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Last update: Tue, 03 May 2016 08am

Industries & Sectors

Pakistan - Industries & Sectors

Industries Ministry asked to prepare Special Ramadan Package ISLAMABAD: Finance Minister Mohammad Ishaq Dar has asked the Ministry of Industries and Production to prepare Special Ramzan Package.In a statement issued by the Ministry of Finance here on Sunday, the minister has asked for submitting the package for consideration of the Economic Coordination Committee (ECC) of the Cabinet within ten days.In this regard a letter has been sent to the Secretary, Industries and Production, it added.The minister said keeping in line with the present government's past practice, Relief Package would continue to be offered through the Utility Stores for facilitation of the general public in the holy month of Ramzan.A number of items, particularly those commonly used in the holy month would be provided to the people at prices comparatively lower to rates prevalent in the open market, the minister added.Government would ensure smooth supply of these commodities at the Utility Stores throughout the holy month, the Minister remarked, ...

Pakistan - Industries & Sectors

FPCCI appreciates govt efforts in improving economy ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appreciated the government for undertaking strenuous efforts in improving the economic condition as well as the image of the country by adopting wisdom of policies deliverables.In a statement received here on Saturday, President FPCCI Rauf Alam lauded the steps taken by the Finance Minister Muhammad Ishaq Dar in economic uplift of the country.He said the policy of consultation on core economic issues of national ...

Pakistan - Industries & Sectors

All LNG projects to be completed by 2017 ISLAMABAD: Minister of State for Petroleum and Natural Resources Jam Kamal has said that all the Liquefied Natural Gas (LNG) projects in the country will be completed by 2017.Talking to a private news channel, he said that work is also underway on the financial matters of TAPI and the project will soon be launched.He said that government has inked pacts with Iran in connection with the import of gas which delayed due to international embargoes ...

Pakistan - Industries & Sectors

Freight trains, other steps improve Railways financial health ISLAMABAD: Pakistan Railways has increased number of freight trains ex-port to up-country from one (01) train per day in year 2011-12 to 12 trains in year 2014-15 which resulted in its financial health improvement.The department is also focusing on freight sector and has inducted rehabilitated and new locomotives in freight pool, official sources in the Ministry of Railways told APP.They said the steps taken by present government are showing good results as fiscal deficit of ...

Pakistan - Industries & Sectors

Railways to conduct fresh feasibility study for DI Khan-Quetta route ISLAMABAD: Pakistan Railways has decided to conduct a fresh feasibility study for connecting Dera Ismail Khan with Quetta under Medium Term Development Framework (2020-25) of China-Pakistan Economic Corridor (CPEC).According to official documents, the fresh input/Terms of Reference (TORs) are being prepared for implementation of the project.The connectivity of Dera Ismail Khan with Quetta is a part of future Railways Development Plan. The proposed route, 538 Km in length will connect Quetta with DI Khan via ...

Pakistan - Industries & Sectors

Telenor Pakistan launches 3G handsets Telenor Pakistan, introduced three new handsets including one feature and two smartphones, as it looks to expand its 3G portfolio.According to local media reports, the company introduced newer devices namely: Star 3G, Smart Zoom, and Smart Max, which are priced Rs3,690, Rs5,790 and Rs7,190, respectively.“Capturing more than 32% of Pakistan’s entire 3G broadband landscape is yet another testament to our commitment toward facilitating 3G uptake by providing best-in-class and affordable internet services to all. We ...

Pakistan - Industries & Sectors

Investment in IT domain up at US$5.14bn ISLAMABAD: The investment in Information Technology domain in Pakistan has risen to US $ 5.138 billion as the sector is flourishing with each passing year.The amount includes investment made between 2010 and end-2015. A good year for investment was 2014 when an amount was US $ 1,815.6 million and US $ 851.6 million in 2015, in wake of 3G and 4G launch.Regulator - Pakistan Telecommunication Authority (PTA) and five key mobile companies operating in Pakistan ...