Islamabad, Sep 9: The 49.5 MW Sindh-based wind power facility owned by Tenaga Generasi Limited (TGL) has not been purchased by Artistic Milliners (Private) Limited. “The Share Purchase Agreement’s deadline for meeting the requirements needed to complete the transaction could not be met. The buyer has chosen not to move forward with the transaction, despite the Company’s best efforts to move forward with it, according to the stock filing. 75% of TGL’s outstanding paid-up capital, or 227 million shares, are owned by Dawood Lawrencepur Limited (PSX: DLL), which also holds 5 shares held by TGL’s directors. On February 12, 2024,…
Author: Mawadat Fatima
Islamabad, Sep 9: Lucky Core Industries Limited (PSX: LCI) has notified the main bourse on Monday that it has successfully acquired a manufacturing facility situated at B2 SITE Karachi that is held by Pfizer Pakistan Limited. Additionally, LCI has acquired various pharmaceutical items. According to the stock filing, the asset acquisition was finished on September 06, 2024, in compliance with the Asset Purchase Agreements signed by the parties. The following pharmaceutical goods have been registered:(1) Ansaid;(2) Ponstan;(3) Ponstan Forte;(4) Basoquin;(5) Deltacortril;(6) Lysovit;(7) Corex-D; and (8) Mycitracin; moreover, trademarks related to these pharmaceutical products from pertinent Pfizer group businesses are included. …
Islamabad, Sep 9: Oxford Pakistan Programme Hamid Ismail Foundation is still carrying out its important work of helping Pakistani students pursue higher education at prestigious international universities. The Foundation is pleased to announce this year’s new scholarship for Ayeda Hamed, a Princeton alumna who plans to attend Oxford for her M.Phil. in development studies. Ayeda’s research will center on South Asian economic development policy solutions, in line with the Foundation’s mission to promote academic excellence and advance Pakistan. By working together to co-sponsor this scholarship, the Malala Fund and the Hamid Ismail Foundation are demonstrating their common commitment to empowering…
Islamabad, Sep 9: Iftikhar Ahmed, an all-rounder for Pakistan, has sparked debate by characterizing his position on the national cricket team as a “tailender” as opposed to a middle-order batsman. His remarks were made prior to the Champions One-Day Cup, which is scheduled to happen in Faisalabad. Iftikhar will play for the Wolves team, which is led by Muhammad Rizwan. The 34-year-old all-rounder gave his opinion in a recent interview with the media, saying, “I don’t see myself as a middle-order batter or an all-rounder.” When you compare it to other all-rounders, who frequently bat at Nos. 4 or 5,…
Islamabad, Sep 9: The Monetary Policy Committee and the government have been urged by the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) to promptly reduce the policy rate by 400 basis points. The FPCCI Declaration states that while the nation’s inflation rate is currently at 9%, the policy rate ought to be raised to 10% to reflect this trend. While all four chambers of the national legislature are calling for a reduction in interest rates, the FPCCI stated that an instant 400 basis point fall in rates should be included in the September monetary policy. The Federation of…
Islamabad, Sep 9: Transgender community from different parts of the country have welcomed the government’s initiative of launching the Pakistan’s first transgender school in the Lodhran district of Punjab but urged the authorities to take follow-up action. With about 20 pupils, the government-run Literacy department founded the school, and it started sessions more than five years ago. The school wanted to assist this underserved group in carving out a place for itself in society. With the introduction of Computerized National identities Cards (CNICs), the ability to run for office, and the creation of the first-ever special ward at the Pakistan…
Islamabad, Sep 9: Markup-free loans to Farmers in keeping with the Kisan-friendly agenda of Chief Minister Maryam Nawaz Sharif, will lend five lakh farmers in the province, including those in the district of Hafizabad, Rs. 75 billion at no interest. Deputy Commissioner Abdul Razzaq made this declaration at the district complex in Hafizabad to kick off the distribution of Kisan Cards to growers. According to him, the government was doing everything within its power to implement a revolution in agriculture, as it was the foundation of the country’s economy. According to him, farmers are granted Kisan cards based solely on…
Islamabad, Sep 9: At a time when the nation’s use of RLNG has drastically dropped, the Sui gas companies will suffer a loss of Rs420 billion as a result of the decision to follow the IMF’s guidance and move the industrial sector from gas-based Closure of CPPs (Captive Power Plants) to the national grid. “Our CPPs, which are built for ecologically friendly industrial activities, bring in an annual revenue of Rs. 420 billion for us. According to senior officials at the Energy Ministry, customers of protected gas are currently receiving a cross-subsidy of Rs 100 billion from the industry. “There…
Islamabad, Sep 8: The Sindh Provincial Disaster Management Authority (PDMA) on Sunday called for coordinated efforts to address the impact of floods during a high-level meeting, a statement issued in this regard said. In August, a fact-finding mission carried out by the United Nations and three relief agencies reported extensive damage and displacement due to the recent floods in Sindh’s Khairpur and Sukkur districts and Balochistan. Four union councils in the riverine areas of Khairpur district suffered significant damage, resulting in the displacement of 33,178 persons, including 11,060 men, 13,700 women and 4,209 children. Currently, 130 families live by the roadside, and 160 with…
Islamabad, Sep 8: For the forthcoming academic year, the Punjab government has authorized major modifications to the curriculum for pupils in Classes 9 and 11. This decision is part of a notice that the Ministry of Education released on Sunday, indicating a significant revision to the curriculum overseen by the Punjab Curriculum and Textbook Board (PCTB). According to the notification, the PCTB has been instructed to publish updated textbooks that take these modifications into account. Many fundamental disciplines, including English, Urdu, Islamiat, Chemistry, Physics, Mathematics, Biology, and Computer Science, will be impacted by the altered syllabus. A significant change to…
