Fawad Yousafzai

  • 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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  • ISLAMABAD - The National Economic Council (NEC) on Friday approved the country’s total development budget for fiscal year 2017-2018 at Rs2.113 trillion, showing highest-ever increase in the overall national outlay, and set the economic growth target at six per cent. Prime Minister Nawaz ...

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  • ISLAMABAD - The federal government has assured the Sindh government that it will allocate required funds for the K-IV project in the upcoming budget and two to three projects of the province will be added to the development programme. “In the meeting of the National Economic Council I have ...

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  • ISLAMABAD - Pakistan and China agreed to revise and update the list of CPEC Energy Cooperation Project, removing 5 pending projects with the combined capacity of 3470 Megawatt, it is learnt reliably here Thursday. In February it was agreed between the Chinese and Pakistani experts to drop five ...

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  • ISLAMABAD - While showing displeasure over the allocation of funds, Khyber Pakhtunkhwa Finance Minister Muzaffar has said that none of the 12 projects presented by the province was included in the Public Sector Development Programme (PSDP) 2017-18. “Only Punjab was happy with the PSDP ...

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  • ISLAMABAD - The Planning Commission (PC) has recommended a total development outlay of Rs2,158 billion for the federal and provincial governments to the Annual Plan Coordination Committee (APCC) for fiscal 2017-18; it was learnt reliably here Tuesday. The total national development budget ...

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  • ISLAMABAD - Punjab and Sindh have failed to reduce water losses in rivers and canals as in 48 hours 130,000 cusecs or 45-50 percent water was lost from the system. “We have increased the water outflow from Tarbela due to enhanced inflow but a main share of water is going wasted due to system ...

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  • ISLAMABAD -  The Khyber Pakhtunkhwa government has decided to stop issuance of No Objection Certificate (NOC) to those oil and gas Exploration and Production (E&P) companies whose licences, issued by the federal government, are expired and they are getting extensions. The licenses of some ...

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  • Islamabad -  The government and Independent Power producers yesterday agreed to form various committees for coordinated approach towards the resolution of payment, outstanding dues and tax related issues. The federal government assured the Independent Power Producers (IPPs) that their dues ...

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  • ISLAMABAD -  The water sector seems to be neglected again in the coming fiscal as the government is likely to allocate only Rs35 billion in the Public Sector Development Programme (2017-18) for the water sector, against the demand of Rs144 billion made by the Ministry of Water and Power, it is ...

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  • ISLAMABAD - The federal government has agreed to allow provinces the generation, transmission and distribution of electricity, sources revealed to The Nation on Tuesday. “The government has finalised the proposed amendments in the NEPRA Act after a consensus was reached between the central ...

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  • ISLAMABAD -  Showing their complete annoyance over the performance of the Directorate General Petroleum Concessions (DGPC), Khyber Pakhtunhkhwa government has decided to set up its own provincial Directorate of Petroleum Concessions.  While Sindh asked the Federal government to undertake ...

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  • ISLAMABAD -  Pakistan and China are likely to sign Memorandum of Understanding (MoU) for 4500 megawatt Diamer-Bhasha dam during the Belt and Road Forum scheduled to be held in China next week, it is learnt reliably here. Pakistan will submit a list of important projects, of the long term plan, ...

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  • ISLAMABAD - Sindh government will pay 27 per cent extra as an interest on the loan of $2414.45 million being acquired for the construction of Karachi Circular Railway, it is learnt reliably. The Planning Commission has proposed the Sindh government that interest rate of 2.4 per cent for the KCR ...

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  • ISLAMABAD - The Japanese government has agreed to provide a concessional loan of 2.665 billion yen (approximately $24 million) to the government of Pakistan for Islamabad and Burhan Transmission Line Reinforcement Project. The notes to this effect were signed and exchanged between Japanese ...

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  • ISLAMABAD -  The Central Development Working Party (CDWP) on Wednesday approved development projects worth Rs130 billion, including a CPEC scheme ‘Revival of Karachi Circular Railway’ and a Khyber Pakhtunkhwa government’s ‘Peshawar Sustainable Bus Rapid Transit Corridor ...

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  • ISLAMABAD - The meeting of CDWP will today (Wednesday) consider 18 projects worth billions of rupees, including the much delayed Right Bank Outfall Drain (RBOD-II) project worth Rs64,633.00 million, for approval. It is pertinent to mention here that the Executive Committee of the National Economic ...

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  • ISLAMABAD -  Indus River system Authority has said Sindh is already getting its 500 cusecs water for Karachi from the Irsa under the water-sharing accord, but if Council of Common Interests permits extra water, they will have no objection to it. Sindh was already getting 500 cusecs of water ...

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  • ISLAMABAD - The planning ministry has released billions of rupees to parliamentarians in Punjab for gas schemes. “Despite serious reservations from the province of Sindh, it is an ongoing process and we are issuing funds for new gas schemes, especially in Punjab, every day,” official ...

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  • Islamabad - Prime Minister Nawaz Sharif has called for minimising the role of finance and planning ministries in the release of funds and directed for automatic quarterly release to ministries and organisations according to their budget allocations, according to an official letter available with ...

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  • ISLAMABAD -  The convince losses in rivers have reached to 44-50 percent and Indus River System Authority (Irsa) has warned the provinces to control the losses in rivers otherwise don't blame the authority for the water shortage. "We have told Punjab and Sindh that the losses are way too high ...

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  • ISLAMABAD -  The Oil and Gas Regulatory Authority (Ogra) has recommended the government to reduce Motor Gasoline (Petrol) and High Speed Diesel (HSD) prices by Rs1 per litre each for May. The authority also proposed Rs 15 per litre increase in kerosene oil for the month of May. As per the ...

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  • KARACHI - The State Bank of Pakistan will remain closed on May 1, 2017 (Monday) on the occasion of “Labour Day” as declared by the government of Pakistan.

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  • ISLAMABAD -  Planning and Development Minister Ahsan Iqbal has said that they will pursue the Ministry of Finance to increase the ceiling for the public sector development funds from Rs700 billion to Rs1000 billion for the next fiscal. The minister also said that since June 2013, the ...

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  • ISLAMABAD - Provinces have demanded that the federal government transfer its share in Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited to the federating units while unbundling the gas utilities. The demand came at a meeting of the gas leadership committee. The provinces ...

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  • ISLAMABAD -  The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a total Rs4.35 per unit reduction for February and March under monthly fuel adjustment mechanism. The authority has refused to accept the request of the Central Power Purchase Agency (CPPA) regarding ...

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  • ISLAMABAD -  The meeting of the Council of Common Interest (CCI) has been convened for April 28, 2017 to discuss the implementation of Article 154 of the Constitution, GN Kazi formula for the distribution of net hydel profit and the National Water Policy. Similarly, the 12-point agenda of the ...

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  • ISLAMABAD -  A parliamentary committee on Tuesday directed the Ministry of Planning to approve the PC-I for monitoring of the rise in sea level and the submerging of the precious land of Sindh and Balochistan prior the budget 2017-18. Senate Standing Committee on Planning, Development and ...

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  • ISLAMABAD -  The government is likely to drop off 1,320 MW each Rahim yaar khan coal power plant and Muzaffargarh power plants from the China Pakistan Economic Corridor (CPEC) portfolio projects, it is learnt reliably here on Sunday. The Punjab government is wooing the federal government to ...

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  • Islamabad - The Supreme Court has raised serious objections over appointing handpicked officers as heads of important state institutions in complete disregard for merit, honesty and integrity. “We are in no manner of doubt that by conscious planned and premeditated design all important State ...

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