Day: June 17, 2020

Chairman China-Pakistan Economic Corridor (CPEC) Authority Lt. General (retired) Asim Saleem Bajwa has dismissed the impression that the pace of CPEC related projects have slowed down, saying that the scope has actually enhanced. “Some detractors giving a false impression of CPEC being slowed. Not only pace of work on projects picked up recently, a great deal of groundwork done to launch phase-2,” said Bajwa in a tweet post on Wednesday. “Not only pace of work on projects picked up recently, a great deal of groundwork done to launch phase-2,” he…

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CHINA Pilgrims take selfies last September at Drolma La, the highest point on their 32-mile kora—a circular, meditative walk around Mount Kangrinboqe in Tibet. The mountain is sacred to four religions, and four of South Asia’s rivers rise from near its cardinal points. The source of the Indus River is a four-day walk north of the mountain. Photography for this article was supported in part by the South Asian Journalists Association. From near Mount Kangrinboqe in Tibet rise four major rivers, which stretch east and west across the Himalaya and down…

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KARAK: People on Monday blocked oil supply from Kohat division on the call of a jirga comprising lawmakers to protest denial of basic rights to the resource-rich region. Separate processions comprising hundreds of vehicles led by Jamiat Ulema-i-Islam-Fazl lawmakers from Karak, Mian Nisar Gul Kakakhel and Malik Zafar, and MPA from Kohat, Shah Dad Khan marched to the protest site near Rangeenabad Chowk, on the border between Karak and Kohat districts. The speakers on the occasion resolved that their protest would continue till a 14-point charter of demands was realised.…

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The Punjab government has added the services of ride-hailing apps to its sales tax net through the Finance Bill 2020, tabled by provincial Finance Minister Makhdoom Hashim Jawan Bakht on Monday. Previously, the ride-hailing apps were giving tax under the rent-a-car services category and were paying 16% tax, however, now they will have to pay only 4% tax under the Punjab Sales Tax on Services Act 2012. The total number of services under the tax net in Punjab has now increased to 69. Other than ride-hailing apps, no new tax…

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With a slump in demand on account of Covid-19, Pakistan’s installed capacity of electricity would jump to 41,335 Megawatt (MW), adding more woes on account of power tariff increase due to higher capacity payments and lower plant utilisation factors. According to energy experts, most of the power plants would remain idle due to low demand of electricity in Pakistan following coronavirus-fuelled economic recession. This situation would lead to additional burden of capacity payments in the form of hike in electricity rates. According to Covid-19 Responsive Annual Plan 2020-21, Pakistan’s power…

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