ISLAMABAD: In an interesting development, the National Electric Power Regulatory Authority (Nepra) has returned to the National Transmission & Despatch Company (NTDC) the 27-year Indicative Generation Capacity Expansion Plan (IGCEP 2020-47) to get its approval from the government on the basis of preferred fuel mix and provincial shares. Strangely, the regulator also gave a list of about […]
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KARACHI: Hum Network Ltd’s Extraordinary General Body meeting held on August 22 decided to postpone the elections to its board of directors in compliance with order from the Sindh High Court. The network’s management has informed the stock exchange that it has reason to believe it is under a hostile takeover by the JS Group, which has […]
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THE state of activity in the refining sector is an interesting barometer for the things to come in the crude sector. After all, we use products and not crude. And crude is converted into the required products by refineries. The rate of conversion thus remains a ‘good’ indicator of crude demand. And today, the refining […]
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KARACHI: The stock market snapped the eight-week long gaining streak in the outgoing five sessions of trading as the KSE-100 index pulled back by 669 points (1.7 per cent) and finished at 39,621. Observers said the correction was due after the index had rallied by a massive 46pc from its five-month low in March. In […]
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ISLAMABAD: The government has decided to release pending income tax refunds, the Federal Board of Revenue (FBR) announced on Saturday. All taxpayers are requested to contact their respective Regional Tax Office (RTO) and fulfill the legal requirements in the regard, the FBR said in a statement. The decision by the government will facilitate business community […]
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BERKELEY: An appeals court has allowed ride-hailing giants Uber and Lyft to continue treating their drivers as independent contractors in California while an appeal works its way through the court. Both companies had threatened to shut down if a ruling went into effect on Friday morning that would have forced them to treat all their […]
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Every year the world goes gaga over the launch of latest generation mobile phones and laptops as their specifications trigger debates among ardent fans and tech geeks. Meanwhile a related business — that of electronics repair, which in itself is quite sizable — gets little attention. But for a local startup, that hasn’t been a […]
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Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulfiqar Bukhari said Saturday he has instructed his ministry to arrange special flights for Pakistani students who want to go back to China. The move comes after air travel and other restrictions were imposed across the world, including China and Pakistan, […]
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ISLAMABAD: Prime Minister Imran Khan on Saturday was briefed about the Strategic Plans Division (SPD), which administers the country’s nuclear and missile programmes. The Prime Minister Office said: “Director General, Strategic Plans Division Lt Gen Nadeem Zaki Manj called on Prime Minister Imran Khan at Islamabad.” It said Mr Khan was briefed about the “initiatives […]
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LAHORE: As the debate to bring back Nawaz Sharif intensified, Prime Minister Imran Khan’s aide on accountability, Shahzad Akbar on Saturday said the PML-N supremo was allowed to leave on certain conditions, which he failed to meet. While addressing the media in Lahore along with Punjab’s Information Minister Fayyazul Hassan Chohan and SAPM on Political […]
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