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Our Reporter

Sadia Saeed


KESC owes Rs13.65b to SSGC, pays Rs1.34b

By: Sadia Saeed | September 08, 2009

KARACHI - Karachi Electric Supply Company (KESC) has paid Rs1.34 billion to Sui Southern Gas Company (SSGC), out of the total amount of Rs4 billion of the monthly bill charged for the month of ...

KESC liabilities mount to Rs70b

By: Sadia Saeed | September 06, 2009

KARACHI - The Karachi Electric Supply Company continued to make the lives of its consumers miserable even in the holy month of Ramzan. The citizens in the metropolis are facing prolonged power ...

PSO gets Rs14 billion from govt

By: Sadia Saeed | September 04, 2009

KARACHI - Pakistan State Oil (PSO) has received around Rs 14 billion from the government out of outstanding circular debt of power sector. Now, the circular debt has been trimmed to Rs 88.964 ...

KESC set to take on power pilferers

By: Sadia Saeed | August 30, 2009

KARACHI - The Karachi Electric Supply Company (KESC) will now take aggressive steps against the electricity theft, including the commercial, industrial, residential and welfare organisations involved ...

PSO may default on LCs payment

By: Sadia Saeed | August 28, 2009

KARACHI - Pakistan State Oil (PSO) may face default on its payment obligation for LCs for oil purchase from international market, if the issue of circular debt of the company is not resolved in few ...

Air Blue, Shaheen not operating on remote routes

By: Sadia Saeed | August 25, 2009

KARACHI - Despite their commitment with the Civil Aviation Authority (CAA), two private airlines, Air Blue and Shaheen Airline, are not operating on the remote routes in Pakistan, despite getting ...

Go-ahead for Pak-Iran gasline project

By: Sadia Saeed | August 23, 2009

KARACHI - The Economic Coordination Committee (ECC) has given approval for Iran-Pakistan Gas Pipeline project, costing $ 1.2 billion. It has been decided that the route of pipeline will be all the ...

PSO circular debt mounting, facing Rs2b losses daily

By: Sadia Saeed | August 22, 2009

KARACHI - The circular debt of PSO is mounting and the company is facing Rs 2 billion losses per day, as the power sector, the major buyer of furnace oil, is defaulted in payback to PSO. At present, ...

Two pilots face inquiry for refusing to fly on short-rest

By: Sadia Saeed | August 21, 2009

KARACHI - A senior Pilot of Boeing 777 and his first officer are being penalised by PIA management for refusing to fly on short rest, the pilots have been given notice for doing so under the most ...

PSM increases prices of steel products

By: Sadia Saeed | August 16, 2009

KARACHI - The Pakistan Steel Mill (PSM) has amplified the existing prices of all its major steel products in the backdrop of high steel prices in the international and local market. Rs 1,000 to Rs ...

PSO facing hurdles in furnace oil supply to power sector

By: Sadia Saeed | August 15, 2009

KARACHI - Pakistan State Oil (PSO) is dealing with number of constrains while supplying furnace oil to power sector in the country, according to PSO report. It is worth mentioning that PSO is the ...

PSO reports Rs6.70b loss

By: Sadia Saeed | August 13, 2009

KARACHI - Pakistan State Oil Company (PSO) has reported Rs6.7 billion after tax loss in FY09 against profit after tax of Rs14 billion during FY 08, mainly due to higher financial servicing cost and ...

PSO to post Rs2.4b profit; Hubco to register Rs4b earnings

By: Sadia Saeed | August 12, 2009

KARACHI - The Pakistan State Oil (PSO) is expected to post profit of Rs 2.4 billion during 4QFY09 as compared to earnings of Rs 5.6 billion in the similar period last year. Moreover, HUBCO is ...

Ineptitude taking its toll on Pakistan Steel Mills

By: Sadia Saeed | August 06, 2009

KARACHI - The inefficiency and inept handling of the situation has been playing havoc with the great national asset - Pakistan Steel Mills (PSM) - as one of its two Coke Oven Batteries (COB) has not ...

POL prices to go up on rupee devaluation

By: Sadia Saeed | July 31, 2009

KARACHI - The prices of petroleum products are expected to be raised in August in the backdrop of fresh spree of depreciation of rupee value against the US dollars, sources told The Nation. It is ...

