Archives of Pakistan

1. Nawaz to address rally in Mingora on May 29

   2012-05-16 18:07:44 GMT : (Pakistan/General News)

   SWAT: The PML(N) Quaid and former Prime Minister Nawaz Sharif would address public rally in Mingora, capital town of Swat district on May 29 next. Addressing a press conference here, central Vice President of PMLN Amir Muqam said, the party's drive could turn into long march if the government does not accept verdict of the Supreme Court in the contempt case. He also criticized the governmen...

2. SECP signs MOU with Moroccan counterpart

   2012-05-16 18:04:32 GMT : (Pakistan/Business & Economy)

   ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and its Moroccan counterpart, Conseil Deontologique des Valeurs Mobilieres (CDVM), have signed an MOU, paving the way for enhanced cooperation and information sharing between them. On the sidelines of the annual meeting of the International Organization of Securities Commissions (IOSCO) in Beijing, Muhammad Ali, the SECP chai...

3. CM, French Ambassador discuss development plan, security situation

   2012-05-16 18:02:33 GMT : (Pakistan/General News)

   PESHAWAR: France Ambassador to Pakistan H.E Philippe Thiebaud called on Chief Minister Khyber Pakhtunkhwa Amir Haider Khan Hoti here at his office on Wednesday and discussed with him matters relating to bilateral relations, mutual interests, development strategy and law and order situation in the province. The CM welcomed the ambassador and thanked French Government for their financial support...

4. ISE-10 stays bearish

   2012-05-16 16:53:16 GMT : (Pakistan/Markets)

   ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Wednesday witnessed bearish trend as the index shed 45.04 points to close at 2814.97 as compared to the previous day's trading. Talking to APP, M. M Hassan said that the news of decline in cement prices led the bearish rally in the local markets. He said that the slow construction activities due to harvesting season of wheat in the country...

5. Turkish PM to visit Pakistan from May 20

   2012-05-16 15:34:59 GMT : (Pakistan/General News)

   ISLAMABAD: Turkish Prime Minister, Recep Tayyip Erdogan will be in Pakistan on May 20, along with a high powered delegation, to further deepen the multifaceted ties between the two countries. During the three-day visit, on the invitation of Prime Minister Syed Yusuf Raza Gilani, Erdogan will also address the joint session of Pakistan's Parliament. The Turkish Prime Minister will be accompan...

6. US delegation arrives to discuss steps for safe delivery of int'l mail

   2012-05-16 15:29:44 GMT : (Pakistan/General News)

   ISLAMABAD: A six-member delegation of American Postal Security Services on Wednesday arrived here to enhance cooperation with Pakistan Post and discuss various steps for safe delivery of international mail to the United States and Europe. The delegation's visit is an outcome of a meeting between the officials of two organizations during Universal Postal Union meeting in Switzerland in March th...

7. Pakistan among most vulnerable countries facing climate risks

   2012-05-16 15:29:09 GMT : (Pakistan/General News)

   ISLAMABAD: Countries in Asia and the Pacific are at the crossroads and must now strike a balance between rising prosperity and rising emissions, said a UNDP Human Development Report launched here on Wednesday. "Asia-Pacific can no longer afford to grow first and clean up later. Their success or failure will have repercussions worldwide," stated the Asia-Pacific Human Development Report 2012. ...

8. Govt plans to celebrate 60th anniversary of Pak-Japan ties: PM

   2012-05-16 15:28:14 GMT : (Pakistan/General News)

   ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani said that on the eve of the 60th anniversary of Pakistan-Japan diplomatic relations, the government is planning exchange visits and cultural programmes. The Prime Minister was talking to Japanese Ambassador Hiroshi Oe who called on him at the Prime Minister House yesterday morning. Gilani said Pakistan and Japan enjoy excellent relations thro...

9. Cement price fell by Rs 10-12 per bag

   2012-05-16 15:09:09 GMT : (Pakistan/Business & Economy)

   ISLAMABAD: The price of cement in the country fell by Rs. 10-12 per bag to Rs. 418-420 per bag. Stock analyst Zaheer Ahmad told APP that the price decline was due to slow down in construction activities as most of the labor force was employed for harvesting wheat which was likely to be completed by end of May. He said that the cement was available in surplus in the industries and the indust...

10. Police arrest 24 accused during last 24 hours

    2012-05-16 08:55:46 GMT : (Pakistan/General News)

    KARACHI: The Karachi police in their drive against criminals, arrested 24 accused from various parts of the metropolis during the last 24 hours. A police statement on Wednesday said that those detained included absconders and proclaimed offenders. It said that five encounters also took place with the police during the period. As many as 14 pistols, two Kalashinkovs, a shot gun and two mo...

