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 |
Pakistan to sell 200,000 tonnes of wheat
April 12th, 2011 - 12:39 pm ICT by IANS
Islamabad, April 12 (IANS) Islamabad has approved the sale and export of 200,000 tonnes of wheat to create space for fresh stock procured from farmers, a media report said Tuesday.The ... Read more...
Posted in Business |
Pakistan government ready to tax farm income
April 8th, 2011 - 12:56 pm ICT by IANS
Islamabad, April 8 (IANS) The Pakistan government has concurred with economic experts to tax farm income, a media report said Friday.The government Thursday accepted the advice of economic advisers to ... Read more...
Posted in South Asia |
Indo-Pak World Cup semi-final is a huge match for everyone: Saeed Ajmal
March 28th, 2011 - 5:44 pm ICT by ANI
Mohali, Mar 28(ANI): Pakistani off-spinner Saeed Ajmal has said that Wednesday's World Cup semi-final against India will be a memorable encounter for all."It's a huge match for everyone, the players, the fans, ... Read more...
Posted in Sports |
It’s Pakistani bowlers vs Indian batsmen: Saeed Ajmal
March 28th, 2011 - 2:20 pm ICT by IANS
Mohali, March 28 (IANS) The World Cup semi-final clash between Pakistan and India here Wednesday will be a contest between the former's bowling prowess and the latter's much hailed ... Read more...
Posted in Sports |
Hope problems with openers is over: Waqar
March 24th, 2011 - 12:46 am ICT by IANS
Dhaka, March 23 (IANS) Gung ho after his openers at last came good in the comprehensive ten-wicket victory over the West Indies in the first World Cup quarterfinal, Pakistan coach ... Read more...
Posted in Uncategorized |
West Indies shot out for 112, Afridi takes four wickets (Lead)
March 23rd, 2011 - 8:21 pm ICT by IANS
Dhaka, March 23 (IANS) Pakistani captain Shahid Afridi missed a hat-trick, as the West Indies gave another display of brittle batting, failing to negotiate quality spin to be shot out ... Read more...
Posted in Sports |
Pak openers unsure about batting tactics, says Afridi
March 14th, 2011 - 3:19 pm ICT by ANI
Pallekele (Sri Lanka), Mar 14(ANI): Pakistan's opening batsmen are struggling in the ongoing World Cup because they are not sure whether to play their positive game or just try to survive early ... Read more...
Posted in Sports |
IMF delegation extends Pak visit to finalise pending economic policy issues
March 9th, 2011 - 4:41 pm ICT by ANI
Islamabad, Mar 9(ANI): The inconclusive talks between Pakistan and the International Monetary Fund have prompted the IMF delegation to extend its stay for another two to three days to finalise the pending ... Read more...
Posted in South Asia |
Pak unable to provide cash compensation to flood victims before March 2011
February 5th, 2011 - 4:55 pm ICT by ANI
Islamabad, Feb 5(ANI): Pakistan's Finance Ministry has expressed its inability to provide cash compensation to last year's flood victims before March 2011, according to official sources.The sources said the Pakistan government has ... Read more...
Posted in South Asia |
IMF refuses talks with financial crisis-hit Pakistan on restoring 11.3-bn-dollar package
February 1st, 2011 - 1:29 pm ICT by ANI
Islamabad, Feb 01(ANI): Amid the snowballing financial crisis in Pakistan, the International Monetary Fund (IMF) has refused to send a mission to the country for talks on restoring the 11.3-billion-dollar bailout ... Read more...
Posted in South Asia |
Multilateral donors halt budgetary support to Pakistan, seek IMF’s ‘Letter of Comfort’
February 1st, 2011 - 1:08 pm ICT by ANI
Karachi, Feb 01(ANI): Multilateral donors- including the World Bank (WB), the Asian Development Bank (ADB) and the Islamic Development Bank (IDB)- have reportedly halted their budgetary aid to Pakistan.They have reportedly asked ... Read more...
Posted in South Asia |
Kiwi left-arm spinner Woodcock still waiting for international wicket
January 31st, 2011 - 2:46 pm ICT by ANI
Napier (New Zealand), Jan.31 (ANI): Wellington left-arm spinner Luke Woodcock is still looking for his first international wicket after making his debut for New Zealand over the weekend.In the match against Pakistan ... Read more...
Posted in Sports |
Pakistan’s central bank warns government of economic debacle
January 30th, 2011 - 9:25 pm ICT by IANS
Islamabad, Jan 30 (IANS) Pakistan's central bank has warned the government that its borrowing has touched an alarming level while its reluctance to pursue tough economic reforms could hinder efforts to achieve ... Read more...
Posted in South Asia |
Pak shelves flood-hit areas reconstruction due to funds shortage over transparency issues
January 25th, 2011 - 4:59 pm ICT by ANI
Islamabad, Jan 25(ANI): The Pakistan Government has decided against taking up major reconstruction and rehabilitation projects in the country's flood-hit areas during the current fiscal year, owing to a financial crunch and ... Read more...
