Tag Archives: Increases

Mobile penetration increases, total mobile subscribers reached at 100 million

Mobile penetration increases, total mobile subscribers reached at 100 million

ISLAMABAD – Mobile penetration in Pakistan had been increasing at a very high pace and mobile sector recorded total revenue of Rs 236.74 billion at the end of FY 2009-10,showing a growth of 11% over the previous year.
According to Information Economy Report, published by the United Nations Conference on Trade and Development (UNCTAD), Pakistan is among the five dynamic economies of developing Asia in terms of increased penetration of mobile phones. While compared with the

Wet spell increases water level in reservoirs

LAHORE – A wet spell in northern parts of the country helped water reservoirs increase water above dead levels on Wednesday as a data release by the Water and Power Development Authority (WAPDA) indicated that water level in the Tarbela Dam rose 0.14 foot above its dead level of 1,378 feet.
Official figures showed that water level in the Mangla Dam was witnessed 48.50 feet above its dead level of 1,040 feet while in the Chashma Dam water level was recorded three feet above the

Fuel price hike increases prices at Sunday Bazaars

LAHORE – The increase in prices of petroleum products helped vegetable and fruit prices to skyrocket at Sunday Bazaars. Prices of nearly all commodities including onions, potatoes, tomatoes, garlic, ginger, peas, lemon, green chillies, apples, guava, bananas and strawberry increased by Rs 4 to 20 per kilogramme.
Vendors said that transporters have increased fares due to which vegetable and fruit prices have also increased. Vendors said that prices of vegetables could increase

Weekly inflation increases by 0.48pc

ISLAMABAD – The Sensitive Price Indicator (SPI), for the week ended 07 April, for the lowest income group up to Rs.3,000, has registered an increase of 0.48 percent over the previous week. Provisional figures from the Federal Bureau of Statistics (FBS) revealed that SPI, for the week under review in the above mentioned group, was recorded at 300.16 points as against 298.73 points in the previous week.
The weekly SPI has been computed with base 2000 2001=100 covering 17 urban

Electricity load shedding increases across the country

ISLAMABAD – Gas supply to five power plants remained suspended for a second day due to a gas pipeline explosion.
The electricity load shedding is now up to six hours in the urban areas and nine hours in the rural areas, private news channel reported.
Due to an explosion at the Sui Northern gas supply line near Guddu Barrage, gas supply was cut to Orient, Saiif, Roush, Sapphire and Fauji power plants. This brought an increase of 1000 megawatts, bringing the collective

US arm-twisting over Raymond Davis increases

ISLAMABAD – After an open threat by the US congressmen to suspend aid to Pakistan, the US has warned it would shut down its consulates except the embassy in Islamabad if the Pakistani government failed to release detained American citizen, Raymond Davis.
Davis was arrested in Lahore on January 27 after he shot dead two Pakistanis claiming they were trying to rob him.
A diplomatic source revealed to Pakistan Today that the US had warned Pakistan that it could reduce its

Railways increases fares by 30pc

KARACHI/LAHORE – Pakistan Railways (PR) on Saturday announced an increase of up to 30 percent in fares to meet its financial crisis. A notification issued on Saturday said the railways, which owes over Rs 991 million to PSO, had announced the increase to at least meet day to day expenditures of the organisation.
The rail fares were raised by 10 to 30 percent to generate funds to meet its operational expenses, they added. Meanwhile, the NA’s Standing Committee on Railways

Government increases rate of return on MTBs

KARACHI – With its rising appetite for budgetary borrowing from the scheduled banks, the government has increased the cut-off yield on three and six months treasury bills by 18 and nine basis points, respectively. The government seems to have shifted its borrowing focus to the scheduled banks, perhaps in a bid to avoid the State Bank loans that, analysts believe, are essentially inflationary.
According to the central bank, government borrowing from scheduled banks is made mainly

NEPRA increases KESC tariff by 58 paisa per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved an increase of 58 paisa per unit in the power tariff of Karachi Electric Supply Company (KESC). The fresh hike in power tariff has been approved for the month of October in the form of fuel adjustment charges, while the raise would be applicable from January. During a public hearing, NEPRA on behalf of KESC had requested for an increase in power tariff as part of annual fuel adjustment.
NEPRA also

SBP increases discount rate to 14 percent

LAHORE: In order to control the rising inflation in the country, the State Bank of Pakistan (SBP) on Monday increased the discount rate from 13.5 percent to 14 percent.
The decision will take effect from Tuesday (today), the SBP decided in a meeting of its Central Board of Directors that was chaired by SBP Governor Shahid Hassan Kardar. The SBP showed reservations over government borrowings from the central bank, and said inflation would remain in double digits in the ongoing

CM increases Gulab Devi Hospital’s grant

LAHORE: Punjab Chief Minister (CM) Shahbaz Sharif on Saturday increased the annual grant of Gulab Devi Hospital from Rs 100 million to Rs 130 million. He was addressing a ceremony in connection with the 75th founding day of Gulab Devi Hospital.
Members of the national and provincial assemblies, Gulab Devi Hospital Managing Committee Chairman Syed Shahid Ali, philanthropists, local and foreign health experts, senior doctors and paramedical staff were at the ceremony.
He said