The prime minister of Pakistan, Shehbaz Sharif,announced this weekend that oil and gas corporations operating in the country intend to invest $5 billion over the next three years to investigate drilling locations in the South Asian nation. During a meeting with government officials, representatives from companies in Pakistan’s exploration and production (E&P) sector revealed their plans to drill over 240 sites in the country, which imports the majority of its energy. These sites are being searched for hydrocarbons. After consulting the sector, Pakistan formed a committee that will create ideas to draw in investments for oil and gas exploration, according…
Author: Iqra Khan
ISLAMABAD: Sheraz Sharif’s office, Pakistan’s Prime Minister Shehbaz Sharif congratulated Iran’s President-elect Masoud Pezeshkian on his victory in the most recent election held in his nation on Monday. The two leaders also talked about ways to improve trade and investment cooperation. In the Friday presidential election in Iran, moderate candidate Masoud Pezeshkian received 53.7 percent of the vote, or 16.3 million ballots, to defeat hardliner Saeed Jalili’s 13.5 million votes. The 69-year-old candidate supported by reformists will take Ebrahim Raisi’s seat, who passed away in a plane tragedy last month. PM Sharif claimed he spoke with Pezeshkian over the phone…
Prime Minister Shehbaz Sharif in Islamabad, a delegation of both domestic and foreign enterprises involved in petroleum and gas exploration and production announced a large investment of $5 billion in Pakistan over the following three years.The prime minister has given the pertinent authorities instructions to resolve all sector-related issues first. Proving their faith in Prime Minister Sharif’s abilities, the businesses pledged to contribute $5 billion to advance Pakistan’s exploration operations for gas and petroleum. The PM’s serious attention to the industry was commended by the delegation members, who also acknowledged his efforts to meet with industry stakeholders, address their concerns,…
The Changan Alsvin Black Edition car was introduced today by Changan Pakistan. Details indicate that the business unveiled a new choice for Lumiere, its top variation. Changan Alsvin Black Edition Upgrades The latest version, according to the business, has: Side-view mirrors in black Alloy wheels in black. chairs covered in black leather dark-colored roof Door handles in black dark interior Cost The Lumiere is now available for Rs. 4,549,000. The price of the Changan Alsvin Black Edition is Rs. 4,574,000, which is Rs. 25,000 higher. BOOKING The new variant can be reserved for a payment of Rs. 1,000,000. Customers of…
KARACHI: To support the struggling local sector, the Pakistan Automotive Manufacturers Association (PAMA) has proposed charging a 15% regulatory levy on old import automobiles that fall within the 1300 CC category. Experts and consumers have pushed Original Equipment Manufacturers (OEMs) and regional manufacturers-cum-assemblers to build affordable, high-quality cars in order to deter used car imports and encourage as much localization of the sector as possible. “In order to sustain the growth of the local industry, achieve the targets under Auto Policy 2012-2026, and save the industry from unfair competition from the import of used vehicles (specifically in the below 1300…
The Rawalpindi Development Authority (RDA) has rejected the layout plan submission for the “New Airport Town” housing scheme, labeling it as unapproved and illegal. An RDA spokesperson stated that the file, which was submitted by the scheme’s owner, Shahid Mehmood, was returned following a thorough review by the Metropolitan Planning and Traffic Engineering (MP&TE) Directorate. The unauthorized housing scheme, which is located in Mouza Katarian, Tehsil, and District Rawalpindi, was flagged by the RDA, alerting residents against purchasing plots there. The spokesperson stated that the RDA, led by DG Kinza Murtaza, is prepared to take strict legal actions against those…
An increasing number of Pakistani-American professionals are looking to buy a retirement house or make investments in their ancestral South Asian motherland. The National Association of Homebuilders reports a modest decline in the percentage of people who own a home. Many Pakistani-American workers anticipate investing in South Asia’s real estate market, which is expected to reach a value of US$ 2.11 trillion this year, despite the obstacles to home ownership. South Asia continues to have one of the highest rates of ownership despite all the difficulties. Pakistan is a mere 2% contributor to the world property ownership share; major contributors…
Sindh Madressatul Islam University’s Directorate of Students Affairs and Counselling organized an oath taking ceremony of newly elected office bearers of the Students’ Council for year 2024-25 on Tuesday at the Sir Shahnawaz Bhutto Auditorium. The Vice Chancellor SMIU Dr Mujeeb Sahrai administered oath to the office bearers. The Student’s Council is comprised of 8 students’ societies including Debating Society, Literary Society, Character Building Society, Art Society, Science Society, Community Service Society, Music Society and Sports Society. Elections were held in the month of May 2024. The Vice Chancellor Dr Mujeeb Sahrai in his speech at the ceremony congratulated…
Divisional Commissioner Ahsan Ali Qureshi presided over a meeting of divisional enforcement committee for controlling power theft at his office.Addressing the meeting, the Commissioner said that strict legal action was being taken against power thieves with the assistance of Police, FIA and HESCO. He said that minimizing duration of load shedding was conditional to improve recovery of electricity bills.The Commissioner got update from HESCO officers about power supply to Daud Pota Library from express feeder and directed to complete that work in stipulated time so that students would not face any difficulty. He directed officers of all departments to submit…
Chairman of the Pakistan Football Federation (PFF) Normalisation Committee (NC), Haroon Malik visited the Sialkot Chamber of Commerce and Industry (SCCI) regarding the promotion of football in the city.He was warmly received by President SCCI Abdul Ghafoor Malik, Senior Vice President (SVP) Wahub Jahangir, Vice President (VP) SCCI Amer Majeed Sheikh and President Sialkot Football Association Chaudhry Muhammad Ikhlaq, said a press release.During the visit, discussions were held regarding promoting football in Sialkot, a city renowned for its export-oriented economy and contributions to Pakistan’s international trade. Chairman Haroon Malik expressed his honor in visiting the Sialkot Chamber and highlighted the…
