King Faisal Specialist Hospital and Research Centre Welcomes New Deputy CEO Amid Strategic Transformations

King Faisal Specialist Hospital and Research Centre Welcomes New Deputy CEO Amid Strategic Transformations RIYADH, Saudi Arabia, May 13, 2024 (GLOBE NEWSWIRE) — King Faisal Specialist Hospital and Research Centre (KFSH&RC) has recently welcomed Dr. Björn Zoéga as its Deputy CEO, an appointment that underscores its commitment to promoting and fostering healthcare excellence. Dr. Zoéga, renowned for his […]

King Faisal Specialist Hospital and Research Centre Welcomes New Deputy CEO Amid Strategic Transformations
King Faisal Specialist Hospital and Research Centre Welcomes New Deputy CEO Amid Strategic Transformations

King Faisal Specialist Hospital and Research Centre Welcomes New Deputy CEO Amid Strategic Transformations

RIYADH, Saudi Arabia, May 13, 2024 (GLOBE NEWSWIRE) — King Faisal Specialist Hospital and Research Centre (KFSH&RC) has recently welcomed Dr. Björn Zoéga as its Deputy CEO, an appointment that underscores its commitment to promoting and fostering healthcare excellence. Dr. Zoéga, renowned for his extensive experience in healthcare management and policy, joins a dedicated team as the hospital continues to drive key strategic initiatives.

KFSH&RC, a leader in medical research and clinical services, continues to attract global expertise to bolster its vision of healthcare excellence. With Dr. Zoéga’s involvement, the hospital is advancing a digital transformation strategy designed to improve operational efficiency and enhance patient care. His expertise in fostering international collaborations, evidenced by his former role as president of the European University Hospital Alliance (EUHA) and through initiatives like JOIN4ATMP aimed at advancing access to innovative therapies, further aligns KFSH&RC’s services with global healthcare trends.

Key projects at KFSH&RC include the deployment of advanced digital technologies to streamline the patient care process, the adoption of innovative care models, and the upgrading of facility amenities. These strategic efforts aim to improve access to medical services and facilitate better communication, reflecting KFSH&RC’s dedication to setting new standards in healthcare.

Dr. Zoéga’s previous contributions at Karolinska University Hospital, which is ranked the second best in Europe and seventh globally by Newsweek’s 2024 World’s Best Hospitals, where he nurtured a culture of continuous learning and collaboration among healthcare professionals, align well with KFSH&RC’s objectives. His role in fostering programs like EUCARE and facilitating the Europe-wide exchange of intensive care nurses during crises has significantly enhanced staff development and supported his previous hospital’s goal of attracting top talent—a principle mirrored in KFSH&RC’s transformation journey. With Dr. Zoéga contributing to leadership, KFSH&RC is poised to further its role as a pivotal player in shaping the future of healthcare in Saudi Arabia.

About King Faisal Specialist Hospital and Research Centre:

King Faisal Specialist Hospital & Research Centre stands among the global leaders in providing specialized healthcare, driving innovation, and serving as an advanced medical research and education hub. Through strategic partnerships with prominent local, regional, and international institutions, the hospital is dedicated to advancing medical technologies and elevating healthcare standards worldwide.

The hospital has secured its position as the leading brand in the healthcare sector across the Kingdom and the Middle East, marking its second consecutive year as the most valuable healthcare brand. It ranks 9th within the Kingdom and 28th in the Middle East. The hospital distinguishes itself as the sole hospital globally to break into the top 10 brands in its country, as highlighted in two reports by “Brand Finance” on the 50 most valuable brands in Saudi Arabia and the 150 most valuable brands in the Middle East in 2024.

Due to the transformation programs and the Kingdom’s Vision 2030, launched by His Royal Highness the Crown Prince and Prime Minister – may God protect him – to enhance the Kingdom’s leadership in the global healthcare sector, KFSH&RC has emerged as a leading Academic Medical Centre in the Middle East and Africa. It maintained its 20th rank globally for the second consecutive year in 2024, according to “Brand Finance.” Additionally, it has been ranked among the top 250 hospitals globally in 2024 by the American magazine “Newsweek.”

