Tue. Aug 4th, 2020

Saima Iqbal

Saima Iqbal is a Fellow Chartered Accountant (FCA) and covers corporate news for Truestories.pk. you can reach her through saima.iqbal@truestories.pk
Minister for National Food Security and Research Syed Fakhr Imam disclosed that the Federal Government had written two letters to the PPP-led provincial government so as to release wheat from its official stock however the provincial government’s continuous and consistent snub in this regard was creating problems for the Center. Imam bashed that the wheat production during the last Rabi season ... Read More
Punjab Government’s announcement of locking down all markets in the province for 9 days (28th July to 5th August) executed anger among the traders who categorically rejected the decision and announced their plan of action to counter the government’s initiative. Trader leader Sharjeel Mir shared a video message which revealed that the traders supported the government when it earlier had announced ... Read More
NEPRA issued a show-cause notice to K-Electric (KE) for breaching its contract and ignoring its responsibilities that resulted in excessive power cuts this summer. The notice stated that since 2015, the KE imposed excessive load-shedding, made no attempt towards increase in power generation, underutilized the existing facilities and failed to upgrade distribution and transmission systems. KE is asked to respond to the notice within 15 days otherwise... Read More
Finally the Federal Government removed the Finance Advisor and the Finance secretary from the National Finance Commission (NFC) after facing legal challenges in various high courts on the constitution of the 11-member NFC on 12th May, 2020. After elimination of the mentioned two members, a fresh notification with 9-members and revised TORs was submitted to the Islamabad High Court... Read More
In recent development, the Sindh Building Control Authority (SBCA) on Tuesday told the Sindh High Court (SHC) that the Bahria Town Pvt Ltd had launched the “Bahria Greens” project without any NOC from the authority and all the construction activities at Bahria Town were illegal and unauthorized. The SBCA Deputy Director–design and complaint submitted the comments before court ... Read More
The All Pakistan Private Schools' Association had been trying to seek attention from the government side regarding the closure of educational schools on account of Covid-19 pandemic; that had brought a huge financial loss to the owners on one side while on the other side deprived thousands of private teachers from their jobs.... Read More
Finally the National Price Monitoring Committee (NPMC) on Friday took notice of the price elevation of poultry products and instructed the provincial governments to take immediate steps to ensure the smooth supply of these items at controlled rates. Headed by the Additional Secretary Finance Dr Arshad Mehmood, the meeting also discussed price trend of essential food items. It was briefed that ... Read More
K-Electric’s chief executive officer Moonis Alvi revealed on Wednesday that the loadshedding being executed in Karachi was under the National Power Policy 2013 and the power theft was the major reason for prolonged power outage. He however claimed that even in areas of high power theft, the loashedding hours were restricted to maximum eight hours and the details of loadshedding schedules could ... Read More
The issue of fake and dubious licenses of Pakistani pilots has been the talk of the town for a number of days that resulted in brining humiliation to the country on one side but at the same time endangered the jobs of various Pakistan based pilots who had been working in the foreign airlines. The matter came into limelight when the Aviation Minister Ghulam Sarwar broke that 262 pilots of ... Read More
The additional secretary petroleum who is also a director of board, informed the meeting that although the federal cabinet had approved the name of Rizwan as chairman, he could not be elected as chair for not being the director of board anymore. He therefore suggested the board elect Roohi as chairperson and take an ex-post facto ... Read More