Local Manufacturers and Dealers Are Concerned

Local Manufacturers and Dealers Are Concerned
Except for large importers and assembly companies of domestic home appliances, local manufacturers and dealers are concerned that sales will slow from July, blaming high prices and tax measures. They also reported that the freezer and refrigerator sales failed this year even in Eidal Azha (August 12-14) this month after the slaughter of sacrificial animals was reduced. Moreover, from April to August, demand for air conditioners did not increase rapidly even in hot weather.

A reference to air conditioning sales

An executive of a company based in Lahore, found that AC sales fell 20-30% between July and August due to higher prices and some compared to the same period last year. For dealers, sales of more than 50,000 rupees, taxation measures taken by the government in the budget FY20, as in CNIC terms. He said AC prices have risen by at least 8,000-9,000 over the past year because of the rupee depreciation against the dollar. He said no company employees or employees have been sent home until now, reducing production and job losses.

As with many companies, we have revised our sales target this year by anticipating that the market situation will fall, in addition to reducing output on demand. However, many companies added that they would keep production low because they still had stocks that were not sold last year. Our company reduced margins and did not fully communicate the impact of exchange rates to consumers in order to maintain some margins. His company predicts that sluggishness will continue throughout this fiscal year.

Air conditioning sales fell 1.37pc from FY19 to 512,841 units. In contrast, the B2B Solutions division, LG Pakistan, and Syed Farrukh Raza Alam, said July-August sales of AC, washing machines, TVs, double-door refrigerators, etc. increased 15-20%, but were better than in the previous year. Price for the past year. His inverter AC sales were also active. He is currently assembling LED TVs in Pakistan and plans to launch locally produced air conditioners and washing machines next year.

According to official statistics

However, he said that imports of fully assembled (CBU) units of various items have declined because of the lack of inventory of previous imports on the market and imports of consumer electronics due to issues related to tariffs and taxes. According to official statistics, the total local production of FY19 TVs increased 3.3pc to 380,559 units. Mohammad Rizwan Irfan, Chairman of the Karachi Electronics Dealers Association (KEDA), said that in the past two months, freezer and refrigerator sales have risen by 15-20pc over the past year, while low slaughter of sacrificial animals has led to buyers moving away from 50pc in the past two months

A sharp drop was reported. In the market. He said the cooling unit sales stagnated despite the wedding season between Eid and 1st Muharram. He said CNIC's terms and sales tax registration process have already caused unrest among dealers and manufacturers. Liz Wan says many companies have stopped supplying consumer electronics after various taxation measures, while many dealers are not taxpayers. According to statistics from the Pakistan Bureau of Statistics (PBS), refrigerator production jumped 24pc from FY19 to 1,093 million units, while FY19's freezer sales jumped 39pc to 186,545.

Karachi, a sales representative for a home appliance manufacturing company based in Lahore, said that overall sales of home appliances have declined 20-25pc over the past two months due to high prices. Despite repeated attempts, officials in Dawlance Pakistan did not respond to Dawn queries.

In the first two months of the current fiscal year

The private sector's credit deduction was negative, indicating that companies are heavily lending rather than borrowing investment or working capital requirements. State bank's latest data show that the private sector credit has reached RMB 8.7 billion by August 30 for net borrowings of R39 billion in the same period of last fiscal year. When contacted by the Commercial Bank, the situation was clear at the end of the first quarter when contacted, but thought it was a major cause of slowing economic growth and repaying private sector credit with low borrowing costs.

He said the private sector is still borrowing from banks, but that amount is lower than debt retirement. Bankers said the government is making more money in the private sector, while providing attractive participation in debt auctions, while also drawing strong participation. Both conventional and Islamic banks were faced with increasing debt repayments. The existing bank's debt disposal figures were 88.1 billion rupees for two months (July-August) against net borrowings of 250 billion rupees in the same period last fiscal year.

It clearly indicates that the situation has changed significantly from the last fiscal year. But for Islamic banks, the amount of debt was increased this year compared to the amount of debt in the last fiscal year. Islamic banks recorded net retirement of 19 billion rupees compared with net retirement of 6.5 billion rupees.

For Islamic bank branches of existing banks, only the unchanged situation was noted. At this point, the private sector borrowed increased to 16 billion rupees, compared to 3 billion rupees borrowed in the last fiscal year during the first two months of the last fiscal year.

The highest week in 10 years

The euphoria over the surprising rally last week was unsustainable in the outgoing week, when the KSE-100 index recorded a record increase of 2,585 points (9%), the highest week in 10 years. As the KSE-100 index plunged 1,678 points (5.35pc) and fell below 30,000 levels at 29,672 points, the stock regained almost 62pc of its previous profit. By the way, the benchmark index closed negative for seven straight months and fell 6.8pc in August, the biggest drop this year. Placing Pakistan on the Asia Pacific Group's' Enhanced Prompt Follow-up List 'on August 23 buffered investors' sentiment and the market closed its first trading session in red.

In addition, the potential sale of 10pc shares of Pakistan Petroleum (PPL) and 7pc shares of Oil Gas Development Company (PGDC) has a high share of the index and put additional pressure on the index. Geopolitical tensions have also hit the market. The main positive of the week was the introduction of the government's presidential ordinance to exempt 50pc of government infrastructure development tax on delinquency of CNG, power, fertilizer and industrial gas consumers. 

Disadvantages of sales tax, subsidies and tariffs you may receive from the government. Development was primarily positive in the fertilizer sector and alleviated the overall market downturn. Over the past month, foreign exchange reserves have surpassed 4pc and participated in the 12-month Treasury bill, indicating that market expectations for interest rates have peaked.

