KARACHI: The Karachi Stock Exchange Board of Directors has suggested collection of ?cash margin? on Future Deliverable Counters that it has recommende

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ISLAMABAD: The Higher Education Commission (HEC) on Tuesday awarded another 130 fully-funded foreign scholarships for higher education abroad for MS a

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Islamabad

The bush-fire, which broke out in the Malpur forest of Islamabad on Tuesday afternoon, quickly engulfed a vast tract along Murree Roa

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Pakistan News

KARACHI: The federal Interior Minister Rehma Malik Tuesday said the jurisdiction of Crisis Management Cell has been widened in Karachi for peace in the city; the Cell will have cooperation of IB and other agencies.

Addressing the journalists accompanied with Sindh Governor Dr Isratul Ibad and Sindh Chief Minister Syed Qaim Ali Shah at CM House, he said CMC will have link with Sindh governor and CM.

Rehman Malik said the intelligence network has been increased six-fold; the number of Rangers is also being augmented in Karachi.

He said he met Muttahida Qaumi Movement (MQM) chief Altaf Hussain twice who assured him of complete cooperation.

Malik said he wants judicial investigations of the target-killings in Karachi, urging the people to make mobile video of such target-killings and send them to interior ministry.

He said there is no operation underway in Karachi, only security arrangements are being made.

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KARACHI: Sindh Minister for Transport Akhter Jadoon?s security protocol was stopped at the Jinnah International Airport late on Monday for allegedly c

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ISLAMABAD: The Affordable Homes Group’’s proprietary Z-MIX building system is being considered for housing construction projects throughout the country of Pakistan.

A U.S. finance investment initiative has allocated an approximate $500 million, so that the Government of Pakistan can construct low-moderate income homes, for their citizens, over the next several years.

Company officials have been in discussions with U.S. based representatives of Pakistan to determine the feasibility of locating Z-MIX production facilities in Pakistan. During the week of July 12th, 2009, product technicians will be visiting Pakistan, and efforts are underway to explore that country’’s natural resources and recycled products required to produce the composite Z-MIX building material. Sample product has been shipped for in-country examination and evaluation.

Analysts in both the U.S. and Pakistan believe the production of Z-MIX, with its ability to utilize shredded rubber tires, wood chips and other inert composite materials, will offer the government of Pakistan immediate low cost construction materials for much needed housing in both city and rural areas.

Pakistan has been beset by acute housing shortages due to the forced relocation of many citizens escaping tribal conflict into regions with limited housing stock and construction materials. Thousands of families have been forced to live in tents and other make shift homes that will not provide adequate shelter for the treacherous winter seasons.

Recently, officials for the United States and the United Nations (UN) received Z-MIX presentations in Denver, Los Angeles and Washington from Company management. The Affordable Homes Group representatives expect final contracts and production planning to commence in August 2009.

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Pakistan News

LAHORE: Pakistan Cricket Board (PCB) official Waseem Bari Tuesday said no more batsmen are being sent to Sri Lanka; however, if the Tour Selection Committee asks for the substitute, then this decision may be taken.

Talking to Geo News, he said he cannot on his own send substitute batsmen to Sri Lanka on being defeated in the consecutive second test match and losing the test series to the hosts.

If the Tour Selection Committee comprising captain, vice-captain and coach recommend so, then a decision will be made to this effect with mutual consultation.

Bari said the team for ODIs will be announced during the third test.

Shoaib Akhtar is in Islamabad to tend his ailing mother; therefore, his fitness test could not be taken, he added.

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SYDNEY: Australia?s motor racing fraternity and media on Monday hailed Mark Webber after he won the German Grand Prix, becoming the first Aussie to wi

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BEIJING: Chairman Senate Farooq H Naek said Pakistan is committed to eliminate extremism and terrorism in all its forms and manifestations.

He

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KARACHI: Former Test cricketer Sarfraz Nawaz severely criticized Pakistan cricket team for its humiliating series defeat from Sri Lanka.

Pakistan lost the second Test match by seven wickets on the third of the match at Colombo conceding the series 2-0 to the home side.

“There is grouping in the team. The team displayed completely irresponsible in both the innings. These are professional players and they shouldn”t play like amateurs. See how youngster Fawad Alam played. If he hadn”t knocked 168 runs then Sri Lanka would have beaten Pakistan on the second day - which most of the players intended to do,” Sarfraz said while talking to Geo News.

He said that the board should be disbanded and it should be brought under the power of the ministry.

“They forced honest selectors to resign and brought in people who are pleasing to them. I have never seen a seven-member committee in the past anywhere in the world,” Sarfraz said.

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Pakistan News