Page 31 - Dispatch Company News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The NTDC had terminated the contract with the Iranian firm due to persistent delays on the part of the Iranian contractor. The project was eventually completed by another contractor. — Dawn/File LAHORE: The National Transmission and Dispatch Company (NTDC) has failed to recover Rs714 million from an Iranian firm despite the award announced by the Paris-based International Chamber of Commerce (ICC) in April last year, Dawn learnt on Saturday. “A severe lack of on-time decision making, politics, appointment of a permanent MD, resignation of competent officers and other administrative iss...

Daily Times Wall Street Journal, titled, The budget for the fiscal year 2020-21 was made amidst very difficult times when the country was suffering immensely—in terms of human casualties and economic hardships. It was claimed by the coalition government of Pakistan Tehreek-i-Insaf (PTI) that it would remain in the programme of the International Monetary Fund (IMF). However, it will negotiate not to impose new taxes, raise the prices of electricity, POL products, and eatable consumed by the poor people. Within 20 days of the passage of the budget for the fiscal year 2021-22, it did all requ...

• ECC allows transfer of marine assets to PNSC subsidiary • Orders import of 200,000 tonnes of sugar • Approves procurement of 200,000 cotton bales by TCP ISLAMABAD: The government on Friday ordered import of 200,000 tonnes of sugar to build strategic reserves and increased the prices of wheat flour, ghee and sugar by up to 53pc for sale through the Utility Stores Corporation (USC). The decisions were taken at a meeting of the federal cabinet’s Economic Coordi­nation Committee (ECC), which was presided over by Finance Minister Shaukat Tarin and was attended by only two other me...

Subsidies on key USC items withdrawn ECC decision to impact prices of flour, sugar and cooking oil ISLAMABAD: The federal government has decided to increase prices of wheat flour, sugar and cooking oil in the range of 19% to 53% at the Utility Stores Corporation (USC) by reducing subsidies for the poor, taking a second major administrative decision in as many days that will further fuel inflation. The Economic Coordination Committee (ECC) of the cabinet on Friday increased the sugar prices to an amount even more than what the Ministry of Industry had recommended in its summary. Despite the cl...

ECC approves hike in prices of essential items By Saturday Jul 17, 2021 Minister for Finance and Revenue Shaukat Tarin chairs the meeting of the Economic Coordination Committee (ECC) of the cabinet. -APP ECC approves increase in prices of sugar, wheat flour and ghee at the Utility Stores Corporation (USC) of Pakistan. Okays settlement of Rs116 billion in power sector loans. PTI's Kamyab Jawan Programme has also been approved. ISLAMABAD: The prices of essential commodities are set to increase, placing more burden on the common man already under pressure, as the Economic Coordination Committ...