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Saturday, June 15, 2013

DINA for the issue of June 15, 2013


Saturday 15th June 2013 | Sha"ban 5, 1434
The DAWN Internet News Alert (DINA) is a free daily news service from Pakistan’s largest English language newspaper, the Daily DAWN.

Rs503bn debt to be settled in two months: Plan ready to ease power crisis

By Khaleeq Kiani


ISLAMABAD, June 14: The government has worked out a three-pronged strategy to clear the entire circular debt of Rs503 billion within two months and to bring into the system before Ramazan 1,500MW to be generated by independent power producers (IPPs).

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Karachi Stocks Down 216.08 Points:
KARACHI, June 14: At the close of trading, the KSE-100 index was at 22541.64, down 216.08 points.
Forex Update :
KARACHI, June 14: The Pakistani Rupee was traded at 99.7 to the US Dollar in the open market.

Move to set ailing PIA back on track

By Our Staff Reporter

ISLAMABAD, June 14: Prime Minister Nawaz Sharif constituted a four-member committee on Friday to prepare proposals for restructuring the Pakistan International Airlines (PIA).

The committee has been tasked to propose reforms to set on the right course the national flag carrier which has devoured billions of rupees in subsidy over the years but continues to be in dire financial straits.

SC concerned over abrupt increase in oil prices

By Malik Asad

ISLAMABAD, June 14: The Supreme Court expressed concern on Friday over a sudden increase in prices of oil and other petroleum products soon after the budget speech and asked the Federal Board of Revenue (FBR) to explain whether prices could be raised on the basis of a budgetary proposal and without its approval by parliament.

A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry has taken suo motu notice of the price rise resulting from an increase in General Sales Tax (GST) from 16 to 17 per cent in the budget for 2013-2014.

Countrywide ‘heavy’ to ‘very heavy’ rain forecast

By Intikhab Hanif

LAHORE, June 14: Widespread rain, which may be heavy to very heavy at some places, is likely to hit different parts of the country and catchments over the next two days, according to a forecast issued by the Met office on Friday evening.

The forecast attributed the expected showers to the pre-monsoon system that has gripped the entire country and is expected to intensify over the next 36 to 48 hours.

Challenges faced by Dr Malik

By Mahvish Ahmad

AS the newly-elected chief minister, Dr Abdul Malik, ends his first week in office amid cheers about his middle class roots — making him an anomaly in an office that has been the exclusive domain of Sardars or tribal chieftains — he faces pressures from Baloch who feel increasingly alienated from the provincial government in Quetta, and the federal power-holders in Islamabad.

According to BBC Urdu, 12 bodies were dumped in the first week after election day on May 11, and another five bodies were found in Balochistan the day that Dr Abdul Malik took his oath in front of the provincial assembly. Reports tell tales of additional mutilated corpses discarded across the province, including district Kech, where the new chief minister was elected to his PB-48 Balochistan Assembly seat.

Norway leads world in turning waste into energy

By Helen Russell

FOR a country blessed with bountiful oil supplies, it may appear incongruous. But Norway is importing as much rubbish as it can get its hands on, in an effort to generate more energy by burning waste in vast incinerators.

The Eurotrash business may sound like an unpromising enterprise, but it’s one that is increasingly profitable. The UK paid to send 45,000 tonnes of household waste from Bristol and Leeds to Norway between October 2012 and April this year.

Ogra puts gas supply projects on hold

By Our Staff Reporter

ISLAMABAD, June 14: Owing to serious gas shortage, the Oil and Gas Regulatory Authority (Ogra) has placed a ban on Rs12.5 billion worth of new and ongoing schemes for supply of natural gas to villages and towns until the government takes a clear policy decision about the sector.

“The authority, however, keeping in view the shortfall of gas supply in the country, decides to [keep] pending all these gas infrastructure development schemes, subject to policy guidelines received in the matter from the Economic Coordination Committee of the Cabinet,” said an order the regulator conveyed to the ministry of petroleum and natural resources and the two gas utilities — the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL).

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