
Pakistan Government to issues Rs70 billion TFCs Thursday, May 10, 2012: The Government of Pakistan is mulling over the option of issuing Rs70 billion TFCs (term finance certificates) in order to curb inter-corporate debt and tackle the power crisis. The government has decided to raise this amount from the reserves of Oil and Gas Development […]
May 11 2012 | Posted in
Business,
Pakistan |
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Pakistan stock market suffers the lower world oil prices – Pakistan oil an gas news Islamabad, May 8 (Reuters) – Pakistan shares closed lower on Tuesday, led by sales of oil and gas sector due to lower world oil prices, analysts said. Karachi Stock Exchange (KSE) 100-test of stock index ended 0.71 percent or 104.01 […]
May 10 2012 | Posted in
Pakistan |
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US condemns bombing in Damascus that claims 35 lives Thursday, May 10, 2012: The United States has condemned in the strongest possible terms today’s attacks in Damascus. Any and all violence that results in the indiscriminate killing and injury of civilians is reprehensible and cannot be justified. In order to prevent another escalation of violence, […]
May 10 2012 | Posted in
Pakistan,
USA,
World |
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President convenes emergency meeting as loadshedding crisis engulfs the country Islamabad: (Thursday, May 10, 2012) President Asif Ali Zardari has convened an emergency meeting to mull over the lingering crisis of loadshedding in the country. According to Presidential spokesman Farhatullah Babar, the president cancelled his other engagements for this meeting. According to the sources, Federal […]
May 10 2012 | Posted in
Pakistan |
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Naveed Qamar declares Power crisis as national issue Islamabad: (Thursday, May 10, 2012) Federal Minister for Water and Power Naveed Qamar claimed here today that unannounced loadshedding will end within 24 hours. Sharing details of the ongoing energy crisis that has engulfed the entire country and that is particularly affecting Punjab, the federal minister said […]
May 10 2012 | Posted in
Pakistan |
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Pakistan successfully test fires Short Range Ballistic Missile Hatf III (Ghaznavi) Rawalpindi – May 10, 2012: Pakistan today conducted a successful training launch of Short Range Ballistic Missile Hatf III (Ghaznavi), which can carry nuclear and conventional warheads to a range of 290 kilometers. The launch was conducted at the conclusion of the annual field training […]
May 10 2012 | Posted in
Pakistan |
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PM Gilani lauds the UK govt.’s initiatives to boost bilateral trade and investment in Pakistan Thursday, May 10, 2012: Prime Minister Yousuf Raza Gilani, in his address to the British Parliamentarians yesterday here in House of Commons, said that there were strong reasons for both Pakistan and the United Kingdom to cherish this mutual relation. […]

Afghanistan faces tougher security challenges in the next phase of a transition from foreign to Afghan forces as insurgents step up their attacks, Afghan officials said on Thursday. President Hamid Karzai is expected to announce on Sunday the transfer of 230 districts and the centres of all provincial capitals to Afghan control in the third […]
May 10 2012 | Posted in
Pakistan,
World |
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Ivan Basso looking good for an overall victory at the Giro d’Italia 2012 Ivan Basso of Team Liquigas-Cannondale is currently holding the third overall position after the stage 15 classifications of the Giro d’Italia 2012. The cyclist is currently 1 minute and 22 seconds behind the race leader Joaquim Rodriguez and is determined to stick […]
May 10 2012 | Posted in
Pakistan |
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Cunning politicians easily deceive innocent people In any democratic country of the world, politicians are considered to be the true representatives of general masses in every country of the world and they are supposed to resolve the problems that people face in their particular constituencies. Considering this, the role of politicians holds paramount significance as […]
May 10 2012 | Posted in
Opinion,
Pakistan |
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Pakistan got a democratic government led by Pakistan Peoples’ Party (PPP) a result of February 2008 general elections. After a long dictatorial regime of General (Retd) Pervez Musharraf, it was great sigh of relief to have an elected government. A general perception is that the worst democracy is better than the best dictatorship. However, apparently […]

In quite an expected move, the Pakistan Cricket Board (PCB) has appointed Mohammad Hafeez as the new captain of the national Twenty20 team, retaining Misbah-ul-Haq as the skipper for tests and 50-overs games. PCB Chairman Zaka Ahsraf announced the decision at a press conference in Lahore, saying that he will not tolerate any violation of […]