2011 November : AsiaNet-Pakistan

Archive for November, 2011

Morning Briefing for November 30, 2011 – Standard Capital

[ 0 ] November 30, 2011 |

Karachi: Discount rate will be slashed given sluggish economic indicators There is a strong probability that State Bank of Pakistan (SBP) shall further decrease interest rates from present level of 12%. According to Standard Capital, Standard Capital has already indicated that interest rates can come to a level of 10% (in 5‐6months) just to spur […]

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Wapda likely to get exempted from hydel power cess

[ 0 ] November 30, 2011 |

Karachi: The government has decided to exempt the Water and Power Development Authority (Wapda) from hydro power cess payable to the Indus River System Authority (IRSA) while it also plans to recall an earlier notification sent to Wapda for imposing a charge of PKR 0.5/unit electricity produced from water. The Council of Common Interests (CCI) […]

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ECC to impose complete ban on company fitted CNG kits

[ 0 ] November 30, 2011 |

Karachi: The Economic Co-ordination Committee (ECC) of the cabinet is likely to impose a complete ban on company fitted CNG kits/cylinders in locally manufactured vehicles in order to discourage the increasing demand of CNG for automobile consumption and to ensure availability of gas for the households. According to Alfalah Securities Limited, The Ministry of Petroleum […]

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KSE approves listing of SME’s, having paid up capital less than PKR 200 mn

[ 0 ] November 30, 2011 |

Karachi: The Karachi Stock Exchange (KSE) has approved a Small Medium Enterprises (SME) board in a move to attract new listings of SME’s having paid up capital less than PKR 200 mn. According to Alfalah Securities Limited, in order to facilitate these listings, the KSE board has decided to charge a lower listing fee and […]

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Micro insurance a must for poverty alleviation

[ 0 ] November 30, 2011 | General Business News

Karachi: It is a recognized fact that without servicing the insurance requirements of low-income people, the risks to economic development are not safeguarded. This has also been proved by the recent floods in Pakistan where in the absence of proper insurance coverage, the economic losses suffered by the masses had a very adverse effect on […]

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12 outlaws arrested; wine and weapons seized

[ 0 ] November 30, 2011 | Government Institutions

Islamabad: Islamabad Police on Tuesday arrested twelve outlaws from various areas of the cities for their alleged involvement in drug peddling, dacoities and recovered 19 wine bottles, weapons from their possession, a police spokesman said. ASI Haider Ali Shah from CIA police arrested five thieves involved in stealing gas kits of vehicles. These persons were […]

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105 absconders during last three weeks

[ 0 ] November 30, 2011 | Government Institutions

Islamabad: In a crackdown against those involved in crime of heinous nature, Islamabad Police arrested 105 absconders during the last three weeks and also arrested 26 gamblers along with stake money and other items, a police spokesman said on Tuesday. During the last few months, utmost efforts are being made to arrest proclaimed offenders and […]

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Ambassador of Tajikistan called on Chairman Joint Chiefs of Staff Committee

Rawalpindi: HE Mr Zubydullo Zubaydov, Ambassador of Tajikistan called on Chairman Joint Chiefs of Staff Committee (CJCSC), General Khalid Shameem Wynne and discussed matters related to mutual cooperation between the two countries. For more information, contact: Inter Services Public Relations (ISPR) Hilal Road, Rawalpindi, Pakistan Tel: +9251 927 1605 Fax: +9251 927 1601 Email: ispr@ispr.gov.pk

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Pakistan informs China about non-participation in Bonn Conference

[ 0 ] November 30, 2011 | Press Information Department

Islamabad: Pakistan’s Ambassador to China, Masood Khan has conveyed the Chinese Ministry of Foreign Affairs about his country’s federal Cabinet’s decision of not participating in the Bonn Conference on Afghanistan, says a press release received here today from Beijing. Pakistan Cabinet took this decision Tuesday in response to the NATO/ISAF attacks on Pakistani check posts […]

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Around Rs 1,200m to be invested in on-going development schemes

[ 0 ] November 30, 2011 | Press Information Department

Karachi: Seven on-going development schemes in the metropolis would be completed by February next year with a sum of Rs 1,200 million approximately. An official statement here on Tuesday said that Governor Sindh, Dr. Ishrat Ul Ebad Khan, presiding a high-level meeting at the governor House reviewed the progress of these scheme. The meeting also […]

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A meeting of the Inquiry Commission on Abbottabad Operation was held on 30th December 2011

[ 0 ] November 30, 2011 | Press Information Department

Islamabad: A meeting of the Inquiry Commission on Abbottabad Operation was held on 30th December 2011 in the Cabinet Division under the Chairmanship of Mr. Justice Javed Iqbal, Former Senior Judge of the Supreme Court of Pakistan and the President of the Commission. The meeting was attended by Mr. Abbas Khan, I.G ®, Mr. Ashraf […]

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Dr. Paul urges students to work for peace, interfaith harmony

[ 0 ] November 30, 2011 | Press Information Department

Islamabad: Adviser to Prime Minister for National Harmony Dr. Paul Bhatti has said the students are the hope of the nation and guarantee of the bright future of the country and urged them to work hard for the promotion of peace, interfaith harmony and economic uplift of the society. Dr. Paul expressed these views while […]

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