Islamabad - Hearing the suo moto on severe loadshedding in the country, a three-member bench of Supreme Court on Wednesday proposed that in order to minimise line losses, electricity thefts and ensuring security of electricity installations the control of power sector be given to provinces."Let the ...

Lahore- ThePunjabgovernment has proposed an allocation of Rs44.63 billion for Health sector during the financial year 2013-14 as against Rs35.67 billion in FY 2012-13. In the FY 2013-14, allocation for hospital services has been increased to Rs42.9 billion as against Rs32.8 billion in the outgoing ...

LAHORE: The Punjab government has earmarked a huge sum of Rs20.431 billion for the energy sector, aiming to provide affordable energy to all segments of economy. The last fiscal year’s allocation for the sector was Rs10 billion. Out of total allocation, Rs4.555 billion would be spent on ...

Lahore- In a situation when Balochistan is the target of LEJ and BLA terrorists and the people are in a sate of shock due to the scale of devastation, it is downright pinching to see that other than a statement, the Prime Minister Mian Nawaz Sharif, did not come on TV and face the nation. This ...

KARACHI - Business, Academia and Civil Society supported empowering of women to participate fully in economic life in all sector and levels of economic activity as an essential initiative for establishing a stable and just society in Pakistan as the Seven Principles of Women Empowerment under the ...

ISLAMABAD - Dr Waqar Ajmal, special representative of Bill Gates and Melinda Foundation for Afghanistan and Pakistan, called on Prime Minister Muhammad Nawaz Sharif at the Prime Minister’s Office Tuesday afternoon.Dr Waqar delivered a letter of Bill Gates, congratulating the Prime Minister on ...

Islamabad- Agriculture sector this year too showed a better growth rate though slight lower than the previous year as according to Economic Survey Report 2012-13, agriculture sector exhibited a growth of 3.3 per cent against 3.5 per cent in 2011-12.  As per the report crops grew at 3.2 ...

ISLAMABAD - The World Bank approved on Friday a package of assistance worth $100 million to support the implementation of the Punjab Health Sector Reform Project, which will focus on enhancing the number of people who access quality essential health services, particularly in the low performing ...

LAHORE- It is no secret that inflation has been on the rise in Pakistan for many years. Prices have been galloping upwards with no respite for the common man. Inflation is cannibalising people’s savings as people use up their incomes to meet their day to day expenditures. This is bringing the ...

LAHORE - A delegation of the KfW Development Bank, Germany, headed by Dr Claudia Loy called on Wapda Chairman here on Monday and discussed with him the matters relating to financing of various hydropower projects.The KfW Development Bank is providing 97 million Euros for the construction of 122 ...

LAHORE - Refinery sector profitability has improved substantially from last year due to better gross refinery margins (GRM’s) and other income during the year. During the period under review, crude oil prices witnessed a decline of 2.6 per cent to $109.53/bbl from $112.49/bbl last year. ...

LAHORE - The budget for the year 2013-14 must focus on energy sector as the country’s economic revival hinges on availability of cheaper and uninterrupted power and gas supply. This was the crux of a pre- budget forum on ‘Budget 2013-14: Expectations and Apprehensions’ held at ...

NEW DELHI  -Indian Prime Minister Manmohan Singh pledged on Thursday to crack down on corruption in the defence sector after a string of recent graft scandals left his government facing renewed calls to step down.The premier said he was committed to making the process of buying arms and other ...

LAHORE - The cement sector has reported after tax earnings of Rs 23.16 billion in 9MFY13 which were almost three times higher in comparison of the profits of R 8.56 billion recorded in 9MFY12. The stupendous performance of the cement sector was owing to higher prices, lower coal prices and higher ...

ISLAMABAD - The Water and Power Development Authority (WAPDA) is working on more than 20 projects in water sector with cumulative water storage capacity of about 13 million acre feet (MAF) and power generation of more than 21,000MW. Official source told APP here that completion of these projects ...

