Fawad Yousafzai

  • Islamabad -  The Senate Standing Committee on Pakistan Railways on Thursday raised questions over the leasing out of the railway land to the Defence Housing Authority (DHA) in Bahawalpur. The committee headed by Senator Fateh Muhammad Hassani took strong exception to the issue questioning who ...

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  • ISLAMABAD - A Parliamentary Committee Wednesday observed that Punjab is getting its full share of employment in the Distribution Companies (Discos) of other provinces but is not providing quota to other provinces in its Discos. The sub-committee of Senate Standing Committee on Water and Power also ...

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  • ISLAMABAD  - The National Electric Power Regulatory Authority (Nepra) on Tuesday approved Rs1.90 per unit reduction in power tariff for the Ex-Wapda distribution companies (Discos) for May under monthly fuel adjustment formula. In a public hearing, on the petition filed by Central Power ...

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  • ISLAMABAD - While pointing towards the slow progress of work on Diamir-Bhasha dam, a member of the parliamentary committee said on Monday that so far only one Mosque has been constructed at the site of the reservoir. The National Assembly Standing Committee on Planning, Development and Reforms also ...

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  • ISLAMABAD - The completion of Right Bank Outfall Drain (RBOD) projects hit another snag as after the failure of federal and Sindh government to resolve the funding issue, the planning ministry has allowed the re-appropriation of the amount of Rs4.8 billion earmarked for RBOD-I, II and III to other ...

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  • ISLAMABAD -  The parliamentary committee was informed on Friday that the tenders for the construction of 800MW Munda/Mohmand Dam will be invited by the end of 2017. The Senate Functional Committee on Problems of Less Developed Areas, chaired by Senator Usman Kakar, observed that out of 820 ...

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  • ISLAMABAD -  Senators on Thursday alleged that the Khyber-Pakhtunkhwa (KP) was getting around 1,378 megawatts (MW) of electricity against a need of 2,850MW from the federal government, which was almost 52 percent less than the total requirement. The concerns were expressed by the lawmakers at ...

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  • Islamabad - The construction work on Gwadar International Airport is likely to start by the end of September this year, it is learnt reliably here. After the approval of grant by Chinese government work has been accelerated for the development of the airport and now the construction will start in ...

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  • ISLAMABAD - Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that Pakistan’s agreement with Qatar for import of LNG will not get affected due to the prevailing situation in Gulf States. “Pakistan has 15-year commercial contract with the Qatar for LNG supply and ...

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  • ISLAMABAD - Dozens of Public Sector Development Programme (PSDP) funded development projects of the Ministry of Planning are currently operating without full-time project directors (PDs). There are more than 30 PSDP funded projects of the Ministry of Planning, Development and Reforms and 80 percent ...

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  • ISLAMABAD -  The Central Development Working Party (CDWP) Friday approved seven development projects worth 61.9 billion rupees. The CDWP meeting, presided over by Federal Minister for Planning, Ahsan Iqbal, recommended Executive Committee of National Economic Council (ECNEC) to consider ...

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  • ISLAMABAD - The Khyber Pakhtunkhwa government on Thursday sought 390 percent increase in Net Hydel Profit (NHP) from current Rs1.10 per unit to Rs5.38 per unit. In a public hearing held at Nepra, under the chairmanship of Nepra Vice Chairman Saifullah Chatha on bulk supply tariff petition of Wapda ...

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  • ISLAMABAD - The Indus River System Authority (Irsa) has increased the water releases from Tarbela dam to keep the reservoir level below 1480 feet required for the continuation of work on Tarbela 4th Extension Hydroproject. “Wapda has asked the authority to keep the reservoir level below 1480 ...

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  • ISLAMABAD - China Pakistan Economic Corridor (CPEC) early harvest projects have created direct employment for over 30,000 Pakistani engineers and workers, official data revealed. According to the planning commission data available with The Nation, out of the total 38,000 jobs, under early harvest ...

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  • ISLAMABAD -  National Transmission and Despatch Company (NTDC) has added only 87Km 500kV and 220kV transmission lines against the target addition of 779km during fiscal 2016-17. The total target for adding 500kV lines during 2016-17 was 382 Km; however, NTDC added only 9 Km, while for 220kV ...

