Waqar Hamza

  • TKARACHI - Pakistan Tehreek-e-Insaaf (PTI) chief Imran Khan on Saturday said that the judiciary wants to implement the rule of law but the government had decided to continue refuting the verdicts of the judiciary. Addressing the Karachi Bar Association at Shuhda-e-Punjab Hall, he said if the ...

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  • TKARACHI - Sindh High Court on Friday issued stay order against the one-day closure of CNG filling stations operating in Sindh & Balochistan provinces. The court suspended the CNG loadshedding notification till further orders. Moreover, the court summoned Secretary Ministry of Petroleum, Managing ...

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  • TKARACHI Federal Anti-Corruption Court on Saturday framed charges against former Chairman Pakistan Steel Mills Moin Aftab Sheikh along with 10 other accused in a corruption case. Judge Shaukat Ali Memon framed the charges against the accused in the corruption case. However, the accused denied them, ...

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  • TKARACHI District and Session Judge (South) Fahim Ahmed Siddiqi summoned Pakistan Peoples Party Information Secretary Fauzia Wahab and the SSP Investigation (South) seeking explanation over her statement, which has hurt sentiments of Muslims, till June 1st. The court issued the orders on an ...

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  • TKARACHI - The profitability of listed oil and gas exploration and production (E&P) companies grew by 13 per cent to Rs 23.4 billion during 3rd Quarter of the Fiscal Year 2010. On the other hand, production remained muted with oil production contracting by 1.7 per cent to 66Kbpd whereas gas ...

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  • TKARACHI - The cellular companies have failed to keep an eye on their respective franchises as they have been found selling geographic numbers, along other irregular activities, which is creating security risk for the subscriber. It has been learnt that though franchises of the cellular companies ...

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  • TKARACHI - The cement sector has witnessed a hefty loss after tax of Rs3.2b during 9-month Financial Year 2010, while the sectors topline continued to remain under pressure amid lower price as overall revenue went down by 12 per cent Year-on-Year during the period mentioned above. The impact ...

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  • TKARACHI - The governments plan to cut 10 to 20 per cent gas to fertilizer sector for 3 months would lead to rise in the import of urea up to 380k tons. Hence, the subsidy burden on imported urea will enhance by Rs3 to 4 billion, while the supply shortfall could adversely affect fertilizer prices. ...

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  • TKARACHI - Pakistan Steel Mills might not receive the amount announced in the bailout package by the government as the finance division has asked PSM to give security about the payback of the money fearing that PSM could use the money for retiring its liabilities. The Nation has learnt that PSM has ...

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  • TKARACHI - The present CEO of USF Pervez Iftikhar is going to complete his tenure on the 30th of this month. The Nation has learnt that despite the fact that board members have the authority to select its CEO, yet the Ministry is reportedly intending to interfere in the selection process. The ...

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  • TKARACHI - The difficulty and delays in the issuance of visas to Pakistani seafarers, particularly after 9/11, have resulted in the loss of due share of Pakistani seafarers in the international employment market. It has learnt that Pakistani seafarers are gradually loosing their share in the ...

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  • TKARACHI - The Master Plan of Gwadar port does not allow its operator Port of Singapore Authority (PSA) to construct any terminal for dirty cargo at the port. The Nation has learnt that according to the Master Plan of the Gwadar port, the construction of shipyard, dirty cargo and oil city could be ...

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  • TKARACHI - President Asif Ali Zardari will inaugurate the Universal Service Funds 'Broadband Project in Southern Punjab worth Rs 1.95 billion tomorrow (Friday). The project covers 11 districts namely Bahawalnagar, Bahawalpur, Dera Ghazi Khan, Khanewal, Leiah, Lodhran, Multan, Muzaffargarh, Rahim ...

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  • TKARACHI - It is indeed true that in third world countries the ports have been traditionally managed and operated on 'gained experience basis without going through a proper management skills, and this could be best illustrated with the example of Karachi Port Trust (KPT) that lacks professional port ...

