02-26-2010, 08:36 PM
[url="http://www.dailytimes.com.pk/default.asp?page=2010/02/26/story_26-2-2010_pg5_14"]1. Leather industry on verge of collapse: Export declines 22% in 7MFY10[/url]
KARACHI : The current export figures of leather products for 7-months period are $480 million as compared to $613 million in the same period of last year, Pakistan Tannery Association said Thursday. ââ¬ÅThis shows a decline by 22 percent in the total exports of leather sector industry and this situation needs a bail out package to come out from deep crisisââ¬Â, PTA Chairman Gulzar Firoz said.
[url="http://www.thenews.com.pk/daily_detail.asp?id=226302"]2. 100 locomotives await funds for repairs, NA told[/url]
ISLAMABAD : Minister for Railways Haji Ghulam Ahmed Bilour on Thursday told National Assembly that as many as 100 locomotives are lying inoperative and await release of Rs4.5 billion funds for their repairs and import of spare parts.
Replying to a calling attention notice, the minister told the house that the previous governments neglected the railways and paid more attention to the National Highway Authority and other sectors. He said currently nine trains run form Karachi while another 25 remain awaiting there due to lack of locomotives, adding that if the shortage of locomotives is addressed, the deficit of the railways can be bridged.
He said the locomotives were imported from the United States, Japan and China but all of them have become 40 years old, so they need proper repairs.
ââ¬ÅAll such locomotives need Rs4.5 billion as repair of each locomotive would cost Rs4.5 million. Work on the project would be initiated once the finance department releases funds,ââ¬Â the minister assured the house. He said out of the 35 locomotives that were burnt during the riots after the assassination of Mohtarma Benazir Bhutto, 20 were repaired by the railways own engineers whereas the rest 15 await spare parts to be imported form different countries subject to release of funds
Cheers
KARACHI : The current export figures of leather products for 7-months period are $480 million as compared to $613 million in the same period of last year, Pakistan Tannery Association said Thursday. ââ¬ÅThis shows a decline by 22 percent in the total exports of leather sector industry and this situation needs a bail out package to come out from deep crisisââ¬Â, PTA Chairman Gulzar Firoz said.
[url="http://www.thenews.com.pk/daily_detail.asp?id=226302"]2. 100 locomotives await funds for repairs, NA told[/url]
ISLAMABAD : Minister for Railways Haji Ghulam Ahmed Bilour on Thursday told National Assembly that as many as 100 locomotives are lying inoperative and await release of Rs4.5 billion funds for their repairs and import of spare parts.
Replying to a calling attention notice, the minister told the house that the previous governments neglected the railways and paid more attention to the National Highway Authority and other sectors. He said currently nine trains run form Karachi while another 25 remain awaiting there due to lack of locomotives, adding that if the shortage of locomotives is addressed, the deficit of the railways can be bridged.
He said the locomotives were imported from the United States, Japan and China but all of them have become 40 years old, so they need proper repairs.
ââ¬ÅAll such locomotives need Rs4.5 billion as repair of each locomotive would cost Rs4.5 million. Work on the project would be initiated once the finance department releases funds,ââ¬Â the minister assured the house. He said out of the 35 locomotives that were burnt during the riots after the assassination of Mohtarma Benazir Bhutto, 20 were repaired by the railways own engineers whereas the rest 15 await spare parts to be imported form different countries subject to release of funds
Cheers