Month: August 2023

Major legal victory for Imran Khan in Toshakhana case

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imran-khan123

IHC suspends sentence awarded to PTI chairman in state gifts case and orders his release on bail In a major legal victory, the Islamabad High Court (IHC) suspended the sentence awarded to former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan in the Toshakhana case. The IHC ordered the release of the Pakistan Tehreek-e-Insaf (PTI) chairman, who is incarcerated at Attock jail, while announcing a short verdict that it reserved a day earlier. The court said it would elaborate on the reasons for the suspension of the sentence in the…

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Cut in Aug, Sept power bills proposed

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power-bills

ISLAMABAD/ PESHAWAR: Top officials of power and financial divisions have tailored some suggestions for immediate relief to masses in the electricity bills, which are to be placed before the federal cabinet meeting on Tuesday (today) with Caretaker Prime Minister Anwaarul Haq Kakar in the chair. All officials are tight-lipped but some insiders told The News that one of the suggestions was that the government might reduce some portion of the electricity bills of August and September to provide some immediate relief, but the impact of the reduced portion would be…

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Wapda security staff stops wearing army-like uniform after GHQ letter

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WAPDA-MoUs

ISLAMABAD: The security staff of Water and Power Development Authority (Wapda) has stopped wearing the army-like uniform after General Headquarters conveyed its concern whereas Federal Investigation Authority (FIA) has started an investigation into the unauthorised purchase of the uniform in bulk without obtaining requisite permission. The Wapda last made headlines in February this year when portraits of Quaid-i-Azam Muhammad Ali Jinnah and Lt Gen (R) Sajjad Ghani, the chairman of Wapda, were displayed together at different offices and project sites of the authority. The notification in this respect was, however,…

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Oil sector faces liquidity crunch, fuel supply at risk

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Oil price

KARACHI: The oil sector is facing a severe liquidity crunch as the rupee’s sharp depreciation has shrunk its credit lines and made it harder to import crude oil and petroleum products, industry sources said on Monday. The sector also fears a possible shortage of fuel in the country if banks do not increase their lending limits for oil imports, which are vital to meet domestic demand. Oil sector companies are approaching the central bank to take action in this regard. Representatives from different companies are meeting with central bank and…

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Senate panel slams independent power producers

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Senate-panel

ISLAMABAD: The Senate Standing Committee on Power on Monday joined public criticism of the “unprecedented electric bills” and directed the Power Division to provide lists of electricity defaulters and outstanding dues to all the distribution companies (Discos). The meeting of the panel presided over by Senator Saifullah Abro discussed the unprecedented electric bills that have led to nationwide protests. On queries, the Power Division officials reported that capacity payment to independent power producers (IPPs) in the current financial year stood at Rs1.3 trillion and dollar-to-rupee conversion rate, imported prices of…

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