lahore - The Punjab government has decided that the next development budget (2013-14) in the province would be Rs 200 billion, in which, 80 per cent of funds would be allocated for ongoing development schemes. P&D officials said that in southern Punjab, development funds would also be allocated ...

VIENNA - As if he needed any more excuse to hit the slopes, Austrian ski star and overall World Cup winner Marcel Hirscher has been given a free ski pass for life and a top award for his success in the recently concluded season. The 24-year-old, who took home world championship gold and the crystal ...

OUR STAFF REPORTER LAHORE - Kot Addu Power Company (KAPCO) will be announcing its FY11 financial result on Monday (today) and it is estimated that the companys profitability for the period to be Rs6,691 million, depicting a growth of 31 percent. Experts said that this growth is emanating from lower ...

QINDAO (China) (APP) - Deputy Director General of Standing Committee Qindao Peoples Congress, Mr Xu Hang has said that China and Pakistan enjoy cordial friendship, saying Sino-Pak economic and diplomatic relations would be taken to new height with the passage of time. He was talking to a delegation ...

Pakistan has the world's fastest-growing nuclear stockpile and it could achieve 150-200 warheads in a decade despite the political instability in the country, two top American atomic experts have said. Pakistan is in the process of building two new plutonium production reactors and a new ...

LAHORE (PPI) - The cement manufactures have increased the carriage rates and they were charging Rs 46 to Rs. 100 for each bag in whole sale market. According to details the cement factories have increased Rs 4 each bag as carriage rate during the last one month. In February cement manufactures ...

ISLAMABAD - President Asif Ali Zardari has no plans to highlight the critical security challenges confronting the country in the wake of CIA-operated drone strikes when he addresses the joint sitting of the Parliament tomorrow. Spokesperson to the President, Farhatullah Babar, did not oblige in ...

KARACHI - Owing to fragile prospect of macroeconomic fundamentals, especially bleak balance of payment position, the dollar-rupee exchange rate parity is anticipated to head towards Rs88 in next few months, forex market sources told The Nation on Wednesday. Sources said the prevailing trend of ...

KARACHI - Despite financial challenges, the Pakistan State Oil (PSO) is making strides, achieving after tax earnings of Rs 9.05 billion for the financial year 2010 as compared to a loss after tax of Rs. 6.7 billion during the last financial year. Board of Management (BoM) chaired by Nazim F. Haji ...

Strongly condemning Israel's attack on a flotilla bound for the Gaza Strip with aid, Foreign Minister Shah Mehmood Qureshi has said that ambassadors in Arab countries have been asked to get information about three Pakistanis including TV anchorperson Talat Hussain. Talking to a private TV channel, ...

LAHORE - The trade volume between Pakistan and Malaysia is likely to touch new peak as a number of Malaysian companies and businessmen have shown readiness to initiate joint venture with their Pakistani counterparts. The consensus was developed at the LCCI delegations meetings at various Malaysian ...

KARACHI - The Bank of America Merrill Lynch, a leading global strategic advisor and underwriter, has predicted that the KSE 100-index may touch 11,000 points during current calendar year on account of monetary easing, reintroduction of leverage and upgrade of stock market to MSCI EM, which also do ...

KARACHI - Samsung Electronics has unveiled its latest GenoA touch screen mobile phone for its customers. The company has also signed TeleTec Solutions Pakistan as its new official partner in Pakistan. Zeeshan Qureshi, Head of Mobile Phones Division, Samsung Pakistan & Afghanistan, on this occasion, ...

The US has said it is in communication with both India and Pakistan on the case of David Coleman Headley and Tahawwur Hussain Rana, who were arrested by FBI in October on charges of plotting terror attacks against Indian facilities. We obviously have a role to play in terms of dialogue with these ...

KARACHI - Nervousness among investors pertaining to the issues likely to be debated in National Assembly restricted the momentum of the local bourse on Friday as the KSE-100 index shed nominal 7 points to close at 9,838 points. Profit taking was witnessed on the last trading day of the week as ...

Cricket boards of India and Pakistan are in touch to discuss resumption of bilateral cricket ties in the near future at neutral venues. Sources in the Pakistan Cricket Board told PTI that a BCCI official had spoken to PCB this week and some discussion revolved around the possibility of revival of ...

LAHORE - Samsung Electronics Co Ltd has launched its newest full touch screen mobile phone Samsung Star (S5233). With this extremely cost competitive product, Samsung is able to enhance its position as a leading player in the hugely popular touch screen mobile market. Samsung Star is a significant ...

PARIS (AFP) - Defending champion Ana Ivanovic breezed into the last 16 at the French Open on Friday but Portuguese teen prodigy Michelle Larcher de Brito saw her dream of becoming the youngest ever women's winner bite the dust. The Serbian, wearing strapping on her troublesome right knee but ...

CONSUMERS are often told that if they break an item, they buy it. But a new study suggests that if they just touch an item for more than a few seconds, they may also end up buying it. Researchers from Ohio State University and Illinois State University tested how touching an item before buying ...

ISLAMABAD (APP) - About 12.1 million cotton bales are estimated to produce during the current financial year as against the set target of 14 million bales in the country. The shortfall in the projected yield is stated to be growing trend of growers toward price and oil seeds cultivation for their ...

KARACHI/LAHORE - Pakistan cement exports are all set to touch one billion dollar mark by 2010 after establishing its position as an exporter of cement and clinker in the region as cement manufacturers enhanced their role among competitors, industry sources told The Nation here Tuesday. The ...

LAHORE - The Warid Telecom total investments and commitments will reach the mark of $ 1.5 billion by the end of 2008 and in 2009 it will touch the figure of $2.5 billion. This was revealed by Chief Executive Officer Warid Telecom Marwan Zawaydeh while speaking at a press briefing here Wednesday ...