LAHORE - A group of 10 female Pakistani hockey players and two female coaches will leave for Washington this week to participate in the US State Department’s Empowering Women and Girls through Sports Initiative Program from June 17-27 which aimed to increase the number of women and girls ...

ISLAMABAD - The Finance Ministry has issued a notification for cancelling the secret funds of sixteen ministries. The notification issued on June 11, 2012 will enable the federal government to save Rs6 billion of the national exchequer. The ministries whose secret funds have been abolished are: ...

SAHIWAL - PML-Z Chief and MNA Mohammad Ijazul Haq claimed that his party will extend all-out support to the government on the issues of national importance. "We will go to any extent for defending national interest as we have already devised our priority that the policy, pertaining to war on terror ...

MULTANThe Punjab Finance Department has released a big chunk of over Rs1 billion to the Tehsil Municipal Administrations (TMAs) of Multan as a share from the provincial finance award. The TMA sources disclosed that the Finance Department, however, deducted over Rs120 million under the heads of ...

LAKKI MARWAT- Local authorities of the Education Department have warned the heads of certain government schools to utilise funds meant for special repair, renovation of playgrounds and purchase of furniture up to June 10 otherwise strict departmental action will be initiated against them.Sources in ...

LONDON  -US singer Beyonce performed a set full of female anthems on Saturday at a London concert to raise funds for women's health, education and justice.The concert, which organizers hoped would reach a billion viewers, was staged by Chime For Change, a charity started by Italian fashion ...

LAHORE -  After breaching the 20,000 mark the equity market closed the week at 21,284, up 3.6 per cent WoW. Investors remained in a buoyant mood with active participation witnessed as average daily volumes remained firm at 439 million share, up 29 per cent WoW. Oil & Gas (up 8.2 per cent ...

KHANEWALDistrict Officer Education (DOE) Shaukat Sherwani said that the government had issued up-gradation grant of Rs400,000 for each of 63 high school in the district He said that fund was being spent on renovation, purchase of new furniture and construction of toilets in schools.He stated this ...

LAHORE  : Chief Executive Officer (CEO) Pakistan Association for Difficulties in Learning (PADIL) Ashba Kamran has demanded allocation of funds for the persons with Learning Disabilities (LDs) in the budget for the fiscal year 2013-14. She said it is an irony that the persons with LDs are ...

ISLAMABAD - Contrary to the direction of the prime minister to immediately release Rs 15 billion to the power sector, the Finance Ministry on Tuesday released only Rs 5 billion to the Ministry of Water and Power for provision of fuel to the thermal power plants to reduce the long-hour electricity ...

      Islamabad Prime Minister Justice (r) Mir Hazar Khan Khoso has directed the Finance Ministry to immediately release Rs22.5 billion to the Water and Power Ministry for provision of fuel to the thermal power plants to overcome the electricity crisis in the country. The direction ...

The Supreme Court of Pakistan on Tuesday ordered a special audit of the expenses incurred on development projects sanctioned by former prime minister Raja Pervez Ashraf using discretionary funds.A three-member bench of the apex court, headed by Chief Justice Iftikhar Muhammad Chaudhry, resumed the ...

LAHORE - Caretaker Federal Minister for Water and Power Dr Musadiq Malik said shortage of funds and mismanagement were responsible for loadshedding.Addressing a joint press conference with Federal Minister for Gas and Petroleum Sohail Wajahat Ali Siddiqui at Wapda House here on Sunday, he said ...

LONDON - INP - Britain's Foreign Office admitted that it has been funding public opinion surveys in the Federally Administered Tribal Areas (FATA), which reveal that US drone attacks are causing resentment among the locals, UK newspaper The Guardian reported. Foreign Minister Alistair Burt ...

