Jun 012017
 
Lawyers, pharmacists slam DRAP, health ministry for ?legalising corruption?

Islamabad: Addressing a joint press conference here on Thursday, office-bearers of the Pakistan Young Pharmacists Association (PYPA) and the Pakistan Drug Lawyers Forum (PDLF) accused the CEO of the… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Click for detailed story

May 282017
 
Karachi suffers massive power outages on first day of Ramazan

A spokesperson of K-Electric on Sunday said that efforts were underway to "normalise matters" after several areas of Karachi suffered a lengthy power breakdown starting in the early hours of Sunday.Reports of power outages started to roll in around the time the residents of Karachi prepared for sehri in the early hours of Sunday, the first day of Ramazan. Hours later, as the afternoon wore on, the issue had still not been resolved.Among the most-affected areas were Model Colony, Shah Faisal Colony, Malir, Gulistan-e-Johar, Gulshan-e-Iqbal, Azizabad, Malir, Landhi and Nazimabad.The Extra High Tension tripping of the Jamshoro 500KV transmission line was behind the breakdown, a K-Electric spokesperson said. He added that efforts were being made to return the affected areas to normality as soon as possible. Blackouts in other cities of Sindh Sindh Chief Minister Murad Ali Shah also took notice of power outages in Hyderabad and Sukkur, ordering Energy Secretary Agha Wasif to communicate with the CEO of the Hyderabad Electric Supply Company (Hesco) and the Sukkur Electricity Supply Company (Sesco) to ascertain the reasons behind the blackouts.The power supply companies had given assurances that loadshedding will not take place during the month of Ramazan, the CM recalled.Shah added that he had spoken with Water and Power Minister Muhammad Asif and remarked that the ongoing load-shedding is "cruelty towards the people [of Sindh]." Click for detailed story

May 052017
 
Six Pakistanis going for fellowship in Silicon Valley

LAHORE: Six participants from Pakistan will be joining Rajeev Circle, a prestigious fellowship, held every year in San Francisco. Two of them are from PlanX including Assistant Programme Manager and Head of Strategic Global Partnerships Eisha Zeb and founder of Campus Feed Qasim Salam. Other Fellows include Ali Murtaza of Makeistan, Usama Abid, founder and CEO at DIY GEEKS, Hina Tariq, COO at DIY … Click for detailed story

Mar 252017
 
Accountability

It is a very good idea of the PTI-led KP government to use board of directors consisting of professionals, to manage the companies run by the provincial government. But looking at the results of the past few years, I would think that this arrangement is not working as none of the companies have achieved any significant results. In the US, boards of directors manage companies. But the Enron scandal of 2001 shook that confidence up. It highlighted that those charged with governance can misuse their power. As a consequence a new law was passed that was called the Sarbanes-Oxley Act (Sox Act) to ensure the true and fair work of the board of directors and the audit companies. Heading the company as a board member is very important task and the people responsible should be punished accordingly if they fail. The PTI-led KP government is requested to enact laws that will hold the Board of Directors, CEO and senior managers of public companies responsible and punish them with strict laws if they fail to report mismanagement, corruption and even if the company fails because of bad decisions or members not attending meetings. Engr Shahryar Khan Baseer Peshawar Click for detailed story

Feb 072017
 
PIA pensioners

This is to draw the government’s attention to the injustice the retired employees of PIA have been made to face for a long time. PIA gives its employees 32 percent of their ‘total salary’ as pension but the pension formula – adopted in 2003 – calculates the rate of pensions on the basic pay. This is unfair. As per rules all other government organisations give their retired employees 50 percent of their salaries as pensions. This was also in practice at PIA until 2003. Now, the management should resort to that practice. The retired employees have been demanding since long that the airline should either give them 50 percent pension on the basic pay or make the 32 percent pension to be given on their total salaries without the said formula. Pensioners have been given a raise only once – in 2013. Also, the management should increase the pension of retired employees as per its circular No 21/2003 dated July 21, 2003. The circular clearly mentioned that ‘in future revision and suitable increase in pension shall be linked with salary revision of serving employees’. In July last year, the airline increased the salaries of its employees twice (October 2015 and January 2017) through admin order No 21/2016 (dated July 26, 2016) but no increase in pensions was made. The management should increase the pensions with the same ratio. It should be noted that the federal and provincial governments increase pensions around budget time. Recently, a delegation of retired employees of [Read More…]

Feb 032017
 
Trump slaps sanctions on Iran as tension mounts after missile tests

President Donald Trump raised the stakes in Washington's increasingly tense stand-off with Iran on Friday, slapping fresh sanctions on Tehran's weapons procurement network.Officials said the new measures were in response to Iran's recent ballistic missile test and its alleged support for Houthi rebels in Yemen, who recently targeted a Saudi warship.The sanctions do not, officials say, mark a retreat from US commitments under the Iran nuclear deal to lift measures targeting Tehran's alleged bid to build a nuclear warhead.But Trump has made no secret of his contempt for the accord, which his predecessor Barack Obama approved in July 2015, and officials said Friday's new measures would not be the last.“Iran is playing with fire — they don't appreciate how 'kind' President Obama was to them. Not me!” Trump tweeted Friday.US intelligence and Treasury officials are constantly scrutinizing Iran's networks, looking for evidence of extremist funding and advanced weapons procurement.The immediate trigger for the sanctions was Iran's test, on Sunday, of a ballistic missile that US officials judge to have been capable of one day carrying a nuclear warhead.But the latest detailed list of entities added to the list has clearly been in preparation for some time, and the White House has said “nothing is off the table” in dealing with Iran.“We are undertaking a larger strategic review,” a senior US administration official told reporters. “The launch of the missile was the triggering event.” Washington is also concerned about attacks by Houthi rebels, a powerful faction in Yemen's civil war which [Read More…]

Dec 302016
 

A Plan9/X alumni and one of the country’s most celebrated startup, Patari, announced on Friday that it secured $200,000 of seed stage funding from Sarmayacar, an investor syndicate. The announcement was made by Khalid Bajwa, Patari’s CEO, at the signing event in Lahore. “The partnership with Sarmaycar will allow Patari to scale up and truly unleash the massive potential inherent in the Pakistani music,” Bajwa said. Dr. @umarsaif extending his best wishes to @patarimusic and appreciating the faith that #investors put in these young #entrepreneurs pic.twitter.com/cSBpRQOy4I — Plan9 (@Plan9incubator) December 30, 2016 The signing event was attended by the Patari’s team, Chairman PITB Dr Umar Saif, founder of Sarmayacar Rabeel Warraich and many others. Dr Saif extended his best wishes to the startup and appreciated the faith that investors put in the young entrepreneurs who are trying their best to make a mark in the world. These three startups triumph Fintech Disrupt Challenge 2016 Patari launched its beta service in April 2015 via a guerrilla marketing campaign that quickly went viral. In September last year, the platform went live, rolling out mobile apps for iOS and Android in addition to its website. Speaking at the ceremony, Saramayacar founder said that he chose Patari because it is driven by a dynamic team that will help revitalise the demanded music industry of Pakistan. Director of Content at Patari Ahmer Naqvi went on to say that Patari “is a story of success not just for the music industry, but also an example of [Read More…]

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