09262016Mon
Last update: Mon, 26 Sep 2016 10pm

Business & Economy

Pakistan - Business & Economy

Rs64 billion unpaid utility bills to be recovered by HESCO HYDERABAD: A staggering sum of over Rs 64 billion in unpaid utility bills is owed to Hyderabad Electric Supply Company (HESCO) by its public and private consumers.According to a press release issued here on Friday, the Sindh Government and the private consumers share the biggest amount of those unpaid bills. From the total receivables, Rs 31.83 billion were against the private consumers and Rs 30.06 billion against the Sindh Government, according to the press release. The Federal Government owes Rs 2.12 billion to the company, it added. It further informed that the HESCO was carrying out a recovery drive from the defaulting consumers while also disconnecting the electric supply of the defaulters and the electricity thieves. In that regard 200 connections of defaulting consumers and another 280 illegal connections were severed on Friday while the HESCO staff also submitted applications in the concerned police stations to lodge FIR against those ...

Pakistan - Business & Economy

French business delegation to visit Pakistan for strengthening business ties ISLAMABAD: Several French companies have shown keen interested to build new partnerships in Pakistan and to strengthen the already existing business relations in various sectors of economy.A business delegation from France would be visiting Pakistan in the first half of next year to promote and strengthen business relations, Thierry Pflimlin, President Pakistan-France Business Council, who is also Vice President, Asia Pacific Region, TOTAL informed Finance Minister Senator Mohammad Ishaq Dar during a call on meetingPflimlin ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Six ships C.V CMA CGM Corneille, M.V BBC Holland, M.V Aaron-N, M.T Ratna Blessing, M.T Gas Husky and M.T Globe Tanya carrying containers project cargo, palm oil and LPG were allotted berths at Qasim International Container Terminal, Multi Purpose Terminal, Liquid Cargo Terminal, Engro Vopak terminal and SSGC Terminal respectively on Thursday.Meanwhile four more ships C.V ER Tian Ping, M.T Bunga Angsana, M.T Navig-08 Ammolite and M.T Argent Bloom with Containers, palm oil and ...

Pakistan - Business & Economy

Over Rs200bn shifted to rural areas on Eid ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that Eid economy has been expanding in the country as over Rs 200 billion were transacted from urban centres to rural areas during the Eid-ul-Azha."The expansion of Eid economy is a very good omen for farmers and rural areas," Abdul Rauf Alam, President FPCCI said in a statement issued here.He said that some estimates suggest that around Rs 200 to Rs 300 billion ...

Pakistan - Business & Economy

Punjab govt, institutions appreciated LAHORE: Lahore Chamber of Commerce & Industry (LCCI) has appreciated the Punjab government, City District government Lahore (CDGL), Water & Sanitation Authority (WASA) and Lahore Waste Management Company (LWMC) for taking foolproof measures to keep the city clean during the Eid-ul-Azha.In a statement issued here on Thursday, the LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said that said it was a matter of great satisfaction that CDGL ...

Pakistan - Business & Economy

FPCCI urges govt to help in agricultural exports to Russia ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called upon the government to extend all possible assistance and facilitation to exporters for focusing on Russia as it offered immense untapped opportunities for boosting exports of agricultural products.In a statement issued on Sunday, Vice President FPCCI Riaz Khattak said that Russian food and agricultural imports stood at US$ 43 billion during 2013 while its ban on import of food products from West and Europe ...

Pakistan - Business & Economy

Fisheries Department establishes 49 fish farms in KP PESHAWAR: Khyber Pakhtunkhwa Fisheries Department has established some 49 fish farms established in Peshawar, Nowshera, Charsadda, Swabi and Lower Dir districts, besides training of over 100 farmers to strengthen their professional capabilities on methods and techniques of fish breeding.Total Rs 173.122 million was allocated for five ongoing and three new projects in the ADP for 2013-14, said a three-year progress report issued here Saturday by KP Fisheries Department.The department took a number of steps to ...