Day: October 24, 2020

WAPDA Eyes On Rohtas Dam In Jhelum

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Hydel-Power

October 21, 2020: Pakistan Water and Power Development Authority (WAPDA) eyes on Rohtas Dam as it has decided to implement the Project for effective mitigation of floods and store flood water to be used for agriculture. With this in view, WAPDA has been evaluating the possibility to construct thisProject more vigorously. This was revealed during a meeting presided over by WAPDA Chairman Lt Gen Muzammil Hussain (Retd) and attended by the senior officers concerned. Underlining the need for construction of dams, the Chairman said that Rohtas Dam, like other water reservoirs,…

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WhatsApp turns to business messaging to generate revenue

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CALIFORNIA: The world’s most popular messaging service is pushing more aggressively into customer service features, including a pay-to-message option for businesses, and says it’s focusing on enterprise tools, not advertising. WhatsApp paused plans for targeted advertising late last year, surprising those who thought it would follow in line with its parent company. “Our focus has been on the business messaging products,” says Matt Idema, WhatsApp’s chief operating officer. He said WhatsApp still envisions ads inside Status, a feature on the app similar to Facebook’s Stories, at some point. WhatsApp announced an…

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As Iranian petrol smuggling threatens to cause another shortage, PSO turns its head

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On steep, jagged, dirt roads in Balochistan, a fleet of beat down Honda motorcycles make a treacherous trek across the unmanned and largely ignored border between Iran and Pakistan. From afar, to people sitting in Lahore or Karachi, these bikers with large blue drums attached on either side of their bikes might look like milkmen going above and beyond in the line of duty.  In reality, they are smuggling gasoline from Iran into Pakistan. Each biker can transport up to 40 liters, which can earn them up to Rs500 for…

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Engro’s profit jumps 50% to Rs15.5b

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KARACHI: Engro Corporation reported a 50% increase in profit that reached Rs15.5 billion in the quarter ended September 30, 2020. According to a notice sent to the Pakistan Stock Exchange on Friday, the company had registered a profit of Rs10.3 billion in the corresponding quarter of previous year. Earnings per share (EPS) of the company came in at Rs16.12 for Jul-Sept 2020 compared to Rs10.61 in the same quarter of last year. Alongside the result, the company announced a cash dividend of Rs10 per share, taking cumulative dividend for the…

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Reorganisation of 7 SOEs faces hurdles

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ISLAMABAD: The cabinet has allowed the Ministry of Industries and Production to give additional roles to government officers for vacant posts of CEO or managing director of stateowned enterprises (SOEs) until the appointment of new heads. The permission was given in relation to those SOEs that had either been merged, made autonomous or were being privatised. During discussion in a cabinet meeting, the industries and production secretary highlighted the difficulties in the way of implementing recommendations of the Institutional Reforms Cell. It was pointed out that the Institutional Reforms Cell…

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