Pakistan has returned $1 billion to Saudi Arabia as the second installment of a $3 billion soft loan. For this purpose, Islamabad reaches out to Beijing for a commercial loan.This will help it offset pressure to repay another $1 billion to Riyadh next month, officials said on Wednesday. Analysts say it is unusual for Riyadh to press for the return of money. Relations between historically close friends...
ISTANBUL-TEHRAN-ISLAMABAD RAILWAY PROJECT The member countries held a meeting of Economic Cooperation Organization. The authorities indicated that the Istanbul-Tehran-Islamabad (ITI) railway project will resume its operations soon. THE RAILWAY PROJECT The national railways of Turkey, Iran, and Pakistan have mutually agreed to resume regular operations of the ITI container train. Hence, until...
The Capital Development Authority (CDA) has completed work on repairing, restoration, and decoration of more than 50 parks in different sectors of the metropolitan. Portable washrooms are installed in the parks by the management. CDA has issued tenders for the uplifting of Srinagar Highway and Landscape of Golra Interchange. According to details, CDA's work for repairing, restoration, and...
Prime Minister Imran Khan on Saturday(12.DEC.2020) told the United Nation's climate change summit that Pakistan expects 60% clean energy by 2030.He further added that Pakistan aims to mitigate the effects of climate change by using clean energy. Addressing the summit, the PM said that 30% of all the country's vehicles would run on electricity shortly. "Pakistan is the country whose contribution to...
Prime Minister Imran Khan on Friday (11.DEC.2020), said that tourism is exploding in Pakistan for the first time in history. Therefore, the need for eco-friendly policies has become more critical than ever before. According to sources, the PM was addressing the launch ceremony of an eco-tourism agreement signed between the Khyber Pakhtunkhwa government, the World Bank, and Nestle Pakistan. During...
CONSTRUCTION AND MANUFACTURING RECOVERY The Asian Development Bank (ADB) has said Pakistan’s economy is recovering, even as a second wave of the Coronavirus has affected businesses. ADB said that economic activity in South Asia has started to normalize from the third quarter. And Pakistan’s economy is recovering, particularly in manufacturing and construction. Despite the persistent spread of...
A PAKISTANI PROJECT WON AWARD A Pakistani project won an international award for proactive disaster management. AKAH project combines satellite images, mapping technologies and the local knowledge of villagers. It helps to build climate-proof settlements in disaster-prone areas of Pakistan. This project won an international award on Thursday. More than one million people have benefited from the Aga...
PM IMRAN KHAN INAUGURATES Prime Minister Imran Khan on Wednesday (9.DEC.2020) inaugurated AirSial in Sialkot. It is the third private airline of Pakistan After the inauguration, PM Spoke to the business community. The Prime Minister said that the airline was an "excellent initiative". He further added that it would create much-needed competition for the Pakistan International Airlines. Furthermore, it...
TRANSFORMATIONAL PROJECT Foreign Secretary Sohail Mahmood on Monday held a meeting with China-Pakistan Economic Corridor (CPEC) Chairman Lt Gen (r) Asim Saleem Bajwa, wherein he said that CPEC is a transformational project. Besides, he said that there is a complete national consensus on CPEC’s indispensability for Pakistan’s national development efforts. “Pakistan and China are firmly committed...
30% ELECTRIC VEHICLES BY 2030 Pakistan has informed the international community that it’s working on a new plan. The plan ensures that by 2030 at least 30 per cent of the vehicles used in the country will be electronic. Along with Denmark and Norway, Pakistan co-chaired a 32-nation Group of Friends on Sustainable Energy, which is committed to a transition from fossil fuel to renewable energy....
MARGHAZAR ZOO Marghazar Zoo Islamaabd will be transformed into a conservation center. Islamabad Zoo previously Marghazar Zoo Islamabad, is an 82-acre zoo in Islamabad Capital Territory. It was opened in 1978 and remained under the administration of Capital Development Authority of Pakistan. In May 2020 the High Court ruled to transfer management of the park to the Islamabad Wildlife Management Board....
1. INTRODUCTION TO APARTMENT LIVING Choosing a place to live comes with many big decisions, but deciding on the type of housing that fits your needs and lifestyle is the first step. Recently, the trend of apartment living has increased.Many people like the convenience and flexibility of living in an apartment, especially if they are new to a city or don't want the financial responsibility of owning a home...
1. SUSTAINABLE REAL ESTATE Sustainable/ GREEN real estate development has carved out its niche in recent years. Those who have adopted the trend are already reaping the rewards. It's worth noting, however, it's not too late to jump on the bandwagon. "Green" real estate development project is otherwise known as "greenhabbing, With climate change, income inequality, and social justice, real estate...
A seed ball drive at Margalla Hills Trails. Volunteers of the Capital City have distributed 10,000 seed balls among Islamabad citizens as a seeds ball campaign launched – throw and grow. This campaign is started at the Margalla Hills to promote planting trees with internationally-recognized easy methods in the country. DC Islamabad launched the seed ball campaign in collaboration with the...
1. INTRODUCTION Eighteen is a premium real estate project that aims to become the epitome of luxury living in Islamabad. The Eighteen Islamabad is a masterpiece in the making. It is a new housing society introduced in Islamabad by Ora Developers, Saif Group, and Kohistan Builders & Developers. The vision of this innovative project is to present the latest international standard of living in...
GWADAR PORT ROAD CONNECTIVITY The road connectivity of Gwadar Port with the 2nd Phase of the Free Trade Zone (FTZ) will be completed by the end of 2021, facilitating the business climate of the zone and the Gwadar port alike. In a press statement issued, it was stated that the 5th Meeting of the Joint Working Group on Gwadar port was held through a video link on Monday, 30.11.2020. Secretary ,...