Islamabad, Oct 23: K-Electric Secures Take-or-Pay Power Generation Agreement. In contrast to the previous model, which was somewhat different, K-Electric has been able to secure an IPP-type tariff for its power producing component. With a US$ ROE of 14 percent (against the need of 15 percent), the corporation has secured a “take or pay” structure for its power producing units in the new MYT FY24-30. The new tariff will be unbundled in three distinct portions, namely (1) Generation, (2) Transmission, and (3) Distribution (network/supply) Tariff, per a report by Topline Securities. In the past, the business had a single tariff…
Author: Iqra Khan
Islamabad, Oct 23: Gold Prices Surge in Pakistan, Reaching Record High with Rs. 65,000 Increase Per Tola This Year. As the price of gold in Pakistan approached the Rs. 300,000 per tola milestone on Wednesday, it saw yet another significant surge. The price of gold (24 carats) rose by Rs. 2,000 per tola to Rs. 285,400, while the price of 10 kilos jumped by Rs. 1,714 to Rs. 244,684, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of gold has increased in the local market for the sixth consecutive day, and each time…
Islamabad, Oct 23: Thunderstorms and Heavy Rain Predicted in Northern Pakistan Today. Over the next six hours, there will be thunderstorms and rain with strong winds in some parts of northern Pakistan, according to a weather notice issued by the Pakistan Meteorological Department. Chitral, Dir, Swat, Drosh, Kalam, Buner, Shangla, Mansehra, and Balakot are among the regions that are predicted to have heavy rains. The agency has forecast comparable weather in Kohistan, Abbottabad, Haripur, Peshawar, Mardan, Murree, Galyat, Kashmir, and Gilgit Baltistan in addition to these regions. Although the anticipated rain and thunderstorms could provide much-needed respite from the dry…
Islamabad, Oct 22: Prada-Designed Spacesuit for Axiom Promises to Fit Everyday Humans Comfortably. This month The NASA-affiliated private aerospace firm Axiom Space unveiled its next-generation spacesuit, which was designed by Prada. Although a disguised version of the garment was displayed at an event in Milan last year, the actual thing has now been unveiled. As you might expect, the Axiom Extravehicular Mobility Unit (AxEMU) spacesuit is incredibly fashionable. I know you’re wondering what I am, so why is Prada involved on Earth (or, in space)? The fashion company, according to Axiom, “supported innovative work with in-depth knowledge and experience on…
Islamabad, Oct 22: Pakistan Embassy College Beijing Hosts Annual Students Council Investiture Ceremony. Tuesday was the annual Student Council Investiture Ceremony for the Academic Session 2024–25 at the Pakistan Embassy College Beijing (PECB). Khalil Hashmi, Pakistan’s ambassador to China, was the chief guest at the function. In his keynote speech, Ambassador Khalil Hashmi welcomed the recently elected Student Council members and urged them to uphold the moral principles he highlighted as essential to good leadership, including honesty, accountability, compassion, and community service. He also exhorted the pupils to make the most of this chance and make a committed contribution to…
Islamabad, Oct 22: China-Pakistan Strategic Partnership Signed to Promote CAR-T Therapy Development in Pakistan. Last week, Beijing Yuanxin Huibao Technology Co.Ltd. the Pakistan China Business Association, and Nanjing IASO Biotechnology Co.Ltd. signed a strategic cooperation agreement in Beijing with the goal of advancing the availability of Chimeric Antigen Receptor T-Cell (CAR-T) Therapy (henceforth referred to as CAR-T Therapy) for adult patients with multiple myeloma in Pakistan. The partnership will not only bring cutting-edge CAR-T Therapy to Pakistani patients, but it will also introduce novel payment models to reduce financial burdens and improve drug accessibility, according to Tahir Farooq, President of…
Islamabad, Oct 22: Conference on the Role of Technology in Education Assessment Kicks Off Tomorrow. The 2nd Annual Conference of the Inter Boards Coordination Commission (IBCC) is scheduled for October 23–24, 2024, at Allama Iqbal Open University in Islamabad. The conference’s topic, “Building a Brighter Future: The Role of Technology in Education Assessment,” will center on how technology may revolutionize educational evaluation systems both domestically and abroad. Education professionals, legislators, and tech specialists will gather for the two-day conference to talk about important topics pertaining to the use of digital tools in assessment procedures, according to IBCC. The purpose of…
Islamabad, Oct 22: Mohsin Naqvi Takes Part in International Expo 2024 in Istanbul. Along with representatives from other nations, Federal Minister for Interior Mohsin Naqvi officially opened the much awaited International Expo 2024 on Tuesday, signaling a critical turning point in global cooperation and collaboration. Senior Turkish officials greeted the minister warmly when he arrived at the expo site, highlighting the significance of this gathering in promoting diplomatic relations.Naqvi had a noteworthy meeting with Turkish General Staff Chief General Metin Gurak during the event. The minister wished General Gurak luck in organizing the fair and complimented him on a job…
Islamabad, Oct 22: Mohsin Naqvi Arrives in Turkey on Important Diplomatic Mission. Mohsin Naqvi, the Federal Minister for Interior and Anti-Narcotics, made his formal arrival in Turkiye on Tuesday. The purpose of his visit is to deepen the long-standing connections between Turkiye and Pakistan, two brotherly countries. Along with other high-ranking officials, Mehmet Ali, the Director General of Turkiye’s Ministry of Interior, and Dr. Yusuf Jind, the Pakistani Ambassador to Turkiye, welcomed him warmly when he arrived at Istanbul Airport.The main reason for Minister Naqvi’s travel is because Turkish President Recep Tayyip Erdogan invited him to attend a major international…
Islamabad, Oct 22: LDA Establishes 12 Camps to Monitor Illegal Commercialization Activities. According to an article published on October 21, Tahir Farooq, Director General (DG) of the Lahore Development Authority (LDA), visited the Town Planning and Enforcement Field Camp in Liberty to examine business operations. On this particular occasion, DG Farooq declared that the citizens will receive all commercialization-related information at the LDA’s field camps. Additionally, these field camps will be used to carry out penalties, notices, and other legal proceedings pertaining to unlawful commercial activity. He went on to say that twelve strategic sites, including Liberty Chowk, Abu Al-Safahani…
