02092016Tue
Last update: Tue, 09 Feb 2016 04am

Industries & Sectors

Pakistan - Industries & Sectors

PR steadily going back on track prosperity ISLAMABAD: The induction of new locomotives, renovation and refurbishing of out of order engines and launching of cargo trains revolutionized the Pakistan Railways (PR).Official sources in the Ministry of Railways told APP here Wednesday that the decades of mismanagement, bad governance, corruption and lack of committment had ruined the Railways. The positive steps not only arrested the deterioration but helped improve the efficiency of the Railways as well as enhanced the image of the national institution.The fiscal deficit of Pakistan Railways has decreased significantly in last two years. Fiscal deficit of PR was Rs 27.247 billion during 2014-15 as comparing to Rs 32.527 billion during FY 2013-14.Thus number of freight trains to up country was one train per day in the year 2011-12 and now has been increased to 10 trains in the year 2014-15.They said that punctuality of passenger trains has been improved tremendously, in the year 2012 it ...

Pakistan - Industries & Sectors

Halal food & lifestyle market to reach $3.7trn by 2019 ISLAMABAD: Worldwide spending on global Halal food and lifestyle products could rise 10.8% a year until 2019 to create an international industry worth $3.7 trillion, according to the latest Global Islamic Economy Report.Commissioned by the Government of Dubai and produced by ThomsonReuters in collaboration with strategy and research advisory firm DinarStandard, the report says the past year has seen major advancements in the global Halal food and lifestyle sectors, Saudi Gazette reported.These include investments by ...

Pakistan - Industries & Sectors

Power sector's recoveries touches to 93.40pc ISLAMABAD: The recoveries of power sector touched to record 93.40 per cent resulting additional income of Rs. 61 billion to the national exchequer during 2015.Official sources told APP here Tuesday that better performance and prudent decisions have brought the much needed stability in the power sector.He said recoveries witnessed 4.80 percent increased as compared to the previous year where recoveries remained 88.60 percent.Besides achieving upward trend in recoveries, the line losses were reduced to 18 ...

Pakistan - Industries & Sectors

Cellular mobile subscription shows upward trend, reaches 125.899mn ISLAMABAD: The cellular mobile subscribers base in the country after Biometrics Verification is showing upward trend and reached 125.899 million at end of December 2015.The subscribers base was 124.24 million by November last year and during one month period five mobile phone operators added a combined user base of 1.65 million customers.The latest data released by Pakistan Telecommunication Authority (PTA) on Tuesday revealed Mobilink is leading the charts with 36.21 million customers while Telenor is ...

Pakistan - Industries & Sectors

Pakistan Railways to earn Rs12bn from freight trains ISLAMABAD: Pakistan Railways would generate more than Rs12 billion revenue through freight trains during the current financial year.The organization was hoping to cross the set revenue generation targets in freight sector this year, an official in the Ministry of Railways told APP."Fast Cargo" train would also run between Karachi to Rawalpindi to help generating more revenue, he added."Pakistan Railways had allocated around 85 to 90 locomotives for freight trains," the official added.He said that 55 ...

Pakistan - Industries & Sectors

LPG plant being set up in Naspha field: OGDCL ISLAMABAD: Oil and Gas Development Company is going to expand its Nashpa field by setting up a Liquified Petroleum Gas (LPG) plant to meet growing energy demand in the country, official sources in the company said."Under the expansion plan, the LPG project will be completed in two years and local manpower will be hired for the plant in Nashpa field, Karak district of Khyber Pakhtunkhwa," the sources told APP.The field is one of the places ...

Pakistan - Industries & Sectors

PIA strike enters 7th day; Negotiations on to end impasse ISLAMABAD: Another round of negotiations between representatives of PIA employees and the government will be held to end the strike continuing for last seven days, President PIA Air League Muhammad Usman Khan said Monday.Employees of Pakistan International Airlines (PIA) were staging a 'token protest' and "We will not let them halt the flight operations because we do not want to harm the state owned airlines," he said while talking to APP.The PIA employees kept the ...