LAHORE: Provincial Minister for Finance, Tanveer Ashraf Kaira has said that economic condition has been improved due to effective steps taken by the government. He said that the country is out of economic crisis and there is no danger of any default. The minister stated this while talking to a delegation of industrialists belonging to textile sector here on Saturday,says a handout. He said that President Asif Ali Zardari and his team of economists are working hard for the prosperity and progress of the country. He appreciated the announcement by the Managing Director World Bank to continue aid to Pakistan and said that aid of World Bank would be spent only for social and economic uplift. The minister said that Pakistan is the key route for approaching central and south Asian markets and local industrialists should focus on new regional markets.
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MULTAN: Two persons were killed and two others sustained injuries as a truck on Muzzafargarh road in Multan overturned on early Sunday, Geo News reported.Rescue efforts are underway; rescue sources said confirming, two of the victims, had died on the spot meanwhile the injured have been shifted to hospital.
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DERA GHAZI KHAN: Punjab Minister for Local Government Sardar Dost Muhammad Khan Khosa said Saturday, Dera Ghazi Khan bomb attack on mourners was aimed at dismantling Muslims communities and termed the plot a conspiracy netted to disrupt the peace and harmony of the area.He said this while chairing the meeting of peace committee at Commissioner Office Dera Ghazi Khan. Participants agreed upon taking strict action against extremist elements and vowed to extend fullest cooperation to government in discouraging fanatic figures.Except Commissioner Hassan Iqbal, scholars belonging to all schools of thoughts, representatives from District Bar and traders attended the meeting.
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KARACHI: The All Pakistan LPG Distributors Association has given an ultimatum to local producers of liquefied petroleum gas (LPG) to withdraw increase
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LAHORE: The number of knitwear exporting units has declined from 1,183 in 2005 to 840 in 2009 and the closed units include some of the most efficient
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ISLAMABAD: The World Bank plans to lend Pakistan $2 billion this year, the bank said in a statement on Saturday, as the South Asian country struggles
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KINGSTON: England slumped to a humiliating defeat by an innings and 23 runs after being skittled for 51 by West Indies on the fourth day of the first test on Saturday.Jerome Taylor ripped the heart out of England, a superb spell of pace bowling earning figures of five for 11 at Sabina Park, while spinner Sulieman Benn took four for 31.Andrew Flintoff was the only batsman to make double figures, hitting 24 as the visitors were routed for their third lowest total. West Indies had not beaten England in their last 16 meetings going back to a victory at Edgbaston in 2000. After the home team were bowled out for 392 in their first innings, securing a lead of 74 runs, England slid to 11 for two at lunch with Alastair Cook and Ian Bell the men out.Taylor, watched by triple Olympic champion and 100 metres world record holder Usain Bolt of Jamaica, produced a ”Lightning Bolt” of his own by removing Kevin Pietersen for one with a classic delivery. The fast bowler produced late out swing to bowl Pietersen as he attempted to hit the ball through mid-wicket. Next to go was England captain Andrew Strauss, who edged another excellent delivery from Taylor to keeper Denesh Ramdin. With the crowd anticipating a famous victory, on-fire Taylor also bowled Paul Collingwood and Matt Prior to leave England reeling. Slow left armer Benn, who had earlier dismissed Bell, took his second wicket when Broad was caught by Xavier Marshall at short leg. Benn then trapped Ryan Sidebottom LBW before Flintoff, who had provided some sort of resistance, was clean bowled by Fidel Edwards. Spinner Benn, who also took four wickets in the first innings, finished England off when he bowled Steve Harmison to prompt wild celebrations from the Jamaican crowd. It was sweet revenge for West Indies, who were bowled out for 47 by England the last time the teams met at this venue and Strauss’’s men have plenty to think about ahead of next week’’s second test in Antigua.
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ISLAMABAD: The government is again launching a programme to provide tractors on subsidised prices to the farmers of all four provinces under the Benaz
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BOSTON: Investors are growing increasingly frustrated with the continued slide in shares of General Electric Co, which this week touched their lowest
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KARACHI: Four sets of moorings buried deep into the sea were removed on Saturday, which were an obstacle to Liquid Cargo Terminal Project being set up
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