11. PTCL offers upgraded "Pakistan Plus Package"

    2012-05-15 19:14:55 GMT : (Pakistan/Industries & Sectors)

    ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) has upgraded its "Pakistan Plus Package", now giving more free minutes, exceptional voice quality and free conference calling facility to its customers. PTCL customers can now avail never-ending on-net 1,100 nationwide free minutes along with conference call facility at minimal charges of Rs.249 per month. With the new Pakista...

12. ISE-10 gains 17 points

    2012-05-15 19:07:13 GMT : (Pakistan/Markets)

    ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Tuesday witnessed bullish trend as the index was up by 17.04 points to close at 2860.01 as compared to the previous day's trading. Talking to APP, Stock Analyst, Zaheer Ahmed said that the bullish rally led by the oil sector caused the positive sentiments in the local stock market. "Besides, the power sector has also supported the rally re...

13. SBP to implement IBAN standard in Pakistan

    2012-05-15 16:17:32 GMT : (Pakistan/Banking & Finance)

    KARACHI: The State Bank of Pakistan (SBP) has decided to implement International Bank Account Number (IBAN) standard in the country with a view to bringing about account code standardization and efficiency in processing of payments for domestic as well as cross border transactions. The IBAN guidelines issued by SBP Tuesday contain details for IBAN generation, validation and implementation time...

14. Pak economy needs reforms to overcome challenges: Morris

    2012-05-15 16:06:26 GMT : (Pakistan/Business & Economy)

    LAHORE: Pakistan's economy requires immediate reforms to overcome challenges because any more delay in initiating much-needed sector-specific reforms would further aggravate the situation. This was the upshot of the presentation given by the USAID Chief Economist Thomas Morris on the state of Pakistan's economy here at Lahore Chamber of Commerce and Industry (LCCI) on Tuesday. LCCI Presiden...

15. PAC seeks report from Cabinet Division on monetization policy

    2012-05-15 16:04:55 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: The Public Accounts Committee on Tuesday asked the Secretary Cabinet Division to submit a report about alleged violation of the governments monetization policy in a fortnight. The PAC met here under the chairmanship of Nadeem Afzal Gondal. Members of the committee Yasmeen Rehman, Noor Alam Khan, Zahid Hamid, Haider Abbas Rizvi, Riaz Hussain Pirzada, Syed Ghulam Mustafa Shah, Hamid Y...

16. ISE-10 gains 17 points

    2012-05-15 16:02:53 GMT : (Pakistan/Markets)

    ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Tuesday witnessed bullish trend as the index was up by 17.04 points to close at 2860.01 as compared to the previous day's trading. Talking to APP, Stock Analyst, Zaheer Ahmed said that the bullish rally led by the oil sector caused the positive sentiments in the local stock market. "Besides, the power sector has also supported the rally re...

17. Attabad Lake's spillway widened through controlled blasting

    2012-05-15 16:02:11 GMT : (Pakistan/General News)

    ISLAMABAD: Frontier Works Organization (FWO) on Tuesday widened the spill way of Attabad Lake through controlled blasting to drain out maximum water. Initially, water outflow was 15,000 cusces which increased to 25,000 cusces but now it has decreased to 20,000 cusecs from the spill-way. The blast which was carried out at about 11:40 am, brought down the water level by approximately 2.5 feet in...

18. Gold witnesses lowest price of 2012

    2012-05-15 13:33:47 GMT : (Pakistan/Markets)

    ISLAMABAD: Gold price dropped to a multi-months low on Tuesday in the local markets owing to its lowered rates in the international market. "Gold price in the international markets has witnessed the lowest price in 2012 of around US $1556 per ounce which affected the prices in local markets as well", President Karachi Saraf Jewellers Association, Haroon Rashid Chand told APP by phone on Tuesda...

19. ICCI for promoting trade with Turkey

    2012-05-15 13:32:35 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: Pakistan and Turkey have immense potential to further promote bilateral relations in all spheres including trade and investment. This was stated by President of Islamabad Chamber of Commerce and Industry (ICCI) Yassar Sakhi Butt in a statement on Tuesday. He returned from a 10-day visit of Turkey, Romania and Czech Republic at the head of a seven-member delegation. During the visit,...

20. Exports to India increase by 2.8pc

    2012-05-15 13:32:00 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: The exports from the country to India witnessed 2.8 percent increase during the first quarter of the ongoing fiscal year (2011-12) as compared to the same period of last year. The overall exports to India were recorded at $73.871 million during July-September (2011-12) as against the exports of $71.825 million during July-September (2010-11), according to data of Commerce Ministry. ...