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Punjab (Pakistan)

Ranjit Singh bust sells for 110,400 pounds

LONDON: A 19th century white marble bust of the lion of Punjab Maharaja Ranjit Singh, was auctioned on Monday in London by an international art house for 110,400 pounds. Clare Penhallurick, the head of auction house, Indian and...

Global recycling for school desks

Unwanted school furniture has been sent to schools in Pakistan A charity which sends redundant school furniture to ill-equipped schools abroad has been set up by a Lancashire head teacher and a county councillor. Furniture for...

US-based A buys additional 14% stake in VYTL

World's second largest sewing thread maker American & Efird Inc has picked up additional 14 per cent stake in Punjab-based Vardhman Yarns and Thread (VYTL). "By raising its stake, A&E's equity holding in VYTL joint venture...

Banks face difficulty in maintaining CRR, SLR

Wednesday, October 08, 2008 By Mansoor Ahmad LAHORE: Commercial banks, facing a liquidity crunch are finding it hard to maintain the mandatory cash reserve ratio (CRR) and statutory liquidity requirement (SLR) with the central...

President spent half of his first month in office abroad

ISLAMABAD: President Asif Ali Zardari has spent half of his first month abroad after assuming the top office of the country. The president has twice visited foreign countries including the United Kingdom, Unite.....more Lawyers...

Five injured in three Lahore blasts

Wednesday, October 08, 2008 By Salman Aslam & Arshad Dogar LAHORE: Three low-intensity bomb explosions in three juice shops on the Shalimar Road, Garhi Shahu, injured five people, including two children, on Tuesday night here....

Draft of new petroleum policy finalised

Wednesday, October 08, 2008 By Saad Hasan KARACHI: Petroleum ministry has finalised the draft of new petroleum policy which will be presented for approval in the next meeting of the Economic Coordination Committee (ECC) of the...

Vardhman Textiles transfers threads biz to its subsidiary

Vardhman Textiles has transferred its threads business to one of its subsidiary companies, Vardhman Yarns and Threads, through a scheme of arrangement, re-organisation and demerger as sanctioned by the Punjab and Haryana High...

Punjab to enact common infra Act

In a bid to improve infrastructure to boost industrialisation in the state, the Punjab government is mulling over enacting a common infrastructure and maintenance Act. The idea behind forming the Act is to rope in the...

Death toll from attack on Pakistani politician's home rises to 17

The death toll from a suicide attack on a Pakistani opposition politician's home rose to 17, the police said Tuesday, a day after the bomber struck in the town of Bhakkar, in the central province of Punjab. "He was around 30...