Islamabad: A day after his resounding defeat in Pakistan's general election, former premier Raja Pervez Ashraf was on Monday barred from leaving the country over allegations of corruption in setting up power projects. The Federal Investigation Agency directed authorities in airports to prevent Ashraf and several others accused of wrongdoing in the rental power projects scam from leaving Pakistan.
Earlier, the National Accountability Bureau Pakistan's main anti-corruption agency had decided to file a case over the rental power projects after the May 11, 2013 polls. In March 2013, the Supreme Court had issued a contempt of court notice to Ashraf for trying to influence the court by writing a letter to Chief Justice Iftikhar Chaudhry seeking the setting up of a commission to investigate the scam. The rental power projects were mooted by the outgoing Pakistan People s Party-led government as a solution to the country's crippling energy crisis.
...
more
12:16 AM, May 14, 2013
Power was restored in cities across Pakistan on Monday morning after the collapse of national grid Sunday night, plunging most of the country into darkness for several hours. ...
02:49 PM, Feb 25, 2013
New Delhi: In yet another trouble for the government, a new report by the Comptroller and Auditor General (CAG) has exposed the rot in the power sector. According to the CAG, the inefficiency of the National Hydroelectric Power Corporation (NHPC) has meant only two of 16 planned projects have been completed. The CAG report has said that the cost overruns have led to losses Rs 14,700 crore, adding that 10-year...
06:35 PM, Sep 06, 2012
The all-too-familiar political blame game has begun following the CAG reports that said that losses worth lakhs of crores of rupees were caused to the national exchequer by the Centre. ...
08:48 AM, Aug 18, 2012
The CAG report on power projects which is equally damaging, says undue financial benefit given to Reliance Power amounted to over Rs 29,000 crore. ...
11:50 PM, Aug 17, 2012
New Delhi: The Empowered Group of Ministers on ultra mega power projects (UMPPs), headed by Finance Minister Pranab Mukherjee, is likely to meet on Saturday. Various issues related to UMPPs such as competitive bidding norms and fuel supplies are expected to be discussed, sources said. Power Minister Sushilkumar Shinde, Coal Minister Sriprakash Jaiswal, Law Minister Salman Khursheed and Planning Commission Deputy Chairman Montek Singh Ahluwalia are also part of the...
12:51 AM, Apr 28, 2012
Chandigarh: Like other states in the country, Punjab too is on the brink of a blackout. Punjab is suffering from a shortage of about 2500 megawatt of electricity presently. Acute power shortage is making survival of industries difficult. Rajnish Ahuja's carefully built-up auto spare parts company in Ludhiana is suffering, due to an acute power crisis. And he is not alone. The power crunch in the state has affected other...
06:34 AM, Apr 17, 2012
Chicago: Finance Minister Pranab Mukherjee will visit Chicago on Saturday to look for future investment possibilities between India and United States. During his two-day visit, Pranb Mukherjee will look for investments in power, infrastructure, ports, highways etc. With an aim to invest $1 trillion in infrastructure for the next five year plan 2012-2017, Mukherjee will seek suitable partners for building the Indian economy. The finance minister had visited Washington DC...
02:20 AM, Jan 28, 2012
Kathmandu: Nepal's Maoists stormed the office of Indian joint venture firm GMR, severely beat up its staff and set three buildings ablaze in western Nepal's Dailekh district. A group of 60 Maoist cadres on Sunday attacked the offices of GMR Energy in Dailekh, 700 km west of Kathmandu, and overpowered the security guards before setting the office buildings on fire, according to a senior GMR official. The Indian Embassy here...
03:18 PM, May 23, 2011
In 2008, Uttarakhand government invited bidding process for the construction of more than 56 hydro power projects. ...
12:40 PM, Jul 18, 2010
![Pak won't object to Indian projects on Indus]( "Pak won't object to Indian projects on Indus")
India has agreed to site visits by the Pakistani team in Leh and Kargil, and will share flooding information on rivers. ...
08:41 AM, Jun 02, 2010
Industries had sought extension of a 10-year I-tax holiday on power projects. ...
03:56 AM, Jul 07, 2009
Activists are getting support from the prayers of Buddhist monks. ...
02:57 PM, Jul 19, 2007
The proposed power projects would primarily cater to the new industries that are coming up in the state. ...
04:02 PM, Aug 28, 2006
