LATEST NEWS UPDATE:
Power restoration begins in parts of
Pakistan
KARACHI: Power was slowly being restored on Monday in different
parts of Pakistan, including in areas in Karachi and Quetta, following a
widespread, countrywide breakdown on Sunday night, DawnNews reported.The breakdown occurred at about 11:45pm on Sunday, cutting off power supply to most of the country, including Karachi, Lahore, Islamabad, Rawalpindi, Peshawar, Quetta and Azad Kashmir.
Power began to be restored on Monday morning with electricity supply resuming in some parts of Karachi and Quetta as well as in other areas of the country.
Speaking during a press conference in Islamabad, Secretary Water and Power Rai Sikandar said 5,000MW of electricity had reentered the system, enabling the restoration of electricity supply across Pakistan.
Moreover, he said the breakdown was caused when the Hubco Power Plant tripped due to a technical failure and other power plants were shut down in order to prevent any damage to their respective systems, thus leaving more than half the country in darkness.
Furthermore, Prime Minister Raja Pervez Ashraf ordered an investigation into the matter.
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Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:
U.S.A 98.98
S.Arabia 26.39
U.K 151.47
Japan 1.0605
Euro 130.81
U.A.E 26.95
BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct) Rs 51,857
Silver Tezabi Rs 934.28
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Mon,
25 Feb 2013
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Oil
falls in Asia as traders eye Italian elections
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Asian
markets rise, yen sinks on BoJ chief reports
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Dr
Asim says Sui, Qadirpur gas reserves to end by 2022
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PSO
halts diesel supply to Railways as cheque bounces
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ECC
okays wheat stock disposal by Punjab till March 31
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Petrol
price may jump by Rs2.80 from March 1: sources
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KSE-100
index gains 159.25 points
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Euro
under pressure in Asia after Fed minutes rally
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Asian
markets mixed, yen claws back some losses
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Oil
prices rebound in Asian trade
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Tokyo
stocks down 0.50% by break
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Pakistan
stocks close lower; rupee weakens
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Sindh:
CNG closure schedule announced
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Dollar
holds firm after soaring on Fed minutes
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