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Pakistan calls for strengthening UN General Assemly's role in shaping Security Council UNITED NATIONS: Pakistan on Wednesday called for strengthening the role and authority of the General Assembly, the most representative UN organ, in shaping the Security Council, as talks continue on ways to reform the 15-member body."Whether it is regional representation, or equitable geographical distribution, the Council can be made more broadly representative of the general membership by adding electable non-permanent seats which would reflect the interests of all its members -- small, medium-sized and large," Ambassador Masood Khan told a closed session of the Intergovernmental Negotioations on expanding the Security Council to make it more representative and more effective."We need to increase, not decrease, the ratio of non-permanent to permanent members," Khan, who is Pakistan's permanent representative to the UN, told the 193-member group.Full-scale negotiations to restructure the Security Council began in the General Assembly in February 2009 on five key areas -- the categories of membership, the question of ...

Pakistan can produce cost-effective energy from geothermal resources: Expert WASHINGTON: The development of Geothermal energy resources available in all provinces of Pakistan can provide cost -effective energy for the long-term and save billions of dollars spent on import of fossil fuels, a Pakistani energy expert said.Javed Ahmad, Chairman, Energy Foundation-Pakistan, told reporters after making a presentation on the subject at an international conference that foreignl entrepreneurs have shown an interest in investing in the field.He said with investment that will bring technology, geothermal energy ...

British High Commissioner calls on Ishaq Dar ISLAMABAD: British High Commissioner to Pakistan, Philip Barton, called on Federal Minister for Finance Mohammad Ishaq Dar Wednesday and congratulated him on the impressive success of the Pakistan's Euro Bond in the international market.It reflected the confidence of the international investors, which was growing each day in favour of Pakistan because of the prudent economic policies of present government, said the High Commissioner.The Finance Minister said the response of international investors was overwhelming and the ...

LSE looses 99.59 points LAHORE: Lahore Stock Exchange here Wednesday witnessed bearsh trend by losing 99.59 points, as the LSE Index-25 opened with 5490.17 points and closed at 5390.58 points. The market's overall situation also did not correspond to an upward trend as it remained at 1.753 million shares to close against previous turnover of 2.224 million shares, showing a downward slide of 471,000 shares. While, out of the total 99 active scrips 13 moved up, 41 shed values ...

Senate body vows to ensure extension of Poly-Clinic hospital ISLAMABAD: Senate Standing Committee on Cabinet Secretariat Wednesday asked Capital Development Authority (CDA) to follow its directions and take action to ensure extension of Poly-Clinic hospital.The committee meeting was held under the chairperson of Senator Kalsoom Parveen at Parliament House.Senator Kalsoom Parveen said the committee had been working on issue of Poly-Clinic hospital from the 2005.She said related departments and ministries had no objection and questioned why CDA was not interested in the extension of ...

$1 billion investment arranged for wind power project KARACHI: Sindh Government has succeeded in getting another foreign investment of more than one billion US dollar for its first sponsored Wind Power Project at Jhampeer Wind Corridor district, having capacity to generate 650 MW electricity and provide job opportunities to more than 1000 people of the area.The Chief Minister considering it as a positive indicator for foreign investment in the power generation sector, said that the day was not far away when we will ...

Efforts to continue for controlling power theft: Abid ISLAMABAD: State Minister for Water and Power Abid Shair Ali has said that all out efforts are being made to control power theft.He said all available resources were being utilized to streamline the system in the power sector, adding that strict action would be taken against the power pilferers.Talking to a private television channel, he said measures were being made in all the provinces to control the power theft cases.He said action would not be ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
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Imports $3.600 bln
WeeklyApril 14, 2014
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