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Pakistan it seems is taking a keen interest in boosting tourism in the country. After the government’s decision to host the much hyped Taxila week in March and April this year, Pakistan is all set to host the Lahore Basant Festival 2005. “The Lahore Basant Festival 2005 will start from February 3 and will continue [...]

The Karachi Stock Exchange (KSE) has recorded its largest single day gain, surging 3.5% to a new high. The index rose 225.79 points in four hours of furious trading, with many investors optimistic that political stability could bring an economic boom. The KSE index closed at 6709.93 – an overall gain of nearly 400 points [...]

Mian Mohammad Mansha, Pakistan’s wealthiest textile industrialist, considers himself well-prepared for the challenges ahead after the abolition of the global textile quota system this month. The end of the global quota system on January 1, under which the US and the European Union restricted textile imports according to their country of origin, promises to have [...]

Among the registered companies at the end of calendar year 2004, there were 2,816 public companies, 40,930 private companies, 190 single member companies, 283 associations not for profit, 54 companies limited by guarantee, 167 trade organizations, 583 foreign companies and five companies with unlimited liabilities. There were new registrations of 233 companies with the SECP [...]

Newsday announced today that is has opened a new bureau in Islamabad, Pakistan. James Rupert has been named bureau chief. He will cover other regions in the area including Afghanistan, Iran, and India. Previously, Rupert was Newsday’s deputy foreign editor, based in the paper’s Melville, N.Y. headquarters. He speaks French, Russian, Arabic, and Persian. ‘Pakistan [...]

MOL Hungarian Oil and Gas Company announced Monday that it has made a new (second) discovery of oil and gas in the Tal Block, located in the Northern Western Frontier Province of Pakistan. Exploration activity already resulted in a discovery (Manzalai-1 well) in December 2002, and following the first discovery, the consortium decided to continue [...]

Zuhra Nafees drinks in the sights and sounds of Peshawar’s riotous marketplace with newfound enthusiasm. A year ago the grate of a burqa separated her from the outside world. Today the late 20-something is clad in the traditional Muslim chador, the long cloth that covers her body from head to toe, but leaves her face [...]

The Banker Magazine of London, a subsidiary of Financial Times has declared Dr. Ishrat Husain as Central Bank Governor of the year for Asia. This is for the first time in the history of Pakistan that any Governor of State Bank has won this prestigious award. The Banker has honoured Dr. Ishrat “for his leadership [...]

Germany and UAE will invest $3 billion in hydel power generation and production of Mercedes Benz cars and trucks in Pakistan. Out of the total amount, about $2 billion would be invested in hydel power generation, while the rest would be invested in automobile sector to set up production plant for Mercedes Benz cars and [...]

Mekaal Hasan Band is very popular in Pakistan. It is now making inroads in the international scenario. Mekaal Hasan is the guitarist and music composer for his band. He is also the guest guitarist with Junoon. It is a band of seven members. Javed Bashir is the vocalist. Mohammad Ahsan plays the flute, Mohammad Fahad [...]