Day: May 2, 2021

Blasphemy law: EU Parliament’s decision to review GSP+ status irks Pakistan

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Islamabad on Friday expressed its disappointment over a resolution adopted on Pakistan’s blasphemy laws by the European Parliament, which also called for a review of GSP (Generalised Scheme of Preferences) plus status of the country. The resolution, adopted on Thursday, demanded of Pakistan to allow space for religious freedom and urged the EU authorities to review the country’s GSP+ status amid “alarming” number of blasphemy cases. It said that there has been an alarming increase in accusations of blasphemy online and offline in Pakistan over the past year. “Many of these accusations…

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Electric Car-Charging Business Is Doing Everything But Making Money

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President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit. The dilemma boils down to demand, and there’s a certain chicken-and-egg quality to it. Most electric-vehicle drivers charge their cars at home, so many public charging stations get little use. But lots of people still driving gasoline-powered cars won’t consider going electric until they see charging stations widely deployed,…

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60% work of SK Hydropower Project completed: CPEC Authority chief

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Suki Kinari (SK) Hydropower Project in Khyber-Pakhtunkhwa (K-P) achieved the second-stage river closure on Friday, entering a new phase of its dam construction. The successful cut of the Kunhar River’s main riverbed with the river being diverted to spillway is to create free-from-water working areas for construction of concrete dam of the power station under the China-Pakistan Economic Corridor (CPEC), located in the Mansehra district of K-P. In a tweet, CPEC Authority Chairman Lt Gen (retd) Asim Saleem Bajwa has said that 60 per cent work of the Suki Kinari…

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Indian Billionaires Hunker Down in Safety Bubbles as Virus Rages

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Some of India’s richest people are forming bubbles with their families and staff, while others are leaving for homes outside of major cities as a virus resurgence overwhelms the country’s medical system and spurs other nations to shut out Indian travelers. “I’ve been indoors with my family and our staff, that’s my story,” said Kris Gopalakrishnan, one of the billionaire-cofounders of IT giant Infosys Ltd. who now runs a Bangalore-based venture to support startups. The group are shunning outside contact and only eating home-cooked meals, he said. Another Infosys co-founder,…

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Pakistan to seek debt restructuring of CPEC power projects

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Islamabad will seek debt restructuring of $3 billion against the China-Pakistan Economic Corridor (CPEC) energy projects in an effort to eliminate the need for increasing the power tariff by Rs1.50 per unit, Special Assistant to the PM on Power and Petroleum Tabish Gohar told The Express Tribune.“The country is scheduled to make Rs435 billion or nearly $3 billion principal repayments to 12 Chinese independent power producers in three years,” he added. “The government will request China to consider restructuring of the $3 billion repayments for 10 to 12 years, which…

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