No large scale privatization of DISCOs on card: Khurram Dastgir
Minister for Power Division Khurram Dastgir said currently no large-scale privatization of power distribution companies (DISCOs) was on card adding that efforts were being made to control power sector losses. Addressing a press conference along with Minister for Defence Khawaja Muhammad Asif, Minister for Information and Broadcasting Marriyum Aurangzeb, Minister for Climate Change Sherry Rehman,…
Adil Aziz
No case of Omicron variant BF.7 detected so far in Pakistan: NIH
The National Institute of Health (NIH) clarified that no case of Omicron’s sub-variant BF.7 is detected in Pakistan so far. According to the spokesperson of NIH, since its appearance, a total of 29 cases of XBB (Omicron) have been reported from Pakistan and made it clear that this is not the BF.7 variant which is…
Martin Down Group win 2 GDEIB Awards
Martin Dow Group, a Leading Multinational Healthcare Group in Pakistan received Global Diversity, Equity & Inclusion (DEI) Benchmark Awards 2023 in 2 categories. The company received ‘Best Practice’ award in WORK-LIFE INTEGRATION, FLEXIBILITY, & BENEFITS for demonstrating exemplary global practices in DEI whereas the organizations is also recognized as PROGRESSIVE in the category of COMMUNITY,…
Grim IMF Forecast And Negative Chinese Data Weighs On Oil Prices
The latest climb in oil prices was briefly interrupted early on Tuesday morning as bearish sentiment continues to build. A forecast by the International Monetary Fund that a third of the world’s economies are about to slide into a recession this year was particularly worrying. At the same time, Chinese manufacturing data suggests a wave of Covid…
Aviation sector gets Rs 494.97 million for 15 projects in 5 months
The government has so far released funds amounting to Rs 494.97 million, under the Public Sector Development Programme (PSDP 2022-23) against a total allocation of Rs 2.484 billion to execute 15 different projects and schemes aimed at ensuring improved aviation sector services in the country. Out of the total authorization/disbursement of Rs 494.97 million, around…
IPhone city is back at 90% capacity after Covid turmoil subsides
FOXCONN Technology Group has brought the world’s largest iPhone plant to about 90 per cent of anticipated peak capacity, suggesting Apple’s biggest main production partner has secured enough workers despite a Covid resurgence and recent staff upheaval. Foxconn’s plant in the central Chinese city of Zhengzhou is now operating with roughly 200,000 staff, the official Henan…
PSX witnesses bullish trend, gains 395 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend gaining 395.45 points, with a positive change of 0.98 percent, closing at 40,815.90 against 40,420.45 points on the previous day. A total of 242,173,251 shares were traded during the day as compared to 284,512,885 shares the previous day, whereas the price of shares stood at…
NDMA issues instructions for awareness, traveller’s surveillance
The National Disaster Management Authority (NDMA) issued instructions to the authorities concerned to ensure mass public awareness about the novel coronavirus variant that threatens the resurgence of the disease and ensure surveillance of travellers to avoid any risk of infection. Chairman NDMA, Lieutenant General Inam Haider Malik presided over the review session held with the…
Third of world in recession this year, IMF head warns
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said 2023 will be “tougher” than last year as the US, EU and China see their economies slow. It comes as the war in Ukraine, rising prices, higher interest rates and…
Deforestation: A major challenge to combat climate change
Smile is back on the face of 70 years-old Amanullah Khan after his ‘wood taals’ started roaring business in the wake of a significant decline in mercury level during the ongoing harsh cold weather that gripped the Peshawar valley. Busy like a honeybee in cutting timber of native and indigenous species with a big saw…