Pakistan’s economy to grow at 4 percent: Minister
February 7th, 2012 - 12:40 pm ICT by IANS
Islamabad, Feb 7 (IANS) Pakistan's economy would grow at four percent during the current fiscal year (2011-12), Finance Minister Abdul Hafeez Shaikh has said."Despite challenges, the GDP growth would reach ... Read more...
Posted in Business |
Pakistani apex court suspends 28 lawmakers, two ministers
February 6th, 2012 - 10:36 pm ICT by IANS
Islamabad, Feb 6 (IANS) Citing poll fraud, the Pakistani Supreme Court Monday suspended 28 MPs and legislators, including two ministers, one of whom is currently with Prime Minister Yousuf ... Read more...
Posted in South Asia |
Pakistan got Rs.972 bn as taxes in past seven months
February 3rd, 2012 - 12:18 pm ICT by IANS
Islamabad, Feb 3 (IANS) Stating that tax collection had increased, Pakistan Finance Minister Hafeez Shaikh says that Rs.972 billion had been collected as taxes in the past seven months.Shaikh told ... Read more...
Posted in Business |
Pakistan approves sugar export
February 2nd, 2012 - 2:24 pm ICT by IANS
Islamabad, Feb 2 (IANS) Pakistan has approved the export of 100,000 tonnes of sugar in an attempt to prevent a possible glut in the market.The decision to allow sugar ... Read more...
Posted in Business |
Waiting for change: Play talks of contemporary Pakistan
January 19th, 2012 - 2:56 pm ICT by IANS
New Delhi, Jan 19 (IANS) Insha, the saviour who offers the hope of deliverance, and Mansha, the horror of intimidation and repression, have timed their appearance well in a play ... Read more...
Posted in Uncategorized |
Pakistan, Afghanistan to double bilateral trade to $5 bn
January 18th, 2012 - 5:11 am ICT by IANS
Islamabad, Jan 18 (IANS) Pakistan and Afghanistan have agreed to increase bilateral trade volume to $5 billion by 2015 from the present near $2.5 billion, said officials.The Pakistan-Afghanistan Joint Economic ... Read more...
Posted in South Asia |
Gilani meets defence chiefs; Kayani talks with Zardari (Lead)
January 14th, 2012 - 11:41 pm ICT by IANS
Islamabad, Jan 14 (IANS) Amid the stand-off between the political and military leadership in Pakistan, Prime Minister Yousuf Raza Gilani Saturday told military chiefs that the armed forces were ... Read more...
Posted in Politics |
Radio Pakistan hit by financial problems
December 30th, 2011 - 4:34 pm ICT by IANS
Islamabad, Dec 30 (IANS) The Pakistan Broadcasting Corporation -- popularly known in the subcontinent as Radio Pakistan -- is facing a severe financial crunch due to which the future of ... Read more...
Posted in South Asia |
Notices to 300,000 Pakistanis who don’t pay taxes
December 24th, 2011 - 12:15 pm ICT by IANS
Islamabad, Dec 24 (IANS) Pakistan, which is facing a disappointing economic scenario, is sending notices to 300,000 people who don't pay their taxes.Federal Finance Minister Abdul Hafeez Shaikh has directed ... Read more...
Posted in Business |
Pakistan’s economy needs a boost: Zardari
December 23rd, 2011 - 1:14 pm ICT by IANS
Islamabad, Dec 23 (IANS) President Asif Ali Zardari Thursday stressed the need for efforts to improve economic conditions in the country.Zardari also spoke of the need to address the ... Read more...
Posted in Business |
Pakistan’s economic indicators positive: minister
December 20th, 2011 - 12:43 pm ICT by IANS
Islamabad, Dec 20 (IANS) Pakistan's economic indicators were showing positive results and the government wants to improve the efficiency of state owned enterprises, says Finance Minister Abdul Hafeez Shaikh.Shaikh said ... Read more...
Posted in Business |
Pakistan vows to net 700,000 tax evaders
December 14th, 2011 - 12:34 pm ICT by IANS
Islamabad, Dec 14 (IANS) Pakistan will focus on 700,000 tax evaders who possess properties and frequently travel abroad but pay no tax, Finance Minister Abdul Hafeez Shaikh has said."We will ... Read more...
