Pakistan figures above regional countries on economic freedom index

Islamabad- According to the latest worldwide Index of Economic Freedom, Pakistan has greater economic freedom than other major regional economies. The index shows Pakistan's economic freedom score is 55.6 and the economy is 121st freest in the 2015 Index. The country's score has increased by 0.4 ...

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  • Pakistan can benefit from growing demand of halal food

    , By Our Staff Reporter

    LAHORE  -  Chicken will be the most consumed meat all over the world by 2030 as compared to beef, mutton and other meats as it has less cholesterol and fats with high quality protein.“A protein consists of 23 amino acids and the poultry is the only meat which comprises such amino ...

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  • Dollar further dips against rupee

    , By Our Staff Reporter

    KARACHI : Dollar further dipped against rupee in money market on Wednesday. Dollar was traded highest at Rs 101.40 in open market.According to the details provided by the Forex Association of Pakistan, dollar traded at lowest rate of Rs 100.90 and highest rate of Rs 100.96 in interbank while it was ...

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  • Apple iPhone sales trample expectations as profit sets record

    , By Reuters

    San francisco - Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 per cent rise in China sales, powering the company to the largest profit in corporate history.The company sold 74.5 million iPhones in its ...

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  • Wapda workers protest against privatisation

    , By Online

    ISLAMABAD : Thousands of Wapda Workers held a mass protest and sit-in in front of National Press Club and marched to Parliament House on Wednesday against privatisation.The protest was held under the aegis of All Pakistan Wapda Hydro Electric Workers Union along with  Engineers Association and ...

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  • FPCCI starts working on budget proposals

    , By Our Staff Reporter

    LAHORE - The Federation of Pakistan Chambers of Commerce and Industry President Mian Adrees has said that FPCCI has always highlighted business community’s issues at all forums. It has a very clear stance on construction of large water reservoirs, high markup rate, high banking spread, ...

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  • PSC starts sale of affordable hybrid corn seeds

    LAHORE  - Punjab Agriculture Minister Dr Farrukh Javed has congratulated Punjab Seed Corporation MD Khaqan Babar and his team for introducing hybrid corn seeds in the market. He also advised the corn farmers to sow only PSC’s seeds for getting bumper crop in May.Talking to media after ...

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  • corporate corner

    HEC to introduce Britsh Council’s AC in 42  universitiesLAHORE (PR): Higher Education Commission Pakistan will introduce Britsh Council’s Active Citizen Programme (ACP) in 42 universities of Pakistan and in the coming years all universities will be implementing ACP in the ...

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  • Tesco closes 43 unprofitable outlets

    , By Web Monitoring Desk

    Thousands of Tesco workers have been warned their jobs are at risk after the troubled supermarket chain announced the names of 43 stores facing closure. Seven superstores and six Homeplus outlets are among the 'unprofitable' shops that will be axed by new chief executive Dave Lewis, which could ...

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  • Ministry, K-E at loggerheads over 650MW issue

    , By Atif Khan

    ISLAMABADDespite expiry of agreement between K-Electric and Ministry of Water and Power to supply 650 MW electricity from NTDC, on January 25, the power supply is still continued. Energy starved Ministry of Water and Power is lobbying to discontinue supply, whereas K-Electric is exerting political ...

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  • Japan provides $19m for ports security, Lahore water system

    , By Imran Ali Kundi

    ISLAMABADJapan and Pakistan on Wednesday signed two agreements under which Japanese Government extended a grant $19 million to the GoP for improvement in security arrangements in Port Qasim, Karachi Port and energy saving in water supply system in Lahore.Japanese Ambassador, Hiroshi Inomata and ...

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  • Petrol crisis causes: Minister repeats old story in NA body’s ...

    , By Our Staff Reporter

    ISLAMABAD Federal Minister of Petroleum Shahid Khaqan Abbasi on Wednesday apprised the National Assemble Standing Committee on Petroleum that the main contributing factors in petrol growth are exponential increase in two wheeler population, CNG non-availability and use in generators due to ...

