COVID-19 | NUST develops testing kits, ventilators and screening app
The National University of Sciences & Technology, one of the top universities in Pakistan has occupied the frontline in the fight against the pandemic of COVID-19. During a recent visit of Federal Minister for Science & Technology Chaudhry Fawad Hussain to NUST main campus he was given a demonstration of the remote controlled decontamination drone […]
$700 million approved for Dasu Hydropower Project
The World Bank Board of Directors has approved further $700 million for Dasu Hydropower Project. The project will be financed from the International Bank for Reconstruction and Development (IBRD), with a variable spread, and 25 years maturity including a five-year grace period. The additional financing for Dasu Hydropower Stage I Project will finance the transmission […]
SECP grants relief to corporate sector
The Securities and Exchange Commission of Pakistan (SECP) has decided to grant relief to the corporate sector due to the ongoing pandemic of COVID-19. Keeping in view the current situation SECP has advised the companies to prioritize public safety while ensuring corporate compliance. A general relaxation of 30 days has been granted in regards to […]
IPPs may face difficulty in paying wages amid COVID-19
In the current situation rose out by COVID-19, the independent power producers (IPPs) will not be able to pay wages to their employees in case the government stops paying capacity charges. As the capacity charges are like a fixed cost of power plants, the IPPs have to bear in any case. According to some hearsays, […]
Huawei earned solid in 2019
After the highest market of 2019, Huawei has released its Annual Report, listing a solid business performance. The company’s global sales profits in 2019 rounded off at $123 billion up to 19.1 percent year-on-year while its net profit reached $9 billion. The cash flow from operating activities topped $13.1 billion, up 22.4 percent year-on-year. Huawei […]