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Power shortfall persists at 1100MW

Source: Geo News | 18-11-2013

The power shortfall in the country persists at 1100MW, said National Transmission and Dispatch Company (NTDC), Geo News reported.

According to spokesman of the NTDC, the electricity generation in the country was 9900 MW, while its demand was 11000MW.

The spokesman said 3380MW was being generated through hydel, 1570MW through thermal while Independent Power Plants (IPPs) were adding 4950MW in the national grid.

In small cities and towns least duration load shedding was being carried out, the spokesman added.

Microsoft eyes new course as Ballmer sets retirement

Source: Geo News | 24-08-2013

SAN FRANCISCO: Microsoft chief executive Steve Ballmer announced Friday he would retire within 12 months, opening a new chapter for a company struggling to keep pace with the fast-changing tech sector. Microsoft shares leapt as much as nine percent in pre-market trade and closed up 7.3 percent at $34.76, after the surprise announcement sparked a rall..... Read more

Yen bounces back in Asian trade

Source: The News | 08-01-2013

The yen rebounded in Asian trade on Tuesday after suffering weeks of steep declines fuelled by promises from the country's new prime minister to push for more central bank easing. The dollar weakened to 87.48 yen from 87.89 yen in New York trade, where last week it hit a peak of 88.41 yen, its highest level since mid-July 2010.The euro also lo..... Read more

Work on IP gas pipeline likely to begin in a month

Source: The Nation | 26-12-2012

The National Iranian Gas Company has announced that the construction of Iran-Pakistan (IP) gas pipeline in the territory of Pakistan, is expected to begin in the next 30 days. Iran-based private companies have already undertaken work related to the IP pipeline construction in Pakistan, after country asked for Iran’s assistance to construct t..... Read more

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