Cash bleeding SOEs face loss of Rs429b in two years I
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March 9, 2021
ISLAMABAD: Pakistan’s State-Owned Enterprises (SOEs) continued to face accumulated cash bleeding in the last two fiscal years (the financial year 2018 and FY2019) to the tune of Rs429 billion. The net losses of SOEs stood at Rs286 billion during FY2018 that were reduced to Rs143 billion in FY2019, so in totality these losses accumulated to Rs429 billion at the cost of the national exchequer.
The SOE’s annual report for the fiscal year 2018-19 released by the Ministry of Finance states that the overall losses were the highest in FY2018, amounting to Rs286 billion, which were curtailed to Rs143 billion in FY2019. This improvement in the financial performance of SOEs was mainly due to the reduction of losses in the power sector of selected SOEs during FY2018-19.
09 Mar 2021 - 9:15
Salah bin Ghanem Al Ali, Chairman of Board of Directors, and other officials during Ordinary General Assembly Meeting of Barwa Real Estate Company held yesterday.
The Peninsula
Doha: Barwa Real Estate Company held its Ordinary General Assembly Meeting virtually yesterday. The meeting, chaired by Salah bin Ghanem Al Ali, Chairman of the Board of Directors, approved the proposal of the Board of Directors to distribute cash dividends at the rate of QR0.125 per share (12.5 percent of the nominal value of the share) with a total of QR486.4m.
During the meeting, Salah bin Ghanem Al Ali, Chairman of the Board of Directors, reviewed the report of the Board of Directors, which included a comprehensive overview of the company’s activities, performance, consolidated financial statements for the year 2020, as well as its future plans.
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Biden approves federal aid request for Louisiana after winter storm
1 month 1 week 4 days ago
Tuesday, March 09 2021
Mar 9, 2021
March 09, 2021 11:30 AM
March 09, 2021
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Source: WBRZ
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BATON ROUGE - Those impacted by last month s winter weather may now be eligible to receive federal aid through FEMA.
President Joe Biden s staff announced Tuesday that the White House approved Governor John Bel Edwards major disaster request, weeks after the winter storm that swept through southeast Louisiana Feb. 15. The ice storm temporarily shut down several major roadways and knocked out power for hundreds of thousands of people across the state for several days.
Parishes covered in the request include Avoyelles, Bienville, Bossier, Caddo, Calcasieu, Catahoula, Claiborne, Concordia, DeSoto, East Baton Rouge, Franklin, Grant, LaSalle, Madison, Natchitoches, Ouachita, Rapides, Red River, Richland, Sabine, Webster, West Carroll, and Winn.