Engro Fertilizers and other companies of this industry have announced Rs.240 reduction in price of 50 kilogram bag. Government has already stopped the collection of Gas Infrastructure Development Cess by these companies which was charged in price from farmers after the enforcement of last PPP government legislation for this purpose in December, 2011. A cess…

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Prime Minister Imran Khan has emphasised the need of collective efforts by the international community to win war against the spread of coronavirus pandemic which has affected 190 plus countries at a massive scale, both developed and underdeveloped. He said this, while expressing his best wishes for the speedy recovery of Prince Charles, heir to…

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The cabinet committee on energy CCOE) has assigned the task of conducting audit of circular debt to National Electric Power Regulatory Authority (NEPRA). Earlier the regulator has differed with the figures of circular debt compiled by Power Division and International Monetary Fund officials had remained engaged with this division, suggesting third party audit of power…

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Higher Education Commission (HEC) has asked for proposals from universities, institutes, and individual researchers on “novel corona crisis.” The Commission intends to provide funds for quality research on the mutated virus under the World Bank Research and Innovative Fund (RRIF) Programme. It aims to mobalise research capabilities of universities in support of national efforts to…

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Governor Khyber Pukhtunkhwa, Shah Farman has formally inaugurated telemedicine project at Khyber Medical University, Peshawar. The underlying objective of the project is to provide online medical consultative services free of cost to deserving people and reduce burden on government hospitals, private hospitals and clinics during these times of COVID-19 pandemic. Project Director Dr. Abdul Jalil…

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National currency has lost its value by Rs.8.45 in the past few days against the US dollar in the interbank market. The rate of exchange dropped to Rs.167.45 for a dollar. Fast devaluation of rupee has increased the burden of foreign debt.  The option of making a request for debt moratorium by the multilateral donor…

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Pakistan Association of Automotive Parts and Accessories Manufacturers have sent a letter to Engineering Division stating therein about the availability of technology and know how for locally manufacturing ventilators and other medical equipment. It merits mention that Chairman NDMA told the other day about the import of 17.000n ventilators and protective equipment for doctors and…

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After the delivery of his speech at Parliamentary Leaders Video Conference called by the National Assembly Speakers Asad Qaisar on coronavirus breakout, Prime Minister Imran Khan went offline and may have attended other important official engagements. Although other senior leaders of ruling PTI including Foreign Minister Shah Mehmood Qureshi were present in the conference but…

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National Management Authority is in the forefront of war against coronavirus outbreak. Chairman of the Authority Lieutenant General Muhammad Afzal has made a worrying statement about the shortage of the most essential equipment needed during treatment of patients of COVID-19 i.e. ventilators because it hits the respiratory tract and lungs. He told senior journalists that…

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Production and sales of major jobs providing automobile sector has been on the downward trajectory almost over the past one year. Unaffordable finance cost because of high interest rate, and sky-high prices of utilities, regressive taxation and rising import cost of completely knock-down and semi knock-down major auto components due to currency depreciation are the…

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