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Pakistan’s economy enjoying period of optimism: report ISLAMABAD: Visitors to Pakistan are surprised to discover a strong business culture and good roads as the country is mid-table in the World Bank’s ease-of-doing-business rankings, well above India, reports The Economist newspaper. “Those...

Economy to grow 4.1pc in 2014 ISLAMABAD: The year-end update of economic and social survey released on Thursday forecasts Pakistan’s economy to grow by 4.1 per cent in 2014 against current estimates of 3.6pc in 2013. The survey released by the UN Economic and Social Commission for Asia and the...

Ireland "very willing" to tour Pakistan: Cricket Ireland KARACHI: Ireland are willing to tour Pakistan, if they are provided satisfactory safety and security in the country, Cricket Ireland CEO, Warren Deutrom, said. "The Pakistan Cricket Board (PCB) has proven a very strong supporter of...

Tourism in Swat Valley thrives significantly ISLAMABAD: US Ambassador Richard Olson, the Governor of Khyber Pakhtunkhwa (KP) and Federally Administered Tribal Areas (FATA), Shaukat Ullah Khan, joined business owners in Islamabad to celebrate the dramatic economic recovery of Swat Valley...

KARACHI: All-rounder Abdul Razzaq is likely to face disciplinary action from the Pakistan Cricket Board (PCB) due to his outburst against captain Mohammad Hafeez after being dropped from the World Twenty20 semi-final against Sri Lanka. Razzaq created controversy by blaming the captain for his...

Pakistan to clock in 4% growth this year: Hafeez Shaikh WASHINGTON: Pakistan’s Finance Minister Hafeez Shaikh says Pakistan is expected to cap this year with nearly 4% in growth, while the country has to pay $1.4 billion in loan repayments. His speech at the Brookings Institution...

Economy showing signs of modest improvement: SBP KARACHI: The economy is showing signs of modest improvement as preliminary data indicates that the commodity producing sector, especially agriculture, is doing better-than-expected whereas services sector seems well-placed to gain from robust...

Pakistani kinnow enters Dutch mainstream market KARACHI: A successful in-store promotion of Pakistani kinnow was held at Hanos, Amsterdam on March 2, 2012. The display and sale of kinnow was jointly organised by Trade Development Authority of Pakistan and Commercial Wing Embassy of...

ISLAMABAD: A five-member Malaysian delegation led by Special Envoy of the Prime Minister of Malaysia for South Asia on Infrastructure Dato Seri Samy Vellu called on Minister of State/Chairman Board of Investment, Saleem H. Mandviwalla to explore business and investment opportunities in the...

Pak agri products receive healthy response in Germany LAHORE: Agriculture products exhibited Punjab Agriculture Meat Company (PAMCO) at International Green Week in Germany received good response due to high quality. PAMCO Chief Executive Dr. Hamid Jalil told APP on Friday that an MoU was...

Army to recruit 10,000 Baloch youth QUETTA: Chief of Army Staff General Ashfaq Parvez Kayani on Monday said that Pakistan Army will recruit 10,000 Baloch youth by 2012. Speaking at the inauguration ceremony of Sui Military College in Dera Bugti, Kayani said that the army was committed...

Rs36bn agri sector project in the offing FAISALABAD: Punjab Agricultural Minister, Maik Ahmad Ali Aulakh has said that a mega project worth 36 billion by Punjab government is in the cards in a bid to uplifting the agricultural sector and protecting available water resources. He was...

Preferential Trade Agreement to be signed between Pakistan, Turkey LAHORE: The Preferential Trade Agreement (PTA) between Pakistan and Turkey is all set to be signed early next year, said Turkey’s Ambassador to Pakistan Babur Hizlan on Tuesday. Babur said, however, that the list of goods to...

Blast from the past; Cash for nukes attempt that failed ISLAMABAD: General (r) Ziauddin Khawaja, former DG ISI, has disclosed for the first time that North Korea had attempted to bribe him by providing him 0.5 million US dollars in Benazir Bhutto’s last tenure as prime minister, in 1995...

Marble city project revived after five years KARACHI: The process of setting up a modern marble city has finally started as 300 acres of land have been acquired for the purpose which will house more than 200 processing plants, officials say. Sindh Stone Development Company, a joint...

Lowari Tunnel to provide road links with Afghanistan, CAS ISLAMABAD: An important meeting at Ministry of Communication was informed completion of Lowari Tunnel Project to provide durable road links with Afghanistan and Central Asian States (CAS) and hence will strengthen the country’s economy...

FDI in IT sector posts 120% growth in Jul-Oct 2011 KARACHI: Pakistan’s Information and Technology (IT) industry has gained limelight as foreign investors are seeking healthy opportunity to work with local software houses and service providers as shown by the substantial inflow of foreign...

Major gas discovery in Marri-Bugti area ISLAMABAD: A bit of good news for the energy-starved nation — the state-run Oil and Gas Development Company Limited (OGDCL) is reported to have made a major gas discovery in Zin block in Balochistan’s restive Marri-Bugti area that has the potential to...

Resumption of seafood exports to EU MFD to submit HACCP report to EU by Dec 31 Staff Report ISLAMABAD: The Marine Fisheries Department (MFD) in consultation with a United Nations Industrial Development Organisation’s (UNIDO) consultant will be submitting a report on Hazard Analysis...

'Pakistan striving to double food export to UAE' ISLAMABAD: Ambassador to United Arab Emirates Jamil Ahmed Khan on Wednesday said Pakistan is making efforts to double its food export to the UAE by adding value to its products and by establishing brands. Talking to reporters after visiting...