QUETTA: Balochistan Public Health Engineering Department Secretary Imran Jeshki announced that the Manji Dam project will be completed within two years, supplying 80 million gallons of water per day to Quetta and its surrounding areas. He stated that the dam development work has been accelerated to ensure its timely completion. Once operational, the dam is … Read more
ISLAMABAD: Pakistan Railways (PR) has refunded Rs380 million to passengers over a period of three years due to delay in starting trains from the original station. “Rs 33 million in 2023, Rs 269 million in 2022 and Rs 78 million in 2021 have been recovered to facilitate passengers following their complaints regarding undue delay in … Read more
VEON Group, the parent company of Mobilink Bank, has injected US$15 million of fresh capital to support the bank’s strategic initiatives, including expanding financing for micro, small and medium enterprises (MSMEs), exploring Islamic banking, and accelerating its transformation into a global bank. The first digital bank. Mobilink Bank announced in a statement that the investment … Read more
Pakistan’s foreign exchange reserves saw a decline of $261.2 million or 1.57% on a week-on-week basis, bringing the total to $16.37 billion during the week ending December 20, 2024. The decline was primarily driven by a significant decline in reserves held by Pakistan. State Bank of Pakistan (SBP). According to data released by the State … Read more
Taiwan’s Fair Trade Commission (FTC) has blocked Uber Technologies’ $950 million purchase of the island’s Delivery Hero subsidiary Foodpanda, citing competition concerns. The Federal Trade Commission announced the decision on Wednesday, stating that the deal would hurt competition in the market by eliminating rivalry between Taiwan’s main food delivery competitors, UberEats and Foodpanda. The merger … Read more
The World Bank has approved additional financing of $450 million for the Sindh Flood Emergency Housing Reconstruction Project to support the reconstruction of resilient housing for people in Sindh province affected by the 2022 floods. According to a World Bank press release, the new support will build on the original $500 million project, approved in … Read more
Pakistan received external financing worth $944.2 million in November 2024, representing a 127.6% increase compared to October and a 127.0% increase from November last year. The funding consists of $937.66 million in loans and $6.54 million in grants, according to the Department of Economic Affairs’ latest report. Despite this increase, cumulative external financing during the … Read more
Mufasa has dominated the global box office, but the Lion King prequel lacks the flavor of Disney’s previous live-action films. The film is a prequel to Jon Favreau’s 2019 remake of “The Lion King,” which grossed $87.2 million overseas and $122 million worldwide. While ticket sales were enough to top box office charts worldwide, the … Read more
According to a report by L The Express Tribune, Pakistan has halted plans for a $300 million floating solar project aimed at generating 300 megawatts of electricity, citing the need to re-evaluate the country’s long-term energy strategy. The project, which had the potential to significantly reduce reliance on costly thermal power, was postponed after the … Read more
Chinese company ADM Group has announced a $350 million investment in Pakistan’s electric vehicle sector, with support from the Special Investment Facilitation Council (SIFC), according to Radio Pakistan. The initiative aims to develop the ecosystem for electric vehicles, reduce carbon emissions, and reduce dependence on traditional fuel. As part of this investment, 3,000 charging stations … Read more