For further information, please contact:

Mr. Essam AlZahrani, Acting Head of Media Affairs, 0555254429

Mr. Abdullah Alown, Media Coordination Officer, 0556294232

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Impulse Dynamics Surpasses 10,000 Patients Benefiting From CCM® Therapy for Heart Failure

Milestone Highlights Transformative Symptom Management for Patients Living with Heart Failure Marlton, NJ, May 13, 2024 (GLOBE NEWSWIRE) — Impulse Dynamics, a global medical device company dedicated to improving the lives of people with heart failure (HF), announced today that it has reached a worldwide milestone by surpassing 10,000 patients having received the Optimizer® system […]

Milestone Highlights Transformative Symptom Management for Patients Living with Heart Failure

Marlton, NJ, May 13, 2024 (GLOBE NEWSWIRE) — Impulse Dynamics, a global medical device company dedicated to improving the lives of people with heart failure (HF), announced today that it has reached a worldwide milestone by surpassing 10,000 patients having received the Optimizer® system for the treatment of moderate HF. This milestone highlights the benefit and importance of this therapy in helping patients live a full life with HF.

“I noticed positive changes since the procedure, such as not feeling cold or numb, I could walk every day and everywhere, did my regular chores and shopping, and shared activities like swimming with my daughter,” said Tracey, who received her CCM® device in 2023. “I’m no longer huffing, puffing, or gasping for air,” said Joe, another HF patient who received his CCM device in 2022. “I’m reborn ─ a whole new person ─ no longer incapacitated. My life has changed so much that we’re considering taking a trip. And my wife is ecstatic because I have my life back, and we have ours again.”

“We are deeply motivated by the patients who benefit from CCM therapy. Their progress inspires us to continuously enhance our technology, aiming to improve the lives of those suffering from heart failure,” said David Prutchi, Chief Technology Officer for Impulse Dynamics, who has worked on the development of CCM therapy since its inception.

David had the opportunity to meet one of these patients, Raynita, who was implanted with an Optimizer device this year. Raynita saw immediate improvement after starting CCM therapy and gave the following remarks on the experience: “I feel like a different person. I can do things I haven’t done in years. I am attending my granddaughter’s college graduation!”

CCM is available in 44 countries, and the technology has continued to advance, based on the needs of patients and physicians. The latest generation of the proprietary CCM technology is the Optimizer Smart Mini, which offers a rechargeable battery with 20-year battery life and a smaller size designed to make the implant procedure faster and easier for patients and physicians.

“We are committed to ongoing innovation in this important therapy that has such a clear clinical need around the world,” said Jason Spees, CEO of Impulse Dynamics. “We are also getting closer to significantly impacting the implantable cardioverter defibrillator (ICD) market with successful enrollment in our INTEGRA-D clinical trial on the CCM-D® HF System, which is the first-of-its-kind technology, combining the lifesaving benefits of an ICD with HF symptom relief through CCM therapy in one device.”

The patients statements in this Press Release represent the testimonials of their individual outcomes and may not be typical for all patients.

About the Optimizer and CCM Therapy 

The Optimizer Smart Mini system delivers CCM therapy — the company’s proprietary technology — to the heart, providing an important treatment option for the millions of patients suffering from heart failure. CCM therapy is designed to significantly improve heart contraction, allowing more oxygen-rich blood to be pushed out through the body.[1] CCM therapy is indicated to improve 6-minute hall walk, quality of life, and functional status of NYHA Class III HF patients who remain symptomatic despite guideline directed medical therapy, are not indicated for CRT, and have a left ventricular ejection fraction ranging from 25 to 45 percent.

CCM is the brand name for cardiac contractility modulation—the non-excitatory electrical pulses delivered by the implantable Optimizer device to improve heart contraction. CCM therapy sends unique electrical pulses to the heart cells during the absolute refractory period. In doing so, CCM helps the heart contract more forcibly. Impulse Dynamics has completed numerous clinical studies, including several randomized controlled trials, the results of which appeared in more than 100 articles from leading medical journals.

