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
Tag: Business
SBP to hold rate as economy battles inflation and COVID
The State Bank of Pakistan’s (SBP’s) Monetary Policy Committee is due to meet on Friday, the 19th of March to discuss the new monetary policy of the country. The authorities are expected to adopt a “wait and see approach”, with an emphasis on how the new positivity rate for COVID 7.1% impacts the business versus… Continue reading SBP to hold rate as economy battles inflation and COVID
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
Japan court docket makes landmark ruling on same-sex marriage
Court says not permitting identical intercourse marriage is ‘unconstitutional’ in main victory for LGBTQ group. A Japanese district court docket on Wednesday dominated that not permitting same-sex {couples} to marry is “unconstitutional”, setting a brand new precedent in the one G7 nation to not totally recognise same-sex unions. More than a dozen same-sex {couples} filed… Continue reading Japan court docket makes landmark ruling on same-sex marriage
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
Beijing’s legislative Sanctions posed autonomy of Hong Kong’s danger
Earlier on Friday, it seemed that a new electoral system has been proposed by Beijing’s legislative sanctions that sought for the purpose to tighten authoritarian grip of China on the Capital city Hong Kong, giving to itself an ultimate new power to nominate its very legislative candidates. That respective China’s move strictly attacked by the… Continue reading Beijing’s legislative Sanctions posed autonomy of Hong Kong’s danger