Islamabad, JULY29: An innovative operator in the clean energy space, Triton Electric Vehicle LLC, has unveiled a novel internal combustion engine (ICE) that runs on hydrogen. Given that Triton EV also creates EVs, this innovation puts the company in an intriguing position and has the potential to transform environmentally friendly transportation. The corporation has significant research and production facilities in India, and its headquarters are in Cherry Hill, New Jersey. The new internal combustion engine (ICE) from Triton EV runs on hydrogen, an inexpensive and clean fuel that produces no emissions in contrast to standard gasoline engines that release harmful…
Author: Iqra Khan
Islamabad, JULY29: To assist in the restoration of homes and community facilities in Pakistan’s Sindh province, the Asian Development Bank (ADB) has approved a USD 400 million concessional loan. According to the specifics, the objectives of the Sindh Emergency Housing Reconstruction Project are to repair homes damaged by flooding, assist with the recovery of livelihoods, and improve community resilience to climate change. This program is a part of ADB’s larger, USD 1.5 billion flood recovery assistance to Pakistan, which will be provided between 2023 and 2025. Of the housing destruction, Sindh province (which suffered 83% of it) will rebuild 250,000…
Islamabad, JULY29: A new waste tax that will be imposed on all residential and commercial buildings in the state has been authorized by the Punjab administration. According to specifics, the new policy states that this tax will apply to individuals, corporations, and even people living in informal settlements (kachi abadis). The monthly waste tax in rural areas will look like this: Five marla house owners will pay Rs. 200. Households with between 10 marla and 1 kanal will have to pay 400 rupees. New fees will also apply to rural businesses: Small stores will pay a monthly fee of Rs.…
Islamabad, JULY29: The Asian Development Bank (ADB) has authorized a USD 400 million concessional loan to support the rebuilding of 250,000 homes and community infrastructure in Sindh, Pakistan. According to specifics, this money is a component of ADB’s larger USD 1.5 billion commitment made between 2023 and 2025 to expedite Pakistan’s recovery from flooding. The Sindh Emergency Housing Reconstruction Project seeks to improve community resilience against climate change, accelerate livelihood recovery, and restore homes and infrastructure devastated by flooding. This is a critical project for Sindh, which suffered 83% of the flood-related building damage, resulting in almost 2.1 million damaged…
Islamabad, JULY29: Muhammad Ali Randhawa, the chairman of the Capital Development Authority (CDA), visited various locations to promote industrialization, improve recreational spaces, and maintain Islamabad’s natural beauty. According to specifics, Chairman Randhawa emphasized the necessity for state-of-the-art development and facilities for industrialists at the Industrial Triangle Kahota. He demanded that exploitation end and that the telecom and IT industries have specialized facilities. He implored industrial plot holders to start up their businesses right now. Chairman Randhawa monitored ongoing uplift efforts in the Diplomatic Enclave and gave the order to maintain the area’s aesthetic attractiveness by landscaping with a cohesive theme.…
Islamabad, JULY29: National Disaster Management Authority (NDMA) on Monday issued an advisory highlighting that monsoon currents from Bay of Bangal are likely to penetrate central and southern parts of the country from July 27th and likely to remain till August 3rd whereas under its influence heavy to hefty rainfall is expected in upper catchment areas of western and eastern rivers of country from July 28th to August 4th. “Flash flooding is expected in Northeastern parts of Punjab including Deg, Basemter and Bein nullahs of River Ravi, Aik & Palku areas in catchment of Chenab as well as Neelum Valley, Muzafarabad,…
Islamabad, JULY29: Charge d’Affaires of the embassy of the Republic of Indonesia to Pakistan, Rahmat Hindiarta Kusumahas has said that Balochistan’s trade connection with the Central Asian states (CARs) will prove to be important in the mutual trade between Indonesia and Pakistan. Similarly, due to its location, Balochistan is important in the economy and trade of Pakistan, he said in press release issued here on Monday.Charge d’Affaires of the embassy of the Republic of Indonesia to Pakistan, Rahmat Hindiarta Kusumahas said this while visited Federation Pakistan Chamber of Commerce and industry (FPCCI) Balochistan Office along with his economic team. Meanwhile…
Islamabad, JULY29: For more than 40 years, a Pakistani-owned tiny restaurant in the center of Dubai has been a major player in the local food scene. Satwa’s Ravi Restaurant has gained popularity among both foodies and celebs. The tale of Ravi Restaurant’s success, from its humble beginnings to collaborating with international businesses, is one of enthusiasm, perseverance, and hard work. The creator of Ravi Restaurant, Chaudary Abdul Hameed, came to the United Arab Emirates in 1970 with high hopes. Following a stint of odd jobs and a brief stint at Toyota, he entered the hotel industry. With only AED 27,000…
Islamabad, JULY29: A new budget and a staff-level agreement with international lender the IMF preceded Pakistan’s central bank’s first policy meeting to determine a crucial interest rate, and on Monday, the country’s benchmark share index increased by 1%. In order to spur growth in the face of a dramatic decrease in retail inflation, analysts anticipate that the State Bank of Pakistan (SBP) would make additional cuts following its June reduction of 150 basis points from an all-time high of 22%. This was the first cut in over four years. The market’s movement on Monday was ascribed by Adnan Sheikh, assistant…
Islamabad, JULY29: The price of per tola of 24 karat gold increased by Rs.200 and was sold at Rs. 252,700 on Monday against its sale at Rs. 252,500 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs. 172 to Rs. 216,650 from Rs. 216,478 whereas that of 10 gram 22 karat gold up to Rs. 198,595 from Rs.198,438, the All Sindh Sarafa Jewellers. The price of per tola and ten gram silver remained unchanged at Rs.2,860 and Rs.2,451.98 respectively. The price of gold in the international market increased by $4 to $2,390…
