Islamabad, Nov 26: Karachi Business Leaders Unveil Plans for New Airline, ‘Air Karachi. An application for an operating license has been submitted to the federal government, and the airline has been registered with the Securities and Exchange Commission of Pakistan (SECP). In its initial phase, the airline will use three leased aircraft, according to businessman Hanif Gauhar. “We have submitted the application for the licence, and there are strong possibilities of securing approval in the coming days,” he stated. The new chief executive officer of Air Karachi is Air Vice Marshal (retd) Imran. He added that Rs5 billion is being…
Author: Iqra Khan
Islamabad, Nov 26: The President of the Republic of Belarus Aleksandr Lukashenko paid an official visit to the Islamic Republic of Pakistan from 25 to 27 November 2024, at the invitation of Prime Minister Muhammad Shehbaz Sharif. During the visit, the two leaders comprehensively reviewed the full range of bilateral relations and reaffirmed their mutual commitment to deepening friendly ties between the two countries across political, trade, economic, cultural, social, and other areas. This year marked the 30th anniversary of diplomatic relations between Pakistan and Belarus. Both sides acknowledged that their relationship had grown into a durable, broad-based, and comprehensive…
Islamabad, Nov 26: Pakistan and Belarus Pledge to Strengthen Bilateral Relations via High-Level Exchanges and Institutional Collaboration, on Tuesday. Pakistan and Belarus expressed their satisfaction with the present favorable trajectory of their bilateral relations and decided to keep it up through institutional collaboration and frequent high-level interaction. Prime Minister Shehbaz Sharif and Belarusian President Aleksandr Lukashenko, who is now on a three-day official visit to Pakistan, held delegation-level discussions about the bilateral relations. According to a press release from the PM Office, the discussions are indicative of the strong bilateral ties between Belarus and Pakistan. The two parties talked about…
Islamabad, Nov 26: Fuel Shortage Looms Over Punjab and Islamabad as Pumps Face Depletion. Fuel shortages in the area could result from pump stations in Punjab, Islamabad, and Rawalpindi running out of fuel. The petroleum supply network in important cities like Lahore and Rawalpindi has been interrupted by the government’s most recent lockdown, which was implemented to stop a massive protest in the federal capital. Officials from the Petroleum Dealers Association have said that although supplies to Rawalpindi stations will run out in a matter of days, Lahore’s stock at some pumps was critically low. The region’s fuel supplies have…
Islamabad, Nov 26: Finance Minister and IASB Commit to Enhancing Financial Reporting Standards in Pakistan. A delegation from the International Accounting Standards Board (IASB), headed by Dr. Andreas, Chairman of the IASB, met with Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue. A shared resolve to further improve Pakistan’s financial reporting and documentation procedures in accordance with international standards marked the end of the meeting. Adoption of EVs: ADB The finance minister outlined the government’s extensive policy framework, which aims to increase tax revenues by improving financial openness and documentation. In order to promote investor confidence both domestically and…
Islamabad, Nov 26: UAE Reiterates No Visa Restrictions Imposed on Pakistani Nationals. The United Arab Emirates (UAE) has vehemently denied rumors that it has ceased granting visas to Pakistani nationals. “False claims have circulated for the past two years that the UAE is not issuing visas to Pakistanis. This is untrue,” said UAE Consul General Dr. Bakheet Ateeq Al Remeithi at an event in Karachi. He advised anyone seeking visas to submit their applications in person at UAE visa offices. Dr. Remeithi underlined, “We have clear directives from our leadership to stand with Pakistan,” reinforcing the UAE’s close connections with…
Islamabad, Nov 26: ADB Warns Pakistan of Potential Revenue Loss in Billions from EV Transition. The switch to electric vehicles will directly impact $5.680 billion, which accounts for over 80% of road user revenues in Pakistan. As a result of this revenue loss, only 35% of the remaining road user revenues will be sufficient to cover the necessary road maintenance. In its most recent research, “Road maintenance financing and cost recovery options, the future of road user revenue in developing Asia and the PACIFIC,” the Asian Development Bank (ADB) made this claim. Of the 500,750 kilometers of roads in Pakistan,…
Islamabad, Nov 26: Dubai Embarks on Building the World’s Second Largest Skyscraper. The second-tallest building in the world after the Burj Khalifa, the forthcoming Burj Azizi on Sheikh Zayed Road seeks to push the limits of Dubai’s architectural creativity, literally and conceptually. The 132-story, 725-meter skyscraper is expected to be finished in 2028. Record-breaking attractions will be available, such as the tallest hotel lobby, nightclub, observation deck, restaurant, and hotel room in the world. According to AE7, the Dubai-based architectural consulting firm that designed the Burj Azizi, it is expected to be an architectural wonder that would further enhance Dubai’s…
Islamabad, Nov 25: Belarusian Ministerial Delegation Arrives Ahead of President Lukashenko’s Visit. In anticipation of Belarusian President Aleksandr Lukashenko’s arrival, a Belarusian ministerial group headed by Foreign Minister Maxim Ryzhenkov landed here on Sunday. The team was greeted at the airport by Pakistan’s ambassador to Belarus, Sajjad Haider Khan, Additional Foreign Secretary (Europe) Ambassador Shafqat Ali Khan, and Interior Minister Mohsin Naqvi.
Islamabad, Nov 25: Commerce Minister Stresses Trade Diversification to Boost Pak-Belarus Bilateral Trade Potential. The current volume of trade between Pakistan and Belarus does not reflect the two countries’ economic potential, according to Federal Minister for Commence Jam Kamal Khan, who stated on Monday that both nations should diversify their trade with one another to take advantage of their respective strong sectors. According to the minister, foreign investment is welcome in all areas of the economy, with energy, infrastructure, telecommunications, manufacturing, mining, ICT, agriculture, and many other areas being priority areas. This was said by Federal Minister of Commence Jam…
