Posts tagged as: receives

Future of wind energy in Sindh receives major boost

Karachi The future of wind energy in Sindh received a major boost on Monday as representatives of the provincial government and the Denmark-based Vestas Wind Systems signed a memorandum of … Karachi News Sources -2

Future of wind energy in Sindh receives major boost

Karachi The future of wind energy in Sindh received a major boost on Monday as representatives of the provincial government and the Denmark-based V The News International – Karachi

Karachi receives light rainfall

KARACHI: A low pressure system has brought some light rain in Karachi which is expected to intensify later on Tuesday. According to the meteorological department the low pressure system will lead to … Karachi News Sources -2

Makran receives torrential rain

QUETTA: Turbat, Gwadar and other parts of Makran division received torrential rains at night between Monday and Tuesday.Reports reaching here said that Nelnat storm water stream has flashflood, due to which, Gwadar was disconnected with other parts of the country.”Road traffic between Karachi and Gwadar was suspended as floodwater is draining out into sea from […]

Bailout: PSM receives Rs500m as second tranche

KARACHI:  The government has released Rs500 million to the Pakistan Steel Mills (PSM) as part of its second tranche of the 3rd installment of the bailout package promised to the organisation. The received amount will be utilised for payment of October 2014 salary to the employees, which will be disbursed this week, said a press […]

Restructuring package: Steel mill receives Rs1.75b

KARACHI:  Pakistan Steel Mills (PS) on Tuesday said that it has received Rs1.75 billion. The payment is part of the restructuring package of Rs18.5 billion that the government had announced for the mill.  It is the first installment of the second tranche of the Rs18.5-billion package. The released sum includes Rs1 billion as the current […]

Housing sector: HBFC receives Rs11 billion equity injection

KARACHI:  House Building Finance Company (HBFC) has received an equity injection of Rs11 billion from the federal government, according to HBFC Managing Director Pervaiz Saeed. Speaking to The Express Tribune on Thursday, Saeed said the equity injection would play an important role in increasing the HBFC’s footprint in the mortgage market. The finance ministry and […]

Relief package: Pakistan Steel receives Rs2.1b

KARACHI:  The Ministry of Finance has released Rs2.125 billion, out of the fourth installment of Rs2.875 billion, to Pakistan Steel Mills (PSM). This is part of the restructuring package of Rs18.5 billion approved by the government, according to a press release issued on Friday. Moreover, salaries for 30 days – half of June and half […]

Pakistan Steel receives Rs2.125bn more from govt

KARACHI: Pakistan Steel Mills has received Rs. 2.125 billion out of Rs 2.875 billion of 4th installment of 1st tranche of its restructuring package of Rs 18.5 billion approved by the Federal Government.A PSM release said that the amount of Rs. 2.125 billion released by Federal Finance Ministry has been utilised for payment of thirty […]

City receives light rain

Karachi The metropolis received light rain on Saturday morning when the highest amount of rainfall, 4mm, was reported at the PAF Base Masroor, The The News International – Karachi

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