AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, November 19, 2012 (PPI-OT): Mainstreaming gender across NSS: Country faces range of challenges
According to MR Securities, Asian Development Bank (ADB) has said that lack of political will and administrative system discourages the development of a responsive and effective National Statistical System (NSS) in Pakistan.
With HSBC acquisition, JS Bank shows its deal-making savvy
Deal structure is not often an element of merger strategy Pakistani corporations pay attention to; but with its acquisition of HSBC Pakistan, JS Bank has shown paying attention can make all difference in the world.
Achieving fiscal year 2013 deficit target a herculean task: SBP
The State Bank of Pakistan (SBP) has reportedly said that achieving the budgeted 4.7 percent fiscal deficit target in the prevailing situation is a Herculean task and deficit is unlikely to be contained below 6 percent for the current fiscal year, it is learnt.
New formula to cut urea price by Rs 150 / bag
The Ministry of Industries and the fertilizer industry have jointly tailored a new urea price formula, which recommends slashing of Rs68 per MMTBU in Gas Development Surcharge (GDS), 4.7 per cent reduction in GST and provision of 200 MMCFD uninterrupted gas supply to urea plants, which will reduce the price of urea by Rs150 per bag.
SBP injects Rs546 billion in banking system
SBP on Friday injected Rs546 billion worth of liquidity in the banking system through open market operation in a view to fulfill the short-term liquidity requirements of the banks
Oil sales decline by 13%
Oil sales during the outgoing month of October declined by 13 percent led by lower furnace oil and high-speed diesel off-take on account of lower sales by marketing companies other than Pakistan State Oil (PSO) due to eroding margins
Reduction in car prices: local car assemblers turn down government request
Local car assemblers have turned down federal government’s request for reduction price of cars from Rs.50,000 to Rs.100,000 per car in lieu of lowering age limit of used imported cars to 3 from 5 years.
OGRA proposes Rs13 per kg hike; SC to consider on Monday
Oil and Gas Regulatory Authority (Ogra) on Saturday proposed a hike in CNG prices of up to Rs13 per kilogramme (kg) to keep CNG stations operating in the country.
Turkmenistan pushes TAPI gas pipeline
Turkmen-istan is pushing ahead with plans to build a hugely ambitious pipeline to transport its gas through conflict-torn Afghanistan to India and Pakistan, despite concerns about the viability of the project.
Timely investments bring Al-Abbas back to profitability
It is one of the smallest cement manufacturers in the country, but Al-Abbas Cement is determined to become one of Pakistan’s most efficient, investing in new machinery and increasing its capacity utilization to well-above the market average, a strategy that is already beginning to pay off for the company.
Neelum-Jhelum project: TI Pakistan seeks Prime Minister’s intervention in Rs seven billion alleged loss to exchequer
Transparency International Pakistan has drawn Prime Minister’s attention to the allegation of loss to exchequer of rupees seven billion in the award of contract by Wapda of two tunnel boring machines (TBMs) for Neelum-Jhelum project and increase in the project cost from Rs 15.23 billion to Rs 274.8 billion (1,800 percent) in 10 years.
Thermal Power Plants: ministry asked to ensure provision of fuel
Prime Minister Raja Pervez Ashraf has directed the Ministry of Petroleum and Natural Resources to work in close co-ordination with the Ministry of Water and Power and ensure provision of fuel to Thermal Power Plants so that power generation in the country is maintained at the optimum level.
Punjab asks to prefer irrigation over hydro-power generation
The Punjab government called upon the federal government to give preference to sowing, growing and maturing the strategic Rabi 2012-13 season crops including staple food wheat in the use of available water in the dams rather than generation of hydro-power during the winter period.
TSML Engineering becomes sole distributor of SolarWorld
Tuwairqi Steel Mills Limited (TSML) Engineering, a division of Tuwairqi Steel Mills, has become the exclusive distributor of SolarWorld AG’s photovoltaic modules in Pakistan.
Lawmakers misusing development funds: USAID
Parliamentarians are misappropriating annual development funds by including politically-motivated projects in the Public Sector Development Programme (PSDP) 2012-13, a latest USAID study.
Islamic banks await framework on profit distribution, pool management mechanism
The Islamic banking industry has been waiting for the issuance of a standardised framework on distribution of profit and pool management mechanism for the Islamic banking institutions so that the procedure of financial reporting and general disclosure could be streamlined.
WAPDA master plan reaches execution phase
The Water and Power Development Authority (Wapda) is working to execute its master plan for optimal utilisation of Pakistan’s indigenous water and hydropower resources to supplement water for irrigated agriculture and add a good quantum of low-cost hydel electricity to the national grid.