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Power generation projects of up to 50MW: Ministry preparing summary to seek permission from cabinet * Prime Minister Yousaf Raza Gilani allowed provinces to begin power generation projects after federal cabinet’s approval ISLAMABAD: Following the directives of the prime minister, the...

KSE rises above 7,700 points to hit three-month high Friday, July 17, 2009 KARACHI: The local equity market witnessed a bullish trend on Thursday on the back of selective buying. The gradually rising Karachi bourse successfully breached through 7,700 points level on Thursday to stand at...

Thread merged.

God bless his soul. :cry:

Pakistan in tree planting record A team of volunteers in Pakistan has set a new world record by planting more than half a million trees in one day. Guinness World Records confirmed that 541,176 trees had been planted in the southern province of Sindh on 15 July. Some 300 volunteers...

India and Pakistan Agree to Fight Terror Together Khaled Desouki/Agence France-Presse — Getty Images Yousaf Raza Gilani, Pakistan's prime minister, met with Manmohan Singh, his Indian counterpart, in Egypt on Thursday on the sidelines of the Non-Aligned Movement summit meeting in Sharm...

Pakistan's current account deficit narrows in 2008/09 KARACHI, July 16 - Pakistan's current account swung back into deficit in June, but the overall deficit for the 2008/09 fiscal year narrowed by over a third compared with a year earlier, the central bank said on Thursday. The current...

Friendship with USA proves injurious and costly Tuesday July 14, 2009 During the Cold War, Pakistan stood aside USA as its most allied ally while India stood in the opposite camp with Soviet Union and opposed American policies. When the time came to reward Pakistan for its consistent...

Inflation during 2008-09 EDITORIAL (July 14 2009): The year 2008-09 was a frustrating period for the people of Pakistan, so far as the rate of inflation was concerned. The average Consumer Price Index (CPI), the most commonly used measure of inflation in the country, was up by 20.77 percent...

Export target not met EDITORIAL (July 15 2009): The government has been unable to meet the revised export target of 19.2 billion dollars for the fiscal year 2008-09, according to statistics released by the Federal Bureau of Statistics (FBS). The shortfall in exports is about 1.419 billion...

Capacity building: Pakistan to learn from Malaysian model KUALA LUMPUR (July 16 2009): Pakistan can learn from Malaysian experiences in capacity building in the fields of industrial and manufacturing sectors. This was stated by Javad Malik, Chief Executive, National Productivity...

FDI likely to continue downward slide KARACHI (July 16 2009): The slash of foreign investment to virtually half in FY09 verses last year is primarily attributed to a slowdown in privatisation proceeds and high concentration of investment in saturating telecom sector. What's worrisome is...

EPA approves $1.58 billion KCR project study KARACHI (July 16 2009): The Environmental Protection Agency (EPA) has approved the Environmental Impact Assessment Study (EIAS) for $1.58 billion Karachi Circular Railway (KCR) project. Moreover, the Karachi Urban Transport Corporation (KUTC) is...

EPA approves $1.58 billion KCR project study KARACHI (July 16 2009): The Environmental Protection Agency (EPA) has approved the Environmental Impact Assessment Study (EIAS) for $1.58 billion Karachi Circular Railway (KCR) project. Moreover, the Karachi Urban Transport Corporation (KUTC) is...

Accelerating Economic Transformation Programme: Zero electricity subsidy by Sept 2009 envisaged ISLAMABAD: The Accelerating Economic Transformation Programme has recommended the government to bring electricity subsidy to zero by 30 September 2009, and elimination of distortions in food and...

Pak textiles relocating to Bangladesh Industrialists lured by duty free access to EU, 40pc cheaper electricity in BD Thursday, July 16, 2009 KARACHI: A number of Pakistani textile houses are relocating their businesses to Bangladesh due to continuous hardship here, The News learnt on...

China forex reserves hit record $2.13 trillion: central bank :china: * Says reserves, already the world’s largest, grew by $185.6bn in first 6 months of 2009, a rise of 17.8% year-on-year BEIJING: China’s foreign exchange reserves surged to a record $2.13 trillion at the end of June, the...

President for utilising expertise of overseas Pakistanis Thursday, July 16, 2009 ISLAMABAD: President Asif Ali Zardari on Wednesday called for a credible and transparent mechanism to facilitate highly qualified overseas Pakistanis for access to job opportunities internationally and to...

Rs10.35bn approved for FATA ADP Thursday, July 16, 2009 PESHAWAR: A high-level meeting on Wednesday approved Rs10.350 billion for Annual Development Programme 2009-10 of the Federally Administered Tribal Areas (FATA). NWFP Governor Owais Ahmed Ghani presided over the meeting and...

Sri Lanka cancels $200m China, Pakistan weapons purchase * Chief of defence staff says order cancelled due to end of conflict COLOMBO: Sri Lanka has cancelled a $200 million purchase of ammunition from Pakistan and China after the end of its war with the Tamil Tigers, the island nation's...