IBA,
Pakistan's prestigious business school is going to have a fresh look
shortly. The faculty is being strengthened with more doctors to be
hired from within and outside the country. Existing auditorium and
libraries, which are presenting a shabby look, have to be entirely
refurbished. IBA to have a world-class auditorium, a prestigious
library and a suitable canteen for the students. Banking sector has
expressed its willingness to sponsor refurbishing scheme of auditorium
and the canteen. IBA graduates working abroad collecting books for the
library. Construction of girls' hostel is also the part of the
development plan.
KESC
At
present electricity consumers in KESC's franchised area are facing
long hours of load shedding mainly due to huge gap in demand and
in-house power generation. Since KESC is not in a position to increase
power generation capacity and to revamp highly depleted T&D
network, PAGE analyses various options including its sale to
Chinese investors who have expressed interest in buying out KESC.
SHIP-
BREAKING INDUSTRY
Gadani,
once the biggest ship-breaking yard of the world, wears a deserted
look today. There are no ships to be scrapped at present and the total
quantity of scrap has come down to a low 160,000 tonnes in last ten
months compared to a million plus tonnes in the better days. The
situation is blamed on substantial increase in the international
prices of ship scrap as well as the high duty imposed on its import
into the country.
