Author: Admin

ISLAMABAD: Prime Minister Shehbaz Sharif has received the inquiry report into alleged irregularities in the Rs170 billion Central Asia Regional Economic Cooperation (Carec) Tranche-III project, with an official decision expected within the week. According to sources in the Prime Minister’s Office, the findings were submitted to the premier in a sealed envelope, and he is likely to decide the fate of the probe “within a day or so.” In August, the prime minister had suspended eight senior National Highway Authority (NHA) officials and constituted a committee to investigate serious procedural…

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ISLAMABAD: In a major development for Pakistan’s energy sector, the government has received 23 bids for 40 offshore exploration blocks — the first such response in 18 years — marking renewed investor interest in the country’s offshore hydrocarbon potential. According to an official statement by the Petroleum Division, bids were received for 23 offshore blocks, covering an area of about 53,510 square kilometres. Among the bidders are leading national energy companies, including the Oil and Gas Development Company Ltd (OGDCL), Pakistan Petroleum Ltd (PPL), Mari Energies Ltd (MEL), and Prime…

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KARACHI: Pakistan’s newest airline, Air Karachi, officially inaugurated its operations office at the Old Airport, Karachi, on Friday, marking a significant milestone in its journey toward full-scale operations. The ceremony was attended by prominent dignitaries, including PIA CEO Amir Hayat, Director General Civil Aviation Nadir Shafiq, diplomats, shareholders, and members of the Board of Directors. Speaking on the occasion, Secretary of Defence Lt. Gen. (Retd) Muhammad Ali, HI (M), lauded the initiative, stating, “We are striving to take Pakistan to the position envisioned by our founding leaders. The business community’s…

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ISLAMABAD: Pakistan and Kuwait on Friday signed a second loan agreement worth Kuwaiti Dinar 7.5 million (approximately $25 million) to finance the Mohmand Dam Hydropower Project, further deepening bilateral economic cooperation between the two nations. The agreement was formalised at the Ministry of Economic Affairs in Islamabad between the Government of Pakistan and the Kuwait Fund for Arab Economic Development (KFAED). The document was signed by Muhammad Humair Karim, Secretary, Ministry of Economic Affairs, on behalf of Pakistan. The signing ceremony was attended by Fahad Hesham H. A. S. Aldousari,…

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