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  • Chitral’s plight: Lowari Tunnel closure results in dire food shortages

    December 2, 2013 4:51 AM 37

    PTI-led K-P govt is yet to pay the Korean compan­y to allow passag­e throug­h the tunnel. As the lack of funds causes delays in the completion of the Lowari Tunnel, heavy snowfall at the Lowari Pass has cut off Chitral from the entire country resulting in stocks of edible items falling to dangerously low levels. Since winter began in November, elders

  • Academic diplomacy: After Islamabad, Mandarin institute comes to Karachi

    December 1, 2013 11:26 PM 28

    This is the second such instit­ution set up in the countr­y after a span of eight years. The use of flowery language to underscore the significance of Pakistan-China friendship, such as “higher than the mountains and deeper than the oceans”, has not translated much into exploring opportunities to promote people-to-people contacts and ensuring cooperation

  • 32,701mw power projects to be completed in 7 years

    December 1, 2013 11:21 PM 15

    ISLAMABAD - Over 29 hydro power projects, having a total capacity of producing 32,701.2MW electricity would, start production in the next two to seven years, says Water and Power Development Authority (WAPDA). According to details, 4,320 mw Dasu Hydro power Project and 7100mw Bunji hydro power project were under process of approval. 58 per cent overall

  • Gas import projects: Country must woo foreign investors

    December 1, 2013 3:14 PM 28

    Demand rises consis­tently, existi­ng infras­tructu­re promis­es profit. ISLAMABAD: Compressed natural gas (CNG) has been used as a vehicle fuel for decades. At present, about 5 million vehicles are estimated to be running on CNG worldwide. Many countries including India and Bangladesh don’t have any indigenous substitute for gasoline and they lack proper

  • Fuel price adjustment: NEPRA orders Rs35b reimbursement to consumers

    December 1, 2013 12:10 PM 36

    The amount will be return­ed to consum­ers throug­h future monthl­y bills. ISLAMABAD: The National Electronic Power Regulatory Authority (Nepra) has ordered power companies to reimburse the amount collected on account of fuel price adjustment (FPA) to consumers, Express News reported on Sunday. In 2011, Nepra had allowed distribution companies of Islamabad

  • Below par: FBR misses revenue collection target again

    November 30, 2013 11:00 PM 33

    Repeat­ed conces­sions to busine­ssmen nibble at tax collec­tion drive. The PML-N government’s consistent policy of giving in to demands from the business community has dented the state’s revenues, as the national tax collection agency significantly fell short of its first five months’ target, collecting only Rs806 billion despite blocking refunds of taxpayers

  • Temporary relief: PM halts hike in fuel prices

    November 30, 2013 11:00 PM 28

    Govt would bear a subsid­y of Rs2.8b. Prime Minister Nawaz Sharif rejected the summary presented by Oil and Gas Regulatory Authority (Ogra), suggesting an increase in oil prices, and asked the authority to carry the previous prices. A senior official said that government would bear a subsidy of Rs2.8 billion in December by absorbing impact of increase

  • Weekly review: KSE-100 hits all-time high of 24,302 points

    November 30, 2013 8:49 PM 35

    Announ­cement­s of army chief and invest­ment scheme­s were the highli­ghts of the week. The stock market’s impressive performance continued without any interruption as the benchmark KSE-100 index racked up another 454 points (1.9%) in the run-up to an all-time high close of 24,302 points during the week ended November 29. The index’s strong performance

  • Infrastructure development: Govt clears Rs244.5 billion worth of projects

    November 30, 2013 8:49 PM 40

    Power minist­ry asked to help provin­ces develo­p small hydrop­ower projec­ts. The Central Development Working Party (CDWP) has approved 38 development projects worth Rs244.5 billion in a meeting chaired by Minister for Planning‚ Development and Reforms Ahsan Iqbal. The approved projects were from energy‚ water resources‚ education‚ governance‚ science

  • Load-shedding: CNG stations to be closed for three days

    November 30, 2013 8:46 PM 20

    Gas statio­ns to remain shut on Monday, Wednes­day and Friday. According to the gas load management schedule, all CNG stations in Sindh will remain closed for 24 hours from 8am Monday till 8am on Tuesday. Gas stations will then close for another 24 hours at 8am on December 4. The final shutdown will take place for 24 hours from 8am on December 6. All industrial