LAHORE: The installed capacity of Diamer-Basha Dam will be 4,500 megawatt (MW) to generate 18,100 gigawatt hour power annually, while the gross storage capacity of the project will be 8.1 million acre feet (MAF) with live storage capacity of 6.4MAF, according to an official information received on Thursday. It revealed that the Diamer-Basha Dam project … Read more
ISLAMABAD: The present government is supportive of the idea of promoting the e-commerce industry as a catalyst to economic growth and the source of future foreign direct investments, a senior government official said on Thursday. During a meeting with the representatives of Daraz, one of the prominent digital market places in Pakistan, Federal Minister for … Read more
KARACHI: The equity market started the session in the green zone, but later on bears took the charge and dominated the bourse throughout the day, while traded volume remained low due to the absence of any positive trigger, delay in refinery policy and mixed results announcements, dealers said on Thursday. An analyst at Arif Habib … Read more
Pakistan and West Indies to lock horns today in the first game of the two-match Test series to initiate their pursuit for the second edition of World Test Championship 2021-23. The weather forecast predicts heavy showers on all five days of the first Test due to which the contest can be interrupted on frequent occasions. … Read more
ISLAMABAD: Advisor to Prime Minister on Parliamentary Affairs Dr Babar Awan on Thursday informed National Assembly that a total 3,049 recruitments were made against six per cent Balochistan quota during the last three years in the federal government departments. Replying to a question raised by MNA Agha Hasan Baloch regarding number of jobs provided to … Read more
ISLAMABAD: The Pakistan Stock Exchange’s (PSX) downgrade in the MSCI Index is expected to be a short-term gain but in the long run it is a huge loss, experts said. Burg Securities Chief Operating Officer Rehan Ateeq said that the Pakistan Stock Exchange’s downgrade from the MSCI’s Emerging Markets Index to the Frontier Markets Index … Read more
ISLAMABAD: The Pakistan Stock Exchange is likely to be downgraded from the existing Emerging Markets Index to Frontier Markets Index from November onwards this year. A senior official of the Securities and Exchange Commission of Pakistan (SECP) said in May 2017, Morgan Stanley Composite Index (MSCI) reclassified Pakistan’s market as “Emerging Market Index” from its … Read more
Careem is a UAE-based Super App with the mission to simplify and improve the lives of the people, and build an awesome organisation that inspires. It is an extremely purpose-driven and motivated company that aims at moving the region forward by leveraging technology through simplification and improvement in lives. Together the people, infrastructure and technology … Read more
KARACHI: Karachi Metropolitan Corporation (KMC) had in 2015 cancelled all leases on and along 30 big and small stormwater drains of the city following a resolution of the city council, deputy commissioner of Karachi’s district central maintained in comments filed in a petition moved by citizens for paying compensation to those whose houses along Gujjar … Read more
Caribbean Premier League (CPL) franchise St Kitts and Nevis Patriots have announced that they have signed in Pakistan’s power-hitter Asif Ali for the upcoming season. The franchise has announced this news on all available platforms, in which they are welcoming the “power-packed sixes hitter” to the team. “Let’s welcome our power packed sixes hitter @AasifAli2018 … Read more
TARBELA: Prime Minister Imran Khan on Thursday performed the groundbreaking of $807 million Tarbela 5th Extension hydropower project (T-5), under the government’s “Decade of Dams 2018/28” vision. The World Bank and the Asian Infrastructure Investment Bank are providing $390 million and $300 million, respectively, for the project to be completed by 2024. On the occasion, … Read more
A senior diplomat told a UN Security Council Arria Fomula meeting that as a victim of terrorism, Pakistan will continue to work closely with the world community to address the global threat posed by the scourge and to reform the counter-terrorism regime for enhancing its acceptability and effectiveness. In a written statement submitted to the … Read more
ISLAMABAD: Prime Minister Imran Khan was taking keen interest in water reservoirs’ projects to ensure their completion on a fast-track basis, a government official said on Thursday. In a series of tweets, Minister of State for Information and Broadcasting Farrukh Habib said that the work on several water projects, including Diamer-Basha Dam, Dasu hydropower Dam, … Read more
Minister for Planning, Development and Special Initiatives Asad Umar on Thursday lashed out at politicians for violating Covid Standard Operating Procedures (SOPs). The minister in a series of tweets, said that during the last one year, the worst violation of SOPs came from the politicians. Two weeks back bilawal zardari was threatening to hold PM … Read more
Pakistan International Airlines will run eight special flights from today to airlift 10 million doses of anti-Covid-19 vaccines from China to Pakistan. PIA Country Manager for China Qadir Bux Sangi said that a couple of flights of the national flag carrier will leave Beijing Airport today with anti-Covid-19 vaccines procured from China. He said that … Read more
Pakistani Prime Minister Imran Khan accused the United States of seeing his country as useful only in the context of the ‘mess’ it is leaving behind in Afghanistan after 20 years of fighting, Reuters reported. Washington has been pressing Pakistan to use its influence over the Taliban to broker an elusive peace deal as negotiations … Read more
TARBELA: Prime Minister Imran Khan said on Thursday that the government has decided to build 10 dams within 10 years with a view to averting an acute shortage of water in the country and protecting upcoming generations. “We have decided to construct 10 dams within 10 years, including Dasu and Diamer-Basha Dams. We may face … Read more
KARACHI: Pakistan Cables Limited has announced a net profit of Rs553.60 million, translating into the earnings per share (EPS) of Rs15.56 for the year ended June 30, 2021, compared with the loss of Rs91.70 million and the loss per share (LPS) of Rs2.58 in the previous year, a bourse filing said on Thursday. The company … Read more
