Pakistani news for the rest of us

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Punjab to develop tourist resort at Wagah

The Punjab Tourism Department (PTD) on the special directives of the provincial chief minister will develop a 12-bed tourist resort-cum-motel at Wagah border to promote tourism and attract foreign and local tourists. Unfolding the plans for the promotion of tourism in the province, Punjab Tourism Minister Mian Muhammad Aslam Iqbal in an exclusive interview with [...]

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Heritage Museum gives taste of Pakistan’s rich culture

Museums are like people. They come in all shapes and sizes and one cannot always realise what is inside by their exterior. The recently inaugurated ‘Heritage Museum: The National Museum of Ethnology’ is no different. People might consider museum visits as monotonous, but inside the Heritage Museum, it is hard not to fall in a [...]

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Indian Olympians to be honoured in Pakistan

India’s World Cup winning captain Ajitpal Singh and former Olympian-turned-selectors BP Govinda, Aslam Sher Khan and Surinder Singh Sodhi will be felicitated during Indian hockey team’s tour of Pakistan next week. Indian Hockey Federation (IHF) and its Pakistan counterpart have decided to felicitate four former players from each country during the eight-match home-and-away series. “Pakistan [...]

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First-ever women soccer match held in Islamabad

Pakistan Saturday staged its first ever women’s soccer match to mark the FIFA (International Football Federation) Fair Play Day which officials said would help boost women’s sports in this Muslim country. The Pakistan Football Federation (PFF) organised the match and coach Tariq Lutfi told AFP it would go a long way in promoting women’s sports [...]

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Sindh University to introduce solar energy

The University of Sindh will introduce the solar energy system to provide electricity to its departments, teaching institutes, hostels and residential colony. The project, to be prepared by the Pakistan Council for Scientific and Industrial Research (PCSIR), will first be implemented at the Marui Hostel and then extended step-by-step to the university’s other facilities. The [...]

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A stroll through a Karachi entrepreneurial paradise

Nishtar Road, located in the old city, is a chaotic, thriving, giant market. Everything from plastic goods to bolts of cloth are traded in this densely packed, historic place of trade. Why have businesses thronged here through the decades? Daily Times’ Imran Ayub walks us through a unique entrepreneurial paradise. Consider this picture. A 20-kilometer [...]

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12 new TV channels to be allowed soon

The government will soon award 12 new TV channel licences, says General Manager Pakistan Electronic Media and Regulatory Authority. He was speaking in a PTV programme on Saturday. He said that 22 new license for TV channels were being processed, adding that the process would be completed soon. Pemra’s general manager said that 10 licenses [...]

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Pakistan forex reserves rise to $12.181 billion

Pakistan’s foreign exchange reserves rose by $22 million to $12.181 billion in the week ended Sept. 11 mainly because of an increase in inflows to commercial banks, the central bank said on Friday. During the week, reserves held by commercial banks rose to $2.176 billion from $2.158 billion a week earlier, the central bank said. [...]

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Pakistani banks announce record net interest income

Banks operating in Pakistan have announced a record net interest income as credit volume to private business continues to expand. Banking industry analysts foresee this trend in net interest income (NII) to continue. But, banks’ overall investment in the stock market will be restrained resulting in reduced yields. This is because the central bank has [...]

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China to build Karachi overhead transport system

A Chinese firm, China National Machinery and Equipment Group (CNMEC), will build the Karachi Mass Transit Project (KMTP) at a cost of US$568 million. Sources said that the project would include construction of the corridor for overhead mass transit facility from Sohrab Goth to Tower, via Teen Hatti. The corridor is to be built in [...]

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