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  • Fair share in gas supply demanded

    November 16, 2018 12:00 AM

    KARACHI: The SITE Association of Industry (SAI) on Thursday demanded the government to provide gas to Sindh in accordance with the Constitution of Pakistan. The Association’s President Saleem Parekh quoted Article 158 of the Constitution titled “Priority of requirements of natural gas”, and said that it was crystal clear in the constitution that a gas producing

  • Farmers threaten protests over ‘cotton import plans’

    November 16, 2018 12:00 AM

    LAHORE: Farmers on Thursday threatened to launch countrywide protests if the textile sector’s ‘big wheels’ did not roll back their alleged plans of sourcing cheap imported cotton, ditching the locally produced fiber. “Powerful textile millers are planning to import some 50,000 tons of cotton from Central Asia through Torkham border,” Khalid Mehmood Khokhar

  • Govt mulls uniform electricity tariff structure

    November 15, 2018 12:00 AM

    KARACHI: Government is mulling a new uniform tariff structure for power distribution companies, which is likely to raise the national electricity average rate to Rs15.53/kilowatt-hour from the exiting Rs12.92/kWh, The News learnt on Wednesday. The government proposed the uniform tariffs based on determined revenue requirement of ex-Water and Power Development

  • US trade team holds B2B meetings

    November 15, 2018 12:00 AM

    LAHORE: An 11-member delegation of US businessmen, led by the Mayor of Bolingbrook (USA) Roger C Claar, held B2B meetings with their Pakistani counterparts to ensure strong sector-specific liaison, a statement said on Wednesday. “It is a good opportunity to know each other,” the Claar said, adding that the private sectors of US and Pakistan can take the mutual

  • PTCL, Convo Corporation sign deal

    November 15, 2018 12:00 AM

    KARACHI: Pakistan Telecommunications Company Limited (PTCL) has signed a memorandum of understanding (MoU) with Convo Corporation to boost up productivity of employees, a statement said on Wednesday. The Convo Corporation is a leader in Enterprise Social Collaboration Platforms based out of Silicon Valley, it added. This partnership aims at bringing

  • ‘Sindh holds key to energy solutions’

    November 14, 2018 12:00 AM 1

    Karachi: Sindh Energy Minister Imtiaz Ahmed Shaikh said Sindh holds the key to Pakistan’s energy crisis, and a project of 330MW will be inaugurated in January next year. Addressing a gathering at Korangi Association of Trade and Industry (KATI) on Tuesday, the minister said Sindh government’s 60 proposed power projects were pending with the federal government

  • FBR presents audit closure options

    November 14, 2018 12:00 AM

    Karachi: The Federal Board of Revenue (FBR) on Tuesday allowed conditional closure of audit proceedings of the taxpayers, who were automatically selected for non-compliance or late filing of income tax returns. The FBR gave options to the taxpayers, who are facing audit proceedings for having filed their tax returns after due date, a statement said. The FBR is facing

  • ECC allows Rs36bln financing for circular debt

    November 13, 2018 12:00 AM 1

    ISLAMABAD: Government on Monday allowed the ministry of energy to secure around Rs36 billion from a syndicate of banks to defray power sector’s outstanding payments that reawakened the energy woes. Finance Minister Asad Umar took the decision at a meeting of the Economic Coordination Committee (ECC) of the Cabinet. “The ECC considered and approved the proposal

  • Emirates unveils biometric path

    November 11, 2018 12:00 AM 3

    KARACHI: Emirates is gearing up to launch the world’s first “biometric path”, which will offer its customers a smooth and truly seamless airport journey at the airline’s hub in the Dubai International Airport, a statement said on Saturday. Utilising the latest biometric technology – a mix of facial and iris recognition, Emirates passengers can soon check

  • US, China meet to explore trade path

    November 10, 2018 12:00 AM 2

    Washington: The United States and China resume top-level talks on Friday after months of spiraling tension, looking to see if they can find a way forward on disputes from trade to military friction. Friday´s delayed meeting in Washington comes weeks before US leader Donald Trump is expected to meet his Chinese counterpart Xi Jinping on the sidelines