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  • Minister to lobby for GSP plus in Eastern Europe

    November 22, 2013 9:57 AM 26

    ISLAMABAD: In what appears to be a self-contradiction, the ministry of commerce has said to have launched a fresh round of economic diplomacy to ensure a favourable majority in the European Parliament for the grant of generalised system of preferences (GSP) plus facility for Pakistan. Top officials of the ministry had said at a press conference on Nov 6 that the GSP plus scheme

  • Vision Pakistan 2025 plan to be finalized by December’s end

    November 22, 2013 9:35 AM 32

    ISLAMABAD: Minister for Planning and Development Ahsan Iqbal on Friday said the eleventh five-year development plan and the long-term Vision 2025 would be finalized by the end of December after thorough consultation. The Minister said in his address at the consultative meeting for Vision Pakistan 2025 held at the Convention Centre here, with Prime Minister

  • US dollar eases against the yen

    November 22, 2013 9:08 AM 37

    November 22 2013 at 12:33pm By SAPA Tokyo - The US dollar eased against the yen in Asian afternoon trade Friday after getting a boost on strong US jobs data, which bolstered speculation the Fed will soon begin a rollback of its monetary easing scheme. The greenback bought 101.03 yen in Tokyo after jumping to 101.39 yen earlier in the day, against 101.16 yen in New York Thursday

  • ECC approves framework to regulate NGOs

    November 22, 2013 3:06 AM 18

    ISLAMABAD, Nov 21: The Economic Coordination Committee of the cabinet on Thursday approved a policy framework for regulation of non-governmental organisations (NGOs) receiving foreign contributions to ensure transparent utilisation of funds and streamline their activities. Presided over by Finance Minister Ishaq Dar, the meeting was informed that the Economic

  • Ahsan for focusing on value addition in agriculture

    November 22, 2013 2:04 AM 28

    RAWALPINDI - Federal Minister for Planning and Development Ahsan Iqbal stressed the need for focusing on value addition, as the country has still commodity-based economy and no attention has been given towards value addition. He said this while addressing as chief guest at International Seminar on “Saemaul Undong and Economic Development” to celebrate

  • Jatoi

    November 21, 2013 10:08 PM 28

    RAWALPINDI: National Policy on Privatization with focus on giving impetus to sell state enterprises running in losses would be announced soon, said Federal Minister for Industries and Production Ghumlam Murtaza Jatoi here on Thursday. "All state owned production units especially running in losses would be privatized at a rapid pace - this would be the focal

  • US stocks rise, shrugging off mediocre retail earnings

    November 21, 2013 9:16 PM 29

    NEW YORK CITY: US stocks moved higher in early trade Thursday, shrugging off some disappointing earnings from big retailers. About 40 minutes into trade, the Dow Jones Industrial Average advanced 71.92 points (0.45 percent) to 15,972.74. The broad-based S&P 500 rose 8.28 (0.46 percent) to 1,789.65, while the tech-rich Nasdaq Composite Index tacked on 29.19 (0.74 percent)

  • Karachi strike: Pillion riding banned for 24 hours

    November 21, 2013 8:55 PM 34

    The ban has been impose­d to ensure securi­ty during protes­t demons­tratio­ns in Karach­i on Friday. KARACHI: Sindh government imposed a ban on pillion riding in Karachi on Thursday for 24 hours, Express News reported. Express News correspondent Shah Waliullah said that the measure was taken to ensure security in Karachi on Friday. Religious groups

  • PIA inducts two B737-800 – The Express Tribune

    November 21, 2013 8:41 PM 23

    Pakistan International Airlines (PIA) has inducted two Boeing 737-800 aircraft on wet lease into its fleet, giving its capacity on shorter routes within the country and to the Middle East region a much-need boost, the carrier said on Thursday. Two more of these narrow-body aircraft will join PIA’s ageing fleet by end of the month. The aircraft have been inducted

  • Peddling guavas: Police seize 31 kilos of heroin in Karachi

    November 21, 2013 7:21 AM 33

    Heroin - concea­led in a box of guavas - was found on a Pak Busine­ss Expres­s train which came to Karach­i from Lahore. KARACHI: Police seized 31 kilogrammes of heroin from the Cantt Station in Karachi, Express News reported on Thursday. The heroin was found in a case of guavas on a Pak Business Express train during a search operation. According to reports