PC fails to dispose of SIH Lahore, HEC in Q3

ISLAMABAD: The Privatisation Commission (PC) has failed to dispose off Services International Hotel (SIH), Lahore and Heavy Electrical Complex (HEC) in the third quarter of financial year 2020-21 as per schedule though they are at very advanced stages, sources said. “We are all set to complete the privatisation of these public sector entities in current financial year. However, the process…

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Excess payments to LNG suppliers: Ex-MD PLL, CFO found guilty

ISLAMABAD: The multi-million dollars scam on excess payments to LNG suppliers has been put on way to its logical end as former managing director of Pakistan LNG Limited (PLL) Adnan Gilani and its Chief Financial Officer (CFO) Nadeem Nazir, currently made OSDs (official on special duty), have been declared guilty and held responsible for excess payments amounting to US$27.526 million…

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Coal mining woes

The beginning of 2021 has increasingly seen accidents and deaths in coalmines and collieries in Pakistan. Only last month, two coalmines collapsed in Balochistan, home to large deposits of coal, causing many coalminers’ deaths. In the tragic accident on March 15, seven coalminers burnt to death in a huge fire triggered by methane gas blast inside a coalmine in Harnai…

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KE issues: PM unhappy with MoE for delay in finalising modalities

ISLAMABAD: Prime Minister Imran Khan is reportedly unhappy with Ministry of Energy (Power Division and Petroleum Division) for prolonged delay in finalisation of modalities required to resolve KE issues, well informed sources told Business Recorder. On January 21, 2021, Prime Minister had given ten days to SAPM on Power, SAPM on Petroleum, Secretary Power and Secretary Petroleum to finalise modalities…

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Multi-million dollar scam: Ex-MD PLL Adnan Gilani, CFO Nadeem Nazir found guilty

ISLAMABAD: The multi-million dollars scam on excess payments to LNG suppliers has been put on way to its logical end as former managing director of Pakistan LNG Limited (PLL) Adnan Gilani and its Chief Financial Officer (CFO) Nadeem Nazir, currently made OSDs (official on special duty), have been declared guilty and held responsible for excess payments amounting to US$27.526 million…

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Integrated mechanism needed to harness water resources

ISLAMABAD: A more integrated mechanism is needed to harness water resources across the country to achieve water, food and energy security, said Water and Power Development Authority (Wapda) Chairman Muzammil Hussain. Briefing a delegation of the National Security Workshop, National Defence University (NDU) on Friday, the chairman said that Wapda had been constructing eight mega projects including Diamer-Bhasha Dam, Mohmand…

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KPT asked to widen backup area at port

Businessmen from the shipping industry have called on the Karachi Port Trust (KPT) to widen the backup area at Karachi Port for quick offloading and loading of cargo. In a statement on Thursday, Pakistan Stevedores Conference President Tariq Haleem said that free movement of transport was essential for quick discharging and loading of cargo and for the purpose, the backup…

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Ministry moves summary on payments to IPPs

The Power Division has again moved a summary to the Economic Coordination Committee (ECC) regarding release of payments to Independent Power Plants (IPPs). It moved a summary in the wake of a letter received by the National Accountability Bureau (NAB). The government had already signed agreements with IPPs to pay Rs403 billion in instalments. The anti-corruption watchdog is currently investigating…

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Experts call for Karachi-specific law for tree protection, plantation

KARACHI: No plantation campaign can increase green cover of the city unless the government enacts a Karachi-specific law for tree protection and plantation and imposes a strict ban on cutting of tree/s, unless it is authorised by an expert committee representing all stakeholders, including the academia. This body should also serve as a legal authority on granting permission for tree…

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