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Farhan Hameed
Joined on: Nov 30, -0001 Published stories: 70

Articles By Farhan Hameed

Gas prices to be revised with Iran

Pakistani government official has announced that the authorities will renegotiate the price agreement for the import of natural gas with the government of Iran shortly. An import agreement has been recently signed between the two countries for the supply of 750 million cubic feet per day (MMCFD) of natural gas by 2014. A $3.6 billion […]

Pakistan government receives severe threats from Hafiz Gul Bahadur

One of the most powerful militant leaders in Pakistan’s North Waziristan region, Hafiz Gul Bahadur, has given threats to the government of Pakistan that he is going to tear apart the peace pact and turn his fighters against Islamabad government. Three years back, Bahadur had signed an unofficial non-aggression accord with the Pakistan army, which […]

PIA employees on for a countrywide protest from 18th of this month

Employees of the national carrier of the country, Pakistan International Airlines (PIA), have announced that they will have planned to go on a countrywide protest against the rapidly deteriorating conditions and erroneous policies of the company from the 18th of November. The call for protest was made by the action committee of the employees’ union, […]

Prime Minister Gilani urges Russian investors

Prime Minister of Pakistan, Sayed Yousuf Raza Gilani, invited the Russian investors to explore the available business opportunities in Pakistan. He was addressing to a dinner hosted in his honour by Ambassador Khalid Khattak and attended by members of the Pakistani community, businessmen and senior officials in Saint Petersburg, Russia, on Sunday. Gilani urged the […]

Government turns down PIA’s bailout package

The government of Pakistan has rejected the bailout package worth Rs. 20 billion requested by the Pakistan International Airlines (PIA) to help out the national carrier from its financial crisis. Amidst severe financial crisis, a bailout package was asked by PIA last month, which was eventually turned down on Thursday, on the basis that the […]

PTCL fined Rs. 82 million by PTA

PTCL fined Rs. 82 million by PTA Pakistan Telecommunication Company Limited (PTCL) has been heavily fined with Rs. 82.496 million by the Pakistan Telecommunication Authority (PTA) for unauthorised use of extra radio frequency spectrum. PTCL was send a notice from PTA, ordering the company to pay the fine for unauthorised usage of frequency spectrum within […]

Gas management plane on the offering, as severe shortage about to strike in winter

With many regions of the country already suffering from shortage of gas, the government is working out  a gas management plan for the winter season. With increasing demand of gas on domestic and industrial level in winter, the government is thinking of devising a plan to distribute gas among all provinces according to their required […]

Federal Minister wants the Government to get rid of Pakistan Steel Mills

The Federal Minister for Production, Chaudhry Anwar Ali Cheema, gave a blatant statement on Tuesday, citing that the Pakistan Steel Mills (PSM) is nothing more than a burden on the economy of the country and the government better get rid of it rather than keep suffering from this loss-making entity going. The minister believes that […]

Titular price cut for petrol, while diesel prices remain the same

After the fall of oil prices all over the world, the Government of Pakistan has reduced the prices of petrol by merely Rs.1.54 per litre, bringing it down to Rs. 87.41, while the price for diesel remained unchanged at Rs. 94.15 per litre for the month of November. It has been decided by the government […]

Bailout package for Nandipur Power Project finally cleared by Gilani

Prime Minister of Pakistan, Sayed Yousuf Raza Gilani, has finally cleared the bailout package for restoring the Rs. 29 billion Nandipur Thermal Power Project, whose abandoned machinery has been rusting at the Karachi port for the past 18 months. The 425 megawatt project has been badly victimised by the legal bickering of the law ministry […]

Asian Development Bank gives Rs. 261 million for flood-affected people Sindh and Balochistan

The Asian Development Bank (ADB) granted Rs. 261 million to Pakistan to help the rehabilitation processes for the recent flood-affected people in the province of Sindh and Balochistan on Thursday. The donation was granted from the Asia-Pacific Disaster Response Fund, which will assist the National Disaster Management Authority (NDMA) to provide food, drinking water, medicines […]

Tax to be imposed on gas consumers to fetch Rs. 40 billion

Another bomb is about to drop on the problem-stricken nation, as the government prepares to impose a gas infrastructure development tax on consumers to collect an estimated revenue of Rs. 40 billion. The government of Pakistan has been imposing such cesses to seek power to amend the levy on petroleum products from time to time. […]

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