Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Poor maintenance and operational procedures have led to the shutdown of the Pakistan Steel Mills (PSM) for the first time in three decades. The country’s largest industrial complex has remained closed for the past three weeks with no immediate signs of resumption. The industrial complex had been shut down on October 8, 2014 after one […]
The Economic Coordination Committee of the Cabinet was informed by the Governor State Bank of Pakistan on Saturday that SBP had received the first installment of US $ 550 million from the International Monitoring Fund thus increasing the Foreign Exchange Reserve to US $ 10.4 billion. This was disclosed when the ECC was discussing the […]
Prime Minister Justice (R) Mir Hazar Khan Khoso has constituted a three-member committee to give concrete and practical recommendations to overcome Pakistan Steel Mills present financial woes. The Prime Minister was presiding over a high level meeting to review the overall performance of PSM, its issues and challenges, the PM office said. The […]
Interior minister Rehman Malik Thursday submitted a written apology to the Supreme Court in reference to the Pakistan Steel Mills (PSM) corruption case. The Supreme Court had taken a suo moto action against the corruption charges against PSM. Rehman Malik’s involvement in the case began when he formulated a Federal Investigation Agency (FIA) […]
After Russian President Vladimir Putin cancelled his visit, Russian Foreign Minister Sergey Viktorovich Lavrov will arrive in Islamabad on Wednesday for bilateral consultations. According to the Foreign Office, the Russian minister is coming for two days on the invitation of Foreign Minister Hina Rabbani Khar. The latest development follows cancellation of Putin’s trip to Islamabad […]
Joining the chorus in criticizing the government, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan demanded an audit of all discretionary funds of the president, prime minister, chief ministers and defence budget allocated for the armed forces. Addressing a press conference to give his party’s response to budget presented for the year 2012-13, the cricketer-turned-politician condemned the […]
The Supreme Court has asked the National Accountability Bureau (NAB) to carry out the investigation into the Rs 26 billion Pakistan Steel Mills (PSM) corruption. It also issued a contempt of court notice to Interior Minister Rehman Malik for violating its orders in the case. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry […]
The Federal Minister for Production, Chaudhry Anwar Ali Cheema, gave a blatant statement on Tuesday, citing that the Pakistan Steel Mills (PSM) is nothing more than a burden on the economy of the country and the government better get rid of it rather than keep suffering from this loss-making entity going. The minister believes that […]
