Daily Archives: April 13, 2018

Your inability cannot see my ability, punch-line of the fashion showcase by Nauman Arfeen at Fashion Pakistan Week – Spring Summer Edition 2018.

Karachi, March 12: Special children are precious and one of us! They can do wonders for our country as a nation. If only they are given a proper platform to exhibit their capabilities and talent.

This was the message in one of the showcase in the second and final day of the Fashion Pakistan Week (FPW) which displayed the creations of our nation’s noted fashion designer, Nauman Arfeen.

The gem of the day was the impressive walk of the special Olympians who walked for Nauman Arfeen, flaunting their medals and winning applause of the overwhelmed audience for these unsung heroes of Pakistan.

This brave display of courage and dedication stressed the need to give the required platform to the special Olympians at governmental level.

The show was made a big success due to the cooperation, leadership and dedication of Ronak Lakhani, chairperson Special Olympics Pakistan whose great role made it all possible and to highlight the achievements of our nation’s pride, the special child Olympians.

About Special Olympics

Special Olympics is the world’s largest sports organization for children and adults with intellectual disabilities, providing year-round training and competitions to athletes and Unified Sports partners in nearly 172 countries. Their headquarters in Karachi, Pakistan is chaired by Ms. Ronak Lakhani who is awarded with the Sitara-e-Imtiaz in recognition of her selfless services to differently-abled persons.

About Nauman Arfeen

Nauman Arfeen is a name famous for his fashion designing skills. He caters all genders and all ages. His exquisite, unique and intricate designs are not only recognized in Pakistan but also all across the globe. His turbans are traditionally hand wrapped and the crowning glory of his brand. A groom is incomplete without his sherwani. Women swear is blooming with time and his attires are to drool over. Even the kids are dressed to perfection by Nauman Arfeen.

SOUTH AFRICAN POWER UTILITY ESKOM CONFIDENT OF WINNING APPROVAL FOR TARIFF HIKE

JOHANNESBURG– Eskom, South Africa’s State-owned power utility, says it is confident that the national energy regulator, Nersa, will approve its application a tariff increase yielding an additional 66 billion Rand (about 5.48 billion US dollars) in revenue.

The power utility is trying to recover the money to offset a shortfall in revenue it lost between 2014 and 2017. The public hearings on the request for tariff increases will begin in Western Cape Province and end in Gauteng Province in May.

A Constitutional Court ruling in August 2017 has cleared the way for Nersa to process three Eskom tariff hike applications, Eskom General Manager Hasha Tlhotlhalemaje told a media briefing in Johannesburg Thursday.

This deals with the risk managing process in comparing what Nersa’s decision was and what actually happened and the variances that occurred to various factors, including the change in the (electricity) sales volume, the price of crude oil, the price of coal, etc. So, this is not additional costs that Eskom is incurring, but rather variances that had occurred that Nersa had already decided on.

Nersa is to decide how much money Eskom needs. The power utility says the amount will be spread over a period of three to five years. Nersa will make an announcement on its decision in June.

Eskom estimates that the increases, if approved, will not be more than 3.0 per cent per annum. It has also cautioned consumers to note the VAT increase will impact on their electricity bill starting at the end of April.

We do respect that this is a large amount of money because it’s for a three-year period and this was delayed due to particular court processes. But Eskom is cognizant of the methodology of the phasing out of this prudent cost. There was already a lower decision that was made and this is the recovery of the previous decision, says Tlhotlhalemaje.

Source: NAM NEWS NETWORK

SOUTH AFRICA MINING OUTPUT RISES 3.1 PCT IN FEBRUARY

JOHANNESBURG– South Africa’s mining sector made gains in February with mining output rising by 3.1 per cent compared with the previous month, according to the latest data released by Statistics South Africa (StatsSA).

The biggest contributors to the higher output came from diamonds and iron ore.

An economist at Econometrix, a leading South African economic consultancy, Sam Rolland, says that finalising the proposed Mining Charter and taking advantage of the improvement in commodity prices will see further investment in the sector.

I think the hope for 2018 for many in the industry is that the Mining Charter will be finalised within the next month or two,” he said.

“And many are hoping that this is cause for a lot of more optimism and hopefully, we should see a return of fixed investment, particularly in the mining sector, which should bring about a quicker recovery and the hope is that the country will be able to take full advantage of the upswing in commodity prices.

Source: NAM NEWS NETWORK