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Cabinet body nods ‘restructuring process’ in PIA

ISLAMABAD: The Cabinet Committee on Privatization (CCoP), which met here at the PM Office on Friday with Prime Minister Shahid Khaqan Abbasi in chair, gave go-head to the proposal for initiating restructuring process in Pakistan International Airlines Corporation (PIA). The go-ahead was given after a detailed presentation on PIACL and the discussion that followed in the meeting which addressed issues related to PIACL and Pakistan Steel Mills (PSMC). It was decided during the meeting to segregate core and non-core…

No power shutdowns on account of uplift works in Ramazan: cabinet body approves

ISLAMABAD: Cabinet Committee on Energy (CCE) unanimously approved on Tuesday that no power shutdowns will be carried out on account of development works during Ramazan. The meeting chaired by Prime Minister Nawaz Sharif in Islamabad decided that factors including increase in use of electric appliances because of economic prosperity and behavioral patterns of power consumers should be included in the estimation of projected power demands. CCE accorded in-principle approval for establishment of a new LNG based 1,200 MW…

Cabinet body approves establishment of LNG-based power plant

ISLAMABAD: Cabinet Committee on Energy in its meeting in Islamabad today accorded in-principle approval for establishment of a new LNG based 1,200 MW capacity power plant. Prime Minister Nawaz Sharif chaired the meeting. The Prime Minister emphasized that pro-active planning should be exercised regarding power supply and demand. He said it is very unfortunate that planning by relevant authorities is undertaken without inculcating important contingency factors that could not be ruled out. He directed the Ministry of…