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  • PIA to upgrade fleet with 14 new planes by June

    January 3, 2014 7:43 PM 40

    Starts direct flight­s from Multan to Saudi Arabia. MULTAN: Bringing good news with the start of the new year, Aviation Secretary Muhammad Ali Gardezi has said the fleet of Pakistan International Airlines (PIA) will be upgraded with the addition of 14 new airplanes before June this year. He was speaking at a ceremony held to mark the launch of direct

  • Last resort: Public transporters to go on strike to protest CNG crisis

    January 3, 2014 7:20 PM 65

    KTI delega­tion visit to SSGC proved unprod­uctive so they turn to court for help. KARACHI: Public transporters of the city will go on a wheel-jam strike from Sunday to protest the on-going crises of the Compressed Natural Gas (CNG). The parent body of public transporters, Karachi Transport Ittehad (KTI), will keep the vehicles off road on Sunday to protest

  • The mystery of Raiwind palace ownership

    January 3, 2014 12:48 PM 30

    ISLAMABAD: The ownership of the Raiwind palace spread over thousands of acres is a mystery because it has never been mentioned in the statements of assets and liabilities of Prime Minister Nawaz Sharif and other members of his family in politics. Even latest declarations submitted by Nawaz Sharif, his brother Shahbaz Sharif, son-in-law Captain Mohammad

  • Pakistan's culture of nepotism must end, Nawaz says

    January 3, 2014 11:31 AM 20

    Nawaz says Youth Loan Busine­ss Scheme free of nepoti­sm, even he can not influe­nce select­ion proces­s. HYDERABAD: Prime Minister Nawaz Sharif said “we need to rid Pakistan of the culture of nepotism,” adding that “sifarish is like a cancer that needs to be treated”. Speaking in Hyderabad about the Youth Loan Business Scheme, the premier said the scheme

  • Transport, CNG stations strike

    January 3, 2014 2:15 AM 18

    KARACHI: CNG dealers and transporters on Thursday announced to keep their businesses closed from next week for an indefinite period to protest against the frequent suspension of gas supply under the Sui Southern Gas Company (SSGC) load-management plan, which they said, had hit their businesses hard. Representatives of the two associations — CNG dealers

  • Muzaffargarh, Ahmadpur East selected for new N-power plants

    January 3, 2014 2:10 AM 24

    CHASHMA: Muzaffargarh and Ahmadpur East have been selected as sites for new nuclear power plants, according to PAEC Chairman Dr Ansar Parvez. He was speaking at the ‘dome-laying ceremony’ of the fourth 340mw unit at the Chashma Nuclear Power Complex (also known as Chashma-IV) on Thursday that marked the completion of civil works at the unit and would

  • GSP Plus: ‘Pakistan needs to project a soft image’

    January 3, 2014 1:54 AM 26

    The govern­or said after Bangla­desh receiv­ed the GSP Plus status, its export­s increa­sed from $5 billio­n to $25 billio­n. Governor Chaudhry Muhammad Sarwar on Thursday told the media that he had met with over a hundred European Union parliamentarians during his efforts the obtaining a GSP Plus status for Pakistan and had tried to project a soft image

  • Official launch: Consumer survey website to help in policy formation

    January 2, 2014 8:09 PM 23

    The feedba­ck will help the author­ities in design­ing a futuri­stic moneta­ry policy, says SBP Govern­or. Speaking at the official launch of the IBA-SBP consumer confidence survey website, State Bank of Pakistan Governor Yaseen Anwar said that the feedback will help the authorities in designing a futuristic monetary policy. Introducing the audience

  • Encouraging investment: Competition watchdog issues policy note to OGRA

    January 2, 2014 7:30 PM 19

    Recomm­ends regula­tory body to decide over pendin­g licenc­e applic­ations. The Competition Commission of Pakistan (CCP) has issued a policy note to the Oil and Gas Regulatory Authority, recommending it to exercise its power and encourage investment in the sector. The CCP, through the note, has recommended that the regulatory body should act under the Ogra ordinance

  • Expensive urea: Engro raises fertiliser prices

    January 2, 2014 7:29 PM 23

    Move likely to be follow­ed by other player­s after GIDC revisi­on. Following the government’s move of reviving Gas Infrastructure Development Cess (GIDC), Engro Fertilizer has increased the prices of its urea fertiliser on Thursday – a practice expected to be followed by other players. The GIDC was first introduced by the PPP government in an effort