MODEL ECONOMIC ZONE TO BE SET UP UNDER CPEC: Minister A model economic zone will be set up under the second phase of China-Pakistan Economic Corridor (CPEC) to captivate the interest of overseas Pakistani and Chinese investors’. LAHORE: A model economic zone will be established under the China-Pakistan Economic Corridor (CPEC) to maintain the interests of overseas Chinese and Pakistani investors, while...
ISLAMABAD –Asad Ali Memon became the first Asian and Pakistani to climb Kilimanjaro, the highest peak (5,895 metres or 19,341 ft) on the continent of South Africa, in less than 24 hours. In a tweet, the 23-year-old said it took him 20 hours to complete the summit and return to the gate. He arrived at the "starting point: Umbwe Gate" of Mount Kilimanjaroon on the morning of February 14th,...
RUPEE STRENGTHENS AGAINST DOLLAR Rupee Strengthened Against the US dollar to 159.31 rupees The rupee strengthened against the US dollar to 159.31 rupees in the interbank market on Wednesday compared with a close of 159.34 rupees on Tuesday, according to the State Bank of Pakistan (SBP). Previously, the SBP allowed the rupee to depreciate massively in the interbank market after the completion of an...
SBP allows housing loan on personal guarantee KARACHI: In order to make it easier for banks to extend the financing of low-cost housing, the State Bank of Pakistan (SBP) has allowed banks to accept a personal guarantee from a third party to finance low-cost housing to cover the risks of the mortgage. The news reported on Tuesday, February, 16, 2021 Currently, applicants face...
Imran Khan thanks Overseas Pakistanis for ‘record-breaking’ month of remittances ISLAMABAD: Prime Minister Imran Khan thanked Pakistanis overseas after seeing a record breaking month of remittances of up to $ 2.27 billion in January 2021. Prime Minister Imran Khan said in his Twitter posts: "Good news from the industrial sector, which shows sustained growth." He said large-scale manufacturing saw...
On February 11,2021, the PTCL group successfully tested its 5G network in a controlled environment at its headquarters in Islamabad in a limited environment on a non-commercial basis to achieve download speeds of up to 1,685 gigabytes per second (GBPS). Speaking on the occasion, Syed Aminul Haque said: “I am delighted to be present at this crucial event as the PTCL Group takes an important step to...
'The developers of illegal companies will be penalized’ LAHORE: Punjab Minister of Law and Cooperatives Raja Basharat said those who have developed illegal housing companies across the province will face punishment and directive from Prime Minister Imran Khan as savings protection would be guaranteed to the poor. He said this on Tuesday while chairing a meeting of the National Coordination Committee...
Claim to have a cricket stadium costing Rs358m To all the cricket and nature lovers out there, this one’s for you, especially the one’s residing in Pakistan. The provincial government has approved the construction of Hayatabad, Peshawar, and Kalam Valley cricket stadiums. Speaking of the regional sports games that Pakistan is renowned for, Prime Minister Imran Khan said, during his stay at...
Zaha Hadid Architects wins the competition for the construction of Phase II of the Beijing Zaha Hadid Architects (ZHA), founded by Pritzker Architecture Award winner Zaha Hadid, won the design competition for the construction of the second phase of the Beijing International Exhibition Center. The announcement comes just weeks after it was confirmed that the architects will work on two new projects: the...
Sajid Sadpara, son of missing Pakistani mountaineer Muhammad Ali Sadpara, said the chances of his father alive "are slim to zero". In a video message from Skardu, where he arrived early Sunday morning, Sajid said: "Rescue operations now only make sense if they are carried out to bring his body back. Otherwise, the chances of someone surviving 8,000 meters for two to three days. are slim to...
RAWALPINDI: Rawalpindi's retired commissioner, Captain Mohammad Mehmood, has ordered Pakistan's National Engineering Services (Nespak) to conduct an investigation and find ways to save a century-old Banyan Tree that falls on the Ring Road project site. YOU CAN ALSO READ: RAWALPINDI RING ROAD; A COMPREHENSIVE GUIDE Previously, Rawat residents had asked the government to prevent the felling of the...
Mera Pakistan Mera Ghar: SBP launches Service Desk Portal for the resolution of complaints Islamabad: According to a report released on January 25, 2021, Bridging the existing gap through technological advancements, the State Bank of Pakistan (SBP) has launched a “SBP Service Desk Portal” for people benefiting from the government markup grant scheme under the "Mera Pakistan Mera Ghar initiative....
Islamabad: The Capital Development Authority (CDA) and the Islamabad Capital Territory Administration (ICT) conducted a massive operation against the territorial mafia in the Shah Allah Ditta area of Islamabad on Wednesday January 27, 2021. According to officials, about 100 kanal of dirt were recovered during the operation. Land mafia illegally occupied 800 kanals of government forest land. They...
CDA has prepared a project for development of five parks along with jogging and cycling tracks in Sector D-12. They are doing this project as part of the campaign to develop, restore and beautify public parks in the capital city. According to a statement issued by CDA, they will start the work on the parks, jogging and cycling tracks soon. In addition, they will do this work in coordination with other...
After a break of seven long years, Capital Development Authority (CDA) has finally resolved a dispute with a previous contractor to pave the way towards restarting the project of construction of a road from G.T. Road to D-12. MARGALLA ROAD CDA started this project, worth PKR 588 million in 2012. It includes construction of an 8.5km portion of Margalla Road. Authorities had to complete this project...
Authorities have completed the assessment of land acquisition and transfer of services in the Leh Expressway (Nullah Lai) and flood channel project. However, the decision on the financial model remains indecisive, an official shared on Monday(25.1.2021). Prime Minister Imran Khan recently chaired a high-level meeting on the project. Thus, during the meeting he formed a committee to conclude the...