06292016Wed
Last update: Wed, 29 Jun 2016 06am

Industries & Sectors

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 installation of modern Auto Block Signaling System at a cost of Rs 1,500 million.Answering a question, the official informed that 90 kilometres, out 433 kilometers Auto Block Signaling system and two stations out of 31 stations are opened for traffic after installation, testing and commissioning of modern computer based interlocking (CBI) system, he added.The official said that 86kms Auto Block Signaling System and four more stations have been opened for traffic under CBI system during ...

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 ...

Pakistan - Industries & Sectors

HESTSI critical of HESCO,WASA for loadshedding, short supply of water HYDERABAD: The office bearers of Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) have criticised hours long load shedding and acute shortage of water supply and demanded of the government to take immediate notice and provide sigh of relief to citizens of Hyderabad.In a statement issued here on Saturday evening, the President HCSTSI Muhammad Akram Ansari, Senior Vice President Sikandar Ali Rajput, Vice President Doulat Ram and members of the Executive Committee said that ...

Pakistan - Industries & Sectors

Ecommerce giants Daraz and Kaymu merge Rocket Internet, the German startup giant has announced the merger of the two leading e-commerce players of Pakistan Daraz and Kaymu, into a single entity called Daraz Group.According to TechInAsia, the newly born Daraz Group will combine the two companies under one roof. The move will help “leverage synergies on the growth and cost side,” said Rocket Internet. Whereas, operations like marketing, IT, and business intelligence for the group will be centralized in Karachi, Pakistan. ...

Pakistan - Industries & Sectors

IESCO disconnects power supply to defaulter organizations ISLAMABAD: The Islamabad Electric Supply Company (IESCO) has started drive against defaulters organizations in its circles and disconnected power supply to various organizations for not clearing outstanding dues.The IESCO Spokesman told APP here that in Islamabad Circle, power supply was disconnected to the offices of Chief Commissioner and Inspector General of Police and Capital Development for not payment of bills.He said that in Rawalpindi Circle, power supply to Project Director Office NVIC, administrator offices of ...

Pakistan - Industries & Sectors

Pakistan should coordinate with UK officials to continue trade: FPCCI ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Regional Standing Committee, Chairman Ahmad Jawad on Friday called for immediate coordination with UK officials to find the way how trade shipments may continue between two countries after Britain voted to leave European Union (EU).Earlier, EU was in charge on trade policy and the trade negotiations with non EU countries are conducted by the European Commission on the basis of a negotiating mandate from the ...