Average daily trading volume recorded 126 million shares, down 29pc per share, and the average value traded decreased to 29m, down 23pc year-on-year. LOTTE Chemical is K-Electric's 53.63 million shares, 34.86m flashlight, 29.68m maple leaf cement plant, 25.22m Unity food, 21.55m OGDC, and others. Foreign banks have been witnessed in commercial banks at $ 2.0m, and in technology and communications at $ 1.0m.

The main sale on the domestic front

The main sale on the domestic front was reported at $ 13.5 million by mutual funds, individuals bought $ 8.1 million and banks $ 2.6 million. Sectoral negative contributions came from 519 points for oil and gas exploration companies, 400 points for commercial banks, 160 points for oil and gas marketing companies, 139 points for cement and 216 points for power generation and distribution. The wise delay was 247 points for OGDC, 193 points for PPL, 134 points for Habib Bank Ltd, 79 points for Bank Al Habib Ltd and 63 points for Pakistani national oil.

In the future, the market is likely to be affected by several factors. The Financial Action Task Force meeting will be held in Bangkok on September 5 to discuss Pakistan's progress on terrorist financing. The meeting results set the direction of the market. Investor confidence will lag behind August inflation figures. They will determine the latter monetary policy outlook, which will eventually affect market behavior. 

Progress on the government's 200 billion-seat issuance plan to address the power sector's issue could improve sentiment, while deep discounts on local peers in Pakistan stocks have the opportunity for foreign investors to accumulate to current levels provide.
Continue

The Five Year Strategic Trade Policy Framework

The Five Year Strategic Trade Policy Framework
The Department of Commerce delayed the completion of the five-year Strategic Trade Policy Framework (STPF) document proposed to improve the export competitiveness and productivity of the domestic industry, despite clear instructions from the Prime Minister. Prime Minister Lim Lan Khan has instructed the Commerce Department to draw up a five-year plan, which is the deadline of December 31, 2018, to facilitate exports. But not only did the department miss the deadline in nine months, but also put the entire process into the cold burner.

The range of $ 200 to $ 25 billion

This policy is expected to help the country's exports, which have remained in the range of $ 200 to $ 25 billion over the last decade and have declined over the past few years. According to the official documentation provided with us, the department has almost completed the preliminary work on the draft and found feedback from all stakeholders. Despite several attempts to contact the director to find the official stance on STPF's delay reasons through his cell phone, he did not receive any answers until the story was finished.

Similarly, an official spokesman for the ministry, Muhammad Ashraf, did not respond to written questions. Over the past decade, the Department has notified three STPFs each in 2009-12, 2012-15 and 2015-18, but none of these have been successfully implemented to achieve the desired goals for various reasons. In addition, policy has not changed the export paradigm over the past decade. The 2009-10 STPF failed mainly due to mismanagement.

But the 2012-15 framework struggled because the government failed to free up its allocated funds. In addition, in 2015-18, the STPF was announced after a delay of more than nine months, and the government suffered a fiscal crisis because it did not release its total budget of 200 billion rupees (Rss) of 500 billion rupees (Rss). The final goal of the last STPF was to increase the country's annual export to $ 35 billion by 2017-18.

Competitiveness trade-related investment

The new framework is expected to be centered around four pillars: competitiveness, trade-related investment, production refinement and diversification and trade promotion. The ultimate goal of this policy is to increase exports to a minimum compound annual growth rate of 12pc per year until FY23. Official documents, meanwhile, assume that if the government does not take timely corrective action, it will pose a serious threat to the country's export sector.

One of the major threats faced by exports has been the absence of active industrial policies since the 1990s, which has led to deindustrialization, with tax burdens of more than 58pc on the manufacturing sector, high energy costs, and high tariffs on industrial inputs. In addition, the export sector faces sectoral distortions over the years, with exports concentrated on three major commodities: cotton, rice and leather. Other distortions include carnivorous cotton and cotton water resources by sugarcane crops.

As a result, annual cotton production has been reduced by four to five meters below the target, and Pakistan continues to produce surplus sugar, which is not competitive in the international market due to the procurement price mechanism. Review studies of the past three STPFs have identified various shortcomings in the implementation of the proposed framework. One of the main interventions in the policy was to expand to export companies without connecting cash aid to increase competitiveness.  This increased the number of decaying vases.

Introduced reforms to existing trade aid agencies and attempted new reforms where institutional gaps exist. But the results were mixed and not greatly inspired. In addition, the restructuring movements of existing institutions, such as Pakistan's Trade and Development Bureau, have faced strong resistance to the change and establishment of new institutions due to internal bureaucratic obstacles of new institutions, the Exim Bank and Land Port Authority.

After a sharp deal

Stocks closed the week with positive notes by encouraging news flows to convince investors to varying levels. The KSE-100 index rose 795 points (2.68%) per week and was settled at 30,467 points. The rally was built to rejuvenate the capital market and promote the ease of doing business, based on SECP's major reforms announced last weekend. In addition, due to changes in the CPI methodology, the market was lower than expected at 10.49pc in August to increase the likelihood of policy rate cuts.

There were not many improvements that could absorb liquidity in the market in rupee dollar parity, gold prices and bank's fixed income revenue and national savings schemes. The third trading session also witnessed the withdrawal of the signed Presidential Decree to give up 50pc of outstanding GIDC overdue from CNG, power, fertilizer and industrial gas consumers. In addition, meetings with the prime minister and entrepreneurs bolded investors to stimulate economic activity.

