Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Crisis-stricken people of Pakistan greeted the New Year with another rise in the petrol prices from Oil and Gas Regulatory Authority (OGRA) on Sunday morning. Price of petrol has been increased by Rs1.65 to Rs89.54 per litre and that of high octane blending component (HOBC) by Rs5.13 to Rs111.91 per litre for January 2012. Despite […]
Governor of the State Bank of Pakistan, Yaseen Anwar, has claimed that the recently made Currency Swap Arrangements (CSA) will promote the bilateral trade and foreign investment portfolio between the involved countries. Pakistan has made CSA with China last week and with Turkey in November to encourage the bilateral trade in the region. The CSA […]
Recently made Currency Swap Arrangements (CSA) with China and Turkey will certainly help improve bilateral trade and foreign investment activities in the countries but will not help to ease out the pressure on Pak Rupee. These agreements will not cause a dent in the demand for dollars and that is the reason why the country’s […]
The Food and Agriculture Organisation (FOA) of the United Nations has reported that rice production for this next season in Pakistan will reach about 9.7 million tons. It is much improved figure as compared to the last year’s production but is still lower than the bumper harvests of 2008 and 2009. Despite of massive destruction […]
The Pakistan Tourism Development Corporation (PTDC) has asked the government to provide a bailout package of worth Rs. 400 billion to the help ashore the drowning organisation. The PTDC has claimed that it has run out of funds to pay salaries to its employees, who have not been receiving their remuneration for more than three […]
Despite a ban imposed by the Cabinet Division on building new fuel stations along the Kashmir Highway, the city management has allowed the construction of fuel stations in the federal capital. The decision was passed by the city management before the newly-appointed CDA Chairman, Farkhanda Iqbal, assumed the charge of her designation. The Cabinet Division […]
Pak-China currency swap agreement signed The much awaited deal between the two neighbouring countries was finally signed on Friday, when Pakistan and China agreed to a bilateral currency swap to promote trade between the two nations. The agreement was signed to strengthen the economic ties and to encourage bilateral trade between the two countries. The […]
In Thursday’s session of the Sindh Assembly, the members of the house have asked the Speaker of the Assembly to take immediate actions against unauthorised fuel conversion of public service vehicles from petrol and diesel to CNG. The Sindh Assembly also demanded to take notice of the sale of substandard gas kits not meeting the […]
Federal Board of Revenue (FBR) has exposed a massive income tax evasion case in Faisalabad on Wednesday. The new intelligence wing of the authority unearthed the scandal, which involved benami bank transactions, under which huge taxable income was channeled in the hands of a low-paid employee through a local bank, who was not an existing […]
Violent street protests against the shortage of gas supply all over the country struck the twin cities of Islamabad and Rawalpindi on Monday, when a huge crowd blocked the Islamabad Expressway. The mass gathering rallied to block one of the most-used roads in the city from 11 a.m. and petered out after eight hours of […]
After a number of tragic accidents caused by the explosions of gas cylinders in CNG fitted public transport vehicles, the Oil and Gas Regulatory Authority (OGRA) has proposed to impose a ban on the use of compressed natural gas in public transports. The sanction has been proposed by OGRA after the failure to ensure the […]
Dr. Asim Hussain, Minister of Petroleum and Natural Resources, has finally announced that a new dedicated liquefied petroleum gas-air mix plant will be supplying gas to Karachi Electric Supply Company (KESC) in the coming four months’ time. The new plant will provide 100MMCFD gas per day to meet the needs of KESC and will greatly […]