About Impulse Dynamics

Impulse Dynamics is dedicated to advancing the treatment of heart failure for patients and the healthcare providers who care for them. The company pioneered its proprietary CCM therapy, which uses the Optimizer technology platform to improve quality of life in HF patients. CCM therapy is delivered through the Optimizer system, which includes an implantable pulse generator (IPG) implanted in a minimally invasive procedure and approved for commercial use in the United States and 44 countries worldwide. More than 10,000 patients have received the therapy as part of clinical trials and real-world use, where it is proven to be safe and effective for heart failure patients with debilitating symptoms who otherwise have few effective options available to them. To learn more, visit www.ImpulseDynamics.com, or follow the company on LinkedIn, X (formerly Twitter), and Facebook.

Forward-looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expect,’’ ‘‘plan,’’ ‘‘anticipate,’’ ‘‘could,’’ ‘‘intend,’’ ‘‘target,’’ ‘‘project,’’ ‘‘contemplate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘predict,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements include, but are not limited to, statements concerning potential benefits of CCM therapy. These forward-looking statements are based on management’s current expectations and involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Other important factors that could cause actual results, performance or achievements to differ materially from those contemplated in this press release include, without limitation: the company’s future research and development costs, capital requirements and the company’s needs for additional financing; commercial success and market acceptance of CCM therapy; the company’s ability to achieve and maintain adequate levels of coverage or reimbursement for Optimizer systems or any future products the company may seek to commercialize; competitive companies and technologies in the industry; the company’s ability to expand its indications and develop and commercialize additional products and enhancements to its current products; the company’s business model and strategic plans for its products, technologies and business, including its implementation thereof; the company’s ability to expand, manage and maintain its direct sales and marketing organization; the company’s ability to commercialize or obtain regulatory approvals for CCM therapy and its products, or the effect of delays in commercializing or obtaining regulatory approvals; FDA or other U.S. or foreign regulatory actions affecting us or the healthcare industry generally, including healthcare reform measures in the United States and international markets; the timing or likelihood of regulatory filings and approvals; and the company’s ability to establish and maintain intellectual property protection for CCM therapy and products or avoid claims of infringement. The company does not undertake any obligation to update forward-looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein. These forward-looking statements should not be relied upon as representing the company’s views as of any date subsequent to the date of this press release.


[1] European Journal of Heart Failure (2021) doi:10.1002/ejhf.2202

Attachment

Scott Way, Executive Vice President, General Counsel
Impulse Dynamics
856-434-7906
sway@impulsedynamics.com

Rohan More, Global Vice President, Marketing
Impulse Dynamics
856-642-9933
rmore@impulsedynamics.com

GlobeNewswire Distribution ID 9116301

Bombardier Inaugurates New Aviator Lounge in the Principality of Monaco

Bombardier inaugurates new Aviator Lounge in the Principality of Monaco The Aviator Lounge by Bombardier was officially opened by H.S.H, Prince Albert II of Monaco The new Lounge provides a state-of-the-art space where visitors can learn about Bombardier’s best-performing aircraft, history, and innovations, including the groundbreaking research into more sustainable ways to fly Located in the […]

Bombardier inaugurates new Aviator Lounge in the Principality of Monaco
Bombardier's Aviator Lounge was officially inaugurated by H.S.H. Prince Albert II of Monaco and Pierre Beaudoin, Chairman of the Board, Bombardier. They were joined by (from left to right) Emmanuel Bornand, Vice President, International Sales, Bombardier, Hélène Robitaille, Mr. Beaudoin's wife, and Dr. Diane Vachon, Honorary Consul General of Monaco in Montréal and Ottawa, Permanent Representative at ICAO and President of the Prince Albert II of Monaco Foundation (Canada).

Bombardier’s Aviator Lounge was officially inaugurated by H.S.H. Prince Albert II of Monaco and Pierre Beaudoin, Chairman of the Board, Bombardier. They were joined by (from left to right) Emmanuel Bornand, Vice President, International Sales, Bombardier, Hélène Robitaille, Mr. Beaudoin’s wife, and Dr. Diane Vachon, Honorary Consul General of Monaco in Montréal and Ottawa, Permanent Representative at ICAO and President of the Prince Albert II of Monaco Foundation (Canada).

