KARACHI (PR): The Board of Management of Pakistan State Oil (PSO) reviewed the company’s performance for the first nine months of FY13 from July, 2012 to March, 2013. The meeting was chaired by Ahsan Bashir and members in attendance were Dr. Mirza Ikhtiar Baig. Mohammad Naeem Malik, Mr. Malik ...

LONDON - Britain is increasing police numbers by 40 percent for Sunday's London marathon as part of an effort to reassure competitors and spectators after bombs devastated the Boston race on Two explosions near the finish line of the Boston race killed three people and injured 176, triggering ...

ISLAMABAD - Tea import in country during first eight months of current financial year registered an increase of 10.73 per cent as compared to imports of corresponding period of last year.During the period from July-February, 2012-13 country consumed about 89,738 metric tons of tea costing US$ ...

The National Electric Power Regulatory Authority (NEPRA) has approved the increase in power tariff by paisa 91 per unit.According to NEPRA officials, NEPRA held a public hearing relating to power tariff on an application of the Central Power Purchasing Agency here.Except KESC, power tariff has been ...

KARACHI – Etihad Airwys has increased baggage allowances for all Pearl Business class and Diaamond First class guests by ten kilograms.Guests travelling in Pearl Business class will now have an allowance of 40kg, and guests in Diamond First class will have an allowance of 50kg, says a press ...

Karachi – Standard CharteredBank (Pakistan), Limited has announced record profits and income for the year 2011.The Bank’s Profit (before tax)have grown by 52 per cent to PKR 8.4 billion in 2011, with earnings per share up at Rs 1.41 per share from PKR 0.93 per share in 2010. Revenue ...

KARACHI, Pakistan – January 18, 2012 – Emirates has announced two additional flights a week to Northern Pakistan. From February 7th Emirates will serve its passengers in Lahore and Islamabad eight times a week, says  press release.The airline will now be operating 47 flights into ...

ISLAMABAD - The Sensitive Price Indicator based inflation has recorded a nominal increase of 1.45 per cent during the first week of the New Year 2012, but when compared with same week last year it has surged by 6.08 per cent, Federal Bureau of Statistics reported on Friday.According to the latest ...

ISLAMABAD (APP) - The Sensitive Price Indicator (SPI), for the week ended on September 29, 2011, for the lowest income group up to Rs8,000, has registered an increase of 0.09 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 169.33 points ...

OUR STAFF REPORTER LAHORE The electricity shortfall in the country on Monday went up to 3,495 megawatt (MW) as the total power generation was recorded as 13,014 MW against the demand of 16,509 MW during the last 24 hours. According to a briefing on daily power generation and load-management ...

ISLAMABAD (APP) The daily sales of Utility Stores Corporation (USC) has increased by three-fold in Ramadan due to the supply of quality items on cheaper rates, Advisor to Prime Minister on Production Mohammad Basharat Raja said on Sunday. Talking to journalists here, he said the sale of over 5000 ...

Commerce Desk LAHORE - A survey conducted by Rozee.Pk, Pakistans leading job portal, and international research company, YouGov, reveal that the majority of working Pakistanis believe cost of living has increased more than their salaries over the past one year. Moreover, almost half have no ...

PEOPLE with coronary artery disease have an increased risk of death if they have fat around the waist, according to researchers in the US. The Mayo Clinic team, which analysed data from five studies involving 15,923 patients, found this even affected people with a normal Body Mass Index (BMI). In ...

KARACHI - The State Bank of Pakistan (SBP) has decided to raise the Statutory Liquidity Requirement (SLR) for Islamic Banks/ Islamic Banking Branches to 14 per cent effective from April 01, 2011. The SBP has taken this decision while exercising the powers conferred upon it under section 36 of the ...

ISLAMABAD - Seeking for financial support, Pakistan International Airlines (PIA) Friday informed the Cabinet Committee that the government has not been allocating any fund for the airline since 2009 that increased their budget deficit. The Managing Director of PIA Mohammad Aijaz Haroon and ...

