Misc.

Lahore: Giyan Foundation and Heinrich Böll Stiftung is organizing Interfaith Peace Conference and celebrating the launching ceremony of National Peace Song on 8th July, 2011 at Ali Institute, Lahore and the event shall start at 06:00p.m. In this event we have invited member of political parties, Minister of Interfaith Harmony, NGOs known personalities, Writers and Scholars. We are attaching invitation card for your information regarding the guests of the event. The objective of the song and conference are to unite [...]

Islamabad: The Competition Commission of Pakistan (CCP) Bench comprising of Chairperson, Ms. Rahat Kaunain Hassan, Member, Ms. Vadiyya Khalil and Member, Dr. Joseph Wilson, passed an Order on June 29, 2011 in respect of the proceedings initiated against Engro Vopak Terminal Limited (EVTL) and Port Qasim Authority (PQA) for entering into a prohibited agreement in violation of Section 4 of the Act, whereby a penalty of Rs.10 Million has been imposed on Engro Vopak Terminal Limited (EVTL) for its failure [...]

Karachi: The Karachi Electric Supply Company has expressed surprise and concern over a strange incident in which the villagers of areas behind Gharo Grid Station installed illegal electricity supply infrastructure and insisted the utility to energize it. Upon KESC’s refusal, they went to the extent of interrupting power supply to the Gharo Water Pumping Station which disturbed water supply to the City. Claiming that they had strong political backing, the culprits daringly owned illegal and unauthorized PMT and the cable [...]

Peshawar: A new Pakistan army offensive against militants in Kurram Agency in the northwest has sent thousands of people fleeing on trucks, vans, tractors and other vehicles; aid agencies are trying to map out a response. “The operation has been launched to clear the area of terrorists involved in acts of terrorism, including kidnapping and killing of local people, suicide attacks and blocking the road that connects Lower Kurram with Upper Kurram,” military spokesman Maj-Gen Athar Abbas told the media [...]

Karachi: Mr. Richard C. Smith, the Australian Special Envoy for Afghanistan and Pakistan, and Mr. Tim George, High Commissioner of Australia visited the Karachi Stock Exchange on Friday, July 1, 2011, along with Ms. Nicola Rosenblum, First Secretary and Mr. Tahir Mahmood, Team Leader, Agribusiness and FMCG, Australian Trade Commission. They were welcomed by Mr. Muneer Kamal, Chairman KSE and Mr. Nadeem Naqvi, Managing Director KSE. The two sides discussed issues of mutual interest and cooperation in attracting investment into [...]

Islamabad: July 5, 1977 is a black day in Pakistan’s political history when a dictator overthrew a democratically elected government of Shaheed Zulfiqar Ali Bhutto and plunged the country into darkness of martial law for eleven-long years. Had the people’s will been respected and their government allowed to serve them, Pakistan must have become politically and economically a great power both in the region as well as beyond. The multiple challenges facing the country today owe themselves to lack of [...]

Islamabad: Working in conjunction with the Federal Board of Revenue, the Securities and Exchange Commission of Pakistan, through the Finance Act 2011-12, got the taxation regime for capital markets, corporate and non-banking financial sectors reformed. The SECP’s strategy encompasses continuation of reforms in the capital markets and corporate sector, deepening of structural reforms through removal of anomalies constraining economic activity, and to provide a level playing field to all the stakeholders, recommended various amendments to the 2001 Income Tax Ordinance, [...]