Amid growing disbelief over the calculation methodology, the pace of increase in prices of essential items slowed down to 5.1% in May, the lowest in more than nine years, increasing chances of a cut in the benchmark interest rate in the upcoming monetary policy.
According to data released by...
Countering cold start: Military to adopt new war concept
Pakistan’s military is all set to adopt a “new concept” of war for fighting future conventional threats, specifically pre-empting India’s cold-start military doctrine, revealed security officials.
The new war...
The government is making efforts to calculate the latest estimates of losses borne by Pakistans economy in the last 12 years after becoming an ally of the US in its war against terrorism since 9/11, 2001.
These mind-boggling figures, which are in the process of finalisation, might be...
Iran and Pakistan have signed an agreement for strengthening cooperation at sea and ocean. The agreement was signed by the head of Irans Oceanology Institute Vahid Chegini and his Pakistani counterpart Ali Rashid Tabriz on Monday, IRNA news agency reporetd. Rashid Tabriz and Senior Advisor to...
Pakistan's interim government is engaged in finalizing legal formalities to secure the repatriation of its prisoners languishing for years in jail outside the country. Islamabad is considering to ratify the Council of European Convention on the Transfer of Sentenced Persons which would help the...
After the poor showing of the Pakistan Peoples Party (PPP) in the May 11 parliamentary elections, President Asif Ali Zardari says he will not seek another term in office.
Asif Zardari was elected to the Presidency on September 6, 2008 and his five-year constitutional term expires in September...
Following the abolition of the polio monitoring and coordination cell, the future of the annual aid of $130 million drawn from the Bill Gates Foundation has become increasingly uncertain.
The World Health Organisation (WHO) wrote a letter to the caretaker government a couple of days back and...
A helicopter carrying Iranian President Mahmoud Ahmadinejad was forced to make an emergency landing in a mountainous region north of Tehran on Sunday but no one on board was hurt, the president's website said.
Ahmadinejad had been on his way to a ceremony to inaugurate a road tunnel, the...
Pakistan stocks close higher, rupee steady
Pakistan’s stocks rose over 1 percent to hit another record high closing above 21,800 points driven by gains in large cap stocks such as Pakistan State Oil Co. Ltd. and Muslim Commercial Bank that increased the index to new high. dealer said
Bank...
The Federal Board of Revenue (FBR) on Friday imposed tax on the sale and activation of sim cards while reducing the tax on cell phone import.
In a move that is likely to attract consumers flak, the FBR imposed a sale tax of Rs250 on sale or activation of cell phone sim. The amount will be...
Chief of Army Staff General Ashfaq Parvez Kayani on Friday visited Command and Staff College in Quetta, said an ISPR press release.
Gen Kayani, while addressing the participants of Command and Staff Course, said for meaningful and sustainable progress, a nation has to strike the right balance...
Signals from Nawaz positive: Singh
Indian Prime Minister Manmohan Singh on Friday said signals coming from Nawaz Sharif, chief of Pakistan Muslim League - Nawaz (PML-N), were positive and therefore likely to improve relations between India and Pakistan.
Speaking to reporters in New Delhi...
Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif spoke extensively about the energy crisis in his speech on the occasion of Youm-e-Takbeer being observed in Pakistan.
Nawaz, who was the prime minister when Pakistan first responded to Indias nuclear tests in 1998, focused on the rampant...
Gay romance, Islamic extremism and a soundtrack of classic love songs make for Pakistan's taboo-breaking answer to the hugely successful US television series 'Glee'.
Like its smash hit forerunner, 'Taan' follows the lives and loves of a group of young people who regularly burst into song. But...
Three wars with India averted after nuclear tests: Dr Samar
Pakistan had taken the decision to carry out nuclear tests at a meeting of the Defence Committee of the Cabinet, held two weeks before the devices were actually exploded in Chagai, Balochistan, on May 28, 1998, a senior scientist...