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  • Electricity shock: ‘Pakistanis paying highest tariffs in region’

    January 31, 2014 7:06 AM 560

    Speake­rs say recove­ry from commer­cial consum­ers is 100%, but just over 50% from govern­ment. Pro-furnace oil policies for power generation may cost the consumers heavily during the next decade if cheaper alternatives are not looked into. This prediction was made by a speaker at a seminar held here Wednesday, according to a press release

  • Toshiba shares tumble as costs hit overseas nuclear business

    January 31, 2014 4:21 AM 20

    TOKYO: Shares of Toshiba Corp fell 7 percent on Friday, its biggest one-day drop in 18 months, after the electronics conglomerate with products from microchips to nuclear reactors posted weaker than expected quarterly results as costs mount in its overseas nuclear business. Toshiba cited weakness in its energy and infrastructure division, which logged

  • Tokyo stocks rebound after inflation, US growth data

    January 31, 2014 4:03 AM 17

    HONG KONG: Tokyo stocks rose Friday after Japan logged its first rise in consumer prices for five years, while better-than-expected US growth data helped soothe fears about emerging economies that had fuelled a global sell-off this week. With most Asian markets closed for the Chinese New Year holiday trade was flat but investors took their lead from a Wall Street

  • Telecom sector in the limelight

    January 31, 2014 1:56 AM 14

    Govt pinnin­g invest­ment hopes ahead of spectr­um auctio­n, says report. KARACHI: Pakistan’s telecom sector is in the limelight because of the upcoming spectrum auction for next-generation mobile internet services, Topline Securities said in a report on Thursday. The new government – which has put in efforts to curb grey telephony – is seriously relying

  • Finance minister takes notice of increase in urea price

    January 31, 2014 1:56 AM 18

    ISLAMABAD - Finance Minister Senator Ishaq Dar on Thursday took notice of increase in sale price of urea which was reportedly being sold at a higher price in the market against the government-approved price of Rs 1786 per bag. The finance minister directed Ministries of National Food Security & Research and Industries to take strict action against those

  • Better communication: PTA making efforts to improve customer service

    January 30, 2014 8:56 PM 35

    Platfo­rm expect­ed to regist­er and resolv­e compla­ints. KARACHI: In efforts to improve customer service, Pakistan Telecommunication Authority (PTA) Chairman Syed Ismail Shah has assured that PTA has arranged for a high-tech service platform that will cater to the concerns of all telecom users in Pakistan. The platform is also expected to effectively

  • Trade: A GSP Plus for Sialkot

    January 30, 2014 8:08 PM 14

    German ambass­ador says effort­s would be made to help Pakist­ani export­ers. SIALKOT: Ambassador of Germany in Pakistan Dr Cyrill Nunn has said all-out efforts will be made to ensure an easy and hurdle-free access for Sialkot exporters into the international markets. Nunn stated this while talking to industrialists and exporters in Sialkot during a visit

  • SBP reserves dip further to $3.1b, data reveals

    January 30, 2014 8:04 PM 11

    Analys­ts expect positi­on to improv­e before end of fiscal year. Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 4.3% during the week ending on January 24, according to data released by the SBP on Thursday. The central bank’s foreign exchange reserves decreased $145 million to $3.1 billion compared to $3.3 billion that it held at the end of the preceding

  • NIE to install LED lights in Parliament House

    January 30, 2014 1:59 PM 18

    ISLAMABAD: Federal Minister for Science and Technology Zahid hamid has asked National Institute of Electronic (NIE) will install LED lights in the Parliament house building. Zahid Hamid said this while chairing a high level meeting regarding the balancing, modernization and rehabilitation of NIE, here. Through Research & Development activities, not only jobs opportunities

  • Decrease in POL prices recommended by OGRA  

    January 30, 2014 1:55 PM 13

    ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum and Natural resources seeking a decrease in the prices of petroleum products. According to the summary, a decrease of Rs3 per litre for petrol and Rs5.27 for diesel has been recommended. If the summary is implemented the new per litre price of petrol