International, National, National Development

China decides to assist Pakistan in launching first satellite

This was revealed by the Chinese ambassador that china will be assisting Pakistan in launching the Pakistan’s first communications satellite. A a meeting between President Zardari and Chinese president Hu Jintao is scheduled late this month. Meeting will held in US city of New York. In this meeting they are expected to talk on bilateral issues as well as discussion will include this agreement. China wants to spend some money in launch of first Pakistani Communications Satellite. Chinese ambassador added that as the economy and security situation of country both are improving so its good time to take on these kind of projects.

Basic Needs, Happenings, National

Despite court orders Millers Refuse to Sell Sugar at price fixed

Taking an action on self made sugar shortage and high price of sugar Lahore High Court (LHC) had set the selling price of sugar for millers at Rs. 40 but no one of mills had actually acted up. Reacting the LHC set the price even less at Rs. 36 for millers and Rs. 40 retail price. All of the sugar millers have declined sell sell sugar on rates set by High Court. Afterwords, court had asked the province officials to make the millers act upon the decision, province officials called a meeting of millers to sit together and decide the convenient prices and a strategy to act upon them, but most of the sugar millers had also denied the attend […]

Happenings, International, National

Two more arrested Pakistani students return home from Britain

As Britain officials had arrested 12 students back in April, 09 and most of them were Pakistanis. They were arrested suspecting them as the terrorists. But later in investigation the Britain officials were not able to prove any of the charges. Same is the reason they had freed and deported many of them over the time in the groups or two and three. Now latest info reveals that they have now freed up two more students, who landed in Lahore last night. The Britain officials said that students have voluntarily decided to leave the country. But as it was already stated that they can’t let any of them in their country as this is the matter of their national security. […]

Economy, Happenings, National, National Development, Stock Exchange

Foreign investment is back in Karachi Stock Exchange

As soon as government ensured the improvements in the energy sector, this have increased the confidence of foreign investors and Karachi stock exchange have observed good investment by foreigners. In last month, Aug 2009 the money foreign buyers bought shares of about $95.3 million and this month on alone 1st Sep, 2009 the investment of 21.29 million was observed from the foreign investors. More over KSE-100 index was ended on its highest of the year at 8,878.64 today. This is big improvement and if the political parties and country’s leadership don’t come up with any other issue this confidence by foreign buyers will further strengthen and loads of foreign investment is expected. As this year KSE-100 index already gained 51.38% […]

Crimes, Extremism, National

Gun attack on federal minister for religious affairs

Islamabad, near melody food Park the federal minister for religious affairs was attacked by armed men and was wounded in the incident. His driver was shot dead in the incident, however he just got some serious wounds. Also a bullet caused the compound fracture in lower leg of federal minister for religious affairs Hamid Saeed Kazmi. His vehicle was attacked by two armed men, who were riding a motorcycle, as soon as they came across Hamid’s vehicle they opened fired killing the driver of car and causing serious injuries to minister. Also minister’s guard was seriously injured in the incident. Minister Hamid himself is now out of any life risk now.