04292016Fri
Last update: Fri, 29 Apr 2016 07pm

Industries & Sectors

Pakistan - Industries & Sectors

PM's decision of rollback in gas prices for fertilizer sector hailed ISLAMABAD: Fauji Fertilizer Company Limited (FFC) on Friday welcomed the announcement of roll-back in feed gas prices for fertilizer sector raised back in September 2015.Managing Director FFC, Lt Gen Shafqaat Ahmed, (Retd), welcomed the Government's gesture and stated that "this initiative will enable the fertilizer industry to continue its support to agri-sector in Pakistan by providing fertilizer at affordable prices".As a consequence, FFC has announced an immediate reduction in its urea prices, he added.Adding to the above, he stated that FFC was particularly grateful to Prime Minister Muhammad Nawaz Sharif, Ministry of Finance, Ministry of Industries, Ministry of Petroleum and Natural Resources and Ministry of National Food Security and Research for their concerted endeavours to uplift the farm economy besides reducing stress on domestic Fertilizer industry.FFC being leader in domestic urea production has always worked closely with the Government to provide affordable fertilizers to the farmers.FFC assures the Government and ...

Pakistan - Industries & Sectors

Railways decides to provide small, big trolleys to the coolies ISLAMABAD: Pakistan Railways has decided to provide small and big trolleys to the coolies for carrying the loads of the railway passengers at railways stations.The coolies will get Rs. 50 for carrying a load of up to 40 kg for each round and the trolleys will also feature built-in lock system, sources in the Ministry of Railways told APP.Pakistan Railways was going to change this century-old culture of coolies and now coolies will no more ...

Pakistan - Industries & Sectors

Fibre optics in Hyderabad, Kotri for improved internet connections HYDERABAD: Hyderabad and Kotri SITES are being linked to fibre Optics through G-PON and after completion of this scheme, the industrialists, using connections of Pakistan Telecommunication Company Limited (PTCL) will be able to avail better internet technology.This was stated by the Regional General Manager PTCL Hyderabad Region Javed Ahmed Shaikh while talking to business community during his visit to secretariat of Hyderabad Chamber of Commerce and Industry.He said that PTCL Hyderabad Region is leading among ...

Pakistan - Industries & Sectors

PIA starts probe into financial irregularity worth millions ISLAMABAD: Pakistan International Airline (PIA) has initiated inquiry into financial irregularity worth millions of rupees after suspending two senior officials at Lahore airport."PIA management has detected irregularities to tune of Rs 24 million in civil works department at Lahore," Spokesman of PIA in a statement issued here on Thursday stated."An inquiry has been initiated in to the matter and the concerned Manager Works and Senior Works officer have been suspended," he said.According to the sources ...

Pakistan - Industries & Sectors

Mobile internet, broadband usage to put significant impact on telecom revenues ISLAMABAD: The annual revenues of telecom sector have reached around Rs. 449.6 billion during 2015, showing a bit decline as compared to last year.The sector registered annual revenues of Rs. 463.5 last year while these were Rs. 439.5 billion in 2013-14, Rs. 409.2 billion in 2011-12 and Rs. 367.3 billion in 2010-11.The reason was that Wireless Local Loop (WLL) segment has been hit hard with almost 40 percent decline in revenues of small WLL companies ...

Pakistan - Industries & Sectors

Pesco disconnects electricity to mills, refugees' camps PESHAWAR: Pesco has speeded up the disconnection campaign for nonpayment of outstanding dues throughout the province and in this regard electricity supply to Sher Khan Mills was disconnected against outstanding dues of Rs 15.4 million.A Pesco statement said on Thursday the company's teams also disconnected power supply to 50 villages of Bannu Circle for nonpayment of dues worth Rs 440 million. These villages were being provided electricity through Daud Shah and Nourar feeders where Pesco ...

Pakistan - Industries & Sectors

COMSATS ranked among top 20 regional institutions ISLAMABAD: COMSATS Institute of Information Technology (CIIT) Islamabad tops among Pakistani institutions and also succeeded to clinch 18th position among top western Asian institutions as per the high-quality research outputs ranking table 2016.According to the released index by international reputed organisation, Nature, the CIIT Islamabad has showed remarkable performance with 246.2% increase in weighted fractional count (WFC) in 2015 as compared to 2014.Among the top 20 institutions from western Asia all three top universities are ...