Tag Archives: form

A view of the Monday trip, motorists encouraged to stay off the roads | Instant News



A view of Monday’s trip, motorists encouraged to stay off the roads | RiverBender.com.



image source

SC formed the bench to hear cases of an increase in funding today | Instant News


ISLAMABAD: Chief Justice of Pakistan Gulzar Ahmed on Tuesday was the larger five-member judge over the issue of distribution of development funds to lawmakers by Prime Minister Imran Khan, to be tried today (Wednesday).

The bench, presided over by Supreme Court Justice Gulzar Ahmed, includes Judge Isa, Hakim Mushir Alam, Judge Umar Ata Bandial and Judge Ijaz Ul Ahsan. The court has issued notices to the Chief Secretary of the Prime Minister, the Secretary of the Cabinet Division, the Secretary of the Treasury, the general federal and provincial advocates, and the chief secretary. The court has also notified the Attorney General as well as all the general’s advocates.

Last week, Judge Isa looked at a development fund approved for members of the National Assembly and provincial assemblies by Prime Minister Khan at a meeting last month, warning that legal proceedings would begin if the move was found to be illegal. .

On January 27, Prime Minister Khan chaired a meeting of the parliamentary party of the ruling alliance led by Pakistan Tehreek-e-Insaf (PTI) at the Parliament Building, where he approved grants of Rs500 million for each member of the National Assembly and provincial assemblies.

Grants are allocated based on sustainable development goals so that lawmakers can implement development schemes in their constituencies. The decision was taken after long demands from lawmakers for the disbursement of development funds.

Judge Isa, while hearing a separate case, quoted a newspaper report on the approval of the development fund and summoned the Attorney General for Pakistani Lawyers Khalid Jawed Khan (AGP) to comment to the court on the matter.

The Attorney General said it would provide an update to the court upon receipt of instructions from the government and further provide assurance that any action taken will comply with the Constitution and legal precedents.

.



image source

The PTI forms a council for the Senate poll | Instant News


ISLAMABAD: Pakistan Tehreek-e-Insaf Monday established an 11-member parliament in connection with the selection of candidates for the Senate elections.

The parliamentary council was formed by the Prime Minister and Chairman of the PTI Imran Khan. It will comprise Imran Ismail, Shah Farman, Chaudhry Sarwar, Pervaiz Khattak and Asad Umar, Shafqat Mehmood, Usman Bazdar, Mehmood Khan, Amir Kayani and Shah Mehmood Qureshi. PTI Chair Imran Khan will chair the board, said a notice issued by PTI Chair Imran Khan.

.



image source

New Fortress Energy is betting on Brazilian LNG growth with the acquisition of Hygo | Instant News


RIO DE JANEIRO (Reuters) – US-based New Fortress Energy Inc said on Wednesday it would buy natural gas company Hygo Energy Transition Ltd for $ 2.18 billion to expand its presence in Brazil, the frontier for growth in the burgeoning liquefied natural gas market. developing.

New Fortress, an energy infrastructure company, is among the private sector players turning their sights to Brazil, where demand for super-cooled LNG is increasing, although the market is smaller than in India and China, where power generation is shifting away from more coal. dirty to natural gas.

With Brazil opening up its natural gas industry to private investors, other companies including oil major BP PLC and US-based EIG Global Partners are also planning multibillion-dollar investments in the country.

New Fortress, a growing competitor in the LNG industry, has a small liquefaction plant in Florida and ships LNG throughout the Caribbean. In the past year, its market value has jumped 286% to $ 10 billion, according to Refinitiv Eikon data. The company is building a larger LNG import terminal in Mexico.

The company will acquire all of Hygo’s outstanding shares for 31.4 million shares of NFE Class A common stock and $ 580 million in cash.

Brazil’s annual demand for LNG is expected to grow by more than 80% by 2021, the fastest rate in the world, although its starting point is relatively low compared to large Asian consumers, said Kristen Holmquist, forecasting specialist at Poten & Partners.

Unlike these countries, most of Brazil’s electricity comes from hydropower. This LNG supply is partly intended to replace the supply of natural gas from pipelines originating from Bolivia.

Hygo transports supercooled fuel and has become a key player in Brazil’s natural gas industry as state-controlled Petrobras sells assets, canceling what was almost a monopoly on the market.

Hygo – a 50-50% joint venture between US private equity firm Stonepeak Infrastructure Partners and Golar LNG – has recently invested in a number of LNG projects in Brazil for power generation. The company is also competing to operate a highly desirable LNG import terminal which is leased by Petrobras.

