Latest news with #Rs29
Express Tribune
4 days ago
- Business
- Express Tribune
Railways posts Rs83b revenue
Listen to article Pakistan Railways has announced earning a record-breaking Rs83 billion in revenue during the first eleven months of the current financial year FY25, showing a growth of 7.8% over the corresponding period. According to the Railways spokesperson, this is the highest revenue collected by the organisation in any similar eleven-month period in its history. Federal Railways Minister Muhammad Hanif Abbasi hailed the achievement as historic, stating that "through hard work and dedication, we will put Railways back on its feet." The revenue breakdown shows passenger trains contributed Rs42 billion, while freight services generated Rs29 billion. Other income sources, including property leases and commercial activities, added Rs12 billion. Regional performance varied significantly, with Karachi Division emerging as the top performer — earning Rs13 billion from passengers and a substantial Rs25 billion from freight. Lahore Division reported Rs10 billion from passengers but less than Rs1 billion from freight. Both Rawalpindi and Multan Divisions earned Rs4 billion each from passengers, totalling Rs8 billion combined. This performance represents a notable improvement over the same period last year, when revenue stood at Rs77 billion. The current figures suggest Pakistan Railways might surpass its full-year target of Rs88 billion with one month remaining. This financial milestone comes against a backdrop of persistent challenges. For years, Pakistan Railways has struggled with aging infrastructure, frequent service disruptions, and safety concerns that have eroded public confidence. Many mainline tracks and bridges date back to the British colonial era, causing speed restrictions and delays. The organisation still operates at a significant operational loss when accounting for full infrastructure maintenance costs, despite this revenue increase. While the Rs83 billion revenue demonstrates progress in financial management and operational efficiency, industry analysts said this represents recovery rather than transformation. Sustained investment in infrastructure modernisation, consistent service quality, and resolution of long-standing debt issues are still needed before Pakistan Railways can be considered fully revitalised. "The revenue achievement offers hope, but the organisation's journey to becoming a truly modern, reliable, and profitable national transport service has just begun," they added.
India Gazette
5 days ago
- Business
- India Gazette
PM Modi holds roadshow in Patna
Patna (Bihar) [India], May 29 (ANI): Prime Minister Narendra Modi held a roadshow in Patna on Wednesday evening. People were present in large numbers and greeted him enthusiastically. PM Modi waved to people, many of whom were carrying the Tricolour. They also raised slogans. People, having their homes along the route, came to the rooftops and balconies to have a glimpse of PM Modi. Earlier, PM Modi inaugurated the New Terminal Building of Jayprakash Narayan International Airport in Patna on Thursday evening. PM Modi was accompanied by Bihar Chief Minister Nitish Kumar and Union Minister of Civil Aviation Rammohan Naidu. Built at a cost of around Rs 1,200 crore, the terminal will cater to one crore passengers annually. The Prime Minister will also lay the foundation stone of the new civil enclave at Bihta Airport, a Rs1,410 crore project aimed at serving the rapidly expanding educational and residential areas near Patna. On May 30, the Prime Minister is scheduled to visit Karakat in Bihar, where he will inaugurate, dedicate and lay the foundation stone for development projects worth over Rs 48,520 crore. A major highlight is the foundation stone laying for Stage-II (3x800 MW) of the Nabinagar Super Thermal Power Project in Aurangabad district, valued at over Rs29,930 crore. The project is expected to significantly boost electricity generation, industrial development, and employment in the Modi will also lay the foundation