Islamabad, Aug 5: The Pakistan Environmental Protection Agency (Pak-EPA) and Capital Development Authority (CDA) on Monday held two crucial meetings focusing on key environmental concerns in the federal capital. The meetings led by DG Pak-EPA Farzana Altaf Shah and Chairman CDA, Muhammad Ali Randhawa emphasized the need to clear Rawal Dam from pollution caused by solid waste and effluents by factories. The participants of the meeting discussed strategies to address this issue and ensure the dam’s water quality to be restored. The implementation of the ban on single-use plastic in ICT limits was another important topic discussed. The officials explored…
Author: Iqra Khan
Islamabad, Aug 5: The Senate Functional Committee on Devolution convened to deliberate on the efficacy and possible expansion of the Council of Common Interests (CCI). The committee discussed issues with CCI’s revised petroleum reserve exploration guidelines, which have discouraged billion-dollar investments from businesses. The committee questioned the accountability framework and stated that CCI is not answerable to the Senate Functional Committee. The meeting was informed that the CCI, which presently employs 23 people out of the necessary 38, has 15 open positions. There are still vacancies in roles like deputy secretary and joint secretary. Described as a federal cabinet-style body,…
Islamabad, Aug 5: One of the few Pakistani IT companies to expand to Singapore is Hexalyze, a well-known provider of IT solutions with headquarters in Pakistan.By opening a regional office in Southeast Asia to access markets such as Singapore, Indonesia, Malaysia, Brunie, and others, the company hopes to expand its global reach and better serve its diverse clientele. This strategic move represents a significant turning point in the company’s growth journey. Since its founding in 2014, Hexalyze has progressively increased the scope of its business operations in Middle Eastern nations, such as the United States of America, Australia, and the…
Islamabad, Aug 5: Consul General Dr. Bakheet Ateeq Al Remeithi has disputed any restrictions of the kind that have been reported concerning the denial of visas to Pakistanis for travel to the United Arab Emirates (UAE).The response from the Emirati envoy followed concerns that Sindhi citizens were having trouble obtaining UAE visas. The ambassador said in a Monday video interview that all the amenities required are being offered to Pakistani businesspeople, laborers, and medical tourists visiting Dubai, Abu Dhabi, Sharjah, and other locations. The robust cultural, religious, and commercial ties that have existed for more than 50 years between Pakistan…
Islamabad, Aug 5: The Trade Development Authority of Pakistan (TDAP) and the Khyber Pakhtunkhwa Board of Investment & Trade (KP-BoIT) are working together to host an Expo and Economic Development Conference in Chitral. The purpose of the event is to showcase the local trading and economic sectors and entice investors to invest in the valley’s potential areas. The proposed conference is scheduled to take place in the first week of September this year. Approximately sixty booths pertaining to appealing investment sectors will be set up, with a focus on critical investment sectors and local prospective production sectors. With Abdul Karim…
Islamabad, Aug 5: It is positive that the new fiscal year has begun with an emphasis on economic stability and improvement. But the much-needed expansion of the economy has not materialized. However, PM Shahbaz has made it clear in his meetings with the Special Investment Facilitation Council (SIFC) that the nation is committed to removing obstacles in order to draw in capital investment, particularly in the energy sector. The Federal Government’s privatization strategy is receiving a lot of attention, and DISCOs are always at the top of the list. Federal Minister Awais Leghari has taken a practical stance amidst the…
Islamabad, Aug 5: Maersk Shipping Line of Denmark is set to invest $2 billion in port, terminal, dredging, transshipment, and road construction infrastructure in Pakistan over the next two years, marking a significant economic growth for the country. The Federal Minister for Naval Affairs, Qaiser Ahmed Sheikh, made this declaration during a press conference in Karachi. He declared that the government-to-government Memorandum of Understanding (MoU) between Denmark and Pakistan had been authorized by the federal cabinet. In order to sign the agreement between the two nations, the Minister of Ports and Shipping will travel to Denmark in August. According to…
Islamabad, Aug 5: A merger in the real estate industry has been allowed by the Competition Commission of Pakistan (CCP). Under the terms of the Share Purchase Agreement, Enaara Properties Rawalpindi Ltd would purchase all of the shares of Sprint Services Rawalpindi Ltd. A publicly traded, unlisted organization, Sprint Services Rawalpindi is involved in the development of commercial real estate. It is the owner of a retail center in a desirable area in Rawalpindi. Two people and a private limited company called FYC (Pvt) Ltd are among its principal shareholders. On the other hand, Enaara Properties is a holding company…
Islamabad, Aug 5: The number of foreign investors in China’s commercial real estate market is declining, and those that remain are concentrating on specialized techniques like eco-friendly projects. According to MSCI, cross-border transactions into China’s commercial real estate from January to June 2024 came to $3.3 billion, a 13% drop from the same period the year before. With $3.7 billion in acquisitions, Japan dominated the Asia Pacific market despite a 35% fall in transactions. Less impacted by geopolitical concerns, Singaporean investors continued to be the leading foreign purchasers of China’s commercial estates, with purchases totaling over 6.9 billion yuan ($1…
Islamabad, Aug 5: Suzhou, once known as a city of textile in ancient China, has established itself as an industrial hub in China’s economic landscape.This transformative image was featured during the recent Pakistan Investment and Trade Conference held jointly by the Consulate General of Pakistan in Shanghai and local authorities and enterprises in Suzhou, underscoring the city’s potential for Pakistan-China collaboration across various sectors. Consul General of Pakistan in Shanghai, Shehzad Ahmad Khan said Suzhou, a historic treasure nestled beside Shanghai, has emerged as a beacon of modern development and a key hub for international collaboration. “My initial encounter with…
