Home Blog Page 9505

ADM Group to invest $250mln in Pakistan’s electric vehicle sector

0
ISLAMABAD, Aug 15 (APP):ADM Group Chief Executive Officer (CEO) Yasir Bhambhani on Thursday said that the ADM Group was keen to invest an amount of $250 million in Pakistan for the manufacturing of electric vehicles to provide ecological-friendly automobiles to local consumers.
In a meeting with Federal Minister for Industries and Production Rana Tanveer Hussain, he said the first phase of the project charging network station would be established, followed by the manufacturing of electric vehicles in the second phase. He said the electric vehicles will have a range of 300 kilometres on a single charge.
The minister said the government is ready to facilitate direct foreign investment in the country, and the Ministry of Industries and Production is committed to collaborating closely with all relevant stakeholders to ensure a smooth process. He emphasized the importance of focusing on green energy, adding that electric vehicles have become a reality.
Rana Tanveer highlighted the benefits of electric vehicles, including their lower cost compared to traditional vehicles and fuel savings.

DG environment plants sapling

0
FAISALABAD, Aug 15 (APP): Director General (DG) Environment Department Punjab Imran Hamid Sheikh on Thursday planted a sapling on Chak No 248-RB, Dalowal under plant for Pakistan campaign.
Deputy Director Johar Abbas Randhawa and other officers, brick kiln owners and students took part in the plantation drive.
He said that plantation was vital for the protection of the environment.
He directed plantations at brick kilns and other available spaces.

 SDOs of FESCO suspended for misbehaving with consumers

0
FAISALABAD, Aug 15 (APP):Four Sub Divisional Officers (SDOs) of Faisalabad Electric Supply Company (FESCO) were suspended on the charge of negligence, delinquency and misbehaviour with consumers.
Spokesman Tahir Sheikh said here on Thursday that Chief Executive Officer (CEO) FESCO Engineer Muhammad Amir received complaints against SDO Nazim Abad Subdivision Shoaib-ur-Rehman, SDO Dijkot Subdivision Zeeshan Sarwar, SDO City Subdivision Bhakkar Kazim Raza and DSO City Subdivision Darya Khan Ayyaz Khan that they had not only committed negligence in their official duties by also misbehaved the honorable FESCO consumers by abusing their powers.
Talking serious notice, FESCO Chief suspended these four SDOs and warned the other FESCO officers and officials to perform their duties honestly and dedicatedly in addition to dealing with the FESCO consumers politely as the FESCO clients are precious asset of the company.
FESCO Chief also directed the operation staff in all circles, divisions and subdivisions to attend the phone calls immediately and respond prompt for redress of electricity related complaints.
He also directed the FESCO officers to listen to the consumers’ complaints in open courts daily from 11 a.m. to 1 p.m. so that their electricity related issued could be redressed without any delay.
Meanwhile, Director Career Management FESCO Mehmood Ahmad also issued notification for suspension of 4 SDOs, FESCO spokesman added.

PU establishes Alumni Scholarship Endowment Fund

0
LAHORE, Aug 15 (APP):The Punjab University (PU) has established Alumni Scholarship Endowment Fund (ASEF) in order to financially aid deserving students for completion of their higher education.
In this regard, Vice Chancellor Prof Dr Khalid Mahmood presided over a meeting of the PU Alumni Office here on Thursday. The meeting was attended by PU Alumni Office Director Prof Dr Mumtaz Anwar Chaudhry, Planning & Development Director Prof Dr Hafiz Muhammad Anwaar Asghar and others were present. VC Prof Dr Khalid Mahmood and Dr Mumtaz Anwar Chaudhry also announced begin the ASEF with personal contribution.
Addressing the meeting, PU VC Prof Dr Khalid Mahmood said that Alumni Scholarship Endowment Fund has been established for the financial assistance of students. He said that alumni all over the world provide financial support to their respective universities for promotion of education and research. He said that most of the PU students belong to the middle class and poor class. He said that PU was trying to ensure that no students had to discontinue higher education due to lack of money.
Prof Dr Mumtaz Anwar Chaudhry said that under the endowment fund, deserving students will be given scholarships as well as Qarz-e-Hasna for ten years. He said that providing financial support to deserving students through any means has become a challenge. He said that various organizations are providing financial assistance to students of PU. He said that the One Alumni- One Student program is also being launched under which one alumni will provide financial assistance for the education of incumbent students. He said that the Alumni Office has taken some important steps to strengthen ties with former students.

