Tuesday, August 6th, 2024
Govt has come up against a brick wall on IPPs: JI
DNA RAWALPINDI: Jamaat-e-Islami (JI) emir Hafiz Naeem said on Tuesday that the government wasn’t taking any steps instead only making announcements despite our multiple calls. Speaking to media, the JI emir said that they expected the government to resolve the issues of inflated bills, adding that the capacity payments given to the Independent Power Producers (IPPs) were unacceptable to the people and that the government was not serious in reforming this sector. He demanded forensic audits of all the IPPs, suggesting that chairman of the Water and Power Development AuthorityRead More
IMF Board to approve staff-level agreement by month end: Aurangzeb
Finance minister indicates Pakistan will engage IMF management board on climate financing Khayam Abbasi ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that he is confident that the International Monetary Fund’s (IMF) Board of Directors will approve the staff-level agreement by the end of August. Addressing the “Climate Action for Pakistan” event organised by Acumen Pakistan on Tuesday, the finance czar also indicated that there would be discussions with the IMF management board regarding climate financing. Last month, Pakistan and the IMF reached an agreement for aRead More
Opposition to challenge bill in Supreme Court
“This parliament is indeed supreme, but the authority to interpret lies with the Supreme Court,” PTI chief Gohar says Faisal Sheikh ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar has announced the opposition’s plan to challenge the newly approved Election Act Amendment Bill—which prevents independent candidates from joining political parties after a specified post-election period—in the top court. In a statement delivered on the floor of the National Assembly (NA), Gohar criticised the bill, asserting that it undermines democratic principles. The National Assembly (NA) passed the Election Act Amendment Bill withRead More
Olympics-Hockey-Netherlands down Spain 4-0 to reach men’s hockey final
PARIS, AUG 6: Top-ranked Netherlands reached the men’s hockey final at the Paris Olympics on Tuesday with a much more comfortable 4-0 win over Spain than in the pool stage when they had to fight back from two goals down. Cheers erupted from the sea of orange blanketing the crowd just before the final whistle as Dutch fans showed up in force. They will play in their first Olympic final since London 2012 as they bid to end a 24-year gold medal drought. India and Germany meet in the secondRead More
ICCI holds session: ‘EU Climate Regulations and their Impact on Exports’
ISLAMABAD, AUG 6 /DNA/ – The Islamabad Chamber of Commerce and Industry (ICCI) convened an interactive session ‘Dialogue on Climate Regulations by EU and their Impact on Exports’, attended by exporters in large number and key government officials. It was addressed by Escipion Joaquin Oliveira Gomez, Director International Trade Centre, Geneva, Robert Skidmore, Chief Sector & Enterprise Competitiveness International Trade Centre, Geneva, Atif Aziz, Joint Secretary EU Affairs, Ministry of Commerce, Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry, former President ICCI and Secretary General United Business GroupRead More
Gold rates continues to plunge in Pakistan
ISLAMABAD, AUG 6 /DNA/ – Gold prices in Pakistan continued to decline in Pakistan keeping in line with the international market. In the local market, the price of per tola gold fell by Rs500, settling at Rs256,000. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold dropped by Rs428, bringing it to Rs219,479. On Monday, the price of gold per tola decreased by Rs300. Internationally, gold prices declined by $17 to $2,410 per ounce. Silver rates also saw a reduction, dropping by Rs50 toRead More