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Articles for tag: boards, Chief Minister Shehbaz, DISCO, due, Energy, loss, losses, Power, sacks

May 21, 2024

News Desk

PM sacks 8 DISCO boards due to losses

Islamabad: The boards of eight power distribution companies, which were set up by the previous Pakistan Democratic Movement (PDM) government, were sacked on Monday on charges of incurring a whopping loss of Rs 589 billion for this financial year. The PML-N government has also decided to enlist the services of the military and intelligence agencies to strengthen governance in these electricity distribution companies, invoking Article 245 of the Constitution and the Anti-Terrorism Act. In addition, the government has approved the establishment of the Distribution Companies Support Unit (DSU) to mitigate losses going forward. The relevant army sector commander will serve

May 21, 2024

News Desk

The prime minister forms a new committee to end the inter-ministerial dispute

Islamabad: Prime Minister Shehbaz Sharif has set up yet another committee, this time to end an inter-ministerial row as neither the Planning Ministry nor the Finance Ministry is willing to take ownership of 100 provincial nature schemes at a cumulative cost of Rs 573 billion. The controversy arose days before the approval of the 2024-25 development budget by the National Economic Council, the constitutional body responsible for approving development schemes and including them in the national development agenda. Sources told The Express Tribune that Prime Minister Sharif formed the committee after the planning ministry thrice rejected a proposal by the

May 13, 2024

News Desk

“There is no parallel with Pakistan, KSA’s ties,” says Shehbaz

KARACHI: Prime Minister Shehbaz Sharif on Monday said that the relationship between Pakistan and the Kingdom of Saudi Arabia (KSA) has remained “unparalleled” for the past seven decades. In an exclusive interview with Al Arabiya English, the Prime Minister discussed the deep ties between the two nations, highlighting their unparalleled relationship. He underlined the mutual understanding and shared feelings between the two countries. Speaking about the recent talks between the representatives of the two countries and the visits of business delegations, the Prime Minister said that the two countries have identified areas of cooperation at the government-to-government (G2G) and business-to-business

April 30, 2024

News Desk

Prime Minister postpones decision to export sugar over conflicting claims

Islamabad: Prime Minister Shehbaz Sharif delayed a decision to allow sugar exports amid conflicting claims of excess stocks, which the government said was only 114,000 metric tons compared to sugar industry estimates of 1.5 million tons. The Pakistan Sugar Mills Association (PSMA) claim of excess sugar stocks was over 1200% higher than the Ministry of National Food Security and Research’s estimates. The difference in numbers is due to the variation in monthly consumption and the government’s insistence on maintaining strategic reserves. Prime Minister Sharif chaired a meeting last week to discuss the possibility of exporting sugar, according to officials who

April 6, 2024

News Desk

The Prime Minister unveils initiatives for government reform

In a recent cabinet meeting held on Friday, Prime Minister Shehbaz Sharif said that minimal financial protection could be provided to government officials. The prime minister also indicated the launch of a “reward program” for high-performing bureaucrats in ministries with the implementation of a 100% salary increase. The Prime Minister appreciated the role of the forward-looking secretaries who run the Departments for the depth of knowledge and professional caliber they possess for each field, noting that not all secretaries were equally competent. It stated that high performers would be rewarded appropriately, while low performers would be held accountable for their

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