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Tag Archives: months

EU proposes extending border checks for three months

BRUSSELS: The Euro­pean Union’s executive recommended on Wednesday extending emergency border controls inside what would normally be the bloc’s zone of free travel that collapsed amid an influx of refugees and migrants, and feuds over how to handle them. Under the proposal, Germany, Austria, Sweden, Denmark and Norway not a …

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ECC extends Neelum-Jhelum surcharge for 18 months

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a 10-paisa per unit surcharge on electricity for 18 months and payment of Rs38 billion to Punjab as the first instalment of Rs83bn hydropower profit. The meeting presided over by Finance Minister Ishaq Dar also approved Rs180bn package …

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Power consumers to pay Rs9b more as surcharge extended for 18 months

ISLAMABAD: The federal government on Wednesday extended the electricity surcharge of 10 paisa per unit for one and a half year aimed at forcing consumers to cough up Rs9 billion more as cost of the highly mismanaged Neelum-Jhelum hydroelectric power project jumped to Rs500 billion. The Economic Coordination Committee (ECC) …

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Months of dry spell over as country receives first snowfall of season

PESHAWAR/GILGIT/LAHORE: Light rain showers and scattered snowfall broke an inordinately long stretch of dry weather in Khyber Pakhtunkhwa and its adjacent tribal areas on Tuesday as a severe cold wave gripped Pakistan’s hilly areas. Gilgit-Baltistan’s highlands received their first snowfall of the season, putting to rest residents’ fears of a …

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US stocks: Largest drop in two months as Wall St rally loses steam

NEW YORK: US stocks fell in low volume in a broad decline triggered in part by a sharp drop in home re sales. Contracts to buy previously owned US homes fell in November to their lowest level in nearly a year, a sign that rising interest rates could be weighing …

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