stone for key road infrastructure initiatives, including the four-laning of the Patna-Arrah-Sasaram section of NH-119A, six-laning of the Varanasi-Ranchi-Kolkata highway (NH-319B), the Ramnagar-Kacchi Dargah stretch (NH-119D), and a new Ganga bridge between Buxar and Bharauli. In addition, he will inaugurate the four-laning of the Patna-Gaya-Dobhi section of NH-22 and road upgrades at Gopalganj Town on NH-27. In the rail sector, the Prime Minister will dedicate to the nation the third rail line between Son Nagar and Mohammad Ganj, constructed at a cost of over Rs1,330 crore, aimed at enhancing rail capacity and regional connectivity. (ANI)
Business Recorder
24-05-2025
- Business
- Business Recorder
Weekly SPI down 0.29pc
ISLAMABAD: The SPI for the current week ended May 22, decreased by 0.29 percent. Major decrease has been observed in the prices of chicken (7.26 per cent), onions (5.43 per cent), garlic (2.71 per cent), LPG (2.44 per cent), potatoes (0.95 per cent), mustard oil (0.80 per cent), diesel (0.78 per cent), masoor (0.46 per cent), cooking oil (0.14per cent), rice IRRI-6/9 (0.09per cent), firewood (0.06 per cent), and vegetable ghee 2.5kg and sugar (0.05 per cent) each, says Pakistan Bureau of Statistics (PBS). The year-on-year trend depicts an increase of 1.35per cent, ladies sandal (55.62 per cent), chicken (45.12 per cent), moong (30.79 per cent), powdered milk (24.01 per cent), bananas (22.43 per cent), sugar (22.12 per cent), eggs (21.52 per cent), pulse gram (20.70 per cent), beef (17.56 per cent), vegetable ghee 2.5kg (13.86per cent), LPG (13.05per cent), and vegetable ghee 1kg (12.76per cent). On the other hand, the items prices of which decreasedinclude; onions (54.93 per cent), potatoes (30.46 per cent), garlic (29.43 per cent), electricity charges for Q1 (29.40per cent), tea Lipton (17.93per cent), wheat flour (16.63 per cent), maash (16.03 per cent), tomatoes (14.03 per cent), chilies powder (12.30 per cent), rice IRRI-6/9 (8.50per cent), masoor (7.64 per cent) and petrol (7.43 per cent). During the week, out of 51 items, prices of 13 (25.49per cent) items increased, 14 (27.45per cent) items decreased and 24 (47.06per cent) items remained stable. The SPI for the consumption group up to Rs17,732, Rs17,732-Rs22,888, Rs22,889-Rs29,517, Rs29,518-Rs44,175 and above Rs44,175 decreased by 0.26per cent, 0.27per cent, 0.26per cent, 0.28per cent and 0.30per cent respectively. The items prices of which decreased during the period under review include, chicken farm broiler (live) 1kg7.26 per cent, onions 1kg 5.43 per cent, garlic (lehsun) 1kg 2.71 per cent, LPG 11.67 kg cylinder each 2.44 per cent, potatoes 1kg 0.95 per cent, mustard oil (average quality) 1kg 0.80 per cent, hi-speed diesel per litre 0.78 per cent, masoor (washed) 1kg 0.46 per cent, cooking oil Dalda or other similar brand (sn), 5 litre tin each 0.14 per cent. Copyright Business Recorder, 2025
Hans India
18-05-2025
- Hans India
Top Budget Laptops Under ₹30,000 Perfect for Students and Online Learning
Students and remote learners in India will find numerous the best laptops under 30000 for students that offer the right mix of performance and portability with essential features when they search for options in 2025. These laptops under 30000 for online classes can improve learning efficiency while students participate in online classes or complete assignments and work on virtual teamwork. Why Students Should Choose a Powerful Laptop under Budget in 2025? 1. Smooth Multitasking Students manage several tasks at once by attending online lectures and running research while taking notes and utilizing productivity tools. A robust laptop equipped with adequate RAM and a strong processor enables students to perform multiple tasks without experiencing annoying performance delays. 2. Efficient Online Learning Students now require affordable laptops for students 2024 that support seamless operation of video conferencing platforms such as Zoom, Microsoft Teams, and Google Meet because virtual classrooms are becoming more common. A competent device minimizes interference to keep students from missing important lectures. 