Islamabad, Oct 29: Chinese-Pakistani Firms Join B2B Investment Meeting on Fisheries in Qingdao. The inaugural Pakistan-China B2B Investment Meeting on Fisheries took place Tuesday in Qingdao, Shandong province, China, with participation from up to 45 Chinese and 28 Pakistani firms. The gathering was the first of several industry-specific gatherings aimed at encouraging collaborations and partnerships between Chinese and Pakistani businesses. To further encourage commerce and investment between the two nations, Prime Minister Shehbaz Sharif visited China in June 2024, and this event is a follow-up to that visit. In his remarks, Sun Huanjiang, a CPC Committee Member from the Qingdao…
Author: Iqra Khan
Islamabad, Oct 29: Askari Bank Reports Q3 Profit of Rs. 5.9 Billion. With profits per share (EPS) of Rs. 4.13, Askari Bank Limited (PSX: AKBL) reported a profit-after-tax (PAT) of Rs. 5.9 billion in 3QCY24, up 4.4 percent over 3QFY24. The bank’s PAT for 9MCY24 was Rs. 14.1 billion, which was 3.4 percent less than the previous year’s EPS of Rs. 9.72. In 3QCY24, the bank earned Rs. 104.5 billion in interest, which was 17.7% more than in 3QCY23 but 0.4 percent less on a quarter-over-quarter (QoQ) basis. The interest expense reached Rs. 86 billion, up 17.6% year over year…
Islamabad, Oct 29: Olympic Gold Medalist Imane Khelif Poised for Professional Boxing Career. Imane Khelif, an Algerian boxing sensation who made headlines after winning a gold medal at the 2024 Summer Olympics in Paris, is getting ready to start a new career in professional boxing. Khelif has maintained her resolve in the face of tremendous scrutiny and controversy over her gender during the 2024 Summer Olympics in Paris, garnering widespread support and appreciation from supporters worldwide. Khelif faced challenges along the way to Olympic success. The International Boxing Association (IBA) excluded her from the 2023 World Championships earlier this year…
Islamabad, Oct 29: ADB Approves $500 Million Loan to Boost Climate Resilience in Pakistan. A $500 million policy-based loan has been authorized by the Asian Development Bank (ADB) to help Pakistan reduce the risk of disasters and increase resilience to them. The Climate and Disaster Resilience Enhancement Program (CDREP) will boost inclusive investment in disaster risk reduction and climate resilience, support the expansion of disaster risk financing through a risk-layered approach, and fortify Pakistan’s institutional capacity for planning, preparedness, and response. One of the nations in Asia and the Pacific most at risk from natural disasters and climate change is…
Islamabad, Oct 29: DP World Explores Investment Opportunities in Pakistan’s Infrastructure and Logistics. An executive named Yuvraj Narayan headed a high-level group from Dubai-based DP World, which recently visited Pakistan’s Special Investment Facilitation Council (SIFC), demonstrating a keen interest in growing the country’s logistics and infrastructure industries. In order to improve the efficiency of Pakistan’s trade routes and streamline logistics, the delegation is primarily interested in building a crucial corridor that would connect Karachi Port with Pipri, according to media sources. Representatives from DP World expressed a strong belief in Pakistan’s economic potential during the talks and praised the SIFC…
Islamabad, Oct 29: Lahore Imposes Ban on Certain Vehicles to Combat Smog. Authorities have limited the admission of some vehicles, including as tractor-trolleys and other high-emission vehicles, that do not have the appropriate tarpaulins or protective gear as part of Lahore’s continuous efforts to combat smog. By controlling vehicle norms, this restriction seeks to stop pollution at its source. Traffic officers inspected important city entry and departure sites late into the night under the direction of Amara Athar, the Chief Traffic Officer (CTO) of Lahore. At checkpoints such as Thokar Niaz Baig and Babu Sabu, DSP Nawan Kot Rana Younis…
Islamabad, Oct 29: DHA Peshawar Promises 5-Day Plot Possession with Special Incentives for Overseas Pakistanis. An interesting program has been introduced by the Defence Housing Authority (DHA) Peshawar that enables Pakistanis living abroad to obtain plot possession in as little as five days. Alongside this endeavor are unique incentives created especially for international clients with the goal of streamlining the procedure and attracting investment from the expat community. With the following timeframe for plot possession drawing approval in 1-2 days, plot handover in 3 days. Demarcation in just 1 day potential homeowners can anticipate a simplified experience under this new…
Islamabad, Oct 29: Digital Land Ownership in KP, CM Launches Jaidad Card for Citizens. Ali Amin Khan Gandapur, the Chief Minister (CM) of Khyber Pakhtunkhwa, has implemented the Electronic Jaidad Card as a revolutionary move in the province’s continuing land record reforms. According to specifics, this creative project seeks to give citizens a simplified, technologically advanced way to manage property information by facilitating safe, convenient access to land records. The Jaidad Card, which will be introduced first in the combined districts of KP. Would serve as an electronic passbook that enables users to rapidly access their land records by using…
Islamabad, Oct 29: CPEC offers great opportunities for Afghanistan, says Afghan envoy. While emphasizing that Afghanistan will not allow its soil to be used by terrorist groups against Pakistan, Mawlawi Sardar Ahmad Shakeeb, the Chargé d’Affaires of Afghanistan said that CPEC created many opportunities for the region which could benefit Afghanistan as well. He was speaking at a seminar titled “Strengthening Economic Ties between Pakistan, Afghanistan, and Central Asia” organized by the Institute of Regional Studies (IRS). Mawlawi Shakeeb also stated that Afghanistan’s involvement in the Belt and Road Initiative would not only enhance investments in its infrastructure. But also…
Islamabad, Oct 29: Tarbela 5th Extension Hydropower Project, Chairman WAPDA Reviews Construction Progress on 1530 MW Green Energy Initiative. Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) visited under-construction 1530 MW-Tarbela 5th Extension and reviewed the progress on the project. The Chairman had a detailed visit of the key sites, which include the Raised Intake, the Tunnel and the Power house, and witnessed construction work going on there. During the on-site briefing, the Project Director and the Construction Manager briefed the Chairman about the milestone achieved on these sites. Temporary support work in the tunnel is complete paving the way…
