USF expected to spread broadband services

USF expected to spread broadband services

KARACHI: The Universal Service Fund (USF) has played a great role in spreading telecom services in far-flung areas of Pakistan and experts believe it can play its part again in the promotion of broadband services across the country. Pakistan’s largest province by area, Balochistan, witnessed the development of telecom infrastructure and...

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China to keep providing assistance to Pakistan’s power sector

China to keep providing assistance to Pakistan’s power sector

ISLAMABAD: The Power Division has decided to meet individually all investors pouring money into energy projects of the China-Pakistan Economic Corridor (CPEC) in order to help fast-track work on these projects and remove any difficulties being faced by them. Federal Minister for Power Division Awais Ahmed Khan Leghari announced this during...

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New border terminals planned to push trade with Kabul, Delhi

New border terminals planned to push trade with Kabul, Delhi

ISLAMABAD: In an effort to fully exploit the geostrategic position of Pakistan and make it a potential hub of transit trade, the National Logistics Cell (NLC) has chalked out a comprehensive plan for setting up new border terminals at key entry and exit points with neighbouring countries. Apart from this, the...

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Foreign CNG cylinder manufacturers to visit Pakistan this month

Foreign CNG cylinder manufacturers to visit Pakistan this month

KARACHI: Domestic and foreign industrialists and traders associated with compressed natural gas (CNG) and allied industries have started reorganising their businesses in Pakistan after a surge in the price of petrol – a rival of CNG – to a three-year high. The petrol price has been increasing over the past six...

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APTMA seeks policy for revival of industry

APTMA seeks policy for revival of industry

LAHORE: All Pakistan Textile Mills Association (Aptma) Chairman Aamir Fayyaz has urged the government to announce and lay down the implementation mechanism for the agreed long-term policy for the revival and growth of the textile industry. “An early announcement of the policy will help reverse trade account deficit and thereby contribute...

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FBR drags its feet on key reforms

FBR drags its feet on key reforms

ISLAMABAD: The Federal Board of Revenue (FBR) is back-pedalling on reform measures which were originally designed to block all loopholes in the tax administration system leading to revenue losses. The reform measures were evolved as part of the Tax Reforms Commission’s recommendations and were tasked to the Tax Implementation Reform...

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What a weak dollar means in 2018: staycations and local shopping

What a weak dollar means in 2018: staycations and local shopping

US consumers may soon begin to feel some pain from the dollar’s downturn, although the recent slide in the world’s main reserve currency isn’t bad news for everyone in America. The greenback has dropped 8 per cent in 2017 and is on track for its first annual decline in five...

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SBP move likely to cause dollar shortage in open market

SBP move likely to cause dollar shortage in open market

KARACHI: The State Bank of Pakistan (SBP) has decided to cut the import requirement of cash dollars to 35 per cent against the export of foreign currencies, creating fears about a shortage of the greenback in the open market. The central bank issued a circular on Monday that asked exchange...

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Power consumers to get real-time billing, supply info via mobile app

Power consumers to get real-time billing, supply info via mobile app

ISLAMABAD: With a continuously shrinking demand-supply gap, the government launched on Tuesday a mobile phone application to let consumers know real-time electricity billing and supply situation of any public-sector distribution company (Disco). Speaking at the launch of Roshan Pakistan, an Android-based mobile app, Minister for Power Awais Ahmad Khan Leghari...

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Saudi Arabia, Egypt outperform in weak region

Saudi Arabia, Egypt outperform in weak region

DUBAI: Saudi Arabia’s stock market rose in a mostly weak Gulf region on Tuesday after data showed deflationary pressure on the economy easing, while Egypt also gained but trading volume remained very low because of the end-of-year holiday period. The Saudi index rose 0.4 per cent as real estate developer...

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