Islamabad, Oct 3: Tariq Glass to Invest Rs. 1 Billion in Baluchistan Glass Ltd. In a notice of annual general meeting on Wednesday, Tariq Glass Industries Limited (PSX: TGL) announced that it has chosen to extend its investment in Baluchistan Glass Limited, an associated company, up to a maximum of Rs. 1 billion. For an additional year after the date of approval, the investment will take the form of a rollover or renewable short-term loan, advance, or running finance as needed by Baluchistan Glass Limited. The terms and conditions of the rollover will be disclosed to the members, and the…
Author: Iqra Khan
Islamabad, Oct 3: Minister Naqvi Meets Australian High Commissioner to Discuss Bilateral Cooperation. Australian High Commissioner Neil Hawkins met with Federal Minister of Interior Mohsin Naqvi on Thursday at the Ministry of Interior to discuss areas of mutual interest, bilateral relations, etc. Upon arrival, Naqvi Meets Australian High Commissioner. Bilateral connections and topics of shared interest were thoroughly explored during the meeting. It was decided to strengthen border management and anti-human trafficking cooperation. The designation of Australian Capital Territory and Islamabad Capital Territory as sister cities was also under consideration.The Pakistani cricket team is scheduled to visit Australia on October…
Islamabad, Oct 3: IST to Celebrate World Space Week 2024, Highlighting the Intersection of Space and Climate Change. The National Center of GIS and Space Applications (NCGSA) and the Institute of Space Technology (IST) are partnering to host a number of events to commemorate World Space Week (WSW) 2024, which will take place from October 4–10. An IST official stated that this yearly celebration, which is supported by the UN and observed all around the world, highlights the vital role that space research and technology will play in determining humankind’s destiny. The goal of this year’s topic, “Space and Climate…
Islamabad, Oct 3: Achieving Green Economy Goals Romina Stresses Importance of Making Cities Environmentally Sustainable. Romina Khurshid Alam, the Prime Minister’s Climate Change Coordinator, stated on Thursday that extreme weather occurrences brought on by climate change, especially heat waves and urban flooding disasters, pose a serious risk to people’s lives, livelihoods, and public infrastructure. Building climate-resilience of the cities against adverse consequences of climate change is vital for building the urban environmentally-sustainable and resilient- living places, Alam stressed. She presented various plans to turn the capital into a sustainable environmental model while meeting with a group headed by Muhammad Ali…
Islamabad, Oct 3: Tesla Q3 Sales Surge Over 462,000 Deliveries Mark a Record-Breaking Quarter. Sales at Tesla are still growing significantly, mostly due to the company’s enticing incentives and the stepping up of production of the much-anticipated Cybertruck, which has helped offset the effects of increased competition, especially from China. With a major event, the Robotaxi unveiling, coming up on October 10, this growth is paving the way for a possible increase in the value of Tesla’s shares. As to the Investor Relations (IR) consensus from Tesla, Wall Street analysts anticipate that the electric vehicle (EV) giant would ship approximately…
Islamabad, Oct 3: Pakistan Suzuki Announces Replacement of Bolan with New Every Model, Launching Soon. The officially scheduled launch date of the domestically assembled Suzuki Every is set for October 12, 2024 by Pakistan Suzuki Motor Company (PSMC). Details: Although specifics of the locally produced variant are still unknown, the global model provides an indication of what to anticipate. Suzuki Every, which is 3395 mm long, 1475 mm wide, and 1895 mm high, keeps its distinctive boxy design. Up to six passengers can travel in luxury and space thanks to its 2430 mm wheelbase. The car’s 658cc R06A engine, which…
Islamabad, Oct 3: The Competition Commission of Pakistan (CCP) continued its comprehensive Phase II Merger Review of PTCL’s acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited. As part of its detailed review, the Competition Commission of Pakistan is undertaking an in-depth analysis of the telecommunications sector, focusing on significant market power concentration, competitive dynamics, and the potential impact of proposed merger. The process has remained inclusive, ensuring all stakeholders have ample opportunity to present their submissions. In the recent hearing, Mr. Asif Inam, Chief Operating Officer of Transworld Associates accompanied by its Legal…
Islambad, Oct 3: DHA Quetta Extends Deadline for Clearing Pending Dues, Offering Relief to Property Owners. An extension has been announced by the Defence Housing Authority (DHA) Quetta for the payment of outstanding balances on all of its products. In response to public pressure, the authority extended the deadline to October 31, 2024, giving all parties involved more time to make unpaid invoices. One major benefit of this extension is a 100% waiver of surcharges that would otherwise be imposed on past-due payments. By making this announcement on its official Facebook page, Quetta emphasized how important it is to accommodate…
Islamabad, OCT 3: CDA Auction Sees Strong Investor Interest on Day 2, Generating Over PKR 12 Billion in Property Deals. The Capital Development Authority (CDA) auctioned off six commercial plots on Wednesday, bringing in about PKR 12.45 billion on the second day of the ongoing auction event. The event took place at the Gandhara Citizen Centre, F-9 Park, Islamabad, as mentioned in the specifications. Starting on October 1 and running through October 3, the auction is scheduled to take place. Notably, on the second day, a Garden Avenue site that was supposed to be a hotel sold for PKR 1.48…
Islamabad, Oct 2: Pakistan Weather Forecast, PMD Predicts Hot and Dry Conditions Nationwide. According to a weather forecast issued by the Pakistan Meteorological Department (PMD), most of the nation will have hot, dry weather in the upcoming days, with isolated showers expected in select places. The PMD predicts that the majority of Punjab’s districts, Islamabad, and Khyber Pakhtunkhwa (KP) would likely continue to be hot and dry.KP’s highest altitudes may get partially overcast skies. While much of Balochistan is expected to remain hot and dry, regions like Barkhan, Awaran, and Khuzdar may see gusty winds, thunderstorms, and spotty showers. Most…
