Islamabad, Aug 9: In a major boost for Pakistan’s burgeoning technology and startup ecosystem, Ignite National Technology Fund, a company incorporated under the Ministry of IT & Telecom has signed an agreement with a consortium led by Netsol Technologies Limited to establish and operate the National Incubation Center (NIC) Lahore for the next five years. This consortium included prominent partner’s like HBL, Beacon house National University, PlugNPlay Tech Center, Daftarkhwan, Accelerate Prosperity, UET Lahore, and WCCI Lahore. The consortium aims to empower startups focused on AI, IoT, Cleantech, climatetech, and ICT, serving as gateways to sustainable development, global impact, and…
Author: Iqra Khan
Islamabad, Aug 9: The Prime Minister, Shehbaz Sharif, emphasizing the transformation of friendly relations between China and Pakistan into enhanced investment, economic and trade ties, said that the next phase of CPEC will mainly involve business to business arrangements particularly in industrial sector. He expressed the views while addressing the representatives of international companies doing business in Pakistan including China here on Friday. Governor and Chief Minister of Sindh, Federal Ministers, prominent businessmen and senior officers were also present on this occasion. The PM said “Pakistan and China are two iron brothers and now we have to convert these relations…
Islamabad, Aug 9: Imam Masjid Al-Nabawi, Dr. Salah bin Mohammad Al-Budair delivered the Friday sermon and led the congregational prayers at Faisal Mosque. Thousands of worshippers from the twin cities attended the prayers. Among those present were ambassadors from Muslim countries, ministers, and distinguished figures from various walks of life. During the sermon, Imam Al-Budair emphasized the importance of obedience to Allah Almighty and His Messenger (Peace Be Upon Him), spreading goodness, avoiding division, and fostering unity among the Ummah. He offered special prayers for the stability and prosperity of Pakistan. Additionally, he prayed for the alleviation of the suffering…
Islamabad, Aug 9: Pak Suzuki Motor Company Limited (PSMCL), like Toyota Indus Motor Company (IMC), has also been forced to stop production at its factory in Karachi because of an extended delay in the clearance of Completely-Knocked Down (CKD) kits. The car industry has been rocked by this unplanned halt, underscoring the serious difficulties Pakistani manufacturers face. PSMCL has suffered large financial losses as a result of the delay in the approval of the CKD kit, including high detention and demurrage costs. Furthermore, the suspension of manufacturing and sales has negatively impacted the government’s earnings from taxes and tariffs. Toyota…
Islamabad, Aug 9: Want to increase the value of your real estate holdings in Lahore? On Sunday, August 11, 2024, come to the Property Sales Event presented by Zameen.com at the Grand Ballroom A of the PC Hotel, located on Mall Road in Lahore. This event, which is open from 9 AM to 9 PM, is designed for individuals who wish to make wise investments in the real estate market. It will feature a perfect blend of thought-provoking talks and investment opportunities. This is your opportunity to invest in some of Lahore’s most sought-after properties, ranging from opulent homes to…
Islamabad, Aug 9: The Lahore Development Authority (LDA) has revealed plans to reconstruct the Thokar Niaz Baig crossroads in an effort to improve the entry and exit ports of Lahore and streamline traffic flow. According to specifics, the project intends to improve commuter convenience for those commuting between the Motorway and Multan Road by enlarging and beautifying the city’s main gateway. When LDA Chief Engineer Asrar Saeed and NESPAK staff visited the Thokar Niaz Baig site recently, LDA Director General Tahir Farooq was shown the suggested design. Chief Engineer Saeed announced that the project, which would concentrate on maintaining and…
Islamabad, Aug 9: A high-level Chinese team met with Chief Commissioner of Islamabad and Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa, to talk about major investment prospects and impending projects in the capital city. According to specifics, the Chinese delegates showed great interest in a number of CDA-led projects, most notably the conversion of CDA office buildings to solar power. Chairman Randhawa emphasized the close relations between China and Pakistan while welcoming the interest from international companies. He stated that the CDA is dedicated to promoting global collaborations in order to propel Islamabad’s modernization and growth. The…
Islamabad, Aug 9: Prime Minister’s Coordinator for Climate Change and Environmental Coordination, Romina Khurshid Alam on Friday announced that Pakistan would host the two-day international Asian Forum of Parliamentarians on Population and Development (APFFD) on ‘Gender Empowerment and Green Economy’ that would convene regional female parliamentarians from 22 states. Addressing a curtain-raiser press conference regarding a two-day meeting of the Asian Forum of Parliamentarians on Population and Development (APFFD) on ‘Gender Empowerment and Green Economy’ starting from Monday (August 11th), she said Pakistan would hold an international population and climate change conference under the auspices of the APFFD standing committee…
Islamabad, Aug 9: Minister for Maritime Affairs, Qaiser Ahmed Sheikh on Friday urged upon the opposition to join hands with the government to create a conducive environment for economic growth, job creation, and poverty reduction as by working together Pakistan can overcome the hurdles of inflation and poverty.Talking to a private news channel, he made a fervent appeal to the opposition parties to put aside their political differences and join hands with the government to tackle the pressing issues of inflation and economic stagnation. Sheikh emphasized that the current economic challenges facing the country require a collective effort and a…
Islamabad, Aug 9: Minister of State for IT and Telecommunication Shaza Fatima Khawaja Thursday said that the present government was committed to transform Pakistan into cashless economy. She said that the government aimed to reduce reliance on physical currency and promote digital transactions through initiative like the SBP’s RAAST instant payment system. Speaking at a meeting of a high-level Committee on Promotion of Cashless Economy, Shaza Fatima said that digital payments have critical role in driving economic growth and efficiency, said a news release.She said that steps were needed to accelerating digital financial inclusion and boosting economic growth. The state…
