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Thursday, 12 April 2012
Friday, 6 April 2012
PAKISTAN-DAILY BRIEF NEWS: LATEST NEWS UPDATE: 06.04.2012
PAKISTAN-DAILY BRIEF NEWS: LATEST NEWS UPDATE: 06.04.2012: Wold Bank to give $850m for Tarbela extension LAHORE: The World Bank will provide about $850 million for the Tarbela 4th Extension P...
LATEST NEWS UPDATE: 06.04.2012
Wold Bank to give $850m for Tarbela extension
LAHORE: The World Bank will provide about $850 million for the Tarbela 4th Extension Project, which is expected to be completed in four years and generate 1,410MW additional electricity.This was stated by Wapda Member (Water) Syed Raghib Abbas Shah while addressing a delegation of Pakistan Navy War College here. After completion of Tarbela 4th Extension Project, the generation capacity of Tarbela Power Station will rise to 4,888MW.The Member (Water) said that in view of the increasing needs of water and power in the country, Wapda is implementing a number of projects in the two sectors.
Diamer-Basha Dam (with gross water storage capacity of 8.1 million acre feet and power generation capacity of 4,500 MW), Bunji (7,100 MW) and Dasu (4,320 MW) hydropower projects, Munda Dam multipurpose project (gross water storage capacity 1.29MAF and power generation capacity 740 MW) and Kurram Tangi Dam (gross water storage capacity of 1.2 MAF and power generation capacity of 84 MW) are to name a few, he added.
The Member (Water) said that three projects with cumulative generation capacity of 350MW will be completed this year, while 969MW Neelum Jhelum and 106MW Golen Gol hydropower projects are scheduled to be completed in 2016.
The Member (Water) said that the Government is simultaneously implementing short, medium and long-term strategies to control floods.
Earlier, Wapda General Manager (Hydro) Planning Hasnain Afzal, briefing the delegation said that 20 million acres of virgin land could be developed for agriculture provided water is made available by constructing new dams. He also informed the delegation about Wapda’s achievements, future projects, and new initiatives etc. Pepco General Manager (Coordination & Monitoring) Ziaur Rehman briefed the delegation about electricity demand and supply scenario, national power sector energy plan and issues related to electricity tariff.
Pakistan forex reserves edge up to $16.51 bln at end-March
KARACHI: Pakistan's foreign exchange reserves rose to $16.51 billion in the
week ended March 30, from $16.44 billion in the previous week, the central bank
said on Thursday.
Reserves held by the State Bank of Pakistan (SBP) rose to $11.84 billion from
$11.77 billion a week earlier, while those held by commercial banks remained
unchanged at $4.67 billion.
Foreign exchange reserves hit a record $18.31 billion in July last year,
boosted by inflows of $411 million, including a $191.9 million loan from the
World Bank and a $196.8 million loan from the Asian Development Bank.
Higher exports and record remittances have also supported Pakistan's reserves.
Remittances from overseas Pakistanis rose 23 percent to $8.59 billion in the
first eight months of the 2011/12 fiscal year, compared with $6.96 billion a
year earlier.
In February, overseas Pakistanis sent back $1.16 billion.
Reserves have since been drained by debt repayments, including $399 million in
the week ending Feb. 24 due on an $8 billion International Monetary Fund loan.
