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Cash bleeding SOEs face loss of Rs429 bn in two years II
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March 10, 2021
ISLAMABAD: The line ministry for all SOEs in the oil and gas sector is M/o Energy. The Petroleum Division of M/o Energy deals with oil and gas sector while the power sector companies are under the purview of Power Division. These include oil and gas (8), exploration & development (3), marketing & distribution (3), refineries (2). Overall, the oil and gas companies remain the backbone of the GoP SOE portfolio and have consistently remained on the forefront of new exploration initiatives, even in the frontier areas. It is expected that with enhanced pricing initiatives and improved law and order situation, the oil and gas entities will fare better in the years to come. Overall, this sector witnessed 26 percent increase in net revenue compared to the last year. The net profit stands at Rs242 billion with sub sector exploration leading with net profit of Rs212 billion.
KARACHI: In a thinly veiled criticism directed at the Pakistan Peoples Party government in Sindh for ‘intentionally neglecting’ municipal bodies in the country’s commercial capital, senior figures of the Pakistan Tehreek-i-Insaf said on Sunday that the federal government was working beyond its constitutional responsibility since it understood the importance of Karachi in national development.
The criticism came from federal Minister for Planning and Development Asad Umar, Sindh Governor Imran Ismail and Maritime Affairs Minister Ali Zaidi at a programme held to hand over recently imported fire tenders to the Karachi Metropolitan Corporation (KMC) and other organisations.
Speaking on the occasion, Mr Umar said it was highly regrettable that the municipal corporation of a city like Karachi, which contributed more than 40 per cent taxes to the exchequer and over 90pc taxes to Sindh, did not have fire tenders and not even money to arrange diesel to run the fire tenders.
KMC receives 24 fire tenders
Former mayor lauds Centre’s move, but rues lack of drivers, funds to operate new fire trucks
KARACHI:
The much touted about fire equipment procured by the federal government was handed over to the Karachi Metropolitan Corporation and other bodies at a ceremony held at the Sindh Governor House on Sunday.
Addressing the event, former Karachi mayor Wasim Akhtar lauded the Centre s move and chided the Pakistan Peoples Party-led provincial government.
It is good news for Karachi that an effort has been made to improve the service of KMC s fire department, said Akhtar. It was the responsibility of the Sindh government but it did not pay attention to his request in this regard, added the former mayor, while thanking the federal government for taking the initiative.
Karachi to have 14 new fire stations, says administrator
They will be established under public-private partnership SAMAA | Web desk - Posted: Feb 15, 2021 | Last Updated: 2 months ago SAMAA | Web desk Posted: Feb 15, 2021 | Last Updated: 2 months ago
File photo
Fourteen new fire stations will soon be established in Karachi under public-private partnership, Karachi Administrator Laeeq Ahmed said Monday.
Last week, the Karachi Metropolitan Corporation received 48
fire tenders and two water bowsers from the centre. The KMC distributed 24 fire
tenders in different industrial zones.
âThe remaining 24 fire tenders and two bowsers were included
in the KMC fire brigade fleet,â Ahmed said.
The KMC Fire Brigade Department now has 46 fire tenders,