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State Bank sees improvement in some macroeconomic indicators

March 31, 2016 – 12:00 am | No Comment

Karachi: State Bank of Pakistan has today released its Second Quarterly Report for FY16 on the state of Pakistan’s Economy. According to the Report, improvements in some of the macroeconomic indicators are reflected in subdued CPI inflation; adequate FX buffers; stable exchange rate; low current account deficit despite a …

Three die, one injured in traffic mishaps

March 31, 2016 – 12:00 am | No Comment

KARACHI: Three persons, including a child were killed and one other was injured in different road accidents in the metropolis on Thursday.
According to rescue sources, a teenager, Ibad Khan, aged about 18, son of Akhtar Ali, died after being hit by a speeding vehicle on Banaras Flyover in SITE area. …

Disabled T20 Pentangular Cup commences April 2

March 31, 2016 – 12:00 am | No Comment

Karachi: Pakistan Disabled Cricket Association (PDCA) is organizing Shama Disabled T-20 Pentangular Cup 2016 from April 2 here at National Stadium, UBL Sports Cricket Ground and Rashid Latif Cricket Academy in Gulberg.
Five teams, namely, Sindh, Punjab, Balochistan, FATA and Khyber-Pakhtunkhwa will be seen in action during the tournament.
The tournament will …

Solar technology answer to power crisis

March 31, 2016 – 12:00 am | No Comment

Karachi: The Government envisions overcoming the severe energy crisis through application of renewable energy especially solar energy technologies. The Government in accordance with the Federal Policy for Development of Renewable Energy 2006(Revised in 2009) Framework and various other general, fiscal and financial incentives has initiated work to foster renewable energy …

PRGMEA demands withdrawal increase in EOBI share

March 31, 2016 – 12:00 am | No Comment

KARACHI: Arshad Aziz, Acting Chairman (South Zone) Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in a statement he has strongly criticized and condemned the recent exorbitant increase in the shares of contribution by EOBI.
It is injustice that the EOBI has suddenly increased the EOBI shares of contribution with effect …

More dengue cases in Karachi

March 31, 2016 – 12:00 am | No Comment

KARACHI: As many as 12 more dengue viral fever cases have been surfaced from Karachi in a week, taking the number of the detected cases to 325 in the city since 1st January 2016.
As per the weekly report issued by Dengue Prevention and Control Program Sindh at least 12 …