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Business Recorder
28-05-2025
- Business
- Business Recorder
NA panel irked by ‘non-professional' attitude of KE CEO
ISLAMABAD: The National Assembly Standing Committee on Industries and Production, Tuesday, expressing serious anger over the informal, unofficial and non-professional response of K-Electric (KE) chief executive officer (CEO) observed that the officer seemed unfit for the key position. The committee meeting held here under the chairmanship of Syed Hafeezuddin to discuss matters pertaining to Utility Stores Corporation (USC) and K-Electric. The committee members question CEO K-Electric why it has not withdrawn court cases regarding power subsidies provided to various consumers during coronavirus crisis. Responding to the queries of committee members, K-Electric Moonis Alvi expressed his inability to withdraw court cases, which made the committee members furious and declared his response an insult to the directions of parliamentary panel. The CEO K-Electric tendered his apologies but the committee members rejected his apology and expelled him from the meeting. The panel grilled the Federal Board of Revenue (FBR) for failing to implement its directives regarding the inclusion of the iron and steel sector in the Export Facilitation Scheme. The committee held FBR responsible for a potential loss of $1.5 billion in exports due to the delay in issuing the required Statutory Regulatory Order (SRO). Expressing strong disapproval, the chairman remarked that FBR was ignoring parliamentary instructions and announced a formal notice against the department. The frustration was further fuelled by the continuous rotation of FBR representatives at committee meetings. 'First, an FBR lady used to come, then Faisal used to come, and today another gentleman has come; we will bear him too,' the chairman remarked sarcastically, urging the media to highlight the FBR's conduct. Another pressing matter discussed was the financial crisis facing the Utility Stores Corporation (USC). With Rs7.2 billion reportedly dues from the corporation, FBR officials claimed USC had demanded Rs18.50 billion. The chairman urged both sides to resolve the dispute immediately to prevent employee layoffs. 'We want Utility Stores employees not to be unemployed,' Hafeezuddin said, assuring union representatives that their jobs would be protected. Throughout the session, the committee emphasised accountability across public and private institutions and made it clear that delays, defiance, or neglect of parliamentary directions would not be tolerated. The committee decided to present a unanimously agreed report on the closure of USC during the Session to safeguard the future of USC employees. It sought a detailed report by Pakistan Services for Quality Standard Authority on less export of Pakistan dairy products, meat and honey. The standing committee issued key recommendations during its sitting debating the issues of K-Electric regarding load shedding in industrial sector of Karachi, closure of Utility Stores Corporation's sacked employees, role of Pakistan Services for Quality Standards Authority in maintaining vehicle quality standards and agriculture-related products for local use and export to USA, UK and European countries. The committee assured its support to the ministry for legislation when and where required to remove hindrances in the progress of public benefits. Copyright Business Recorder, 2025
Express Tribune
16-05-2025
- Express Tribune
Man accused of swindling doctor
A case has been registered against a person who looted Rs3.35m from a homeopathic doctor in exchange for a plot. Homeopathic Doctor Muhammad Asif Mushtaq Shaheen, a resident of C Block Ghulam Muhammad Abad, took the stand in the case filed with the police that he was in the business of buying and selling of property and vehicles with Rehman, a resident of Zunariha Town. He further stated that he wanted to sell a car through his friend Rehman, so he met the accused Muhammad Tanveer Latif, resident of Mohalla Abbas Nagar. He fixed the price of the car at Rs7.2 million, in return for which the accused Tanveer showed a plot of 6 marla at 219 RB and gave him the Fard (papers of plot), and paid the remaining amount. "During this time, I listened to the accused and got the car registered in his name, along with giving him the original file and other documents." The accused asked him to transfer the plot immediately, but later, refusing to transfer the plot, he embezzled Rs3.35 million through forgery. The Ghulam Mohammadabad police registered a case under sections 420-468 of the penal code of Pakistan and started searching for the accused.
Hans India
10-05-2025
- Business
- Hans India
India's IT sector logs 16% growth in hiring on AI boost
Bengaluru: Information technology (IT) sector in India is witnessing strong growth, with hiring activity increasing by 16 per cent year-on-year (YoY) in April 2025, a new report said on Friday. A major driver behind this growth is the rapid expansion of Global Capability Centres (GCCs), which have created over 110,000 new tech jobs during the financial year 2024-25, according to data compiled by jobs platform foundit (formerly Monster APAC and ME). This hiring boom comes despite an 11 per cent month-on-month dip in April, which the report attributes to seasonal trends. Overall, the outlook remains positive, with consistent demand across experience levels and an increasing focus on specialised, future-ready skills. According to V Suresh, CEO of foundit, the sector is entering a new phase of 'strategic growth'. He emphasised that India is moving from quantity-based hiring to skill-based, innovation-led employment. 'This transformation reflects India's broader vision to empower its youth for global leadership in science and innovation,' he said, adding that tier-2 cities are becoming important contributors to the digital economy. GCCs are playing a central role in this shift, especially in areas like data engineering, DevOps, and enterprise architecture. The move reflects a larger transformation in India's IT hiring -- from mass recruitment to quality-focused hiring based on in-demand skills, the report said. It highlighted a growing demand for roles in artificial intelligence, cloud computing, cybersecurity, and data analytics. These areas together now make up 95 per cent of job postings in the IT sector. Further, employers are more focussed on practical expertise than on formal degrees, with 62 per cent of companies now prioritising skills over qualifications. In terms of salaries, specialised roles are offering impressive packages. Entry-level AI roles start at Rs7.2 lakh per annum, while experienced professionals in AI can earn up to Rs76.4 lakh. Cybersecurity remains one of the highest-paid domains, with top salaries reaching Rs 87 lakh.
Express Tribune
29-03-2025
- Express Tribune
FIA arrests four more human smugglers
The Federal Investigation Agency (FIA) has arrested four more human smugglers during raids carried out in various areas of Gujranwala and Gujrat. The suspects, identified as Muhammad Idress, Umar Farooq, Mirza Naeem Baig and Allah Ditta, are accused of fleecing common people and receiving millions of rupees from them for smuggling them to foreign countries. According to an FIA spokesperson, accused Mirza Naeem Baig received Rs7.2 million from a citizen for taking him to Italy but later left that person stranded in Libya. Accused Allah Ditta also minted millions of rupees through this illegal business. The accused failed to smuggle people to Europe and went into hiding after receiving large sums of money from them. The FIA launched a massive crackdown against human smugglers and traffickers after Prime Minister Shehbaz Sharif took notice of boat capsizing incidents near Greece in November last year in which illegal Pakistani immigrants were among the people who lost their lives.
