PRA collected Rs12b in December

LAHORE (Staff Reporter): A meeting, chaired by Member Operation, Commissioner Javed Ahmed, was held to discuss the half yearly tax revenue target at PRA Headquarters. The officers briefed the Member Operation about the current state of tax collection while presenting the combined figures for the first and second quarter of the current financial year, 2017-18 where the total revenue collection was registered at Rs. 49.5 billion compared to Rs 36.5 billion revenue generated for the same period for the corresponding period of previous year. The officers also presented figures for December which were recorded at an astonishing Rs 12.11 billion compared to Rs 7.7 billion recorded last December, which is 57% higher.  Member Operation appreciated the effort put forward by the officers for generating high tax revenue collection and stated that, with efforts of the officers, PRA is on course towards achievement of new financial year tax revenue record. The collection figures are being finalized till the time of filing of this report.

Pepco for early installation of connections

LAHORE (PR): PEPCO has directed all CEOs of distribution companies (DISCOs) for installation of sanctioned and all pending new electricity connections specifically industrial and commercial without unnecessary delay. The directions were issued by MD PEPCO to CEOs consequent upon a review meeting. In his letter addressed to chief executive officers, Hehad instructed that early installation of connections will avoid hassle to consumers and will save the opportunity cost due to loss of revenue to public exchequer. MD PEPCO took serious view of the referral of certain cases to Ministry of Energy (Power Division) and PEPCO. He said that all CEOs have the exclusive competent authority to take decisions without any limit of connection power/load in their respective companies/area of responsibility. He directed to facilitate the consumer at all levels. He also warned the CEOs of DISCOs that if the situation does not improve in subsequent monthly reviews, PEPCO may consider extreme measures like referring the matter for investigation by NAB and FIA.

Momentum Tech Conference in Feb

LAHORE (Staff Reporter): In the run-up to the Momentum Tech Conference to be held in the third of week of February in Karachi, Abacus Consulting and Momentum Pakistan are launching the first-ever API (application programming interface) hackathon – APIthon - in Lahore on January 13 and 14 where startups will be tasked with consuming Pakistan's major companies’ open APIs. The event, where startups can register and participate free of cost and try their tech skills to build innovative products and services, will have access to open APIs of Telenor Pakistan, Apigee, JS Bank, Easypaisa and Telenor Bank. Shoaib Khan, vice president of Abacus Consulting financial services and digital, said: “By harnessing the power of open APIs coupled with the intelligent, secure API management system, startups and corporations will have endless opportunities to mutually design and explore an ecosystem focused on disruption and experimentation – an ecosystem that will continue to grow long after the APIthon.”

The APIthon expects the participants to come up with an upgraded or new service(s), by consuming partner companies’ APIs, in their existing app and/or revenue stream. The best three services will get the winner prizes. Facebook, Google and Amazon have opened their APIs’ access to other vendors the world over for the advancement of technology. PR all set to start 14 local trains

ISLAMABAD (APP): Ministry of Railways is all set to start 14 local trains between Sambrial, Pasrur and Wazirabad under public-private partnership to facilitate passengers of the area. Pakistan Railways and private company is endeavoring to restore the deserted 14 railway stations including Sohawa, Begowala, Sambrial, Saahowala, Uggoki, Sialkot, Naseerabad, Gunnah Kalan, Alhar, Chawinda and Pasrur, an official in the Ministry of Railways told APP. He said the trains would facilitate more than four million population of Sialkot district by providing them with the improved railway journey facilities. The official said all the necessary arrangements in this regard have also been finalized by the Pakistan Railways and the private company. The official said Pakistan Railways and private sector will jointly run the trains from Sialkot junction railway station to Pasrur and from Sialkot to Wazirabad via Sambrial. He added that each of these trains would carry 1,800 passengers. The local trains will be carrying Wi-Fi and canteen facilities.

The local trains will have eight bogies each to facilitate the local people, the official added.

“The old people and children under the age of 10 years will enjoy free of cost journey while the students will get 50 percent special discount,” he added.

He informed that the project has been kicked off under the Pakistan Railways rehabilitation work of the railway stations lying deserted for years.