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Tag Archives: Prime Minister Nawaz Sharif

Rs80b against estimates of Rs162b released: PM Nawaz says Balochistan uplift close to his heart  

Nawaz Sharif

ISLAMABAD: The Federal government has taken corrective measures in shape of 7th NFC Award, Aghaz-e-Haqooq-e-Balochistan, 18th Amendment and substantive allocations for development projects has been made to address sense of deprivation of Balochistan. Addressing the inaugural session of Balochistan Development Forum, Prime Minister Nawaz Sharif declared that Balochistan was close to his heart, and despite constraints, the federal government provided ... Read More »

Govt committed to ending power crisis: Abid sher

Abid Sher Ali19

FAISALABAD: All-out resources are being utilised to produce ample electricity to overcome prevailing crippling energy crisis in the country. Addressing a ceremony here State Minister for Water and Power Abid Sher Ali has said that the government was committed to doing away with the outages and for the purpose a number of projects had been initiated. He said that Prime ... Read More »

7pc GDP growth by 2018: Dar attempts to woo Japanese for economic corridor-like package

Dar

ISLAMABAD: Pakistan is looking for a Pak-China economic corridor-like package from Japan as it will benefit the Japanese investors greatly. The Japanese investors should take optimum benefits of the investment-friendly policies and opportunities in various sectors of economy in Pakistan. Elaborating his point, Minister for Finance Ishaq Dar said that Pak-China economic corridor was not going to benefit China and ... Read More »

8-10 hours outages: Loadshedding cutting textile to the bone: Atma  

textile-pakistan

LAHORE: The eight to 10 hours a day power loadshedding for industry in Punjab particularly for textile sectors has hit hard the manufacturing and has forced the owners to close down two shifts and lay off a large part of workforce. According Aptma Chairman SM Tanveer, the power outages has virtually disrupted the supply chain to value-added textile industry, fearing ... Read More »

1100km gas pipeline to be completed in 2 phases: PM for additional electricity by summer

Nawaz 5

ISLAMABAD: Prime Minister Nawaz Sharif, chairing the 7th meeting of the Cabinet Committee on Energy here at the PM’s House, has said that the government is struggling hard to increase power generation in short span of time and add additional electricity to the national grid by this summer. Finance Minister Muhammad Ishaq Dar, Water and Power Minister Khawaja Asif, Petroleum ... Read More »

Rs1.4b fortune: Nawas richest politician, Achakzai ‘poorest’, Imran has Rs30m net assets

Nawaz

ISLAMABAD: Prime Minister Nawaz Sharif has topped the list of richest lawmakers in country with his financial fortune together with his spouse worth Rs1.4 billion and Pakhtunkhwa Milli Awami Party (PkMAP) Chief Mehmood Khan Achakzai seems to be the ‘poorest’ member of the assembly as he owns nothing. This was disclosed when the Election Commission of Pakistan (ECP) made public ... Read More »

7th meeting energy meeting: PM for additional electricity by summer

nawaz1

ISLAMABAD: Prime Minister Nawaz Sharif, chairing the 7th meeting of the Cabinet Committee on Energy here at the PM’s House, has said that the government is struggling hard to increase power generation in short span of time and add additional electricity to the national grid by this summer. The prime minister directed to undertake long-term efficient projects to reduce power ... Read More »

Rs1.4b fortune: Nawas richest politician, Achakzai ‘poorest’, Imran has Rs30m net assets

Nawaz

ISLAMABAD: Prime Minister Nawaz Sharif has topped the list of richest lawmakers in country with his financial fortune together with his spouse worth Rs1.4 billion and Pakhtunkhwa Milli Awami Party (PkMAP) Chief Mehmood Khan Achakzai seems to be the ‘poorest’ member of the assembly as he owns nothing. This was disclosed when the Election Commission of Pakistan (ECP) made public ... Read More »

Raid, seizure of record: PBA denounces CCP ‘highhandedness’

PBA

KARACHI: Describing it as an arbitrary action, the Pakistan Broadcasters Association (PBA) lashed out at the Competition Commission of Pakistan (CCP) for a raid on its secretariat and taking away of all record. The association demanded Prime Minister Nawaz Sharif to take notice of the ‘arbitrary action and highhanded of the CCP and order appropriate action. The PBA claimed that ... Read More »

Rs68b likely shortfall: Govt yet to revise Rs2.81tr target; Rs1,652b to be collected in 6-month

fbr

ISLAMABAD: The Federal Board of Revenue will have to collect Rs 1,652 billion in remaining six months (January-June) of the ongoing financial year achieve the annual tax collection target of Rs2.81 trillion while the government has yet to revise the revenue target as it is likely to face a shortfall of Rs 68 billion owing to reduction in oil prices ... Read More »

