Islamabad, Sep 10: Donald Blome, the US ambassador to Islamabad, spoke on Tuesday at the Pakistan Institute for Parliamentary Services (PIPS) to introduce the “Recharge Pakistan” program. The large-scale climate initiative intends to improve water security and strengthen flood resistance in Pakistan’s most susceptible areas.In his opening remarks, Ambassador Blome acknowledged PIPS, an independent research and training center for lawmakers founded with financing from the United States. He underlined how important it is for the institute to train and assist Pakistani parliamentarians by doing in-depth policy research and training. The “Recharge Pakistan” project, to which the US is contributing $5…
Author: Iqra Khan
Islamabad, Sep 10: President Asif Ali Zardari has assured the Chairperson of Abdul Qadeer Khan Hospital Trust, Dr. Dina Khan , of his support to the Trust that provides free medical and healthcare services to the deprived and marginalized section of the society. He commended the services of the Trust offering accessible healthcare to the needy people. The President expressed these views during a meeting with the delegation of Dr. A.Q. Khan Hospital Trust, led by Dr. Dina Khan, daughter of Mohsin-e-Pakistan Dr. Abdul Qadeer Khan (Late), at Aiwan-e-Sadr, today. Ms. Aseefa Bhutto Zardari, MNA, was also present during the…
Islamabad, Sep 10: The Lahore Chamber of Commerce and Industry (LCCI) hosted a high-level delegation from the Shandong Chamber of Commerce & Industry, China, on Tuesday.Adnan Khalid Butt, Vice President of the LCCI, welcomed the delegation headed by Li Chong with a speech. Additionally present was Shahbaz Siddique, the convener of the Standing Committee on “Pak-China Business Relations.” The vice president of the LCCI acknowledged the organization as a crucial hub for strengthening bilateral economic relations and applauded the Chinese trade missions’ persistent interest in interacting with it. He made particular mention of the important role Li Chong and his…
Islamabad, Sep 10: Economic improvement and problem solving, industrial policies must be put into practice, which calls for regionalization and the encouragement of vocational education.Economic analyst Zeeshan Hashim presented his opinions at the Multan Chamber of Commerce and Industry (MCCI) during a session titled “Changing Global Trading System and Future of Pakistan’s Economy.” He suggested that Pakistan should improve its trading ties with all of its neighbors. “International trade has been negatively influenced by globalization, which has increased unemployment globally and harmed Pakistan as well. He continued, “We must address economic difficulties, take action to develop our economy, and avoid…
Islamabad, Sep 10: Thanks to the support of the Special Investment Facilitation Council (SIFC), Pakistan’s exports have increased by 14% since the start of the current fiscal year. The Pakistan Bureau of Statistics reports that in August 2024, exports were 5.1 billion dollars, indicating a 620 million dollar rise. The country’s trade imbalance decreased by 4.2 percent, from 3.751 billion dollars to 3.6 billion dollars, as a result of the growth in exports. The past month saw a 1.3 percent annual decline in imports of high-duty products, including cars, appliances, and other consumer goods like clothing, textiles, and shoes. A…
Islamabad, Sep 10: The Lahore Development Authority (LDA) disclosed that they would be holding a significant public auction for educational and public utility properties. The event will take place at the Convention Centre, Expo Centre, Johar Town, Lahore, on Wednesday, September 25, 2024, at 10:00 AM. Highlights of the Auction Places: Venus Housing Scheme, Dream Garden Housing Scheme, Quaid-e-Azam Town, and Bahria Town Site Categories: Both instructional and utilitarian Starting Bid Amounts 1 crore sq. ft. Bid to Start: 50,000 PKR 13 lakh PKR is the security deposit. Increase in Bid: One lakh PKR two crore square feet. Initial Bid:…
Islamabad, Sep 10: Punjab Chief Minister (CM) Maryam Nawaz Sharif visited Ravi Sapphire Bay, which is close to Sheikhupura, to monitor the progress of the ongoing development work. According to specifics, RUDA CEO Imran Amin informed her on the River Training Work Development Plan, emphasizing that 46 km of channelization would be completed in three stages along both banks of the River Ravi. Furthermore, 36% of the project’s land is set aside for greenery and woods. Amin also disclosed the Ravi River Front Project’s intentions to build three barrages and a 46-kilometer three-way road from Siphen to Hudayara Drain.The CM…
Islamabad, Sep 10: The transaction cost for sending or receiving money in Pakistan has increased dramatically on the well-known online money transfer platform Payoneer, which could have a negative impact on the operations of local freelancers who depend on the service. From the previous 2%, the transaction charge has been increased to 3% of the entire transaction amount plus an extra $0.49 fixed cost for all transactions based on USD. For transactions that are not in USD, the fixed fee will be assessed in the following currencies: 0.39 GBP, 0.45 EUR, 0.75 AUD, 0.67 CAD, and 73.76 JPY, depending on…
Islamabad, Sep 10: Romina Khurshid Alam, the prime minister’s coordinator on climate change, stated on Tuesday that Pakistan frequently sees seasonal flooding, particularly during the monsoon season, which presents serious dangers to infrastructure, agriculture, human life, and property. However, she continued, controlling this excess water can assist mitigate the risks and benefit the nation’s socioeconomic advancement. Speaking at the “Recharge Pakistan Programme” launch event as the chief guest, Romina Khurshid Alam emphasized that the current government is worried about the waste of excess floodwaters that come down the country’s river system during the summer monsoon season. These floodwaters go untapped…
Islamabad, Sep 10: The Competition Commission of Pakistan (CCP) has successfully recovered PKR 27 million in penalties from Reliance Paints and Pakistan Steel Mills (PSM) by exercising its authority under Section 40(2)(a) of the Competition Act, 2010, through the attachment of their bank accounts. These recoveries are part of the CCP’s broader strategy to enforce its mandate of ensuring a level playing field across all sectors, demonstrating its commitment to tackling anti-competitive practices. Over the past year, the CCP has recovered a total of PKR 69 million in penalties, accounting for 25% of the total amount recovered since the Commission’s…
