FFC to acquire majority stake in Foundation Wind Energy for Rs14.02 billion

FFC to acquire majority stake in Foundation Wind Energy for Rs14.02 billion

KARACHI: Fauji Fertilizer Company (FFC) will acquire entire shareholding of Fauji Fertilizer Bin Qasim (FFBL) and Fauji Foundation in Foundation Wind Energy (FWEL) companies at an aggregate consideration of Rs14.027 billion, a bourse filing said on Tuesday. The Fauji Foundation and FFBL have obtained approval of their respective boards to sell their entire shareholding in … Read more

Rangers Hold Football Tournament In Karachi To Offer Hope For Future

‘PSL-style’ league will change the fate of Pakistan football

Pakistan Rangers (Sindh) has organized a football tournament at Muhammadan Football Ground Punjab Colony to promote healthy activities and sports among the youth of Karachi. In which 32 teams from all over the city have participated. According to the details, a large number of dignitaries from different walks of life and fans attended the match … Read more

PML-N Leader Lashes Out at PTI Government over Emerging Power Crisis

PML-N Leader Lashes Out at PTI Government over Emerging Power Crisis

Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Miftah Ismail on Sunday lashed out at Prime Minister Imran Khan’s government for the emerging energy crisis in the country and delays in the dry docking of liquefied natural gas (LNG) terminals, resulting in gas and electricity shortages. In a press conference, Ismail raised the question … Read more

Rupee expected to remain range-bound next week

rupee

KARACHI: The rupee/dollar parity is likely to move range-bound next week, owing to the demand for import and corporate payments, besides inflows of export receipts and workers remittances. The currency experts said that the exchange rate would depend on the demand for import and corporate payments. Usually, by the end of the fiscal year, the … Read more

Police Arrested Rickshaw Driver in Attempt of Kidnapping a University Female Student

Police Arrested Rickshaw Driver in Attempt of Kidnapping a University Female Student

Police on Saturday arrested a man from Karachi’s Layari neighborhood for being involved in an attempt to kidnap a female university student. SSP City Sarfaraz Nawaz while elaborating the situation said that a female student was traveling in a rickshaw on June 13 when the driver took out his gun and took her hostage. “The … Read more

Prime Minister Imran Khan Said The Government is Committed to Restore and Preserve Heritage Sites

Prime Minister Imran Khan Said The Government Committed to Restore and Preserve Heritage Sites

Prime Minister Imran Khan said on Friday that the government is comitted to preserve and restore all the historical sites in the country. On his Twitter, PM Imran shared Lahore Fort from Lahore and mentioned that it has been restored and preserved for coming generations. “My government intends to eventually preserve and restore all our … Read more

BOL Exclusive – KEPZ units: Customs Intelligence Unearths Rs4.15 billion duty, tax evasion

KEPZ Units

KARACHI: The Customs directorate of intelligence and investigation (I&I) has unearthed massive evasion of duty and taxes worth Rs4.15 billion by the units located in the Karachi Export Processing Zone (KEPZ), official documents made available to BOL News on Thursday revealed. The directorate said that it had detected massive mis-declaration and evasion of duty and … Read more

Bahria Town Funds Not To Be Included In the Next Year’s Budget Plan

Bahria Town Funds Not To Be Included In the Next Year's Budget Plan

Bahria Town has been excluded from this year’s budget. The amount that the real estate giant was supposed to deposit was Rs460 billion. The Supreme Court, on 21st March 2019, had accepted the land developer’s offer to pay Rs460 billion in order to purchase the land in Malir, Karachi and ordered it to deposit the … Read more

Monsoon Season: Desilting of Karachi’s Major Drains Continues

Monsoon Season: Desilting of Karachi's Major Drains Continues

Owing to the monsoon season, the desilting and the operation against encroachments continued on Gujjar Nala and Orangi Nala in Karachi. According to details, an operation is being carried out at three places simultaneously on Gujjar Nala and Orangi Nala. The operation is being led by Senior Director Bashir Siddiqui. Director Bashir Siddiqui said that … Read more

For Karachiites a dog’s bite is worse than its bark

a dog’s bite

Karachi: It is usually late at night when a group of dogs enjoy leftovers from a nearby restaurant in an abandoned plot of Gulzar-e-Hijri when another group attack to take over the territory and food. The deafening noises of barking and growling are so common in the area that no one pays attention. The fight … Read more

NEPRA Seeks Clarification From Power Companies On Load Shedding

NEPRA Seeks Clarification From Power Companies On Load Shedding

While unannounced power outages continue for the third day in a row across the country, the government has confirmed a shortage of supply in the system due to technical reasons despite surplus production capacity. According to the report, the National Electric Power Regulatory Authority (NEPRA) took stern notice of the excessive load shedding and sought … Read more

