Tag: Pakistan

KARACHI: The Chief Executive Officer of Pakistan Steel Mills has claimed that the Federal Investigation Agency would not harass dealers and assured safety if dealers engage in business with the mills.
Imtiaz Lodhi asserted this in a meeting with the dealers of Karachi, while he was trying his utmost to convince dealers to engage in business with the mills. The CEO said he would make sure that the FIA do not harass dealers and is ready to provide surety in writing.
However,

KARACHI: Several Indian exporters of raw cotton have withheld export orders of 0.5 million bales of cotton, placed by Pakistani textile manufacturers, sources informed Pakistan Today on Wednesday.
As the price of raw cotton in India has ramped up by about 30 percent, Indian exporters were reluctant to meet orders, many of which were arranged before global cotton prices swelled, given by Pakistani textile manufactures and importers, said sources.
Under international

WASHINGTON: The CIA's expanding operations in Pakistan have taken "a serious toll" on the Al-Qaeda network, the spy agency director, Leon Panetta, has told US media.
But he said it remained unclear whether the effort had prevented a possible terror plot against European cities, the Los Angeles Times quoted him as saying Tuesday.
Referring to stepped up operations, Panetta said the effort is "taking a serious toll" on Al-Qaeda's capabilities. "The basis for that increased

ISLAMABAD: Perturbed over the inclusion of civil nuclear deal in Pakistan's agenda for the Pak-US strategic dialogue, the Obama administration asked the government in Islamabad not to raise the vital issue during the parleys prior to the commencement of the dialogue but Pakistan would still bring up the issue.
"Owing to its concerns over nuclear proliferation, the US told Islamabad days before the commencement of the strategic dialogue that any discussions on the Pak-US nuclear

LAHORE: The Obama administration is giving final touches to a security assistance package totalling $2 billion over five years to help Pakistan fight extremists on its border with Afghanistan.
The aid is expected to be announced later this week when officials are in Washington to hold high-level strategic talks, US officials and diplomatic sources told CNN. The package aims at addressing the country's insistence that it does not have the capability to go after terrorists and

ISLAMABAD: The National Assembly Standing Committee on Interior was informed on Monday that there was no Blackwater in the country. Additional Secretary Interior Asif Nawaz Warriach told the committee, which met here at Parliament House with Abdul Qadir Patel in the chair, that the ministry had no information which confirmed presence of Blackwater in Pakistan.
However, when the Chairman committee Abdul Qadir Patel asked the Additional Secretary Interior Asif Nawaz Warriach "Are

KABUL: Al Qaeda chief Osama Bin Laden is living comfortably in a house in Kurrum Agency close to his deputy al-Zawahiri, CNN on Monday quoted a NATO official as saying.
The report claimed that Bin Laden was being protected by local people and "some members of the Pakistani intelligence services". "Nobody in Al Qaeda is living in a cave," the unnamed senior NATO official is quoted as saying.
Meanwhile, Interior Minister Rehman Malik denied Bin Laden, Zawahiri or even Mullah

KARACHI: Japanese General of Karachi, Masaharu Sato, at a certificate distribution ceremony, expressed that Kaizan is imperative for the world and believed it can help Pakistan achieve numerous goals and objectives.
Sato informed the ceremony that the Kaizan technique is appropriate for any area, and helps individuals improve their careers, while corporations and industries can enhance their services and product output.
He said adoption of principles of Kaizan could

Pakistani book stall in India successfully concludes
Books displayed by Pakistan Academy of Letter gain recognition
Conference on Faiz Ahmed Faiz to be organised in February 2011
LAHORE
A book stall set up by the Pakistan Academy of Letters (PAL) in New Delhi, for the Commonwealth Literary Meet and Book Fair 2010, successfully concluded, said the PAL members. PAL Chairman Fakhar Zaman said that such conferences and book fairs helped in smoothing the peace process

Pakistan should learn from Germany and realize the power of unity, says Honorary Consul Anees ur Rehman,
"Germany and Pakistan have gone through strife regarding the situations in our respective countries, but together we must learn to grow together, and together we must share our experiences and learn from them"
Dr Michael Koch, German Ambassador
LAHORE
The German ambassador, on Wednesday, highlighted the need for Germany and Pakistan to grow together, in a

ISLAMABAD: The state oil and gas corporation, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) will jointly bid to acquire British oil giant British Petroleum's (BP) assets in Pakistan.
Official sources indicate this decision was made during a recent meeting of the OGDCL board. The management of the company was directed to immediately appoint a specialist consultant firm to prepare a bid for BP assets in Pakistan. The British petroleum giant

ISLAMABAD: Pakistan cotton dealers facing record domestic prices are concerned about deals for nearly one million bales after India stopped registering cotton exports.
Pakistani traders say any cancellation of Indian contracts or even delays in shipments would have serious consequences for the textile industry, which accounts for about 60 percent of the country's total exports.
Textile firms in the world's third largest cotton consumer have looked to neighbouring India,

ISLAMABAD: Pakistan and Russia have finally decided to enhance their economic and trade cooperation after a limbo of 25 years.
Board of Investment (BOI) Chairman, Saleem H. Mandviwala and Russian Ambassador, Budnik Andrey made this announcement at a joint news conference here on Wednesday.
The Russian Ambassador said Russia considered Pakistan as a key player for economic development in the region.
"We want to develop our economic cooperation with Pakistan" he said.

Govt mobilizing indigenous resources to respond to the devastating floods
EU grants enhanced market access to Pakistani products
PM says economic development and peace in South Asia dependent upon resolution of Kashmir dispute
ISLAMABAD
Prime Minister Syed Yusuf Raza Gilani has said that Pakistan is looking forward to a positive response from the Forum of Friends of Democratic Pakistan (FoDP), especially in the aftermath of the devastating

KARACHI: India is working on a mega industrial project that could corner Pakistan in its regional trade and investment in the coming years.
The project called Delhi-Mumbai Industrial Corridor (DMIC) requires $200 billion worth of investment, and where as India is investing $13.4 billion from its own pocket, the rest is funded from loans and investment worth $184 billion by 27 leading countries in the world.
Details gathered by Pakistan Today revealed that the Delhi-Mumbai

The anti debt campaigners in Pakistan called on the donor countries as well as the international financial institution (IFIs) to cancel all foreign debt of Pakistan owed to bilateral and multilateral creditors besides an immediate freeze on foreign debt repayments of Pakistan, here on Sunday.
Talking to the media at Lahore press club, the Campaign for Abolition of Third World Debt (CADTM) international member for Belgium Stephanie Jacquemont, who is currently visiting Pakistan to

Pakistan has the highest rate of breast cancer for any Asian population in the world. Breast cancer accounts for 38.5 percent of all female cancers, making it the most frequent malignancy in women. It claims 40,000 lives each year. Due to lack of information on breast cancer in Pakistan, only advanced cases are reported. An early diagnosis of the condition increases a patient's chance of survival by 90%. In the effort to mark October as the breast cancer awareness month Warid has