Govt revises fuel prices, petrol price hiked by Rs 1.48 per litre
From the month of December 2017 the government increased prices of petroleum products. According to notification, the price of...
Drone strike killed three in Kurram Agency
At least three people were killed in a drone strike at a hideout of Taliban commander in Kurram Agency ...
US Embassy to lead Pakistani delegation on power generation
Economic Counselor of US Embassy William Laitinen will be leading a delegation of Pakistani government and business officials to...
Intelligence Bureau updates its “Most Wanted” list
The Intelligence Bureau,  recently acquired  Rs. 1.4 billion from the federal government for the procurement of  manpower, gadgetry and other resources to rebuild the organization. The bureau has put the resources to good use and updated its first-ever list of most wanted criminals who have been responsible for the... Read more
Japan finds fraudulent steps in ‘breakthrough’ stem cell paper
Japan’s top research body on Tuesday accused the lead writer of stem cell papers hailed as a game-changer in the field of medical biology of misconduct involving fabrication. Two papers published in the scientific journal Nature in January detailed simple ways to reprogram mature animal cells back to an... Read more
SE Asia declared  polio-free
Southeast Asia has been declared officially free of polio. The World Health Organization (WHO) delivered the good news after India successfully recorded three polio-free years. Southeast Asia is the fourth of six regions to be declared polio-free after North and South America, the Western Pacific, and European regions. With... Read more
Antonio Floro Flores, Italian Soccer Player, Offers To Adopt Abandoned Baby
Though he already has three kids of his own, Italian soccer player Antonio Floro Flores is hoping to add another child to his family.. Floro Flores was apparently struck by the story of how the baby boy was left in a railway car, and contacted authorities to see if... Read more
SC orders Pesco to collect Rs17b from K-P consumers
The Supreme Court on Tuesday ordered Peshawar Electricity Supply Company (Pesco) to collect Rs17 billion in fuel adjustment charge (FAC) from Khyber-Pakhtunkhwa (K-P) consumers’ within ten months. A three-member bench of the apex court, headed by Chief Justice of Pakistan Tassaduq Hussain Jillani, suspended an earlier judgment of the... Read more
$109m paid to IMF

$109m paid to IMF

Business April 2, 2014 0

Pakistan on Tuesday paid 30th installment amounting SDR71 million equivalent to US$109 million to the International Monetary Fund (IMF) under its standby arrangement (SBA) facility. State Bank spokesperson said a total of SDR4.591 billion ($7.010bn) has so far been repaid to the IMF since July 2011. Of this amount... Read more
50 steel units closed in Lahore, Gujranwala due to Energy Crisis
The high cost of energy as well as power loadshedding have led to the closure of at least 50 steel melting units alone in Lahore and Gujranwala, resulting into the total loss of Rs 975.5 million per month to the government. Chairman of the Steel Melters Association Mian Saeed... Read more
Johnny Depp promotes “Transcendence” in China
Hollywood heartthrob Johnny Depp was in Beijing on Monday to promote his new movie “Transcendence” and he wowed excited fans at a red-carpet event in the city’s 798 Art District. He also showed off a diamond engagement ring- indirectly confirming rumours of his engagement to actress Amber Heard. While... Read more
West Indies Blew us in 5 overs
Pakistan team coach Moin Khan Wednesday said his team was blown away in the last five overs by the West Indies, costing them a place in the World Twenty20 semi-finals. The West Indies blasted 82 runs in the last five overs to recover from a struggling 84-5 in the... Read more
Would You Pay $400,000 For A Fiberglass Camel In Pakistan? The State Department Would‏
The State Department plans to spend $400,000 to place a fiberglass statue of a camel staring at the eye of a giant needle at the U.S. embassy being built in Islamabad, Pakistan.. Even as the U.S.’s debt continues to spiral out of control The work titled “Camel Contemplating Needle,”,... Read more
Russian annexation of Crimea: NATO ‘responds’
NATO orders military planners to boost defences and reassure nervous eastern European countries. NATO says it is also suspending military and civilian co-operation with Russia over its annexation of Ukraine’s Crimea region. The ‘tough response’ comes as foreign ministers of the 28-nation alliance met for the first time since... Read more
Senior Chinese army officer made millions of Dollars by “selling” posts
A senior Chinese army officer is accused of selling hundreds of military positions, raking in millions of dollars, sources with ties to the leadership or military said, in what is likely China’s biggest military scandal in two decades. In a renewed campaign on graft, Chinese President Xi Jinping has... Read more
Afghan forces seize tonnes of explosives
Afghan security forces have seized more than 22 tonnes of explosives, enough to make hundreds of bombs, the interior ministry said on Tuesday, four days before a presidential election. Taliban insurgents have declared war on the elections (scheduled for April 05) calling them a Western-backed sham and threatening to... Read more
Kim Jong-Un threatens to ‘crush U.S. hostility’
North Korean leader Kim Jong-Un has warned that “his nation will not tolerate the “hostility” caused by the United States’ policy.” He blamed Washington for the current tensions between the two Koreas. In a meeting with top military leaders on Tuesday, Kim blamed the United States and South Korea... Read more