The proposal put out by President Asif Ali Zardari aims to create a state land bank that will use government-owned land to attract investment from foreign financial institutions and PSX. Zardari stressed during a meeting at Aiwan-e-Sadr how urgently the Kachhi Canal project needed to be completed within 1.5 years. Balochistan’s 713,000 acres of land are to be irrigated by this project, and the federal government has promised to supply the funds required to finish it on schedule. The GPI’s six strategic canal projects were also considered at the meeting. The construction of these canals is anticipated to greatly increase…
Author: Iqra Khan
DealCart, a Pakistani social e-commerce firm, declared the successful completion of a $3 million early investment round. Leading the round were the UK-based Sturgeon Capital and the MENA-based Shorooq Partners. According to the release, 500 Global, Evolution VC, Rayn Capital, and Khyber Venture Partners were also involved in the investment round.The startup stated that this capital infusion will support DealCart’s mission to broaden its reach and offer reasonably priced essential goods to low- and middle-income consumers throughout Pakistan. DealCart plans to offer low-cost goods by partnering with locally manufactured brands and sourcing products directly from manufacturers. DealCart was founded by…
Over the previous year, Pakistan’s energy sector has made substantial development, according to the Special Investment Facilitation Council (SIFC). The creation of an Anti-Theft Task Force, which has recovered almost 95 billion rupees, and the application of cyclical debt management techniques are notable accomplishments. Successful solar energy installations have been established in Sukkur (150 MW) and Gilgit-Baltistan (1 MW). Two hydropower projects that would contribute 70 MW to the national grid in Azad Jammu and Kashmir have received financing from the Saudi Fund for Development. The development of the sector is greatly aided by foreign investments. Sinotec Solar, a Chinese…
The top residential and commercial real estate business in Pakistan, Empire Holding Pakistan, with its headquarters in Lahore, and Reportage Properties, the top real estate developer in the United Arab Emirates, have joined forces to establish a joint venture in the rapidly expanding Pakistani real estate sector. The signing ceremony was held on Sunday, June 30, 2024, at the Yas Hilton Hotel in Abu Dhabi, as part of a special event hosted by Reportage Properties on the fringes of a special sales day.Reportage Properties’ managing director Andrea Nucera and Empire Holding Pakistan’s managing director Faisal Iftikhar inked the contract. A…
In the most recent UK general elections, three Labour Party candidates from Pakistani ancestry emerged victorious.For the third time running, Yasmin Qureshi and Afzal Khan were re-elected, while Naz Shah also triumphed. Based on preliminary findings, British-Pakistani politician Mohammad Afzal Khan received 15,050 votes to be elected to a third term in the British Parliament.Numerous legislators with Kashmiri and British Pakistani ancestry participated in this election as candidates for several parties. The precise count of qualified applicants won’t become evident until all outcomes are declared, though. A large number of British Pakistani candidates ran in the Southeast, the Southeast, Greater…
Mohsin Naqvi, the federal interior minister, declared on Friday that buying gasoline-powered motorcycles in Islamabad is now prohibited. At a meeting to assess ongoing development projects at the Capital Development Authority (CDA), a decision was made. Naqvi stressed the significance of adopting environmental measures to turn Islamabad into a world-class city. In order to lessen environmental pollution, he gave the CDA instructions to solely buy electric bikes going forward. Additionally, the people of Islamabad will be served by environmentally friendly electric buses. The gathering also showcased advancements in a number of projects, such as the Federal Secretariat renovation, the Diplomatic…
Global digital behemoth Meta has declared that it would no longer forbid the use of the word “shaheed,” which refers to a martyr, on any of its platforms, including Facebook and Instagram. This policy change is a result of suggestions made by Meta’s Oversight Board, which expressed concerns regarding the ban’s wide reach and propensity to impede crucial discussions concerning violence in war areas like Sudan and Gaza. Meta, a company well-known for its strict adherence to the Dangerous Organizations and Individuals (DOI) rules, admitted that the term “shaheed” had previously been overly restricted. Millions of users were affected by…
Coordinator to the Prime Minister on Climate Change and Environmental Coordination Romina Khurshid Alam on Friday called on Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar here. In the meeting, she briefed him about the efforts made to mitigate the threat of climate change in Pakistan, and sought support from the Ministry of Foreign Affairs for the upcoming COP29 to be held in Baku this year. The deputy Prime Minister and Foreign Minister expressed full support to Ministry of Climate Change during the COP29 process
A weekly podcast called #CreatewithCare, consisting of four episodes, will be hosted by Meta in partnership with Pakistani comedian and content creator Ali Gul Pir. It is intended to encourage open dialogue with the Facebook community regarding smart content creation and establishing connections for pleasant experiences. The podcast’s most recent installment was captured on camera during a Meet & Greet that Meta threw on Sunday, June 29 at Avari Towers Karachi. Amtul Baweja and Mansoor Qureshi, content creators, were guests and spoke about the significance of sharing responsibly on the internet. Joining the discussion, Dr. Priyanka Bhalla, Meta’s Head of…
The first cardiac hospital in the city, a burns center, and a Rs. 18 billion Metrobus were among the significant initiatives for Gujranwala that Chief Minister Maryam Nawaz unveiled. She also gave the go-ahead for park renovations, road construction, and Water and Sanitation Agency (WASA) upgrades. Inflation control efforts and the ‘Pink Wheel’ project for women’s safety were also highlighted. Chief Minister Maryam Nawaz unveiled a number of significant projects for Gujranwala on Thursday with the goal of improving the city’s services and infrastructure. The Gujranwala Metrobus Project, which is valued at Rs. 18 billion and includes the city’s first…
