Islamabad, Oct 15: PM Meets Tajik Counterpart, Calls for Strengthening Bilateral Cooperation in Trade and Connectivity. In a bilateral meeting with his Tajik colleague Qohir Rasulzoda on Tuesday, Prime Minister Shehbaz Sharif stressed the importance of tight bilateral cooperation to further solidify mutually beneficial cooperation in all areas of shared interest. The prime minister urged the development of bilateral connections in the fields of commerce, investment, energy, and regional connectivity during the meeting, which was place on the fringes of the SCO Council of Heads of Government (CHG) meeting here. Prime Minister Shehbaz emphasized that Tajikistan and Pakistan maintained strong…
Author: Iqra Khan
Islamabad, Oct 15: PM Urges Sustained Pakistan-Belarus Exchanges to Boost Investment and Joint Tractor Production. In order to realize the potential of bilateral cooperation, Prime Minister Shehbaz Sharif on Tuesday called for continued communication between Pakistan and Belarus, specifically in the areas of commerce, investment, agricultural machinery, cooperative tractor manufacturing, and connectivity. According to a press release from the PM Office, the prime minister, who met bilaterally with Belarusian Prime Minister Roman Golovchenko during the SCO Council of Heads of Government (CHG) meeting here, recalled his “warm and productive” meeting with President Aleksandr Lukashenko in Astana earlier this year in…
Islamabad, Oct 15: Chief Minister Punjab Orders Report on Illegal Housing Societies. The Director-General (DG) of the Lahore Development Authority (LDA) has been given a 15-day deadline by Punjab Chief Minister Maryam Nawaz to submit a thorough report on unlawful housing societies in Lahore. This directive was given at a high-level gathering in Lahore to talk about infrastructure and development initiatives for the city. The potential of outright prohibiting the sale of plot files in all Illegal Housing Societies was considered by the attendees during the conference. The Chief Minister called on all relevant departments to work together on this…
Islamabad, Oct 15: Punjab Revises Jhelum-Lillah Road Project to Single Carriageway Amid Budget Constraints. The Punjab government is thinking of making a big shift to its plans for infrastructure development. Talks are in progress to build a single lane between Jhelum and Lillah. According to specifics, this action is a departure from the 128-kilometer dual-carriageway project that was previously approved by the National Economic Council’s Executive Committee (Ecnec) in 2021. Deputy Commissioner Jhelum Syedah Ramallah Ali said that a revised proposal has been sent to Punjab Chief Minister Maryam Nawaz Sharif for official approval. In response to inquiries over the…
Islamabad, Oct 15: Gulberg and 5 Other LDA Schemes to Undergo Major Transformation Under Smart City Project. The Lahore Development Authority (LDA) has received preliminary clearance from the Punjab Chief Minister for a 6 billion PKR project that will turn Gulberg and five other housing projects into sustainable smart city models. On October 15, an agency announced the news in an article. According to the information, this project is coming at a critical moment as Lahore’s air pollution and population density are getting worse, calling for immediate action to create a more habitable atmosphere. Along with incorporating smart city ideas…
Islamabad, Oct 15: SAIC Unveils MG ES5 EV With Over 500 KM Range. The MG ES5, a compact SUV that runs entirely on electricity, has been formally introduced by SAIC Motors. There are three range options available for this family-friendly SUV: 425 km, 515 km, and 525 km. The SUV, formerly known as the “S5”, has been renamed the “ES5” and is anticipated to retail in China for between 100,000 and 150,000 yuan (between Rs. 3.9 million and Rs. 5.85 million). Since a test version was spotted in Europe in August, plans are in place to export it and offer…
Islamabad, Oct 15: Global EV Market Share Declines Slightly Amid Drop in Sales. For many years, there has been a steady increase in the demand for electric vehicles, or EVs. However, this pattern has slightly changed as of 2024. The Alliance for Automotive Innovation reports that the first half of this year saw the first-ever dip in EV sales in the U.S. market, with a little decline in the market share of completely electric vehicles. Even though the drop was only 0.1%, it nevertheless caused Lucid and other companies to cut employees. Despite this, sales of EVs have increased for…
Islamabad, Oct 15: Honda Recalls Civic, HR-V, and CR-V Models Over Steering Defect. Nearly 1.7 million vehicles, including several of Acura’s and Honda’s well-known models, are affected by the company’s latest major recall. This recall, which involves vehicles up to the 2025 model year, is the result of a steering system issue, and it comes shortly after another recall concerning a seatbelt issue in the HR-V. What’s the Problem? The steering worm gear’s manufacturing flaw and improper installation are the root of the issue. A problem with the lubrication of the steering system resulted from the worm gear spring’s poor…
Islamabad, Oct 15: Pakistan, China Resolve to Deepen Strategic Cooperation and Accelerate CPEC Development. China and Pakistan reaffirmed their resolve on Tuesday to substantially expand strategic cooperation in a number of important areas, including as investment, the economy, and regional connectivity. The necessity of accelerating the execution of China-Pakistan Economic Corridor (CPEC) projects was also underlined by both parties. President Asif Ali Zardari and Li Qiang, the visiting Premier of the State Council of the People’s Republic of China, met at Aiwan-e-Sadr to discuss this. The president welcomed the group and underlined that Pakistan’s friendship with its all-weather partner continues…
Islamabad, Oct 15: NBP Divests Entire Stake in Agritech Limited, Exits Fertilizer Sector. Agritech Limited (PSX: AGL) is no longer owned by National Bank of Pakistan (PSX: NBP). In a stock filing on Tuesday, the National Bank of Pakistan said that it has sold all of its shares in Agritech Limited. The divested stake included 248,639,905 non-convertible/redeemable/cumulative preference shares with limited voting rights (allocated/to be allotted in accordance with the Scheme of Arrangement approved by the Lahore High Court), 106,014,632 ordinary shares, and 61,748,756 listed/convertible/non-voting/redeemable/cumulative preference shares. The filing further stated that it seeks to verify that the divestiture transaction…
