ISLAMABAD:- PIA on Tuesday received delivery of two aircraft which has increased the fleet size of the national flag carrier to 37. According to PIA spokesman, the two aircraft, which have been parked at the Jinnah International Airport, Karachi include a Boeing 777-200ER and an Airbus A-320. The planes would soon be put to operation after completion of

formalities. PIA’s fleet size has doubled since June 2013 and there are plans to further

expand it to 40 by the end of this year.–Staff Reporter

Rs68.24b released for development projects under PSDP

ISLAMABAD (NNI): The government has released over sixty eight point two four billion rupees for different social sector developmental projects under PSDP 2015-16. According to latest data released by the Planning Commission of Pakistan, the government released fourteen point six five billion rupees for HEC. Another fourteen point one seven billion rupees have released for infrastructure development projects under National Highway Authority. Meanwhile, a sum of 7.810 billion rupees has released for uplift and improvement of the services of Railways Division. Under PSDP, five point nine four billion rupees have been released for different projects of National Health Services, Regulations and Coordination Division.

The government has released about six hundred million rupees for National Food Security and Research Division.

Over twenty three billion rupees have been released for WAPDA to overcome the shortage of energy in the country.

SECP organises awareness

session for ICAP members

ISLAMABAD (APP): The SECP in collaboration with the ICAP organizes an awareness seminar on general issues faced by the practicing chartered accountants. The SECP officials briefed the participants on the regulator’s perspective on audit profession and informed about the general non-compliances to be observed during inspection of audits, said a statement here Tuesday. The chartered accountants were also briefed about the initiatives taken by the SECP to address future challenges faced by the audit profession. To elaborate upon generic non-compliances, the participants were informed about incidents of non-compliances, on which proceedings were initiated against the practicing chartered accountants in the last four years.

The ICAP’s representatives, during their presentations drew attention towards some of the issues and irregularities which were identified during the investigation process and Quality Control Review (QCR).

Drip, sprinkle irrigation system

installed at 700 acres in Multan

MULTAN (APP): Farmers lackluster response is creating hurdles in the promotion of drip and sprinkle (rain like) irrigation system as only 700 acres could be equipped with the new technology, out of the total set target of 4000 acres. Regional Project Director High Efficiency Irrigation System (HEIS) Raees Ahmed Raees while talking to APP on Tuesday informed the government was offering 60 percent subsidy on the promotion of irrigation system. He said the department had set a target to install drip and sprinkle irrigation system at 4000 acres in the district but only 700 acres could be equipped with the system. He suggested farmers to adopt the latest system of irrigation in order to cope with water shortage and enhance yield.

About difference in the drip and sprinkle system, Raees said that drip system was installed at orchards, cotton crops etc while sprinkle system at wheat, fodder and other such like crops.

Responding to a query about average cost of the system at one acre, he said that farmers had to bear nearly Rs 40,000 to Rs 45,000 per acre.

The government is providing the facility of subsidy only to those farmers who have 3 to 15 acres of land and once the system was installed, it remained functional for nearly 10 to 12 years, he added.

He said the agriculture department was striving hard to promote HEIS in the district to deal with water scarcity issues.

Telecom imports down 20.81 percent in Jul-Sept

ISLAMABAD (APP): The telecom sector imports have declined by 20.81 percent in July-Sept (2015-16) as compared to same period of the year 2014-15. The imports of telecom sector decreased from $394.983 million in first three months of 2014-15 to $312.792 million during same period of current fiscal year. According to data released by Pakistan Bureau of Statistics (PBS), on year-on-year and month-on-month basis, the telecom sector imports increased by 3.29pc and 5.17pc in September 2015 when compared with that of September 2014 and August 2015 respectively. The telecom sector imports increased from $119.570 million in September 2015 to $115.763 million in September 2014 and $114.945 million in August 2015.

Likewise the imports of mobile phone increased from $165.998 million in July-September 2014-15 to $172.857 million in July-September 2015-16 thus showing an increase of 4.13 percent.