$141mn generators imported in Feb

KARACHI: Smelling higher demand, traders imported 88 per cent more power generating machinery worth $141 million in February 2010 as compared to $75 million in January 2010.
Imports in February 2010 were higher by 17 per cent as compared to February 2009.

According to figures released by the Federal Bureau of Statistics (FBS), import of generators in July-February 2009-2010 fell by eight per cent to $1.1 billion as compared to one billion dollars in the same period in the last fiscal year.

Changes in OGDC management planned

ISLAMABAD: The government is working on a plan to change the management of the Oil and Gas Development Company to improve its performance and increase oil and gas production.

Stating this at a news conference on Thursday, Minister for Petroleum and Natural Resources Syed Naveed Qamar said that the problem of gas shortage currently affecting many aspects of public life was because of haphazard expansion of the consumer base and failure of taking up projects required for additional energy supply over the past few years.

Food imports decrease by 34.65pc in November

ISLAMABAD: Food imports during the month of November registered a negative trend as they decreased by 34.65 per cent as compared to the previous month of the current financial year.
 
Data released by the Federal Bureau of Statistics (FBS) showed that during the month of November food commodities including milk, cream and milk food for infants, unmilled wheat, tea and spices costing $252.09 million were imported as compared to $325.7 million of last month.

Govt to import 1mn tonnes of sugar next year

KARACHI: Federal Industries and Production Minister Mian Manzoor Ahmad Wattoo said Monday that the government had developed a long term policy to deal with sugar crisis and one million metric tonnes of sugar would be imported next year.

‘One million metric tonnes of sugar will be imported next year to meet shortage of this essential commodity,’ he said while responding to a question at the 5th consumers’ choice award ceremony organised by the Consumers Association of Pakistan (CAP) at a local hotel.