Posted in South Asia |
PPP, PML-N set timeline for reform agenda implementation
January 21st, 2011 - 2:05 pm ICT by ANI
Islamabad, Jan 21(ANI): The ruling Pakistan People's Party and the major opposition party, Pakistan Muslim League-N, have registered progress in their joint effort to face the economic challenges and resolve conflicting political ... Read more...
Posted in South Asia |
166 booked in Pakistan for Rs.30bn tax evasion
December 24th, 2010 - 2:40 pm ICT by IANS
Islamabad, Dec 24 (IANS) Cases have been filed over the past year against 166 tax defaulters who collectively owe a staggering Rs.30 billion to the Pakistani exchequer, a minister said.Finance Minister Abdul ... Read more...
Posted in South Asia |
Pakistan Army seeks $525 mn additional funds (Lead)
December 15th, 2010 - 3:45 pm ICT by IANS
Islamabad, Dec 15 (IANS) The Pakistan Army has sought an additional Rs.45 billion (about $525 million) to meet security requirements, an official said.Prime Minister Yousuf Raza Gilani's economic team, led by ... Read more...
Posted in South Asia |
Pakistan Army seeks Rs.45bn additional funds
December 15th, 2010 - 2:28 pm ICT by IANS
Islamabad, Dec 15 (IANS) The Pakistan Army has sought an additional Rs.45 billion to meet security requirements, an official said.Prime Minister Yousuf Raza Gilani's economic team, led by Finance Minister Abdul ... Read more...
Posted in South Asia |
Pak will pay “heavy price” over failure to meet international commitments: Finance Min
November 24th, 2010 - 6:38 pm ICT by ANI
Islamabad, Nov 24 (ANI): Pakistan would be required to pay a "heavy price" for failing to meet international commitments, Finance Minister Hafeez Shaikh said on Tuesday.Speaking at a meeting of the Senate ... Read more...
Posted in South Asia |
Reformed sales tax bill tabled in Pakistan Senate
November 23rd, 2010 - 9:49 pm ICT by IANS
By Awais Saleem
Islamabad, Nov 23 (IANS) Despite stiff opposition from allied parties and the opposition, the Pakistan government Tuesday tabled the reformed general sales tax (GST) bill in the Senate after it ... Read more...
Posted in South Asia |
“Corruption blooming in Pak due to lack of good governance”: Gilani
November 16th, 2010 - 5:29 pm ICT by ANI
Islamabad, Nov 16 (ANI): Corruption has been flourishing in Pakistan due to the lack of 'good governance', Prime Minister Yousuf Raza Gilani has acknowledged.Addressing the plenary session of the Pakistan Development ... Read more...
Posted in South Asia |
No cut in Pakistan’s defence expenditure: Kaira
November 12th, 2010 - 6:40 pm ICT by ANI
Lahore, Nov 12 (ANI): In the wake of external and internal challenges to Pakistan, there will be no cut in the nation's defence expenditure, Information and Broadcasting Minister Qamar Zaman Kaira has ... Read more...
Posted in South Asia |
Adnan Akmal to replace Zulqarnain for Tests against South Africa
November 9th, 2010 - 6:27 pm ICT by IANS
Karachi, Nov 9 (IANS) Pakistan's cricket selectors have decided to replace wicket-keeper Zulqarnain Haider, who fled Dubai fearing for his life, with uncapped youngster Adnan Akmal for the two-match Test series against ... Read more...
Posted in Sports |
Pakistani cricketer to play lead role in Namboothiri’s film
November 7th, 2010 - 5:34 pm ICT by IANS
Kannur (Kerala), Nov 7 (IANS) Noted filmmaker Kaithapram Damodaran Namboothiri has managed to pull a casting coup for his Malayalam directorial debut "Mazhavillinnatamvare" roping in Pakistani cricketer Mohammed Hafeez for the ... Read more...
Posted in Entertainment |
Loans worth Rs.62 bn written off, Pakistan court told
October 21st, 2010 - 12:34 pm ICT by IANS
Islamabad, Oct 21 (IANS) Loans worth over Rs.62 billion granted to top business firms had been written off over a 12 year period, the State Bank of Pakistan (SBP) told the ... Read more...
Posted in Business |
ADB provides 250 million dollars to help India turn tourism into growth, jobs driver
September 29th, 2010 - 3:05 pm ICT by ANI
Manila (Philippines), Sept.29 (ANI): The Asian Development Bank (ADB) is extending up to 250 million dollars to help India develop its tourism sector into a driver of sustainable and inclusive economic growth. ... Read more...
Posted in Business |
Pak, US asks media for explanation on ‘Cash to Pakistan missing’ report
September 28th, 2010 - 6:41 pm ICT by ANI
Islamabad, Sept 28 (ANI): Pakistani Finance Minister Dr Abdul Hafeez Shaikh has asked the country's media to give an explanation on the reports it published on September 25 alleging that 133 million ... Read more...
Posted in World |