Category: Shortcode

Ambassador of Austria to Pakistan H.E Nicolaus Keller, Ms. Esra Dere- deputy head of mission Turkish Embassy, Mr. Fatih Cevik- Assistant General Manager Limak Turkey, Mr. Ergun Koray ( Limak Turkey) and Mr. Sajid ur Rehman Assistant Manager Business Development ANDRITZ Hydro held a meeting with Federal minister for power Engr. khurram Dastgir Khan here today. Minister welcomed the delegation and stated that Pakistan is always looking forward to foreign companies investing here and reiterated the government’s resolve to facilitate investment. Turkish Construction company Limak has been operating in Pakistan…

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The committee presided by Senator Saifullah Abro demanded details of official visits taken by the CEO of K-Electric and other officials in the last one year. During the proceedings, Senator Fida Muhammad said that Ali Zain Banatwala was illegally appointed as Deputy Managing Director (SO), NTDC. Abro directed the Power Division to terminate Banatwala as Deputy MD of NTDC and recover all the vested money in him.

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The Economic Coordination Committee (ECC) of the Cabinet released on Sunday Rs30 billion funds to help the Pakistan State Oil (PSO) come out of financial constraints and prevent the state-run company from defaulting on international payments. The PSO was heading towards a default situation, as the receivables swelled an all-time high of Rs605 billion. The Petroleum Division had submitted a summary for funds for the PSO to meet the company’s international contractual payments during 1-14 August, 2022. Finance Minister Miftah Ismail presided over the ECC meeting at the Finance Division,…

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Amid strong opposition from small retailers over the collection of taxes through electricity bills, Pakistan Finance Minister Miftah Ismail has decided to exempt the small traders with bills of less than 150 units from the tax as the community staged protests and refused to pay the taxes on energy bills. “We will charge Rs 3,000 even to those shopkeepers who are not registered with the Federal Board of Revenue (FBR). The tax paid will be full and final. No tax notice will be issued to shops nor will FBR officers visit their…

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Pakistan Businesses Forum (PBF) Vice President Ahmad Jawad expressed grave concerns over environmental issues emerging as safety hazard for Pakistan, and called for taking comprehensive measures to overcome the effects of global warming and other problems related to fast-changing weather patterns. Talking to media here on Sunday, he added that glacial lakes outburst floods, heatwave, environmental degradation, water erosion and extreme weather conditions were some of the major issues facing Pakistan. Ahmad Jawad cited that according to a World Bank report, the climate induced disasters were causing 4 to 6…

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