Mobile firms lagging behind in relief work

More than a dozen of multinational mobile companies operating in Pakistan and earning billions of rupees from 80 million subscriber Pakistanis, are not showing that spirit which was exhibited by these companies in relief activities during the earth quick of 2005. Officials in Pakistan telecommunication authority (PTA) and in information technology (IT) ministry told THE [...]

‘India delaying finalisation of TAPI deal’

Pakistan has accused India of delaying the finalisation of the deal on Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, to cost over $7.5 billion, sources close to Hilal A Raza, Managing Director of Inter State Gas System (ISGS), told. India has already stepped out of the Iran-Pakistan (IP) gas pipeline deal after getting civil nuclear technology from [...]

Pakistan loses Rs 250b crop production

According to sources the preliminary crop damage estimations provided by SUPARCO more then Rs 250 billion on Thursday, while officials fear the loss would multiply in coming days considering the dangers floods are posing. The federal government constituted six teams which were given the mandate of damage assessment of crops within one week have failed [...]

Loss to agriculture

According to preliminary flood damage report, crops on around 1.72 million acres have been damaged in Punjab. The province reported losses in 22 districts, with Muzaffargarh being worst hit at around 400,000 acres followed by Rajanpur with 350,000 acres. As far as crop-wise damages are concerned, cotton took the biggest hit with 860,356 acres. Fodder [...]

Pakistan coal deposit richer than ME oil reserves

Member Science and Technology of Planning Commission of Pakistan Dr Samar Mubarakmand said Friday that the magnitude of Pakistan’s coal deposit is several times more than total oil reserves of Saudi Arabia, UAE, Iran and Iraq.

Iran to approve Pakistan gas deal this week

Iran hopes to finalise a deal this week for a much-delayed pipeline to export natural gas to Pakistan by 2015, an energy official said on Sunday. 

Pakistani businessmen welcome at Sixth Kashghar Fair: China

China welcomes all Pakistani businessmen who wish to attend the Sixth Kashgar South and Central Asia Commodity Fair, Chinese Ambassador Luo Zhaohui said on Friday.

Textile sector likely to bear loss of Rs 30 billion monthly

According to All Pakistan Textile Mills Association (APTMA) and Pakistan Yarn Merchants Association (PYMA), the NA Standing Committee on Textile’s decision, on imposition of three month’s restriction on piling yarn and raw cotton stocks, will adversely affect these important sectors of the economy.

President stresses need to enhance trade ties with Africa

President Asif Ali Zardari has stressed upon the need to enhance trade relations with the African countries to realize their real potential keeping in view vast population of the African continent and the market opportunities available there.

Spain backs Pakistan bid for more access to EU markets

Extending complete support to Pakistan’s bid for increased access to European Union markets, Spain on Wednesday vowed to enhance bilateral ties in all spheres.

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