Archive for: June, 2012

President Zardari lashes out at PML-N for conspiring against Mohajir Province

Blaming the Pakistan Muslim League-N for conspiring against Mohajir province, President Asif Ali Zardari on Thursday said the issue of a Mohajir province was raised just to take revenge from the Pakistan Peoples Party for its bold stand to create a Seraiki province. In an interactive session that lasted for three hours, the president took […]

Electricity shortfall increases to 7000 MW

With the rise in mercury level, the power shortfall continues to plague the country as electricity shortfall has risen to 7,000 megawatts (MW) that resulted in increase in unannounced load shedding across the country. PSO has reduced fuel supply to IPPs and power houses due to which electricity is being generated around 10,000 MW while […]

Prime Minister Gilani hints new provinces before elections

In a bid to acquire public support, Prime Minister Syed Yousaf Raza Gilani has said that the new province will be created before the next elections, clarifying that there was no link between the upcoming general elections and the national budget. The premier while speaking to the media said that the elections will be held according […]

President Zardari sends reference to Speaker National Assembly for creation of new provinces

President Asif Ali Zardari has sent a reference to Speaker National Assembly Dr Fehmida Mirza to form a commission to oversee the matter of the creation of the new provinces, signaling the creation of two new federating units including the Seraiki and Bahawalpur province, The commission will comprise six Senators to be nominated by Senate […]

Pakistan loses Rs380 billion every year due to power crisis

Pakistan loses Rs380 billion every year due to power crisis Thursday, May 31, 2012: Pakistan loses around 2%, or Rs380 billion, of GDP (Gross Domestic Product) every year due to the prevailing power crisis in the country. According to the to the Economic Survey 2011-12, the  cost of subsidies given to the power sector during […]

Peru and US to hold meetings on environmental issues

Peru and US to hold meetings on environmental issues The Governments of the United States and Peru convened a series of environmental meetings related to the U.S. – Peru Trade Promotion Agreement (PTPA) from May 29-31 in Washington, D.C. The governments also held a public session, providing interested stakeholders with the opportunity to raise issues […]

US Bureau of Arms Control to host 3rd annual Generation Prague Conference on June 4

US Bureau of Arms Control to host 3rd annual Generation Prague Conference on June 4 The Bureau of Arms Control and International Security will host the 3rd annual Generation Prague Conference on June 4, 2012. The conference “Generation Prague: Learning from the Past – Confronting New Security Challenges,” will focus on the lessons of the […]

China urges Pakistan to control TIM militants

China urges Pakistan to control TIM militants According to BBC Urdu service, China has urged Pakistan to take effective measures to control the activities of East Turkistan Islamic Movement (TIM) militants that are reportedly residing in Federally Administered Tribal Areas (FATA). According to the sources, Yang Jiechi, the Chinese Foreign Minister who is currently visiting […]

Asjad Iqbal hammers Shahram Changezi to book final spot of 2012 NBP Ranking Snooker Championship

Asjad Iqbal was up against the dazzling Shahram Changezi in the second semi-final clash of the 2012 National Bank of Pakistan (NBP) Ranking Snooker Championship at the Defence Housing Authority (DHA) Creek Club Billiards Hall where Iqbal was able to beat his opponent by the score line of 6-4. Changezi cruised into one frame lead […]

Declining Rupee puts stocks under pressure

Declining Rupee puts stocks under pressure Islamabad: (Thursday, May 31, 2012) With the investors panicked by the sustained decline in Pakistani rupee versus US dollars, stocks at the main markets observed bearish trends and fell significantly. Explaining the phenomenon, investors said that the buyers were concerned by the depreciating rupee. Perhaps that was the reason […]

Muhammad Asif books final spot beating Muhammad Majid in 2012 NBP Ranking Snooker semi-final

Reigning National Snooker Champion Mohammad Asif put up an excellent snooker display at the Defence Housing Authority (DHA) Creek Club Billiards Hall and was able to defeat Muhammad Majid by the score line of 6-4 in the semi-final clash of the 2012 National Bank Pakistan (NBP) Ranking Snooker Championship. The National Champion was not expecting […]

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