Islamabad—There is going to be shortage of
jet fuel at Karachi airport due to shut down of
Pakistan Refinery Limited from October 5 for ten
days. A similar situation arose a few months
whereby PIA and other airlines flights were
delayed and scheduled disrupted due to dry out
situation at the Eastern Joint Hydrant Depot at
Jinnah International Airport.
ASIA may be leading the global economic
recovery, but it could face a period of slower
growth and rising unemployment in coming years
as it transitions from exports to domestic
demand, the International Monetary Fund said on
Sunday. Governments will have to prop up their
economies for much longer than in past economic
crises if they wish to avoid another downturn in
2010 or 2011, the IMF said.
Istanbul—Prince
Alwaleed bin Talal, a big investor in Citigroup
(C.N), urged the U.S. government to sell its
stake in the bank as soon as this year to boost
investor confidence, Emerging Markets magazine
reported. “The earlier the U.S. government exits
its investments in those companies, the better,”
as long as the withdrawal is not done in a way
that hurts the prices of U.S.
Islamabad—A hearing was held in National
Electric Power Regulatory Authority (NEPRA) at
its office in Islamabad for determination of
tariff for the first quarter 2009-10 for
Hyderabad Electric Supply Company (HESCO). The
Petitioner (HESCO) had requested for an increase
in tariff for the first quarter from Rs. 10.97
to Rs. 11.52 per unit.
Lahore—With a
view to promote fisheries and aquaculture in the
country, the fisheries Department Punjab is
providing state-of-the-art on job training and
research facilities to the fisheries departments
of other provinces. These views were expressed
by Director General Fisheries Punjab Dr.
Muhammad Ayub while speaking at the inaugural
session of training course for officers of
Department of Fisheries Baluchistan at Fisheries
Research and training Institute Manawan Lahore.
