Tuesday, August 29th, 2023
Pakistan State Oil’s financial crisis worsens
ISLAMABAD, AUG 29 (DNA) — The financial crisis of the Pakistan State Oil (PSO) has worsened as pending dues owed by various sectors and companies to the PSO have exceeded Rs740 billion. The Sui Northern Gas Pipelines Limited (SNGPL) owes over Rs451 billion to the PSO under the head of imported Re-gasified Liquefied Natural Gas (RLNG). The power sector owes Rs182 billion to the PSO. The Pakistan International Airlines (PIA) and the Government of Pakistan also owe Rs108 billion to the PSO. Similarly, the PSO owes Rs36.4 billion to theRead More
ISF Pitching Competition launches with excitement at HEC: Two-Day Event
Grant winners to get up to Rs.10m in seed funding ISLAMABAD, AUG 29 /DNA/ – Two-day startups’ pitching competition under ‘Innovator Seed Fund (ISF)’ programme kicked-off at the Higher Education Commission, (HEC) Islamabad. Collectively around 65 startups will pitch their innovative business ideas in the two-day event in front of the jury comprising a variety of industry and business experts. Encouraging innovation and entrepreneurship is one of the key objectives of HEC and various grants are being offered aimed at accelerating the socio-economic development of the country. Chairman HEC DrRead More
Pakistan Railways to procure passenger coaches, high-capacity wagons
ISLAMABAD: Pakistan Railways is set to procure 230 passenger coaches and 820 High Capacity Wagons under the Public Sector Development Programme (PSDP) aiming help to improve the speed of the trains and ensure adherence to fixed timings. “Out of the total, around 46 Completely-Built-Up (CBU) passenger coaches have been procured up till now while the remaining 184 would be manufactured in the country and the couches would be able to travel at the speed of 160km/h,” said an official in the Ministry of Railways. “Pakistan Railways is putting maximum effortsRead More
India’s KL Rahul out of Asia Cup clash with Pakistan
New Delhi, AUG 29: Wicketkeeper-batsman K.L. Rahul will miss India’s opening two games of the Asia Cup, including the clash with arch-rivals Pakistan, because of injury, coach Rahul Dravid said on Tuesday. India open their campaign in the 50-over championship on September 2 with a showdown against Pakistan followed by a match with debutants Nepal two days later. The Asia Cup, which starts Wednesday, is a final chance for teams from the region to size each other up before the World Cup in India starting in October. The 31-year-old RahulRead More
Brazil keen to increase investment, trade in Pakistan: Olyntho Vieira
Brazil is having a profound impact on the global economy that Pakistani investors can benefit from, said Felipe Salgueiro Lerman, Head of Trade Sector Brazil. The expo is known as a trade fair where property developers set up stalls, M.Khurshid Barlas. The Brazilian Ambassador will definitely attend the meeting which starts on 17th November ISLAMABAD (DNA) – Founder Chairman of Pakistan Association of Exhibition Industry Khurshid Barlas along with the delegation including Fahad Barlas Convener Exhibition, Amin-ur- Rehman, Shamriz Iqbal EC member along with the Ambassador of Brazil to Pakistan,Read More
LAJA, UN Women hold first national conference of service providers in justice sector
DNA ISLAMABAD, AUG 29: The Legal Aid and Justice Authority (LAJA) and UN Women has successfully conducted the first-ever National Conference of Service Providers. The event brought together a diverse network of Criminal Justice stakeholders to engage in cross-learning and exchange of best practices, with an aim to establish standards of care for survivors and to strengthen the implementation of Gender-Based Violence (GBV) laws across Pakistan. While addressing the audience, Ehsan Sadiq, Director General of the National Police Bureau, proclaimed the importance of this collaborative effort and said, “This ConferenceRead More