ISLAMABAD - The government has planned to keep Public Sector Development Programme (PSDP) at Rs 450 billion for the upcoming financial year 2013-14 that would be 25 percent higher than the allocation of the outgoing fiscal year 2012-13.Sources said that Adviser to Prime Minister on Finance and ...

islamabad -The Intelligence Bureau (IB) director general has denied a news item before the Supreme Court that the department had given Rs 3 million to a journalist during the PML-N regime in 1998-99.The IB chief, denying the news story that Rs 400 million secret fund of the department had been used ...

NEW YORK : The net long money held by hedge funds and other big speculators in commodities is back to a six-week high, moving on from April's market tumble, as traders piled into oil and oversold crops like coffee, cocoa and corn. But hedge funds are not bullish on all commodities, sharply paring ...

KARACHI (PR): Adamjee Life debt and equity fund performance during April saw a positive trend; per unit NAVs (as of Apr 30th, 2013) are as follows:Investment Secure Fund           Bid 120.4978;    Offer 126.8398Investment Multiplier ...

ISLAMABAD - The Supreme Court on Tuesday questioned the discretionary power of former prime minister regarding distribution of billions of People’s Works Development Programme-II funds among parliamentarians and others.A three-member bench, headed by Chief Justice Iftikhar Muhammad Chaudhry, ...

LAHORE - The Government College University (GCU) has announced establishing a state-of-the-art modern medical college with hefty donations from a group of eminent Old Ravians led by noted businessman and GCU Endowment Fund Trust (GCU EFT) President Iqbal Z Ahmad. The announcement was made by GCU VC ...

islamabad - Caretaker Minister for Water and Power Dr Mussadaq Malik has said that energy crisis in Pakistan is the result of a faulty business model, increasing demand-supply gap, and losses within transmission and distribution system. He was speaking at a consultative meeting on ...

Islamabad - President Zardari urged the federal government to consider providing sustained financial assistance to Allama Iqbal Open University (AIOU) for implementation of its "Open Schooling System" initiative that will ensure provision of Primary to Middle level basic education to the people ...

ISLAMABAD - The Supreme Court on Tuesday stopped the caretaker government to release development funds during its tenure because it may influence the election process.The bench observed that elected representatives should only disburse development fund, therefore, the caretaker government should ...

Despite the passage of over one year since the inauguration of Liver transplant unit at Shaikh Zayed Hospital (SZH) funds have not been released so far to run this unit smoothly.This was stated by Professor of liver transplantation, Liver transplant unit of Kidney centre of Shaikh Zayed Hospital ...

LAHORE – Former Punjab chief minister Muhammad Shahbaz Sharif has said that the rivals of the PML-N are spending the secret funds, granted by the last government of the PPP, on maligning the PML-N and to carry out character assassination of its leaders.Talking to the media team of his party ...

ISLAMAAD - Employees Old-Age Benefits Institution (EOBI) is ready to invest its funds in electricity generation projects to enhance its revenues and help ease the energy crisis in the country.EOBI chairman Zaffar Iqbal Gondal made these remarks while addressing business community at Islamabad ...

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry has remarked legislating, not obtaining funds is job of elected representatives.CJP gave these remarks while presiding over a 3-member bench of Supreme Court (SC) during the course of hearing of Balochistan unrest case here Wednesday.Aman ...

LONDON - Gold edged lower on Monday, after rising by nearly 2 percent in the previous session, as funds were seen cutting bullion holdings for better investment yields in riskier assets such as equities.Spot gold dropped 0.4 percent to $1,575.26 an ounce by 1406 GMT. On price charts the metal ...

GENEVA  - The number of Syrian refugees in Jordan is expected to triple to 1.2 million by the end of the year, the UN said Friday, lamenting a dire lack of funding for aid operations in the country.The UN estimates that around 385,500 Syrians have already sought refuge in Jordan, including ...

LAHORE - Environment department is facing shortage of funds but doing its best to save environment and to provide healthy atmosphere to citizens.This was stated by Sher Alam Mehsud, Secretary Environment, during his visit to Federation of Pakistan Chambers of Commerce and Industry Regional Office. ...