At the end of the deal on the last day, there were reports that the IMF's mission was to go to Pakistan and hold financial indicators, but the government explained that there was no reason to be alerted by routine visits. Finally, SBP's foreign exchange reserves increased for three consecutive weeks (even in small amounts), which was a great help considering the downward movement for several weeks.

Foreign investors abandoned $ 5.32m of shares in the outgoing week (4 days), compared to net purchases of the previous week (0.97m). Major foreign sales were witnessed at commercial banks, which cost $ 3.05m, $ 2.44m for cement and $ 2.4m for oil and gas. Locally, other individuals with purchases of $ 6.15m have reported $ 4.10m.

The daily average turnover rate

The daily average turnover rate for outgoing states fell 24.9pc per week to 93m, while the average trading value was 23pc, down 23.3m. Volume-driven screening included MLCF (7.17m stock), WTL (4.58m stock), OGDC (4.22m stock), DGKC (2.66m stock) and PAEL (2.64m stock). The main issue that can determine the direction of the market is to discuss Pakistan's terrorist financing control process in accordance with FATF's decision at a meeting held in Bangkok from September 9 to 10.

Determines whether a country remains on the gray list or black list. IMF staff will visit Pakistan on September 17. Optimists expect the Bank of Pakistan to cut interest rates based on August inflation. The monetary policy statement closes on the last week of this month.

The main indicator used by state banks

The CPI, the main indicator used by state banks in determining interest rates, came in at 10.5% during the month of August after the Pakistan Bureau of Statistics (PBS) revised its method. Important indicators are calculated. The CPI inflation rate increased 10.5pc year-over-year in August 2019, compared with 8.4pc last month and 6.2pc August," PBS said. In the new base year. PBS has changed the base year for price statistics from 2007-08 to 2015-16.

The change in the base year means that the price level obtained in the FY16 economy will now be the basis on which all existing prices are calculated for the CPI calculation. Following FY08's previous year, which has been used to determine CPI so far, the major inflation index increased 11.64pc during the month of August to 1.64pc during the month of July. But according to the new base year, the July CPI will be 8.4pc.

In addition to reversing

PBS has changed the weight assigned to various consumer items in CPI baskets and introduced new price panels that can be obtained in urban and rural areas. “The Urban CPI includes 35 cities and 356 consumer goods. Rural CPI covers 27 rural centers and 244 consumer goods. From now on, the CPI is calculated as the weighted average of urban and rural prices. The weight assigned to houses, water, electricity, gas and other fuels has been significantly reduced, as well as transport.

Meanwhile, the weight assigned to restaurants and hotels increased significantly, as well as the category classified as "other goods and services". Weighting is assigned based on data from the household consumption survey. The data showed that the price increase between July and August was dominated by chicken, onions, tomatoes, and vegetables, and in urban and rural areas, the rate of double-digit price increases both rose to two orders of magnitude.

The only item that showed a two-digit percent decrease during this period was fresh fruit. But compared to last August, the price increase is much clearer. Gas prices were found to increase 114pc this time in urban areas, 75pc for chicken and 61pc for onions. Rural areas have seen the greatest price increases in foods like onions, chicken and pulses during this period.
Continue

The National Power Authority on Friday

The National Power Authority on Friday
On Friday, the National Power Authority (Nepra) officially held K-Electric for 19 of the 35 people who died of electric shock in Karachi after taking two showers in July and August, and filed a lawsuit against the power company. it started. However, K-Electric said that unfortunate accidents occurred mostly at home due to incorrect wiring, incorrect connections, incorrect placement of cable TV and Internet cables on the wires, flooding and waterways around the power plant.

According to the Nepra statement

According to a report of the Commission of Inquiry, KE is responsible for 19 out of 35 cases of electric shock and for long periods of power outages. This charge. Last month, under the 27-A section of the Nepra Act 1997, the Investigative Committee, organized by Nepra, submitted a post-investigation report on power sites where detailed site visits and deaths were reported. The regulators said they were investigating the loss of lives due to electric shocks and power interruptions during heavy rains in Karachi on July 29-31 and August 10-12.

The National Power Regulatory Authority decided to initiate legal action against K-Electric in 1997 under provisions relating to the Nepra Act. K-Electric blames city floods due to rain and aggression around power facilities. Saffrad Akram Nepra spokesman said the investigation team found a case of KE violations in which the utility failed to submit an immediate report to the regulatory body in Sections 4 (g) and 7 (3) b of the Performance Standards and Distribution Rules for Current Leakage. 

Found that. . He also said that the company turned out to be in violation of the distribution code. He explained that if the current leaked out of the LT pole, it was not properly grounded. The investigating committee pointed out that after the rains of July 29-31, 18 incidents involving 19 deaths were reported and K-Electric was responsible for 12 deaths. The case included the events of two boys, which were widely disseminated on social media.

During the second spell from August 10 to 12, a total of 16 deaths occurred, and the total KE was responsible for seven deaths. Nine others lost their lives at home or for reasons other than KE. According to the investigating committee, a total of 31 accidents were killed in 35 cases, 19 of which were due to KE's negligence.

The show cause notice

The company will submit a Parawai response to the show cause notice. If the response is not satisfactory, Nepra will impose a microrange between 10 and 20 billion rupees, which will increase by 100,000 rupees per day if not paid. Given that the loss of life is enormous, there is a possibility that a maximum fine will be imposed, in addition to the compensation for the family of affected people. K-Electric said it is a responsible, law-compliant organization and will submit a response to the authorities within the prescribed time.

