islamabad -  ahmad ahmadani - Despite approval of the federal cabinet to decrease the tariff of agri tube wells, ministry of finance has so far declined to reduce price by Rs2 per unit owing to financial woes of the country.Earlier, the federal cabinet on March 7 had given approval to reduce ...

ISLAMABADCivil society organisations have lodged a strong protest against the controversial approval by former Prime Minister Raja Pervaiz Ashraf to dispose four million cubic feet of timber cut legally and illegally in the district Diamer of Gilgit-Baltistan.They said the approval puts the ...

ISLAMABAD - Prime Minister Raja Pervez Ashraf has directed that the Rules of Business of Pakistan be changed to enable the BOI to attract foreign investment in the country..The PM gave these instructions during a presentation by the BOI at the PM House Friday which was attended by Finance Minister ...

The Federal Cabinet has approved Rs.873 billion development budget for the next financial year 2012-13 out of which Rs.513 billion has been allocated for provincial whereas Rs.360 billion for federal development budget. The National Economic Council (NEC) has already approved the development budget ...

ISLAMABAD - A strange kind of row between two government functionaries — Capital Administration and Development Division (CADD) and ICT Administration — raised its ugly head on Tuesday when the former turning down an approval of the Prime Minister reoccupied a building occupied by ICTA ...

KARACHI – Pfizer Inc. (NYSE:PFE) announced that the US Food and Drug Administration (FDA) has granted approval of the Company’s pneumococcal conjugate vaccine Prevenar 13 (Pneumococcal 13-valent Conjugate Vaccine) as a single dose for use in adults, says a press release. Prevenar 13 is ...

ISLAMABAD - Azad Jammu and Kashmir Council, which met here under the chairmanship of Prime Minister Syed Yousuf Raza Gilani, gave approval to the AJ&K Council budget for the year 2011-12. While addressing the AJ&K Council session Prime Minister Syed Yousuf Raza Gilani reiterated that the government ...

JERUSALEM (Reuters) - A plan to build 1,400 new homes for Jews on Israeli-annexed land in the West Bank could be approved as early as next week by Israels Jerusalem municipality, a city council member said on Sunday. Meir Margalit told Reuters the Jerusalem city planning commission was set to ...

KARACHI - The trade bodies representatives and industrialists have welcomed the bipartisan approval of Kerry-Lugar Pakistan American Enterprise Fund by the US Senates Foreign Relations Committee and termed this move as pragmatic initiative, which would support the local private sector to create ...

LAHORE - In an Extraordinary General Meeting (EOGM) of Pakistan Strategic Allocation Fund (PSAF); a close-end fund of Arif Habib Investments Limited (AHI); held on 8th September 2010, the certificate holders have approved the conversion of the Fund into an Open End fund subject to the approval of ...

LAHORE - The cash-strapped Pakistan Railways has floated a tender to purchase track cranes, which the department in fact does not require, as its approval has not been mentioned in PC I, the sources said. The tender for the purchase of two telescopic boom cranes, having capacity of lifting over 10 ...

REYKJAVIK (AFP) - Ratings agency Moodys improved its outlook on Icelands debt from negative to stable on Friday, after the IMF approved a much-contested 160-million-dollar loan to the country, ending months of political bickering. The change of outlook was driven by the improvement in Icelands ...

KARACHI - Contrary to the expectations of Ministry of Finance, the Parliament is expected to delay the approval of Banking Companies Ordinance (BCO) and Anti-Money Laundering Bill (AML) by January 2010, sources told The Nation on Thursday. Sources said the national legislature seems reluctant to ...

KARACHI - Market participants celebrated the approval of relaunching of deliverable future contracts on Thursday as the local bourse added 61 points to close at 7,863 points. Moreover, investors remained optimistic throughout the session for significant rate cut in the monetary policy review this ...

LAHORE - The Central Development Working Party (CDWP) of the Planning Commission has recommended Diamer Bhasha Dam Project for approval to the ECNEC. Diamer Bhasha Dam is the largest project ever constructed in the country. After commissioning of Tarbela Dam in 1976, no large water storage project ...

KARACHI - Board of Directors (BoD) of the Karachi Stock Exchange has forwarded the proposal for deliverable futures to SECP for approval. According to a market source, it is expected that SECP will approve the case of deliverable futures and it will be made available on 27 July. Moreover, ...

LAHORE - The State Bank of Pakistan (SBP) has granted Jahangir Siddiqui and Company Limited (JSCL) the approval for conducting due diligence of Royal Bank of Scotland (RBS) Pakistan. According to a notice issued at the Karachi Stock Exchange (KSE) on Wednesday, Jahangir Siddiqui and Company ...

The Spokesman of Tehrik Nifaz Shariat-e-Muhammadi (TNSM) Amir Izzat Khan has welcomed the passing of Nizam-e-Adl Regulation 2009 by the National Assembly. Terming the NAs decision as Islam and Pakistan friendly, he thanked all the members of the National Assembly for their support in approving the ...

KARACHI - Approval of World Bank's grant of $500 million interest free loan boosted the Karachi Stock Exchange as the KSE-100 Index gained 195 points on Friday. Heavy buying activity witnessed in the market as investors took positions especially in blue chip companies in oversold zone. The KSE-100 ...

A former head of Israel's intelligence agency Mossad on Sunday warned that Israel has 12 months to destroy Iran's nuclear programme or risk coming under nuclear attack itself, and also hinted that Israel might have to act sooner if Barack Obama won the US presidential election. Shabtai Shavit, ...

ISLAMABAD - The PC-1 of the Roll Back Malaria Programme is Likely to be presented for approval in the by-annual meeting of the Executive Committee of National Economic Council, which is expected to take place on July 1. Earlier, in May the Central Development Working Party had already endorsed ...

LAHORE - NetSol Technologies Inc. (NetSol) announced it has received approval to become dual-listed for trading on the Dubai International Financial Exchange (DIFX). Pending finalization with the DIFX, NetSol will commence trading on the DIFX under the symbol NTWK, complementing the Company's ...

KARACHI - Competition Commission of Pakistan on Tuesday approved Malaysia's Maybank for investment in MCB Bank up to 20 per cent of shares. It may be recalled that on May 5th 2008, MCB had announced that Maybank has entered into an agreement (with shareholders of MCB) to invest/acquire 20 ...

WASHINGTON: - The Bush Administration on Wednesday called for congressional support for its wide-ranging aid plan for Pakistan in 2009 aimed at making it a stable, moderate and democratic country. "We've worked closely with Pakistan and are focusing our ...