UPK aims to project Pakistan´s development efforts to a wide audience all over the globe. The site aims to highlight current and projected development within the country with an emphasis on infrastructure. It's intended to be viewed by all those interested in development projects/investment within Pakistan, be they a Pakistani enthusiast, prospective investor or anybody interested in exploring the modern aspects of Pakistan.
UrbanPK.com has the simple objective of projecting Pakistan's development efforts than would be available from the print media to a wider audience. The site aims to highlight current and projected development within the country with a particular emphasis on infrastructure.
SBP keeps interest rate unchanged
By Farhan Zaheer
May 25, 2010
KARACHI: The State Bank of Pakistan (SBP) has kept its interest rate unchanged at 12.5 per cent on Monday.
“This decision was taken as the power crisis continues to hamper economic activities, inflation rises and fiscal weakness continues to impede a comprehensive macroeconomic stability,” the SBP said in its statement. The economy is recovering but it lacks the necessary infrastructure and sufficient macroeconomic stability to...
First rental power plant inaugurated by Gilani
By M. Akram Malik
Monday, 24 May, 2010
GUJRANWALA: Prime Minister Yousuf Raza Gilani has said his government is working in collaboration with the private sector to overcome the energy crisis.
Addressing at Aimanabad on Sunday the inauguration ceremony of a rental power plant, Gulf Rental Power, the first of eight such plants scheduled to go into operation during the tenure of the PPP-led government, the prime minister said it was a PPP government which had brought...
Dams incurring continuous rise in water level
Monday, 24 May, 2010 By Nasir Jamal By Kalbe Ali KARACHI (March 25 2010): The drilling activities of oil and gas exploration companies have reduced by 22 percent during the first eight months of FY10 mainly due to growing circular debt. Only 67 wells have been drilled, so far, (including carry-over wells) as compared to 86 wells spudded in the same period last year. KARACHI (March 25 2010): Agricultural credit disbursement by commercial and specialised banks rose by 11.02 percent to Rs 144.703 billion in eight months (July-February) of the current 2009-10 fiscal year (FY10). In absolute terms, the disbursement increased by Rs 14.361 billion as compared with Rs 130.342 billion in the same period of last year. WASHINGTON (March 25 2010): US Secretary of State Hillary Clinton on Wednesday announced support for Pakistan's energy and transport sectors as part of a high-level dialogue aimed at showing greater US interest. Clinton, appearing with Foreign Minister Mehmoud Shah Mehmood Qureshi, said that the United States would sign a letter for "significant road infrastructure" in Pakistan's troubled north-west without offering a figure. Thursday, March 25, 2010 Thursday, March 25, 2010
KARACHI: Pakistan’s major reservoirs, Mangalla and Terbella, are experiencing a continuous rise in their water levels, according to a report on Monday.
According to the Met office, water is flowing in the reservoirs on a continuous basis.
In Mangalla dam, the usable water deposits have become 1,707,000 acre/feet. The dam’s water level has surpassed the dead level of 1,040 feet as the level has further risen by two feet.Committee formed to resolve textile industry crisis
Monday, 24 May, 2010
LAHORE: Prime Minister Yousuf Raza Gilani has constituted a three-member committee to find a solution to the crisis in the textile industry caused by imposition of 15 per cent regulatory duty on export of cotton yarn.
The committee comprising Adviser to Prime Minister on Finance Dr Hafeez Sheikh, Defence Minister Ahmed Mukhtar and State Minister for Finance and Economic Affairs Hina Rabbani Khar is said to have been formed after...Downward revision in revenue target sought
Sunday, 23 May, 2010
ISLAMABAD: The Revenue Advisory Council has suggested to the finance ministry to reduce the revenue collection target to Rs1.6 trillion from Rs1.7 trillion for the next fiscal year.
The suggestion was made by RAC chairman Dr Hafeez Pasha at a meeting of the Economic Advisory Council here on Saturday.
The meeting, presided over by adviser to the prime minister on finance Dr Hafeez Shaikh, was informed that the Rs1.7...Oil & gas exploration: growing circular debt ebbs drilling activities
Whereas excluding carryover wells of last year, companies' have drilled 40 wells, so far, in this fiscal year, 11 wells lower than last year. The Oil and Gas...Banks disburse Rs 144.7 billion agriculture credit
Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National...US offers transport, energy help
-- USAID to sign deal for 3 thermal...Microsoft launches Explore Pakistan campaign
By Our Correspondent
KARACHI: In line with Pakistan Day celebrations, Microsoft has launched a national campaign entitled “Explore Pakistan.”
The two-month campaign starting from March 23 revolves around a quiz accessible through their latest browser, and aims to increase knowledge about Pakistan among citizens by asking trivia on the history and entertainment of the country. Successful quiz givers will be eligible to win two free Netbooks...Yamaha to invest in Pakistan
KARACHI: We are a trade Association recognized by the Government to represent the automotive manufacturers on all Pakistan basis. Our members include makers of internationally reputed brand names in Passenger Car/LCVs/HCVs / Two/Three wheelers and Farm Tractors and all their industrial output constitutes 2.8% of the GDP and 15% of the Large Scale Manufacturing.
The said report says that Yamaha is going to invest in motorcycle assembly plant in Pakistan...
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