Sadia Saeed

  • TKARACHI - Karachi Electric Supply Company (KESC) has paid Rs1.34 billion to Sui Southern Gas Company (SSGC), out of the total amount of Rs4 billion of the monthly bill charged for the month of August. The outstanding dues of Rs13.65 billion has yet to be paid by the KESC to SSGC, the source ...

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  • TKARACHI - The Karachi Electric Supply Company continued to make the lives of its consumers miserable even in the holy month of Ramzan. The citizens in the metropolis are facing prolonged power outages throughout the day, and there is no respite even in Sehri and Iftar timings. The city continued ...

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  • TKARACHI - Pakistan State Oil (PSO) has received around Rs 14 billion from the government out of outstanding circular debt of power sector. Now, the circular debt has been trimmed to Rs 88.964 billion, while the payable by the PSO is Rs 85.037 billion, according to the sources. It is worth ...

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  • TKARACHI - The Karachi Electric Supply Company (KESC) will now take aggressive steps against the electricity theft, including the commercial, industrial, residential and welfare organisations involved in such criminal act, said the CEO KESC, Naveed Ismail. He said that the utility had requested the ...

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  • TKARACHI - Pakistan State Oil (PSO) may face default on its payment obligation for LCs for oil purchase from international market, if the issue of circular debt of the company is not resolved in few days. The circular debt has now touched the highest mark in the history of the PSO, as it is now ...

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  • TKARACHI - Despite their commitment with the Civil Aviation Authority (CAA), two private airlines, Air Blue and Shaheen Airline, are not operating on the remote routes in Pakistan, despite getting license for operation in Pakistan in this regard, The Nation learnt from the sources. The private ...

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  • TKARACHI - The Economic Coordination Committee (ECC) has given approval for Iran-Pakistan Gas Pipeline project, costing $ 1.2 billion. It has been decided that the route of pipeline will be all the way through land from Balochistan to Nawabshah. The meeting of sub- committee of the ECC on ...

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  • TKARACHI - The circular debt of PSO is mounting and the company is facing Rs 2 billion losses per day, as the power sector, the major buyer of furnace oil, is defaulted in payback to PSO. At present, outstanding dues from HUBCO, KAPCO, PEPCO and PIA stand at Rs 91,788b, The Nation learnt from ...

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  • TKARACHI - A senior Pilot of Boeing 777 and his first officer are being penalised by PIA management for refusing to fly on short rest, the pilots have been given notice for doing so under the most controversial Removal from Service Ordinance 2000, The Nation learnt from sources. According to sources ...

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  • TKARACHI - The Pakistan Steel Mill (PSM) has amplified the existing prices of all its major steel products in the backdrop of high steel prices in the international and local market. Rs 1,000 to Rs 2,500 per ton increase has been announced which would be effective from 15th of August. The prices of ...

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  • TKARACHI - Pakistan State Oil (PSO) is dealing with number of constrains while supplying furnace oil to power sector in the country, according to PSO report. It is worth mentioning that PSO is the major supplier of furnace oil to the power industry. PSO has the loins share in oil market, as it ...

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  • TKARACHI - Pakistan State Oil Company (PSO) has reported Rs6.7 billion after tax loss in FY09 against profit after tax of Rs14 billion during FY 08, mainly due to higher financial servicing cost and the inventory losses which incurred during the first half of FY09, Irfan Qurashi, MD PSO told ...

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  • TKARACHI - The Pakistan State Oil (PSO) is expected to post profit of Rs 2.4 billion during 4QFY09 as compared to earnings of Rs 5.6 billion in the similar period last year. Moreover, HUBCO is expected to register earnings of Rs 4 billion as compared to profit of Rs 2.6 billion last year, say ...

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  • TKARACHI - The inefficiency and inept handling of the situation has been playing havoc with the great national asset - Pakistan Steel Mills (PSM) - as one of its two Coke Oven Batteries (COB) has not been repaired even after a lapse of five months, The Nation learnt Wednesday. The COB-2 has resumed ...

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  • TKARACHI - The prices of petroleum products are expected to be raised in August in the backdrop of fresh spree of depreciation of rupee value against the US dollars, sources told The Nation. It is worth mentioning that the steep increase in the value of dollar has surfaced after the decision of ...