Posted in South Asia |
Pakistan pays Rs.1 trillion in energy subsidies
December 4th, 2011 - 12:50 pm ICT by IANS
Islamabad, Dec 4 (IANS) The largest burden on Pakistan's economy is a payment of Rs.1 trillion for the subsidy and losses of state-run power entities in the last four years, ... Read more...
Posted in South Asia |
Pakistan’s economy improving: Minister
November 20th, 2011 - 1:15 pm ICT by IANS
Islamabad, Nov 20 (IANS) Pakistan's economy has shown better performance during the first four months of the current fiscal year, said Finance Minister Abdul Hafeez Shaikh.Shaikh said Saturday that the ... Read more...
Posted in Uncategorized |
Business as usual unacceptable, Gilani warns PIA
November 4th, 2011 - 12:53 pm ICT by IANS
Islamabad, Nov 4 (IANS) "Business as usual is unacceptable" was the stern message from Prime Minister Yousuf Raza Gilani to the country's national carrier that has to undergo restructuring.Gilani, ... Read more...
Posted in South Asia |
Pakistan to import 100,000 tonnes of sugar
October 14th, 2011 - 3:30 pm ICT by IANS
Islamabad, Oct 14 (IANS) Pakistan will import 100,000 tonnes of sugar due to a shortage following floods that ravaged sugarcane crops in Sindh province.The government Thursday allowed import of 100,000 ... Read more...
Posted in South Asia |
Pakistan to have five-day week
October 13th, 2011 - 1:26 pm ICT by IANS
Islamabad, Oct 13 (IANS) Pakistan will have a five-day working week to conserve energy, the cabinet has decided.The federal cabinet Wednesday approved, in principle, a five-day working week to ... Read more...
Posted in South Asia |
Minister upbeat on Pakistan’s economy
September 28th, 2011 - 2:29 pm ICT by IANS
Islamabad, Sep 28 (IANS) Positive macro-economic performance coupled with expected investment inflows into Pakistan would help bolster the national economy, a senior minister has said.Finance Minister Abdul Hafeez Shaikh, who ... Read more...
Posted in Business |
Pakistan wants to strengthen its energy sector
September 15th, 2011 - 1:30 pm ICT by IANS
Islamabad, Sep 15 (IANS) The government was committed to strengthening the energy sector for the overall economic development of Pakistan, a minister said.Finance Minister Abdul Hafeez Shaikh said Wednesday that ... Read more...
Posted in Business |
Pakistan panel to check unscheduled power outages
August 22nd, 2011 - 12:39 pm ICT by IANS
Islamabad, Aug 22 (IANS) Pakistan Prime Minister Yousuf Raza Gilani has constituted a high-powered committee to check unscheduled power outages in the country.The decision was taken at a meeting ... Read more...
Posted in South Asia |
Zardari vows to enhance trade ties with China
August 16th, 2011 - 5:30 am ICT by IANS
Islamabad, Aug 16 (AINS) Pakistani President Asif Ali Zardari Monday vowed to enhance trade ties with China in various sectors.The president held a meeting with a Chinese business delegation at Aiwan-e-Sadr, ... Read more...
Posted in Business |
Pakistan sets up panel to look into power outages
August 8th, 2011 - 12:17 pm ICT by IANS
Islamabad, Aug 8 (IANS) Pakistan Prime Minister Yousuf Raza Gilani has constituted a high-powered committee to resolve the issue of unscheduled power outages in the country.The committee, to be ... Read more...
Posted in Uncategorized |
Rs.10.2 bn for deficit-stricken Pakistan Railways
August 6th, 2011 - 12:40 pm ICT by IANS
Islamabad, Aug 6 (IANS) The Pakistan government has approved Rs.10 billion for the railways to help it overcome a Rs.52.5 billion deficit, Geo News reported.The decision to provide Rs.10.2 billion ... Read more...
Posted in South Asia |
Pakistan must enhance global trade: Minister
July 30th, 2011 - 1:55 pm ICT by IANS
Islamabad, July 30 (IANS) Pakistan's global trade should be increased to strengthen the country's economy, Finance Minister Abdul Hafeez Shaikh has said."Development of a country depends on its level of ... Read more...