KE sympathizes with families who have been sadly affected by the tragic events of recent heavy rains. However, it is important to mention that many of these unfortunate events occurred at home due to wiring defects, unsafe use of electrical appliances or improper placement of cable TV and Internet cables on the kunda and wires. By Nepra's early discovery.

However, while the power company regularly campaigns to identify opportunities for infrastructure improvements and enhance the reliability and safety of its power supply, KE said it should take the necessary steps in light of Nepra's findings. However, power companies continue to emphasize that external issues such as permanent water, erosion around electrical infrastructure and grounding theft not only damage KE's infrastructure.

But also compromise the integrity of electrical systems and bypass electrical safety mechanisms. Create public safety risks. All these external factors provided by Karachi's various civic groups have a great impact on the power company's ability to provide safe and reliable electricity to its customers.

Last industry status report

Power utilities are committed to safety, and according to Nepra's last industry status report released in 2018, KE recorded the third highest number of accidents. However, in recent rains, some areas of the city have been flooded, resulting in urban flooding, and the supply of power to some of these areas is at the request of the local administration for public safety, such as the supply of water around power facilities. Supply has been interrupted.

Lying areas not only damage the utility infrastructure, but also interfere with restoration efforts and cause fatal accidents. KE has repeatedly requested recognition of the repetitive role of all interested parties and civil administrations in providing an environment in which power facilities can operate by enforcing basic urban development protocols in a planned manner throughout the city.

Its scale makes tears

1.9m people were excluded from the final list of the National Civil Register in Assam, which was published by the Indian government on Saturday. Most of them are Bengali-speaking Muslims who were considered 'foreigners' because they entered India before March 1971 or were unable to prove their entry before Bengalis was actively encouraged to migrate before March 1971. India. Many people lived in Assam for decades or didn't know any houses other than India.

Due to the high threshold for documentary evidence and the long and dark appeal process, the process of updating the NRC is controversial given NJP's position to steal BJP's anti-Islamic and anti-immigrant sentiment. Interior Minister Narendra Modi promised to implement the NRC throughout India to eradicate those who described him as a 'spit investment' and likened pests. Given that discrimination and non-humanization are often pioneers of genocide.

It is not surprising that human rights groups are so amazing. More than 1,100 people are already imprisoned in Assam's so-called Foreign Detention Center. There is a fear that genocide, such as forced displacement and genocide, is imminent or even worse. When the Hingya crisis was seen as a tremendous human tragedy in 2017 when hundreds of thousands of Burmese citizens were deprived and fled to Myanmar to Bangladesh, what could happen in Assam could be perhaps unimaginably fatal.

It is an inhumane practice to make people stateless

If an individual does not belong legally anywhere, no state is responsible for ensuring their rights, survival or even existence. The UN Convention on the Status of Stateless Persons in 1954 guarantees basic protection, but denying the national identity of individuals denies the right to actually have rights, and the state has in fact used the withdrawal of citizenship as a political tool to punish opponents and critics. . It also changes demographics. As a result, even the few cases where Western IS fighters and co-workers were deprived of citizenship were controversial.

It is important to be stressed, but here is the life of numerous innocent civilians at risk. It is a tremendous humanitarian crisis that puts stateless people from Bangladesh at risk of being alienated, killed or killed in detention centers and refugee camps. Immigration from India's Assam region will undoubtedly strain relations with Bangladesh, although there is no indication that it will accept this 'unwanted' human being.

But negotiating a reasonable and humanitarian agreement on the brewing crisis It is in both countries. Bangladesh must enter into a kind of contract with India and soon reconsider its policy on Gingya's status as stateless, seeking refuge without borders.
Continue

If Someone Tries to Sell you Clifton Bridge

If Someone Tries to Sell you Clifton Bridge
If someone tries to sell you Clifton Bridge for a cheap price, you should be in doubt. But what if you insist that Karachi's seawater and wastewater can be recycled in large quantities at low levels to practically end the water shortages throughout the city. Your answer depends on whether the person providing the panacea for all water issues is a telemarketer trapped in a dingy call center or a top conservative CEO of Pakistan, who runs the largest power production company in the private sector.

Hub Power Company

A publicly traded corporation that supplies about 10% of electricity to the national grid, promised its shareholders to transform into the country's first independent 'water' and power producer by 2025. A company with an asset base of Rs132 billion will shift its focus to Karachi's water supply. Hubco CEO Khalid Mansoor recently told us that he is working on several projects to end Karachi's serious water crisis. Furniture requirements. His plan to bring inexpensive tap water to the tap can be divided into small and medium-sized components.

First, let's look at a medium-sized project that turns sewage into industrial grade water. All drop problems, in baseball field terms, Karachi's home and industry require a total of 1,100 m gallons of water (MGD). This includes industrial demand of about 200MGD. In addition to groundwater, the city receives a bulk supply from two raw water sources, the herb dam in Balochistan and Keenjhar Lake in Thatta. But the total supply is only 550MGD.

At present, municipal sewage (470MGD) and industrial waste (90MGD) are mainly thrown into the sea without treatment. Hubco initially plans to establish a recycling plant that makes 50MGD of household wastewater suitable for industrial consumption. However, the plan will only work if the negotiations are over, as the Sind government ensures that the wastewater treatment facility operated by the Karachi Water and Sewerage Commission (KWSB) will continue to operate.