  • The Aviator Lounge by Bombardier was officially opened by H.S.H, Prince Albert II of Monaco
  • The new Lounge provides a state-of-the-art space where visitors can learn about Bombardier’s best-performing aircraft, history, and innovations, including the groundbreaking research into more sustainable ways to fly
  • Located in the heart of Monaco, at the harbour level of the Monaco Yacht Club, the new space complements the company’s already strong presence in Europe that includes two service centres and several other facilities across the continent
  • The Aviator Lounge is the first space of this kind by any jet company, with bespoke interior designed by Andrea Mosca
  • Guests of the Lounge inauguration got a first look at Bombardier, the new Ultimate Book by Assouline that presents over 80 years of company and family legacy through stunning visuals and exclusive insights

MONTRÉAL, May 13, 2024 (GLOBE NEWSWIRE) — Bombardier proudly opened the new Aviator Lounge by Bombardier, strategically located at the Monaco Yacht Club. H.S.H. Prince Albert II of Monaco officially inaugurated the Lounge in the company of Pierre Beaudoin, Bombardier’s Chairman of the Board and other Bombardier’s senior leadership members. The new Lounge will provide a visually stunning, welcoming space for visitors to learn about Bombardier’s aircraft, legacy, and innovations. Guests of this exclusive lounge will be hosted by Bombardier’s regional sales team.

“We are immensely proud to reaffirm our presence in the region with the opening of the magnificent new Aviator Lounge by Bombardier, the first tailor-made space of this kind by any jet manufacturer. We are honoured to be so firmly anchored within the Monaco Yacht Club, a historic and prestigious institution at the heart of the Principality of Monaco,” said Emmanuel Bornand, Vice President of International Sales, Bombardier. “The Aviator Lounge is a unique meeting place. Thanks to its location, it symbolizes the meeting of the land, the sea and the air. Most importantly, it provides a welcoming place for us to meet with anyone who wants to stop by to learn about Bombardier’s groundbreaking research in sustainability, about the eight decades of innovation that resulted in uncompromising, record-breaking performance of our jets, and our pioneering research into more sustainable ways to fly.”

The Aviator Lounge complements Bombardier’s already strong presence across the globe. In Europe, members of Bombardier’s sales team are strategically located across the continent to be available to clients wherever they are. A broad network of service facilities includes two service centres, in London – Biggin Hill and Berlin, and five Line Maintenance Stations. These include stations at the Nice airport, the second busiest in Europe in terms of business aviation, and at Le Bourget airport in Paris.

An innovative and welcoming design

The Aviator Lounge, which already reflects Bombardier’s new brand identity unveiled only weeks ago, is a design masterpiece. It was conceived by the renowned Paris-based architect Andrea Mosca. Working from a blank canvas, he conceptualized an inviting space that is centered on Bombardier’s core value: the importance of authentic, personal, family-like relationships.

Mosca found ingenious ways to integrate Bombardier’s most important innovations and achievements into the design, both as their symbols and as conversation starters. The welcome desk in the shape of an aircraft wing hints at Bombardier’s legacy of innovation in wing design. It evokes the winglet that was first used on Learjet aircraft before becoming prevalent in aircraft design. It is also a tribute to Bombardier’s Smooth Flĕx Wing, an engineering marvel behind the legendary smooth flight and uncompromising performance of Bombardier Global aircraft, which can perform in all types of weather and are the largest to land in airports like Gstaad’s Saanen. A stunning lightning feature resembling an engine fan blisk hangs from the ceiling, a reminder that Bombardier was the first in business aviation to use this advanced engine type.

Bombardier’s EcoJet research platform, through which the company is testing aerodynamic, propulsion and other enhancements with the potential to reduce an aircraft’s greenhouse gas emissions by 50%, is prominently displayed as well. It serves as a symbol of Bombardier’s longstanding dedication and commitment to finding tangible ways to reduce aviation’s environmental footprint.

Stunning photographs of Bombardier aircraft by the renowned French photographer Guillaume Plisson grace the walls and further elevate the space. The images were taken as part of his recent extensive collaboration with Bombardier that resulted in a host of evocative images that add to the company’s new visual identity. This was the first foray into the world of aviation for Plisson, one of the world’s most prominent maritime and yacht photographers.