Encroachments, sludge in Karachi’s 18 drains still pose urban floods threat

Karachi’s 18 drains

With the monsoon season around the corner, authorities in Karachi are still struggling to clear 18 drains in the city clogged with encroachments and sludge. Director Municipal Services Karachi Metropolitan Corporation (KMC) Noman Arshad, while speaking to Bol, explained that the department did not receive the allocated budget for the cleanliness drive. “Encroachments in the … Read more

Government borrowed 16% more from commercial banks in 11 months

State Bank

KARACHI: The government borrowed 16 per cent more from the commercial banks during the first 11 months (July-May) 2020/21, official statistics revealed. The government borrowing from commercial banks increased to Rs2.435 trillion during July-May 2020/21, compared with Rs2.1 trillion in the same period of the last fiscal year, the data released by the State Bank … Read more

Pakistan LNG Limited will receive one LNG cargo from Vitol Bahrain

Pakistan LNG Limited will receive one LNG cargo from Vitol Bahrain

KARACHI: The suppliers gave a lukewarm response to the tender issued by the Pakistan LNG Limited (PLL), as only one supplier, Vitol Bahrain, made the offer for one cargo to be supplied in July 2021, a statement issued by the company said on Tuesday. Earlier, Pakistan LNG Limited had invited bids for the supply of … Read more

Karachi traders open shops till 8pm

Flour is still available in Sindh at lower price than other provinces: Nasir hussain Shah

Sindh government decided to delay their decision till Monday of keeping shops open till 8 pm, after a meeting with Karachi’s Tajir Action Committee on Saturday. Nasir Hussain Shah Minister for Information Sindh, while speaking to the media, said that the committee had been invited for talks today at the Commissioner House. “We asked them … Read more

NEPRA Allows K Electric To Hike Power Tariff

NEPRA Allows K Electric To Hike Power Tariff

The National Electric Power Regulatory Authority (NEPRA) allowed K Electric to charge an average of 26 paise and 10 paise per unit in June and July for additional fuel cost adjustment (FCA). According to the report, the regulator has worked on the FCA’s 7-month (June-December 2020) rate hike and adjustment of monthly increments and deductions … Read more

Karachi: Hot and Humid weather to prevail in June

Karachi Meteorological Department

According to reports, on Tuesday, Director General Pakistan Meteorological Department has warned karachiites against the prevalence of sweltering hot weather in the city in June.

Weather officials said, “The mercury will remain between 38 degree Celsius to 40 Celsius in the first half of June,”

According to him, the temperatures could slide from 15th June to 20th June.

He further told that the region is likely to receive more rainfall than the routine rainfall this year also like it happened the previous year.

The monsoon season of Pakistan starts from 1st July and lasts till 30th Sept, and typically receives 140.8 millimeters of rainfall from July to September.

The monsoon season is influenced by the El Niño, as well as the temperature variations in the Indian Ocean.

If the predicted average rainfall happened this monsoon, then there could be threats of urban flooding in the cities. The Meteorological department has last year also forecasted more rainfall than usual during the monsoon season particularly in the southern parts of the country.

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Karachi: Rangers And Police Conduct Joint Operation, 5 Accused Arrested

Karachi: Rangers And Police Conduct Joint Operation, 5 Accused Arrested

A joint operation was carried out by Rangers and police in Karachi in which 5 accused were arrested. According to details, Rangers and police conducted a joint operation in the Old Golimar area of ​​Karachi on the basis of intelligence information in which 5 accused were arrested. According to sources, the accused were involved in … Read more

K Electric Releases Statement After Prolonged Load Shedding In Karachi

K-Electric requests

K Electric has released an official statement after unannounced and prolonged load shedding of electricity in Karachi. According to the details, K Electric officials said that the increase in the intensity of heat has increased the demand due to which the tripping of electricity is continuing. Officials said that load shedding was going on for … Read more

Karachi: Micro Smart Lockdown Implemented In Central District

Karachi: Micro Smart Lockdown Implemented In Central District

Karachi: Micro Smart Lockdown has been implemented in Central District after the increase in Coronavirus cases. According to the notification issued by the administration, the micro-smart lockdown will be effective till June 6 in Gulberg, North Karachi, Liaquatabad and North Nazimabad areas and residential units. The notification further read that there are 199 Coronavirus patients … Read more

COVID-19: Sindh bans unnecessary movement of Karachi citizens after 8 pm

COVID-19: Sindh bans unnecessary movement of Karachi citizens after 8 pm

In wake of the rising coronavirus cases, the government of Sindh has decided to ban the unnecessary movement of people after 8 pm from May 25 in Karachi. According to the details, Chief Minister Sindh Syed Murad Ali Shah while chairing the meeting of the Anti-coronavirus Task Force directed IG Sindh to stop people from … Read more

