President's visit: China to announce $500 million support
China has once again come up to Pakistan's expectations to prove itself as Islamabad's time-tested friend by agreeing to place $500 million to support balance of payments more...
(BR)

Power crisis to persist for two years: Pepco
Despite Wapda’s plans to increase its power generation capacity, loadshedding would continue for at least two years, Director-General of the Pakistan Electric Power Company (Pepco) Tahir Basharat Cheema said on Sunday more... (BR)

New industries to be set up for reducing unemployment: Prime Minister
Prime Minister Syed Yousuf Raza Gilani on Saturday said that a comprehensive policy will be formulated to ensure setting up of new industries to generate employment opportunities in the country more... (BR)

Nisar Khuhro, Shehla Raza elected unopposed
Pakistan People’s Party candidates Nisar Ahmad Khuhro and Shehla Raza were elected unopposed as speaker and deputy speaker of the Sindh assembly on Sunday more... (D)

Balochistan MPAs take oath today
The first session of the Balochistan Assembly will be held here on Monday at 11am with the only agenda being oath-taking by newly-elected members more... (D)

Pressure on Bush to refocus on Pakistan
Speaker and majority leaders of both chambers of the US Congress have sent a letter to President George W. Bush asking him to disengage the United States from Iraq and refocus on Pakistan and Afghanistan more... (D)

Assets management companies: investment in mutual funds may be made mandatory
The Securities and Exchange Commission of Pakistan (SECP) is likely to make it mandatory for asset management companies (AMCs) to retain certain minimum investment in the funds, as was approved by the policy board in its meeting on March 4 more... (BR)

Askari Bank chief executive: SBP rejects Hoti's appointment
The State Bank of Pakistan has declined to give approval for the appointment of M K Hoti as President and Chief Executive of Askari Bank Limited. The Chairman of the Board of Directors, and the Chief of Army Staff have been informed of the decision more... (BR)

Market rises to record high at 15,472 points
HE Karachi Stock Exchange100-share index last week firmly maintained its rally and analysts said it was steadily moving to its next target of 16,000 levels, which did not appear to be an elusive goal more... (BR)

General insurance profits up by 102 percent
Despite a high growth of 26 percent, witnessed in net claims due to turmoil following the assassination of Benazir Bhutto, the non-life insurance sector's profit grew by 102 percent in the year 2007 on the back of capital gains booked on investments more... (BR)