Inter-corporate debt has ballooned to Rs300 billion and authorities are considering penalising KESC.

The Public Accounts Committee has also been ineffective as irregularities were pointed out by the office of the AGP.

The ministry of special initiatives has immediately sought Prime Minister Yousaf Raza Gilani’s intervention.

A lack of infrastructure and absence of proper incentives by the federal government are chiefly to blame.

Security forces have started deweaponising the town of Gilgit.

The selected entrepreneurships will have access to global businesses and capital through the programme.

Damage and needs assessment of Pakistan following calamitous floods will be conducted by the ADB and the World Bank.

Islamabad proposed a diversion from the original plan of a multi-billion dollar gas import project from Turkmenistan.

Pakistan receives just 17.5 per cent ($113.3million) in cash and goods of total aid pledged by the global community.

The authorities have released less than 10% of the budget immediately required by the Higher Education Commission.