|Pakistan-India thaw: Commerce secretaries to meet soon|
08 August 2012
Amidst improving trade relations, commerce secretaries of Pakistan and India are expected to meet soon, according to India’s High Commissioner to Pakistan Sharat Sabharwal. However, he would not say when the meeting would take place.
The two commerce secretaries were due in May – but the meeting was delayed after Islamabad pressed New Delhi for more trade concessions. It is likely that the meeting would take place next month, though no schedule has been officially announced.
In an interaction with journalists at an Iftar dinner hosted by the Indian envoy, Sabharwal said his country has allowed foreign direct investment (FDI) from Pakistan, while a new gate has been opened at Wagah border crossing point to facilitate bilateral trade.
The two countries, he said, have already taken a number of measures in liberalising visa issuance. He hoped Pakistan will soon be giving India the most-favoured nation (MFN) status.
The Indian foreign minister is due to visit Pakistan in September, and Prime Minister Manmohan Singh has also accepted an invitation to visit Pakistan, according to Sabharwal.
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|Tripped units at Guddu fixed, power supply resumes|
25 May 2013
JACOBABAD: Fourteen tripped units of Guddu Thermal Power Plant and a technical glitch in Dera Murad Jamali grid station have been fixed on Saturday morning, Geo news reported
The power supply to affected parts of Sindh and Balochistan have also resumed following the removal of technical faults.
Earlier, KESCO sources said that power supply to Jafferabad and Nasirabad among various areas was halted as a technical fault had occurred in Dera Murad Jamali grid station.
On the other hand, ... Full Story
|PIA plane lands at Manchester airport, probe continues|
25 May 2013
LONDON: A Pakistan International Airline (PIA) passenger plane, which was forced to land at a London airport after two travelers threatened to ‘explode the plane’ during their argument, has now arrived at Manchester.
According to the sources, British police arrested two people on suspicion of endangerment of aircraft after diverting Manchester-bound PIA flight PK-709 to land at Stansted airport following a mid-air alert.
Both the British nationals of Pakistani origin were arrested after ... Full Story
|Deal with IMF now will be self-defeating: Sartaj|
25 May 2013
LAHORE : Pakistan’s new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday.
Most economists, lenders and rating agencies say that the nation’s finances have reached such a critical stage that a deal with the International Monetary Fund will be necessary and the sooner it comes the better.
But Sartaj Aziz, ... Full Story