Javed Mahmood

  • TKARACHI - The Indian government suffered a loss of $410 million in its exports to Pakistan in 2008-09 because of the political tension that was magnified by Indians after the Mumbai tragedy. Details obtained by The Nation reveal that during 2008-09 Pakistans imports from India dropped to $1.03 ...

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  • TKARACHI - WAPDA has sought $5 billion loan from the Asian Development Bank (ADB) for the construction of Diamer-Bhasha Dam. Chief Executive Officer, Bhasha Dam Project, Dr Izhar told TheNation that the ADB officials were willing to provide $2.50 billion for the project to WAPDA which has, however, ...

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  • TKARACHI - The Institute of Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed a complete ban on the import of luxury cars in the coming budget. In its budgetary proposal for 2009-10, the ICMAP suggested that luxury cars having 1600CC or above capacity should be banned ...

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  • TKARACHI - Secretary Sindh Environment Department on Thursday candidly admitted that the government has failed to enforce law in order to protect natural environment from the growing threats of pollution. Some local industries and other sectors are polluting environment of the City but whenever the ...

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  • TKARACHI - A three-day beach cleaning campaign was launched by the DHA on Tuesday. Administrator DHA, Karachi, Brig. Khalid Masood Tirmizi inaugurated the campaign. Hundreds of children belonging to DHA schools, especially DA Model Sea View participated in the beach cleaning drive with great zest ...

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  • TThe strategy being pursued actively by PPP leaders, especially President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani, to revive mutual trust and confidence and develop strong political relationship with the PML-N, is being seen a good omen for the country, economy and the government as ...

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  • TIt seems unbelievable and unimaginable for Pakistanis but it is on record and fact that India has vehemently supported Pakistan at the meeting of the International Monetary Fund in which the fund approved 7.60 billion dollars bail-out package for this country. During meeting, held in November 2008 ...

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  • TKARACHI - The International Monetary Fund mission is not coming to Pakistan due to security reasons and the fund would conduct the review of the economic performance of the country in Dubai. The IMF and the government teams are scheduled to meet in Dubai for 10 days to discuss the economic ...

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  • TKARACHI - Adviser to Prime Minister on Finance Shaukat Tarin has maintained that the general inflation would plunge to single-digit mark by year-end. He said that the inflation has already started tumbling during the past couple of months and it would drop to single-digit mark by November or ...

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  • TPakistanis prophecy and belief about the US policies towards Pakistan have come true after the oath-taking of Mr Obama. Before the US Presidential elections and after the victory of Barack Hussain Obama, the analysts and the people of the country were of the opinion that the US's policies towards ...

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  • TIranian government officials are foreseeing no major shift in the policy and approach of the United States towards Iran and the whole world after the arrival of Barrack Hussain Obama and his team in the White House. The President-elect of the United States is expected to take oath on January 20, ...

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  • TThese days political and diplomatic tension between Pakistan and India is at its peak and the clouds of war are hovering over the two arch rival countries. India has held Pakistan responsible for Mumbai bloodshed without giving solid proofs to Pakistan government and mounting maximum pressure to ...

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  • TKARACHI - Out of 129 companies that were traded at Karachi Stock Exchange on Tuesday, the value of about 84 companies shares has declined to less than 10 rupees per share. A cursory glance over the current prices of 84 companies' shares shows that there are 43 companies whose shares value has ...

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  • TDuring the past three days over a dozen people had been shot dead mercilessly in Karachi while over 100 have sustained injuries because of infighting between the famous ethnic parties in the financial capital of Pakistan. The ethnic parties are blaming each other for ongoing and intensifying ...

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  • TPakistan's most respected, favourite, popular philanthropist and renowned social worker Maulana Abdul Sattar Edhi has pledged to welcome millions of children whose parents are extremely poor and have no resources to fulfil the basic requirements of their loved-ones. Edhi proudly stated this last ...