3. Handling Educational Software Numerous courses necessitate specialized software for coding work, graphic design projects, simulation exercises, and statistical computations. Basic versions of educational programs require sufficient processing capabilities that budget-friendly powerful laptops can supply. 4. Long-Term Investment Powerful and budget laptops for students in India can maintain their usefulness for extended periods. Students will experience fewer replacements of their laptops which leads to long-term cost savings. Top Budget Laptops Under ₹30,000 for Students Students who need powerful laptops without overspending will find this curated list of best student laptops under ₹30000 meets their needs. 1. Infinix X3 Slim (Rs29,990) Its elegant design combined with important performance makes the Infinix X3 Slim an outstanding device. Users can anticipate fast multitasking performance and quick charge times from its Intel Core i3 12th Gen CPU, 8 GB LPDDR4X RAM, and 128 GB SSD storehouse. Its light aluminum body( 1.24 grams) and longer lifetime battery makes it perfect for scholars who need to move around. 2. Lenovo V15 (Rs29,990) The Lenovo V15 integrates both high-level performances with practical features. The combination of an AMD Ryzen 3 7320U processor with 8 GB of LPDDR5 RAM and 512 GB of SSD storage enables the system to manage everyday tasks without any difficulty. The 15.6- inch Full HD anti-glare display reduces eye strain when used for extended study ages. 3. Acer Aspire Lite (Rs26,990) Purchasers can enjoy both value and performance with the Acer Aspire Lite laptop. The combination of an Intel Core i3 11th Gen processor with 8 GB DDR4 RAM and a 256 GB SSD makes it one of the laptops for study and classes under 30k. 4. MSI Modern 14 (Rs29,990) Created for students who appreciate aesthetics and practicality The MSI Modern 14 boasts an Intel Core i3 11th Gen processor, 8GB of LPDDR4 RAM and an SSD of 512GB. Its 14" Full HD IPS display offers broad viewing angles, and the sleek design (1.4 kg) guarantees mobility. 5. Acer Extensa 2023 (Rs 28,990) Its Acer Extensa 2023 is a suitable choice for students that require steady performance. It has a Intel Core i3 12th Gen N305 processor, 8GB of LPDDR5 RAM and an SSD with 256GB. This 15.6-inch Full HD IPS display guarantees clear images and the addition with Windows 11 and Office 2021 will add value. This display's 1.7 kilogram weight makes it ideal for users who prefer the size of their screen. 6. Lenovo IdeaPad Slim 3 (Rs29,990) Students who need an important yet feather-light laptop that avoids bulk should look at the Lenovo IdeaPad Slim 3 because it stands out as one of the best budget laptops for online learning . The laptop features an Intel Core i3 12th Gen processor together with 8 GB DDR4 RAM that can be boosted to 16 GB and includes a 512 GB SSD storage. The 15.6-inch Full HD TN display offers reasonable brightness. Additionally, the presence in Microsoft Office Home and Student 2021 gives value. With a weight of 1.63 grams, this display was built to be portable. 7. HP 255 G10 (Rs29,200) The HP 255 G10 HP G10 laptop meets the needs of students who need portable devices which deliver excellent speed performance. This model features the AMD Ryzen 3 7320U processors together with 8 GB RAM and includes a 512 GB SSD storage capacity. The laptop features a 15.6- inch HD screen which meets diurnal use requirements while importing only 1.35 kg that makes it accessible to transport. Conclusion To select laptops for college students under ₹30000 requires finding the right mix of portability and performance while considering key features. The listed choices serve students with various needs through lightweight computers that offer easy mobility as well as powerful processors designed for multitasking. When you take into account individual needs as well as preferences of the students, they are able to get a laptop that improves the online experience, without weighing their budget.
