A new undersea internet cable, capable of providing 24 terabytes of bandwidth, is currently being installed and is expected to significantly enhance the speed and reliability of the internet across Pakistan. Media reports indicate that the 45,000 km cable is being installed by a French company and will complement the existing seven cables, which currently … 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
The Oil and Gas Regulatory Authority (OGRA) has approved the import of 128,000 tons of high-speed diesel (HSD) in January 2024, after demand fell mainly due to the end of the harvest season. Ogra has allowed import of 90,000 tons by Pakistan State Oil (PSO) and 38,000 tons by Gas and Oil Marketing Company (GO) … Read more
In a move to capitalize on the UAE’s business-friendly environment, Hoechst Pakistan Limited, formerly known as Sanofi-Aventis Pakistan Limited, has announced plans to set up a wholly foreign-owned subsidiary in the Gulf country. The company disclosed this development on Friday in a notification to the Pakistan Stock Exchange (PSX). “The Board of Directors of Hoechst … Read more
In the hope of deepening cooperation between China and Pakistan, several memorandums of understanding were signed to enhance cooperation in the field of technical and vocational education and training. The agreements, which aim to improve employment opportunities, promote innovation, and strengthen bilateral relations, were finalized during the TVET Forum entitled Strengthening the skilled workforce: shaping … Read more
Federal Minister for Law and Justice Azam Nazir Tarar informed the National Assembly on Thursday that the government is optimistic about receiving better bids in its second attempt to privatize Pakistan International Airlines (PIA) after a previous failed attempt. During the Question Hour, the Minister emphasized that restoring PIA’s routes to Europe could positively impact … Read more
BEIJING: The Pakistani Embassy in Beijing on Thursday hosted the inaugural China-Pakistan Technical and Vocational Education and Training Forum, as a pioneering initiative to enhance bilateral cooperation in the field of education and human resource development. The forum, titled “Strengthening the Skilled Workforce: Shaping a Brighter Future,” brought together policymakers, high-level government officials, renowned TVET … Read more
BEIJING: The Embassy of Pakistan hosted the Annual Conference of Consuls General 2024 from December 17 to 18, chaired by Pakistan Ambassador to China Khalil Hashmi. The two-day event brought together consuls general from Pakistan’s consulates general in Hong Kong, Shanghai, Guangzhou and Chengdu, a press release said.The conference reviewed the activities of the consulates … Read more
The Exchange Rates Committee of Pakistan Financial Markets Association issued the following exchange rates bulletin on Wednesday.