LAHORE - The SNGPL based fertilizer plants would invest $100 million for long term development of dedicated lower BTU gas fields that would ensure better gas supply to fertilizer plants to get better production from local plants instead of depending on costly imported urea spending hundreds of ...

Leader of the opposition in Senate, Senator Ishaq Dar met US Ambassador Robin Raphel in his chamber at Parliament house here Wednesday.Both sides discussed bilateral issues and emphasized the need for further enhancing cooperation in various fields. Dar stressed the need for US assistance in ...

islamabad - Islamabad Chamber of Commerce and Industry President Zafar Bakhtawari has said there is a dire need to formulate prudent economic policies with consultation of business community.He said this while talking to Tahir Iqbal Chaudhary, newly elected member National Assembly from District ...

LAHORE - (OUR STAFF REPORTER) - The SNGPL management is planning to provide four days a week gas supply to CNG sector of Punjab.The gas outlets of the province are observing four day a week gas load management plant for past two months. “The gap between demand and supply is shrinking and we ...

LAHORE - Fertilizer sector has invested $2.3 billion in last 4 years making Pakistan self-sufficient in urea production and earned huge profit despite gas supply suspension for a long time.Industry circles said that with consistent gas supply to urea plants, the new government of the PML-N can ...

LAHORE - The Pakistan Sugar Mills Association has appreciated the PML-N chief Mian Nawaz Sharif over his overwhelming victory in the elections 2013 in centre as well as in Punjab, hoping the new government will work for increasing exports particularly of sugar, which has great potential in the ...

The public sector, largely led by the ministry of health, is entrusted with the responsibility of safe provision of medical services to the poor patients. It is also responsible for framing health policies at the national level. Each of the four provinces of Pakistan has its respective health ...

The public sector, largely led by the ministry of health, is entrusted with the responsibility of safe provision of medical services to the poor patients. It is also responsible for framing health policies at the national level. Each of the four provinces of Pakistan has its respective health ...

lahore - Fertilizer sector starts CY13 with bumper surge in the profitability in comparison with the corresponding period last year. This took place due to better availability of gas for ENGRO along with the efficiency from diversion of gas to EnVen. Besides, less curtailment on SSGC network for ...

LAHORE : The SECP, Company Registration Office (CRO) Faisalabad held a seminar on “Mandatory Online Filing of Statutory Returns” in collaboration with Faisalabad Chamber of Commerce & Industry (FCCI). In-charge CRO Faisalabad, Mahboob Ahmad (Joint Registrar), informed the ...

islamabad - Caretaker water & power minister Musadiq Malik on Thursday said that though power sector is facing annual loss of Rs75 billion on account of oil theft and irregularities yet there would be uninterrupted supply of electricity for 36 hours during election days across the country.Two ...

Islamabad - Centuries-old historical and cultural links between the brotherly people of Pakistan and Tajikistan provide a strong basis for further enhancing their economic, commercial and trade relations.These remarks were made by Gononov S.Sherali, Ambassador of Tajikistan in Pakistan while ...

lahore - The 9MFY13 cement sector profitability remained robust, where sector clocked up earnings growth of 125 per cent YoY led by steady volumetric growth margin expansion and dip in financial costs due to de-leveraging of balance sheets.Industry sources said that April 2013 cement offtake stood ...

SIALKOT - The indiscriminate firing by the Indian security forces on Pakistani bordering villages in Shakargarh panicked the villagers on Tuesday.According to Chenab Rangers officials, villagers were offering Fajar prayer, when the Indian forces unleashed firing from Blair post on bordering ...

ISLAMABAD : Agriculture sector in the country grew at the rate of 3.35 percent during 2012-13 while industrial sector showed a positive growth of 3.49 percent during the same period. It was stated by Pakistan bureau of statistics after 93rd meeting of National accounts committee was held to review ...