Pakistan and China have affirmed their commitment to expedite progress on significant connectivity projects and enhance cooperation across various sectors, Pakistan’s Foreign Office announced on Friday. This resolution came during the ongoing visit of Pakistan’s Deputy Prime Minister, Ishaq Dar, to China, where he held discussions with Chinese Foreign Minister Wang Yi and other high-ranking officials. In recent years, Beijing has been a steadfast ally of Islamabad, investing over $65 billion in energy and infrastructure projects under the China-Pakistan Economic Corridor (CPEC). This initiative, a part of President Xi Jinping’s Belt and Road Initiative, aims to establish a network of…
Author: WebDesk
New research reveals that the economic impact of climate change is six times worse than previously estimated. With each 1C increase in global temperature, there is a 12% decline in the world’s gross domestic product (GDP), a significantly higher rate than previously thought. The study warns that the world has already warmed by over 1C since pre-industrial times, and further warming, projected to reach 3C by the end of the century, will incur substantial economic costs. The paper, authored by economists Adrien Bilal and Diego Känzig, suggests that a 3C temperature increase could lead to drastic declines in output, capital,…
As fuel prices soar, many are opting for smaller engines and hybrids. However, for enthusiasts with a penchant for powerful rides, here’s our guide to the best 2,500+cc cars under 40 lakhs. Honda Accord: If you think the Civic is performance-oriented, wait till you experience an old JDM Honda like the Accord. Sporting a 2.4L i-Vtec engine, it churns out 198 HP and 235 Nm of torque. With a swift 0-100 time of 6.5 seconds, it epitomizes Vtec power. While its suspension is sensitive yet smooth, its road grip and ride quality are top-notch. Power: 198 HP Torque: 235 Nm…
Abdul Aleem Khan, the Federal Minister for Privatization, announced on Friday that the Privatization Commission has received Expressions of Interest (EOIs) from nine major business groups for the privatization of PIA, as the deadline for submission of EOIs ended today. According to a statement from the Press Information Department, the minister stated that these EOIs have been submitted by various business groups, including individuals and consortiums. Now, the Privatization Commission will initiate the pre-qualification process following the rules and regulations outlined in the PC Ordinance 2000. Khan mentioned that among the entities that have submitted offers are Fly Jinnah, Air…
Easypaisa’s revolutionary “Audio Nikahnama” campaign has added yet another feather to its cap by clinching the prestigious Caples UK Award. The campaign secured a bronze in the ‘Not for Profit’ category, a silver in the ‘Mobile’ category, and a gold in the ‘Audio’ category. Additionally, Rifah Qadri, Head of Marketing & Communications at easypaisa, made history by winning “The Courageous Client Award,” marking the first time a Pakistani has been honored in this category. Established in 1978 by BBDO copywriter Andi Emerson, the Caples Awards serve as a beacon in the advertising and marketing industry. The awards recognize campaigns that…
Google has announced groundbreaking update to its search engine, introducing AI-generated responses for queries made by users in the US. This represents one of the most significant changes in Google Search’s 25-year history. At an event in California, Google CEO Sundar Pichai unveiled a new tool called “AI overviews,” which will be available to US users this week. Pichai also mentioned plans to expand this feature to other countries soon. With this update, users will see AI-generated “overviews” at the top of many search results pages, providing a summary of information before displaying traditional links and features. Powered by Google’s…
Commuters with M-Tags can now enjoy seamless toll plaza crossings without the need to stop, reducing congestion and wait times. Thanks to a new partnership, travelers can top up their M-Tag accounts through the Zindigi app. One Network, which manages the M-Tag infrastructure for the Frontier Works Organization (FWO), has integrated its services with Zindigi, the digital banking arm of JS Bank, ensuring no extra charges for these top-ups. This collaboration enhances the M-Tag travel experience by allowing users to recharge their accounts via the Zindigi app, supplementing the existing One Network Mobile App and other digital wallets. The agreement…
HABIBMETRO recently organized its Economic Insights Treasury Roadshow titled “Changing Dynamics of Pakistan’s Economy Amidst a Global Perspective,” with sessions held in Faisalabad, Multan, and Lahore. As Pakistan’s leading trade finance bank, HABIBMETRO is committed to supporting trade businesses nationwide. The seminars aimed to assist key trade industry professionals and decision-makers in navigating economic challenges and offered a platform for discussions on Pakistan’s economic recovery within the global trade context. “HABIBMETRO’s role as a leading trade finance bank underscores our commitment to fostering financial intermediation and catalyzing trade and economic growth in Pakistan. With this roadshow, we aim to equip…
The Consul General of China in Karachi, Yang Yundong, reiterated his dedication to bolstering the all-weather strategic cooperative partnership between China and Pakistan. Speaking at a seminar hosted by the Chinese Consulate General in Karachi to mark the 73rd anniversary of China-Pakistan diplomatic relations, Yundong emphasized the deep and enduring ties between the two nations. “Our comprehensive cooperation has flourished, enduring the ever-changing international landscape and solidifying into an ‘ironclad’ friendship,” Yundong stated. He pledged to uphold the core interests of both countries, maintain close communication, enhance pragmatic cooperation, and further deepen bilateral relations. Yundong noted that Pakistan was the…
Suzuki Pakistan has unveiled a new two-tone exterior color option for its popular hatchback, the Suzuki Swift. The Swift GLX CVT is now available in this stylish design at the unchanged price of Rs. 4,719,000. In an official statement, the company expressed its excitement about the new offering: “In response to the overwhelming demand for the Suzuki Swift, we are thrilled to introduce stylish two-tone exterior combinations that elevate the customer experience and set new standards in the premium hatchback segment.” The new two-tone options include Mineral Grey with a Black Roof and Silky Silver with a Black Roof, both…