Rs 1.1b scholarships given to universities students




STAFF REPORT ISB: As many as 909 students across Pakistan have been given scholarships amounting to approximately Rs 1.1 billion to pursue four-year ICT degree programmes in the top universities of under the PM’s ICT Scholarship Programme.

While an amount of Rs 54.72 million has been provided to 866 final year projects of undergraduate ICT students of public and private sector universities since 2013 under National Grassroots ICT Research Initiative of the IT Ministry.

The

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Rs 1.1b scholarships given to universities students


STAFF REPORT ISB: As many as 909 students across Pakistan have been given scholarships amounting to approximately Rs 1.1 billion to pursue four-year ICT degree programmes in the top universities of under the PM’s ICT Scholarship Programme.

While an amount of Rs 54.72 million has been provided to 866 final year projects of undergraduate ICT students of public and private sector universities since 2013 under National Grassroots ICT Research Initiative of the IT Ministry.

The Ministry

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IRSA, PCRWR agreement underway for employing RS technology




STAFF REPORT ISB: The highly sophisticated technologies such as Remote Sensing (RS) can be optimally utilized for water resource management. This was tendered by Indus River System Authority (IRSA) during an exclusive meeting with the Pakistan Council of Research in Water Resources (PCRWR).

The IRSA delegation during the meeting urged PCRWR to employ these RS technology and also hoped for collaboration in this regard.

Chairman IRSA, Rao Irshad Ali Khan identified various

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PARC approves Rs 3.986 billion budget to bolster agri sector


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

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AIOU announces Rs 15m scholarships for catastrophe hit students


STAFF REPORT ISB: Allama Iqbal Open University (AIOU) announced to allocate an amount of Rs 15 million to provide scholarships for meritorious and needy students from its annual budget. This was promulgated by Vice Chancellor AIOU, Dr Shahid Siddiqui during regional directors’ conference held at Abbottabad.

According to the sources, the scholarships are intended for students belonging to earthquake and flood hit areas to give them ample space to continue their education in an

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Rs 341b agricultural package announced for small farmers




STAFF REPORT ISB: A relief package for small farmers amounting Rs 341 billion was announced by Prime Minister, Nawaz Sharif at a ceremony held the other day.

The Famers Convention was held to highlight the issues faced by small farmers and suggest efforts required to curb them through effective policy measures. Prime Minister while announcing the package stated on the occasion, "The relief package is the continuity of government’s upright policies to develop progress

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Rs 341 billion agricultural package announced for small farmers


STAFF REPORT ISB: A relief package for small farmers amounting Rs 341 billion was announced by Prime Minister, Nawaz Sharif at a ceremony held the other day.

The Famers Convention was held to highlight the issues faced by small farmers and suggest efforts required to curb them through effective policy measures. Prime Minister while announcing the package stated on the occasion, "The relief package is the continuity of government’s upright policies to develop progress agriculture,

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USF recompenses Rs 8 Billion to Telenor and Ufone to amplify services in KPK and Baluchistan


STAFF REPORT ISB: Realizing the enormous land significance of far-flung urban communities of Baluchistan and Khyber-Pakhtunkhwa, the Universal Service Fund (USF) has honored an immense aggregate of Rs 8.76 Billion to Telenor and Ufone to give fundamental telephony and information services to the number of inhabitants in Shangla, Zhob and Sibi.

An agreement of worth Rs.3.61 Billion has been conceded to Zhob which is a residential community and the locale capital of Zhob Region in

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Agri credit disbursement surges to Rs 288.7b


STAFF REPORT KHI: During first eight months of the current fiscal year (July-Feb. 2015) the banks disbursed Rs 288.7 billion which is 57.8 per cent of the overall annual target of Rs 500 billion and 32.3 per cent higher than the disbursement of Rs 218.3 billion made during the corresponding period last year.

The outstanding portfolio of agriculture loans has increased by Rs 34.2 billion i.e. from Rs 273.4 billion to Rs 307.6 billion by February 2015 as compared to same period last year.