The price of reclaimed water is expected to be 35-40 Paisa per gallon, but the commercial proportion of a single tanker is Rs2 per gallon. Processing Plant 1 (TP1) is located in the SITE industrial area, TP2 is in Mehmoodabad, TP3 is in Mauripur, and TP4 is installed in Korangi. Until recently, none of KWSB's three water treatment plants, each with an installed capacity of 50MGD, was operated. The Sind government began acting in 2016 when the Supreme Court formed a judicial commission on water and sanitation.

The rehabilitation project for TP1

The rehabilitation project for TP1 (SITE) is expected to end in the first half of 2020, with the government increasing capacity to 150MGD. TP2 (Mehmoodabad) was permanently closed due to land-related disputes, so the government is instead building a 180MGD plant in Korangi (TP4). TP3 (Mauripur) became functional last year. The Sind government has first increased its capacity to 73 mgd and is now taking 180 mgd. These three plants perform primary and secondary treatment of wastewater, which KWSB discharges into the sea according to the National Environmental Quality Standards (NEQS).

We studied the whole process and wondered why we throw the sweet water into the sea. Would you recycle it because it's much harder to clean than seawater? ”Mansoor said. The government is investing heavily in K-IV, a 10-year-old Rs75bn water project funded by the federal and provincial governments to raise an additional 260 MGD to stop Karachi's water shortage. However, Hubco executives believe it is much more economical to recycle 480MGD of wastewater as part of the K-IV cost.

Hubco set up a recycling plant at TP1 (SITE) by submitting an unsolicited proposal (USP) to the Sindh Public-Private Partnership Department (PPPU). There is no point in throwing sweet water into the sea. We can install a 50MGD plant for tertiary cleaning on site devices to make all sewage suitable for industrial use. After installing our own pipe network, we will supply water to the plant on site.

USP is committed to converting 47.5MGD

The government can convert the sweet water currently in use in the industry into the home, ”said Babar Mahmood Siddiqui, Hubco's project director. USP is committed to converting 47.5MGD for industrial reuse. This is the quantity equivalent to almost 10pc of the bulk supply we receive every day in the current city. As KWSB expands the primary and secondary processing capacity of TP1, it can be increased to 150MGD. However, submitting a USP does not mean that Hubco has a contract. Individual investors may request assistance from local governments to build infrastructure projects through the USP, which lists the technical, financial and commercial details of the proposed project.

If the PPPU is determined to be viable, the proposal is brought to the policy committee for approval. It then develops a Request for Proposal (RFP) or bid and publishes it to request bids from potential investors. The first party to propose a USP participates in the bidding process with other potential investors. The former reserves the right to match bids and enter into agreements if other bidders offer better prices. According to Hubco CEO, the selling price of this water is expected to be 35-40 Paisa per gallon.

In contrast, the commercial rate of 3,000 gallons of sweet water tankers is Rs6,000 or Rs2 per gallon. Khalid Mehmood Shaikh, PPPU Secretary-General, told us that the policy committee approved the proposal and that the bidding phase will begin in three months. This contract will be awarded to Hubco or another company in about six to seven months. He added that PPPU is considering a project to convert wastewater into drinking water.

We expect some progress in six to nine months

He added, adding that a drinking water plant will be set up at TP3 (Mauripur). “I don't think there's any other solution. From TP3 should produce 70-80MGD clean water. This will present the West District at least face water shortages. Hubco's Siddiqui is looking for a possibility for the company to set up a sewage-drinking plant, but declined to give an estimated cost. City planner Arif Hasan, speaking with us, said Karachi's sewage would be a problem because many wastewater goes directly into the natural drains leading to the ocean.

First you have to let the sewage go to the treatment plant. He also made a reservation to increase the role of public-private partnerships in Sindh. It's called an unequal partnership. The public is mostly missing from this equation. Everything is good for the private sector.

Water for DHA

Hubco is ahead of the steps to develop small-scale water solutions for residents of the VII and VIII stages of DHA Karachi, Sooso said. The company received a two-acre plot from the DHA for a ten-year lease near the sea, initially constructing a 5MGD seawater reverse osmosis (RO) plant. This technology is more expensive than wastewater recycling technology. The cost is almost double. However, Hubco is betting on the fact that consumer prices will still be lower than what DHA residents currently pay for tanker water.

The plant takes sea water and goes through a cleaning process to pump it into the pipe network of the existing DHA. This means that for Tier 2 residents of DHA, drinking water is readily available at low prices. But DHA faces the same problems that KWSB faces in other parts of the city. Leaks, theft and poor recovery in the absence of water meters. One option in the table is for Hubco to replace water distribution and bill collection.

If this option is realized, the company will install water meters in all residential and commercial facilities in the area. The Hubco Board of Directors has not yet made a final decision in this regard.

Water throughout Karachi

The country's largest independent power plant has four fully functional furnace oil power plants with a total capacity of 1,200 MW in Balochistan Hub. Federal electrical purchasing authorities move the power mix away from expensive furnaces, and these plants are now idle. There is little difference from Hubco's financial performance as we continue to receive 'capacity payments' from the government, regardless of how the plant operates. Mansoor officially asked the power ministry to convert two of these four power plants to coal. All the company needs to invest in is new boiler and coal handling equipment.

Thanks to Hubco's new coal pier, which was inaugurated last month and built specifically for coal-based power plants near 1,320 MW, the company has access to coal supply. The seawater RO process is energy intensive. The cost of drawing water from the sea constitutes 20-25pc of the final price. Pumping water through the membrane requires a lot of electricity. Mansoor uses cheap electricity from two coal-based power plants to suck water from the sea, pass it through the membrane, pump it to a hub dam, and feed it to Karachi.

