ISLAMBAD, JULAY 18: Along with its joint venture partners, Pakistan Petroleum Limited (PSX: PPL) has started production at a new Development Well, Adhi South-8, in the Potohar area. As part of our ongoing efforts to increase oil and gas production, we are happy to announce that production has started from Adhi South-8, a new development well drilled in the Adhi Mining Lease. The Company operates this well with a 39 percent working interest, and its joint venture partners, Oil & Gas Development Company Limited (OGDCL) and Pakistan Oilfield Limited (POL), with working interests of 50% and 11%, respectively. Based on…
Author: Mawadat Fatima
ISLAMABAD,18 JULY: PC Lahore hosted the grand conclusion of Allied Bank’s Fintech Hackathon series, which was organized in association with Team up Ventures. In order to propel digital change in the banking industry, Allied Bank and Team up Ventures once again brought innovators and entrepreneurs together after the success of the previous two hackathons, which saw the birth of innovative firms. Allied Bank wanted to identify prototypes, disruptive ideas, and workable and inventive solutions that might revolutionize the Fintech sector through the Hackathon. The following themes were found to provide hacker-friendly solutions: Innovative Authentication Mechanisms Transform ‘myABL’ into an ‘Integrated…
With millions of Pakistanis living abroad in various nations, there is a sizable Pakistani diaspora across the world. These foreign workers are vital to the economies of their host nations and to the maintenance of their families back home. Given the significance of this group, a plethora of tools and services have been created to assist Pakistanis living abroad. Remittances are one of the most important services for Pakistanis living abroad. For many families in Pakistan, remittances are an essential source of money that helps them pay for necessities like food, healthcare, and education. A variety of remittance systems have…
Pakistan’s most recent cricket season has been nothing short of thrilling, with thrilling endings, outstanding performances, and historic events that will live on in memory for years to come. The excitement for the game was evident as cricket fans from all around the world tuned in, and the stakes were bigger than ever. This season has produced some amazing tales of tenacity, skill, and sportsmanship, especially in the Pakistan Super League (PSL). A Fantastic PSL Season The Pakistan Super League (PSL), which attracts interest from cricket enthusiasts and experts worldwide, has always been a noteworthy event in the calendar. This…
Pakistan’s dollar-denominated bonds are expected to climb for a second year in a row in 2024, as some of the world’s top money managers expect the International Monetary Fund to provide the cash-strapped country with yet another bailout. Bloomberg reported on Wednesday. You have a distinct set of possibilities and difficulties as an investor in Pakistan. Even in the face of ongoing political and economic unrest, there is still room for smart investment to yield large profits. The secret is creating a long-term investment plan that is suited to Pakistan’s environment and would yield healthy returns. Investors in Pakistan’s market have…
Pakistan’s electric vehicle (EV) market is expected to increase significantly due to government initiatives and rising public awareness of environmentally friendly technologies. The following are major developments and trends influencing Pakistan’s EV industry going forward: The high cost of conventional cars, the dearth of EV infrastructure, and the high cost of power are obstacles to Pakistan’s promising future for EVs. Pakistan may hasten the switch to electric vehicles with the appropriate investments, incentives, and policies. The adoption of electric cars (EVs), driven by environmental concern and technical developments, is signaling the start of a new era in the global automotive…
Pakistan is experiencing serious effects from climate change on its ecology, economy, and security. severe rainfall and meteorological conditions, as the disastrous floods of 2022.more lengthy floods and higher heat. Impact on the productivity of agriculture, particularly on important crops like maize, wheat, rice, cotton, and sugarcane increased occurrence of landslides, floods, earthquakes, and cyclones among other natural calamities. Impact on the livelihood and health of people. A rise in pollution of the air and water Future climate change scenarios are predicted to cause higher precipitation variability and glacier melting, which would increase river flow variability in Pakistan. Higher evaporation…
Education is essential for a country’s future because it gives people the knowledge and abilities they need to make meaningful contributions to society. Education reforms are necessary in Pakistan, as they are in many other nations, to guarantee high-quality education and tackle the issues impeding the education sector’s advancement. Pakistan has made a number of improvements to improve its educational system throughout the years. The National Education Policy (NEP), which was adopted in 2017 and attempted to address issues including equity in the educational system, quality of education, and access to school, was one notable change. The NEP implemented policies…
China and Pakistan are forming cooperative ventures that might skyrocket Pakistan’s leather sector. According to Khalid Waleed, advisor to the Pakistan Tanners Association, these partnerships entail establishing production facilities, tanneries, and research and development facilities devoted to the invention of leather products. The Association of Guangdong Shoe Manufacturers traveled to Pakistan in June in order to investigate moving their business there. These businesses are willing to contribute anywhere from USD 5 to USD 8 billion to the regional economy. The leather industry in Pakistan, the country’s second most active industry after textiles and a vital exporter, has recently had to contend…
Beginning with the 2024–2025 academic year, the University of Health Sciences (UHS) Lahore has chosen to prolong the duration of its Bachelor of Dental Surgery (BDS) program from four years to five years. A new integrated curriculum that is modular is part of this transformation. Under the direction of UHS Vice-Chancellor Professor Ahsan Waheed Rathore, the 48th meeting of the UHS Board of Studies in Dentistry endorsed this decision. On June 26, the UHS Board of Governors, presided over by Justice (retired) Sheikh Ahmad Farooq, authorized a budget of Rs2,428 million for the fiscal year 2024–25. The yearly development plan…