Karachi: A large number of industrialists of SITE area Karachi staged a peaceful protest outside the office of SITE Limited against the non-provision of infrastructure facilities in SITE area Karachi, particularly the worst-ever condition of roads. Industrialists demanded to hand over Site Ltd management control to Site Association, immediate start of roads repair under Site Association supervision, Site board members…
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CALIFORNIA: The US technology giant Apple Inc. has announced to launched iPhone 12 on September 15. According to media reports, the iPhone 12 will be launched in a ceremony to be telecast live. Earlier, the company had announced that the iPhone 12 will be introduced in October instead of September in the wake of coronavirus pandemic. The reports said that…
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KARACHI: Hackers have demanded K-Electric $38 million for returning its data. Sources said that the hackers have given the KE a deadline of September 15 to pay $38 million if the company wants to take back its data. Failing to pay the money by Sept 15, the amount will be doubled i.e $76 million, they added. The KE teams are…
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An elephant kept alone in a tiny enclosure in a Pakistani zoo will be allowed to leave after a campaign by animal welfare activists helped ensure him better conditions elsewhere. Dubbed the ‘world’s loneliest elephant’ by his supporters, Kaavan has languished at a zoo in the Pakistani capital of Islamabad for more than 35 years. Martin Bauer, a spokesman for…
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Pakistan Railways is set to invite the much awaited tenders for its mega Mainline-One (ML-1) project from September 12. It’s one of the major projects being undertaken in the multi-billion China Pakistan Economic Corridor (CPEC). “We are going to open the international tenders of the ML-1 on September 12. It is good news for the Pakistan Railways. The railways management will…
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ISLAMABAD: The federal government’s “Dubai Group” is reportedly behind the move to remove Chief Executive Officer (CEO), Karachi Electric (KE), Moonis Alvi for ostensibly not bringing any improvement in the power utility’s generation, distribution and transmission system, well-informed sources told Business Recorder. On Monday, a high-level meeting presided over by Minister for Energy, Omar Ayub decided to constitute a committee…
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ISLAMABAD: The federal government has reportedly decided to settle payables of government-owned power plants amounting to Rs 357 billion as of June 2020 at par with settlement with Independent Power Producers (IPPs), well-informed sources told Business Recorder. The decision was taken by the Cabinet Committee on Energy (CCoE) headed by the Minister for Planning, Development and Special Initiatives, Asad Umar.…
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KARACHI: Finance Adviser Dr Abdul Hafeez Shaikh struck a gong at the stock exchange on Monday to mark the listing of the Pakistan Energy Sukuk II (PES-II) worth Rs200 billion. The government issued the 10-year Islamic bond back in June through its wholly owned company, Pakistan Holding Ltd, to generate cash for overdue payments in the power sector. Its listing…
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ISLAMABAD: The government has constituted a special committee to act as one-window operation for K-Electric and sought removal of the top leadership of the power utility over its alleged inability to ensure uninterrupted power supply and address disruptions within reasonable time after recent rains. Highly placed sources said the government members on the K-Electric board of directors had pushed for…
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KARACHI: The Sindh government issued on Monday an official notification to appoint administrators in local government bodies across the province, a week after the tenure of the elected local bodies representatives ended. According to the notification, Iftikhar Ali Shallwani – a Grade-21 official who had recently been posted as the local government secretary – has been appointed as the Karachi…
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