The furnace oil-based plant will use as much as 925MGD to cool the machine as part of its power generation, so the entire infrastructure of water intake and discharge already exists on site. The progress for the installation of seawater RO plant is $ 5m per MGD. Even if the existing infrastructure saves a fifth of the cost, the cost of installing a 100MGD plant is still around $ 400 million.

Hubco's Siddiqui said, "It's expensive." But if the government considers installing a seawater RO plant in Karachi to eliminate water shortage cities, he said, it would provide a “competitive alternative.
Continue

The Price of New Petroleum Products

The Price of New Petroleum Products
The financial sector on Saturday notified the price of new petroleum products, which fell 5.8 percent in the month of September, due to falling prices in the international market. According to the statement, the purchase price of gasoline decreased from Rs4.59 per liter to Rs113.24 per liter, which became effective at Rs117.83 per liter since September 1. Similarly, the price of high speed diesel (HSD) has fallen from Rs132.47 to Rs127.14 per liter previously, by Rs5.33 per liter. The new purchase price includes the impact of taxes and distribution costs.

The average purchase price

The average purchase price of gasoline, including tariffs during the last import period, is Rs71.89 per liter and HSD Rs82.06 per liter before taxes and distribution costs. The finance minister claimed that the final purchase price of gasoline under Rs parity was significantly lower than that of regional markets such as India at Rs168.25 per liter. Sri Lanka Rs144.15 per liter and Bangladesh Rs168.79 per liter. It is worth mentioning that the Oil and Gas Regulatory Authority (Ogra) achieved a reduction of Rs7.67 per liter of HSD, but the government only passed a decrease of Rs5.33 per liter. 

During the gasoline period, the overall reductions recommended by Ogra were delivered to the end consumer. Similarly, the overall impact on the price of kerosene and diesel prices (LDO) has been transferred to the end consumer. The government reduced Rs4.27 per liter, Rs99.57 per liter to Rs99.57 per liter, while LDO decreased Rs5.63 per liter and Rs97.52 to Rs91.89 liters. The Minister of Finance said the oil price calculation procedure is determined by Ogra using actual orders for HSD and gasoline in Pakistan's oil.

Ogra adds predefined costs like freight, port handling and oil marketing company / retailer margins. For three months, the general sales tax was fixed at 17pc when it rose to 71pc in HSD in fiscal year 2015-16. Moreover, oil development Levi is fixed. Therefore, Ogra will be notified of changes in the purchase price of the PSO during the last income period. It also explained that if international prices show a downward trend, they will occur between 30-40 days and may change depending on exchange rate fluctuations.

The Oil Export Organization

The Oil Export Organization (Opec) and its ally Opec + are 24 oil producer groups, including Russia and Saudi Arabia, are you finally ready to give up 'whatever your strategy' is? The group struggled to raise crude oil futures this year because of deteriorating global oil demand growth prospects and long-term trade disputes between the United States and China. In the process, Opec's share of the world oil market this year fell to its lowest level at 30% in August of this year. Did their strategy work? Obviously not.

Despite these efforts, the oil market has fallen by almost 20pc from a year ago, as the US and China trade wars have become fierce and the costs for the global economy become more apparent. For the time being, the oil market seems to be more focused on the trade war between the US and China. Reduced production does not really affect the spirit of the market. Opec + does not forget all of this. Reached the limit to control and influence the world oil market.

Therefore, some say that the group is currently changing the current strategy affecting the market by changing strategy, giving up processes and reducing production. The policy has also reduced market share. New signs are appearing. Opec + is still in excess of the output quota as agreed in the production limit agreement, but Opec has already begun unhandling the output.

Saudi Arabia's production, Saudi Arabia's crude oil and condensate exports have increased, and the UAE has increased by 300,000 bps. Iraq's exports also increased by 150,000bpd. Russia's largest non-Opec member, who signed a contract to cut production, also increased production in August.

Against the background above, Opec and non Opec partners will meet in Abu Dhabi later this week to review the progress in stabilizing the global oil market by managing the group's production. In changing market scenarios, some Opec players are becoming increasingly difficult to comply with game rules under an array of output limits. They can't keep losing market share.

The price hikes of several items

In the face of serious public criticism over the price hikes of several items used every day, including Lotis and naans, the federal government took the old gas tariff on the country's Tandors on Saturday to withdraw the new tariffs, which went into effect on July 1. I decided to restore. On Saturday, the Department of Energy (Oil Ministry) made a decision in protest of Tandor owners and workers (Na Bai Bai) who witnessed a national strike on gas tariff hikes. But they withdrew the strike after the government announced the recovery of previous tariffs. Notification of this effect is expected to be announced by oil and gas regulators soon.

However, the government avoided easing gas bills to commercial consumers who run small roadside restaurants, restaurants, and restaurants with tandoori, where a large number of workers and middle class people eat daily. Punjab and Khyber Pakhtunkhwa, which is supplied by Sui Northern Gas Pipelines Limited, has 3,000 commercial consumers operating tandoors for roti or eggs, and prices have risen from Rs15 to Rs10 and Rs20 to Rs12, respectively, due to over 70.

Rate of increase in tariffs and increases in prices of flour and other related products. The number of such doors ranges from 2,000 to 2,500 in Sindh and Balochistan, where gas is supplied by Sui Southern Gas Company. Many poor and wealthy people buy roti and eggs from warheads, ”official sources said. Recovering existing tariffs on burnt doors is a positive step, but the government should reduce tariffs for commercial consumers who run small roadside restaurants / hotels with ballistics," he added.

