02122016Fri
Last update: Fri, 12 Feb 2016 02pm

Industries & Sectors

Pakistan - Industries & Sectors

PR needs 500 locomotives to meet anticipated traffic ISLAMABAD: Pakistan Railways requires 500 locomotives to meet anticipated freight and passenger traffic in next ten years.The process was underway for upgradation and commercial operations of Pakistan Locomotive Factory Risalpur on joint venture basis with private sector participation, an official in the Ministry of Railways told APP.He said with this in view many companies of the world are ready to enter into cooperation with Pakistan Railways for assembly and manufacturing of locomotives and other activities.The process of induction of new locomotives has been started and an order for 55 high horsepower has been placed on General Electric of the United State of America, he added.He said the government was taking concrete measures to make the Pakistan Railway as profitable entity as the fiscal deficit of Pakistan Railways for year 2014-15 stands at Rs 27.247 billion as compared to the financial 2013-14 which was Rs 32.527 billion.To a question, the official ...

Pakistan - Industries & Sectors

3G, 4G subscribers increasing consistently ISLAMABAD: The mobile broadband (3G-4G) subscribers in the country have been increasing consistently and it appears from on-going subscription trend that number may cross 25 million mark soon.During past 5 months, 3G-4G subscribers in the country have been surging by a monthly average of 1.6 million.The figures revealed by Pakistan Telecommunication Authority (PTA) till November last year confirmed that there are around 21.65 million 3G-4G subscribers with Mobilink leading the sector by scoring 6.8 million ...

Pakistan - Industries & Sectors

Agreement regarding branding signed LAHORE: An agreement was signed between the Pakistan Railways (PR) and Pakistan Railway Advisory & Consultancy Services Limited (PRACS) regarding branding of trains and railway stations at the PR Headquarters on Saturday.PR Chief Commercial Manager Passengers Khalid Khursheed Kanwar and PRACS MD Shamim Ahmad Sherazi signed the agreement.Federal Minister for Pakistan Railways Khawaja Saad Rafique was also present.According to the agreement, initially branding would be carried out at 14 railway stations besides using five trains ...

Pakistan - Industries & Sectors

No mismanagement in PIA employees provident fund ISLAMABAD: Spokesman Pakistan International Airelines (PIA) on Saturday clarified that media reports regarding irregularities in provident fund of PIA employees is baseless and there is no mismanagement in this fund.In a statement, he said PIA owes some money of provident fund and this liability is being disclosed in PIA's accounts since 2009.Despite this, mark-up is being paid, therefore there is no loss to the fund.SECP's queries on PIA's accounts are a routine matter and are ...

Pakistan - Industries & Sectors

K-Electric carries out operation against defaulters KARACHI: K-Electric has provided details of its ongoing Operation Burq campaign carried out in different areas of Karachi, said Spokesperson of the utility service here Friday. The raids were conducted in areas included Orangi, Lyari, Baldia, Uthal, SITE amongst others. Almost 2,000 illegal connections were pulled down and confiscated from different areas whereas these illegal connections (Kunda wires) weighed over 1200 KG. An FIR was lodged against a consumer involved in direct electricity theft and ...

Pakistan - Industries & Sectors

Chairman NDMA for integrated disaster management system ISLAMABAD: Chairman National Disaster Management Authority (NDMA) Major General Asghar Nawaz Friday underlined the need for further strengthening the integrated disaster management system and devising effective coordination mechanism among all stakeholders to ensure better preparedness against natural calamities.Addressing the participants of a day-long 'National Review Conference-2015' held to analyze flood management and response efforts undertaken last year, he appreciated the collaborative role of various departments that resulted in satisfactory management of 2015-floods.The chairman highlighted importance ...

Pakistan - Industries & Sectors

3600 MW to be generated through RLNG: Senate told ISLAMABAD: Minister of State for Water and Power Abid Sher Ali Friday informed the Senate that some 3600 MW of electricity would be generated from RLNG.Replying to a question during Question Hour, the minister said that the government was pursuing renewable energy projects to meet the growing requirement of electricity.He said power plants running on expensive fuel were being converted to RLNG and coal to generate cheap electricity.The minister said today total power generation stood ...