Call to use 2,50,000 mosques in Pakistan in daytime as special literacy centres to impart primary schooling Karachi: Over 2,50,000 mosques in the country should be used during the day hours as special literacy centres to impart primary-level school education as part of the accelerated drive to educate a record 26.2 million out-of-school children in Pakistan.Former Caretaker Federal Minister for…
Read MoreAuthor: Admin
Pakistan Urged to Negotiate Settlement with Star Hydro to Mitigate MIGA Guarantee Risks
The Attorney General’s Office has advised Pakistan’s Power Division and National Transmission and Despatch Company (NTDC) to engage in negotiations with M/s Star Hydro to resolve an arbitration award issue, reducing the risk of a Multilateral Investment Guarantee Agency (MIGA) guarantee being called upon. Following discussions at the Prime Minister’s Office and recent communications from the World Bank, emphasizing the…
Read MoreSindh govt will provide free solar panels to deserving people in two phases
CM Sindh & EU Ambassador discuss projects of solar panels, school constructions KARACHI (April 30): Sindh Chief Minister Syed Murad Ali Shah in his meeting and European Union Ambassador Dr. Riina Kionka discussed two new projects aimed at helping those affected by the flood.One project involves the reconstruction of school buildings damaged by the flood, while the other project aims…
Read MoreBarrick Gold in Talks to Raise $2 Billion for Pakistan’s Reko Diq Project
Canadian mining company Barrick Gold is engaged in discussions with the International Finance Corporation and other agencies to secure at least $2 billion for the initial phase of Pakistan’s Reko Diq copper project, CEO Mark Bristow informed Reuters. The Reko Diq project, in which Barrick holds a 50% stake, is anticipated to cost $5.5 billion for its first phase. This…
Read MoreOGDCL Reports Rs171 Billion Profit in First Nine Months
Oil and Gas Development Company Ltd (OGDCL) has announced a notable 7.18% increase in its profit after tax (PAT), reaching Rs171.104 billion with earnings per share at Rs39.78 for the first nine months ending March 31, 2023-24. According to a statement released on Wednesday, OGDCL’s net sales revenue stood at Rs348.164 billion. The board declared an interim cash dividend of…
Read MoreChina Demands More Fiscal Incentives as Dues from Pakistani Projects Hit Rs529 Billion
Islamabad: Amid mounting concerns over Chinese investments in Pakistan, outstanding dues from Chinese power plants have reached a staggering Rs529 billion, reflecting a strained financial relationship. Beijing is pushing for enhanced fiscal benefits within the China-Pakistan Economic Corridor’s (CPEC) Special Economic Zones (SEZs) to bolster investment. The first meeting of the Cabinet Committee on Chinese Investment Projects (CCoCIP) highlighted Pakistan’s…
Read MoreIntelligence Agencies Expose Rs227 Billion Petroleum Smuggling Racket
Islamabad: Intelligence agencies recently uncovered a massive smuggling operation involving 738 petrol filling stations, corrupt officials, and smugglers, leading to an annual loss of Rs227 billion to the national exchequer. The racket, which includes 533 petrol pumps, 100 officials, and 105 Iranian oil smugglers, has seen a resurgence since the current government took office. Prior crackdowns had reduced smuggling, but…
Read MorePetrol price slashed by Rs5.45 per litre for next fortnight
The petrol price in Pakistan has been slashed by Rs5.45 per litre from Rs293.94 to Rs288.49 for the next fortnight in line with the recommendations of the Oil and Gas Regulatory Authority (Ogra). The new fuel prices will be effective from this midnight (May 1), according to an official notification issued by the Finance Division on Tuesday. As per the…
Read MoreSPAR6C Workshop in Lahore Pave the Way for Sustainable Waste Management and Carbon Finance
Lahore, April 29-30, 2024: An influential workshop concluded today in Lahore, bringing together 75 participants, including top officials from Provincial Planning and Development Departments, CEOs of key waste management companies, and senior managers from national and international banks. The two-day event focused on enhancing carbon finance opportunities and implementing data-driven solutions for solid waste management in Pakistan. Organized by the…
Read MoreTelenor Pakistan organises supply chain dialogue: stresses the need for sustainable initiatives
slamabad, 30 April 2024: Telenor Pakistan, in collaboration with its local and international partners, hosted a dialogue on tackling pressing challenges and emerging opportunities facing the supply chain industry, promoting sustainable practices for long-term resilience.
Read More