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  • Korean help sought for IT Park

    , By Our Staff Reporter

    ISLAMABAD Ambassador of Korea Song Jong Hawan called on the Minster of State for IT&T Ms. Anusha Rahman at her office on Wednesday.The Minister referred to the friendly ties between Pakistan and Korea and emphasised the need for further strengthening cooperation between the two countries. She ...

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  • KSE sheds 152pts on institutional profit-taking

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    KARACHI Profit-taking was seen at local bourse amid futures rollover and disappointed results from POL and ATRL. The benchmark KSE-100 Index shed 151.59 points or 0.44pc to close at 34,386.86 points level on Wednesday. POL December earnings were below expectations while payout 150pc remained ...

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  • newsbrief

    Aptma terms delay in textile policy as lack of govt interestKARACHI (Staff Reporter): A delay in approval of much-awaited textile policy 2014-19 is actually reflecting the lack of interest of the federal government in promoting and protecting the major export-oriented sector. Concern was shown by ...

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  • Power shortfall decreases to 2,950MW

    ISLAMABAD (APP):  The power shortfall in the country on Wednesday decreased to 2950 MW as the total generation was recorded at 9,550 MW against the total demand of 12,500MW at 1100 hours. According to the data released by National Transmission and Dispatch Company (NTDC), the hydel generation ...

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  • Apple breaks all records with biggest quarterly profit

    , By Web Monitoring Desk

    Beijing- US technology giant Apple has reported the biggest quarterly profit ever made by a public company. Apple reported a net profit of $18bn in its fiscal first quarter, which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, according to Standard and Poor's. Record sales ...

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  • ­Electricity crisis to be resolved till 2017: Dastgir

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    RAWALPINDI - The persisting energy crisis and menace of extremism are the biggest problems in Pakistan that also creating hurdles in the way of national development."The ongoing electricity crisis will be resolved till 2017 and to overcome gas crunch first LNG terminal will also be completed in ...

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  • Uzbek ambassador visits PBIT

    , By Our Staff Reporter

    Lahore - Ambassador of Republic of Uzbekistan Parviz M. Aliev, accompanied by Second Secretary of Uzbek Embassy Zafar Akhmedov, visited the office of Punjab Board of Investment and Trade (PBIT). The Minister Industries Chaudhry Muhammad Shafique welcomed Ambassador on behalf of Chief Minister ...

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  • Nespak wins contract of 15 dams in KSA

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    LAHORE - The National Engineering Services Pakistan, a multinational and globally competitive state-owned enterprise of the government, has been awarded a new contract for the supervision of 15 small dams’ project in Jezan, Najran and Aseer regions in the Kingdom of Saudi Arabia (KSA) by the ...

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  • Pharma sector shows reservations on Drug Pricing Policy draft

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    KARACHI - Lack of a functioning regulatory environment conforming to international standards, leads to a failure in articulating a policy where prices are adjusted in a predictable and transparent manner is the main impediment to the growth of the pharmaceutical industry.This was stated by Arshad ...

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  • Affectees of Anarkali fire still waiting for payments

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    Lahore - The affectees of Anarkali fire incident, which had claimed over a dozen precious lives but also incurred loss of over Rs. 63 million to the traders, are still waiting for compensation payments.A delegation of Anarkali fire incident affectees on Tuesday met with the LCCI president Ijaz A ...

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  • SBP issues guiding principles on fairness of service charges by banks

    , By Our Staff Reporter

    KARACHI - State Bank of Pakistan has issued guiding principles on fairness of service charges levied by banks. The instructions set forth 9 overarching principles which will apply on service charges effective from 1st July, 2015.It is imperative that fairness and transparency in determining charges ...

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  • IPR violations causing significant financial loss: OICCI

    , By Our Staff Reporter

    KARACHI - Overseas Investors Chamber of Commerce (OICCI) has congratulated the Prime Minister for appointing the members of the Intellectual Property Organization of Pakistan (IPOP) Policy Board which had been pending since the enactment of the IPOP Act in 2012. The newly formed Policy Board has ...

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