LDA launches online approval process for residential building plans

0
LAHORE, Aug 15 (APP):The Lahore Development Authority (LDA) has initiated a new online system for approval of residential building plans, aimed at enhancing efficiency and accessibility for citizens.
The move is part of LDA’s ongoing efforts to improve service delivery through the LDA Citizen Facilitation Centre (One Window Cell).
The LDA’s E-Service Centre has already received 12 online submissions of private scheme maps. The process now includes issuing challans and handling the entire approval process online, significantly reducing the need for physical interactions.
LDA Director General, Tahir Farooq, on Thursday reviewed the new online process at the E-Service Centre. Chief Town Planner II, Azhar Ali, and Chief Town Planner I, Asadul Zaman, provided detailed briefings to the DG regarding the new system’s functionalities and benefits.
In his address, DG LDA Tahir Farooq emphasized the importance of expediting the approval process for residential building plans. He urged that the online map approval system be promoted further, with a plan to eventually phase out the physical submission and approval system.
The DG also examined the daily applications received at the Citizen Facilitation Centre and addressed concerns raised by overseas Pakistanis visiting the centre. The Director of the Citizen Facilitation Centre (One Window Cell) provided an update on the ongoing reforms and the centre’s operations.
This shift to an online system is expected to streamline procedures, reduce processing times, and enhance the overall experience for applicants.

Rupee remains unchanged against dollar

0
ISLAMABAD, Aug 15 (APP):Pakistani Rupee on Thursday remained unchanged against the US Dollar in the interbank trading and closed at Rs278.70.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.30 and Rs 280.40 respectively.
The price of Euro increased by Rs 2.35  to close at Rs 306.87 against the last day’s closing of Rs 304.52, according to the State Bank of Pakistan (SBP).
The Japanese yen came up by 01 paisa and closed at Rs1.89, whereas an increase of Rs 1.25 was witnessed in the exchange rate of the British Pound, which traded at Rs358.08 as compared to the last day’s closing of Rs 356.83.
The exchange rate of the Emirates Dirham remained unchanged to close at Rs 75.87 and the Saudi Riyal increased by 04 paisa and stood at Rs74.27.

