Business News

Anusha, British HC discuss cooperation in IT sector

Staff Reporter

Islamabad—British High Commissioner to Pakistan Philip Barton called on Minister of State for Information Technology Anusha Rehman in her office on Wednesday and discussed areas of mutual interest and cooperation between the two countries, especially in the information and telecom sector. The High Commissioner apprised the Minister that the UK appreciates the vision and efforts of Pakistan for the development of information and communication technology sector and expressed willingness to cooperate and collaborate in areas of common interest in the ICT sector.

Power tariffs need to set in line of per capita income

Amanullah Khan

Karachi—Power tariffs in Pakistan linked with international standards manipulated by the donors while the price mechanism should be based in accordance with domestic conditions, per capital income and state of the economy. There is a need of transparent power pricing system as people are not getting any relief despite burning cheap and indigenous natural gas but costing is oil based benefiting only to the price policy-making authorities. The taxes including GST should also slashed considerably to translate the actual spirit of utility rather than making utilities a tax collecting agencies.

PRGMEA seeks level playing field for value-added textile industry

Salim Ahmed

Lahore—Expressing serious concern over continued declined in textile exports owing to deteriorated power crisis, the Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) has sought the level playing field for value-added textile industry of Punjab, as industries in other provinces are enjoying smooth gas and power supplies, rendering the Punjab industry uncompetitive within the country. PRGMEA central chairman Ijaz Khokhar observed that the country has exported textile made goods worth of $4.6 billion during July-October 2014-2015 against $4.7 billion of the same period of the previous year, showing drop of 1.54 percent.

Govt putting all efforts to triumph over energy crisis: Baligh

International Conference on Energy Systems & Policies concludes at AU

Zubair Qureshi

Islamabad—Energy is the vital concern of government and all efforts are being made to overcome the energy crisis in Pakistan. Minister of State for Education and Interior, Engineer Muhammad Balighur Rahman said this at the concluding ceremony of 3-day International Conference on Energy Systems and Policies at Air University here on Wednesday. He commended the university’s efforts for holding such an important conference. “Such conferences are very helpful in exploring alternative solutions to the current energy crisis. Hopefully, the conference will guide the government in designing the future policies for a stable energy system in the country especially when the deficit in our energy demand and supply has reached to alarming limits.”

Secretary Petroleum for acceleration of exploration activities

Mian Arshad

Islamabad—Secretary Petroleum and Natural Resources Abid Saeed, Wednesday, emphasized to accelerate the exploration activities as the government had issued many exploration licenses under petroleum policy 2012. Addressing hat 20th Annual Technical Conference (ATC) 2014, here, he said that sector was a game changer that would bring prosperity to the country and to the companies as well. ATC was jointly organized by Pakistan Association of Petroleum Geoscientists (PAPG) and Society of Petroleum Engineer (SPE) Pakistan was in inaugurated by Muhammad Rafi MD/CEO Oil & Gas Development Company Limited (OGDCL) on the subject of “Energy Challenges of Pakistan and E&P Strategies”.

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