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Showing posts with the label Karachi

K-Electric’s new Chairman is hero or villain for the country?

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‘SEHGAL deserted with personal weapon, batman after noon March 29, 1971’ K-Electric (KE) board of directors has elected Ikram Sehgal as new Chairman of the Board with immediate effect. Ikram Sehgal succeeds Tayyab Tareen who resigned from the role on 18 January. With more than 40 years of business experience, Ikram Sehgal is Chairman, Pathfinder Group Pakistan. According to a claim made by K-Electric while serving in the Pakistan Army, Ikram Sehgal was the first Pakistani PoW in history to escape from an Indian camp. He holds a commercial pilot license and later started his own business in 1977. However, the ‘Desertion Report’ in Pakistan Army’s record gives an entirely adverse picture. It was sent by his (PA7374) Logistic Flight to GHQ at 0200 hrs on March 31, 1971 and said "PA7374 IKRAM UL MAJEED SEHGAL deserted with personal weapon and batman after noon 29 March." The allegation against 2E Bengal was that when they revolted, they killed their West Pakistani Off...

Budget proposals and Circular Debts scam

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A group of industrialists in Karachi have confessed that the 32,000 MW production of electricity claim by government authorities and IPPs was suspicious. They are going to challenge and demand for its physical audit just to clear the mystery of heavy Circular Debts that has made the life miserable for general people in the country.     The Economic Council of the Employers’ Federation of Pakistan in its first ever endeavor initiated solutions to various economic and financial issues impeding the economic growth and prosperity of Pakistan. EFP was certain that the economic policymakers of the government would accord positive consideration to these proposals. Addressing the media at Karachi Press Club , Majyd Aziz, President EFP presented Federal Budget Proposals 2019-2020. Ismail Suttar, Chairman EFP-EC, and Zakaria Usman, Chairman, Budget Advisory Committee, highlighted the salient features of the proposals. They emphasized on broadening the tax base, reducin...