The next repayment is due in April. AGENCIES
Business
News:
Fri, 6 Apr 2012
-China ship insurer deals new blow to Iran oil exports
SINGAPORE: A major Chinese ship insurer will halt indemnity cover for tankers carrying Iranian oil from July, deal
SINGAPORE: A major Chinese ship insurer will halt indemnity cover for tankers carrying Iranian oil from July, deal
-Euro steady ahead of US jobs data
TOKYO: The euro was steady in early Asian trade Friday at the start of the Easter holiday weekend ahead of a US jo
TOKYO: The euro was steady in early Asian trade Friday at the start of the Easter holiday weekend ahead of a US jo
-Asian markets mixed in quiet holiday trade
HONG KONG: Asian markets were mixed in limited holiday trade on Friday amid renewed eurozone debt fears as attenti
HONG KONG: Asian markets were mixed in limited holiday trade on Friday amid renewed eurozone debt fears as attenti
-Karachi: Weekly CNG closure continues
KARACHI: Despite a decrease in the domestic demand of natural gas due to the advent of summer season, the Sui Sout
KARACHI: Despite a decrease in the domestic demand of natural gas due to the advent of summer season, the Sui Sout
-Facebook picks Nasdaq for marquee listing: source
SAN FRANCISCO: Facebook Inc, preparing what would be Silicon Valley s largest IPO, has picked Nasdaq over the New
SAN FRANCISCO: Facebook Inc, preparing what would be Silicon Valley s largest IPO, has picked Nasdaq over the New
-KSE ends lower, sheds 113 points
ISLAMABAD: The Karachi Stock Exchange (KSE) benchmark 100-share index ended down 0.82 percent, or 113.83 points, a
ISLAMABAD: The Karachi Stock Exchange (KSE) benchmark 100-share index ended down 0.82 percent, or 113.83 points, a
-Foreign exchange reserves edge up to $16.51bn at
end-March
ISLAMABAD: Pakistan s foreign exchange reserves rose to $16.51 billion in the week ended March 30, from $16.44 bil
ISLAMABAD: Pakistan s foreign exchange reserves rose to $16.51 billion in the week ended March 30, from $16.44 bil
-Oil recovers in Asian trade
SINGAPORE: Oil recovered in Asian trade Thursday after sharp overnight losses triggered by a larger-than-expected
SINGAPORE: Oil recovered in Asian trade Thursday after sharp overnight losses triggered by a larger-than-expected
-CNG stations reopen in Multan region
MULTAN: CNG stations in Multan region reopened today after remaining closed for three days, Geo News reported Thur
MULTAN: CNG stations in Multan region reopened today after remaining closed for three days, Geo News reported Thur
-World stocks, gold sink on less hope of Fed stimulus
NEW YORK: Global stocks dropped more than 1 percent and gold tumbled to its lowest in nearly three months on Wedne
NEW YORK: Global stocks dropped more than 1 percent and gold tumbled to its lowest in nearly three months on Wedne
-Yahoo to axe 2,000 employees
NEW YORK: Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in
NEW YORK: Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in
-Pak, US ties facing difficult phase: Hafeez
ISLAMABAD: Minister for Finance Dr.Abdul Hafeez Shaikh said on Wednesday that relationships between Pakistan and U
ISLAMABAD: Minister for Finance Dr.Abdul Hafeez Shaikh said on Wednesday that relationships between Pakistan and U
-Gold hits near 3-month low as Fed stimulus wanes
LONDON: Gold prices fell more than 1 percent to their lowest in nearly three months after minutes from the US Fede
LONDON: Gold prices fell more than 1 percent to their lowest in nearly three months after minutes from the US Fede
-Oil down in Asian trade
SINGAPORE: Oil fell in Asian trade Wednesday as hopes faded for a fresh dose of monetary stimulus from the US Fede
SINGAPORE: Oil fell in Asian trade Wednesday as hopes faded for a fresh dose of monetary stimulus from the US Fede
-Bullish China shops in industrial Germany
FRANKFURT: German businessman Norbert Scheuch was bowled over by his red-carpet treatment on a visit to China late
FRANKFURT: German businessman Norbert Scheuch was bowled over by his red-carpet treatment on a visit to China late
LATEST NEWS/BRIEF NEWS:
· Memo Commission to meet
again today
· Four missing persons
produced in SC
· 12 terrorists arrested from
Tehkal
· Storm leaves 13 dead in
Argentina
· NATO tanker fire kills 7 in
Afghanistan
· Syrian envoy blasts UN
General Assembly head's 'biased' conduct
· US calls Zardari s India visit very constructive
·
Prime Minister Syed Yousuf Raza Gilani has said the
judiciary in Pakistan is fully independent and if any concrete evidence against
Hafiz Saeed was provided action would be taken against him according to the law
· No drone attacks on Pakistan after 2014
· Not playing strategic game against Pakistan: US
· Four firms blacklisted; NAB to recover Rs840m
· Hafeez constitutes nine
bodies to seek budget suggestions
Monday, 2 April 2012
PAKISTAN-DAILY BRIEF NEWS: LATEST NEWS UPDATE: 02.04.2012
PAKISTAN-DAILY BRIEF NEWS: LATEST NEWS UPDATE: 02.04.2012: PML-N to rally against fuel price hike: Chaudhry Nisar ISLAMABAD: Pakistan Muslim League-N will boycott the meeting of Parliamentary...
