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Day: August 19, 2023

The 10-member Sindh interim cabinet sworn in today after interim Chief Minister Justice (retd) Maqbool Baqar assumed office

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chief-minister

Sindh Governor Kamran Tessori administered the oath during a ceremony held at Governor House in Karachi.The members of the caretaker cabinet who took the oath include:Brigadier (retd) Haris Nawaz,M. Younus Dagha,Mubeen Jumani,Ishwar Lal,Arshad Wali Muhammad,Dr Junaid Shah,Omar Soomro,Dr Saad Khalid Niaz,Khuda Bux Marri,and Mrs Rana Hussain. Caretaker Chief Minister of Sindh, Justice (retd) Maqbool Baqar was in attendance. Also present…

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BQATI urges SSGC to ensure supply

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Sui-Southern-Gas-Company

KARACHI: The Bin Qasim Association of Trade & Industry (BQATI) has asked the Sui Southern Gas Company (SSGC) to provide a stable and consistent supply of gas for the industrial sector, especially for the continuous industrial units that require uninterrupted operations. BQATI President Rasheed Janmohammed made the request during a meeting with SSGC Managing Director Imran Maniar at the BQATI…

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Circular debt settlement: No communication from authorities so far: OGDC

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ogdcl

ISLAMABAD: A plan to reduce the gas sector circular debt by Rs543 billion through a dividends ploughing back scheme has drawn flak from major gas producer — OGDCL — who says it was not consulted by the previous PDM government. The proposal, which was shared with the International Monetary Fund (IMF), involves the government injecting funds into the state-owned gas…

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Cayman Grand Court allows Pak proceedings to continue in KE takeover battle

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K-Electric

LONDON: The Grand Court of the Cayman Islands has granted partial relief to Infrastructure and Growth Capital Fund SPV21 (IGCF) but also allowed the Pakistan proceedings to continue with the government of Pakistan through the Privatization Commission and Power Division Secretaries, Nepra and SECP in the battle for the takeover of Karachi Electric (KE). Mr Justice Segal, Judge of the…

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Court backs KE holding firm’s majority owner over board tussle

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circular-debt-K-electric-ceo

ISLAMABAD: Minority shareholders in an offshore holding company that owns most of K-Electric have been ordered to withdraw their petition in the Sindh High Court (SHC) that blocked main shareholder IGCF from joining the board, IGCF said on Friday. Infrastructure and Growth Capital Fund SPV21 (IGCF) told Reuters it had filed a case against the petition in a court in the Cayman…

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