Tag: Increase

Water and Power Ministry has issued a notification of 2 percent hike in electricity tariff on Friday. According to a private television channel, 8 paisa...

With the people already reeling from prolonged power outages and an increase in the electricity tariff, the Oil and Gas Regulatory Authority (OGRA) recommended...

KARACHI - The Karachi Electric Supply Company (KESC) has assured the government that it would not increase the power load shedding duration. According to an official statement issued on Wednesday, a meeting was convened at the behest of Sindh Electric Power Minister Shazia Marri that was presided over by the provincial Electric Power Secretary Rabia Javari Agha.
It was also attended by the representatives of the KESC, the Sui Southern Gas Company (SSGC) and the Pakistan State Oil

ISLAMABAD - Water level in Tarbela dam has increased from 4.8 feet to 1382.8 feet.
According to Flood Forecasting division water inflow in Tarbela dam has increased by 23300 cusec and reached to 51500 cusec and water outflow is 25000 cusec.
Water inflow has increased to 42000 cusec and now water level is 92800 cusec in the dam. Water out flow in the dam is 42000 cusec.
The usable water in Mangla dam has been recorded at 98000 acre feet and in Tarbela dam it is 59000

KARACHI - The World Food Programme (WFP) has said that the migration of people from the arid zone areas of the province due to drought has forced their children to leave schools where they were enrolled. The project director of the WFP's Assistance to Girls Primary Education in Sindh (AGPES), Dr Shamaroza has informed Sindh Chief Minister Qaim Ali Shah in a report that students in the arid zone areas are not dropping out of schools due to the closure of the project, but the actual

KARACHI - Muttahida Qaumi Movement (MQM)'s Rabita Committee has criticised the two-rupee increase in public transport fares, terming it as a gross injustice to the people of the city.
According to the committee, the Oil and Gas Regulatory Authority had increased Petroleum, Oil and Lubricants (POL) prices a few days ago; but the increase has not been withdrawn despite government's assurances. The increase in POL prices and the consequent increase by the public transporters in the

ISLAMABAD - Forecasting a regional gross domestic product (GDP) growth of 7.8 percent in 2011, the Asian Development Bank (ADB) has warned that Pakistan's anticipated low GDP growth rate of 2.5 percent in the current fiscal year could significantly increase the number of poor in the country.
Addressing a briefing at the launch of ADB's flagship annual economic publication, the Asian Development Outlook 2011 on Wednesday, ADB Country Director Rune Stroem said Pakistan needed at

KARACHI - Troubles continue to mount for the residents of Karachi as inter-city bus fares have also gone up by around Rs 200 per seat following the increase in fuel prices, particularly disconcerting those who frequently leave the city to visit their hometowns.
The fares of passenger buses that travel to the interior parts of Sindh, Balochistan and other destinations have been increased at all inter-city bus terminals of the city.
The Lahore-bound buses that leave from the

ISLAMABAD - Jamaat-e-Islami leader Professor Khurshid Ahmad on Saturday criticised the "unjustified increase" in the prices of petroleum products imposed on the people of Pakistan in the name of international price hike.
In a statement, he said ten percent increase in the prices of petroleum and thirteen percent in diesel was totally unjustified.
"In the international market, despite Middle East situation, the oil prices have gone down from $114 per barrel in January 2011 to

SIALKOT - Sialkot Chamber of Commerce and Industry (SCCI) President Ghulam Mustafa Chaudhry has taken strong exception to the decision to increase petroleum prices by nine to thirteen percent and stressed that the price increase must be withdrawn immediately.
In a statement, he said that the increase in petroleum prices would add to the rising trend of inflation and the cost of industrial production that is already under heavy pressure because of higher electricity and gas

ISLAMABAD - The government is still undecided whether to pass on the complete effect of the increase in international oil prices to the consumers, which the Oil and Gas Regulatory Authority (OGRA) estimates at Rs 7 to Rs 12 per litre.
An official source said OGRA had submitted its report on the international oil prices that have averaged $111 per barrel in the Gulf market during the month of March. OGRA has assessed 10 to 12 percent increase in oil prices in the international

TEHRAN - Iranian Oil Minister Masoud Mirkazemi said that the Organization of the Petroleum Exporting Countries (OPEC) will not increase its crude output.
"Prices were pushed up by political crises in some countries of North Africa and the Persian Gulf, as well as due to the global economic recovery," said Mirkazemi.
Despite the hike of crude price to over 100 U.S. dollars per barrel, extraordinary meeting is not necessary over an increase in the crude output of the

FAISALABAD - The European Union has announced to finance a project titled 'Trade-Related Technical Assistance' (TRTA) aimed at boosting Pakistan's economy by increasing the life of farm products. It was stated by international expert, Dr Mike Dillon, at his recent meeting with University of Agriculture Faisalabad (UAF) Vice Chancellor Dr Iqrar Ahmad Khan and Institute of Horticultural Sciences head Prof Dr Amman Ullah.
Dr Mike Dillon has been appointed as a coordinator by United

KARACHI - The management of the JS Bank Limited (JSBL) has determined that it will increase the bank's paid-up share capital to meet the State Bank of Pakistan's (SBP) minimum paid-up capital requirements.
"The board of directors of JS bank after considering the various options for meeting the State Bank of Pakistan's minimum capital requirements have in principle agreed to increase the paid-up share capital of the bank," the bank informed its shareholders on the Karachi Stock

LAHORE - Load-shedding will increase in the coming days as power demand is increasing because of the rising mercury, however, power generation is stagnant and there is little likehood it would increase before March 15, sources told Pakistan Today on Wednesday. Currently, the Pakistan Electric Power Company (PEPCO) is carrying out four-hour load shedding in urban areas and 10-hour load-shedding in rural areas. The demand is roaming around 11,700MW while production stands at 10,300MW

LAHORE - Young doctors on Tuesday issued a 48-hour ultimatum to the Punjab government warning that if their demands were not met, doctors across Punjab will also stop working in Indoor Patient Departments (IPD). The doctors gave the ultimatum after their talks with Punjab Health Department officials failed. Young doctors also held a protest by blocking Jail Road for an hour demanding a raise in their salaries.
Citizens criticised the doctors for blocking a main road during peak

COLOMBO - The use of technology to enable teams to challenge decisions by umpires at the World Cup is proving controversial, but Pakistan skipper Shahid Afridi wants reviews to be doubled. The Umpire Decision Review System (UDRS) is being used for the first time at a World Cup, with some backing its use and others raising serious doubts. But one player who does not need to be convinced is Afridi. "I think UDRS is good," said Afridi after Pakistan's win over Canada on Thursday, when