According to the SNGPL

Gas prices for burnt door commercial consumers have been reduced from Rs 1,283 per mmbtu to Rs738 per mmbtu, according to the SNGPL. SNGPL decided to support burnt door commercial consumers as determined by the federal government. The consumer must contact the appropriate SNGPL office in Punjab and Customs to request a modification of the bill due to the increase in gas rates. ”, Read the press release issued by SNGPL.

Meanwhile, the former Pakistan Union Union (APTUF) criticized the decision that the government was making the lives of the poor poor. This is not the Awa US government because there is no poor policy. This decision is just an eye wash because it can be applied to roadside restaurants where most of the poor people who spend most of their days outside the home eat," said Rubyina Jamil, APTUF Secretary General.
Continue

Two Days After the Federal Government Surrendered

Two Days After the Federal Government Surrendered
Two days after the federal government surrendered the controversial ordinance that gave the conglomerate a 210 million rupee amnesty without prior audit, surrendering to public protest, a hearing hearing on the pending court regarding the development of the gas infrastructure to the Supreme Court You have requested Seth (GIDC) levy.

Attorney General Anwar Mansoor Khan

Anwar Mansoor Khan filed an official application on Friday to plead with the verdict court to dismiss GIDC-related cases. The application said, “This honorary court is happy to dismiss the case and resolve the case early, as may be convenient to the honorary court. On Wednesday, Prime Minister Lim Ran Khan withdrew the GIDC (Revised) Ordinance 2019 and instructed the Attorney General to move the SC to make an early decision on the matter in accordance with applicable law. The GIDC debate came into the spotlight last week when the government announced a controversial bylaw.

Proposing to grant 218 billion financial pardons to large corporations, including the fertilizer, general industry, power generation companies, K-electricity and CNG sectors. According to a statement from the PM Office, the total amount arising from GIDC lawsuits from 2012 to 2018 increased to Rs 411 billion. AG files a series of hearings on matters involving billions of rupees. On Friday, the AG office filed an application before the Apex court stating that the GIDC Act 2015-related case included a significant amount of government revenue.

The case has been pending since 2017 and has filed a petition for a Peshawar High Court (PHC) ruling in support of a violation of the law. As the incident resulted in a huge amount of government revenue, the court requested that the case be dismissed, and the appeal objected. By 31 May 2017, the PHC rejected a series of petitions claiming the validity of the GIDC Act 2015.

Because the infringement of legislative powers by the Federation does not infringe on the basic rights of citizens, so the higher court, which is the petition. here is no place to challenge the validity of the law because it did not raise a complaint within the meaning of Article 199.

Congress's exclusive authority

The PHC also became clear that when Article 142 (a) was read in conjunction with Article 154 of the Constitution, it was made clear that Congress had exclusive power over the legislation found in Part 2 of the Constitutional Federal Legislative List. Earlier, the GIDC Act approved disciplinary actions for gas consumers outside the domestic sector in the National Assembly in December 2011, approving infrastructure development for a variety of projects, including the Iran-Pakistan pipeline project, the Turkmenistan Afghanistan, Pakistan and India (TAPI) pipeline projects. did.

And for the equalization of prices of imported alternative fuels, including liquefied natural gas (LNG) projects and LPG (liquefied petroleum gas). However, on April 15, 2015, the Apex Court dismissed the federal petition requesting a review of the ruling on August 22, 2014, and under GIDC law, collections exceeding 100 billion rupees will be refunded to consumers in the gas industry. I made it clear that this is not. Who has recovered.

At that time, the GIDC law legalized restorative rest from non-industrial consumers, not primarily industries. Following the expiration of the GIDC Treaty, the National Assembly and Senate passed the GIDC Act of 2015 and abolished the GIDC Act of 2011. One of these petitions was ordered by the lawyer Makhdoom Ali Khan, who represents 499 different CNG stations in Khyber Pakhtunkhwa, to ban or impose GIDC on the gas supplied to CNG stations.

The Supreme Court

The petition also objected to the Supreme Court to order that the court restrict the CNG station from taking compulsory measures, including the interruption of the gas supply while the petition is pending, and therefore order to amend and amend the legislation already issued. The petitioners claimed that the federal government violated Congress' legislative boundaries by enacting the GIDC Act 2015, because legislation that infringes on basic rights is considered invalid and can only be revived or resurrected after the basic rights are enacted or amended.

In this case, the GIDC law violates Articles 153 and 154 of the Constitution and the federal system because it was not previously discussed or approved by the Council of Common Interest (CCI) and its enactments. The petition insisted that any claim that was illegal when imposed could not be verified by subsequent law, and that the tax could not be verified by charging a fee.

After strong reactions

After strong reactions from writers and poets, portraits of legendary poets Mirza Asadullah Khan Ghalib and Faiz Ahmad Faiz were again displayed in the galleries of the Pakistani Academy of Federal Capital (PAL) building. The portraits of Galip and Faiz, which have been on display in the gallery along with portraits of national poet Al Rama Muhammad Iqbal for many years, are said to have been removed from the verbal instructions of Nadeem Shafique Malik, Minister of National History and Literature and Heritage.

But a PAL spokesman modified the report, claiming that the two portraits were not removed from the gallery. Allegedly deleted photos of two legendary poets under the direction of the secretary. According to sources, Malik said during his recent visit to the PAL building that only portraits of Al Alamqbal should be displayed to remove portraits of Galive and Faiz from the gallery. This move was severely criticized by writers and scholars who were called "rude to legendary poets.

