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News for Wednesday, 20 Apr 2011

Government yet to pay Rs 101b in dues to HUBCO

KARACHI - Whereas economic managers seem overwhelmed by the current improvement in external accounts, the country's ailing economy is still haunted by the lingering circular debt issue that, the analysts...

Pay-raise takes toll on ailing economy

KARACHI - Ill planned policy announcements made by the federal and provincial governments during the current fiscal year which critics allege are politically-motivated have started taking a toll on ailing...

KPT sold land for 10 paisa/square yard in 1980s, PAC told

ISLAMABAD - The Public Accounts Committee was informed on Wednesday that Karachi Port Trust (KPT) sold its precious land at the throwaway price of 10 paisa per square yard to...

Heavy buying boosts KSE

KARACHI - Heavy buying on the part of local institutional investors helping the KSE-100 index gain 146 points at the close of trading. Healthy earnings expectation in index heavy OGDC,...

PPP demands removal of Shahbaz Sharif

LAHORE - PPP's Opposition Leader in the Punjab Assembly Raja Riaz on Wednesday demanded the removal of Punjab Chief Minister Shahbaz Sharif for being "incapable" and letting bad governance touch...

OGDCL workers occupy MD office, 60 arrested

ISLAMABAD - Islamabad Police on Wednesday arrested around 60 employees of Oil and Gas Development Company Limited (OGDCL) after they occupied their managing director's office while protesting against non-payment of...

Doctors threaten to resign

QUETTA - The Balochistan chapter of Pakistan Medical Association Wednesday threatened that all the doctors working at government-run hospitals would tender their resignations in protest over the abduction and murder...

Gas outages bring fertiliser industry on the verge of collapse

ISLAMABAD - Persistent gas shortages and unilateral decision of gas utility companies to curtail feedstock gas supplies to urea plants, for a fortnight per month, have brought fertiliser industry on...

Swat elders condemn Asma, laud army’s role

MINGAWARA - Expressing satisfaction over the role of armed forces in flushing away militants and restoration of a peaceful atmosphere in Swat Valley, elders from different politico-social groups have shown...

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