Pakistan Archives - Page 32 of 71

The CPEC authority abolished by PM Shahbaz

20Aug

By Muhammad Dastageer Shams1 Comment

Latest

The CPEC authority abolished by PM Shahbaz

As a result of Chinese power producers' non-clearance of their Rs300 billion dues, the new government decided to abolish the China-Pakistan Economic Corridor ( CPEC ) Authority. A meeting revealed that Chinese investors had failed to pay dues on over 37% of the CPEC power projects, or 1,980 megawatts. The meeting was informed that the total receivables of the 10 Chinese IPPs have now reached Rs300 billion, of which Rs270 billion is the overdue portion, resulting in a total receivables value of Rs300 billion. One of the three imported coal-fired power plants, Hubco, Sahiwal and Port Qasim, have closed one of their two units due to the non-availability of fuel for their operations, a former senior official who was responsible for the CPEC. In a similar manner, the establishment ...

Pakistan edge closer to ICC World Cup 2023 qualifying

19Aug

By Azmat Shabbir1 Comment

Sports

Pakistan edge closer to ICC World Cup 2023 qualifying

Pakistan joined Afghanistan in third place with 100 points in the ICC Men’s Cricket World Cup 2023 Super League with 16 runs victory over the Netherlands in the first ODI on Tuesday. Two more wins in Rotterdam this week would take Pakistan to 120 points and guarantee a place in next year’s ICC World Cup 2023 event, regardless of how their remaining two series against New Zealand and Afghanistan end. Match Summary Pakistan: 314-6, 50overs Batting Performance Opener Fakhar Zaman scored his seventh century in his 60th ODI, the first in ten matches, Baber Azam scored 74, Apart from Fakhar and Baber, Shadab Khan joined the run-feast as he scored an unbeaten 48 off 28 balls. Debutant Salman Ali Agha was unbeaten on 27 and added 48 runs for the seventh wicket in 25 balls with shad...

19Aug

By Azmat ShabbirNo Comments

Business

PKR Recovery against USD

According to the State Bank of Pakistan (SBP), the local currency gained rupees 1.5 or 0.71 percent to close at PKR 213.98 against USD. Pak rupees, which recovered by four percent last week continue to rise on Monday as well. Saad Bin Naseer, director of Metis Global, said the local currency rise as USD is flowing into the country, adding that more inflows expected. He added the exporters who were keeping their dollars abroad, we're also bringing them to Pakistan quickly as the greenback was depreciating rapidly. Naseer said there was "pressure" as exporters were approaching the government and other institutions to push for stabilization of the exchange rate as they were facing losses. "But this will always happen. The best suggestion is to convert the dollar into rupees on the d...

No Fare for senior citizens and disabled citizens on Orange Line

19Aug

By Azmat ShabbirNo Comments

Latest

No Fare for senior citizens and disabled citizens on Orange Line

Chaudhary Pervaiz Elahi is working on the travel service of the Orange Line Train and going to make it easier and comfortable for the senior citizens and special people by making it free of cost to them. Furthermore, he also announced a discount package to the woman and young students to make their travel more comfortable. in this way, he gives the facilities to the poor and the needy of our society to ride on an Automated Rapid Transit Line in Lahore. To improve further the service of the Mega Public Transit Project, the government of Pakistan is going to launch the first pilot project of electronic buses in Lahore. He said that the best travel facilities will be provided by the government to the public through modern environmentally friendly busses. CM has also reported about t...

Nawaz sharif is coming back this September

16Aug

By Aqsa AzamNo Comments

Latest

Nawaz sharif is coming back this September

PML-N leader is coming back to Pakistan this September. According to sources he is doing better and doctors allow him to travel. Nawaz Sharif is living in the UK after the was accused of treason and corruption. PML-N leader and Federal Minister Javed Latif on Thursday claimed that his party’s supremo Nawaz Sharif will return to Pakistan in September in line with the call of the people. Addressing a press conference flanked by PML-N Punjab spokesperson Azuma Bukhari. Moreover, Latif said that the "doctors" have announced their decision and Nawaz will be among the people in the country next month. "The doctors change their opinion with time. The people are his doctors; the nation has announced its decision that Nawaz Sharif should come back," Latif added. He says pml-n always has res...