Karachi: Security guard tortured by an influential person

Karachi: Security guard

On Friday at Gulshan-e-Maymar, Karachi a security guard was tortured for not allowing an influential person’s child to play on the road. A poor security guard has to pay a heavy amount for not allowing an influential person’s child to play near the road. As per the CCTV footage, the man can be seen angrily … Read more

Sindh govt changes days of operating businesses once again

Sindh govt changes days of operating businesses once again

The Sindh government has once again decided to change the “safe days” — or days for operating businesses in Karachi — a notification issued from the home department said Friday. According to the details, instead of Saturday and Sunday, all markets and businesses will now remain closed on Fridays and Sundays. It should be noted … Read more

Karachi: Stay Order On Demolition Of Leased Properties Along Drains Extended

Karachi: Demolition Of Leased Properties Along Drains Extended

The Sindh High Court (SHC) has extended its earlier stay order against demolition of leased properties around Gujjar and Orangi town drains till June 1. According to the report, the Sindh High Court headed by Justice Syed Hassan Azhar Rizvi after the provincial law officer and the lawyer of the Karachi Metropolitan Corporation (KMC) expressed … Read more

Census-2017 Report: Karachi Remains The Most Populated City

Census-2017 Report

The Pakistan Bureau of Statistics (PBS) has issued the Census-2017 report which revealed that Karachi remained the most populated city of the country, with a total population of 10,624,894.

In the sixth census of Pakistan, the PBS revealed that Pakistan’s population had increased to 207.68 million — 106.3 million male and 101.3 million female — with an annual growth rate of 2.40%.

On the other hand, the total population of Khyber Pakhtunkhwa is 30.51 million, Federally Administered Tribal Areas (FATA) 4.99 million, Punjab 109.99 million, Sindh 47.85 million, Balochistan 12.34 million, and Islamabad 2 million.

The census report said that people between 15-64 years of age form 55.98% of the population, while the youth — 15-24 years of age — constitute 19.19% of the population.

The population breakdown:

Less than a year — 2.44%
Less than 5 years — 14.04%
Less than 10 years — 28.50%
Less than 15 years — 40.31%
15-24 years (youth) — 19.19%
18 and above — 53.40%
15-64 years — 55.98%
65 and above — 3.71%

As per the report, the literacy rate in Pakistan has increased and reached 58.92% as compared to 43.92% in 1998, out of which 87.48 million people are being literate in the country.

It should be mentioned here that the census-2017 was conducted in two phases, with each phase having a duration of 30 days.

Phase-I started on March 15 and ended on April 14, 2017, in which 61 admin districts comprising 79,773 blocks were identified.

Phase-II started with a time period of 10 days from April 25 till May 24, 2017. Eighty-Nine (89) admin districts comprising 89,170 blocks were enumerated during this period.

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At Least 5 Dead As Thunderstorm Wreak Havoc In Karachi

Karachi thunderstorms

Five people were killed in different accidents caused by a thunderstorm in Karachi on Tuesday.

According to the details, five people, including two children and a woman, were killed and several others injured in different accidents caused by thunderstorms and strong winds in different parts of Karachi.

A woman named Saleem Al-Nisa and a man named Waheed were killed when a wall collapsed in Baldia Dabba Colony. Four people, including two women, were injured when a wall collapsed in Orangi Town.

A 45-year-old man was also killed when a wall collapsed in Saeedabad.

An 8-year-old boy died after falling from an elevator on the third floor of a building in Clifton. A 10-year-old boy lost his life when a wall collapsed in Sher Shah.

A signboard fell in the shopping mall located on Rashid Minhas Road. Several people were also injured in other accidents and have been shifted to different hospitals for medical treatment.

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KCCI appeals Sindh Govt. to allow business after Iftar till Seher for two days before Eid

Sindh govt changes days of operating businesses once again

The Karachi Chamber of Commerce and Industry (KCCI) on Tuesday appealed to the Sindh government to allow business from Iftar to Sehri for two days before Eid-ul-Fitr. According to the details, the chamber has appealed to the Sindh government because of the relatively low number of coronavirus infections in Karachi city. The chamber urged the government should provide … Read more

Pakistan’s largest vaccination center inaugurated in Karachi

Pakistan’s largest vaccination center inaugurated in Karachi

Minister for Health and Population Welfare, Sindh, Dr. Azra Pechuho on Monday inaugurated Pakistan’s largest vaccination center in Karachi. According to the details, Dr. Azra Pechuho inaugurated the vaccination center at Karachi’s Expo Centre. It has the capacity to carry out up to 30,000 vaccinations per day and will remain open 24 hours. Expo Centre … Read more