Category: Recent Post

KARACHI: For over a month, Prince Cinema — one of Karachi’s oldest picture houses — has been in the process of being razed to the ground. According to the billboard placed outside the gate, it is set to become the new home for a high-rise building called ‘Prince Icon’. Walking through the rubble towards the main cinema screen, it looked like the last five minutes of Steven Spielberg’s 1993 classic Jurassic Park — cranes and bulldozers were placed in a similar position like raptors and T-Rex getting ready for a…

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KARACHI: Sindh government’s culture department has declared 1061 more private and public buildings as national heritage in the provincial capital.The department notification includes Karachi Gymkhana, Ayesha Badani School, Metropole Hotel, PC Hotel, Bombay Hotel (Cantt Station), PIDC House, Capri Cinema, Prince Cinema, Nishat Cinema, Saifee Hotel, Nigar Cinema, Alpha Restaurant, Seventh Day Hospital, Holy Family Hospital, Jagirdar Hotel FTC Hall, Sindh Medical College, Jinnah Hospital, Baloch Officers Mess, and other buildings.Owners of some private building say that they had not been taken into confidence on this decision. The notification says…

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China has launched two satellites today morning using Long March-2D carrier rocket, namely Gaofen-9 05 and Tiantuo-5 which can keep an eye on BRI including the CPEC (China-Pakistan Economic Corridor) initiatives of Beijing. China has successfully launched a new satellite named Gaofen-9 05 using its Long March-2D carrier rocket at 10:27 hours on Sunday (Beijing Time), agencies reported. The launch took place at the Jiuquan Satellite Launch Center in Northwest China, according to the China National Space Administration. The Gaofen-9 05 is an optical remote-sensing satellite with a resolution said to…

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ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Friday approved planned divestment of seven percent government-owned shares in Oil and Gas Development Company Limited (OGDCL) and 10 percent shares in Pakistan Petroleum Limited (PPL) through public offerings. The CCoP meeting presided over by Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh also directed the Privatization Commission to initiate the process of hiring of Financial Adviser (FA) that the divestment process could be completed as early as possible. An official said the process of privatization remained stalled…

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ISLAMABAD: In an interesting development, the National Electric Power Regulatory Authority (Nepra) has returned to the National Transmission & Despatch Company (NTDC) the 27-year Indicative Generation Capacity Expansion Plan (IGCEP 2020-47) to get its approval from the government on the basis of preferred fuel mix and provincial shares. Strangely, the regulator also gave a list of about two dozen renewable plants with a capacity of about 1,600MW having relatively higher tariffs besides a couple of old thermal plants by name for inclusion in the revised plan and yet asked the NTDC to…

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