Category: Recent Post

The National Accountability Bureau (NAB), on Thursday, submitted its report before the Accountability Court regarding issuance of non-bailable arrest warrants of the two co-accused staying abroad in the liquefied natural gas (LNG) corruption case against the former prime minister, Shahid Khaqan Abbasi, and others. The Accountability Court-I judge, Muhammad Bashir, while hearing the case, adjourned hearing of the case till May 21, following the NAB prosecutor, Usman Masood, submitted report regarding issuance of non-bailable arrest warrants of the two co-accused including the Managing Director M/s QED Consultants UK, Phillip Nutman,…

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Prime Minister Imran Khan on Friday virtually inaugurated the 1,100-megawatt Karachi Nuclear Power Plant Unit-2 (Kanupp-2) on the 70th anniversary of the establishment of diplomatic relations between Pakistan and China. “I am delighted to inaugurate this project that has been made possible with the collaboration between Pakistan and China,” the premier said while addressing a ceremony in Islamabad. “The project will produce 1,100 megawatts of clean energy, which is particularly important for us as Pakistan is one of the 10 countries most affected by climate change.” Our glaciers are melting…

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Karachi Nuclear Power Plant (NPP) Unit-2 (K-2) will be formally inaugurated on Friday at a virtual ceremony to be held simultaneously at Islamabad,K-2 NPP Karachi and Beijing, China. Prime Minister Imran Khan will be the chief guest at the ceremony. K-2 is a generation III, state of the art plant with improved safety systems, especially internal and external accident prevention ability and enhanced emergency response capability. The plant has 60-year life expectancy, extendable to further 20 more years. It is designed with higher plant availability and capacity factors, and extended…

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A lot has been said about the One-Belt One-Road initiative (OBOR), or as the Chinese call it the Belt and Road Initiative (BRI). It attracts unwanted attention, as no superpower in human history has been able to undertake a project so enormous, that it covers most continents and two-thirds of the world, is inclusive of all major areas of modern economy, and is undertaken by a non-white, non-European power — the Peoples’ Republic of China (PRC). With BRI, an ambitious signature foreign policy initiative by President Xi Jinping announced in…

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ISLAMABAD: Minister for Privatization Mohammedmian Soomro on Wednesday expressed serious concerns over the delay in resolving issues related to Pakistan Steel Mills (PSM) privatisation. In a weekly meeting, Soomro said the issues should be taken up with ministry of industries. Revival of PSMC would be a great boost for the economy, he said. It was decided that the decision regarding the divestment of the shares of Oil and Gas Development Company (OGDCL) and Pakistan Petroleum Limited (PPL) will be finalised after the meeting of Cabinet Committee on Privatisation (CCoP). The…

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