Kings Speech gets 7 Golden Globe nods BEVERLY HILLS (Reuters) - Drama The Kings Speech led the film nominations for Golden Globe awards on Tuesday with seven nods in key categories, including best film drama. Close behind with six nominations each were boxing film The Fighter and Facebook movie The ...

ISLAMABAD (APP) - Pakistan Central Cotton Committee (PCCC) has approved Rs 288.711 million budget for the year 2010-11 besides increasing cotton cess by Rs. 50 per bale to generate and spend more on the agriculture research. Federal Minister for Food and Agriculture Nazar Muhammad Gondal chaired ...

ISLAMABAD - The Sensitive Price Indicator (SPI) based inflation has increased to 20.21 percent during the week ending on December 2, against the same period of previous year, Federal Bureau of Statistics reported on Saturday. According to the figures, SPI based inflation recorded an increase of ...

ISLAMABAD - The Sensitive Price Indicator-based inflation surged by 18.68 percent during the last week over the same period of the last year, Federal Bureau of Statistics (FBS) reported on Monday. According to the figures, the SPI-based inflation for all income groups was recorded at 18.68 percent ...

ISLAMABAD The ongoing first spell of monsoon rains in federal capital has increased water level in Simly dam, however, 24 out of 188 tube wells are still out of order, causing water shortage in Sectors I-9 and I-10. The CDA is expecting good monsoon rains to help overcome water scarcity in ...

LAHORE - Justice Muhamm-ad Anwar Bahor of the Lahore High Court allowed a sui juris girl to go with her husband on Wednesday after quashing the FIR lodged against him on the charges of abduction. Petitioner Mubeen, nominated accused in the FIR, through his counsel Muham-mad Riaz Anjum advocate ...

KARACHI - The four-wheeler sales growth substantially surged by 43 per cent to 140,307 units during FY10 compared to 98,241 in the same period last year. In the single month of June this year total 16,663 units of automobiles were sold, indicating a sharp growth of 25 per cent MoM. This growth is ...

ISLAMABAD (APP) - Federal Minister for Food and Agriculture Nazar Muhammad Gondal has said the ratio of 'Bardana (gunny bags) for growers has been increased. Talking to a private TV channel, he said now a farmer would be provided 'Bardana up to 500 bags. The Minister said the procedure regarding ...

LAHORE Keeping in view the importance and beneficial role of Education Voucher Scheme (EVS) in imparting quality education to the economically deprived children, the Punjab Education Foundation (PEF) has decided to increase the number of vouchers so that maximum number of deserving children could ...

LAHORE - As the temperature rises to 44 degree Celsius here in the provincial metropolis on Saturday, Pakistan Electric Power Company (PEPCO) resorted to massive and unannounced loadshedding, adding the woes and miseries of the masses in sizzling heat. The Pepco officials said that they resorted ...

KARACHI - The 10-year based cut-off yield of Pakistan Investment Bond (PIB) has increased by 10 bps to 12.54 per cent from the last rate of 12.44 per cent, SBP said on Wednesday. The Ministry of Finance held PIB auction the other day and realized a total amount of Rs 10.11 billion for the all PIB ...

KARACHI - The Pakistan Steel Mill (PSM) has increased its basic price for galvanised material by Rs3000 per ton. The current prices of galvanised coil stood at Rs 71,800/ton after the increase, while the previous prices were Rs 68,800/ton. However, the average price for galvanised material stood ...

KARACHI (PPI) - The use of sweet betelnut (Chalia) manufactured with hazardous chemicals, results growing cancers, especially mouth cancers, and now such cancers are also found in kids which is an alarming development, said former Director of National Child Health Institute (NICH) and President ...

KARACHI - Disbursements from the private sector commercial banks in infrastructure project financing touched Rs 36.7 billion during January-March 2009 out of total Rs38.8 billion financing in infrastructure sectors during the same quarter of current calendar year. Contrary to this, public sectors ...

KARACHI (Reuters) - The cut-off yield on Pakistans benchmark six-month Treasury bills rose to 12.5517 per cent at an auction on Wednesday from 11.5151 per cent in an auction on July 15, the State Bank of Pakistan said. The weighted average yield on the six-month paper rose to 12.4425 per cent ...