Jan 7, meeting to mull PAIP 2014-19: Delay in auto policy deprives industry of investment

Automobile

LAHORE: Despite hustle and bustle, the Pakistan Auto Industry Plan (PAIP) 2014-19 could not be formulated so far and the subsequent uncertainty has delayed big investment in auto industry, depriving the industry of healthy growth. The apathy on the part of the authorities concerned could be gauged from the fact that despite calling a meeting to finalise auto policy on ... Read More »

74% consumers use less than 200 units/month: 5 slabs system approved by Senate body

bills

ISLAMABAD: The Senate Standing Committee on Water and Power, in its meeting, has okayed the old five-slab system to give electricity consumers relief. The Committee discussed in detail the overbilling in last couple of months and decided to write to Prime Minister Nawaz Sharif that due to the present two slabs system, consumers belonging to lower and middle class has ... Read More »

Rs29.69/litre cut in 4 months: Petrol price decreased by Rs6.25, diesel by Rs7.86

petroleum

ISLAMABAD: The government has further reduced petroleum, oil, & lubricants (POL) prices effective from Jan 1 (today). Prime Minister Nawaz Sharif announced this, while addressing a news conference at the Parliament House. He said that petrol price was being reduced by Rs6.25 per litre, that of HOBC by Rs14.14, kerosene oil Rs11.26, light diesel oil Rs10.48 and high diesel oil ... Read More »

Rs29.69/litre cut in 4 months: Petrol price decreased by Rs6.25, diesel by Rs7.86

petroleum

ISLAMABAD: The government has further reduced petroleum, oil, & lubricants (POL) prices effective from Jan 1 (today). Prime Minister Nawaz Sharif announced this, while addressing a news conference at the Parliament House. He said that petrol price was being reduced by Rs6.25 per litre, that of HOBC by Rs14.14, kerosene oil Rs11.26, light diesel oil Rs10.48 and high diesel oil ... Read More »

100 mmcfd gas to textile: APTMA bemoans suspension of supply

textile-prodution-1

LAHORE: The suspension of 100 mmcfd gas supply to textile industry by the SNGPL has resulted in the closure of one shift at the mills, leaving thousands of textile workers jobless across Punjab. On the directions of Prime Minister Nawaz Sharif, the SNGPL had allocated 100mmcfd gas supply to Punjab-based textile industry but suspended it for the past seven days. ... Read More »

Rs700 to 1,000b embezzled in 8-yrs: Economic corridor to flourish Balochistan: President

President Mamnoon Hussain

QUETTA: President Mamnoon Hussain said that Pak-China Economic Corridor was a monument of this century, which would open doors of progress and prosperity, especially for Balochistan. He was speaking to stakeholders including parliamentarians, political and tribal elders, professors, doctors, lawyers and civil society representatives at Governor House. He said that Pak-China Economic Corridor would start from Kashghar, China and reach ... Read More »

$1.05b IMF tranche: Reserves cross $15b mark, SBP holds $10b, says Dar

Ishaq Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar has said that the country’s foreign currency reserves have crossed the $15-billion mark as Pakistan received $1.05 billion from the International Monetary Fund (IMF) under three-year Extended Fund Facility. He said this while giving briefing to Prime Minister Nawaz Sharif. He said that out of the total forex reserves, $10 billion was held by the ... Read More »

$1.05b IMF tranche: Reserves cross $15b mark, SBP holds $10b, says Dar

Ishaq Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar has said that the country’s foreign currency reserves have crossed the $15-billion mark as Pakistan received $1.05 billion from the International Monetary Fund (IMF) under three-year Extended Fund Facility. He said this while giving briefing to Prime Minister Nawaz Sharif. He said that out of the total forex reserves, $10 billion was held by the ... Read More »

Dar says foreign reserves cross $15b, out of which $ 10b with SBP

dar

ISLAMABAD: Finance Ministry said on Monday that the foreign exchange reserves of the country have crossed 15 billion dollars. Ten billion dollars are with the State Bank of Pakistan and the rest are with Commercial Banks. Finance Minister Ishaq Dar met Prime Minister Nawaz Sharif in Islamabad and gave him detailed briefing about economic measures taken which made possible to ... Read More »

700km pipeline from Gawadar to Iran: Pakistan to complete project in 2 phases; 5 MoUs signed at JEC

IP gas pipeline project

ISLAMABAD: Despite international sanctions on Tehran, Pakistan has agreed to complete Iran-Pakistan Gas Pipeline Project on time but in two phases. Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi, at the sidelines of the 19th session of the Pakistan-Iran Joint Economic Commission (JEC), said that Pakistan could not complete project on time due to curbs on Iran (over its ... Read More »