New Assouline Ultimate book celebrates Bombardier’s heritage

During the inauguration of the Aviator Lounge, guests were also able to see for the first time the brand-new book Bombardier, by the acclaimed publishing house Assouline. The book, an Assouline Ultimate edition, charts Bombardier’s history from its beginnings in Valcourt, Québec (Canada), where the legendary innovator Joseph-Armand Bombardier founded the company in the 1920s after inventing a first snowmobile, until its current evolution as a company focused solely on designing, manufacturing and servicing the world’s best business jets. The deeply researched book is complemented with insights from Laurent Beaudoin, Joseph-Armand Bombardier’s son in law, who helmed the company from 1966 to 2008, and his grandson Pierre Beaudoin, Bombardier’s current Chairman of the Board. Thanks to fascinating archival photography and new visuals by Guillaume Plisson, readers will be treated to a window seat to the fascinating history and legacy of the legendary Canadian business jet company. The book will be on sale from June 2024.

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,000 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico.

For information

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system, visit bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X (Twitter) @Bombardier.

Forward-looking statements

This press release contains certain forward-looking statements. By their nature, forward-looking statements require the Corporation to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from those set forth in the forward-looking statements. Please refer to the “Forward-Looking Statements” disclaimer contained in Bombardier Inc.’s most recently published financial report for additional details.

Media Contacts
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Tinca Stokojnik Prouvost
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Bombardier, Learjet, Global, and Smooth Flĕx Wing are are registered or non-registered trademark of Bombardier Inc. or its subsidiaries.

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Pakistan Army inaugurates Girls school in Darra Musa, Peshawar

Pakistan Army has inaugurated a school in Darra Musa near Peshawar for the education of girls.

The inauguration of the school is a testament to the success of Pakistan Army’s “Ilm Tolo Da Para”.

Pakistan Army is also working on many skill developme…

Pakistan Army has inaugurated a school in Darra Musa near Peshawar for the education of girls. The inauguration of the school is a testament to the success of Pakistan Army's "Ilm Tolo Da Para". Pakistan Army is also working on many skill development programs to empower youth and women. A large number of youth and women have also benefited from these programs. Pakistan Army has also inaugurated a dispensary to provide basic health facilities to the people of the area. Residents of the area thanked the Pakistan Army for the inauguration of the girls' school and dispensary. Source: Radio Pakistan

CDA is Considering Different Routes for Public Transport Buses in Islamabad

Islamabad’s urban transport project is already encountering a route change before completion. Due to delays in widening Park Road, the Transport Wing has refused to operate buses in the area.

It has been decided that the imported electric buses from…

Islamabad's urban transport project is already encountering a route change before completion. Due to delays in widening Park Road, the Transport Wing has refused to operate buses in the area. It has been decided that the imported electric buses from China will not be operated on the under-construction Park Road. Initially, the Capital Development Authority (CDA) had decided to operate the buses on two routes. Originally, electric buses were supposed to be operated on Park Road and IJP Road. However, due to the incomplete status of Park Road, the civic authority is considering two new routes. Due to the ongoing construction on Park Road, the G-11 Markaz to PIMS route is being considered. According to CDA sources, the second route could be from the National Library to PIMS. However, the authorities still have a few weeks to decide on the electric buses from China are scheduled to arrive in the next fifteen days. If the road is not completed within that time, fifteen buses will operate on either the G-11 Ma rkaz to PIMS route or the National Library to PIMS route. If the IJP Road project is completed as scheduled, the plan will remain unchanged. The buses are expected to arrive in Islamabad within ten days of their arrival at Karachi Port. As the bus depot is still under construction, the buses will temporarily operate from the convention center. Six chargers have been imported for thirty buses. Each charger is capable of charging one bus in one and a half hours. Once fully charged, the buses can operate on the roads throughout the day. Source: Pro Pakistani

PM directs to use technology for making wheat procurement process transparent

Prime Minister Shehbaz Sharif has directed the authorities concerned to use technology to make the wheat procurement process clean and transparent.

