Dec 042008

By Muhammad Yasir

KARACHI: Pakistan’s first wind turbine project has been completed at a pilot investment of $130 million in Jamphir by Turkish firm on Wednesday with an initial capacity to generate 1.2 Mega Watt (MW) electricity. Zorlu Energy Group is scheduled to supply electricity to around 60,000 households by January 2009 on the agreed tariff of 4.2/Kilo per hour (Kph) to HESCO.
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Jun 202008

LAHORE: Pakistan’s foreign reserves fell by $44 million to $10.91 billion in the week that ended on June 14, said the central bank on Thursday.

Reserves held by the State Bank of Pakistan fell by $12 million to $8.267 billion, while those held by commercial banks rose to $2.643 billion from $2.567 billion.
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Jun 032008


ISLAMABAD (June 03 2008): The government may introduce a “luxury tax” in the upcoming budget to tax luxurious items like vehicles, property of the elite class of Pakistan. It is learnt on Monday that the tax managers are seriously working on the proposal of levying “luxury tax” at some lower rate in the budget (2008-2009). Continue reading »

May 252008

By Irfan AligiKARACHI: Wouldn’t it be better if we first considered using the resources in Pakistan before importing technology for the electricity crisis? This would seem like the obvious choice but one energy expert, Mian Suhail Hussain of Gresham’s (Pvt) Ltd, argues that the government seems bent on the opposite. Sixty percent of the total energy produced in the country is hydel. But the capacity of reservoirs is shrinking and we don’t have enough dams. Continue reading »