Business

KARACHI: Many domestic consumers of the Sui Southern Gas Company (SSGC) have been complaining about low gas pressure or not getting any gas at all since the beginning of winter in the city, and the situation has worsened over the last couple of days. The areas that have never experienced such a problem before are now also facing unannounced gas …

DERA MURAD JAMALI: Provincial Minister for Agriculture Engineer Zamrak Khan Piralizai on Thursday assured members of the market committee Sibi that the issues being faced by farmers would be resolved on a priority basis. “Sibi division has a significant importance regarding agricultural development and the government is helping in research,” he said during a visit to Sibi. Regarding effects of …

ISLAMABAD: A Senate committee on Thursday asked the federal and provincial governments to put an end to the practice of distributing divisible pool resources on the basis of population and attach more importance to the development of less developed areas. The meeting of the Senate Standing Committee on Less Developed Areas presided over by Senator Usman Kakar said the government …

KARACHI: Commercial production of three Nissan models will begin in the second half of 2020. “We will begin with the assembly of a 1,200cc Datsun Cross in July 2020 and then roll out the 1,200cc Datsun Go (five seater) and Datsun Go Plus (seven seater) in the next two to three months,” Ghandhara Nissan Ltd (GNL) Project Director and Senior …

RAWALPINDI: The Punjab government will be establishing six to eight new industrial zones in the province, said Punjab Board of Investment Chairman Sardar Tanveer Ilyas on Thursday. Mr Ilyas was visiting the Rawalpindi Chamber of Commerce and Industry (RCCI) to meet with local shopkeepers and traders. He said the Punjab government is working on providing the maximum facilities for the …

KARACHI: The Employees’ Old-Age Benefits Institution (EOBI) is unable to collect proper and due contribution from the provinces after the 18th Amendment. The EOBI had been working to achieve the objective of Article 38(C) of the Constitution by providing compulsory social insurance to retired workers for over 40 years in the shape of old-age pension, survivor’s pension, invalidity pension and …

ISLAMABAD: The prevailing unrest among domestic gas consumers due to excessive billing, mostly in Punjab and Khyber Pakhtunkhwa, is creation of a combination of three critical policy decisions and improved gas supply, besides the usual higher winter consumption. As public anger goes up, Prime Minister Imran Khan has called an urgent meeting of the Cabinet Committee on Energy on Wednesday, …

KARACHI: Total cement sales — export and local despatches — posted a meagre growth of 1.67 per cent to 26.765 million tonnes during the first seven months of this fiscal year mainly due to reduction in government spending on infrastructure projects. However, exports surged 50.47pc to 4.141m tonnes during the July-January period of 2018-19, from 2.775m tonnes in the corresponding …

ISLAMABAD: Amid public uproar over the inflated gas bills, the government on Wednesday hinted at reviewing pricing mechanism through a cross-season equalisation margin for domestic consumers without affecting revenue stream of the gas companies. This came following a meeting of the Cabinet Committee on Energy (CCOE), presided over by Finance Minister Asad Umar, on special instructions of prime minister to …

ISLAMABAD: Amid provincial opposition to finance additional federal responsibilities, the reconstituted 9th National Finance Commission (NFC) agreed on Wednesday to base next resource distribution award on sixth population census of 2017 and involve provinces in dialogue with the International Monetary Fund. The maiden meeting of NFC, presided over by Finance Minister Asad Umar, also constituted six working groups on various …