Condemning the steps, the poet Kishwar Naheed demanded the removal of the secretary from his position. She said members of the literary community of the country were shocked by this movement. Naheed also expressed amazement at the statements made by some leaders of the Pakistan Tehreek-i-Insaf who ruled on this issue.

Minister of Education Shafqat Mehmood

In the statement of Minister of Education Shafqat Mehmood, the fact that the portraits were once again displayed in the gallery could not eliminate the anger of literary figures about the disrespect for the great poets. She urged all the literary figures of the country to come to the road to register a protest on this matter. The Senate and former Chairman Pakistani People's Party leader Mian Raza Rabbani seriously criticized this step in the statement and called for an investigation into it.

He said, “The poems and poems of those who wrote these letters impressed the progressive creation and political development of Pakistan. Rabani said, “We are writing a letter to the Pakistan Senate State Standing Committee who will be notified of the immediate stu-motu and why Pakistan is being robbed of its cultural heritage. In a statement released on Saturday, PAL declined to report removing portraits of Ghalib and Faiz from the gallery.

A PAL spokesman claimed that the portrait of the great poets was removed from the gallery as a fake campaign. The spokesman claimed that it was not true that the portraits were deleted. The move to exhibit at the Academy's Better Place was being considered. There was no doubt to remove the portrait of a famous scholar.
Continue

England Faceman Stuart Broad and Jofra Archer

England Faceman Stuart Broad and Jofra Archer
England Faceman Stuart Broad and Jofra Archer each struck twice to cut Australia to 63-4 in their fourth retest Saturday at Old Trafford. England haven't narrowed down after bowling for 301 years, and Australia has left every opportunity to retain impressive leads and ashes. The series is at the 1-1 level and the final test is coming from The Oval next week and England had to re-produce the amazing comeback provided by Headingley's third test to avoid padding again.

England's bowlers in the test

Broad, who took England's bowlers in the test, trapped David Warner lbw and took a perfect step for left-handed. Marcus Harris also failed his review attempt, stepped on the bridge to Broad and Australia was shaken at 24-3 when Marnus Labuschagne was locked in front by Archer. Archer drove with 14-year-old Steve Smith and 8-year-old Matthew Wade, and there was no controversy about the departure of Travis Head.

The UK's first inning ended with Josh Hazlewood and four turnstiles, collapsed thanks to great efforts by Australia's face attack attack, where Mitchell Starc and Pat Cummins won three each. Left armed Simmer Stark has justified his inclusion in this test as a major breakthrough wicket since England resumed 200 in five. As Manchester's sky became brighter, 28 more games were added before Stark, and Jonny Bairstow (17), who threw the ball across the gap due to the unwise driving attempt by the Yorkshire Man, removed the ball.

Ben Stokes, the hero of the Headingley comeback, was initially responsible for saving the country's innings, but this time he was victimized by Starc's movement. Will fall to 26. Archer joined Jos Buttler in a fold but scored only once before scoring thirteen. Cummins passed Tim Paine to the captain behind the stump. Stuart Broad (5) removed his footprint by Starc, bringing Jack Leach wrinkles. Although rare in the same drama, Leach and Buttler wrote 18 in the final turnstile to avoid the humiliation of subsequent pioneering before Cummins bowled Buttler to 41.

Late Friday

Hazlewood tore up the UK with three important late turnstiles in the last session to ruin the good work of Rory Burns (81) and England captain Joe Root (71). Before Hazlewood eliminated Burns, there was a great delivery where Burns-root pairing wore 141 out of 141 and went to Joyful Smith. Burns showed confidence throughout his impressive innings and scored 3 points in this series with more than 50 points.

He showed patience to deal with Cummins. Cummins was not rewarded for orders of more than 10 points that combined enemy and spot on-line and length.

Score board

Australia (1st Innings) 497-8 Declaration (S.P.D. Smith 211, M. Labuschagne 67, T.D. Paine 58, M.A. Starc 54 not out; S.C.J.Broad 3-97).

England, 1st inning, 200-5 overnight


  • R.J. Burns c Smith b Hayes Wood 81
  • J.L. Denly c Wade b Cummins 4
  • C. Overton c Smith b Hazelwood 5
  • Jay Root Ruby b Hazelwood 71
  • Jay Roy B. Hazelwood 22
  • B.A. Stokes c smith b stark 26
  • J.M. Bairstow b stark 17
  • J.C. Butler b Cummins 41
  • J.C. Archer c payne b cummins 1
  • S.C.J. Wide b stark 5
  • MJ Rich Out 4
Extras (B-4, LB-11, W-5, NB-4) 24. Total (overall, 107 over) 301. Fall in WKTS: 1-10, 2-25, 3-166, 4-175, 5-196, 6-228, 7-243, 8-256, 9-283. Bowling: stark 22-7-80-3; Hazel wood 25-6-57-4 (1nb); Cummins 24-6-60-3 (3nb, 1w); Lyon 36-4-89-0.

Australia, 2nd inning


  • D.A. Warner lbw b warner 0
  • M.S. Harris lbw b broad 6
  • Labuschagne lbw b archer 11
  • S.P.D. Smith out 19
  • Thiem Head B Archer 12
  • M.S. 10 get out
Other (b-4, nb-1) 5, Total (4 wkts, 21 over) 63. Fall of WKTS: 1-0, 2-16, 3-24, 4-44. Bowling (current): broad 9-4-19-2; Archer 9-2-27-2 (1nb) overturn 2-5-0; Leaching 1-0-8-0.
Continue