Fisker is in “advanced discussions with financial stakeholders” over the sale of its assets, according to a company statement announcing the bankruptcy proceedings published overnight into Tuesday. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” it added. Fisker has […]
The ruling was announced by the LHC bench hearing pleas seeking the court’s intervention to curb smog. Justice Shahid Karim resumed the hearing on the plea of citizen Haroon Farooq and others. The LHC ordered traffic police to launch a crackdown on smoke-emitting vehicles to address environmental pollution issues. Motorway police were also directed to […]
Finance Minister Muhammad Aurangzeb chaired the meeting. According to sources, a notification for the dissolution of these boards will be issued after the Cabinet ratifies the decision. The committee has approved the formation of new boards for nine out of the eleven state-owned power companies. The Cabinet Committee’s approval came on the recommendation of the […]
The bench comprising Chief Justice Qazi Faez Isa and Justice Naeem Akhtar Afghan conducted the first hearing on the ECP’s appeal against the decision of the single-bench of the Lahore High Court (LHC) about the eight election tribunals in Punjab. The LHC had ruled on May 29 that under Article 219(C) read with Article 222(B) […]
According to the official statement by the World Bank, the first project, worth $400 million, will focus on reducing the impact of climate change in Pakistan, particularly in the agricultural sector. The funds will be used to improve crop yields and protect the sector from the effects of climate change. The second project, worth $135 […]
According to the reserved verdict, LHC Chief Justice Malik Shahzad Ahmad Khan issued show cause notices to the Sargodha RPO Counter-Terrorism Department CTD regional officer DSP and SHO for contempt of court – seeking their explanation by June 27. He also scheduled the next hearing of the case before LHC’s Justice Shahid Karim. On June […]
Robbers entered a gas filling shop at Korangi Coast Guard Chowrangi and opened fire during resistance, killing Zafar and injuring his son Wahab. Police reported that the injured Wahab managed to seize the pistol from the robbers and fired at them, causing both robbers to flee the crime scene. The injured robbers went to Jinnah […]
The two-member bench of the Supreme Court, led by Justice Isa and Justice Naeem Afghan, heard the Election Commission’s appeal. The commission’s lawyer, Sikandar Bashir, and PTI lawyer Salman Akram Raja appeared before the court. At the outset of the hearing, Chief Justice of Pakistan (CJP) Justice Qazi Faez Isa expressed his concerns over the […]
In response to media queries regarding the statement made by the Indian Ministry of External Affairs on June 3, the Foreign Office Spokesperson in a press statement said that the Kashmir dispute has been on the agenda of the UN Security Council for over seven decades. The relevant Security Council resolutions stipulate that the final […]
Over Rs800 billion budget will be presented by Provincial Finance Minister Mir Shoaib. Sources privy to the development said over Rs100 billion will be allocated for education, while Rs61 billion will be kept for health. The salaries of the employees will be raised as per the formula of the federal government govt, the sources said. […]