Business Recorder
25-04-2025
- Business
- Business Recorder
Fresh criteria for pre-qualification: Govt aims to sell 51-100pc stake in PIA
ISLAMABAD: The federal government is hoping to offload 51 to 100 percent shares in Pakistan International Airlines Company Limited (PIACL) in fresh conditions for pre-qualification of bidding process expected to be concluded by next fiscal year. A fresh Expression of Interest (EoI) for the privatisation of PIA has been published with a submission deadline of June 3, 2025. This is the second EoI issued by the current government with assertion of new clauses. A non-refundable fee of Rs1.4 million is required with each application. The privatisation package includes all major business units—passenger services, ground handling, cargo, flight training, flight kitchen, and engineering. Key assets of the airline are also part of the offer. In a media briefing on Thursday, Adviser to the Prime Minister on Privatisation Muhammad Ali along with Secretary Privatisation Commission Usman Akhtar Bajwa shared the details of off load of PIA shares, DISCOs and Roosevelt Hotel. No provincial governments or state-owned entities (SOEs) are eligible to take part in PIA bidding process; however, responding to a question, Privatisation Commission Secretary Bajwa said that Fauji Foundation could take part in the bidding as it does not come under SOEs ambit. Responding to question regarding Rs29 billion profit earned by PIA, Muhammad Ali said the equity of PIA had been turned from negative to zero equity, however, PIACL is not a listed company; therefore profit of PIA would be shared after the audit of its accounts. New reference price and size of shares to be off loaded will be determined by Cabinet Committee on Privatisation (CCoP) in light of transaction structure of the entity. New criteria for pre-qualifications of PIA privatisation: Applicant could be scheduled airline. For non-airlines business, management and operation of a non-airline enterprise(s) for last 10 years with minimum annual revenues of PKR 200 billion or USD 715 million as evidenced by audited financials of December 2023 or later; and minimum annual revenue of Rs100 billion or USD 360 million for each year during the last three years. Applicant shall have (either applicant or consortium, the consortium members (in aggregate) shall have), Rs28 billion or USD 100,000,000 in cash or liquid assets. Applicant has a net worth of at least Rs30 billion or $110,000,000 and if the applicant is a consortium, that the consortium members have an aggregate net worth of at least Rs30 billion or $110,000,000 and the lead consortium member has a net worth of at least Rs8 billion or $ 29 million. Accounts of applicants to be audited by international renowned firm of chartered accountants or Category 'A' or 'B' list of auditors as per SBP's panel of auditors maintained under Section 35(1) of Banking Companies Ordinance, 1962 (as amended from time to time). The bank credit reference should include details of the credit lines acquired from the bank, a confirmation that the Applicant (and in the case of a Consortium, each Consortium Member) has consistently paid outstanding bank liabilities in a timely manner, and a verification of the latest Credit Information Bureau (ECIB) status, affirming that the Applicant (and in the case of a Consortium, each Consortium Member) has no history of default or relevant information in case of any default, during the last 10 years. Allowed to be replacement of the lead consortium members at least 15 days prior to bidding, subject to compliance to the requirements of the pre-qualification criteria and RSOQ instructions. The government has already announced a range of incentives which include exemption from the 18 percent general sales tax (GST) on the purchase or lease of new aircraft. Additionally, protection and coverage will be provided in certain tax and legal cases. The move also involves the transfer of specific liabilities listed on PIA's balance sheet, aimed at making the offer more attractive to potential buyers. The 19-story Roosevelt Hotel, located in midtown Manhattan, has been closed since 2020 and is owned by the Roosevelt Hotel Corporation, a subsidiary of PIA. Secretary Privatisation Commission said that the CCoP had directed the PC Board to come up with priority option out of three considered by the forum. The joint venture (JV) with multiple options would be taken at the level of board, he added. The proposed transaction structure for the long-pending divestment of the Roosevelt Hotel, shifting its focus from leasing options to either an outright sale or a JV. The privatisation of DISCOs, it has been said that Power Division will complete its preparations for the privatisation of three power distribution companies (DISCOs) — Hesco, Pesco, and Fesco — and financial adviser would be hired by July 2025. Copyright Business Recorder, 2025
