Islamabad: Over the course of the monsoon season in July and August, 2010 Pakistan experienced the worst floods in its recorded history. Heavy rainfall caused flash and reverine floods, disrupting livelihoods of nearly 20 million people of Pakistan, destroying/damaging approximately 1.8 million homes and affecting 2.4 million hectors of cropped land. This flood mostly hit the poor households, which do not have savings or assets to sell to finance their own livelihood recovery efforts. Hence, they were in need of [...]

Islamabad: The Federal Minister for Finance Dr. Abdul Hafeez Shaikh, while presiding a meeting here today, has discussed the progress of different sections of Gawadar Link Road to Ratodero. He emphasized the importance of this project regarding the economic prosperity of our country and said that Gawadar Port Project is vital for the upliftment of desert areas and coastal lines of Balochistan. The projects that were discussed in details are of different sections of Gawadar Ratodero Link Road: 1. M-8: [...]

Islamabad: Federal Minister for Finance Dr. Abdul Hafeez Shaikh, Minister for Railways Mr. Ghulam Ahmad Bilour, Minister for Labour and Manpower, Syed Khurshid Shah sat together here in Islamabad to bring out solution for the recuperation of Pakistan Railways. They deliberated at length the overall redressal of financial requirements of the Pakistan Railways, agreed to initiate action in this regard and discussed the restructuring process of it through hiring consultants for the comprehensive restructuring plan. Among others who attended the [...]

Islamabad: The Federal Minister for Finance and Economic Affairs Dr. Abdul Hafeez Shaikh has approved proposed amendments in the Chartered Accountants Ordinance 1961. The approval he accorded in the meeting was called by the Institute itself to bring about the • Professional Standards compliance more effective by empowering the Council. • The Institute to call for information and records in cases of Quality Assurance work. • Improvement in Governance of the Institute . • Some aspects of the profession with [...]

Islamabad: A Chinese bus manufacturing company, Photon Motors Company, would sign an MoU with the Sindh Government on Saturday for provision and operations of 2000 CNG buses in the city. This was informed during President’s meeting with a Chinese delegation of Photon Motors Group-a commercial vehicle manufacturer of China— headed by its Deputy President Mr. Ye Zhaoyou that called on him at Aiwan-e-Sadr today. The delegation of Photon Motors Group included Mr. Zhang Jun, Global Marketing Director of Photon AUV [...]

Islamabad: President Asif Ali Zardari has said that it was important that the toils and hard work of our scholars and eminent historians are not only preserved but are also duly appreciated and merited so that when history is progressively recorded for our coming generations, it is done objectively and there is no chance of historical oblivions, deviations or misinterpretations. He said this during a meeting with eminent scholars of history of Pakistan Movement here at Aiwan-e-Sadr today. The meeting [...]

Islamabad: Ch. Anwar Ali Cheema, Federal Minister for Production, has stated that the Ministry of Production is following the policy of merit in all of its affairs in order to promote efficiency of precious national assets like Heavy Mechanical Complex (HMC) and Pakistan Steel Mills (PSM). “Corruption, inefficiency and indiscipline will be tolerated at no cost”, the Minister said while presiding over a meeting of the Board of Directors of HMC, here in Islamabad. The meeting was held to review [...]