Pakistan to declare Snow Leopard as Int’l symbol of Climate Adaptation

0
ISLAMABAD, Aug 15 (APP):Coordinator to the Prime Minister on Climate Change, Romina Khursheed Alam, during “Pakistan Wildlife Protection Awards, 2024” ceremony reaffirmed Pakistan’s commitment to designate the snow leopard as an international symbol of high mountain ecology and climate adaptation.
This declaration highlights the nation’s dedication in combating climate change and preserving its unique wildlife, a news release said.
The upcoming Conference of the Parties (COP29) of the (UNFCCC) United Nations Framework Convention on Climate Change, scheduled for November 11-22, 2024, in Baku, Azerbaijan, provides a prime opportunity to promote the snow leopard as a global symbol of high mountain ecology and climate adaptation.
During the 8th Global Snow Leopard and Ecosystem Protection Program (GSLEP) steering committee meeting in Samarkand in March 2024, the committee reaffirmed the significance of the snow leopard in high mountain ecosystems. It was agreed to request the UN Secretary-General to officially recognize the snow leopard as a powerful international symbol of high mountain ecology and climate adaptation.
Asia’s high mountains, often referred to as the “third pole of the Earth,” are home to the world’s 14 highest peaks and are experiencing warming at twice the rate of the Northern Hemisphere. This accelerated warming is impacting glaciers and ecosystems across regions including the Himalayas, Hindu Kush, Pamir, Tien Shan, Altai Mountains, and the Tibetan Plateau.
Pakistan, which is one of the five countries most vulnerable to climate change and steward of 80,000 square kilometres of snow leopard habitat, has seen significant glacier retreat over the past two decades–affecting agriculture, water supplies, hydroelectric power, and wildlife habitats.
Romina Khursheed Alam emphasized the need for both national and international cooperation to tackle climate change challenges. “Climate change poses a significant threat to our ecosystems and wildlife. Rising temperatures and extreme weather events are altering habitats and putting pressure on vulnerable species.
We must strengthen our conservation efforts and work together to mitigate these impacts,” she stated. Romina further highlighted that “recognizing the snow leopard as an international symbol of climate change resilience will enhance Pakistan’s image as a nation demonstrating sustainable and harmonious development with nature”.
Dr. Muhammad Ali Nawaz, Director of the Snow Leopard Foundation, expressed gratitude for the motivation to perusing the recognition of the snow leopard as an international symbol. He emphasized the significance of this moment for wildlife preservation and noted that in 2007, Snow Leopard Foundation (SLF) Pakistan scientists tracked a snow leopard in Chitral, revealing the need for transboundary conservation efforts as the leopard traversed 1,600 square kilometres between Afghanistan and Pakistan.
Dr. Nawaz also highlighted the formation of the GSLEP in 2013, an alliance of 12 countries (Afghanistan, Bhutan, China, India, Kazakhstan, Kyrgyz Republic, Mongolia, Nepal, Pakistan, Russian Federation, Tajikistan, and Uzbekistan) committed to protect snow leopards and their habitats. Pakistan’s role in GSLEP underscores its leadership in wildlife conservation.
GSLEP Emissary and wildlife ambassador Sardar Jamal Khan Leghari expressed optimism about this initiative, stating that “it will reinforce efforts to protect the snow leopards and enhance Pakistan’s reputation as a leader in sustainable development”. He emphasized the urgent need for action to address climate challenges in the “Third Pole” region.
“Snow leopards, residing near snow-capped peaks, symbolize healthy mountain ecosystems, climate resilience, and biodiversity conservation. They play a crucial role in providing essential ecosystem services such as freshwater supply and carbon sequestration, benefiting billions of people downstream.” He stated.
Pakistan remains committed to its National Climate Change Policy, which seeks to balance economic growth with efforts to mitigate climate change, adapt to its impacts, prevent land degradation, and preserve biodiversity.

PSX witnesses bullish trend, gains 228 points

0
ISLAMABAD, Aug 15 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Thursday, gaining 228.56 points, a positive change of 0.29 percent, closing at 78,105.98 points against 77,877.42 points on the last working day.
A total of 591,065,051 shares were traded during the day as compared to 604,144,238 shares the previous day, whereas the price of shares stood at Rs 20.102 billion against Rs 19.981 billion on the last trading day.
As many as 442 companies transacted their shares in the stock market, 227 of them recorded gains and 162 sustained losses, whereas the share price of 53 companies remained unchanged.
The three top trading companies were Kohinoor Spinning with 91,017,452 shares at Rs 9.32 per share, Yousuf Weaving with 65,313,406 shares at Rs.6.49 per share and WorldCall Telecom with 60,620,909 shares at Rs 1.23 per share.
Hallmark Company Limited witnessed a maximum increase of Rs 48.97 per share price, closing at Rs 538.65, whereas the runner-up was Pakistan Engineering Company Limited  with a Rs 33.87 rise in its per share price to Rs 699.11.
PIA Holding Company Limited witnessed a maximum decrease of Rs 84.87 per share closing at Rs 883.73 followed by Nestle Pakistan Limited with Rs 47.50 decline to close at Rs 6,800.00.

Two ‘dacoits’ killed in shootout

0
FAISALABAD, Aug 15 (APP):Two alleged dacoits were killed in a shootout with Balochni police on Thursday.
The accused were identified as Atif alias Atti and Shoaib alias Shabi. Atif was wanted in 28 cases while Shoaib in 14. They had become a symbol of terror in the area.
According to police sources, four suspected persons were riding two motorcycles when a police team signaled them to stop near Maal Chak Takia Wala saim nullah, but they opened fire on a police party. In retaliation, two dacoits fled the scene while two others were killed by the firing of their accomplices, police claimed.
Police have collected forensic evidence from the site and started an investigation.