Islamabad, Dec 10: In a meeting chaired by Prime Minister Shehbaz Sharif, the Federal Cabinet authorized settlement agreements with eight bagasse-based independent power producers (IPPs) on Tuesday. The Power Division’s and the Ministry of Energy’s recommendation was approved by the meeting. DW Unit I, Unit II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Moez Industries, Thal Industries, and Chinar Industries were among these power plants. The Central electricity Purchasing Agency would get in touch with NEPRA to discuss lowering the electricity tariffs generated by these power facilities following the acceptance of these agreements. According to a news statement from the PM…
Author: Iqra Khan
Islamabad, Dec 10: A disturbing occurrence in Islamabad has exposed the Traffic Police Department’s extreme corruption. After bribing traffic police officers, a blind person was able to obtain a driver’s license, which raised serious worries about road safety in the city. Investigative journalist Iqrar ul Hasan and the ARY News Sar-e-Aam team discovered this problem during a sting operation. Following a tip, the team discovered that driving licenses were being granted without the required medical examinations or testing. A traffic police officer and a middleman were apprehended during the operation taking a Rs. 30,000 bribe to get a license. The…
Islamabad, Dec 10: In their last group match in the World Team Squash Championship, Pakistan’s squash team put on an outstanding display, defeating Italy 3-0. By demonstrating their supremacy on the court, Noor Zaman, Nasir Iqbal, and Asim Khan secured Pakistan’s top spot in Group H and advanced to the tournament’s knockout stage. All three players won their matches in straight sets, leaving no space for uncertainty in the sixth-seeded Pakistani team’s match against Italy. With scores of 11-8, 11-4, and 11-7, Asim Khan defeated Umar Zaki Masood of Italy comfortably to start the match. The tone for the remainder…
Islamabad, Dec 10: The Federal Investigation Agency’s (FIA) Cyber Crime Wing has been given further authority, according to a statement released by the Ministry of Information Technology. The announcement states that the National Cyber Crimes and Investigation Agency’s authority has been transferred to the FIA Cyber Crime Wing and that the laws governing it have been repealed. The National Cyber Crimes and Investigation Agency’s legislation were abolished because of the agency’s insufficient structure, according to sources who spoke to ProPakistani. The agency’s laws will be restored after the structure is finished. The power to combat social media offenses has been…
Islamabad, Dec 10: One of Asia’s top hospitality service providers, the Pearl-Continental Hospitality Division of the Hashoo Group, has teamed with Global Palace to open PC Legacy Hyderabad, the city’s first branded four-star hotel. Senior representatives from Hashoo Group and Global Palace attended a signing ceremony at the Pearl-Continental Hotel in Karachi to formally sign the deal. They discussed their plans for the new hotel and underlined their dedication to establishing new benchmarks in the expanding hospitality industry in the area and promoting economic development. With its prime location on the Hyderabad Bypass, only five minutes from the city’s main…
Islamabad, Dec 10: Securities and Exchange Commission’s (SECP) Appellate Bench, an apex quasi-judicial Appellate forum, has managed 314 cases till date during the year 2024. Out of these, 122 appeals/review were disposed of and the remaining cases were adjourned due to the Appellants’ absence. The cases decided by the Appellate Bench during the period were related to regulatory and statutory violations. Major violations pertained to areas such as the issue of capital, anti-money laundering, insurance, annual general meeting, Illegal Deposit Taking, Disqualification of Directors, the appointment of independent directors, statutory filing of accounts, and Employees’ provident funds. In comparison, the…
Islamabad, Dec 10: The UNICEF Pakistan Advisory Council (UPAC) was launched on Tuesday to create a strategic platform to advance child rights in Pakistan. The Council brings together thought leaders, philanthropists and advocates who share UNICEF’s values and a commitment to tackle the challenges facing children, from access to education, nutrition and protection to gender barriers, frontier technologies and climate change. “This is an important moment for children in Pakistan. UPAC brings together a diverse network of leaders and advocates to inspire, engage and collaborate to create a more equitable Pakistan for children. The Council will help forge new pathways…
Islamabad, Dec 9: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting of the Prime Minister’s Committee on Social Impact Financing at the Finance Division on Monday. The session focused on advancing innovative financial solutions to drive social impact, enhance financial inclusion, and uplift marginalized communities in Pakistan. The Finance Minister highlighted the government’s role in establishing a robust policy and regulatory framework for social impact financing, emphasizing that the private sector would lead implementation efforts. “The private sector has already been doing an outstanding job in this domain, and we must focus on creating an enabling…
Islamabad, Dec 9: International visitors will have everything worth more than $1200 seized by the Federal Board of Revenue (FBR) under the proposed modifications to the e-baggage rules, 2006. In order to implement the authority granted to it by section 219 of the Customs Act, 1969 (IV of 1969), FBR has released the draft of a further amendment to the Baggage Rules, 2006. A “commercial quantity” is defined in the proposed modifications draft as an amount of products valued at more than $1,200 that are imported primarily for trading or financial gain rather than for personal use or gift-giving. When…
Islamabad, Dec 9: Under the Baggage Rules, the Federal Board of Revenue (FBR) will limit the quantity of cell phones that travelers are permitted to carry into the nation. According to the draft of proposed revisions to the Baggage Rules, 2006, a passenger will not be permitted to bring more than one mobile phone besides the one they are using for personal use. Within seven days of the notification being published in the official Gazette, the FBR has requested that any complaints or recommendations be submitted for the Board’s consideration. In its statement, FBR stated that any objections or recommendations…