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Potable water, sanitation, hygiene project worth Rs 10b starts in Punjab




STAFF REPORT ISB: The Punjab government, while taking a step forward towards improving the quality of life, based on sustainable development of drinking water, sanitation and hygiene, has allocated a handsome amount of Rs 10 billion out of its annual budget.
This allocation would be consumed to run the project – Water, Sanitation and Hygiene (WASH) – across the province.
The WASH project has a cross-cutting effect on several aspects of our life like health, education, female

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Two mega water, power projects worth Rs 172b approved




STAFF REPORT ISB: ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved two mega water and power projects amounting to Rs172 billion to meet the fast growing water and power needs of Pakistan.
One project named as Karachi Water Supply Project (Phase I)-260 MGD (million gallons per day) from the east bank of Keenjhar Lake in District Thatta to Karachi worth Rs. 25.5 billion is to be completed in four years. The water project is aimed at enhancing water

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USF disburses record amount of Rs 4.2b in FY 2013-14


STAFF REPORT ISB: The USF has shown a significant progress as it disbursed a subsidy of Rs. 4.2 billion during the financial year of 2013-14 for its projects to provide telecom services across the length and breadth of the country.
This is so far the highest amount of subsidy disbursed in any financial year by USF since its establishment.
According to details, in Rural Telecom Programme, the USF has been working to provide basic telephony and data services in almost 4,000 muzas which

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OGDCL pays Rs 148.35m bonus for Mela, Nashpa fields




STAFF REPORT ISB: The Oil and Gas Development Company Limited (OGDCL) has paid, so far, Rs 148.35 million on account of production bonus for Mela and Nashpa fields at Kohat, Karak and Mianwali districts.
Out of total amount paid under the petroleum concession agreement, Kohat received Rs 48.95 million, Karak was deposited Rs 97.96 million and the company deposited Rs 1.44 million to Mianwali and these blocks covered 163.62 sq.km in Karak, 81.76sq.km at Kohat and 2.4 km at district

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Punjab allocates Rs 13.16b for agriculture, livestock sectors


STAFF REPORT ISB: The Punjab government has allocated a sum of Rs 13,160 million collectively for the agriculture and livestock and dairy development sectors for the year 2014-15 against the allocation of Rs 7,974 million in 2013-14. As per budget documents, the allocation for agriculture is Rs 7,960 million while for the livestock and dairy development it has been proposed to allocate a sum of Rs 5,200 million for the year 2014-15.
Agriculture and livestock have immense economic potential

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Rs 9 billion project approved for Sindh growers


STAFF REPORT KHI: Sindh Minister for Agriculture, Supply and Prices, Sardar Ali Nawaz Khan Mahar said that the government has approved the project worth Rs 9 billion to provide required facilities to Sindh growers.
He said this while addressing the workshop on "Right use of water to increase production" recently held here which was organised by Directorate General Agriculture Engineering and Water Management Sindh.
"Under this project, the compensation would be made to

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Suparco conducts training on safe communities thru RS, GIS


STAFF REPORT ISB: SUPARCO in collaboration with UNESCO has organized an international training and workshop on "Safe, connected communities against floods through Remote Sensing and GIS Tools" in Islamabad.

Purpose of the event was to focus on increased reliance on application of satellite remote sensing and GIS technologies for early warning of hazards as floods and others.

Ahsan Iqbal, Federal Minister for Planning, and Development Reform, inaugurated the event.

In his

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PTCL posts over Rs 131 billion revenue for FY2013


STAFF REPORT ISB: The PTCL has posted impressive financial results for the financial year 2013 showing a record amount of Rs 131.2 billion (USD 1.29 billion) revenue, while the group’s net-profit stood at Rs. 15.8 billion ($155.02 million).

The financial results has recently been announced at the company’s Board of Directors (BoD) meeting recently held in Abu Dhabi, UAE. The company posted revenues amounting to Rs. 81.1 billion while a net profit of Rs. 12.7 billion was also reported

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