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Pakistan, IMF finalise talks on fresh bailout package

Source: Geo News | 03-07-2013

ISLAMABAD: The second round of ongoing talks between Pakistan and a visiting delegation of the International Monitory Fund (IMF) on fresh bailout package concluded on Wednesday and Islamabad is likely to formally seek $5 billion package today, sources said.

Finance Minister Ishaq Dar and IMF delegation headed by Jeffery Frank held final round of talks in Islamabad.

During the talks both the sides agreed on measures for increasing tax income, ending subsidies on electricity and raising power tariff within the next three years in different phases. However, consumers using up to 300 units would continue to get electricity on subsidized rates.

CNG stations to stay shut for 24 hours

Source: Geo News | 26-09-2013

KARACHI: All the CNG stations in Sindh will remain closed on Thursday (today) as part of the Gas Load Management Plan, Geo News reported. The fuel stations will stay shut for 24 hours from Thursday 8:00 am to Friday 8:00 am. Read more

Asian markets lifted by China data, Wall St rally

Source: Dawn News | 24-01-2013

Asian markets mostly rose on Thursday, with support coming from another positive lead from Wall Street and news that Chinese manufacturing activity had hit a two-year high in January. However, regional tech firms were weighed by disappointing earnings from Apple, and Tokyo and Seoul were dented by more downbeat economic data.Tokyo rose 0.36 per cent..... Read more

Wind projects of 106MW ready for operation

Source: The Nation | 03-01-2013

Federal Minister for Water and Power, Ch Ahmed Mukhtar has claimed that around 45 wind power projects with a total capacity of 3,200 MW are under process in the country while 106MW wind projects are ready for commercial operation. Addressing the inauguration ceremony of Pakistan’s first 50 MW wind energy project, minister said that at pre..... Read more

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