Tag: stake

Series of charges puts Pakistan Science Foundations future at stake

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article image BY SIDRA SAIF ISB: Following the critical reservations of National Assembly Committee on Science and Technology over the performance of Pakistan Science Foundation (PSF) and subsequent initiation of probe into the zero progress on SandT in its mandated area despite having huge manpower and alleged irregularities, a big question arises as to how the Foundation will justify its existence, alleged misuse of funds especially when its bosses are already facing multiple charges of non-…Read More

SingTel to sell stake in loss-making Warid

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article image STAFF REPORT LHR: Singapore Telecommunications Ltd. (Z74.SG), Southeast Asia’s biggest mobile phone company, has announced to sell all of its 30 per cent stakes in Pakistan’s Warid Telecom (Pvt) Ltd.The company will take an estimated loss of about 230 million $186 million on the transaction. SingTel had been looking to sell the stake in the loss-making company since July when it reclassified Warid as an asset held for sale’ and ceased accounting for its stake in the operator.The planned…Read More

Funds paucity putting higher education at stake

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article image STAFF REPORT IBD: The higher education sector in Pakistan is increasingly being marginalised mainly due to the persistent lack of adequate funding from the central government, thus putting at stake the future of thousands of those getting higher education and the pace of the national progress as well.Sources in the Higher Education Commission said that despite repeated requests, the federal government has not so far released the promised additional grant of Rs 4.6 billion for recurring…Read More