Kot Addu Power Company (Kapco) will receive Rs 100 billion from the government following a revised deal economic coordination company (ECC) approved on Monday. However, Hubco will receive Rs 75 billion outstandings. The Cabinet Committee on Energy on Monday approved paying Rs 403 billion to Independent Power Producers (IPPs). Nishat Power will receive Rs 25…
Aftab Ahmed Pakistan Telecommunication Authority has rejected all six appeals of one of its licensee for not paying annual license fees, R & D and USF contributions, and late payment of the previous years said the Authority’s order. The authority comprising Maj Gen (Retd) Azeem Bajwa, Chairman PTA, and its two members Muhammad Naveed and…
The PTI government has appointed Rina Saeed Khan as chairman Islamabad Wildlife Management Board (IWMB). The cabinet has given formal approval in this regard. The climate change division had sent a panel of three candidates to appoint chairman IWMB. However, the cabinet approved Rina Saeed Khan as chairman of IWMB. The Climate Change Division informed…
Aftab Ahmed Islamabad: Amid controversy over Roosevelt Hotel‘s shutdown in New York, the PTI government has considered an option to take over directly Roosevelt and Scribe Hotels. The Roosevelt Hotel management had advertised and announced on its Twitter account to shut down the hotel on October 13, leading to strong criticism in the country. READ…
News Desk The Roosevelt Hotel New York has announced to close permanently on October 31, 2020. ‘The Roosevelt Hotel is regretfully closing its doors permanently as of October 31, 2020, it said in a tweet. It further said that ” We at The Roosevelet Hotel have enjoyed being a part of your stories, and an integral…
Aftab Ahmed Islamabad: Amid protest from Sindh province, the PTI government has decided to seek local and international firms for Islands City projects to be executed by Island Development Authority Karachi. President Dr. Arif Alivi had promulgated Ordinance to set up Pakistan Islands Development Authority, which led to voicing strong concerns by the PPP government…
News Desk Pakistan is keen to strengthen ties with Azerbaijan in trade, tourism, energy, and defense. President Dr. Arif Alvi said this while talking to the newly appointed ambassador for Azerbaijan, Bilal Hayee, in Islamabad on Monday. The President said Pakistan gave utmost importance to its relations with Azerbaijan. He said Pakistan and Azerbaijan enjoyed…
Aftab Ahmed Islamabad: The PTI government is working on a proposal to dispose of the valuable properties of Pakistan Television Corporation (PTVC) to clear Rs 20 billion pending liabilities. Sources told Newztodays.com that the cabinet directed Managing Director (MD) PTVC to prepare a viable business plan to revamp the organization. The plan also includes disposing…
News Desk The Tehreek-e-Insaf (PTI) is laying special focus on the development of digital media. It has attained tremendous significance in the dissemination of information. The Information Minister stated this while talking to the Mexican President of the Inter-Parliamentary Union, Gabriela Cuevas Barron, in Islamabad on Tuesday. Senator Shibli Faraz has given his views on…
News Desk The Cabinet Committee on Privatization (CC0P) has approved the “Divestment of up to 7% Government-owned shares in OGDCL” through public offerings. It also directed to initiate the appointment of a Financial Adviser for the process. According to details, the meeting of CCoP held in Islamabad on Friday with Adviser to the Prime Minister…