Tag: approves

Nepra approves reduction of Rs1.9 per unit in tariff

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The National Electric Power Regulatory Authority (Nepra) has approved Rs1.90 per unit reduction in power price for Ex-Wapda distribution companies (Discos) for under monthly fuel adjustment formula. On a petition filed by Central Power Purchase Agency (CPPA), presided over by Nepra Chairperson Tariq Saddozai, power regulator concluded that distribution companies had charged Rs6.776 per unit […]…Read More

Senate body approves controversial cybercrime bill

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article image ISLAMABAD: Despite continuous outrage from the opposition parties and constructive criticism by the civil society, the controversial Prevention of Electronic Crimes Bill, 2016 has been passed by the Senate Standing Committee on Information Technology and telecommunication. A senate body in Pakistan has approved the bill against cybercrime - which has been widely criticized by the countryand#39;s public as a means to curb human rights and freedom of…Read More

CCP approves Mobilink merger with Warid

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article image STAFF REPORT ISB: The Competition Commission of Pakistan (CCP) has approved the merger of Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom. This approval is the first of four required approvals from the local regulatory bodies, including PTA, SECP and SBP. "The CCP has approved our request to merge the two businesses. This combination will be a positive step for the development of technology and communications services in Pakistan. Together, the future entity…Read More

Senate body approves Halal Authority Bill

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STAFF REPORT ISB: The Senate’s Standing Committee on Science and Technology has approved the Pakistan Halal Authority Bill for regulation of all imports and exports in Halal articles and processes. The parliamentary panel was told that Pakistan wanted to establish its own accreditation system for Halal foods instead of relying on the WTO and its recommendations. "Pakistan, along with other Muslim countries, is against it," said Pakistan National Accreditation Council (PNAC…Read More

UET approves annual development budget

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article image STAFF REPORT LHR: The 33rd meeting of the University of Engineering and Technology (UET) Lahore Senate has recently been held at the Seminar Hall of Chemical Engineering Department. Malik Rafiq Rajwana, Governor of Punjab/ Chancellor of the University, presided over the meeting. The meeting approved the recurring and development budget for the year 2015-16 of Rs. 2633.281 million and development budget Rs. 2997.021 million, both for income and expenditures with a deficit of Rs. 71.068…Read More

WB approves additional $35m for water resources

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article image STAFF REPORT ISB: The World Bank has approved an additional financing of $35 million to support improved management, planning and development of water resources in the Indus River Basin with better environmental and social considerations. This financing would help enhance the government's capacity to address the basin level management of Indus water resources, including support to climate-change adaptation and mitigation measures. "Water sector issues are enormous and complex and…Read More

ECC approves Telecom Policy 2015 with greater vision

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article image STAFF REPORT ISB: The Economic Co-ordination Committee (ECC) of the Cabinet has approved the Telecom Policy 2015 designed to attract investment and innovation in the sector. The policy includes various new elements such as competition framework, spectrum strategy, spectrum sharing, satellite communication, which were not present in earlier policies. The vision articulated in the policy is availability of universal, affordable and quality telecommunication services provided through…Read More

PARC approves Rs.3.986b budget to bolster agri sector

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STAFF REPORT ISB: A budget of Rs 3.986 billion is approved for the year 2015-16 to improve agricultural research and food security in the country. The budget was sanctioned by Board of Governors (BoG) of Pakistan Agricultural Research Council (PARC) during their 39th meeting . The meeting was presided over by Federal Minister for National Food Security and Research (MNFSandR). The breakdown of the budget reveals that Rs 2.63 billion is allocated for non-development funds while the…Read More

PARC approves Rs 3.986 billion budget to bolster agri sector

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article image STAFF REPORT ISB: A budget of Rs 3.986 billion is approved for the year 2015-16 to improve agricultural research and food security in the country. The budget was sanctioned by Board of Governors (BoG) of Pakistan Agricultural Research Council (PARC)during their 39th meeting . The meeting was presided over by Federal Minister for National Food Security and Research (MNFSandR). The breakdown of the budget reveals that Rs 2.63 billion is allocated for non-development funds while the…Read More

NEPRA approves tariff for 350MW Coal Power Plant

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STAFF REPORT KHI: The tariff of 350MW Coal fired power plant has been approved. The power plant is first of its kind project which will be set up at Port Qasim, Karachi by private company Siddiqsons Energy Limited (SEL). A. Rahim Rafi, Chief Executive Officer SEL commented on the approval of the tariff, "NEPRA approval of upfront tariff for this coal fired power plant will help to speed up the progress on this project. The company strives to bring innovative cost efficient energy…Read More