Home / 2021 / September / 07 (page 3)

Daily Archives: September 7, 2021

Depleting dams, low inflows aggravate irrigation woes


September 7, 2021

LAHORE: With Pakistan suffering an “unprecedented dry” year, both the dams have started depleting fast before getting filled properly, as national inflows drop exceptionally and water planners now fear this dry cycle will continue and extraordinarily impact the Rabi crops. Although the Indus River System Authority (Irsa) was able to fill Tarbela Lake on Sept 1 after some jugglery with …

Read More »

Details of deemed duty collection sought


September 7, 2021

ISLAMABAD: The government has asked all six oil refining facilities in the country to provide full details of Deemed Duty (DD) collected on petroleum products since its inception two decades ago along with third party audits of its utilisation. In a letter, the Petroleum Division has asked managing directors of six major refineries — Pak Arab Refinery Ltd, National Refinery …

Read More »

Pakistan eyes launch of 5G in 2023


September 7, 2021

ISLAMABAD: As the telecom industry’s market size has grown to $16.9 billion after attracting $1.2bn in foreign direct investments in the last three years, the Ministry of Information Technology and Telecom is aiming to roll out 5G in 2023. The ministry has said that the target has also been welcomed by foreign investors too. In a recent presentation on the …

Read More »

Tarin seeks monthly import, export forecasts


September 7, 2021

ISLAMABAD: Amid surging trade deficit, Finance Minister Shaukat Tarin on Monday asked the commerce ministry to conduct sensitivity analysis and build scenarios for effective forecasting both in imports as well export for each month of the year. The first two months (July and August) of FY22 saw a ballooning trade deficit of 119.94 per cent to $7.491 billion against $3.406bn …

Read More »

Fauji Foods to raise Rs7.8bn via rights issue


September 7, 2021

KARACHI: Fauji Foods will raise Rs7.8 billion by issuing rights shares at the price of Rs10 apiece, a stock filing said on Monday. The 10th largest listed food company in terms of total sales is going to increase its paid-up capital by issuing 780.8 million shares to its stockholders in the proportion of 97.2 rights shares for every 100 ordinary …

Read More »

Families slam ‘corrupt’ Russia at plane crash trial


September 7, 2021

THE HAGUE: The traumatised families of 298 people killed in the shooting down of flight MH17 over Ukraine in 2014 demanded justice from Russia on Monday as they testified in the Dutch trial of four suspects. People who lost children, parents and siblings in the crash of the Malaysia Airlines plane said they could not truly say goodbye to their …

Read More »

Divers identify broken pipeline as source of oil spill off US coast


September 7, 2021

WASHINGTON: Divers at the site of an ongoing oil spill that appeared in the Gulf of Mexico after Hurricane Ida have identified the apparent source as one-foot diameter pipeline displaced from a trench on the ocean floor and broken open. Talos Energy, the Houston-based company currently paying for the cleanup, said in a statement issued on Sunday evening that the …

Read More »

Germany protests to Russia over pre-election cyberattacks


September 7, 2021

BERLIN: Germany has protested to Russia over attempts to steal data from lawmakers in what it suspects may have been preparation to spread disinformation before the upcoming German election, the Foreign Ministry in Berlin said on Monday. Foreign Ministry spokeswoman Andrea Sasse said that a hacker outfit called Ghostwriter has been combining conventional cyberattacks with disinformation and influence operations, and …

Read More »

Uzbeks lift school headscarf ban to boost attendance


September 7, 2021

TASHKENT: Uzbekistan will allow girls to wear headscarves in schools in a bid to ensure devout Muslim families send their daughters to school, the Central Asian country’s education ministry said. Islam is the dominant religion in Uzbekistan, but the authoritarian government is staunchly secular and has retained tight control over the faith in the three decades of independence from the …

Read More »