Federal govt seeks K-Electrics view over Abraaj exit on October 7, 2016KARACHI: The exit plans of K-Electric’s majority stakeholder, Abraaj Group, stirred the Federal Ministry of Water and Power and it has sought official opinion from the company on the ‘sale of K-Electric’, it is learnt. The Ministry has directed K-Electric to provide its opinion on urgent basis. “K-Electric may furnish its views comments on the […]
Probe may uncover offshore firms of Pakistanis in Dubai on October 5, 2016KARACHI: The Federal Board of Revenue (FBR) raid on Laser Inn, Aesthetic, a famous hair transplant clinic, has turned out to be quite productive, as the detection of an offshore company has paved the way for the authority to find more Dubai-based offshore companies. Sources privy to the development told Daily Times that the FBR’s […]
KE consumers to pay additional 5.37 paisa/unit for May on October 4, 2016KARACHI: The National Electric Power Regulatory Authority (Nepra) has accepted K-Electric’s motion for leave for review as true as the regulator approved an increase of 5.37 paisa per unit on account of Fuel Charges Adjustment (FCA) for May 2016. Earlier, Nepra had refused to accept the K-Electric’s petition for an increase of 14 paisa per […]
KEs MYT petition receives strong opp on September 29, 2016KARACHI: The proposed upward revision in electricity tariff for next 10 years sought by K-Electric (KE) has received strong opposition from the stakeholders at a public hearing called by the National Electric Power Regulatory Authority (Nepra). At the concluding session of Nepra’s hearing at a local hotel here on Wednesday, consumers representing the chambers of […]
Japan-based dairy to set up plant in Pakistan on September 28, 2016KARACHI: Morinaga Milk Industry Company Limited, a leading dairy company of Japan, is all set to establish first ever Morinaga infant formula manufacturing facility in Pakistan bringing Rs 4.8 billion investment to the country. Consequently, popular infant milk Morinaga will be available in Pakistan at low prices while currently the Morinaga Formula Milk is available […]
ECP to implement GIS polling scheme countrywide by next May on September 12, 2016KARACHI: After successful implementation of online polling scheme pilot project, The Election Commission of Pakistan (ECP) has approved the nationwide implementation of GIS polling scheme, Daily Times has learnt. The ECP has planned to complete full-scale nationwide execution of the GIS poling scheme by May 2017.The phase one of this project has been completed successfully […]
No check on construction of illegal high-rise buildings by CBC on September 8, 2016 KARACHI: The Cantonment Board Clifton (CBC) is giving immunity to the construction of high rise buildings in Gabol Colony, Delhi Colony and Punjab Colony, which is against the rules. Al-Rashid Foundation Pakistan, a local non-governmental organization (NGO), has urged the CBC to take notice of the construction of high rise buildings in its territory […]
Dewan Farooque Motors to resume production by Oct on September 5, 2016KARACHI: Dewan Farooque Motors, manufacturer of famous Shehzore Truck, has announced plans to restart vehicles’ production of different segments by end of October 2016. According to an official announcement made to shareholders on Monday, Dewan Farooque Motors will resume its production under toll manufacturing arrangement and in this regard the company has entered into a […]
EPZA launches Karachi Export Processing Zone Phase-III on September 2, 2016KARACHI: The Export Processing Zones Authority (EPZA) aims to achieve export target of 01 billion by 2025 has launched Karachi Export Processing Zone Phase-III (KEPZ-III). EPZA has invited applications from national and foreign investors offering 180 plots (800 acres land) on first come first serve basis. The EPZA has provided opportunity to investors for doing […]
No check on sale of unhygienic meat at higher prices: CCP on August 30, 2016KARACHI: The Competition Commission of Pakistan (CCP) Tuesday said that ineffective and inadequate meat price control mechanism had led to the sale of unhygienic meat at increased prices. “Meat retailer and butchers exploit the consumer interest by enticing excessive profit which ultimately results in increase of meat prices. The packaged meat prices are monitored but […]