Day: January 7, 2012

Hapless consumers the ultimate victim of gas price raise

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article image STAFF REPORT IBD:Indecisiveness and inefficiency were the hallmarks on the part of the sitting government which it earlier last week had firstly notified CNG prices increase to Rs 77.14 in Pakhtunkhwa, Balochistan and Potohar and to Rs 71.07 in Punjab and Sindh but a strong countrywide public reaction immediately forced it to reduce the gas cess by 60 per cent.The Oil and Gas Regulatory Authority (OGRA) had notified a massive hike of 14 per cent in the gas tariff on all the consumer categories…Read More

PSF matures important national, economic projects

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article image STAFF REPORT IBD: The Pakistan Science Foundation (PSF) is providing nutritional evaluation and nutritional quality improvement for different food products under several research projects and assignment.PSF has been successful in establishing strong and sustainable industrial linkage between Food and Biotechnology Research Centre (FBRC), PCSIR Labs. ComplexLahoreand Bunny's (Pvt) Ltd,Lahore. After completing the project, FBRC is engaged in continuous activity of process development and quality…Read More

Punjab drops plan to launch Monsanto Bt cotton

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article image STAFF REPORT LHR:Punjab, the largest cotton producing province of the country, has decided to drop the proposal of formally introducing certified imported seed of Bt cotton primarily on financial grounds that outweigh the benefits of biotechnology.Arif Nadeem, Secretary Agriculture Punjab, said thatPunjabhas dropped the idea of introducing the Bt cotton seed in collaboration with Monsanto. He also said that negotiations in this connection have ended without yielding any tangible result.A major…Read More

Telecos APRU 4pc up in 2011

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article image STAFF REPORT IBD: Despite sevral challenges during the year 2011 teledensity ofPakistan touched 68.39 per cent reflecting hike of 6.7 per cent over the previous year. But modest increase in cellular industry’s ARPU went up from $2.41 in the previous fiscal year to $ 2.45. Telecom sector revenues swelled to an all-time high Rs 362 billion during the year 2011. The sector contributed over 116.9 billion to the national exchequer.The annual report of Pakistan Telecom Authority (PTA) shows…Read More

| 2011 | 4pc | APRU | Telecos

Plan being mulled to produce gas from coal

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article image STAFF REPORT IBD: Following the worsening crisis of natural gas crisis in the country, the authorities are scrambling to exploit virtually any indigenous sources of energy and are pinning hopes on Thar Underground Coal Gasification UCG pilot project in Sindh province.The underground coal gasification converts coal to gas while still in coal seam, where injection wells are drilled and used to supply oxidants to ignite and fuel underground combustion process, with separate production wells used to…Read More

| Coal | gas | mulled | plan | produce

USAID, ASF join h and s to boost Pak livestock productivity

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article image TAFF REPORT IBD: The United States Agency for International Development (USAID) and Agribusiness Support Fund (ASF) will jointly implement a five-year USAID’s agribusiness project to increase competitiveness and productivity of horticulture and livestock sectors."This project is part of the broaderUSgovernment commitment to help strengthenPakistan’s economy," said Dr Andrew Sisson, Director of USAID, in a statement.He said that the project will have a positive transformative effect…Read More

Telcos need to opt for becoming complete solution providers

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article image STAFF REPORT IBD: With almost one million youth would be entering the work force every year till 2040, the government has no planning of how to provide employment to the young population.According to the PTA, the country’s teledensity has increased to 68.6 per cent. The total mobile subscribers have reached a record level of 112 million.The cut throat competition in the market has led to drastic reduction in average revenue per user (ARPU) in the world. However, despite a record increase in…Read More

Huawei set to get niche in Pak IT industry

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article image STAFF REPORT IBD: Huawei Technologies is all set to introduce its Direct Enterprises Solutions and ICT Systems to commercial arena inPakistan, targeting large and medium sized corporations in the public and private sectors.These solutions and systems includeDataCenter, Video Conferencing Studios, Smart Devices, Cloud Computing, Network Security, Digital Home, e-City andVirtualUniversity, says a statement issued by the company."Huawei Technologies will launch its full-fledged commercial…Read More

| Huawei | industry | IT | niche | Pak | set

Nadra rolls out SMS service for voter verification

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article image STAFF REPORT IBD: The National Database and Registration Authority (NADRA) has developed an SMS service application to leading towards free and fair elections in the country. This new service which will allow the voters to verify their vote registration and particulars in the voters lists, says a press release issued by the NADRA.To avail the service, the potential voter will send his/her CNIC number to a certain code provided after which he/she will receive a message in Urdu which will confirm…Read More

Farmers target govt for wrong policy on urea import

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article image STAFF REPORT IBD: Farmers fromPunjab have strongly criticised the government’s lopsided policy about importing urea and claimed that the subsidy being given on it from the national exchequer is not going to the farmers but to the black marketers."The government is selling imported urea at the rate of Rs 1300 per bag, while the farmers are getting it at Rs 1750 per bag while the factory rate of domestic urea is around Rs 1600 per bag, which was also being sold to farmers at the same rate,&…Read More