Posted in South Asia |
Pakistan to spend Rs.154 bn on 15 projects
July 30th, 2011 - 1:32 pm ICT by IANS
Islamabad, July 30 (IANS) Pakistan has approved 15 infrastructure projects at a cost of a whopping Rs.154.52 billion.The Executive Committee of the National Economic Council approved the 15 projects of ... Read more...
Posted in South Asia |
Pakistan to auction 3G licences (Lead)
July 27th, 2011 - 4:13 pm ICT by IANS
Islamabad, July 27 (IANS) Taking a cue from the spectrum scam in India,
Pakistan has decided to auction third generation spectrum (3G) licences, a media report said Wednesday.Pakistan may invite international ... Read more...
Posted in Business |
Pakistan prepares to auction 3G licences
July 27th, 2011 - 1:27 pm ICT by IANS
Islamabad, July 27 (IANS) Pakistan may invite international telecom firms alongwith the national operators to participate in an open auction for 3G licences which is expected to yield Rs.60 billion ... Read more...
Posted in Business |
Pakistan’s Rs.2.7 trillion budget approved
June 23rd, 2011 - 2:33 pm ICT by IANS
Islamabad, June 23 (IANS) Pakistan's National Assembly has approved the Rs.2.7 trillion federal budget.Finance Minister Abdul Hafeez Shaikh Wednesday said the government intends to reduce the overall sales tax rates ... Read more...
Posted in South Asia |
Please pay taxes, Pakistani elite told
June 18th, 2011 - 3:03 pm ICT by IANS
Islamabad, June 18 (IANS) Pakistani Finance Minister Abdul Hafeez Shaikh has urged MPs and "all other well-off people" to pay taxes.Not only should they lead by example, but they must ... Read more...
Posted in Politics |
Pakistan hikes defence budget, Gilani looks at economic revival (Lead)
June 4th, 2011 - 2:22 pm ICT by IANS
Islamabad, June 4 (IANS) Pakistan increased its defence allocation to Rs.495 billion in a total budget of Rs.2,504 billion (around $30 billion) for 2011-12, but Prime Minister Yousuf ... Read more...
Posted in Business |
Pakistan allocates Rs.495 bn for defence
June 4th, 2011 - 12:55 pm ICT by IANS
Islamabad, June 4 (IANS) Pakistan has hiked the budgetary allocation for defence to Rs.495 billion for 2011-12, a media report said.The allocation for the next fiscal year is Rs.53 billion ... Read more...
Posted in South Asia |
Pakistan’s war on terror since 9/11 cost $68 bn
May 27th, 2011 - 1:12 pm ICT by IANS
Islamabad, May 27 (IANS) Pakistan has suffered "a colossal loss of $68 billion" due to the war on terror since 9/11, a Pakistani daily said Friday, adding this huge cost ... Read more...
Posted in Uncategorized |
Pakistan expecting $981mn US disbursement by June
April 27th, 2011 - 11:36 am ICT by ANI
Islamabad, April 27(ANI): Pakistan is expecting a disbursement of 981 million dollars by the United States by June under the coalition support fund and the Kerry-Lugar-Berman Act.Speaking at a news conference, Pakistan ... Read more...
Posted in South Asia |
Afridi lauds Shehzad for guiding Pakistan to victory over Windies in 2nd ODI
April 26th, 2011 - 12:54 pm ICT by ANI
Gros Islet (St.Lucia), April 26(ANI): Pakistan's limited-overs captain Shahid Afridi has lauded opening batsman Ahmed Shehzad for steering Pakistan to a seven-wicket win against the West Indies.Shehzad hit seven fours and one ... Read more...
Posted in Sports |
Pak Finance minister to promote foreign investment in IMF, WB meetings
April 16th, 2011 - 5:43 pm ICT by ANI
Washington, April 16(ANI): Pakistan Finance Minister Adbul Hafeez Shaikh, who is in Washington to attend International Monetary Fund (IMF) and World Bank (WB) meetings, has reaffirmed Islamabad's resolve to facilitate foreign investment ... Read more...
Posted in South Asia |
