Aftab Ahmed Islamabad: It is irony of fate, a man working hard for 30 years for uprooting corruption from the dear land is facing exit door for heading a Corporation delivering subsidized chores for masses just asking Corruption watchdog—FIA to probe the irregularities in the procurement of billions of rupees of essential items during the…
Aftab Ahmed Islamabad: The Ministry of Industries & Production has asked Chairman Utility Stores Corporation Board of Director, Zulqarnain Ali Khan, to explain some of the alleged charges against him, sources in the ministry told Newztodays.com on Saturday. In a four paged letter addressed to Chairman USC, the ministry has asked to explain his position…
Aftab Ahmed Islamabad: Islamabad Capital Administration, under Anti-Terrorism Act, 1997, has seized/frozen the properties against the names of persons included in Schedule IV with immediate effect, said order of the office of Deputy Commissioner, ICT, Islamabad. The Assistant Commissioner (Saddar), ICT, and Tehsildar, ICT is further directed to take over the properties‘ possession and…
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) on Tuesday approved a fortnightly oil pricing mechanism based on Platts average. The sub-body of ECC recommended fortnightly price revision to better plan for oil stocks, fair competition in the oil industry, margins aligned with international pricing trends, and smoothing out volatility of prices due to linking…
Muhammad Afzaal Islamabad: While rejecting current members’ regulators, the selection committee has shortlisted five candidates who have questionable credentials for the post of chairman of Oil and Gas Regulatory Authority (OGRA). The Committee re-constituted by Prime Minister Imran Khan aimed at hiring Chairman OGRA has completed the exercise of interview and finalized 5 names for…
Aftab Ahmad Islamabad: Prime Minister Imran Khan has given the go-ahead to submit a summary with two names in a race for new head Pak Arab Refinery Limited–PARCO–before the cabinet for approval. Ahsan Khan is at the top among three candidates for the post of MD Parco, but lacked experience in the refining sector and…
Aftab Ahmed Islamabad: The Cabinet members have opposed a plan of putting a burden of Rs 73 billion on account of diverting expensive RLNG by Sui Northern Gas Pipeline Limited (SNGPL) to domestic consumers in a bid to overcome the gas crisis in the winter seasons. SNGPL faced a revenue shortfall of Rs73.8 billion due…
Aftab Ahmed Islamabad: A high-powered selection committee under the chair of newly re-designated Advisor to Prime Minister on Interior, Shehzad Akbar along with his five-member team will interview 23 short-listed candidates for the post of chairman OGRA through a video link on Thursday. Shehzad Akbar, elevated to the post of Advisor to PM from Special…
Aftab Ahmed Islamabad: The Covid-19 turned out to be positive for the processed milk industry. Fauji Foods Limited–FFL–has witnessed significant sales growth as people across the country avoided buying loose milk due to precautionary measures and preferred packaged milk due to nationwide lockdown. Sources told Newztodays.com that the FFL company had witnessed significant sales growth….
Aftab Ahmed Islamabad: As the country is cash-starved following the Covid-19 pandemic, the government has decided to put cash of all ministries, divisions and public sector companies in a treasury Single Account to ensure availability of cash when it is required. The Finance Division has framed Treasury Single Account (TSA) Rules 2020 in this regard….