Pakistan Observer

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Tuesday, October 20, 2009, Shawwal 30, 1430

 
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Business News
RPPs to help end power cuts: Minister

Staff Reporter

Karachi—Minister for water and power Raja Pervez Ashraf has said he still stands by his stance about elimination of load shedding by the end of this December adding energy crisis will soon be overcome through rental power projects. “I have not said any thing about continuation of load shedding beyond this December. I still stand by stance for ending load shedding by this December”, he said this while addressing a press conference with Sindh chief minister Qaim Ali Shah after the meeting of Thar coal energy board here Monday.

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Libya keen to have NESPAK entity

Staff Reporter

Islamabad —Libya has shown interest for cooperation in multiple technical and engineering sectors. According to sources in the Ministry of Water and Power, the ground for such a mutually beneficial cooperation was laid during the Prime Minister’s recent visit to Libya. This was followed by mutual consultations between the two countries at appropriate levels.

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Consumers urged to help end demand for exploited labour

Islamabad—International Organization for Migrants (IOM) in its recent campaign has called upon consumers to help end demand for exploited labor worldover. “Eliminating demand for trafficked and exploited labour to provide cheap goods and huge profits desired by consumers and businesses the world over is critical,” the IOM emphasized in its campaign started on Monday.

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Shipping activity at PQ

Karachi—Brisk shipping activity was observed at the Port where four ships scheduled to load/offload Containers, Cement, Palm oil and Furnace oil were berthed at Qasim International Containers Terminal, Multi Purpose Terminal, liquid Cargo Terminal and FOTCO Oil Terminal respectively on Sunday. Meanwhile, four more ships carrying Containers, Chemicals and Palm oil also arrives at outer anchorage of Port Qasim during last 24 hours.

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Security risks hold back IPI pipeline: India

Monitoring Report

INDIA said today that security considerations were delaying its participation in the tri-nation Iran-Pakistan-India (IPI) gas pipeline, but it had not shut its doors on the project. “Its not that we’re not interested and we certainly haven’t shut the door on it. It’s true we’ve pushed it to the back burner,” Minister of State for External Affairs Shashi Tharoor said on an online radio show here. Underlining the need of India’s energy security, the minister said India continued to have legitimate security concerns that needed to be addressed before the deal went through, so that New Delhi was certain that its resources remained safe.

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