Islamabad Oct 22: Pakistan Utilizes Only 9% of Rehabilitation Funds Allocated for Balochistan. According to officials in the Finance Ministry, the federal government has only spent $20.2 million, or 9%, of the $220 million in donor assistance for post-flood recovery and reconstruction projects in Balochistan. Although the Integrated Flood Resilience and Adaptation Project has a $400 million financing approved by the World Bank, Rehabilitation Funds Balochistani government has had difficulty putting the project into action. Despite ongoing delays, sources stated that Balochistan is anticipated to get a second tranche of $180.7 million after utilizing the first tranche of $210.3 million.…
Author: Iqra Khan
Islamabad Oct 22: Punjab Government Launches Anti-Smog Squad to Combat Air Pollution. Maryam Nawaz, the chief minister, is dedicated to helping the people and fostering economic growth for their well-being. To address air pollution, the CM’s Smog Control Program is making use of all available resources. Speaking as a special guest at a ceremony on Monday at Agriculture House to commemorate the activation of the Kisan Card and the establishment of the Anti-Smog Team, Punjab’s Senior Provincial Minister, Marriyum Aurangzeb, made these statements. She underlined that as part of the CM’s smog reduction strategy, all pertinent departments have been given…
Islamabad Oct 21: Chinese Development Association Commits to $13 Billion Investment in Pakistan Over the Next Five Years. The China Asia Economic Development Association (CAEDA) plans to invest up to $13 billion in a free trade zone in Pakistan over the next five years. Islamabad has tried to draw in foreign investment from regional allies like China and the Middle East to support its shaky economy as Pakistan struggles with a protracted economic crisis that has caused its foreign exchange reserves to drop to extremely low levels and its currency to depreciate dramatically. To encourage foreign investment in industries including…
Islamabad Oct 21: Chinese Turbines Dominate Global Wind Energy Expansion, CWP2024. According to the ongoing 2024 China Wind Power (CWP2024) in Beijing, one of the most significant wind energy events in the world, China received 5GW of wind turbine orders from outside in the first half of 2024, resulting in a 47% year-over-year growth. Cui Guangsheng, Deputy Chief of General Affairs Division, New and Renewable Energy Department, National Energy Administration of China, stated in the opening speech that by the end of 2023, China had exported nearly 15.6 GW of wind turbines to 54 countries and regions worldwide, and that…
Islamabad Oct 21: PMD Predicts Continued Dry Weather in Most Parts of the Country. The majority of the country is expected to see dry weather over the next 24 hours, according to the Pakistan Meteorological Department (PMD). During this time, the country’s plains will continue to see scorching weather.However, isolated locations in upper Khyber-Pakhtunkhwa may see cloudy weather with rain, wind, and thunderstorms at night. The synoptic condition indicated that continental air was dominant over the majority of the nation.Most of the country has had hot, dry weather during the past 24 hours. However, there were rare instances of rain…
Islamabad Oct 21: Pakistan’s Meat Exports to China Reach $3.3 Million in First Nine Months of 2024. The General Administration of Customs of China (GACC) reports that between January and September 2024, Pakistan exported $3.37 million worth of beef to China. Chinese customers are growing more daring in their culinary choices and are more eager to taste premium meat from nations like Pakistan, according to Ghulam Qadir, Trade and Investment Counselor at the Pakistan Embassy in Beijing. Chinese customers’ tastes are ideally suited to the nation’s rich history of producing meat, especially beef and mutton. This need is not just…
Islamabad Oct 21: CDA to accelerate the development of Sectors in Islamabad. A meeting on the development of the sectors in Islamabad was held on Monday at the Capital Development Authority (CDA) headquarters, chaired by CDA Chairman Muhammad Ali Randhawa. The Members of the CDA Board and senior officers from concerned formations of the authority attended the meeting. The meeting was aimed at expediting the developmental work across various sectors of Islamabad and address issues related to land and Built-Up Property (BUPs). During the meeting, Chairman CDA stressed the need for expediting developmental work in all sectors. He directed the…
Islamabad, Oct 21: LDA Provides Insights to Dubai Delegation on Town Planning, Digitization, and Reform Initiatives. A seven-member delegation from Dubai Land Development (DLD) was briefed by Director General (DG) Tahir Farooq of the Lahore Development Authority (LDA) on the organization’s activities and current changes. The news was taken from an October 18 newspaper. The group was informed on important facets of LDA’s operations, including as property management, town planning, land use regulations, and building and zoning laws, according to the report. The Citizen Facilitation Center, private housing projects, and ongoing digitization initiatives were also discussed. The delegation suggested the…
Islamabad, Oct 21: Citi Housing Faisalabad Introduces New Plots for Sale on Instalments in Phase 2. With the introduction of 10-marla residential plots in Phase 2, which are ideally located along the expanding Samundri Road, Citi Housing Faisalabad has revealed an extraordinary potential for investors and homebuyers. On October 21, they posted this information on their official Facebook page. According to information, the Samundri Road expansion is quickly rising to prominence as one of Faisalabad’s most desirable communities, providing a desirable fusion of accessibility and contemporary living. These new 10-marla plots are being offered by Citi Housing for a total…
Islamabad, Oct 21: IT Exports Surge by 42% in September 2024. According to the most recent data released by the State Bank of Pakistan (SBP) on Monday, the nation’s export remittances for information technology and IT-enabled services (ITeS), which include computer and call center services, increased by 42% to $292 million in September 2024 from $206 million in the same period the previous year. Technology exports accounted for 44% of total services exports on September 24, up 42% year over year but down 2% month over month. Technology exports increased 34% to $876 million in the first quarter of fiscal…
