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Author Archives: Mati ur Rehman

31.28b units generated in 2014: Wapda launches 2 hydropower projects of 3,570MW

LAHORE: The Water and Power Development Authority (Wapda) has added 386 million more units to the national grid in 2014 against the previous year. According to a Wapda spokesman, the Authority generated 31.289 billion units of hydel electricity in 2014 as compared to 30.903 billion units in year 2013. He said this increased generation was made possible due to better ... Read More »

World’s cheapest automatic car 2015 Maruti Alto K10 launched in India

NEW DELHI: Maruti has introduced more fuel efficient Alto K10 than the outgoing model at 24.07 km per litre. The new K10 is based on the Alto 800, but gets its own design formula with new headlights, a chrome grille, new front and rear bumpers, Celerio-inspired taillights and a new rear windshield. Inside, the dashboard of the new K10 looks ... Read More »

Rupee crawls towards 100 a dollar target, gains 10 paisas to reach 100.6

KARACHI: The Pakistani rupee Thursday gained more value against US dollar in interbank and slightly weakened in open market as State Bank Pakistan’s annual report praised the country’s macro-economy and also lauded the strengthened Pakistani currency. As per local currency market, the US dollar lost 20 paisas in interbank to close at 100.6 and gained 5 paisas in open market ... Read More »

2015 Kia Sorento SXL AWD will come up with price range from $26,995 to $42,595

SEOUL: Kia has unveiled the latest model of Sorento SUV having economical midsized package. For the 2015 model, the new Kia Sorento remains mostly unchanged from the styling update in 2014, featuring available V6 power and a new top-range trim level including all available features, the SXL, replacing the outgoing Limited trim. The 2015 Kia Sorento SXL AWD brings the ... Read More »

Pak rupee remains steady vs dollar at 101.6 in interbank

KARACHI: Pakistani rupee Friday remained firm against US dollar both in interbank and open market. As per currency market, the greenback remained unchanged at 101.6 and 102.6 in interbank and open market respectively on the last trading day. On Thursday, the US currency also remained unchanged in interbank at 101.6, however it lost 25 paisa in open market to reach ... Read More »

NAB nabs PDA official in Rs100m fraud case, releases Director after Rs8.1m plea bargain

PESHAWAR: The National Accountability Bureau (NAB) of Khyber Pakhtunkhwa, after completing investigation in a Rs100 million embezzlement case, has arrested Peshawar Development Authority (PDA) Divisional Account Officer Nadeem Shad and ordered freezing of properties owned by him and Samba Bank Peshawar Regional Manager Sheraz Khan. According to NAB, Nadeem Shad had opened a fake bank account in connivance with Sheraz ... Read More »

Abid says 4,000MW more electricity in 2015, suspends X-En, 4 SDOs over complaints

LAHORE: The government is taking measures to further increase power generation and 4,000 MW electricity will be added to the national grid in 2015. This was stated by Minister of State for Water and Power Abid Sher Ali during a four-hour long open court (Khuli Kachery) to listen to the grievances of the power consumers fall in the limit of Lahore ... Read More »

Five Assistant Collectors assume charge

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding charge relinquishment/assumption of five Pakistan Customs Service (PCS) officer/Assistant Collectors of BS-17. As per details, Arma Hassan has relinquished the charge of the post of Assistant Collector (Probationer), Directorate General of Training & Research (Customs), Karachi w.e.f 27.10.2014 and assumed the charge of the post of Assistant Collector, Model Customs ... Read More »

World’s most expensive and luxurious Mercedes models

BERLIN: This list of the costliest Mercedes Benz cars is for the people who love luxurious vehicles and want to know about them. Mercedes-Benz, as you probably know, is a German luxury automaker, and one of the finest, if not the best, of its kind. You may trace the origins of this company back to 1886 and Karl Benz’s Benz ... Read More »

Power tariff be cut by 12pc as oil prices slashed to $78 from $115 per barrel

LAHORE: The federal government should cut power tariff by 12 per cent as the oil prices in the international market have further decreased. Pakistan produces most of its electricity through oil and the oil prices have been cut by 28 per cent to $78 from $115 per barrel since mid of the month of June this year. In the running ... Read More »

Govt issues Rs88.7b for development projects, Rs23,736m for Atomic Energy

ISLAMABAD: The federal government, under Public Sector Development Programme (PSDP), has released over Rs88.717 billion for various projects against total allocations of Rs525 billion for the current fiscal year. Data issued by Ministry of Planning, Development and Reforms shows that Rs23,736.200 million have been released for various projects of Pakistan Atomic Energy Commission, out of its total allocations of Rs51,475 ... Read More »

Pakistan Customs seizes 4kg heroin from a UK-bound passenger at Islamabad Airport early on Tuesday morning

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G20 grapples with growth targets as eurozone drags

CAIRNS, Australia: Finance ministers from G20 nations meet in Cairns this weekend as they grapple with how to achieve a lift in global growth by two percent while being held back by a sickly eurozone recovery. Strengthening global growth, creating jobs and how to achieve this is the Group of 20’s top priority under Australia’s rotating presidency, along with making ... Read More »