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The federal cabinet has decided to issue new Pakistani currency notes of Rs 20 and Rs 5,000. The cabinet, which met with Prime Minister Shaukat Aziz in the chair, also decided to redesign the Rs 50 and Rs 1,000 notes. The new notes will incorporate the latest security features to protect them from forgery and [...]

The Karachi Stock Exchange (KSE), emboldened by a remarkable performance in 2004, plans cross-border listings, Internet trading and over the counter market. “The future projects include cross-border listings, Internet trading and over the counter market,” said the KSE’s annual report released on the eve of its Annual General Meeting on October 28. The report covered [...]

Fifty students and teachers from one of Kolkata’s premier institutions will carry this message to Pakistan in January next year, soon after students from Karachi land here on a peace mission. Bhowanipore Education Society has sought formal approval from the Union home ministry for the goodwill mission, and has even started groundwork with the Islamabad [...]

The Resource Group, a call center company, has acquired Pennsylvania-based Telespectrum, which is expected to contribute $80 million to its annual revenue, a senior Resource Group executive said Tuesday. “In a single transaction, Telespectrum contributed $80 million and 2000 people to our business,” Zia Chishti, the company’s chief executive told Dow Jones Newswires in an [...]

Malaysia and Pakistan agreed on Oct 26 to take the first step towards a free-trade pact and look at cutting import duties on some of each other’s exports. Foreign ministers from the two Muslim Asian nations said after a meeting in the Malaysian capital that officials from both sides would start work soon on a [...]

Pakistan will be making its debut in international rugby on Wednesday when it takes on Sri Lanka in the 19th Asian Rugby Football Tournament. The biennial tournament will feature 12 teams split into three tiers vying for the Cup, Plate and Bowl Championships. Pakistan is in the Bowl competition along with Sri Lanka, India and [...]

IMAX Corporation and the Government of Punjab Province, Pakistan today announced an agreement to install the first ever IMAX theatre in Pakistan. The theatre will be located in Lahore, Pakistan, and be part of a multi-function shopping and entertainment park the Punjab Government is developing. The agreement was reached on September 28th, construction will begin [...]

The winter is approaching but no news yet of winter expeditions to Karakorum. Mountaineering challenges are scarce these days some say, yet the fierce Pakistan mountains offer just that – and with a stunning view. Pakistan holds at least five big dares, as none of its 8000ers has been climbed in winter! Up until now [...]

Uzma Aslam Khan’s novel “Trespassing” bills itself as a love story, a tale of forbidden lust a la the Capulets and Montagues. But in tackling culture clash, war and international relations, the book strives to be more than a tale of dangerous love. The relationship between Daanish and Dia is the story around which all [...]

The deregulation of Pakistan’s telecom industry is fast gaining momentum with dozens more communications providers and millions of customers entering both the fixed line and mobile markets. Before the government announced the opening of its fixed line telephone sector to private investors in July last year, the landline penetration rate was just 2.5 percent of [...]