Tag Archives: Crisis

PM takes notice of sugar crisis

PM takes notice of sugar crisis

ISLAMABAD: Prime Minister Yousaf Raza Gilani on Tuesday castigated the ministries of Industries and Commerce for failing to timely implement the October 26 decision of the ministerial committee on sugar.
The industries and commerce secretaries were called by the prime minister to be asked why had sugar prices been increasing and what was delaying the implementation of the decision of ministerial committee on sugar that had directed the TCP to off load 50,000 tonnes of sugar.

POL well placed in circular debt crisis

KARACHI: The Pakistan Oilfields Limited’s (POL) positive balance sheet and a comfortable receivable turnover in 45 days compared to over 170 days for both the Oil and Gas Development Company (OGDC) and the Pakistan Petroleum Limited (PPL) shows that the company is least affected from the circular debt.
Being a privately-owned entity and integrated vertically into the value chain part of Attock Group, a significant chunk of POL’s oil output (estimated as more than 90 percent) is

Is govt serious about ending power crisis and circular debt?

KARACHI: With the power crisis worsening with each passing day, it seems the consumers’ misery has failed to convince the government to take serious measures for redressing the root causes of the problem, the circular debt issue being the foremost one.
Further, the politically-embattled federal government also seems slapdash towards its commitments with international power companies, like M/s MAN of Germany, in terms of the timely materialisation of the Construction Contract.

Berlusconi pledges to end Naples waste crisis

Italian Prime Minister Silvio Berlusconi pledged a swift end to the Naples garbage crisis on Friday as TV pictures of piles of rubbish and angry protests put his struggling government under pressure.
At least 20 police officers were injured on Thursday and there was further violence overnight as the chronic problem of waste disposal in Italy’s third largest city flared into violence for another night.
Hundreds of tonnes of garbage lie uncollected in the

Decline in foreign investment amid crisis

KARACHI: Pakistan suffered a decline in the inflow of foreign direct investment in the first quarter of 2010-11, as 24 major manufacturing sectors received considerably less foreign investment in comparison to the quantum of investment received in the corresponding period of last fiscal year.
Among the sufferers were sectors including food, food packaging, beverages, tobacco, paper, leather, leather products, chemicals, petroleum refining, pharmaceuticals, ceramics, metal