Category: News & Announcement

ISLAMABAD: The Imperial College London’s algorithm creates the picture that Pakistan will reach the peak on August 10, 2020 on which day around 80,000 deaths will occur. The research is sponsored by the UK government which shows the projected deaths from coronavirus in case of lockdown or otherwise in different countries, except the US and the UK. The website says about Pakistan that if it imposes 32 percent lockdown from February 27 to July 11, i.e. for 135 days, then August 04 will be the peak day with 13,570,000 people…

Read More

Lahore, June 14, 2020: The Sindh High Court has ruled in favor of Gas & Oil Pakistan Ltd. (GO) in the company’s case against government agencies over harassment. The decision comes in lieu of the recent fuel crisis and the alleged involvement of OMCs amongst which GO is included. According to details, GO approached the Sindh High Court on June 12th, 2020 in view of the actions of various government agencies which were unjustified and amounted to harassment of its employees. The Sindh High Court ruled in GO’s favor based…

Read More

This message (and any associated files) is intended only for the use of the individual or entity to which it is addressed and may contain information that is confidential, or subject to copyright. You are hereby notified that any unauthorized dissemination, copying or distribution of this message or files associated with this message, is prohibited. If you are not the intended recipient, you have received this message by error. Please notify the sender by replying to the message and delete it from your system immediately. The State Bank of Pakistan…

Read More

June 15, 2020: Besides initiating construction work on the Main Dam of Diamer Basha Dam Project, Pakistan Water and Power Development Authority (WAPDA) is also gearing up for implementation of a Cultural Heritage Management Plan in the Project area with a view to fulfilling its national and international obligations for construction of water and hydropower projects. The Plan aims at preservation of pre-historic rock carvings and inscriptions to be submerged in water reservoir of Diamer Basha Dam, setting up a museum and promotion of cultural tourism in Gilgit-Baltistan, particularly in Chilas…

Read More

Karachi: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that the root cause of the burgeoning circular debt is the sovereign guarantees of Rate of Return (ROR) to IPPs (Independent Power Plants) in tenns of US$ and not Rupees. With a weakening Rupee against US Dollar, the cumulative 13 years’ loss amounted to an astounding Rs. 4,802 billion, which calls for full-fiedged forensic auditing, and take and pay policy, without any possibility for negotiations lice Statement, he said that The inquiry…

Read More