Minister: (Govt taking measures for solution of smog: Amin)

Lahore:Prime Minister’s Advisor on Climate Change, Malik Amin Aslam has said that the government is taking serious measures for permanent solution of smog issue.

Addressing a news conference in Lahore on Monday, he said that due to government’s measures, the smog issue in Lahore has been mitigated.

He said that talks have been held with brick-kiln owners to control the pollution issue.

Malik Amin Aslam said that ten thousand brick kilns will be upgraded with World Bank’s cooperation.

The Advisor said notices have been issued to more than three thousand steel mills while have been cases registered against more than six hundred persons, who burnt their crops.

He said that electrical vehicles will be introduced to control air pollution.

26 judges promoted to BPS-20

Karachi:Sindh High Court with approval of the competent authority i.e. Sindh Chief Minister promoted twenty six (26) Senior Civil Judges /Assistant Sessions Judges (BPS-19) in order of their seniority as Additional District and Sessions Judges (BPS-20) with effect from date(s) the officers assume the charge of the posts.

They will be on probation for a period of two years.

PTCL injects Rs4bn in U Microfinance Bank for growth

KARACHI:Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for PKR 4 Billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the bank to further capitalize on the growth opportunities possible in Pakistan’s microfinance sector.

In the constantly changing competitive landscape, this Tier 2 facility will enable U Bank to expand its current customer reach for serving the under-served population. U Microfinance Bank plans to utilize these funds in its business operations and expansion plans. Serving its customers through disruptive innovation and digitization, the bank will focus on achieving its growth targets.

Not only will it enable the bank to utilize additional capital with flexibility as it grows, the debt amount will also contribute towards U Bank’s Supplementary/Tier 2 Capital for Capital Adequacy Ratio (CAR) as per the guidelines for Microfinance banks that are set out by State Bank of Pakistan (SBP).

On the occasion, Dr. Daniel Ritz, President and CEO PTCL, and Chairman U Microfinance Bank, said, “Seeing the potential in U Microfinance Bank’s ability to further expand and grow, PTCL has taken the decision to further inject Tier II capital into the bank. This is in line with PTCL’s commitment to support Pakistan and its economy as a whole.”

Expressing his views, U Microfinance Bank’s President and CEO, Kabeer Naqvi, said, “U Microfinance Bank has been successfully enabling underserved Pakistanis and has been positively contributing towards poverty alleviation and economic empowerment. This Tier 2 injection is a testament to our sponsor’s confidence in our ability to deliver positive results. It also reiterates PTCL’s commitment towards contributing to the economic uplift and enablement of Pakistan.”

Currently, U Microfinance Bank serves more than 850,000 customers, where 22% of the served customers are women. By the end of 2018, U Bank’s deposit portfolio grew from PKR 11.97 billion to PKR 19.0 billion, while the loan portfolio grew from PKR 10.6 billion to PKR 17.0 Billion. Most significantly, the number of employees increased from to 1,321 to 1,980, where 9% of the total work force comprises of women.

PTCL and U Microfinance Bank are at the forefront of fighting poverty in Pakistan and will continue to play their role in improving the economic situation of the people of Pakistan.

President inaugurate Jamil Naqsh exhibition

Karachi:President Dr Arif Alvi said that aesthetic expression adds more value to a culture, by raising awareness in the society about social-justice and harmony, quality of life, patriotism, etc.

He stated that rich history of South Asia and the centuries old traditions of Pakistan have grown out of the world’s oldest civilizations like Mehergarh, Mohen-jo-Daro and Harappa.

These ancient archaeological sites are priceless treasures for our nation and must be preserved at all cost. This inspirational heritage must also be shared with the global art community, by portraying it through artistic ambassadors, like Jamil Naqsh, he added.

The President said this while addressing the inauguration ceremony of Paintings exhibition at Jamil Naqsh Museum titled “Fisher Woman of My Moenjo-daro” today.