LATEST NEWS UPDATE: 02.04.2012
PML-N to rally against fuel price hike: Chaudhry Nisar
ISLAMABAD: Pakistan Muslim League-N will boycott the meeting of Parliamentary Committee on National Security to be held on Monday and stage a rally on April 4 in Rawalpindi to mark its protest against the whopping increase in fuel prices and other anti-people steps of the government.This was stated by the Opposition Leader, Chaudhry Nisar Ali Khan who termed the latest increase in POL and CNG prices as a clear manifestation of the government s faulty policies.In connection with staging the protest, he said the party leadership would hold consultations before contacting other parties to form a future strategy.'The latest hike in POL prices is unacceptable,' he said, wondering as to what kind of revenge Zardari s government was taking from the people.He alleged that the recent increase in fuel prices was made for rulers corruption and their luxurious life. 'What more do the rulers intend to loot from the already empty pockets of the people?' he regretted.Chaudhry Nisar said a rally would be taken out on April 4 against what he termed the government s anti-people decision and called upon the people to come onto the streets to stage their protest.
Business
News:
Mon, 2 Apr 2012 |
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Oil lower as rich nations mull tapping crude reserves
SINGAPORE: Oil retreated in Asian trade Thursday, as France said industrialised countries were considering releasi |
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Asian shares down on weak China data
HONG KONG: Asian markets were mixed Thursday as more weak data out of China added to concerns over a slowdown in t |
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Yen firms on surprise Japan trade surplus
TOKYO: The yen strengthened against the dollar in Thursday morning trade after Japan posted an unexpected trade su |
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HP to merge printer, PC businesses
SAN FRANCISCO: Hewlett Packard Co will merge its printer and PC businesses, combining two of its largest divisions |
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Chrome wins weekend browser battle with IE: report
HELSINKI: Google Inc s Chrome web browser overtook Microsoft Corp s Internet Explorer (IE) to become market leader |
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Karachi stocks come to a flat end on profitbooking
KARACHI: Stocks at the premiere bourse ended almost flat on Wednesday as investors chose to book profits after the |
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Rupee extends losses against dollar
KARACHI: The rupee Wednesday ended weaker at 90.75/79 to the dollar, compared with Tuesday s close of 90.70/71 bec |
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Pakistan notifies negative list for trade with India
ISLAMABAD: The Pakistan government today issued a notification for switching over to a negative list regime for tr |
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India eyes Pakistan for access to Afghan mine bonanza
NEW DELHI/KABUL: India will explore a route through rival Pakistan to transport iron ore from Afghanistan, the hea |
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Asian markets slip on China fears, oil edges up
HONG KONG: Asian stocks were mostly lower on Wednesday, weighed down by concerns over a slowdown in China s econom |
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Euro jumps on optimism over debt crisis
TOKYO: The euro on Wednesday rose to its highest level in nearly five months against the yen and also gained groun |
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Crude rebounds in Asia on signs of stronger US demand
SINGAPORE: Oil rebounded from an overnight dive in Asian trade Wednesday as data showing stronger US energy demand |
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Crude rebounds in Asia on signs of stronger US demand
SINGAPORE: Oil rebounded from an overnight dive in Asian trade Wednesday as data showing stronger US energy demand |
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Mari Gas supplying 44MMSCF gas to SNGPL
KARACHI: Mari Gas Company Limited has started supplying 44 MMSCF per day gas to Sui North Gas Pipeline Limited (SN |
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New FBR laws feared to cause dearth of pulses
KARACHI: After the imposition of stringent conditions by the Federal Board of Revenue (FBR) brokers have stopped p |
LATEST NEWS/BRIEF NEWS:
· Lyari tense after gangster
killing
· Babar Awan contempt hearing
adjourned
· Petrol, CNG price hike
challenged in LHC
· PCNS meets today
· Pakistan pays big price for world politics: PM
· The Prime Minister has
invited the Chinese investors to invest in Pakistan's steel, hydropower and
thermal energy sectors
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