LAHORE  - Interim Minister for Water and Power Dr Musaddiq Malik stated on Wednesday immediate resolution to continuing prolonged power cuts in the county lied in enhancing generation through providing fuel to those powerhouses which have not been working to their full capacity. In an ...

islamabad - The performance of Pakistan International Airlines (PIA) is improving which is evident from reduction in its losses during last six months by Rs 1 billion per month on average.“This was possible due strict financial monitoring and adoption of effective cost saving measures,” ...

LAHORE – The manufacturers on Thursday urged the Chairman Punjab Industrial Estates Development and Management Company to expedite work on power projects and also ensure uninterrupted gas supply in the Sundar Industrial Estate.They said that unavailability of electricity and gas are the major ...

Industry leaders will have no problem closing nuclear reactors that don’t generate expected profits. Exelon, the Chicago-based company that owns 17 of the 104 US reactors, recently saw its stock price drop below $30 a share, the same level as mid-2003, and a whopping 70 percent below its peak ...

Minister for Information and Broadcasting Qamar Zaman Kaira has said the power generation situation has improved during the last few days which has resulted reduced in loadshedding.Talking to the media persons in Muzaffargarh on Friday along with Water and Power Minister Chaudhry Ahmed Mukhtar he ...

LAHORE – PML-Q leaders said on Wednesday that reduction in the duration of load shedding was the first gift of Deputy Prime Minister Chaudhry Pervaiz Elahi to the nation.Members of various wings of the PML-Q Punjab made the bid to fool their electorate about the duration of load shedding ...

ISLAMABAD - Albeit the Parliamentary Committee on National Security (PCNS) is yet to finalise its draft of recommendations for new terms of engagements with the US and foreign policy in general, the joint sitting of the Parliament Monday resumed debate on the PCNS report but the opposition benches, ...

OUR STAFF REPORTER ISLAMABAD - The funding gap for Early Recovery projects has been reduced from $570 million to $413 million, the United Nations reported on Friday. According to a new flood update issued by United Nations Development Programme (UNDP), agricultural inputs, till date, have been ...

OUR STAFF REPORTER LAHORE Top LPG producers on Tuesday decreased liquefied petroleum gas (LPG) prices by about Rs 16,000 per metric or Rs 15 per kg due to considerable decrease in demand. This was said that JJVL and OGDCL cut prices by Rs 78600 and Rs 82,646 per metric ton respectively to Rs ...

Islamabad (Online) - Federal Religious Affairs Minister Syed Khursheed Ahmed Shah has said the government is ready to privatise the Haj operations after the approval of the parliament. the new Haj policy will soon be announced and the applications for pilgrimage will be received from April 10, said ...

LAHORE The Provincial Management Service Officers Association has demanded of the chief secretary and ACS Punjab to withdraw a notification regarding re-fixation of cadre strength of the PMS to 912. In a letter written to the ACS by President of the Association Rai Manzoor Hussain Nasir, it has ...

LAHORE - Energy security is as vital as food and territorial security of the country. We will have to gird up our loins and work selflessly to ensure the success of the energy reforms initiated by the Government to salvage the country out of the present energy crisis. This was stated by Rasul Khan ...

KARACHI - The Overseas Investors Chamber of Commerce & Industry (OICCI) has proposed that the rate of custom duty and income tax on import of diabetes medicines be declined in the upcoming budget 2010-211. This expectation is inline with the insignificant price revision from Ministry of Health and ...

ISLAMABAD - After missing US $ 13 billion textile exports target for the previous year by a huge margin, the government set a more realistic target of US $ 10.41 billion for the current fiscal year. The TheNation reliably learnt a major dip of US $ 2.59 billion in the textile export targets for the ...

KARACHI - Federal Ports and Shipping Minister Babar Khan Ghauri has said that port charges will be reduced after the receipt of recommendations from the Ministry of Ports and Shipping within 30 days. As per Federal Budget 2009-10, 16 percent more service charges will be levied on Ports. However, ...

LAHORE - The All Pakistan Textile Mills Association (APTMA) have sought vital intervention of the government in tax regime to ensure revival of industry. The textile body through its budget proposals has urged the government to reduce maximum corporate tax to 25 per cent in the upcoming budget to ...

ISLAMABAD - The government has decided to curtail electricity loadshedding time period for the industrial sector of Pakistan effective from today (Sunday), TheNation reliably learnt on Saturday. Industrial sector of the country was suffering a lot due to loadshedding and consequently thousands of ...

LAHORE - Pakistan Telecommunication Company Limited Regional General Manager Operations Rasheed Ahmed has said that dysfunctional telephone connections have been reduced to only 3,000 from the huge figure of more than 10,000 within a very short period. He was talking to a ceremony organised to ...

LAHORE - Market once again remained dull and moved in a very narrow band with much reduced volumes, as economic fundamentals did not allow the investors to give positive response to Asif Zardari's election as President of Pakistan. Majority of the scrips were either standing at the lower freezing ...

ISLAMABAD- Post-harvest losses in horticultural crops (Fruits and Vegetables) need to be reduced to increase the income of the farmers. This  was stated by Dr Muhammad Saeed, Representative of  Asian Productivity Organisation (APO), on behalf of the APO Japan while addressing the ...