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SC will take up missing persons case soon ISLAMABAD: Acting Chief Justice of Pakistan Justice Javed Iqbal said the case of missing persons will be taken up by the apex court soon. Talking to newsmen after taking oath, Justice Javed that majority of missing people were recovered on court’s...

BHC takes suo moto notice of Baloch leaders killing QUETTA: Balchoistan High Court (BHC) took the suo moto notice of murder of Baloch leaders. According to sources, Chief Justice Balochistan Sanaullah Yaseen took the suo moto notice of killing of Baloch leaders and issued notices to...

Pakistan still attractive for FDI, say experts ISLAMABAD: Experts believe that Pakistan remains an attractive place for foreign direct investment (FDI) despite the global downturn and the impact on FDI inflows to Pakistan would be less severe compared to other countries. Pakistan will not...

Punjab expects record wheat yield LAHORE: The Punjab Agriculture Department expects 17.9 million tons of wheat production this year. But these are initial figures, and the department thinks they can go up to 18.3 to 18.5 million tons. According to figures finalised by department’s Crop...

Hidden assets: FBR proposes new valuation benchmarks ISLAMABAD (April 09 2009): The Federal Board of Revenue (FBR) has proposed new valuation benchmarks for unexplained and undeclared immoveable property covering open plot, agricultural land and constructed immovable property for taxation...

Computer industry witnesses 50 percent decrease in business ISLAMABAD (April 09 2009): The computer industry has witnessed over 50 percent decrease in its retail/vendors business, following recent terrorist attacks in various parts of the country, says latest computer sector data issued here...

THE RUPEE: dollar higher KARACHI (April 09 2009): Falling trend was seen on the currency market on Wednesday as the rupee failed to retain its overnight levels due to strong demand for dollars, dealers said. On the interbank market the rupee was down against dollar, losing seven paisa for...

ARL to build clean autofuel secondary units SINGAPORE (April 09 2009): Attock Refinery Ltd (ARL) will start erecting a new 12,400 barrels per day (bpd) diesel hydrotreater and an isomerization unit at its refinery before end-June to produce cleaner autofuels, an industry source said on...

Siemens rolls out first local transformer of 220KV KARACHI (April 09 2009): The first locally manufactured 220 KV transformer rolled out of Siemens Industrial complex in SITE on Wednesday. This was a landmark moment for the power industry not only in Pakistan, but the entire region, a senior...

Pakistan to participate in fruit, vegetable show in London MULTAN (April 09 2009): Pakistan will be among a large number of countries participating in World Fruit and Vegetable Show taking place in the British capital in October this year, Syed Zahid Hussain Gardezi President of Mango Groweres...

Rice exports increase to $1.55 billion KARACHI (April 09 2009): The countrys rice exports have increased to $1.55 billion in the current fiscal year from July 2008 to April 05, 2009. "Despite financial crisis, global economic recession and heavy competition in the international markets due to...

Textile sector earnings grew 23 percent in first half of fiscal year 2009 KARACHI (April 09 2009): Textile sector of Pakistan depicted strong earnings growth of 23 percent in the first half of FY09 as compared to the corresponding period last year. The composite sector, which accounts for...

SECP decision leads to panic selling KARACHI (April 09 2009): Panic selling was witnessed at Karachi share market after the SECPs decision to discontinue CFS MK-II and deliverable futures products and the benchmark KSE-100 index declined by 295.58 points (3.87 percent) to close at 7,340.30...

Government to implement uniform power tariff for all consumers ISLAMABAD (April 09 2009): Advisor to Prime Minister on Finance Shaukat Tarin said on Wednesday that government would impose tax on stock market, real estate and agriculture sectors in the next three years to broaden the tax-base...

Stabilising border region: Pakistan urges $30 billion Marshal Plan WASHINGTON (April 09 2009): Pakistan has called for a $30 billion Marshal Plan to bolster socio-economic development of people as a way to wipe out al Qaeda threat in the Pak-Afghan border region and help win hearts and minds of...

Nine schemes of AJP underway in Balochistan ISLAMABAD (April 09 2009): Work on nine schemes in various districts of Balochistan is in progress under Access to Justice Programme (AJP) and a number of schemes under the same programme have already been completed. According to Access to Justice...

Traders exchange goods worth Rs 1.7 million across LoC ISLAMABAD (April 09 2009): Traders of Azad Jammu and Kashmir and occupied Kashmir exchanged trade goods worth Rs 1,727,010 on Wednesday. According to Kashmir Media Service, for the first time since the trade started, the traders of both the...

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Government approves Iran gas pipeline ISLAMABAD: After years of delay and recent differences over the price of gas, the federal cabinet on Wednesday cleared the way for the $7.5 billion Iran-Pakistan-India (IPI) pipeline project by accepting price purchase formula offered by Iran. The...