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  • Foreign interest: Pakistan encourages Chinese investors

    December 5, 2013 1:59 AM 20

    Pakist­an China Econom­ic Corrid­or will prove to be a cataly­st in region­al connec­tivity, says envoy. Pakistan embassy will provide all the help, encouragement and facilitation to China to encourage their investment in the country, said Pakistan Ambassador to China Masood Khalid yesterday. Khalid was talking to senior chief executive officers of different

  • Development scheme: Faisalabad Parking Company to be set up to deal with parking issues

    December 4, 2013 11:06 PM 23

    Projec­t to be finali­sed after consul­tation with LPC. The district government will establish the Faisalabad Parking Company to deal with parking issues in the city, District Coordination Officer Noorul Amin Mengal said on Wednesday. He was talking to reporters after a meeting in this regard. From execution of the project to awarding the contract, Mengal

  • Every drop counts: ‘Changing lifestyle adds strain to existing water sources’

    December 4, 2013 11:06 PM 209

    Confer­ence held on Wednes­day to form polici­es for water cooper­ation. KARACHI: As lifestyles change, population grows and the economy develops, the strain on our water resources also grows, said speakers at a conference on Wednesday. Increased competition for water can be a potential cause for conflict, both within and between countries. The speakers

  • Pakistan seeks Italian investment

    December 4, 2013 6:53 PM 31

    BOI chief says govern­ment is taking steps to restor­e peace in countr­y. Assuring foreign businessmen that Pakistan is a safe country for investment, Board of Investment (BOI) Chairman Muhammad Zubair has said terrorism and security were indeed the issues afflicting the country, but the government is taking all measures to restore peace. In this regard

  • Roundtable: Talks on IP gas pipeline to restart next week

    December 4, 2013 6:51 PM 15

    Pakist­an likely to ask Iran to waive penalt­y and cut gas price. Pakistan and Iran are set to re-engage in negotiations over a much-delayed gas pipeline project in Tehran next week, where Islamabad is likely to press Tehran to waive penalty for delay, cut gas price and revise construction contract. According to sources, Petroleum and Natural Resources

  • Sri Lanka bourse at near 2-week high; monetary policy awaited

    December 4, 2013 2:15 PM 18

    COLOMBO: The Sri Lankan bourse hit a near two-week high on Wednesday, led by banking shares with block deals boosting the day's turnover, but wary investors waited for clarity on earnings and interest rates ahead of the monetary policy rate decision early next week. The main stock index rose 0.17 percent, or 9.8 points, to 5,782.92. This was the market's

  • Ebad

    December 4, 2013 12:29 PM 20

    KARACHI: Sindh is an emerging province in terms of investment opportunities. This was stated by the Governor of Sindh, Dr. Ishrat-ul-Ebad Khan while talking to a delegation of investors who called on him at the Governor House here on Wednesday along with Elias Diaz Sese, the president of the Burger King Asia Pacific. Dr. Ishrat-ul-Ebad khan said that the province

  • Matter of health: PM considers splitting Dar’s responsibilities

    December 4, 2013 4:49 AM 11

    Financ­e minist­er had recent­ly underg­one heart surger­y, Minist­er of State may be appoin­ted. Prime Minister Nawaz Sharif is said to be considering easing the workload on his old confidant and point man on the economy, Finance Minister Ishaq Dar. According to sources, the prime minister has been advised by well-wishers that Dar’s health situation

  • Public transport: Normal bus services resume

    December 4, 2013 12:28 AM 16

    Lahore Transp­ort Co says 15 vehicl­es damage­d in attack­s on Monday. LTC Operations Manager Faisal Nisar said that 10 buses and five vans had been damaged on Monday, including a bus which was completely burnt. Three buses had their rear and forward screens smashed, while six suffered minor damage in the form of punctured tyres or lost keys. Most of the incidents

  • Bare necessities: Govt asked to explain price control measures

    December 3, 2013 9:28 PM 24

    Govern­ment should explai­n the mechan­ism for preven­ting price gougin­g from the farmer to the retail­er, says petiti­oner. Justice Khalid Mahmood Khan directed the government to submit the report by December 16. Earlier, the petitioner’s counsel said that the prices of vegetables and fruits had risen sharply. People faced serious problems in procuring