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  • TKARACHI - The Pakistan Steel Mill (PSM) has increased the prices of all its major steel products from Rs 1,500 per ton to Rs 5,000 per ton. The price of Ammonium Sulphate has been declined by Rs 1,000. The product was of Rs 16,000 per 50 kg bag, now the price of same is Rs 15,000. The prices of ...

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  • TKARACHI - The Pakistan Airline (PIA) and Pakistan Airline Pilot Association (PALPA) is likely to sign a Working Agreement (WA) by July 31, as negotiations on WA are going successfully, said a reliable PALPA source. The pilots have agreed for the salary raise of 13 % from now on. It is worth ...

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  • TKARACHI - The management of Pakistan International Airlines (PIA) has used for the first time the Removal from Service Ordinance (RSO-2000) (Special Powers) against a pilot of 30 years of experience and forcing him to resign from service, a source disclosed to TheNation. He added that the ...

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  • TKARACHI -The Pakistan State Oil plans to import 1,085,000 MTs of fuel oil during August 2009, said PSO Managing Director Irfan Qureshi on Saturday. While giving out the presentation on current product supplies to power sector in the country, he said, out of the total fuel oil to be imported, 220000 ...

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  • TKARACHI - The Pakistan Steel Mills (PSM) will get its first vessel of iron ore (raw material) on July 27 (tomorrow) which has been arriving from Iran and India, while the influential steel dealers and suppliers in the country have stopped 'price adjustment that had to be made on July 20. The ...

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  • TKARACHI - The Karachi Electric Supply Company (KESC) touched 1917 megawatts of electricity supply at 2p.m Wednesday against the total demand of 1965 MW, while the remaining 48 MW could not be supplied because of individual constraints, including incidents of theft of conductors and high tension ...

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  • TKARACHI - The Karachi Electric Supply Company (KESC) was miserably failed to restore power supply in the metropolis on the fourth consecutive day on Tuesday. It is pertinent to mention here that Chief Minister, Syed Qaim Ali Shah, had directed the KESC to resolve the issue by Tuesday night. ...

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  • TKARACHI - The confrontation between the Pakistan Air Line (PIA) and Pakistan Airline Pilot Association (PALPA) is likely to raise its head, as the negotiation on Working Agreement (WA) seems going into vain, said a reliable source. Both the parties have agreed to sign the WA on July 31, 2009; this ...

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  • TKARACHI - The City of lights is in complete darkness for the last three days as the record-breaking power breakdown that started on Saturday night is still persisting on Monday evening. No wonder the Karachiites, fuming at the authorities, have vented their anger by attacking KESCs offices in ...

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  • TKARACHI - The heavy rain in the city by the sea washed away all the claims made by the Karachi Electric Supply Company (KESC), as most of the areas in the city faced power outage with first drop of rain. According to the met reports, Karachi has witnessed 22 ml of rain since the rain had started ...

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  • TKARACHI - The shortage of raw material Friday forced Pakistan Steel Mills (PSM) to close two of its blast furnaces, The Nation learnt reliably. According to the source, the blast furnace one has been started later while the furnace number two has been put on stand by. This is because both the ...

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  • TKARACHI - The Karachi Electric Supply Company (Kesc) has owed Rs10 733 billion to Sui Southern Gas Company (SSGC), in outstanding arrears, till July 15, while Rs3.4 billion will be added to the outstanding amount by July 20, swelling the dues to Rs 14 billion, The Nation leant on Wednesday. The ...

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  • TKARACHI - The Karachi Electric Supply Company (KESC) on Tuesday resumed multiple spells of power outages in the city on the pretext of gas shortage for its electricity generating plants. Almost all areas in the metropolis faced 3 to 4 hours of loadsheding on Tuesday. Sui Southern Gas Company ...

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  • TKARACHI- People across the country have strongly protested against the latest increase in the prices of petroleum, sources revealed to The Nation on Wednesday. It may be recalled here that the government had significantly increased the prices of POL products on Tuesday despite the clear instruction ...

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  • TKARACHI- Pakistan Steel Mills (PSM) has increased the prices of all its major steel products from Rs500 per ton to Rs1500 per ton. The prices of billets, the major steel product has been increased by Rs500 per ton, previously, the price was Rs35,000 per ton to Rs37,700 per ton. Its rates are now ...

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