Islamabad, Sep 24: These five IPPs are grouped together because they are essentially displacing zero electricity. The technical staff suggests canceling these IPPs without receiving any payment. The authorities began with a severe option: waive the contractual payment upon early termination and disregard the receivables. Furthermore, they should be concerned about any liabilities they may have, not the government. You are correct on one point. These IPPs should be terminated because they are rarely used and are close to the end of their contracts. But the termination shouldn’t be unilateral, meaning that the IPPs shouldn’t be compelled to end without…
Author: Iqra Khan
Islamabad, Sep 24: One of the biggest E&P companies in Pakistan, Mari Petroleum Company Limited (MPCL), has approved a Rs10 billion equity investment in the proposed wholly-owned IT subsidiary. The decision was decided by the board on September 23, 2024, the business announced in a public filing on Tuesday. Earlier, on August 8, MPCL announced in a stock notice that it intended to establish a subsidiary that would concentrate on cloud computing and artificial intelligence (AI) in order to enter the Information Technology (IT) industry. It stated, “The company’s Board of Directors has approved the formation of a subsidiary with…
Islamabad, Sep 24: Pakistan has urged for the upholding of the promises made in the revolutionary U.N. Pact for the Future, which aims to alter the multilateral system and express the international community’s united willingness to respond to global issues. On the second and last day of the Summit of the Future, Defense Minister Khawaja Muhammad Asif stated, “The Pact will be transformative only if we translate the commitments undertaken into concrete action. No sustainable development can take place till tragedies like Gaza are perpetuated by the developed world,” he declared strongly at the beginning of his speech. The comprehensive…
Islamabad, Sep 24: Defence Housing Authority Multan (DHAM) has formally partnered with 7 Sky Private Limited to create the Ritz Arcade, a shopping complex. By delivering a top-notch shopping experience to the people of DHA Multan and the neighboring towns, this partnership hopes to foster economic expansion and convenience in the area. The Ritz Arcade is intended to serve the various requirements of the neighborhood as a center for dining, entertainment, and shopping. Please check the official DHA Multan outlets for additional information on this great development.
Islamabad, Sep 24: The Capital Development Authority (CDA) has been tasked with creating a top-notch international club in Islamabad to bring in money and offer first-rate facilities to Pakistanis living abroad. As per the facts, the CDA has been directed by Prime Minister Shehbaz Sharif to guarantee that the project complies with global standards, hence augmenting the economic progress and visual allure of the metropolis. At an estimated cost of PKR 27 billion, the proposed club will provide abroad Pakistanis with privileged memberships. 10,000 people are expected to join in the project’s first phase, with a USD 20,000 membership fee…
Islamabad, Sep 24: The Supreme Court Bar Association (SCBA), the Defence Housing Authority (DHA), and the Federal Government Employees Housing Authority (FGEHA) have joined forces to launch the massive housing project “Margalla Orchards” on Park Road in Islamabad. It was formally announced that development on the enormous 8,380-kanal plot of land, which would include 4,781 residential plots, had started. Out of these, 2,088 plots are set aside for FGEHA, or federal government employees, and the remaining plots will be used by SCBA members. The primary aim of the project is to address the increasing need for reasonably priced accommodation in…
Islamabad, Sep 24: Pakistan Software Houses Association (P@SHA), the premier representative body of Pakistan’s thriving IT industry, proudly hosted the prestigious HBL-P@SHA ICT Awards 2024 at a local hotel in Islamabad on Monday. This esteemed event promoting Made in Pakistan, recognized and honored companies that have demonstrated exceptional service and innovation in Pakistan’s IT sector. Minister of State for Information Technology & Telecommunication, Ms. Shaza Fatima Khwaja, graced the event as Chief Guest. Other notable attendees included SIFC and government officials, diplomats, top IT industry representatives, startups, and prominent personalities. The prestigious HBL-P@SHA ICT Awards 2024 recognized and honored the…
Islamabad, Sep 24: Valve’s PC game retailer Steam achieved an unprecedented number of concurrent PC players when it reached 38,366,479 online at once.This achievement beats the previous record, which was established just last month, by more than a million people. The release of the much awaited Black Myth: Wukong is partly responsible for the spike in popularity. New releases and longtime favorites propelled the most recent surge in user engagement. Well-known games like Counter-Strike 2, Dota 2, and PlayerUnknown’s Battlegrounds were among the top 10 most played titles on Steam. It’s interesting to note that the phenomenon referred to as…
Islamabad, Sep 24: The inaugural meeting of the Steering Committee on Electric Vehicles was presided over by Minister of Industries and Production Rana Tanveer Hussain on Tuesday. The group resolved to complete the National Electric Vehicle policy in less than a month. The goal of the strategy is to guarantee a sustainable transportation system in the nation by encouraging domestic manufacture and the early adoption of EVs, especially new energy vehicles (NEVs). Senior officials from pertinent ministries and departments were present at the meeting, along with Minister for Energy Sardar Awais Ahmad Khan Leghari and Secretary of Industries and Production…
Islamabad, Sep 24: During his visit to Lahore on Monday, US Ambassador Donald Blome and Consul General Kristin Hawkins emphasized the US government’s commitment to the US-Pakistan ‘Green Alliance’ framework, which aims to address concerns related to energy, food security, and climate change. “Tackling global challenges, like climate change, demands creativity, strong partnerships, and diverse perspectives,” stressed Ambassador Blome during her tour to Zyp Technologies. Zyp Technologies has received financial backing from the US to actively reduce carbon emissions and combat air pollution by providing environmentally friendly transportation options. Pakistan’s transportation industry is undergoing a transformation thanks to the company’s…