Working agreement likely to be signed tomorrow

By: Sadia Saeed | July 30, 2009

KARACHI - The Pakistan Airline (PIA) and Pakistan Airline Pilot Association (PALPA) is likely to sign a Working Agreement (WA) by July 31, as negotiations on WA are going successfully, said a ...

PSM increases prices up to Rs5,000 per ton

By: Sadia Saeed | July 30, 2009

KARACHI - The Pakistan Steel Mill (PSM) has increased the prices of all its major steel products from Rs 1,500 per ton to Rs 5,000 per ton. The price of Ammonium Sulphate has been declined by Rs ...

'RSO-2000' looms on PIA staff

By: Sadia Saeed | July 28, 2009

KARACHI - The management of Pakistan International Airlines (PIA) has used for the first time the Removal from Service Ordinance (RSO-2000) (Special Powers) against a pilot of 30 years of experience ...

Pakistan Steel Mills raw material to arrive tomorrow

By: Sadia Saeed | July 26, 2009

KARACHI - The Pakistan Steel Mills (PSM) will get its first vessel of iron ore (raw material) on July 27 (tomorrow) which has been arriving from Iran and India, while the influential steel dealers ...

PSO plans importing 1,085,000 MTs fuel oil in Aug

By: Sadia Saeed | July 26, 2009

KARACHI -The Pakistan State Oil plans to import 1,085,000 MTs of fuel oil during August 2009, said PSO Managing Director Irfan Qureshi on Saturday. While giving out the presentation on current ...

1,917MWs supplied against 1,965 demand

By: Sadia Saeed | July 23, 2009

KARACHI - The Karachi Electric Supply Company (KESC) touched 1917 megawatts of electricity supply at 2p.m Wednesday against the total demand of 1965 MW, while the remaining 48 MW could not be ...

PIA-Palpa confrontation likely to resurface

By: Sadia Saeed | July 22, 2009

KARACHI - The confrontation between the Pakistan Air Line (PIA) and Pakistan Airline Pilot Association (PALPA) is likely to raise its head, as the negotiation on Working Agreement (WA) seems going ...

KESC fails to restore power supply

By: Sadia Saeed | July 22, 2009

KARACHI - The Karachi Electric Supply Company (KESC) was miserably failed to restore power supply in the metropolis on the fourth consecutive day on Tuesday. It is pertinent to mention here that ...

One killed in power riots

By: Sadia Saeed | July 21, 2009

KARACHI - The City of lights is in complete darkness for the last three days as the record-breaking power breakdown that started on Saturday night is still persisting on Monday evening. No wonder the ...

Rain triggers outages in City

By: Sadia Saeed | July 19, 2009

KARACHI - The heavy rain in the city by the sea washed away all the claims made by the Karachi Electric Supply Company (KESC), as most of the areas in the city faced power outage with first drop of ...

PSM closes two blast furnaces

By: Sadia Saeed | July 18, 2009

KARACHI - The shortage of raw material Friday forced Pakistan Steel Mills (PSM) to close two of its blast furnaces, The Nation learnt reliably. According to the source, the blast furnace one has been ...

KESC to owe Rs14b to SSGC by 20th

By: Sadia Saeed | July 16, 2009

KARACHI - The Karachi Electric Supply Company (Kesc) has owed Rs10 733 billion to Sui Southern Gas Company (SSGC), in outstanding arrears, till July 15, while Rs3.4 billion will be added to the ...

City continues to face power outages

By: Sadia Saeed | July 08, 2009

KARACHI - The Karachi Electric Supply Company (KESC) on Tuesday resumed multiple spells of power outages in the city on the pretext of gas shortage for its electricity generating plants. Almost all ...

PSM hikes products prices

By: Sadia Saeed | July 02, 2009

KARACHI- Pakistan Steel Mills (PSM) has increased the prices of all its major steel products from Rs500 per ton to Rs1500 per ton. The prices of billets, the major steel product has been increased by ...

Countrywide condemnation of POL price-hike

By: Sadia Saeed | July 02, 2009

KARACHI- People across the country have strongly protested against the latest increase in the prices of petroleum, sources revealed to The Nation on Wednesday. It may be recalled here that the ...

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