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K-Electric fined Rs2 mn over weak power supply system

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday imposed a fine of Rs2 million on the K-Electric. According to a statement issued by the power regulatory authority, the K-Electric was penalized over non-compliance of performance standards, particularly its failure to restore power supply within the prescribed time frame and to ensure the safety of public in Karachi. Quoting media reports, it said large swathes of Karachi remained without electricity due to the tripping of almost 700…

NEPRA impose Rs5million fine on K-Electric

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs. 5 Million on Karachi's electric supplier K-Electric Limited on "account of its failure to provide reliable power supply to consumers of Karachi on a nondiscriminatory basis", ARY News reported on Thursday. According to a statement released by NEPRA, K-Electric Limited was fined due to non-compliance of performance standards, distribution code and direction of the authority regarding provision of electricity to all consumers without…

Baby who fainted in PIA flight is fine now

KARACHI: The infant who passed out in a Pakistan International Airline (PIA) flight a few days ago was doing good, an official press release stated Thursday. “We are very happy to share that mummy and baby from flight PK750 are doing well,” said the release. Earlier, the PIA ordered an inquiry into the incident after it received huge backlash from the masses on social media after video of the incident was aired on social media as well as on TV news channels. “The inquiry for the incident is underway and strictest…

Trump slams record EU fine against Google

WASHINGTON: President Donald Trump lashed out Thursday after Brussels hit US tech giant Google with a record fine, and warned he would no longer allow Europe to take "advantage" of the United States. "I told you so! The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google," Trump tweeted in reaction to the 4.34 billion euro penalty imposed on Google for abusing the dominance of its mobile operating system. "They truly have taken advantage of the US, but not for long!" he said. In…

Facebook faces massive UK fine of around $660,000 after data scandal

LONDON: Facebook will be fined £500,000  in the U.K. after the country’s privacy watchdog said its data sharing scandal broke the law. The Information Commissioner’s Office (ICO) is hitting the social network with the maximum possible fine it can impose, for two breaches of the U.K.’s Data Protection Act. Facebook failed to safeguard people’s information, the ICO said and was not transparent about the way in which user data was harvested by others. “Trust and confidence in the integrity of our democratic processes…

Commonwealth Bank Of Australia Agrees To Pay Record $700 Million Fine

AUSTRALIA: The Commonwealth Bank of Australia will be forking over a record $700 million, the largest fine in Australian corporate history, to help settle money laundering charges that have beset the financial behemoth after drug dealers used its services to launder tremendous sums of money. According to AUSTRAC, the Australian government’s financial intelligence agency that helps prevent widespread money laundering, the trouble for CBA began after a drug syndicate exploited an error in the bank’s system to launder well…

Lodhran by-polls: PML-N, PTI fined for violating code of conduct

ISLAMABAD: The Election Commission of Pakistan (ECP) has fined the candidates of the Pakistan Tehreek-i-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) for violating its code of conduct for NA-154 Lodhran by-polls. The commission imposed a fine of Rs40,000 on PTI’s Ali Tareen while Rs30,000 on PML-N candidate Pir Syed Iqbal Shah. Both candidates were found guilty of flouting the code of conduct for the by-polls by arranging for members of the parliament to canvass for votes in the constituency. They were fined…

Virat Kohli penalised for aggressive on-field behaviour

Indian captain Virat Kohli has been penalised by the ICC for his behaviour with on-field umpire Michael Gough on the third day of the ongoing Test against South Africa in Centurion. Kohli has been fined 25 percent of his match fee and received one demerit point for breaching Level 1 of the ICC Code of Conduct. He was found to have breached Article 2.1.1 of the ICC Code of Conduct for Players and Player Support Personnel, which relates to “conduct that is contrary to the spirit of the game.” The incident happened on…

US regulator seeks to fine Pakistan’s HBL up to $630 million

ISLAMABAD: The New York State Department of Financial Services (DFS) is seeking to fine Pakistan's Habib Bank nearly $630 million over what it calls "deficiencies relating to compliance with state and federal laws" at the bank's only US branch, ARY News reported on Monday. The move is being termed as an attack on Pakistan's financial institutions after US President Donald Trump's August 22 speech, in which he overlooked Pakistan's sacrifices in war on terror and instead accused Pakistan of "sheltering terrorists".…