06282016Tue
Last update: Tue, 28 Jun 2016 09pm

Industries & Sectors

Pakistan - Industries & Sectors

WAPDA clarifies news item about water release from Mangla Dam reservoir MIRPUR: The Pakistan Water and Power Development Authority (WAPDA) spokesperson Tuesday clarified a news item appeared in a section of press, wherein it has been stated that impounding in Mirpur-based Mangla reservoir has been stopped due to non-completion of rehabilitation works near Khaliqabad on Mirpur-Kotli Road by WAPDA, consequently water worth billions of rupees is being released.The spokesperson has clarified that Indus River System Authority (IRSA) had agreed to maintain Mangla reservoir level at 1210 feet above mean sea level till June 30, 2016 to facilitate works at Khaliqabad.However, keeping in view the overall system conditions, IRSA went for raising the level beyond 1210 feet above mean sea level. In a recent meeting with IRSA on June 21, 2016, it was agreed to maintain water level at 1214 feet above mean sea level till June 30, 2016, so that progress of rehabilitation work may not affect.Accordingly releases of water are ...

Pakistan - Industries & Sectors

HESCO disconnects power supply to 500 defaulters ISLAMABAD: The Hyderabad Electric Supply Company (HESCO) in its ongoing operation against power pilferers and defaulters disconnected supply to over 500 defaulters outstanding besides removing around 400 illegal connection in Badin district.The spokesman told that electricity supply was suspended to the defaulters for not clearing Rs 80 million dues.He said that operation was conducted in Shahi Bazar, Chando Nagar, Ilyas Gopang, Memon Mohalla and other areas.Meanwhile, Xen Badin Abdul Sattar said HESCO officials were being ...

Pakistan - Industries & Sectors

Waiving of taxes on ships' registration to boost shipping business: Minister ISLAMABAD: Minister for Ports and Shipping Mir Hasil Khan Bizenjo said Tuesday waiving of taxes on registration of ships would boost shipping business in the country.Speaking at a meeting of the National Assembly Standing Committee on Ports and Shipping held with Syed Ghulam Mustafa Shah in the chair said the shipping line was facing difficulty in attracting ships because of 37 per cent to 38 per cent taxes levied upon the registration of ships.But now, ...

Pakistan - Industries & Sectors

LCCI stresses Kalabagh Dam construction LAHORE: Lahore Chamber of Commerce and Industry (LCCI) on Monday advocated an early construction of Kalabagh Dam saying that this dam was crucial to cope with the challenges energy shortage, food security, famine and floods. LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed told the media here that in the absence of a mega dam, the country was suffering from a loss of Rs 132 billion annually. They ...

Pakistan - Industries & Sectors

Signalling system at 23 Railway stations being upgraded ISLAMABAD: Pakistan Railways is upgrading signaling system at 23 stations, out of which 14 have so far been refurbished under a rehabilitation project."The project is part of Rehabilitation of assets damaged during riots on December 27-28, 2007, following the death of PPP Chairperson Mohtarma Benazir Bhutto," an official in the Ministry of Railways told APP.He said that another signaling project titled "Replacement of Old and Obsolete Signaling Gear Lodhran-Shahdara Section" is in the progress for ...

Pakistan - Industries & Sectors

New dams inevitable for economic survival: Founders Group LAHORE: The Founders Group of Lahore Chamber of Commerce & Industry Sunday termed new dams inevitable for economic survival of the country. The LCCI Founders Group leaders said in a meeting here that Pakistan direly needed cheap electricity, water for agriculture sector and preventive measures against devastating floods and it all was possible only through construction of big water reservoirs. Head of Founders Group Ijaz Butt, leaders of the group and former LCCI presidents, Mian ...

Pakistan - Industries & Sectors

LCCI urges Punjab Govt to withdraw PIDC LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) Saturday urged the Punjab government to withdraw the Punjab Infrastructure Development Cess (PIDC) in the interest of trade and industry of the province.LCCI President Sheikh Muhammad Arshad, in a statement, termed the cess a sort of double taxation. It was an indirect tax as it would be charged on movement of goods, including raw materials cleared on dry ports of Punjab, which he claimed, would impede ...