Tag: Major

Five hundred diesel buses will connect the major cities of interior Sindh to Karachi and the project has been included in the ADP 2011-12,...

There was no let-up in lengthy bouts of load shedding and scorching heat across most of the country, which served to deepen the people’s...

ISLAMABAD - As the energy crisis in the country continues to worsen, the government finally decided on Sunday to revamp the oil and gas sector by sacking all managing directors of various companies operating under the Ministry of Petroleum and Natural Resources.
This, among a number of other decisions, was taken at a meeting between Prime Minister Yousaf Raza Gilani and Senator Dr Asim Hussain, who was appointed Adviser to the Prime Minister on Petroleum earlier on Sunday night.

LAHORE - Punjab Chief Minister Shahbaz Sharif has stated that the government has created a favorable atmosphere for investment in the province and granting major facilities to investors in this regard. He noted that an autonomous investment board has been set up for facilitating the investors.
He urged the Punjab Investment Board (PIB) that besides encouraging local investors, it should also offer maximum incentives to foreign investors for cooperation in various sectors and

LAHORE - Sui Northern Gas Pipelines Limited (SNGPL) was facing a huge gap between demand and supply of natural gas because of the shortage of supplies from major gas fields on account of depletion of gas fields in the southern part and sabotage in the northern areas, said a press statement released on Thursday. In order to bridge the gap and ensure uninterrupted gas supply to domestic and commercial consumers, load management was being exercised on the fertiliser, industrial and

KARACHI - The KSE 100 index witnessed yet another day of correction with major oil, fertiliser and banking stocks taking a heavy pounding. The bourse lost 61 points with volumes of 46 million shares over IMF's concerns that a delay in structural reforms program could pose a severe threat to the country's macroeconomic situation.
The KSE-100 index closed at 11734.72 losing 61.37 points and total volume stood at 29,573,103 with the total value of 1,973,213,529. Fertiliser scrips

TOKYO - A second major aftershock measuring 6.3 rocked northeast Japan on Tuesday, swaying buildings in central Tokyo, shortly after the government upgraded its nuclear crisis to that on par with Chernobyl in 1986.
The latest aftershock struck the area of Fukushima, near the crippled Daiichi nuclear plant, said the Japan Meteorological Agency. A 6.3 aftershock hit Chiba prefecture, neighbouring Tokyo, earlier on Tuesday.

KARACHI - The prices of petroleum products are likely to see a major upward revision in the month of April as the government is likely to pass on the impact of rising crude oil prices to consumers.
Assuming that the government does not tinker with the petroleum levy amount, price of HSD and MS should be increased by Rs 7.59 per liter and Rs 4.73 per liter, respectively.While the levy on HSD is currently negligible at just Rs 0.44 per liter, any increase in it to accommodate a

KARACHI - Standard Chartered Bank (SCB) has successfully closed Rs 600 million two- year finance facility to Tameer Micro Finance Bank Limited (TMFB) under the State Bank of Pakistan's (SBP) Micro Finance Credit Guarantee Facility (MCGF) launched under the DFID Funded Financial Inclusion Programme.
This is the largest ever bilateral facility to any micro finance institution under the MCGF scheme. The signing ceremony held at Standard Chartered Pakistan Head Office in Karachi was

KARACHI - The alleged cross-contamination of edible and inedible cargoes at local seaports is posing not only a health hazard to consumers, but is also hurting Pakistan's image as an exporting country in the market.
According to well placed sources, the Port Qasim Authority (PQA), in a sheer violation of international best practices, is allowing the "simultaneous" handling of edible and inedible exportable and imported commodities at Port Qasim.
They said the vessels,

MOGADISHU - Somalia's pro-government forces Tuesday closed in on bastions of the insurgent Shebab group, mounting their largest coordinated effort in years to wrest back the country from Al Qaeda-inspired rebels.
The offensive started last week with a major battle in Mogadishu that saw government troops reclaim large swathes of the capital, where the government had long been confined to a few blocks by the sea.
But government troops and their allies have in recent days

KARACHI - Pakistani women are talented and can play a major role in the socioeconomic development of the country, which is why the PPP government is committed towards empowering them through better education. PPP Women Wing Sindh Information Secretary Sharmila Farooqui said this on Sunday before leaving for the US to attend the 'Year of Empowering Women and Girls through International Exchanges' programme to be held in Washington under the aegis of the State Department in connection

ISLAMABAD - Lack of trust in one another remained a major hurdle, as the opposition parties, which gathered at a dinner hosted by JUI-F chief Fazlur Rehman on Friday night, failed to chalk out a clear strategy against the PPP-led government despite agreeing that it had not been able to resolve any of the several crises faced by the country. The MQM's presence in the brain-storming session was considered a significant development, but other parties suspected the sincerity of the PPP's

PESHAWAR - A three-day immunisation campaign against polio is scheduled to start in Khyber Pakhtunkhwa (KP) and the tribal areas (FATA) on March 7 with an aim to make the society free polio.
More than 4.9 million children in Khyber Pakhtunkhwa and 1.071 million in FATA would be vaccinated during the drive, KP Health Minister Sayed Zahir Ali Shah said while addressing a one-day workshop organised by the Expanded Programme on Immunisation (EPI) in collaboration with the UNICEF and

KARACHI - Public and private companies, listed at the country's stock exchanges, have undertaken major managerial reshuffles, Pakistan Today has learnt. A change in board of directors and other managerial positions have occurred in Pakistan International Airlines (PIA), Fauji Fertiliser Bin Qasim Limited (FFBL), Jahangir Siddiqui and Company Limited (JS) and Al-Khair Gadoon Limited (AKGL).
PIA informed its shareholders, at the country's three bourses in Karachi, Islamabad and

ISLAMABAD - A major change in the cabinet is in the offing in accordance with the government's plan to right-size it under the devolution process, Information Minister Qamar Zaman Kaira said on Saturday.
As alarm bells rang when a private TV channel reported that the federal cabinet was being reshaped, the government, called the report speculative with Kaira saying no such decision had been taken. "It's all speculative ... no decision has been taken to dissolve the cabinet," he

LAHORE - The Lahore High Court, whose approved strength of judges is 60, will face shortage of 28 judges after Judicial Commission (JC) recommended removal of 10 out of 34 additional (adhoc) judges questioning their judicial skills.
Sources told Pakistan Today that judicial commission termed the appointments of the expelled additional judges as based on political consideration or favoritism. "The respective judges could not show good performance at their judicial work and the