Chairing a meeting regarding wheat stocks in Lahore, he said a mobile phone application should be dev…

Prime Minister Shehbaz Sharif has directed the authorities concerned to use technology to make the wheat procurement process clean and transparent. Chairing a meeting regarding wheat stocks in Lahore, he said a mobile phone application should be developed in this regard. The Prime Minister ordered the suspension of the Managing Director and the General Manager Procurement of PASSCO for not following the instructions regarding the use of technology in the wheat procurement process and for being negligent in this regard. Shehbaz Sharif directed to conduct a third party audit of PASSCO's stock. He said insurance of crops should be ensured for economic security of farmers. The Prime Minister directed PASSCO to procure four lakh metric tons of additional wheat in a transparent and efficient manner. Farmer's loss will not be tolerated under any circumstances. He said good performing PASSCO centers and officers will be selected and recognized at government level. Shehbaz Sharif said the government is taking e very possible step to ensure food security in the country and that all out measures will be taken for the prosperity of farmers. Source: Radio Pakistan

Pakistan to Provide 12 JF-17s to Iraq in Landmark Deal

Pakistan and Iraq have solidified their defense ties by signing a landmark agreement in Baghdad. The accord, aimed at enhancing defense cooperation, involves Pakistan’s provision of twelve MFI-Mushaq trainer aircraft and twelve JF-Thunder Block III f…

Pakistan and Iraq have solidified their defense ties by signing a landmark agreement in Baghdad. The accord, aimed at enhancing defense cooperation, involves Pakistan's provision of twelve MFI-Mushaq trainer aircraft and twelve JF-Thunder Block III fighter jets to the Iraqi Air Force. Reliable sources within the Pakistan Air Force (PAF) revealed that the $1.8 billion deal was reached during discussions between Pakistan's Air Chief Marshal Zaheer Ahmed Babar and his Iraqi counterpart at the Ministry of Defense in Baghdad. Secretary General of the Iraqi Ministry of Defense, Lieutenant General Ahmed Dawood, and Lieutenant General Shahab Jahid Ali represented Iraq in the talks. Both sides engaged in comprehensive discussions to finalize the terms of the agreement. This marks the second instance of Pakistan supplying Mushaq Trainer aircraft to Iraq. Following the successful induction of twelve Mushaq aircraft into the Iraqi forces in 2023, the Iraqi Defense Ministry expressed interest in acquiring more from th e PAF. In addition to the twelve Mushaq trainer aircraft, Pakistan will also provide twelve JF-Thunder Block III fighter jets to Iraq. These aircraft are currently undergoing technical evaluations to ensure compatibility with Iraqi requirements. Iraq will join the ranks of Nigeria, Myanmar, and Azerbaijan as recipients of the JF-Thunder aircraft, highlighting Pakistan's growing stature in the global defense market. During discussions in Baghdad, Air Chief Marshal Zaheer Ahmed Babar provided Iraqi defense officials with detailed insights into the technical specifications and performance capabilities of the JF-Thunder aircraft. Iraqi officials are expected to visit Pakistan soon to personally inspect the manufacturing processes of these aircraft at the Pakistan Aeronautical Complex (PAC) in Kamra. Source: Pro Pakistani

AJK govt announces subsidies on flour, electricity prices

Azad Jammu and Kashmir government has announced subsidy in prices of flour and electricity immediately after the federal government approved release of twenty three billion rupees from national exchequer to solve the issue.

Addressing a news confere…

Azad Jammu and Kashmir government has announced subsidy in prices of flour and electricity immediately after the federal government approved release of twenty three billion rupees from national exchequer to solve the issue. Addressing a news conference in Islamabad today, Prime Minister Azad Kashmir Chaudhry Anwaar ul Haq said notifications have been issued immediately following intervention of Prime Minister Shehbaz Sharif. He thanked Prime Minister Shehbaz Sharif for his keenness in resolving the issue amicably and ordering the prompt issuance of notifications. As per the notification, price of flour has been reduced from 3100 rupees to 2000 rupees per 40 kilogram. Electricity prices will be 3 rupees per unit for usage between 1-100 units, 5 rupees per unit for usage between 100-300 units and 6 rupees per unit for the 300-above slab. Commercial rates of electricity have been fixed at 10 rupees per unit for 1-300 unit slab and for 300 above slab, it has been fixed at 15 rupees per unit. The AJK Prime Minister thanked the federal government for enduring a burden of twenty three billion rupees on national exchequer with an open heart to for the sake of people of Azad Kashmir. Source: Radio Pakistan