Pakistan keen on resolving all disputes with India, says Yousaf Raza Gilani Pakistan wants a "negotiated settlement of all issues with neighbour India", Prime Minister Yousuf Raza Gilani has said. "We believe in friendly relations with all the neighbouring countries in the region. We want negotiated settlement of all issues with our neighbour India," Gilani […]
Federal Board of Revenue still unclear on Hummer’s classification Federal Board of Revenue (FBR) is yet to make a decision whether General Motors signature car, Hummer, be classified as a luxury or commercial vehicle. According to the law, taxes levied upon imported vehicles vary as per their category. If a car is classified as a […]
Nov 15 2011 | Posted in
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North America’s business magnate, the most successful and one of the richest people in the world, Warren Buffett and his company, Berkshire Hathaway, both went on shopping this week. However, these were not some ordinary purchases. Buffett purchased 5.5 percent stake in International Business Machine (IBM) out of his own pocket; he disclosed the agreement […]
Nov 15 2011 | Posted in
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Finally, the much awaited agreement for the supply of natural gas was signed between the officials of Pakistan and Turkmenistan on Monday. The gas import agreement is a part of the $ 7.6 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which is a follow-up of the inter-government agreement signed by the four neighbouring countries in December […]
Nov 15 2011 | Posted in
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Pakistani government official has announced that the authorities will renegotiate the price agreement for the import of natural gas with the government of Iran shortly. An import agreement has been recently signed between the two countries for the supply of 750 million cubic feet per day (MMCFD) of natural gas by 2014. A $3.6 billion […]
Nov 15 2011 | Posted in
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Shoddy Canal system causes 40% wastage in Punjab Old and tawdry watercourses and canals have caused clean water wastage of 40 per cent in Punjab, leading to loss of agricultural productivity, says an official engaged in water management. An engineer at the Water Management Department of Faisalabad, Khalid Mahmood, said Personals associated with farming bussniess […]
Nov 14 2011 | Posted in
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Pakistan |
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Latest statistics show that China’s economy is experiencing a hard landing. When the numbers were crunched earlier this month, the results were appalling as the month of October showed a massive downfall in the inflation rate and lack of demands on the retail front. The inflation rate had been wrongly aired at 16 percent last […]
Nov 14 2011 | Posted in
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As per the reports released by the State Bank of Pakistan, Telecommunication and broadband operators have registered a 30% dip in the revenue generation, during the first quarter of the fiscal year 2011-2012, Jul.-Sept. 2011, compared to last year’s same period. Telecommunication sector accounted for a total of $34.6 million compared to last year’s earnings […]
Nov 14 2011 | Posted in
Business,
Pakistan |
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Pakistani government official has announced that the authorities will renegotiate the price agreement for the import of natural gas with the government of Iran shortly. An import agreement has been recently signed between the two countries for the supply of 750 million cubic feet per day (MMCFD) of natural gas by 2014. A $3.6 billion […]
U.S. President Barak Obama pushes China to act like a grown up on trade and currency issues During a news conference at the annual Asia-Pacific Economic Corporation forum, the US president Barak Obama hard-pressed China to act more like a grown up economy on currency and trade issues. A day after the face to face […]
Sean Quinn of Quinn Group of Companies filed for bankruptcy in personal capacity earlier on Friday, November 11. If his application is accepted in Irish court of law, Quinn will be first billionaire to declare for personal insolvency in the aftermaths of 2008 financial ordeal. Once the richest businessman in the Republic of Ireland, took […]
Nov 12 2011 | Posted in
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Employees of the national carrier of the country, Pakistan International Airlines (PIA), have announced that they will have planned to go on a countrywide protest against the rapidly deteriorating conditions and erroneous policies of the company from the 18th of November. The call for protest was made by the action committee of the employees’ union, […]
