Pakistan Post has moved up by 27 places from 94th to 67th place in the Universal Postal Union World Rankings 2020. It is the global organization of postal services. They have based this ranking on best service, confidence over service quality, reach, hard work and dedication. In 2016, Pakistan Post was ranked 94th with 29 points. Pakistan Post’s newly launched digitization project will take it to new...
Want to buy a house this year? It’s a big step, requiring planning ahead and plenty of financial preparation. Therefore, here are 7 New Year’s resolutions that can prepare you to find that perfect home and make your move! The New Year is often a time to hit the reset button and start fresh. It is an excellent opportunity to start reaching towards an ongoing goal you have. If buying a home has been an...
RENTING VS BUYING A HOUSE INTRODUCTION Are you confused about renting vs buying a home? Just so you know, there is no definitive answer to this age-old conundrum. Your decision should depend on your personal and financial situation. Along with the current market trends and economic situation. So, to put it simply, the answer to your renting vs buying problem is that ‘it depends.’ Like everything...
STATE BANK OF PAKISTAN PREPARES State Bank of Pakistan is considering allowing people to open accounts at banks without physically visiting branches . They will do this through digital means like internet and mobile banking.Hence, without compromising customers’ due diligence. “Digital account opening…is the way forward,” State Bank of Pakistan (SBP) Governor Dr Reza Baqir said. He was hosting...
GAS PIPELINE Work on 1100 km long gas pipeline to be started next year. Special Assistant to the Prime Minister on Petroleum Nadeem Babar said that construction work on the 1100-kilometre Pakistan Stream Gas Pipeline Project will begin in July next year. The Government has taken this step to transport liquefied natural gas (LNG) from Karachi to Lahore. In an interview, Nadeem Babar said that...
The new Electric Vehicle (EV) policy is geared to propel a massive paradigm shift in the Pakistani automotive industry. In a relevant development as per a report shared by Dawn, Toyota is planning to introduce a range of electric tricycles to the Pakistani market. Reportedly, Hiroyuki Toyoda, the Chairman of T-Trike Company (a subsidiary of Toyota Motors), and Rana Abid Hussain, the President of the...
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...
COMMERCIAL REAL ESTATE TABLE OF CONTENTS INTRODUCTION WHAT IS COMMERCIAL REAL ESTATE? WHAT ARE THE FACTORS FOR COMMERCIAL INVESTMENT IN PAKISTAN? COMMERCIAL REAL ESTATE PROJECTS IN RAWALPINDI/ISLAMABAD THE AQUATIC MALL GRANDE MALL OF ARABIA DOMUS HEIGHTS GULBERG ARENA RUDN ENCLAVE INTRODUCTION TO COMMERCIAL REAL ESTATE Office buildings, retail outlets, shopping malls,...
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...
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....