Chairman Sindh Board of Investment, Muhammad Zubair Motiwala said that huge potential exists for increasing cooperation between Government of Sindh and Iranian investors through Joint Venture Projects specifically in power & energy,…
India restored its power supplies on Wednesday after two days of massive outages that blacked out half the country, but fears remained that the grid could again collapse under the strain of…
North Korea Thursday staged a massive memorial service for Kim Jong-Il to end almost two weeks of official mourning, and formally declared his untested young son Jong-Un as the new supreme leader.…
A massive blackout caused by “human failure” left nearly 5 million people without power in parts of California, Arizona and Mexico on Thursday, and officials said many residents may be out of…
Israel expects a massive vote for the Palestinians when they seek membership of the United Nations next month, Haaretz newspaper on Sunday quoted Israel’s UN ambassador as saying. “Only a few countries…
New details have emerged of how two western hostages in Afghanistan were freed in exchange for a hefty ransom paid in Pakistan and the release of two brothers from a mafia-style Taliban-linked…
Prime Minister Yousuf Raza Gillani, a self confessed Aishwarya Bachan’s fan, poses a plethora of questions about Aishwarya Bachan to a visiting Indian delegation. As per details, the delegation asked how the…
SANAA – Huge rival protests split Yemen’s capital as security forces deployed in unprecedented strength for another Friday showdown on the streets between President Ali Abdullah Saleh’s backers and foes.
“I pledge… to sacrifice myself for the people, with my blood and with everything I hold dear,” Saleh said, thanking his supporters inside and outside Yemen in the face of two months of escalating protests calling for his ouster. Despite fears of an outbreak of violence, tens of
ISLAMABAD – The largest public sector entity in oil distribution, Pakistan State Oil (PSO) is facing mounting losses. The company owes Rs 138.541 billion compared to a receivable amount from direct payments of Rs 136.200 billion.
Different national institutions including power generation as well distribution companies have to pay the amount Rs 138.541 billion to Pakistan State Oil (PSO) out of which payment of Rs 117.494 million is due. According to sources in PSO, WAPDA, HUBCO,
KARACHI – Whereas the current politically-embattled government is facing the worst financial crunch, partly due to a narrow tax base, lack of a proper check on the provincial revenue-collecting departments is triggering seepage worth billions of taxpayers’ every year.
If taken as a case study, Sindh, the country’s revenue engine which contributes over 60 percent to the national kitty annually, had to face a loss of over Rs 3.639 billion tax money during the audit year 2008-09.
DUBLIN – Ireland’s ruling Fianna Fail party suffered a crushing defeat in the general election and the opposition Fine Gael party is set to lead the next government, according to an exit poll on Saturday.
Fine Gael, led by former teacher Enda Kenny, won 36.1 percent of the vote on Friday, its best result since November 1982 but not enough for a parliamentary majority, the Millward Brown Lansdowne poll for the RTE broadcaster showed. By contrast the Fianna Fail party of Prime
KARACHI -Rice exporters from Pakistan have been invited to participate in a big way in the first ever international rice exhibition, “Rice International Conference and Exhibition (RICE) Dubai 2011”, which will be held from May 9 to 11 at Madinatul Jumeirah, United Arab Emirates.
FAM Holding (a conglomerate in the UAE) Chairman Dr Faisal Ali Mousa, while addressing a press conference along with his representative from Pakistan, Asad Sajjad, said that the event would provide an
LAHORE – Zong’s Cricket Ki Jeet – a promotional campaign for cricket enthusiasts – has received an overwhelming response on its launch, even in the initial stage of the ICC Cricket World Cup 2011. Zong Marketing Head Salman Wassay said sports in general and cricket especially was very close to everyone’s heart and Zong focused on offering a special activity timed with one of the largest sporting events for Pakistan.
Zong’s special cricket transmission on a TV channel asks 10
AMSTERDAM – Pakistani kinnow has drawn enormous response during the 2nd Annual Pakistani Kinnow Exhibition, which was held in Amsterdam on the other day. The exhibition was jointly organised by the Commercial Wing of the Embassy of Pakistan and Pakistan Horticulture Development and Export Company (PHDEC), which was aimed at promoting Pakistani citrus in the Netherlands.
It was mainly a B2B event, which attracted more than 400 visitors, including buyers, traders and consumers. In
DUBAI – Pirates on Wednesday seized a supertanker off the coast of Oman bound for the United States carrying a crew of 25 and a load of more than 1.9 million barrels of oil, officials said. “We cannot contact the vessel,” an official with Enesel, the Greek company that manages the Irene SL, told AFP by telephone.
The tanker was carrying “about 270,000 metric tons” of Kuwaiti crude, which translates to over 1.9 million barrels of oil, he said, asking not to be named. The
JERUSALEM – Israel is to approve 1,400 new settler homes in east Jerusalem, media and the local council said on Sunday, defying pressure to halt settlement building that has stalled peace talks with the Palestinians.
The massive construction project will add homes to the annexed east Jerusalem settlement neighbourhood of Gilo and is expected to receive final approval from the district planning commission within days.
The project is likely to spark condemnation from the
BRISBANE – Australia’s third-largest city Brisbane resembled a “war zone” Thursday with whole suburbs under water and infrastructure smashed as the worst flood in decades hit 30,000 properties.
Shocked evacuees surveyed the damage after floods that have swept eastern Australia peaked about a metre (three feet) below feared levels around dawn, sparing thousands more properties in the besieged river city. Queensland’s tearful state premier Anna Bligh said relief was tinged with