Listen to article The Lahore High Court on Tuesday issued a stay order against the collection of fixed charges on electricity bills, following a petition filed by nine companies, including Flying Paper Mills. Justice Muhammad Raza Qureshi presided over the hearing, where the petitioners challenged the imposition of fixed charges by Lahore Electric Supply Company (LESCO). Representing … Read more
Punjab-based cement manufacturers have obtained a stay order from the court against imposing a 6% royalty on ex-factory cement and clinker prices for limestone and argillaceous clay. The stay order, however, is contingent upon the manufacturer’s furnishing bank guarantees, according to a brokerage report. Despite the stay order, companies are expected to account for the … Read more
Former Bangladeshi prime minister Sheikh Hasina Wajid.— Reutes/file Former Bangladeshi prime minister Sheikh Hasina is expected to remain in India until the UK grants her asylum, according to Bangladeshi news channel Republic TV. The TV channel reports that India is set to provide Hasina with all necessary logistical support, as quoted by their New Delhi … Read more