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  • TKARACHI - Chairman Port Qasim Authority Admiral (Retd) Asad Qureshi is likely to get extension with the same office fourth time this year, The Nation has learnt. However, he might be replaced by Admiral (Retd) Agha Danish, whose name was recommended in the note sent to Prime Minister Secretariat. ...

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  • TKARACHI - A number of Vptcl sets have been found operating un-registered due to nonchalant attitude of Pakistan Telecommunication Company Limited (PTCL) and Pakistan Telecommunication Authority (PTA). The Nation has learnt that some 2 million Vptcl are operating in the country and many of them do ...

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  • TKARACHI - Heightened security concerns forced the Exploration and Production (E&P) companies to reconsider their exploration programmes, resulting in the decline of oil and gas production in the country. According to the weekly data released by Pakistan Petroleum Information Service (PPIS) for the ...

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  • TKARACHI - Some 4 million SIMs registered on old National Identity Cards are to be transferred on the computerised NICs from June this year. The Nation has learnt that Pakistan Telecommunication Authority (PTA) has planned to transfer some 4 million SIMs which are registered on non-computerised ID ...

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  • TKARACHI - In line with our crude oil price assumption, crude oil prices (Arab Light) are expected to average $75/bbl in the second Half Financial Year 2010, which will be up 4 percent Half on Half. This alongside 5 percent The Rupees deprecation against the dollar, lead to a hike of 4 percent HoH ...

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  • TKARACHI - Karachi Electric Supply Corporation (KESC), the power utility, supposed to fulfil the electricity needs of the metropolis is being run on commercial basis without any maintenance philosophy while its power plants are running well below 40 to 50 percent of total generation capacity. ...

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  • TKARACHI - Two leading Mobile phone operators have favoured for imposition of 10 paisas additional charges on all text messages sent to other networks, while two other operators opposed the idea with fifth operator remained somewhat neutral, in a high level industry meeting held at PTA headquarters ...

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  • TKARACHI - The current wheat season has additional challenges for the government, as the prices in international markets are presently lower at Rs800/40kg than what local market is offering, an incentive for imports to dump wheat through informal channels in the domestic market is ever present. On ...

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  • TKARACHI - The 13-kilometre long Korangi Industrial Area Road has been witnessing increased fatalities in different timings of the day due to heavy encroachment by trucks and bad lighting arrangements. The road safety audit carried out by Road Traffic Injury Research and Prevention Centre and City ...

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  • TKARACHI - Engro fertilizers is likely to be the most advantageous as rising gas prices will also drag urea prices further north. Experts said that FFC is also likely to maintain its health backed by efficient production and a hand in the DAP market through stake in sole DAP manufacturer of the ...

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  • TKARACHI - The value added services (VAS) of Ufone are still affected all over the country and would take time to be fully resumed as fire broke out in one of the Ufone data centers. However, the SMS services and voice message service have been made fully operational yesternight, while the ...

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  • TKARACHI - The road safety audit of Chaudhry Fazal Elahi Road has disclosed that this area is highly affected by the fatalities due to improper maintenance, absence of road calming devices, improper road markings, illegal marking, wrong U-turns and obstruction wall. This 8km long road has 25.63 per ...

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  • TKARACHI - The Sindh Government has proposed that General Sales Tax (GST) on telecommunication services be given to the province, especially generated from those SIMS that are being operated in the province. This was proposed by Sindh Finance Department in its proposals presented in Sindh Assembly ...

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  • TKARACHI Various ills like nepotism and favouritism have inflicted yet another national institution like Pakistan National Shipping Corporation, where blue-eyed boys have been elevated to the coveted positions one after other. It is stated that when the high echelons in the PNSC deemed it fit or ...

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  • TKARACHI - A Chinese delegation including a minister is reaching Pakistan to inaugurate the Construction of Quay Wall and Marine Protection Works at deep-Sea Container Terminal, sources told The Nation, The high profile inauguration ceremony is to be held on 30th of this month at the Camp Office of ...

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  • TKARACHI - The three Oil Piers at the Karachi Port Trust (KPT) are presently running at their half capacity of the total handling ability of 24 million tonnes due to non-handling of High Speed Diesel at the port, it was learnt. Sources told The Nation that if KPT sets up a connectivity line for HSD ...

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