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Sindh CNG stations to remain shut for 4 days in a week

Source: Geo News | 15-09-2013

KARACHI: Sui Southern Gas Company (SSGC) has announced four days a week Compressed Natural Gas (CNG) closure in Sindh including Karachi, Geo News reported.

According to the new schedule issued by SSGC, CNG closures will occur for two periods of 48 hours each, starting next week.

The CNG outlets will be shut at 8:00 AM on Tuesday September 17 and resume supply at 8:00 AM on Thursday September 19.

In another 48 hours closure, the gas pumps will remain closed from 8:00 AM Friday September 20 to 8:00 AM Sunday September 22.

Meanwhile, the transporters have rejected the decision of four days a week CNG closure.

IMF hails steps to enhance Indo-Pak trade

Source: The News | 11-02-2013

International Monetary Fund (IMF) hailed the Pakistani and Indian steps to enhance bilateral trade, saying that it will positively affect growth momentum. Assistant Director IMF Laura Papi told reporters that the move alone would not be enough to help New Delhi get back on high economic growth track. "It would definitely have some positive effect..... Read more

Chalco 2012 suffers big net loss

Source: Aaj News | 28-03-2013

Aluminum Corp of China Ltd (Chalco) , the country’s top aluminium maker, posted a worse-than-expected net loss of 8.2 billion yuan ($1.3 billion)for 2012 on Wednesday, as it faced low aluminium prices and rising costs. Chalco had warned of a full-year loss in January in a statement to the Shanghai Stock ExchangeThe loss was far deeper than an aver..... Read more

ECC's sugar policy seen denting local supply in Pakistan

Source: The News | 27-03-2013

A unit of the U.S. Department of Agriculture Tuesday said the shipping subsidy and lower excise tax linked to the export of as much as 1.2 million metric tons of sugar may lead to low inventory and high domestic prices in Pakistan. The decision by Economic Coordination Committee (ECC) of the cabinet and the Federal Board of Revenue (FBR) “is being h..... Read more

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