Tag: Rise

ISLAMABAD - Robberies and car-theft are on the rise in the federal capital, increasing from three and seven cases of robberies and car-theft last week to 9 and 10 this week. Police has registered cases against carjackers and robbers who have snatched cars and other items from the citizens, causing losses worth millions, while the police have not been able to trace a single culprit, sources said.
In the last week Secretariat and Shalimar Police registered 2 cases of car-theft and

ISLAMABAD - Exports of textile and food groups have registered considerable growth during the first eight months of the current year, surging by 28.67 percent and 18.28 percent respectively.
Textile exports, during July-February (2010-11), were recorded at $8.637 billion against exports of $6.708 billion in the same period last year, Federal Bureau of Statistics reported. Similarly, food exports augmented during the period under review and stood at $2.465 billion compared to

LAHORE - The increase in Federal Excise Duty (FED) by 150 percent to 2.5 percent on items already subjected to one percent duty would further surge automobile prices in Pakistan. The special excise duty has been levied to generate additional revenue in three months. This move will further burden buyers of locally manufactured automobiles as manufacturers will be forced to raise prices.
Indus Motor Company (IMC) has announced that, following the government move; price of Corolla

KARACHI - Though there has been a consistent decline in Pakistani exports to the United States of America (USA) in the last three years, export value during six months of current financial has appreciated by 18 percent to what the sources attribute to an increase in cotton prices.
Furthermore, according to export receipts at State Bank of Pakistan (SBP) the export value to top 10 countries in the Americas have risen to $2.40 billion during July to December 2010 against the $2.0

SANAA - Heavy gunfire was heard south of the Yemen capital on Monday and soldiers deployed in force in Sanaa itself, with a new wave of rallies reported across the country demanding that President Ali Abdullah Saleh quit.
The impoverished Arabian Peninsula state has been shaken by weeks of protests that have undermined Saleh's 32-year grip on power, with the president appearing increasingly willing to deal more violently with his many opponents. Seven demonstrators have died in

ISLAMABAD - Despite having national plans for HIV/AIDS and tuberculosis (TB) control the number of patients are increasing manifold as 30 new cases of Human Immunodeficiency Virus (HIV) and 4,366 confirmed cases of TB were reported from all over the Pakistan during December last year. These figures have been revealed by FAFEN an NGO in its monthly Health Scan, a report based on the compilation of data of the cases of a selection of diseases collected by the Offices of Executive

BEIJING - China announced a renewed double-digit hike in military spending on Friday after funding slowed last year, but insisted the nearly $92 billion outlay posed no external threat despite concerns abroad. The defence budget will rise 12.7 percent in 2011 to 601.1 billion yuan ($91.7 billion), said Li Zhaoxing, spokesman for China's national parliament, citing a budget report to be submitted to the rubber-stamp legislature.
"China has always paid attention to controlling the

ISLAMABAD - China was once a sleeping dragon but recently it had started "shaking" the world with its robust economy, flourishing civilization and rich culture that derived its strength from Confucianism, Professor Doctor James Eldin Reed, an internationally recognised historian and educationist said on Tuesday.
In his keynote speech at a seminar on "The Rise of China in the Historical Perspective" organized here by the History Department of Quaid-i-Azam University (QAU) in

KARACHI - Monetary expansion in the country continues to be on the higher side owing to a couple of factors, including the higher net foreign assets (NFA) and ever-increasing government borrowings from the banking system. The provisional data released by the State Bank of Pakistan (SBP) on Tuesday reveals that Broad Money (M2) witnessed a robust growth of 8.06 percent or Rs 465.663 billion in value terms during July 1 to February 19, 2010-11.
It shows a growth of Rs 218.54

KARACHI - Tax collection, in the country, has surged by 11 percent during first seven months of the current fiscal year, official sources revealed on Monday.
Pakistan has long been under fire with economic observers, at home and abroad, equally critical of less than nine percent Tax to GDP Ratio that, critiques say, is lowest in the world and should, therefore, be increased by extending the tax net particularly to untaxed segments like agriculturists and affluent class.