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News for Tuesday, 17 Jan 2012

Perception hurts foreign investment in country

Rising risk perception about investing into Pakistan is hitting hard the Foreign Direct Investment (FDI) that fell sharply in recent months and needs to be tackled through a comprehensive policy...

Political uncertainty multiplies equity investors woes

Political developments, like Supreme Court’s recent contempt of court order to the prime minister, are making life difficult for fund managers investing in Pakistan stocks, observed analysts. This contempt of...

Ministry circumvents court orders, imposes LPG surcharge

Federal government has imposed a Petroleum Development Levy on locally-produced LPG with effect from Monday, according to an official notification. The new tax is expected to raise retail prices by...

Ajmal’s best bowling in Tests

Saeed Ajmal recorded his best bowling performance in Test cricket by taking seven wickets for 55 runs on the opening day of the first Test match against England at Dubai...

Pakistan, Afghanistan agree to enhance bilateral trade to $5 billion by 2015

Pakistan has assured Afghanistan of resolution of blockade of Afghan containers containing perishable items and fuel within next ten days, as both countries agreed at the two day joint economic...

George Clooney quits drinking

Actor George Clooney has decided to quit drinking because of health reasons. The 50-year-old, who won the Golden Globe award for best actor for his performance in ‘The Descendants’, pledged...

Cop act: It’s Salman v/s Shah Rukh yet again!

We guess the year 2012 has great entertainment in store for us. Especially for Salman Khan and Shah Rukh Khan’s diehard fans. Filmmaker Gautham Vasudev Menon, who is currently busy...

Coal Gasification to meet country’s energy demands

The country can easily meet the expected demands of around 2200 MMCFT gas by 2015 through the “Underground Coal Gasification (UCG) Project” through the investment of only over $1 billion....

Police van crushes man to death

A speedy police van crushed a motorcyclist to death and injured two others injured in Rawalpindi on Tuesday. According to details, three employees of a shopping centre were going...

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