WASHINGTON -President Barack Obama on Friday trimmed his funding request for the war in Afghanistan and other overseas operations by 10 per cent, reflecting his plans to wind down the US presence in that country.The president asked for $79.4 billion to fund so-called overseas contingency operations ...

LAHORE (PR): Thousands WAPDA Workers took out a large procession under the aegis of" ALL PAKISTAN Wapda Hydro Electric Workers Union (Regd) from Bakhtiar Labour Hall led by Trade Union leader Khurshid Ahmed accompanied by Rana Abdul Shakoor, Malik Ehsanullah, Zajiod Kazmi, Rana Muhammad Akram, ...

Istanbul - The European Bank for Reconstruction and Development cut sharply on Friday its 2013 growth outlook for countries in Eastern Europe and Central Asia, and for Russia and Egypt in particular.The EBRD slashed its January forecast of 3.1 percent growth to 2.2 percent for a broad swath of ...

ISLAMABAD : Caretaker Federal Minister for Petroleum & Natural Resources Sohail Wajahat H. Siddiqui in a meeting has proposed to cut the gas subsidy to fertilizer plants which would cause further increase in the fertilizer gas price hike  The exercise is said to be aimed at bringing ...

LAHORE  - The Liquefied Petroleum Gas (LPG) marketing companies on Tuesday reduced the prices of LPG by Rs6 per kilogramme (kg). The companies took decision following the reduction of prices in the international market and that the Ogra ensured the implementation on new prices, said the ...

ISLAMABAD - Prices of petroleum products are set to sink with the start of May as a cut up to Rs8.46/litre is likely to be announced, sources said on Monday. The sources also disclosed that Oil and Gas Regulatory Authority (OGRA) has not despatched a summary in this regard as it could not finalise ...

The price of liquefied petroleum gas (LPG) has been cut by Rs6 per kilogram across the country.With this decision, price of domestic cylinder has come down by Rs72 and commercial cylinder by Rs272.According to Irfan Khokhar, Chairman of LPG Distributor Association, LPG price has been slashed in the ...

frankfurt - The European Central Bank will cut its key interest rate, already at an all-time low, at its policy meeting next week and may also unveil new measures to kick-start bank lending to businesses, analysts predict.The ECB's rate-setting governing council is to convene in Bratislava on ...

  MADRID Metro Two Spanish men were apparently so desperate for cash they decided to make a false £2.5 million insurance claim by cutting off their hands. Unfortunately for the alleged fraudsters they were found to have done too good of a job of amputating their limbs. The medics said ...

NEW ORLEANSLucas Glover fired a five-under par 67 on Friday to hold a one-shot lead over Boo Weekley after two rounds of the US PGA Tour's $6.6 million Zurich Classic of New Orleans. Glover, a former US Open champion who is seeking his first win since the 2011 Wells Fargo Championship, had a ...

islamabad - The caretaker government has approved a plan to overcome the unscheduled power loadshedding in the country, as additional subsidy and gas would be provided to power plants for additional electricity power generation.Caretaker prime minister Mir Hazar Khan has approved the plan to reduce ...

ISLAMABAD - Viewing the downward trend in the international oil market, country’s Oil Marketing Companies (OMCs) are likely to slash the prices of POL up to Rs4/litre with the start of upcoming month of May, sources said on Sunday.Good news for consumers of petroleum products (POL) already ...

Washington - Secretary of State John Kerry fought back a determined attempt by an anti-Pakistan lawmaker demanding cutoff of American aid to the South Asian country in a Congressional panel on Wednesday, saying such a move would not be in US interest.“Well, you know the old saying, about ...

Spain, which wants Brussels to agree to relax its deficit targets, should avoid a "drastic" reduction to its public deficit, the head of the International Monetary Fund said in an interview published Thursday in Spain."Countries that are under financial stress and which follow a pattern of high ...

FAISALABADThe Agricultural Support Fund is striving for development of Pakistan Agricultural Sector by strengthening processing, marketing and product diversification and value addition activities, said ASF representative Aqeela Mumtaz.She held a meeting with Dr Iqrar Ahmad Khan, Vice Chancellor ...

