ISLAMABAD: Even though the government appears to be slowing down ongoing power projects, it will have to increase generation capacity by 35-40 per cent from about 34,501MW to 57,204MW by 2030. According to the Indicative Generation Capacity Expansion Plan (IGCEP), 2030, prepared by the National Transmission and Dispatch Company, the annualised compound growth rate (ACGR) of 3.3pc to 4.6pc is …

KARACHI: Finance and Revenue Minister Shaukat Tarin has assured businessmen that no notices will be issued by the Federal Board of Revenue (FBR) from July 1 as the taxpayers will be able to carry out self-assessment whereas only 4 to 5 per cent of the cases will be sent for audit which will not be done by FBR but by …

ISLAMABAD: The Public Accounts Committee (PAC) — the supreme parliamentary forum for accountability of federal government departments — appears to be helpless before influential contractors in the power sector and bureaucrats allegedly involved in irregularities worth billions in construction projects, it has emerged. A PAC meeting was held on Thursday under the chairmanship of Rana Tanveer Hussain that examined the …

• First half year’s performance has improved macroeconomic outlook for FY21 • Debt servicing remains a key challenge KARACHI: The economic recovery is becoming more visible exceeding the previous forecast to reach 3 per cent GDP growth rate with 7-9pc inflation and better prospects for wheat output, State Bank’s Second Quarterly Report said on Thursday. The report covers the first …

JoJo Siwa’s pride party was raided by paramedics and police after a guest had a drug overdose. According to TMZ, a 911 call was made at 8pm after a male, about 30-years-old, had overdosed on LSD. Paramedics and police had arrived at the scene and transported the victim to a hospital for treatment. His condition remains to be unknown, the outlet …

Kim Kardashian has receiving criticism over disrespecting the Hindu community. The Keeping Up With the Kardashians star had posted a series of sultry snaps from her latest photoshoot one of which featured her lounging on a bed with a sheer red outfit on. The photos irked fans as they spotted the KKW Beauty founder wearing oversized silver earrings that had the “om” symbol in …

ISLAMABAD: Pakistan on Thursday underscored the need for closer trilateral cooperation between Islamabad, Kabul and Beijing for peace and stability in Afghanistan and the region. “We should, therefore, explore how our three neighbourly countries can work together to deal with the evolving situation in an effective manner and steer it towards achieving our shared objective of lasting peace and stability …

UNITED NATIONS: Pakistan has urged the United Nations to urgently set up a global mechanism to coordinate efforts against corruption. Addressing a UN debate on corruption on Wednesday evening, Pakistan’s UN Ambassador Munir Akram called upon the world body to take immediate and robust actions to stop corruption. “I am convinced that corruption, which leads to massive outflow of illicit …

YANGON: A shadow government in Myanmar on Thursday called on the Rohingya minority to help it overthrow the junta, promising citizenship and repatriation for the persecuted Muslim community in a future democratic Myanmar. Myanmar has been in turmoil since the military overthrew democracy champion Aung San Suu Kyi and her National League for Democracy (NLD) government in a February 1 …

TEHRAN: Iran on Thursday slammed the United Nations’ decision to suspend its voting rights for failing to pay its dues as “fundamentally flawed, entirely unacceptable and completely unjustified”. Tehran argues that the $16.2 million it owes to the UN is the result of Washington’s crippling sanctions, imposed after former president Donald Trump in 2018 unilaterally withdrew the US from a …