ISLAMABAD, AUGUST 1: The delegation of the Port Qasim Electric Power Company (PQEPC), led by the CEO of PQEPC, met with Federal Ministers of Finance Muhammad Aurangzeb and Power Sardar Awais Leghari. The minister was informed by the PQEPC team about the power company’s operations and some of the problems they’ve been having with past-due receivables. The team underscored Power China’s status as a significant Chinese state-owned firm and investor in Pakistan’s energy sector. The business will go on collaborating with Pakistan and contribute to the development of the power industry. The finance minister said that the government recognizes and…
Author: Mawadat Fatima
ISLAMABAD, AUGUST 1: Beginning on September 1st, Allama Iqbal Open University (AIOU) will accept applications for its Teacher Training Programs, which include 1.5-year, 2.5-year, and 4-year B.Ed programs. During the second half of the Fall 2024 semester, AIOU will also provide a variety of additional programs, including associate degree programs (BA/B. Com.), postgraduate diplomas, and BS (ODL) programs. The Vice Chancellor of AIOU, Professor Dr. Nasir Mahmood, emphasized the accomplishments of the Faculty of Education’s teacher preparation programs. He mentioned that these programs have taught millions of instructors, and that their graduates are currently employed by educational institutions all around…
ISLAMABAD, AUGUST 1: When Australian icon Matthew Hayden chose an all-time One Day International (ODI) World Cup XI that didn’t include Virat Kohli, it caused some controversy. Legends from several eras are on Hayden’s roster. Two famed Pakistani fast bowlers, Wasim Akram and Waqar Younis, who used to terrorize batsmen with their raw pace and reverse swing, were chosen by the well-known Australian among them. One of the best batters in cricket history, Virat Kohli shines in the One-Day International (ODI) format, where he has amassed 50 hundreds. He is third on the all-time list of ODI run scorers with…
ISLAMABAD, AUGUST 1: According to recent statistics from IDC, the foldable smartphone industry in China is flourishing, with sales tripling over the same period last year. With its Mate X5 and Pocket 2 models, Huawei has made a clean sweep of the foldable market, accounting for roughly half of sales. These phones have satellite connection and processors built in China. Thanks to its svelte X Fold 3 and X Fold 3 Pro models, which are equipped with the best Snapdragon processors, Vivo comes in second. These gadgets were made available shortly before the quarter officially began. A total of 2.57…
ISLAMABAD, AUGUST 1: Commissioner Lahore has issued a rain emergency for the entire provincial capital of Lahore in response to the city’s record-breaking rainfall. In reaction, to avoid damage from the intense rain, all Lahore offices and schools have been closed. The public has been instructed by the Commissioner to stay home unless absolutely essential. When Commissioner Zaid bin Maqsood stopped by the WASA headquarters, MD Ghufran Ahmed gave him a thorough rundown of the drainage operations. Additionally, the Commissioner asked locals to use caution and keep kids indoors during the inclement weather. It is important to note that earlier…
ISLAMABAD, AUGUST 1: In order facilitate Pakistan International Airlines’ (PIA) privatization, the State Bank of Pakistan (SBP) has declined to discharge guarantees denominated in dollars and loans totaling Rs. 268 billion from commercial banks. Subject to SBP’s waiver, the Ministry of Finance and commercial banks have decided to treat this debt as a fresh loan starting on January 1, 2024. A national newspaper stated that the central bank has demonstrated reluctance to provide this exception. Commercial banks signed into this agreement knowing that they would be protected from losses by regulatory coverages, including exemptions. A term sheet between PIA Holding…
ISLAMABAD, AUGUST 1: The Consul General of the United Arab Emirates in Karachi, Bakheet Ateeq al-Remeithi, has cautioned Pakistanis living in the UAE not to spread false information about Pakistan, its institutions, or its leaders. According to the consul general, Pakistanis living in the United Arab Emirates have been criticizing Pakistan on social media. As a result, several people have been arrested and given sentences ranging from 14 to 15 years in jail. In addition, the majority of individuals implicated were deported, while over five Pakistanis received life sentences. The consul general issued a warning, stating that Pakistanis found engaging…
ISLAMABAD, AUGUST 1: The World Food Programme (WFP) of the United Nations endorsed the Sindh government’s plan on Wednesday to offer pupils free breakfast, lunch, and milk as part of its School Meal Programme (SMP). WFP Country Director Coco Ushiyama met with Sindh Chief Minister Syed Murad Ali Shah at the CM House to talk about concerns concerning children who are not in school. The Chief Minister urged WFP to fund prototype projects that have the potential to grow in the future. In an effort to provide kids with wholesome and sanitary meals, the province government intends to introduce the…
ISLAMABAD, AUGUST 1: Following many complaints alleging that power distribution firms (DISCOs) were overcharging customers, the federal government decided to extend the deadlines for electricity bills by ten days. Following a thorough investigation of overbilling allegations from April to June 2024, the National Electric Power Regulatory Authority (NEPRA) released these conclusions. All DISCOs engaged in rampant overbilling, according to NEPRA’s study. The Ministry of Energy has extended the deadline for paying power bills for July and August by ten days. All DISCOs have been ordered by NEPRA to provide explanations and to make up for the financial hardship caused by…
ISLAMABAD, JULY 31: On Wednesday, Pakistan Hotels Developers Limited (PSX: PHDL) declared that it has moved the Regent Plaza Hotel’s title to SIUT Trust. In a notice to the Pakistan Stock Exchange (PSX), PHDL stated that, in accordance with the terms of the property sale agreement, the SIUT Trust had paid the company the remaining 10% of the proceeds from the sale on July 30, 2024, and the company had transferred the property’s title to SIUT Trust upon receiving the remaining amount. It was emphasized that on July 1st, 2024, ownership of the land was already transferred to the SIUT…