OGRA recommends reduction in petroleum prices.

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) recommended on Monday reduction in prices of all petroleum products from May 1. Informed sources said Ogra had sent a summary for revision in the prices to Finance Minister Ishaq Dar and Petroleum Minister Shahid Khaqan Abbasi who are expected to take a decision in this regard on Wednesday. They said Ogra was expecting significant reduction in oil prices in the first half of the current month. However, some appreciation of dollar against rupee and a rising pricing trend in the international...

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PIA attains outstanding Profit

KARACHI: The Pakistan International Airlines (PIA) has attained operating profit of Rs1.67 billion for the first quarter of 2014 – January 1 to March 31 – as against a loss of Rs5.65 billion of corresponding period last year. The national flag carrier has attained the operating profit for the first quarter after a lapse of four years. This was declared in the board of directors meeting, chaired by Secretary Aviation and Chairman PIA, Muhammad Ali Gardezi, held at the airline’s head office here on Tuesday. Managing Director PIA, Muhammad Junaid...

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Peace talks continue.

LONDON: Prime Minister Nawaz Sharif on Tuesday said that stability of Pakistan would be protected and expressed the hope that the dialogue process with the Pakistani Taliban would yield positive results. Speaking to media representatives after arriving here on a three-day official visit, he said the dialogue process was started with sincerity as it was good for the country's stability. “If peace is established through talks and the lawlessness and carnage are controlled, then it is a good thing,” said the prime minister. The whole world, he...

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ECP draws up five year plan (2014-2018)

ISLAMABAD: The Election Commission of Pakistan (ECP) has drawn up a second five-year plan (2014-2018), with complete autonomy as one of the 13 objectives to achieve. According to the plan, the ECP will continue its efforts to achieve complete autonomy, including financial autonomy, and creation of new positions, streng­thening budgeting and procurement procedures for maximum transparency. The ECP will undertake an assessment of the level of autonomy in line with its constitutional role to organise and conduct free and fair elections and identify...

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India in the Picture

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Tuesday said that statement of Narendra Modi – Bharatiya Janata Party's (BJP) candidate for India's premiership – regarding attacking Pakistan to bring back Dawood Ibrahim was “irresponsible and shameful.” Narendra Modi had said if he wins the elections he would bring fugitive underworld donDawood Ibrahim to India to be tried for the 1993 blasts in Mumbai. He told a Gujarati news channel on Saturday that the previous administrations had not tried hard enough. Dawood stands convicted...

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IESCO revises power over power supply.

ISLAMABAD: In a bid to clear outstanding dues of billions of rupees, the capital’s electricity company disconnected power supply to most major government departments on Tuesday to demonstrate its commitment to cracking down on power thieves and defaulters. The Islamabad Electric Supply Company (Iesco) cut power to the Prime Minister’s Secretariat, President House, Supreme Court and Pakistan Secretariat, including the offices of the Ministry of Water and Power. But the blackout was short lived. Power was restored to the Supreme Court within...

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