billion

China is looking to set up a $1 billion medical city in the Dhabiji Special Economic Zone, the Sindh government confirms – Trendy Blogger

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China is looking to set up a billion medical city in the Dhabiji Special Economic Zone, the Sindh government confirms – Trendy Blogger

KarachiA $1 billion medical city could become a reality at the Dhabiji Special Economic Zone (SEZ) in Thatta, Sindh, as a high-level Chinese trade delegation has expressed keen interest in the ambitious project, according to the Sindh government. The announcement came during a visit by a 12-member delegation of leading Chinese companies to the Dabeiji … Read more

Consumers raise concerns over KE write-off claims of Rs68 billion during NEPRA hearing – Trendy Blogger

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Consumers raise concerns over KE write-off claims of Rs68 billion during NEPRA hearing – Trendy Blogger

Islamabad: The National Electric Power Regulatory Authority (NEPRA) on Tuesday concluded the public hearing on K-Electric’s (KE) application to write off Rs68 billion of non-recoverable dues accumulated over seven years, from FY17 to FY23. These claims, which were presented as crucial to KE’s financial sustainability, drew sharp criticism from consumers in Karachi, who expressed concerns … Read more

The government sells PIA’s precision engineering complex to the Pakistan Air Force for Rs 6.5 billion – Trendy Blogger

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The government sells PIA’s precision engineering complex to the Pakistan Air Force for Rs 6.5 billion – Trendy Blogger

The government has decided to sell Precision Engineering Complex (PEC), a business unit of Pakistan International Airlines (PIA), to the Pakistan Air Force (PAF) for Rs 6.5 billion. The deal includes Rs 2.5 billion in cash and Rs 4 billion in employee-related liabilities. The Express Tribune Quoting government officials. A ministerial committee has already approved … Read more

The Punjab government gets Rs. 2.7 billion through real estate auctions – Trendy Blogger

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The Punjab government gets Rs. 2.7 billion through real estate auctions – Trendy Blogger

Islamabad: The Punjab government has raised Rs. $2.7 billion by auctioning off 60 properties through a transparent bidding process across multiple regions, according to a report by *Dawn*. The estates, which were earlier managed by the Punjab Privatization Board, were transferred to the Colonial Department of the Board of Revenue (BoR) after the merger of … Read more

Musk has spent more than a quarter of a billion dollars to help elect Trump in 2024 – Trendy Blogger

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Musk has spent more than a quarter of a billion dollars to help elect Trump in 2024 – Trendy Blogger

Elon Musk spent $259 million to support Donald Trump’s presidential campaign, making him one of the largest individual contributors in US election history. US Federal Election Commission (FEC) data revealed that Musk donated $239 million to America PAC, which he founded to mobilize voters for Trump. An additional $20 million went to RBG PAC in … Read more

Partner STZA and Tech7 for Rs. 15 billion private technology zone in islamabad – Trendy Blogger

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Partner STZA and Tech7 for Rs. 15 billion private technology zone in islamabad – Trendy Blogger

The Special Technology Zones Authority (STZA) has entered into a landmark deal worth Rs. $15 billion zone development agreement with Tech7 (Private) Limited to establish a state-of-the-art Special Technology Zone (STZ) in Sector B-17 of Islamabad. The project is expected to act as a catalyst for Pakistan’s thriving digital economy and position the country as … Read more

Federal government debt fell by 456 billion rupees in October – Trendy Blogger

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Federal government debt fell by 456 billion rupees in October – Trendy Blogger

The federal government’s total debt stock fell by Rs456 billion in October 2024, driven by record profit remittances from the State Bank of Pakistan (SBP) and continued debt servicing. According to data released by the State Bank of Pakistan, total debt stood at 69.114 trillion rupees at the end of October, down from 69.570 trillion … Read more

Pakistani public sector companies make net profits of Rs 102 billion – Trendy Blogger

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Pakistani public sector companies make net profits of Rs 102 billion – Trendy Blogger

Pakistani public sector companies made net profits of Rs102 billion during the first half of the last fiscal year 2023-24, despite continuing losses from power distribution companies and Pakistan International Airlines (PIA). The Ministerial Committee on State-Owned Enterprises, headed by Finance Minister Muhammad Aurangzeb, approved the semi-annual report for the period July-December 2023, which shows … Read more

Fuel oil smuggling network generates $1 billion for Iran and its agents – Trendy Blogger

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Fuel oil smuggling network generates billion for Iran and its agents – Trendy Blogger

A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion annually for Iran and its agents has flourished in Iraq since Prime Minister Muhammad Shia al-Sudani took office in 2022, five informed sources told Reuters. The operation exploits a government policy under which Iraq allocates fuel oil to asphalt plants … Read more

The world’s 100 largest defense groups boost arms sales by 4.2% in 2023 to reach $632 billion. – Trendy Blogger

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The world’s 100 largest defense groups boost arms sales by 4.2% in 2023 to reach 2 billion. – Trendy Blogger

Global arms sales of the top 100 companies reached $632 billion in 2023, representing a 4.2% increase in real terms compared to 2022, according to data from the Stockholm International Peace Research Institute (SIPRI). Arms revenues rose in all regions, with notable growth among companies in Russia and the Middle East. Small arms producers have … Read more