ISLAMABAD - Federal Minister for Finance and Revenue Senator Mohammad Ishaq has assured the power production companies of payments of Rs250 billion before the end of current month (June).A delegation of Independent Power Producers (IPPS) led by Abdullah Yousuf called on the minister here on Friday. ...

WASHINGTON :The United States does not foresee taking Cuba off its blacklist of countries accused of supporting terrorism, which also includes Syria, Iran and Sudan, an official has said. "There are no changes in our list of state sponsors of terrorism," State Department spokesman Patrick Ventrell ...

ISLAMABAD - The country’s oil refineries will get additional revenue in third quarter of current finance year due to hike in crude oil price in international market.According to the statistical data, the global crude oil prices (Arab light) stable around $110 per barrel an average of 3pc gain ...

LAHORE - Huge oil import and heavy debt repayments are likely to pose major risk to the balance of payments, setting the figure of Current Account Deficit (CAD) at about $3.5 billion, or 1.5 per cent of GDP in fiscal year 2012-13 as compared to the deficit of $4.6 billion reported in the last ...

LAHORE - Punjab Chief Minister Shahbaz Sharif on Tuesday said the national institutions were deliberately ruined in the dictatorial era, because of which the trust of the people had not been restored in them. “The current system belongs to the rich, whereas no one pays heed to the ...

Former SC Bar president and senior lawyer Asma Jahangir Wednesday said that the judicial commission should establish free and neutral judiciary system in the country instead of crafting a judge’s party. She was addressing to the Lahore High Court Bar Association. She refused to accept that ...

ISLAMABAD - The Federal Board of Revenue (FBR) has collected Rs 1107 billion revenue during the first eight months (July-February) of the ongoing fiscal year 2011-2012 which is 25 percent higher than the collection of last year 2010-2011.Sources told TheNation on Wednesday that according to the ...

ISLAMABAD - The parliamentary committee on commerce has sought complete details from the government on the current status of investigation into the missing containers in transit trade of Afghan commercial goods, and containers used for NATO/ISAF and United States on January 26.According to the ...

LAHORE –  Shahbaz Sharif said here on Tuesday that the democratic process and corrupt rulers are two different things. “Democracy should survive at any cost, as it is the name of public service,” he said while  talking to media persons at Allama Iqbal International ...

ISLAMABAD - Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh Friday reviewed the current status of Anti Money Laundering (AML) regime, pace of progress, implementation of various reforms under the law and capacity building of law enforcement agencies charged with the ...

With protests sweeping the Islamic world, Pakistanis wonder if mass despair and religious ideology could lead to similar scenes in their country, according to a dispatch published in The New York Times Friday. Although Prime Minister Yousaf Raza Gilani has dismissed such a possibility, the ...

Maulana Fazlur Rehman, chief of the Jamiat Ulema-i-Islam-Fazl (JUI-F), on Thursday said the JUI-F did not pose a threat to the PPP-led coalition government, a private TV reported. However, the current government poses a threat to Shariat in Pakistan, he said. Speaking at the National Assembly ...

Applying a tiny electrical current to the brain could make you better at learning maths, according to Oxford University scientists. They found that targeting a part of the brain called the parietal lobe improved the ability of volunteers to solve numerical problems. They hope the discovery could ...

Prime Minister Syed Yousuf Raza Gilani said here Sunday that the losses being caused by seasonal floods are beyond the countrys resources however the government will not leave the flood affected people alone. He said this while talking to the media during his visit to Sukkur Barrage. He said the ...

The former Governor of State Bank of Pakistan Dr. Ishrat Husain has said the current economic difficulties in his country starting from 2007 have arisen due to a variety of internal factors and policy and management lapses. Although, the constraints are formidable, however opportunities do exist ...

KARACHI (Reuters) - Pakistans current account deficit in the first seven months of the 2009/10 fiscal year was a provisional $2.487 billion, the SBP said on Wednesday. This compared with a deficit of $8.056 billion in the same period of the last fiscal year, the State Bank of Pakistan said. The ...

COPENHAGEN (AFP/Reuters) - The UNs top weather expert warned Tuesday the world is in its hottest decade on record as climate negotiators plunged into talks seeking a historic deal on cutting carbon emissions. The developing nations demanded deeper emissions cuts from rich nations, particularly the ...

Prime Minister Syed Yusuf Raza Gilani has stressed the need to follow teachings of Allama Muhammad Iqbal to retrieve the country from various challenges it is facing. The teachings of Iqbal are no doubt the beacon of light for our dear country, in the current circumstances, the Prime Minister said ...

KARACHI - Pakistans current account deficit has contracted by Rs576 million to Rs606 million during the first month of current fiscal year 2009-10. However, current account deficit amounted to $1.1 billion in the same month of last financial year. In percentage the YoY growth in current account ...

THE warming of an Arctic current over the last 30 years has triggered the release of methane, a potent greenhouse gas, from methane hydrate stored in the sediment beneath the seabed. Scientists at the National Oceanography Centre Southampton working in collaboration with researchers from the ...

LAHORE - Commenting on governments decision to bring about changes in the local government system, veteran politician and President PPP (Shaheed Bhutto), Punjab, Dr Mubashir Hasan has said that the Prime Ministers bid to run the state of Pakistan on the pattern of old British system of governance ...

LAHORE - The goal 'Education for All by Year 2015 as an international commitment at Dakar World Education Forum can never be achieved with the present state of literacy in Pakistan, which is dismally low. The successive governments did nothing to improve literacy nor paid heed to achieve the goal ...

KARACHI - Pakistans current account deficits has narrowed by $2.63 billion during first ten months of current financial year (July-April 2008-09). The current account deficit has dropped to $8.54 billion in July-April FY09 as against $11.17 billion of last fiscal. It is to be recalled that the ...

ISLAMABAD - The government is confident to achieve the economic growth between 2.5 to 3 per cent during the ongoing fiscal year 2008-09, despite unfavourable global economic scenario and prevailing security situation coupled with negative growth in large-scale manufacturing (LSM) sector. A report ...

ISLAMABAD- Sustainable Development Policy Institute (SDPI) Friday in a letter suggested that Prime Minister Syed Yousuf Raza Gilani should play his role to defuse the political turmoil in the country by exercising his constitutional powers. The letter urges the PM to regain the confidence of civil ...

National cricket team captain Younis Khan has said that he will accept full responsibility if the Pakistani side loses Test series against Sri Lanka. Addressing a news conference at National Stadium Karachi on Friday, Younis said the outcome of Pak-Sri Lanka Test series would decide the future of ...

KARACHI - State Bank of Pakistan (SBP) Deputy Governor Yaseen Anwar has said that the current global financial crisis signifies the importance of risk management in financial institutions and urged on the commercial banks to follow risk management fundamentals in letter and spirit. Addressing a ...

KARACHI - Pakistan's current account deficit has grown by 2.11 billion dollars during the five months of the current fiscal (Jul-Nov 2008) due to a sharp increase in imports and trade deficit. From July to Nov FY09 the current account deficit has widened to 6.855 billion dollars as against 4.745 ...

Pakistan's current account deficit could be less that the IMF expectations. Addressing a seminar here, IMF Director for South Asia, Masood Ahmad and Senior Advisor, John Carlos D Tata told this. Masood Ahmad said that IMF estimating Pakistan economic growth for the current fiscal year at 3 to 3.5 ...

ISLAMABAD (APP) - The Government has prepared a comprehensive policy framework to manage the current economic crisis with a stabilization programme with adequate safeguards for protecting the poor and most vulnerable with income support, insurance and other mechanisms. "Our first priority is to ...