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PSO on the verge of default; stops fuel supply to PIA

KARACHI: Pakistan State Oil (PSO), the largest oil marketing company in the country, is on the verge of default as the company requires immediate...

Indian CBI will hold inquiry in 750$ AgustaWestland VVIP chopper deal

New Delhi: Indian Defence Ministry has directed Central Bureau of Investigation (CBI) for an early inquiry into the AgustaWestland VVIP chopper deal. The Indian Defence Ministry...

Russian companies invited to take part in extraction projects in Iran

Russian Energy Minister Alexander Novak said on Tuesday that Iran has extended an invitation to Russian companies to take part in the development of...

Radar fails for 30 minutes IGI Airport in Delhi

New Delhi: At 12.21 pm on Friday, when 24 aeroplanes were either preparing for takeoff or circling above in landing sequence, the Delhi airport...

Despite Western outcry, Turkey needs Iranian natural gas

Ankara: Turkish Minister of Energy and Natural Resources Taner Yildiz has emphasized that Turkey need for Iranian gas. “Turkey supplies an important portion -- one fifth--...

State Bank injects Rs600bn in money market

KARACHI:  The State Bank of Pakistan (SBP) on Friday injected Rs600.05 billion into the money market through a seven-day reverse repo to help banks...

London Stock Exchange rose $ 0.51 – up to 117.24 dollars per barrel.

New York: International oil prices at the end of trading Thursday changed in different directions on a background of statistical data on unemployment in...

Is Neoliberalism responsible for Greece financial breakdown?

Dispatch from Athens These scenes are not from Africa or Asia rather it is heart of Europe. Remember this is not Eastern Europe—This is also not a...

India’s GDP expected to fall to 5 percent in 2012-13 fiscal year

MUMBAI: India’s gross domestic product (GDP) is expected to drop significantly to 5.0 percent for the fiscal year ending next month, preliminary data released...

70 pc of parliamentarians failed to pay taxes in 2011; ECP informed

ISLAMABAD: The Election Commission of Pakistan (ECP) was informed on Wednesday that 70 per cent of parliamentarians had not filed their tax returns in...

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