Prime Minister Imran Khan on Wednesday directed relevant authorities to make speedy progress on Ravi Riverfront Project. The PM ordered speedy work on Ravi Riverfront Urban Development project after a club comprising global firms, ANGCC, offered investment worth $5 billion. Moreover, the Chinese government and other companies decided for making an investment of $3 billion. The officials notified PM...
OGDC on Wednesday announced the discovery of new oil and gas deposits in two different wells in Khyber-Pakhtunkhwa Tests conducted by the exploration firm showed 1.6 million standard cubic feet per day (mmscfd) of gas. In addition, 12 barrels per day (bpd) of condensate in exploratory well Siab-1. The company said in a notification sent to the Pakistan Stock Exchange (PSX). Besides, tests showed 4.18...
CEMENT AND STEEL PRICES INCREASE Due to COVID-19, just like other commodities, cement and steel prices have also increased unexpectedly. As a result, it is slowing down the construction activities in Pakistan. Amreli Steels has announced a hike in the price of rebars by RS5000 per ton. In addition to an increase of Rs5000 per ton announced earlier during the month, said JS Global analyst Arsalan Ahmed in...
PAKISTAN FIRST EVER DRONE POLICY Prime Minister (PM) Imran Khan on Tuesday (22.DEC.2020) ordered the formulation of Pakistan’s own first ever drone policy. Following a media briefing, the decision came from Federal Minister for Science and Technology Chaudhry Fawad Hussain on the use of drones in various fields. The PM noted that drones could be used to fulfill the tasks not only in agriculture,...
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...
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...
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...
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...
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 ,...