The President highlighted that masterpieces created by our contemporary painters, sculptors, writers, musicians, culinary experts and other artists are also appreciated globally, as these arts and crafts beautifully reflect the refined talents, scenic-landscapes and diversity of experiences offered by this land.

He underlined that despite the exposure to technological advancements, professional migrations and geo-political diversity, our people have remained connected to their strong roots in this fertile soil. Our distinct culture has been nurtured with strong relationships of humanitarian love, while our food and flavours also carry the aroma of generous hospitality, he said.

The President also expressed his admiration for Mr. Jamil Naqsh – who has earned international fame along-with the “Pride of Performance” award in 1989 and the “Sitara-e-Imtiaz” Award in 2009. He added that his work depicts the different aspects of our society, with deep insights to enrich the minds of his audience. He stressed that we must take more opportunities to celebrate the accomplishments of our national heroes, who are portraying a softer image of Pakistan, with their great successes in every arena, around the world.

The focus of this exhibition is to highlight the lifestyle romantic charms of the Indus valley civilization, which continues to attract and amaze many great archaeologists and scholars of arts and cultures, from all over the world. One prominent element in the creative legacy of Naqsh, is the female face and form. He has now redefined the classic bronze sculpture of the ‘Dancing Girl of Mohen-jo-Daro’ – portraying her as a ‘Fisherwoman’.

His theory is; “This civilization flourished along the Indus River, back in the year 2500 BCE, so their primary occupation was fishing”. This series of paintings also features other creatures and ancient composite artifacts of Mohen-jo-Daro, like the ‘Fish’ and the ‘Bull’, along with several ancient ‘Scripts’ found in this archaeological site.

1st synchronization of China Power Hub Generation project achieved

Karachi:China Power Hub Generation Company (Pvt.) Ltd. (CPHGC) achieved yet another very important milestone when Unit 1 of the 2X660MW Coal-Fired Power Project successfully synchronized with the National Grid System on 28 December 2018. The Plant has now started supplying electricity to the Pakistan National Grid on pre-commissioning trial basis.

Synchronization of Unit 1 was achieved ahead of schedule and was realized within the agreed technical parameters. Unit 2 of the Project is in line for synchronization in the first half of 2019.

Success of the Unit 1 synchronization also lays foundation for future commercial operations of the Project which are planned to start in August 2019.

Speaking at the occasion, an ecstatic Mr. Zhao Yonggang, CEO, CPHGC, congratulated the CPHGC team, highlighting that the achievement of this and other milestones was the result of the hard work of both the Pakistani and Chinese employees who are working in harmony to bring success to the Project.

China Power Hub Generation Company (Pvt.) Ltd. is the first overseas thermal power project developed by SPIC under the Belt and Road Initiative. The 2X660MW Coal-Fired Power Project is a priority project under the China Pakistan Economic Corridor and is also the first overseas thermal power project developed by SPIC under the Belt and Road Initiative,” said Mr. Yonggang.

Located in Hub, Balochistan, the CPHGC Project is a Joint Venture Vehicle between CPIH (the Chinese state-owned company) that owns 74% of the Project and HUBCO that owns 26%. The Project despite the much higher cost has adopted supercritical technology for environment protection, as this technology requires reduced coal consumption and has lower carbon emissions thus improving its economical, energy-conserving and environment protecting features.

The USD 2 billion Project includes a power plant and a dedicated coal Jetty. During commercial operations, the project will provide 9 billion kWh electricity to the National Grid every year which will meet the electricity needs of 4 million households in Pakistan.

The CPHGC 2X660MW Coal-Fired Power Project officially had its ground breaking on March 21, 2017. It is expected to be fully operational in August 2019, after which the Project will effectively alleviate a substantial part of electricity shortage in Pakistan and promote local social and economic development.

BIEK first year mark sheets ready

KARACHI:Board of Intermediate Education Karachi (BIEK) has announced that Intermediate (first year) Pre-Engineering group 2018 mark sheets are ready.

A BIEK release said representatives of Colleges and Higher Secondary Schools are required to bring authorization letters from their respective Principals to obtain mark sheets from related section of the Board.