Posts Tagged Geo News

China to invest in Pakistan Steel Mill

Posted on July 10, 2009

Geo News: China Metallurgical Group Corporation (MCC) has shown its interest to invest 2.2 billion US Dollars for the expansion and revamping of Pakistan Steel Mills (PSM). A twelve member delegation of MCC headed by Ms Huan met here on Thursday with the Federal Minister for Industries and Production Mian Manzoor Ahmad Wattoo and discussed [...]

Hike in prices of Atta, rice, tea, pulses in Peshawar

Posted on July 4, 2009

PESHAWAR: The effects of rise in prices of petroleum products are now becoming visible in Peshawar markets following Karachi. Geo News reported, prices of groceries have been increased in Peshawar following the hike in prices of petroleum products. The major items witnessing rise in prices include rice, pulses, Atta and tea.

Gas price decreases 2pc to 4pc, OGRA

Posted on July 1, 2009

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced 2 to 4 per cent decrease in gas prices while the notification in this regard has been issued late on Tuesday, Geo news reported. According to notification issued from OGRA, the cut in gas prices will be applicable with effect from Wednesday, July 01, 2009 [...]

Govt to earn 43pc per liter from new petroleum prices

Posted on June 30, 2009

ISLAMABAD: The government will receive approximately 43 percent per litre profit after the enforcement of new petroleum prices, Geo News reported Tuesday. According to Dr. Asim Hussain, Advisor to Prime Minster on Petroleum and Natural Resources, the petrol per liter price has been proposed to rise by 10.55 percent and diesel price to rise 12.5 [...]

Pakistan mango crops affected by Speedy winds in interior Sindh

Posted on June 19, 2009

KARACHI: The speedy winds blew yesterday in interior Sindh had damaged the mango crops. Chairman All Pakistan Fruits Exporters Association Abdul Wahid told Geo News that harvest is ready but speedy winds blew yesterday has damaged the part of crop. He said at least 25, 000 ton mangoes had been exported from May 20 to [...]

WB approves $135 mln loan for Pakistan

Posted on June 19, 2009

WASHINGTON: The World Bank (WB) has given approval, allowing for Pakistan the aid of dollar 135 million as loan to be spent on two separate projects including the anti-polio drive and social welfare programs, Geo news reported early on Friday. This was stated in a statement released from WB here.

Pak-Iran gas pipeline project formally signed

Posted on June 5, 2009

ANKARA: The gas pipeline project between neighboring Pakistan and Iran has been formally signed here late on Friday, Geo news reported. The agreement was signed between Iranian National Oil Company (INOC) and Pakistani Interstate Gas Company (PIGC). The Managing Director (MD) of PIGC Hassan Nawab told Geo news the agreement is governed through third country [...]

Pak, ADB signed Neelum-Jhelum project investment pact

Posted on June 5, 2009

ISLAMABAD: Pakistan and Islamic Development Bank (IDB) have signed $140 million investment pact for Neelum-Jhelum power project. Sources of Economic Affairs Ministry told Geo News that Memorandum of Understanding (MOU) has been signed in IDB executive board meeting. Pakistani ambassador has signed the MOU in Turkmenistan’s city Ashkabad.

Gadani ship breaking hit by suspension of oxygen gas supply

Posted on May 30, 2009

GADANI: The suspension of oxygen gas supply by the DOC Company has severely hit the ship breaking industry here, throwing thousands of workers out of employment, while as many as 78 scrap ships worth billions of rupees are waiting at the docks for necessary dismantling. Additional collector customs, Ali Sher told Geo News that about [...]

Power rates-hike by at least 10 pc in new budget

Posted on May 29, 2009

ISLAMABAD: The government has decided at least 10 percent power tariffs increase in the upcoming financial budge-2009-10. Federal ministry of water and power spokesman told Geo News that power costing government Rs8.37 per unit, while the customers were being charged on average at Rs5.60. Thus the subsidy on power given to the people during the [...]

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