan (CCP) Ordinance 2007 when counsel of All Pakistan Manufacturers…

Hearing of cement manufacturers’ petition against CCP adjourned

The writ petitions filed by various cement manufacturers against the action of Competition Commission of Pakistan (CCP) fixed for hearing on Wednesday in the Lahore High Court, Rawalpindi Bench were adjourned…

Rampant corruption at dry ports: MoC, FBR seek detailed report

All the ten Dryports including Multan, Faisalabad, Lahore, Rawalpindi, Peshawar and Quetta have received a letter from Ministry of Commerce (MoC) and FBR to compile detailed reports on the complaint of…

Activity at Karachi and Qasim ports

The Karachi Port handled 113,391 tonnes of cargo including 64,566 tonnes import and 48,825 tonnes export cargo including 4,017 empty and loaded containers during last 24 hours ending at 0700 hours on …

PIA to give suitcases as gift to Hajj pilgrims

Pakistan International Airlines (PIA) will provide suitcases as gift to intending Hajj pilgrims. Suitcases would be provided to the Ministry of Religious Affairs for intending pilgrims travelling through…

Sports

More cricketing turmoil

Nothing is set in stone yet but Younis Khan was adamant on Tuesday that he had resigned as captain of the Pakistan cricket team. However, he was later reported as saying that the ball was in the PCB chairman…

POA postpones 31st National Games

The 31st National Games, scheduled to be held at Peshawar next month have been postponed.

Argentina scrape into World Cup finals

Argentina scraped into the World Cup Wednesday with a 1-0 win over Uruguay as Diego Maradona finally celebrated mission accomplished after a stumbling, lacklustre qualifying campaign.

Maradona turns on critics after Argentina qualify

Diego Maradona hit out at critics of his coaching after his Argentina team qualified for the World Cup on Wednesday and said he had issues to discuss with his boss.

Asian game vital for international hockey development: Negre

With hockey on a decline in the Asian region, International Hockey Federation (FIH) President Leandro Negre on Wednesday hinted on a resuscitated effort for the hockey teams of Asia. He also said that…

Premier League: Hadi’s double-strike sinks NBP

Sher Zaman put up a heroic goal keeping effort as Nushki’s Baloch FC held the fast-moving Habib Bank Limited (HBL) to a 0-0 draw at Nushki Stadium, Nushki, while spearhead Abdul Hadi once again …

Agassi sees changing of guard in men’s tennis

Tennis legend Andre Agassi sees Andy Murray, Novak Djokovic and Juan Martin del Potro at the forefront of a changing of the guard in men’s tennis.

Ismail late winner guides KPT to close win

Ismail Baba’s late match-winner gave Karachi Port Trust a 1-0 win over a 10-man KESC in the Pakistan Premier Football League at DHA Stadium on Thursday.

Technology

Intel & Dell to bring innovative products to local market

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Intel Pakistan & Dell Pakistan together conducted a series of road shows with notebooks cloaked in Cherry Red, Alpine White, Pretty Pink, Gecko Green and a whole array of other colour, accessorised with…