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  • TThe federal government must be given some credit for bringing down the domestic fuel prices, effective from November 16, which is the third downward revision by the PPP government in last couple of months. The cut in the domestic fuel prices is still not at par with the international oil prices. ...

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  • TDespite an unabated spike in the flour prices, an inferior quality 'chaki atta' is being marketed in Karachi and other parts of the country as the authorities concerned are least interested in maintaining the quality of the most expensive flour. In Karachi the rate price of 'chaki atta' is in the ...

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  • TSince the formation of PPP government, the people in Karachi are hearing much hue and cry about the Talibanisation. For the MQM the real threat to peace in Karachi is the increasing Talibanisation, but for the opponents of the MQM, it is just a vicious propaganda. The common people in Karachi, ...

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  • TKarachi, the mega city of Pakistan, is in fact a city of mega-problems. The problems like water shortage, unscheduled load-shedding, street crimes, filth, environmental pollution, poverty, ethnic groups' infighting, uncountable platoons of mosquitoes, stink, poor transportation system, unemployment ...

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  • TOil marketing companies in Pakistan have amassed billions of rupees worth extraordinary profit from the consumers during the past few months from the sale of lubricants as they had not bothered to slash the prices of petroleum products despite a massive slump in their rates in the international ...

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  • TKARACHI - The construction of a number of important housing plazas had been launched in Karachi during the past few weeks. These real estate schemes had been kicked-off with a big fanfare at a time when the country is going through a variety of crisis that has stunned many people. Before the ...

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  • TAfter the recent tragic and gory bomb blast at Marriott Hotel in Islamabad, a sordid chapter of humiliation of the countrymen has started especially the passengers and the motorists in the name of security. Whenever a major incident of bomb blast takes place in any part of the country, we ...

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  • TKARACHI - The Asian Development Bank is set to provide 500 million dollars to Pakistan today (Tuesday) to support the country to stabilise its foreign exchange reserves and to meet its financial obligations, The Nation learnt on Monday. The ADB had made a commitment with the government to ...

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  • TKARACHI - The recent notification on effecting 30 per cent hike in the power tariff would ensue in depriving the consumers of a minimum of Rs 130 billion a year. This financial burden on the electricity consumers would be in addition to the impact of increase in sales tax and withholding tax on ...

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  • TKARACHI - The economy of the country had embraced another setback as the trade deficit had widened to 20.75 billion dollars during 2007-08 against the initial budgetary estimate of 13 billion dollars. In monetary term the trade deficit in FY08 had edged up by 7.182 billion dollars when ...

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  • TKARACHI - The consumers must be ready to face major electricity shocks in 2008-09. By June 2009, the minimum tariff of electricity is being seen at 16-18 rupees per unit that means over 200 per cent increase in the tariff within a year as the government is in a mood to phase out subsidy on ...

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  • TKARACHI - The consumers are set to bear more major oil shocks this year as the Federal Government appears in a mood to incorporate further substantial increase of Rs 40 per litre in the price of diesel and Rs 30 in kerosene oil price in phases by December 2008. Meanwhile, the domestic prices of ...

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  • TKARACHI - Dr Shamshad Akhtar, Governor State Bank of Pakistan, has said that SBP is launching a ten-year Financial Sector Strategy with an explicit objective to help country achieve higher and sustainable economic growth; develop a dynamic, robust and stronger banking system; mobilise the domestic ...

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  • TKARACHI - Pakistan had received 1.337 billion dollars in last few days that have stabilised the fast-depleting overall national foreign exchange reserves above 11 billion dollars, TheNation learnt on Sunday. During the last few days the United States had transferred 374 million dollars to ...

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  • TKARACHI - The provincial governments have crippled the powers of the Local Governments (LGs), causing hurdles in continuing the Devolution Plan. Six years after the launching of the Devolution Plan, the provincial governments are not fully prepared to devolve power to local governments. For ...

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