Pakistan will request $500 million program loan from the Friends of Pakistan (FOP) to reduce poverty which has surged to over 40 percent, according to Planning Commission Deputy Chairman Aseff Ahmed Ali. Sources told Business Recorder here on Wednesday that the government would seek total $10 billion from the FOP and donors meeting scheduled for April 17 in Tokyo for the current fiscal year.
Federal Minister for Food and Agriculture Nazar Muhammad Gondal on Tuesday said agricultural growth is must for economic uplift of the country and creating awareness among farmers about modern agricultural techniques was key to agriculture progress.
The decades-old pine trees are under threat, as Capital Development Authority (CDA) still lacks any equipment to relocate large trees, impeding the construction of Zero Point Interchange (ZPI).
Electricity bills may be accessed through the internet and incentives will be linked to performance of personnel at various grids, sources in Planning Commission said. At present, Hesco, Pesco and KESC are facing huge transmission and distribution losses, which are 33 per cent, 36 per cent and 38 per cent respectively.
The government has committed to the International Monitory Fund (IMF) to explore the possibility of levying carbon tax to enhance revenue collection. Sources told to Business Recorder on Tuesday that the government is exploring the possibility of levying some kind of excise duty, or carbon tax, on fuel consumption, responsible for pollution problems in Pakistan.
The Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) on Thursday signed a memorandum of understanding to extend technical cooperation for jointly pursuing new ventures in the country and abroad.
Pakistan has a big challenge to achieve the electricity production target of 105,000 megawatts by year 2030 to meet its domestic and industrial demands which are at present increasing rapidly.
Despite declaring agriculture as a priority sector of the country, the outreach of commercial banks credit facilities is restricted to only 1.95 million out of total 6.6 million farm households across the country, sources told Daily Times here on Friday.
Capital Development Authority (CDA) has relocated over 500 trees from the site of under-construction Zero Point Interchange (ZPI), said CDA Director General (DG), Environment, Dr Suleman Sheikh on Friday. He said the authority had made slight changes in design of the ZPI loops and slip roads to avoid further relocation of grownup trees falling in the work area.
Capital Development Authority (CDA) has planned to install 40 new fountains in various areas of the city to beautify it and provide entertainment to the citizens, said CDA Director, Parks, Malik Abid. He said 14 fountains were already functioning in the city.
