Jul 232017
 
Export of sugar

The Economic Coordination Committee (ECC) of the Cabinet in its meeting held under the chairmanship of Federal Minister for Finance has approved the export of 0.3 million tonnes of sugar against the demand of 0.6 million tonnes. The decision was taken to allow the export under certain conditions to avoid the escalation of prices of sugar in the domestic market. The export of 0.3 million tonnes of sugar will be in addition to the quantities already allowed for export by the ECC. According to some media reports, the Pakistan Sugar Mills Association (PSMA), in May 2017 had informed the government that the sugar industry had produced record quantity of sugar leading to a surplus of 1.475 million metric tonnes which was resulting in the delayed payment to the sugarcane growers. The association requested that the Sugar Advisory Board should consider allowing the export of sugar. At present, sugar mills owe almost Rs25 billion to sugarcane growers. The mill owners are unable to pay the due amount because of the financial crunch faced by the industry and its poor liquidity position. In view of the above, there is a strong need to overview the sugar stock situation and accordingly enhance the export quota. This will facilitate the mills to pay farmers’ outstanding dues and commence the 2017-18 crushing season on time. This will also bring the much needed foreign exchange to the country and reduce its trade deficit. Khan Faraz (Peshawar) Click for detailed story

Jun 112017
 
CPEC TO CHANGE DESTINY OF ENTIRE REGION: SHAHBAZ

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Sahiwal Coal Power project is the first initiative completed under the China-Pakistan Economic Corridor in a record short time.He stated this while talking to Federal Minister for Planning, Development and Reforms Ahsan Iqbal in Lahore on Monday.The Chief Minister said that CPEC is a game-changer and once completed it will change the destiny of entire region.He said that China is making an historic investment of fifty-five billion dollars under the China-Pakistan Economic Corridor in Pakistan.Source: Radio Pakistan Click for detailed story

Feb 152017
 
K-Electric team apprises Dar of power situation in Karachi

ISLAMABAD: A delegation of the K-Electric called on Finance Minister Senator Mohammad Ishaq Dar here on Wednesday morning. Federal Minister for Water & Power, Khawaja Muhammad Asif was also… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Click for detailed story

Jan 232017
 
Another train accident

Yesterday (Jan 23), six people of the same family were killed when a car was crushed by a train. The accident occurred at an unmanned crossing. The train, Shalimar Express, was heading to Lahore. Federal Minister for Railways Saad Rafique directed the relevant authorities to investigate the incident. This has now become a routine – a terrible incident happens and the minister orders for an inquiry. No satisfactory steps are taken to minimise such events. Earlier this month, a collision between a train and motorcycle-rickshaw claimed the lives of school-going children. The minister should not wait for another unfortunate incident and take some safety measures. Sarang Kolachi Hyderabad Click for detailed story

Dec 212016
 
Kazmi moves SC against punishment awarded by IHC

ISLAMABAD: The Supreme Court on Wednesday directed the Adilala Jail authorities to produce record pertaining to the sentence of former Federal Minister for Religious Affairs Hamid Saeed Kazmi who is… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Click for detailed story

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