“There is strong growth in Brazil for electricity-powered projects,” Holmquist said in a webinar on Wednesday.

Hygo has told Reuters in 2020 that it plans to use LNG instead of diesel in trucks.

The transaction has a corporate value of $ 3.1 billion and an equity value of $ 2.18 billion, according to the statement.

The Hygo acquisition comes four months after the company’s trading debut in New York was suspended at the last minute after Brazilian federal prosecutors said the then company’s chief executive was appointed in the early stages of a corruption investigation, to activity at the company previously.

The CEO at the time, Eduardo Antonello, had left the company. He hasn’t been charged.

New Fortress also agreed to buy Hygo’s controlling company, Golar LNG Partners LP for about $ 251 million in general equity value and a company value of $ 1.9 billion.

Golar LNG Ltd was up 15% in US trading, while New Fortress Energy was up 10%.

Reporting by Sabrina Valle and Rithika Krishna; Edited by Maju Samuel, Krishna Chandra Eluri, Steve Orlofsky and David Gegoryo

.



image source

The Karachi police chief forms a team to catch the killer of Zain Ali Effendi | Instant News



The day after Zain Ali Effendi’s murder, the great-grandson of renowned educator Hassanally Effendi, the Karachi police chief formed a high-ranking police team to catch the hitherto unknown killer whose case was registered on the complaint of the victim’s widow.

SSP East District Sajid Sadozai will lead the investigation team, which consists of Jamshed SP Farooq Bajarani Division, Darakhshan SDPO Zahid Hussain, Ferozabad SHO Aurangzaib Khattak, Jamshed Quarters SHO Chaudhry Zahid Hussain and Jamshed Quarters SIO Imtiaz Ahmed.

According to the related notification, the additional IGP Ghulam Nabi Memon has directed the team to investigate the case and arrest the murder perpetrators and recover all looted items.

Senior officers from the Karachi police, the Sindh Counter-Terrorism Department and the intelligence services visited Effendi’s home and placed zoning restrictions, because one of the perpetrators had called his gang.

The police chief came to the victim’s house, where he discussed the case with his family. He told the media later that Karachi police arrested several gangs and caught criminals in the past, and that the police would have to work hard if such an incident happened.

He said a special team had been formed and all evidence had been collected. When asked about White Corolla gang involvement or personal animosity, Memon said nothing could be said for sure until the investigation was over.

However, he continued, the White Corolla gang member had just been arrested by the police. Experts from the forensic division of the Sindh Police also came to the victim’s house to be examined and to collect evidence.

The FIR of the incident, which occurred in the early hours of Wednesday near Peoples Chowrangi, was registered at the Jamshed Quarters police station over Effendi’s widow’s complaint. Police have included a section on killing someone for offering resistance during the robbery attempt in the case.

According to the complainant, four men broke down their bedroom door at 4:20 am and started begging for jewelry and collecting valuables, and they shot her husband after he turned down the robbery offer.

“I immediately gave them my chain and ring. After my husband fought back, one of the robbers pushed my husband out of the room and shot him, ”she said. The robbers also fired three or four more shots and also tied the domestic servants with ropes.

Investigators say that according to statements from the housemaid, the main motive may not be robbery: after entering the house, the robbers asked for Effendi, and when help directed them to his room, they immediately entered and shot. he died.

Officials said the robbers had taken a gun and cellphone with Effendi’s license and his wife’s chain. They suspect that the culprit may be trying to change the nature of the incident.

“In some cases, the perpetrators tried to change the nature of the incident because they wanted the case to appear like robbery so they ran off with some valuables to mislead the police,” said the senior investigator.

The officer said that their investigation was in its early stages, so nothing can be said for sure about the nature of the incident, as it could be a robbery or a target assassination.

Police have obtained CCTV camera footage from the victim’s house showing that the perpetrator appears to be from Afghanistan and wearing a shalwar kameez and trainer. The footage shows them arriving home by car at 3:25 a.m. and leaving after 55 minutes.

During his visit to Effendi’s house, said former chairman of the Police-Citizen Liaison Committee Jamil Yousuf

the media that the murder had actually occurred because they refused the robbery offer. He said the robbers first took the servants hostage, then took the gold jewelery from Effendi’s wife, searched the warehouse and also shot Effendi there. He also said there were five robbers involved in the incident.

.



image source