ISLAMABAD - The Utility Stores Corporation of Pakistan (USC) has reduced utility ghee and cooking oil prices by Rs.3 to Rs.7 per kg at its all outlets across the country for the relief of the people. The prices of one kg pouch utility ghee has reduced by Rs.3 per kg as it came down from Rs. 138 ...

LAHORE– The Water and Power Ministry told the Lahore High Court on Monday that hydel power generation in the country has plummeted to 2800 mega watts from full capacity of 6500 mega watts due to scarcity of  water in dams as snow melting on mountains has not started so far.This was ...

LAHORE – An SNGPL team on Friday disconnected gas supply to a canteen in the emergency block of Sir Ganga Ram Hospital.According to a spokesman for SNGPL the supply had been disconnected over theft. “The gas was delivered to the canteen through a domestic meter near the canteen,” ...

LAHORE – The PIA has introduced special Umrah fares and the new price of return ticket from Karachi is Rs40,000 and Rs48,000 from other cities inclusive of taxes and fuel surcharge. The decision was taken during a meeting held at the PIA Head Office to facilitate the Ummrah pilgrims and the ...

LAHORE - The textile industry on Wednesday called for regionally competitive interest rates, urging the State Bank of Pakistan, which is announcing its key policy rate on Friday, to bring discount rate down to 8 per cent to counter weak growth and revive fresh, private investment in the economy to ...

ISLAMABAD - The Asian Development Bank (ADB) has noted that power outages are estimated to cut economic growth by 2 percent annually in Pakistan, making it unlikely that the country would able to move toward the 7 percent growth rate needed to generate adequate employment and meaningful poverty ...

LAHORE - The export orders are on the decline due to unavailability of gas to produce value-added ‘parboiled rice’, which may increase foreign exchange earnings by 15 per cent due to value-addition.The millers have demanded the SNGPL to formulate a comprehensive curtailment policy in ...

ISLAMABAD –  The skill development through trainings can play vital role in reduction of poverty and enhancing the growth of economy in the country.This was stated by Chief Executive Officer (ECO) Institute of Rural Management (IRM) Roomi S. Hayat during concluding session of 10-days ...

ISLAMABAD- National Accountability Bureau (NAB) has advised the Water and Power Ministry to disconnect electricity connections of influential private defaulters by today otherwise there would be criminal proceedings against noncompliant officials, sources said on Thursday.The banks had declined ...

AMMAN  - King Abdullah II swore in a trim cabinet line-up of 19 members on Saturday led by reformist Prime Minister Abdullah Nsur, who merged several portfolios to cut spending but failed to satisfy opposition Islamists.The new government, the smallest in Jordan in more than four decades, ...

LAHORE - On the back of a lower-than-expected 50bps discount rate cut by SBP last Friday, sentiment at the local bourse remained subdued this week. The KSE 100-index closed the week at the 15,694 level, down 0.4 per cent WoW while average daily volumes dropped to 117m shares, down 12.7 per cent ...

GUJRANWALA- All Pakistan Silk & Rayon Mills Association Northern Circle Chairman Chaudhry Abdul Rehman has demanded that the federal government should resolve textile sector problems so that it could help boost country’s progress.He stated this while addressing a meeting of the ...

LAHORE - The auto industry representatives have welcomed the ECC decision to bring down age limit of used imported cars from five to three years to support the local industry, but importers have rejected the move.Manufacturers said that this decision would go a long way in stimulating the growth of ...

RAWALPINDI - Transporters have not decreased transport fares from Rawalpindi to other neighbouring cities due to the absence of the secretary of Rawalpindi Transport Authority (RTA). According to sources, the secretary of the authority was transferred many days ago but new secretary could not be ...

 LAHORE - Qaumi Tajar Ittehad Chairman Kh Azhar Gulshan has said that recent hallmark order of the Supreme Court of Pakistan regarding the prices of CNG is a welcome step. Business community is optimistic for such pro-people action on high electricity tariff and rates of petrol and diesel. He ...