Progress made to purchase Indian electricity

STAFF REPORT IBD: Pakistan has made a significant progress towards mitigating the energy crisis with the federal cabinet according approval for signing of an MoU with India for trade of electricity.

It was informed to the federal cabinet the Ministry of Water and Power had initiated negotiations with India in this regard and the World Bank has undertaken to finance a feasibility study of the project.

It is to be mentioned here that the issue of electricity import from India has been

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Sugarcane purchase price set at Rs 170/40kgs

STAFF REPORT LHR: The Punjab government has fixed the minimum purchase price of sugarcane for the current season at Rs 170 per 40 kilograms or Rs 425 per 100 kilograms.However, sugar factories may deduct from the purchase price, the transportation charges incurred by them on the cane purchased at purchase centres and other locations away from the factory gate at the rate of Rs 1.25 per quintal (100 kg) per kilometre subject to a maximum deduction for a distance of 40 kms from the factory gate

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SIMs purchase limit cut to 5

STAFF REPORT IBD: The Pakistan Telecommunication Authority (PTA) has revised the limit for purchase of SIMs from 50 to five for one individual in its amended Subscribers Antecedents Verification Regulations.According to the new rule of the Authority, an individual can have five SIMs – prepaid or postpaid – on one CNIC from different or one cellular phone companies.The Authority has issued its new orders following the direction of Chief Justice of Pakistan Iftikhar Muhammad Chaudhry, who asked

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