ECC may halt payments to IPPs

The Economic Coordination Committee (ECC) might withhold payments worth millions of rupees to the independent power producers (IPPs) after an investigation conducted by NAB. According to the inquiry committee, the IPPs had received excess payment of Rs1,000 billion. However, the government has signed a revised deal with the IPPs for payment of Rs403 billion to… Continue reading ECC may halt payments to IPPs

Textile exports decline by 3.1 percent in February

Textile and clothing exports decreased in February from a year ago owing to a decline in value-added exports declared the official data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The export value of these sectors dropped down to $1.23 billion in February from $1.27bn over the corresponding month of last year, showing… Continue reading Textile exports decline by 3.1 percent in February

LeBron James turns into accomplice of Liverpool FC homeowners

“I believe if I wanted to, I could own a team or be part of a basketball team,” James mentioned in 2019. He is at the moment value round $450m based on Forbes’ estimates. He sits at quantity 5 on the very best paid athletes of 2020 listing, with earnings of $88m. Source

Uber to pay drivers a minimal wage, vacation pay and pensions

Jamie Heywood, regional basic supervisor for Northern Europe at Uber, mentioned: “Uber is just one part of a larger private-hire industry, so we hope that all other operators will join us in improving the quality of work for these important workers who are an essential part of our everyday lives. Source

Tall Guy Car Review’s “Luv N Slim” EXPOSED?! ..No Brotherly Love?

Football Index collapse: MPs name for inquiry into ‘scandal’

“This can only be termed a scandal,” stated chair Carolyn Harris. “It underlines the need for wholesale reform of the gambling industry and raises significant questions of the Gambling Commission, given they saw fit to licence this platform and failed to enact adequate oversight.” Source

CCOE approves circular debt mitigation plan

The CCOE approved debt mitigation plan which covers the period FY21 to FY23 aims to cut the flow of circular debt from the current Rs538 billion per annum to less than Rs112 billion per annum. The cabinet body on energy was briefed that the power sector could add Rs538 billion to the circular debt if… Continue reading CCOE approves circular debt mitigation plan

Freight rates increase by 700% across the globe

According to reports, the 700% increase in international freight rates for the sea, rail, and air routes is being linked to abnormal growth in imports as the global economies reopen following COVID-19 pandemic-related lockdowns. This has also cancelled out the positive impact of incentives granted by the government for some imports, which may result in… Continue reading Freight rates increase by 700% across the globe

NatWest faces prison case over cash laundering

Insiders at NatWest sounded genuinely deflated that, after making actual progress in resetting the financial institution’s ethical compass after the horrors of the monetary disaster and subsequent scandals, the financial institution previously generally known as Royal Bank of Scotland would have its new identify NatWest dragged by means of the mud: “After all the good… Continue reading NatWest faces prison case over cash laundering

Greggs to open outlets regardless of first loss in 36 years

“Although the crisis is likely to prove a temporary interruption to our insatiable demand for sausage rolls rather than a sign of dramatically changing tastes, it is quite a sustained break, and it’s going to take a toll: Greggs has previously said it doesn’t expect a return to pre-Covid levels of operations until 2022 at… Continue reading Greggs to open outlets regardless of first loss in 36 years