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  • ISLAMABAD -  The Ministry of Water and Power claimed that it had achieved the highest-ever generation record of 18904MW on Friday peak hours, breaking its own recorded highest generation of 18680MW on same day. “Another record of 18671 MW at 2037 hours achieved. Will beat the load ...

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  • Islamabad - The Senate Standing Committee on Planning and Development on Thursday recommended that the government raise by 20 percent salaries and pension of government employees. “The current decision about 10 percent raise in salaries and pension is insufficient and there is a need to ...

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  • Islamabad - A social media campaign, primarily launched by consumer rights groups in Karachi urging people to stay away from buying fruit for three days, will kick off ‘across the country’ from Friday (today). The “Fruit Boycott Campaign” was launched earlier on the social ...

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  • ISLAMABAD - Taking notice of the woes of the Karachiites, caused by frequent tripping and prolonged loadshedding, the Nepra has decided to depute a team to monitor and verify the outages in different areas of Karachi, current generation capacity of K-Electric, its utilisation, frequency of tripping ...

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  • ISLAMABAD -  The government has reduced prices of the High Speed Diesel (HSD) and M/S (petrol) by Rs1.60 per litre and Rs1.20 per litre respectively for the month of June. According to the government notification, diesel prices have been reduced by 1.93 percent or 1.6 rupees per litre and ...

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  • ISLAMABAD -  Oil and Gas Regulatory Authority (Ogra) yesterday recommended the government to reduce motor gasoline (petrol) and high speed diesel (HSD) by Rs2.30 and Rs3.20 per litre respectively for the month of June. However, the Ogra suggested increasing Kerosene price by Rs13.60 per litre ...

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  • ISLAMABAD - Pakistan Power and Infrastructure Board (PPIB) on Tuesday issued Letter of Interest (LOI) to China Communications Construction Company Limited (CCCC) for development of 300MW imported coal-fired power project at Gwadar. The documents in this regard were signed by PPIB Manging Director ...

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  • Islamabad - Despite providing subsidy and relaxation in GST to fertilizer sector, the prices of DAP and Urea in Pakistan are much higher as compared to the other south Asian countries. The price of 50Kg DAP bag in Pakistan was Rs 2588 in April, which was 57.61 percent or Rs 946 per bag higher than ...

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  • ISLAMABAD -  The federal government has announced a 40 percent increase in its development budget over the next financial year. Presenting the federal budget in National Assembly on Friday, Finance Minister Ishaq Dar said the Public Sector Development Programme would have its funding increased ...

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  • ISLAMABAD - The overall allocation for the energy sector has been decreased by Rs 3 billion, from 380 billion in 2016-17 to Rs 377 billion in the fiscal 2017-18. Of the total allocations of Rs 377543.165 million, for the development of power sector in FY 2017-18, Rs 5161.968 million are funded ...

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  • Islamabad -  Incidents of terrorism have incurred a cost of $123.13 billion to Pakistan during the past 16 years, said the Pakistan Economic Survey 2016-17. According to the survey titled “Impact of War in Afghanistan and Ensuing Terrorism on Pakistan’s Economy”, the direct ...

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  • ISLAMABAD - The power generation in the country has decreased by almost 16,764GWh to 85,206GWh during July-March FY2017 from the generation of 101,970 during July-March FY2016. Although the installed capacity of power generation has increased to 25,000MW from 22,900MW during corresponding period ...

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  • ISLAMABAD - The CPEC long-term plan will bring an investment of hundreds of billions of dollars, much more than the $60 billion dollar estimated for the ongoing short-term plan. The China-Pakistan Economic Corridor (CPEC) project has been divided into three phases: short-term plan to be ...

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  • ISLAMABAD - Sindh has offered the federal government that they will purchase the entire 420MW to 450MW bagasse-based electricity if National Transmission & Despatch Company (NTDC) is facing capacity trap problem. The Central Power Purchasing Agency (CPPA) board will today (Thursday) consider ...

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  • Islamabad -  The Federal Investigation Agency (FIA) has reported that 66 percent bowsers (tankers) involved in the theft of billion of rupees crude oil in Karak district of Khyber-Pakhtunkhwa were owned by the National Logistic Cell (NLC). A report submitted by the FIA to the National Assembly ...

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