Pak-Iran gas pipeline project to meet energy requirements: Kaira
Minister for Information and Broadcasting Qamar Zaman Kaira Sunday said that Pak-Iran gas pipeline project is a great development to meet the energy requirements of the country.
Talking to state television, he said that this project has great importance in view of energy demand that is why government has started the mega project. more... (BR)
Telecom sector: Cellular subscribers fall by 1.6m as govt steps work
The government’s recent directives to cellular mobile operators (CMOs) about sale of new SIMs and verification of customer data seem to have done the trick. The industry recorded a negative growth in mobile subscriptions in December 2012, according to statistics released by the Pakistan Telecommunication Authority (PTA). more... (ET)
Big US investor Kramer signs Rs15-20 bn deal with Bahria Town today
A Bahria Town spokesperson said Sunday Bodha Island City would be developed 3.5 km off the coast of Karachi at a cost of Rs15-20 billion. A joint venture by the companies of Thomas Kramer, one of the biggest investors in the US, and Bahria Town will make the investment for the project.
SSGC considers awarding LNG import contract today
The Board of Directors of Sui Southern Gas Company Ltd (SSGC) is going to contemplate offer made by Pakistan GasPort Limited (PGPL), the successful lowest bidder for much-desired import of liquefied natural gas (LNG), today (Monday).The project will lead to increase cheap and abundant power generation, reducing outages significantly.
Budget 2013-14: Rs 5.36 trillion consolidated outlay approved
Federal Cabinet has reportedly approved a consolidated outlay of Rs 5.36 trillion for the next fiscal year, envisaging an ambitious revenue collection target of Rs 3.522 trillion and fiscal deficit of Rs 1.620 trillion, sources in the Finance Ministry said. more... (BR)
Failure to complete IP project by 2014: Pakistan will pay $1 million per day penalty?
As President Asif Ali Zardari and President Ahmedenejad are scheduled to inaugurate the Iran-Pakistan (IP) gas pipeline project on Monday (today), officials told Business Recorder in the event that the government of Pakistan failed to complete the IP gas pipeline project by the end of 2014 the country would have to pay a daily penalty of $1 million to Iran. more... (BR)